The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Bobbins2, a happy new year to you, pleased to see that you weren’t a jumper over Christmas and new year. Sorry I didn’t make it to your pubs, assume you don’t live in that neck of the woods now. Some interesting stats to start the year. American Airlines currently operate 953 aircraft with a market cap of $8.47b. Iag operate 558 aircraft and have a market cap of £7.20b.
There is no safe level to buy at with this share currently. This drop in value was almost inevitable given our significant rise last January. The question is how far will it slide before the bigger investors step in to turn it around. Maybe GLG saw it coming.
I recall January 2023 with much affection. A nigh on fifty pence rise in four weeks to 173 pence but that turned out to be our high point for the year. The stock market is very perverse and rarely likes to repeat itself. Let’s hope we don’t suffer a reversal in January 2024.
You are the solution Bobbins2. When they had you in their employ and they chose Sean Doyle above you is inexplicable. The BA website is still dreadful despite Doyle claiming to have fixed it a while ago. The man is a total dreamer !
To discover the route cause of corporate and personal value destruction please follow the link below -
https://www.gov.uk/government/organisations/hm-revenue-customs
Crikey, I hadn’t realised how wildly inaccurate J P Morgan were with their RR forecasting. The RR share price was already 156 pence when their forecast below was released. We will endure a poor day today but my guess is we will bounce back tomorrow.
09-Mar-23 JP Morgan Cazenove Underweight - 70.00
Saxman393, this has little to do with the small investor, this is about pension fund/large scale corporate investors. Pension fund/insurance company investment in UK listed stocks has fallen to an all time low. The DAX in Germany recorded an all time high today. Where is the value of the FTSE 100 ?
The TUI announcement this morning confirms to me that there is nothing much wrong with most of the constituents in the FTSE 100 and 250, it is the stock exchange itself, or more specifically the current government taxation policy that is discouraging investment from the corporate investors. This dreadful government of ours is destroying any chance we have of our investments growing in value.
Despite a specific pledge by the BA chief executive Sean Doyle, their website is still as dreadful as it was three years ago. I’m surprised at how BA manages to sell seats on aeroplanes using this ponderous piece of outdated rubbish.
This article highlights the reason why the London Stock Market continues to under perform -
https://www.telegraph.co.uk/business/2023/12/01/london-stock-market-structurally-broken-warns-broker/