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Slow growth in China. Tumbling iron ore prices in the last couple of months. The pending demise of Evergrande ($ 300bn black hole) which is one of major consumer of steel (iron) and the contagion effect.
These factors are constantly adjusting hence Anglo is affected.
It is possible to get trades to happen after hours. Market makers can agree a price to mop up unsold shares brought to the market. You may need to read more on UT ( uncrossed trades).
Seems they burn at least £150m per week. With Furlong ending that figure needs adjustment. However the biggest worry is debt which exceeds £10bn.
Guessworx: my average was 172p bailed out 139p
At a huge loss -am out.
My reasons being I don’t see anything positive between now and 5th Nov( next trading report).
Speculation pending RI is driving sp down
If RI confirmed it will plunge.
Days after RI will keep going down( like EZJ)
Above all couldn’t afford another sleepless night.
Will probably come back
Best if luck ,
Chances are they may delay RI until Dec hoping resumption of transatlantic flights( if the 10.5bn can stretch that far)
The only issue is if they don’t calm the market speculation, they will be forced to do a 50p RI as the share will be hovering around 80p by then. Whether I’m right or wrong they need to say something ( preferably today).
Credit Suisse sees increased risk of a RI despite the 10.5bn reserve. Was hoping IAG would issue a statement rebuking this statement to bolster sp.
If it’s all about the RI, why AIG trading lower(down 3%) than EZJ ( which has confirmed RI)
Does anyone know who is offloading the uncrossed trades happening after hours( for the last few weeks)
What could be reason for offloading millions when the share price is low?
Am sick of buying High, selling Low. This time will hold or will I?
What do you think now?
The percentage of Old mutual assets are in that country are near neglible. Old mutual has adapted dealing with Zimbabwe over the years
What’s the current debt levels?
I lost in 17 of the 18 aim companies.
If I have spare change- I now buy doughnuts.
I believed my instincts, sold at a loss 2017
RNS was a polite warning of the sinking ship. Over the next quarter, chances are it will slowly drift to 0.1p except in the unlikely event of permitting.
We might not agree with him(rightly so) but if I took his ‘deramping advice’ in May, I would have had opportunity to sell at 1.15p. In this game- you never know where helps comes from. I listened and believed foward looking posts-here I am nursing 40% wound (and that’s after averaging down).
Have learnt a lesson.
Unless Certification is ‘imminent’ we will very soon see 0.5 or less. Consider selling 50% and back 2/3 weeks later.Don’t be caught pants down though!
Puddy:Thanks to ffr.
Meals on the wheels
Snug in my Council flat 17th floor
Thanks to you(tax payers)
That’s the life I was handed for putting my eggs in FRR.
I used to be time conscious , now sunday or monday makes no difference as I hold tightly to my 2L apple cider.
watching Frr from sidelines, enjoying my meals on the wheels. How are you?
This reminds me of last years when I hesitated to sell till 0.06p