Mrkt nos..1 Aug 2019 07:05
Bloody hell Aston Martin plunges off the road to a new low after a ridiculously optimistic IPO last year (Well done the Invstmnt Bank/never give the suckers an even break...see Genel IPO as well) succouring in gullible Marquee freaks to the overpriced stock. That's their job.
Shares plunged 20% to 456 down 111 at one time after the stock got stuck in first gear posting a £78m loss £21m profit last time. Shares closed down 70 at 498. Not for me at 200p even in overdrive reverse gear if such a thing exists?
With the wk end coming up dealers were queuing up at Waterloo St to get a train home to catch the latest episode of 'Home and Away' the top tv fave of mrkt mkrs and teenage scribblers...I know I was on the train....my head in the buizz section of the
ES i spied......
NEXT, Oh my God! This Co continues to come up trumps with a strong Q2 performance, sales up 4%, profit up £10m to £725m, shares gained 448 to 6064 and are returning surplus cash (£300m) to holders via buybacks (suddenly all the vogue) whatever next?....
........Here's a great British High St success story that goes largely unnoticed and to think I could have bght at 10p....grrrrr!
You all know how London fared on the day. Over the pond.......
US stocks slipped lower after the priced in 0.25% cut (2.00-2.25%) range the first in many a year though many think the US economy does not warrant it. Borrowings are at historic lows and equity sentiment on the bull side
and many think the Dow at sub 30,000 is a steal.
Well in another world perhaps......not that I have any insight on that.
Best guess is mrkts look toppy and are ripe for some fresh fruit pruning pre any Brexit / China trade moves. Stocks sank, Powell not committing to more cuts, then rose late on only to turn lower before close. Dow off 334,
500 fell 33 techs 98 and R2 11.
In Asia mrkts were little moved as trade talks concluded with no breakthrough.
The nos: Oil $64.37
Gold $1421. Coin $9987.
Vix 16. £$ 1.212. £€ 1.097
Palm $510. MSCI 524.
FF -15. DF +17.
Morning all. I'll see the wk out and then decide whether to cont posting. Perhaps just the bare nos?