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This sell off may be damaging to our wealth but surely the more serious issue has to be the rapidly developing Russia China alliance. This could be damaging to our health. I’ll share that taxi to Beachy Head Bobbins2.
So our economy grew a little last month because children actually went to school ! Unbelievable ! But our share price will still take a drubbing today because some badly run middle America bank completely unrelated to us and our economy is in trouble.
Luis Gallego has a history of talking to the press when he is able to. The September 21 article in The Times reversed a serious share price slide motivated by fears of an impending rights issue. This weekend would be an opportune moment for Mr Gallego to release one of those share price reversing articles.
There is nothing worse than watching the value of your investment decline for no apparent reason. By contrast Qantas is up over seven per cent this week and now stands at $6.53, three cents above its price prior to releasing half year results ! I now wish we had recorded a thumping loss before tax like EasyJet did, we would have been threatening the two hundred pence mark for sure !!
Excellent results from Qantas but their share price was down by 6.08 per cent overnight. I think that confirms the direction of travel for our share price today and tomorrow. I think we needed to release our final results at the beginning of February, the moment has been missed.