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Marble Madness - thank you for posting that link - I'm a bit of a techno phobe so don't really know how to do that. It's interesting, I've looked at what he's saying this morning about covid and he reckons any vaccines that haven't already been sold will never be used - I really hope he's right about this.
Gavinship - my exact words were "could actually be the beginning of the end of the pandemic" so if you're going to quote me, please quote correctly.
Yes, UK scientists are more concerned about things - yet other countries aren't reacting in the way we have. The estimates that are being thrown around are worst case scenarios and the actual data coming out of South Africa shows that the actual severity of the variant and the death rate compared to Delta are significantly lower than the Delta variant - researchers are actually stating that they think the peak of omicron has just passed when compared against Delta. In addition, history has shown that as a virus evolves it gets weaker as Spanish Flu just became flu - so yes, fingers crossed if the researchers/analysts in South Africa are correct, and the same variant sweeps across the world, then hopefully it will be the beginning of the end of the pandemic.
I would say your last comment is rather condescending.
I fully understand the implications of covid, the impact that it can have not just on the travel/leisure industry but the impact its also having on the supply chain. It's only time that will tell whether the researchers in South Africa are right in their assumptions and for the good of mankind I can only hope that they are.
I haven't said anything about the share - I've just counteracted your scaremongering. Yes, at the moment the Delta variant continues to kill people, but as has been stated by people that have contracted the new variant both here and South Africa and probably many other countries, the symptoms aren't as severe, the death rates are massively reduced as are the hospital admissions if you believe what South Africa are saying about it - so if omicron becomes the dominant variant that signals the end of the pandemic which I don't expect suits your agenda.
Which, according to data out of South Africa over the weekend won't be a bad thing given that the strain is showing that it is mild which will effectively end the pandemic - good news at last!
I know this is twitter and not everything can be believed, but there's someone called pieterstreicher who is supposedly a research associate at the University of Johannesburg that has been tracking the moronic variant and he is stating that he believes the virus has "peaked" there now and due to the mild symptoms it could actually be the beginning of the end of the pandemic because of that - let's hope some of the scaremongering that's going on here stops soon and more "official channels" come out with the same conclusion.
For anyone that didn't watch the interview (which I found quite interesting), the guy was saying there's only been a 10% improvement in the supply chain since early October and all aspects along the chain are stressed - container costs are 10 times what they were and he doesn't see things sorting themselves out until at least Quarter 2 next year.
I was watching Bloomberg earlier on - they were discussing the supply chain issues and were at a dockside somewhere in Los Angeles I think - the only people on the dockside at the time were the reporter and cameraman (although it was early hours of the morning there I think), but what they were saying was that whilst some deadlock has been eased with some of the container ships, there's still a lot way out to sea waiting to dock - they can't because the ships can't get unloaded because there's not enough people working on the dockside and whilst they are saying its a 24 hour facility they just can't get the people to man it. Bloomberg have said that these supply chain issues could go on for another 6 months yet until all the backlogs clear, and considering ASC don't want to pass increase costs onto the consumer, there is a risk that they share price could go even lower yet.
Bloomberg are interviewing the head honcho of the Los Angeles docks at 4.30 so that should be an interesting watch.
Interviewed the CEO (is it Mookie) last night - was very positive about people returning to cinemas - you'll probably be able to watch the interview on Bloomberg.
I have to admit I'm quite confused as to why the share price has risen this morning - covid cases have risen quite considerably in South Africa and hospitalisations have increased, mixed messages are coming out from the Government in respect of the virus and there seems to be a bit of a panic mode in respect of vaccinations so I just wonder what is really going on.
My intention is not to scaremonger so apologies if it came across that way - I was just relaying what happened in the States last night and in fairness, if they sneeze, we normally catch pneumonia.
That the AWS announcement isn't until after our markets closed - probably given the market a perfect excuse to drive the share price lower and for some to get in even cheaper.
If you could report back later that would be great. I have a cynical mind and I wouldn't be surprised if the RNS this morning lacking any information was deliberate - knowing that the share price would be hammered and allowing some to get in cheap - I hope that turns out to be the case :-)
I said earlier I was expecting another announcement but from the States - disappointed that it wasn't at 1.00 as I thought that's why the conference call was timed for 1.00 rather than earlier in the day - it's funny that the lowest share price was just before the call started so something tells me the MM's may have dropped the price expecting the news - fingers crossed for a good day tomorrow then.
To me the sell off today is a result of this mornings RNS - people are disappointed with its content (or lack of) which I quite understand. What I don't understand though is why issue the RNS this morning when they already "dangled a carrot about news in the conference call", and how come its timed for 1.00 UK time when US companies tend to issue their regulatory news - seems strange to me.
I wonder if the shorts will go for the jugular later this afternoon - I always look at the charts here to give me an idea of the range the share price may trade and the bottom of the graph today has changed to £23.50 - that's close to the £23 bottom it reached a while ago.
Perhaps the online companies have a finer profit margin than Next - I have to be honest I've been completely confused at the share price action here and have just been looking for potential reasons to justify the low price - maybe a turnaround will happen some time this week - it's certainly overdue.