Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
A lot depends on the latest data this week. The good news today is that the UK economy grew by 0.5 per cent in October, slightly better than forecast. If inflation shows any sign of reducing tomorrow, this may encourage the Bank of England to soften its stance on interest rates on Thursday.
A further reduction on the 8th December of 0.12 per cent by two funds. The quoted total figure now stands at 3.35 per cent but this is only the funds holding short positions above 0.5 per cent, so assume it is a little higher. The point is that funds appear to be decreasing rather than increasing short selling in EasyJet.
To put that into context Livestock, UBS raised the target price of EasyJet to 600 pence from 565 pence with a buy recommendation three days ago ! It makes you realise that these brokers haven’t a clue, just like us !
Agreed Willy63 but three days ago UBS raised its target price of EasyJet from 565 pence to 600 pence. It makes a mockery of broker forecasts that one broker can be forecasting 250 pence while another, in fact two are forecasting 600 pence. Why when one forecasts 600 pence does the share price barely move but another suggests 340 pence and the share price promptly falls towards that level.
Wizz Air, Jet2 and IAG all up between one and five per cent. Is this share price drop more specific to EasyJet ? Very disappointing. Well done to those who bought early but is this the end of the slide ? I hope so but fear not.
Another thoroughly miserable day for the share price of EasyJet not helped by the Border Force announcing plans to strike over Christmas and new year. The good news is that short positions continue to reduce. Schonfeld Strategic Advisors LLC trimmed their position by 0.9 per cent bringing the overall amount of shares on loan down to 3.45 per cent. The share price has been in a down trend since the middle of November, no sign of a Santa rally, maybe he has decided to go on strike as well !!
The number of shares out on loan has reduced further :-
https://shorttracker.co.uk/company/GB00B7KR2P84/
OPEC + meet virtually on Sunday 4th December to discuss output. The decision from this is more likely to impact oil prices, not the Russian oil price cap. To suggest I am playing dumb is beyond your judgement as you do not know me. Please refrain.
Not sure I agree with you there BUYSELLREPEAT. Negotiations for the price cap have been going on for days, the market will already have anticipated this cap of the Russian oil price. Russian Urals oil was trading earlier in the week at $65-70. The price cap that has been agreed is $60. This process has been enforced to reduce Russian income and reduce volatility in the global oil price. If anything I can see the global oil price falling particularly in light of the fact that oil production in the US has reached the highest level since March 2020.