The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Woodstock, i agree - one of my biggest concerns is a run on banks - whilst they all generally meet liquidity margins, there is nothing to protect them in the event of a sudden run. If anything it would begin in SE Asia IMO and then a matter of how much contagion gets translated across to EU and US. A real and present danger.
and with his track record he is isnt even good at that
SK, myself and others have been saying for years now - this is the wrong man for the job - move along TD and lets get a proper CEO who can drive this ship properly. Seriously, you never let a CFO run a company - well successfully anyhow
I would like to say i told you all so . . . its back in the 30's as predicted but as usual, TD has royally screwed all SH's once again for simply sitting anf waiting. Kraken hit the nail on the head again earlier, why announce it and then do nothing and leave the SP languishing to the peril of the MM's -
. . .and PMO
Asia cratered over night - down betwen 3 & 4%!
Stoxx 600 not looking too bright also and US futures also down - maybe i will get that low 30's buy in after all - dead on 40 now, a close below 40 will be a sign of things to come IMO -
Frankly we need this - just get the correction over and back to fundamentals and technicals -
and FFS TD, please tell us your plan for RI - get this priced in now before telling us when in a correction and making it twice as bad - this guy just never learns
Kraken is cracking :) i was there in your shoes, several years ago - TD is the most frustrating, misplaced CEO for this company. I am with you, until he is replaced this will always be a trader -
why do you think its one of the most shorted stocks (even preARCM), most volatile, most unreliable, most used and abused by the MM's - you can really only point the finger in one place and thats the lack of leadership, SH value creation by Tony himself.
Said it so many times before and will say it so many times again - its what i believe and why i trade PMO the way i do - there is no logic to its SP performance and always full of horrible surprises - get Tony replaced and this could be one of the best performing oilies in the FTSE
Rookie, really ? Who is up to tricks - it seems your trying to perform one buying at 48p and adding more to a dropping SP - rather you than me
Maverick you miss my point - PMO is debt laden, has a market perception of being the FTSe's whipping boy for MM's, RI, covenants, Zama - so so so many uncertainties, its not arractive to buy - would you ?
Its like buying a second hand Ford at auction - it looks ok, runs and is cheap but its bound to cause problems and dissapoint once you got it home:)
inittowinit - thats a loaded question - the answer would be in the offer price and considering todays SP, our current productions versus debt levels, pending asset purchases, debt covenants due in Sept, Zama sale in the balance and an oil price teetering at a possible break-even of 40ish, you might be lucky to get someone potty enough to swing a low ball offer IMO
However, IMO, i dont see any of the big boys buying anything in this climate - it would be madness for them to add assets, barrels and production in a global economy in / facing what could be a protracted recession. Take a read of that article i posted earlier, the likelihood is the majors will cut dividends, forecast slashing capex and opex further, layoffs for sure so to put new purchases to their SH's /BOD's would look slightly insane ?
ARCM makes a good point -
The simple matter here is our esteemed leader - he knows (presumably) what he is going to do for the RI, so sit down with your IR team and work out the nicest and least painful way to spin it and then tell everyone. At least this way there is a market reaction and it gets fully priced in and then we can look forward instead of constantly looking down the barrel of a gun.
Tony, please remember your most important responsibility as a CEO is to return shareholder value - this has been languishing, thrashing around the 50p to 150p range for bleeding years, get your finger out and get this sorted please as any responsible CEO would. Then we will all pile in (if you dont screw it up).
Hey Alpha - i did a one day trade - dont like this market at all, its not following any convention.
US unemployment just came in worse than expected, so we expect markets to fall but considering action lately, they will probably rise !
Rookie - i agree, its general nervousness in the whole sector and with the massive increase in cases in the US.
If i remember correctly, PMO was at about 52 when Olivia was sub 40. Now its at 44/45 and we are at 41 -
is the assumption for days rise related to that news? Hopefully not another pump and dump
Kraken, sorry i just dont see that - with the RI in the wings ?
Spot on Malafuster
in Houston - this is esclating to a point its starting to look ugly - Trump is adamant he will win this BUT he wont !
Trouble is that the US market is on steroids so regardless the bad news it just keeps pumping higher BUT i feel those days are very near an end - some short term trading opportuinities BUT i want to be totally in cash end of every day from now on, until the correction i predict occurs
Why mad Kraken? Ok the way i am looking at this is trying to weigh up the negatives and the positives for PMO at this moment and in relation to the price and position of Oil and macro-economics.
IMO we are on the cusp of one almighty correction, IMO resulting mainly from wildly over extended valuations based upon current fundamentals and what is now a worsening situation in the US related to Virus/shut downs.
What worries me the most is all this 'helicopter' money - its like monopoly, a trillion here and there USD's or Euro's - its being played ith like it has no value - i also see liquidity drying up so more helicopter money is coming - looks like another trillion or so USD's soon - does it all ad up to strong balance sheets for corporates, growth earnings potential and economies overheating and driving forward like a steam train - not from where i am looking - so in short i simply dont see this has much further to go before a massive correction.
All just my opinion of course
again maybe ? all looking like its on a knifes edge at the moment
thoughts ?