Member Info for JohnLewis79

Summary.

Total cases 102,242
New cases 297
Total deaths 3,497
New deaths 31
Total recovered 57,629
Countries 97

Yesterday the Dow pulled out of a near 900 fall late on to close at 25865 (-256), 130 off session high. However surprisingly the Dow added 456 on the week.

The US economy added 273000 (166000 forecast)
better than expected but the nos were pre virus taking a hold. Oil futures slumped 10% after Russia & OPEC failed to agree on output cuts. The prospect of $30 oil is ever nearer.
Among safe haven assets saw the 10yr note yield less than 0.8%, Gold up 5.5% on the week to $1674 (+10% ytd) and WTI crude $41.27.
The US economy stands on a solid basis of record employment, low inflation, low rates and good co profits so far. How the nos will look at end Q1 & Q2 will be the true test.
At close.
DJ -256 (25865)
SP -52 (2972)
NS -163 (8576)
R2 - 30 (1449)
Ytd
DJ -9%
SP -8%
NS -4%
R2 -13%

Brent $ 45.27
Ytd -31%
Palm $669
Ytd -16%
REA 123
Ytd
-26%
Morning all. Go Wales!!

Blast from the past? I have records going back to the early 90s (I think)...so if any of you would like to pick a year I can give you most of the indices, oil, gold, rates, far east etc...
Probably only for the 'historians'
bell me.

1 UK death causes the ftse to tank 200 at that rate the ftse will be zero if another c.32 die....Gordon bloody Bennett I give up!

Last price £77.50 (21,926).
High £95
Low £57

Some bullet points from RNS(1).
* palms near or at maturity
* prices are at remunerative levels.
* reduced costs
* lower levels of capex
* better cash flows
* achieve further efficiencies.
* confident over time will
meet all obligations.

Markets should like the news giving the Co some leeway and pref holders will be pleased. Of course the EGM has to be passed but one can be reasonably sure REA have tested the willingness of note holders to agree. Let's hope so...

Sterling notes settlement extended to 2025 and if passed at an EGM the 9% cum 'Prefs' will be paid at 1% per pref share.
Makes good sense for the Co and lenders to seal the deal on 31/3/20.

All of Asia is solidly in the red taking its cue from the slump in NY now a regular up/down occurrence. The virus spread the impact on global trading the huge drop in demand, travel restrictions where airlines are estimated to lose $113bn in revenues and supply chain seizures are tanking world mrkts who see no slowing down anytime soon. US mortgage rates hit a near 50 year low with the 10yr note yield at an historic low of 0.81%. Crude fell on demand worries to $45.47.

California has declared a statewide emergency as the US death toll hits 12 with 226 infections. The WHO say new infections are 17 x as many outside of China as in and it's very much a 'too little too late' now scenario with containment the no 1 priority.
At close:
DJ -970 (26121) -4%
SP -106 (3025) -3%
NS -279 (9739) -3%
R2 -52 (1479) -3.5%

Asia
TK -579 (-3%)
HK -587 (-2%)
SH -33 (-1%)
SK -45 (-2%)

The nos:- Oil $49.59.
Gold $1678. Palm $674.
Vix 40. $1.296. €1.154.
PI 6752. FP 7275. FF-120
DF -221. MSCI(W) 526.
Morning all.

....Correction game still on atm...
It was the Eng v Italy game called
off.

Close up the bloody shop. Eng v Wales called off.....oh well probably delays the inevitable trouncing.....

G ytd is off 20% (52wk -26%) near double the 350 OG sectors 11% since end 2019. Couldn't find the constituents of the sector but guess G now a small cap will be listed?

If not its in the massive 680 share mrkt cap listed index appearing at no 405 its lowest since the sub 100 days. This index reviewed Quarterly due next 23/3.

Top dog....RDSA/B 143BN
Bottom dog Safestyle 36m

Dow infected again. Back on the sick list called 500 lower. Nice for some but most of us need a vaccine to cure these crazy floor traders of the twitches and someone pull the plug on these bloody machines for chrissssakes!

Dow back on the sick list (-500) isn't this wonderful for the in out and shake it all about merchants!!

Six thousand six hundred plus deaths from flu & related 2019/20 to date with 120,000 hospitalised.
Those are the numbers!

Noone ran around like headless chickens wearing masks and Hazmat suits while thousands were dying...well not in Saarf London they did'nt! I'll grant you we get flu most years so we live & cope with it despite the high death toll.
Current virus fatalities in the UK....0.... infections 90.
We may well get some fatalities but 6000? Come on!!

Parliament may well shut down to prevent MPs 'hot air' spreading. That's the best news I've heard this year! Toodle doo!

A negative P/E ratio ie., a Co losing money will have one but not necessarily report it. You calculate the nos in the usual way, sp÷eps (if any).
There may well be valid reasons for the above for many companies experience down periods, massive upfront costs of a start up etc..could lead to reporting a neg P/E but a Co that consistently reports losses faces the possibility of bankruptcy and investors take on this added risk and the sp is usually adjusted lower.

We know REAs track record is more Conference quality than Premiership but survives through loans and borrowings. That's a plus as lenders perceive the co as a good risk and hope the fundamentals improve which to date is taking forever.
A good risk for lenders but a terrible one for holders. If your holding here you really must believe the headwinds facing plantation companies can be overcome.
Cycles change and no doubt palms will be back in favour but not just yet.
At 120.. . the top of the spread might be a risk worth taking if your looking through 2022. I doubt I will get my buy order filled so have moved it up a tad because no co reports losses forever do they?

Covid-19

Total cases 95488
New cases 311
Total deaths 3286
New deaths 32

USA 160 +2 (11 deaths)
UK 87

Indonesia now accounts for c.55% of the global output of palm oil contributing 13.5% of non oil & gas exports of $22.3bn to the economy.
To keep up with increases in demand (B30) etc.., around 500,000 ha will need to be planted in the next 3 years said the newly appointed major domo of the Indonesian Palm Oil Estate Fund.
GAKPI data showed that 2019 exports had increased by 4% to 36mt, sending 6mt to China, 5mt to India and 5mt to the EU.
The nos to China have been badly hit and may never be made up.

Bidens strong performance coming back from the dead in the US Primaries over the Labour candidate Sanders boosted stocks in the morning by c.3%. Biden now looks the one to beat which would please the mrkts.
Bloomberg's billions turned out more a hindrance than a benefit and he's done for.
Nevertheless it's two aged 70 year old white men vying to challenge another old'un Trumpton in Nov. The paucity of talent only too visible for all to see.

Healthcare stocks had 7 of the top 10 best performers, United Healths strong bounce back of 10% from Mondays sell off led the risers on the big board, followed by Amex, Pfizer & 3M but GE warned on weaker sales. The Dow for a change was ignoring event driven trading news and looking at the charts for support information as to future direction of equities.
Consensus opinion is sideways to up through Q2&3. The bull has been wounded but not fatally.

Take the last 7 volatile sessions on the Dow.
-1031
-879
-124
-1191
-491
+1294
-786
+1173
Net loss 2035 during which the Dow fell 7%. These crazy gyrations look here to stay while the virus remains fixated in investors minds with 160 infections, (12) new and 11 fatalities in America to date.
DJ +1173
SP +127
NS +334
R2 +45.

All blue in Asia this morning strong gains across the region after the virus fuelled rally in the US. Helping sentiment was the US Govt pledging $8bn to aid research into a vaccine and infections and fatalities levelling out in China.
TK +252
HK +520
SH +57
SK +28

The nos:- Oil $51.94
Gold $1639. Palm $694.
Vix 32. $1.288. € 1.156.
PI 6753. FP 7401. FF +44
DF -206.
Morning all.

H...I'm sure you remember when the KRG did not pay Oil companies their dues for many a month. Ok they were battling ISIS at the time but as ever that was an acceptable excuse not to pay. They are our paymaster and can delay payments at the drop of a hat and were basically up the swanee without a paddle.
I cannot see the bod baying for blood on this issue they will kowtow meekly and hope for the best. Plenty of others would step into our shoes if G unwisely kicked up too much of a fuss.

We have done business with the KRG for too long to throw any spinners in the works given the gas interests are at a crucial stage it's best to keep our heads down and suck it up. The bod did it well enuff years ago, what's diff now?