Member Info for mattwales

oil evaporates in storage about 5%.

Due to the nature of refined products based on oil like petroleum.

They evaporate faster than oil because its the gasoline part of oil that evaporates in oil loss.

Its unlikely anyone would have storage places for fuel.

is like the UK Brent has fallen 60% but due to taxes yada yada we have seen a 20% cut.

This is USA petrol prices, obviously Carnival use diesel but its probably an accurate reflection. Similar falls to the UK.

https://www.globalpetrolprices.com/USA/gasoline_prices/

in regard to oil being super low, the price of fuel due to refining costs wont be as low being passed on especially the USA switching to use of summer fuel (prices go higher due to summer fuel as they have to use additives to mix the oil).

we're not bouncing because the Dow and Carnival long term chart is a horror show

both to go macd negative its how far down

MACD Carnival chart https://www.tradingview.com/x/KijiFyuz/
MACD DOW JONES https://www.tradingview.com/x/8ahl9lnm/

pretty much all movie production and post production editing has been stopped.....it wont come back till cinemas do.

added to this all the finished top movies released on video on demand so most people wanting to view something have done.

everything is shut down worldwide...…..u cant blame anyone for that.

right now the zim govt and every govt got more problems than epo sign off.

Prem is in the same boat.

with 2nd wave this winter.

https://www.ccn.com/dow-futures-plunge-after-cdcs-chilling-new-coronavirus-warning/

its obvious to a blind man that if 4 new shares are issued at 30p the existing share will hurtle to 30p.

ltv could be right (at least for the next week)

https://www.tradingview.com/x/EL57twH5/

so ur expecting this to be valued at 972.8m come Monday? 194.56m x 5

the 30p price has everything do with it given 4 shares for every 1 in issue are being given at 30p.

short term this is toast.

obviously bookrunners like jp morgan and other market participants who can go short will be dumping as we speak.

i shouldnt ever read lse amount of shares in issue....its wrong.

errr the nil paid rights are tradable but new shares not in issue till 20th which is when i expect a dump.

ops that should say 4.735 billion shares.

can you not see going from 947 million to 4.735 billion shares will create a sales overhang as sellers dump?

no there is no lock in period. shareholders get their extra shares Monday.

why surprised at 30p?

u have 947 million shares @ 63p value £626m

come Monday 5 times the shares 947*5 = 4735 shares value £2.98bn if it stays the same price which is doubtful.

its more a case of professional investors will be dumping/shorting this and pushing this to the 30p level.

then when the new shareholders get their shares Monday realise they can make a profit, a lot will dump.

then as an overhang situation i.e more sellers than buyers marketmakers's will mark it down more.

im surprised everyone negative isnt clouting aston martin.

you guys are wasted, aston martin 70p...rights issue next week 30p.

using Halifax and been unavailable for a quote since 8.30am.

just wondered if anyone else had issues.

maybe i'm reading it wrong but 4 new shares for every 1 held at 30p surely should take it to 30p cos of the massive dilution.

carnival for example have just diluted but only 10% and stock fell below the issue price.

if u look at the monthly chart we're playing out the pattern of the earlier £6 to £12.50 rise...even with the dip to £8.20 today......