Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Think KUMS is referring to Comex futures prices - June gold price is currently around $1,745
It was the UT, see my previous post.
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB0031544546GBGBXSSMM
Have a good weekend all & stay safe.
Hopefully this & Highveld will both go through before results. GLA MOSCOW, March 20 (Reuters) – Russia's largest steelmaker Evraz <EVRE.L> hopes to wrap up the sale of its Czech unit Vitkovice in April, co-owner and Chairman Alexander Abramov said on Thursday. "We are hoping to close the deal before the annual financial results publication in April," Abramov told reporters at a business conference. He declined to name the buyer or sale price. Evraz, co-owned by Russian billionaire and Chelsea soccer club owner Roman Abramovich, bought Vitkovice in 2005. The Czech unit was put up for sale as Evraz seeks to cut capital expenditure and dispose of non-core assets. Its prospects were dented as oversupply, signs of a growth slowdown in China and stagnation in crisis-hit Europe sent steel prices tumbling from all-time highs in 2011. [ID:nL6N0I80H4] Evraz is also selling its South Africa-based Highveld mill. (Reporting by Svetlana Burmistrova; Writing by Jason Hovet; Editing by David Holmes) ((jason.hovet@thomsonreuters.com)(+420 224 190 476)(Reuters Messaging: jason.hovet.thomsonreuters.com@reuters.net)
Yes, let's hope so. In any case, it looks like LMI may be next in the firing line.
Let's hope so, we've certainly been waiting long enough! GLA
No, South Africa - they are currently trying to dispose of their interest. I've read other reports which say they hope to conclude the sale by the end of this month http://www.bdlive.co.za/business/industrials/2014/03/12/evraz-reins-in-losses-but-remains-in-the-red
I couldn't agree more, if I wasn't already in this trade, I would definitely be sitting out until I could see a clear reason to buy back in. Good w/end to all!
Thanks, but I already fully understand the principles of going short and would rather concentrate on this stock's upside, than make a couple of quid from the downside, but at the end of the day fully appreciate that we may have very different attitudes to risk/reward. ps where are all these short sellers who are buying back? They have certainly not been in evidence this week!
It seems I spoke too soon & I can see the panic sellers are back in EVR & ROSN; in fact, looking at the sector they're all over the Russian/Ukrainian based stocks. IG have not helped matters, a few minutes ago the spread was down to 0.1. It never ceases to amaze me why such a seriously oversold stock can be relentlessly driven even further downwards, when there is a plethora of overbought stocks to choose from. I only hope they're all in the overbought positions as well, so they'll know how we all feel when the correction comes!
Well done with EMG, I see you are on course to book more profit today with your remaining tranche. With regard to EVR, it's beginning to look like the panic selling over the last few days re: Ukraine has died down. Also noted that IG increased the spread earlier, which is usually quite effective in deterring sellers! As you know, I'm directly comparing EVR to ROSN (which I'm also holding), and there is much improvement with that position too. Hoping that things will get even better over the next week or so. IMO, it is unlikely that Putin will become too hawkish over the Ukraine situation for the following reasons, (i) Emerging markets are still suffering from the huge sell off last month and the further falls recently have been devastating (ii) RUR/USD near 5 year low and, (iii) It would entirely ruin the spirit of the upcoming Winter Paralympics, ie they're not going to spend all that money just to p*ss it up the wall! Regardless of what's happened recently, I still view EVR as a good buy. I did very well with EVR on a couple of buys last summer on the back of their dismal results, way before they commenced all the restructuring, so IMO again, it can only get better. It's just a question of keeping the hatches battened down for a bit longer! Looking forward to hopefully seeing you buy back in, in the not too distant future. ATB
Jack, sorry to see you were stopped out yesterday, the way thing's are going, it's just a matter of time before I'm stopped out too. Annoyed that the Russians & West aren't doing enough to ease the situation in the Ukraine & are only making matters worse, especially in emerging markets. I've noticed today that every time EVR starts to rally, there's another damning Ukrainian news report on MarketWatch that sends it spiralling downwards again. Hoping for some resolution to this mess some time soon, but as you know, it's never easy being contrarian! GLA
Have you seen this article? The price hike suggests that China may be starting to increase their demand again http://www.marketwatch.com/story/china-steel-raises-april-may-domestic-prices-2014-02-26 GL
IMO it's the events in the Ukraine that are really damaging the SP. Check out the SP for ROSN (who export oil & gas to the Ukraine) on Micex for a direct correlation