Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
That's because they were not expecting the tremendous growth in covid cases , I don't think anyone did. Its very easy to look at things in hindsight and comment
for me it seems likely that investors are sceptical about leisure demand next year
Rep - in this environment it doesn't matter how good numbers are if nobody has strong risk appetite
Happy new year everyone
Think I won the poll at 1.25 !
Anyhow try not to stress, I'm positive IAG gains good momentum from Q2 onwards. May be some index wide pain in Q1 with earning outlooks from the broader spectrum weighing curves down - but at that point its mostly priced in for nice lift off in Q2 and beyond
175 million people travelled to China for tourism In 2019 , grown year on year since 2014. Its an 11% contribution to GDP. Suggesting there is little Chinese tourism over the last few years or that it doesn't matter is not true
It's not about what China wants , have you seen the riots ? They have had to ease because people are going beserk and their GDP is at risk. The reality is that if covid ends up spreading everywhere again Airlines will be the ones that get the stick, already some countries are thinking about travel restrictions. That being said it seems with more vaccinated people in Europe it may not be a repeat
Obviously tourism authorities and travel agencies are trying to lure as many people as possible , it really depends on the rate of this spread.
Confirmed covid cases have surpassed 4 million in China.
Not to stir up the political view pot but with Russian oil and gas premiums now largely collapsing , it will be interesting to see how long the war goes on
Just speaking on observations we have noticed on the trading floor
- q1 risk premium has largely collapsed, for example Jan 23 French peak power were above 1k euro/ mwh , that's more like 200 euros now
-high demand destruction across both UK and European markets on both gas and power. Europe actually had one of its coldest days 2 weeks ago and it managed this fine , some borders had long balances in power actually
- LNG is the new sexy. To replace Russian gas , tons and tons of LNG deals have been made , long term this is actually good for energy security , much more diversified sources.
My only concern is that Europe/UK are price taking with LNG which we will have to pay the price for. They need to eventually be more competitive
Just sit tight, no one's going balls deep In riskier assets right now. A lot of big cap name charts looking like crypto charts lol. Generational buying opportunities if you have the PATIENCE.
Iag could also be a nice divi stock if you buy down here and hold it long enough
Looking like I'll win the poll , 3 days to go !
Shouldn't be a surprise , the UK is also preparing yet another war package as well
Game on ! ;)
Looks like im gonna win this one , 1.25 ;)
It's a junk stock , wouldn't touch it with a 10 meter pole :D
Fair enough emerald I'm sure you'll be printing back end of next year but I have to ask...cineworld ? XD
Skindle whilst there is certainly a broader influence from US performance , economically the UK is in a far worse off situation than the US. Why would UK bourses perform at a premium ?
Emerald you have a nice stack but if that's your portfolio it's balls deep travel , consider diversifying a bit more e.g aviation creators
From my bloomberg terminal:
Jet fuel demand is continuing to build momentum heading into the Christmas and New Year holidays. Passenger flight schedules for Dec. 20 to 26 imply global jet fuel demand will come in at 5.46 million barrels per day, which would be a 6.3% increase versus a week earlier and mark the third weekly increase in a row. All regions around the world are on course to see growth, although the uptick is set to be led by Asia Pacific, where demand is on track to jump by 8.9%.
This Q4 and start of Jan is looking pretty robust for airliners. There's a nice report on BBG but I can't share it
Indeed livestock , I think you'll find even if Q1 ends up being a good passenger number quater, this sp may struggle due to broader market weakness. We already know q1 numbers for some of giants are going to be dissapointing. Nothing to worry about, just have more dry powder ready ;)
Recent dip ? Idk maybe because the ftse was down like 1.5% and almost every sp was in the red ?