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Ftse futures currently sub 7000 so holding 216 out of the question. A bumpy ride ahead.
Ftse and Dow futures showing a small bounce around 0.6% so maybe rationality has returned. Travel restrictions will still have an impact but not the drop that could have occurred. Maybe the positive reports coming out of Africa over the weekend about mild symptoms.
Has any variant been more evasive against the vaccine? Or our herd immunity for that matter. Boris can’t say this of course, all politicians have to play it safe. We just have to wait for the bottom or just after, lose a little upside instead of buying early and dealing with the extra risk.
If it goes sub 200 I’m in for a few more! Uncertainty is the biggest killer for the SP, and this weekend the media is going to supply plenty of it.
I’m resisting any top ups as this could easily dip, along with other transport shares, on covid woes or media hype.
Beware the media in need of a story. Run up to Christmas is perfect for a “covid crisis, is Christmas cancelled?” type of narrative. Remember the run on petrol stations, completely and utterly forgotten in a week.
in the city of London, went into a spoons opposite the Tower of London around 5pm and no tables available- they have over a hundred I think! So we walked into the city more to a larger spoons and we only got a spare table right at the back in a small room that had been opened up! Had pizza and fried chicken plus two alcoholic drinks for £20, no complaints about any of it, and better than many places charging more especially in that area.
The city of London is normally quiet at the weekend so that is very encouraging, people are keen to get out. Office workers are still staying away for now, why commute if you can wfh? but this will slowly change back to normal to a large degree (but not totally).
The west end was heaving in comparison, good atmosphere too plus lots of Christmas lights. Think the future is bright ahead, as opposed to all the doom and gloom of previous months so will hold for sure, may still be some bumps ahead to ride out. All IMHO.
Another extension announced, till 14th December.
Odey “increasing a long position” in latest RNS promising too.
If negotiations don’t go down to the wire these days people wonder if they bargained hard enough. So no surprises if we do have to wait.
Tim knows how to get a bit of publicity https://www.google.co.uk/amp/s/www.standard.co.uk/business/wetherspoons-slash-pint-price-99-pence-november-inflation-b962700.html%3famp
They certainly seem busy, I occasionally go in one or two ;-) really keen to see what trading is like without restrictions. Got the impression that being open but with limited numbers, drink with a substantial meal, early closing it would have been better to stay shut from a profit perspective.
Whilst it’s going to be a long haul NEX was a great business in the years running up to the pandemic. Some change in behaviour to travel less is to be expected especially with a rising cost of living, but NEX is in a great spot for this as it’s likely the cheapest and most reliable form of transport going.
Another period of uncertainty, will always hit the markets. Will the vaccine put the brakes on deaths rising when cases rise? (cases will rise for sure), the world is watching the U.K. on this.
I believe the vaccine has broken the link but place your own bets yourself. GLA.
My first thoughts are that people have to travel to some degree and NEX caters to the budget traveler, contracts for school transport etc so it should be a positive here, or at least more positive than most.
The chef from the Michelin star Indian restaurant seemed impressed with the curry - if it stood up to his critique then that’s one reason why Wetherspoons is so successful.
Overall it was a very balanced piece- a rarity for TV these days!
There’s definitely more to the tempus article- it mentions the opportunity to acquire real estate given that some smaller brewers/independents are having trouble surviving. The bbc are now covering this too https://www.bbc.co.uk/news/business-57398044