RE: Another day of disaster, the board has to go13 Dec 2023 02:05
cheat
keep it real mate, the board wouldn’t risk insider trading before an announcement, all of which would be made public.
the problem here isn’t the board, it is the index in which aa is listed.
it’s becoming evermore common place for uk shares to be smashed when making trading updates - even when those updates exceed market expectations.
whereas once you needed a global event (such as the financial crisis or covid) to smash a share, a market beating trading update can smash a uk listed share now. this only happens in the uk. our markets are in the straitjackets of a cartel of hedge fund, broker and market makers who run the market, with the sole object to make it profitable to short.
this is specific to the uk
in 1999 the ftse100 hit 6950
in 1999 the dax was 5000
the dow was 8000
now
ftse 7500 - up about 8 percent
dax 16800 - up over 350 percent
dow 36600 - up over 450 percent
does it really make any sense to trade uk shares based on that performance.?
my view is the uk has some great companies, but instead of treasuring our most valuable companies, like other developed markets, the uk market makers sole objective is to smash the valuation of every uk listed company. and they have succeeded in systematic value destruction and decimation.
that’s why uk listed shares trade at all time historic low valuations, and trade at a huge discount to their peers.
and did anyone notice on monday - the cac closed higher than the ftse for the first time in history.
i propose every uk investor demand an investigation into the way uk markets are run. if someone can set up a poll and enough people reply the government is obligated to debate it in parliament.
it’s just not right that every share should get smashed, quite often on innocuous trading updates, or even on rumours or other such pretexts.
aa has the misfortune of being solely mired to the uk. the manipulation and value destruction the uk market has inflicted on aa over the past 3 days would be much more difficult to do to other miners listed in the index. because bhp has moved its main listing. rio is protected by its australian listing and would relist in au if the uk market smashed it. anto***asta is protected by chile. and glencore are protected by its swiss listing. it’s a sad state of affairs when even a mighty mining giant can have its value decimated by an index which is one hundred percent controlled by shorting forces.
in short the uk market profits from decimating the value of every company that lists here, whereas in other markets the opposite is true.
anglo american has been violated and abused by the uk market. it has fallen 26 percent (so far) on the announcement of a 4 percent production cut, implemented because of excess stock.
in september 23 -its market capital was £37 billion
now its £22 billion
it still has all the same mines, all the same assets.
it is still about the 5th biggest mining firm in
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