Member Info for nomlungu

Another scary Bllomberg story:

'potential for negative physical prices in some areas because of a lack of storage'

https://www.bloomberg.com/news/articles/2020-03-19/how-low-can-oil-go-traders-see-crude-prices-heading-below-20?srnd=premium-europe

My understanding is that the nominal value of TRX shares is 0.5p; a Company cannot issue shares at less than the nominal value.

Will a consolidation be required? If so they better get a hurry up if issuing shares is part of the recapitalisation plans.

'Old malaria drug hydroxychloroquine may help cure coronavirus: study - New York Post·4 hours ago.'

GOV.UK banned the export of this compound on the 26th of February. You can still buy it from travel clinics...

'Excellent' news for banks?

https://www.bbc.co.uk/news/business-51962982

Not good:

https://news.sky.com/story/top-shop-owner-demands-new-rent-cuts-amid-high-street-crisis-11960291

HBO Trailer:

https://youtu.be/GLi7cNAJKA8

I misread the BBC Article. Nonetheless, they are unable to fulfill the growing demand at the moment.

Gioviano55020,

In 6 days the share price has gone from £10.50 to £14 because people were turning to deliveries. Now the delivery company is suspending deliveries. I say it is bad news and you say it is deramping.

How can the 33% increase in share price be justified if the company suspends its delivery service? The market will makes its mind up...

This is BAD! "Coronavirus: Online shopping website Ocado suspends service"

https://www.bbc.co.uk/news/business-51941987

Suggestions - bio-tech involved in rebuilding food chains after Swine Flu.

JCS are offering free access until the end of April (JCS is an education resource portal). Not my cup of tea but may be of use to anyone who now has family sent home from School. Links, usernames and passwords as below:

https://jcsonlineresources.org/free-access-march-april-2020/

Theosus,

'All high street banks will be in the same position' - precisely, who wants to be invested in a bank in a recession?

'running a bit ahead of yourself here' - when I liquidated my portfolio in January some thought I was over-reacting.

Sometimes it is better to run ahead of the pack instead of following the hounds.

bigsmoke,

Amazing reaction - a lockdown stops a run on the bank - what confidence you 'investors' have in the share. And, as usual, the share price is down again.

So how do Metro's Customers go to their local branch if there is the expected lockdown? Will COVID be the final nail in Metro's coffin?

When I posted that Cheltenham should not have gone ahead last week I was ridiculed by some. I posted at the time that those who made the decision to seek herd immunity would not be held to account for their arrogance.

No apologies from them yet - misfeasance in public office comes into mind.

Brent - $25.50
WTI - $22.50

The markets are going crazy.

I am back to break-even... What a shame.

C7,

'do I just self isolate?' - probably a good idea for now. I decided a walk in the park was a good idea and was surprised by the number of dog walkers chatting amongst themselves and petting each others dogs. The social distancing message is not getting out well enough yet.

PS - pity that live lobsters cannot be canned... but they do make a great curry if they get cheap enough.

Is this a taste of what a 'hard' Brexit could deliver?

https://www.theguardian.com/business/2020/mar/18/coronavirus-severe-shock-to-uk-fishing-as-markets-dry-up

The only silver lining I see is that Beef Fillet tends to get much cheaper in a recession as people change their protein inputs to Pork and Chicken.

It just gets bleaker:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14466851.html