Member Info for volcano

Capital raise can be avoided
However, in a note to clients today, analysts at US broker Jefferies International said they did not expect Thomas Cook to need new equity despite its debt problems.

They said: “Although we acknowledge the risk, our central thesis is that Thomas Cook can avoid a capital raise.”

Meanwhile, some commentators also pointed out that Chinese billionaire Guo Guangchang could be looking closely at the UK travel firm’s situation, given that conglomerate Fosun International, which is part of his Shanghai-based group has a 12% stake in Thomas Cook.

Earlier this year, Fosun won approval from the Hong Kong stock exchange to spin off its tourism and hotels unit that includes French travel firm Club Med as it seeks to expand its travel business globally.

The company also has a joint venture with Thomas Cook Group in China.

Ferrexpo To Return USD40 Million Via Special Payout As Trading In Line
Thu, 6th Dec 2018 09:04

LONDON (Alliance News) - Iron-ore mining company Ferrexpo PLC said Thursday that it will return USD40 million to shareholders via a special dividend payment due to strong cash generation.

The company has declared a special interim dividend of 6.6 cents per share for 2018, versus 3.3 cents declared in 2017. The special payout will be paid on January 14 to shareholders on the register at the close of business on Friday next week.

The company said it has continued to trade as expected in the second half of 2018, with iron pellet premiums remaining at the high levels seen in the first half and strong cash generation enabling debt reduction and capital expenditure.

Ferrexpo continues to believe seaborne pellet demand to be strong in 2019 on the back of constrained supply.

Oil Prices Tumble Around 3%
Thu, 6th Dec 2018 10:34

WASHINGTON (Alliance News) - Oil prices fell around 3% on Thursday as panic gripped financial markets following the arrest of Huawei Technologies Co.'s chief financial officer in Canada over potential violations of US sanctions on Iran.

Global benchmark Brent crude fell 2.9% to USD59.78 per barrel, while US West Texas Intermediate (WTI) crude futures were at USD51.30 per barrel, down a little over 3% from their last close.

Stock markets across Asia and Europe fell, and US equity futures also tanked as the arrest sparked worries that trade tensions between the U.S and China will not be resolved anytime soon.

China urged Canada to release Meng Wanzhou and said it firmly opposes and strongly protests over such kind of actions, which seriously harm the human rights of the victim.

Traders are also digesting the latest remarks from Saudi Arabia's energy minister that a cut of 1 million barrels per day would be enough for OPEC and its allied oil producers.

There were indications that the influential oil cartel would curb output by at least 1.3 million barrels per day at today's OPEC meeting in Vienna.

Crude oil futures failed to hold earlier gains and settled lower on Wednesday after the American Petroleum Institute reported late Tuesday that US crude inventories rose by 5.4 million barrels in the week ended November 30.

The Energy Information Administration will publish official stock data later in the day.

no shares for me please all in cash for now .

UK markets
UKX
6,738.89
FTSE 100 Index
-182.95 (2.64%)
MCX
17,785.69
FTSE 250 Index
-485.41 (2.66%)
ASX
3,691.54
FTSE All-Share Index
-98.33 (2.59%)
SMX
5,290.81
FTSE SmallCap Index
-57.90 (1.08%)
AXX
893.63
FTSE AIM All-Share Index
-17.68 (1.94%)

donotpanic look around you ,today it is not a day to invest , keep cool and wait for dust to settle , it will. i have been here for twenty years and i have seen good and bad days .

this remains me DOTCOM era.

UK markets
UKX
6,735.07
FTSE 100 Index
-186.77 (2.70%)
MCX
17,830.19
FTSE 250 Index
-440.91 (2.41%)
ASX
3,692.01
FTSE All-Share Index
-97.86 (2.58%)
SMX
5,303.49
FTSE SmallCap Index
-45.22 (0.85%)
AXX
895.56
FTSE AIM All-Share Index
-15.75 (1.73%

Christmas rally NOT looks like Christmas toboggan. LOL

UK markets
UKX
6,735.07
FTSE 100 Index
-186.77 (2.70%)
MCX
17,830.19
FTSE 250 Index
-440.91 (2.41%)
ASX
3,692.01
FTSE All-Share Index
-97.86 (2.58%)
SMX
5,303.49
FTSE SmallCap Index
-45.22 (0.85%)
AXX
895.56
FTSE AIM All-Share Index
-15.75 (1.73%

UK markets
UKX
6,735.07
FTSE 100 Index
-186.77 (2.70%)
MCX
17,830.19
FTSE 250 Index
-440.91 (2.41%)
ASX
3,692.01
FTSE All-Share Index
-97.86 (2.58%)
SMX
5,303.49
FTSE SmallCap Index
-45.22 (0.85%)
AXX
895.56
FTSE AIM All-Share Index
-15.75 (1.73%

UK markets
UKX
6,735.07
FTSE 100 Index
-186.77 (2.70%)
MCX
17,830.19
FTSE 250 Index
-440.91 (2.41%)
ASX
3,692.01
FTSE All-Share Index
-97.86 (2.58%)
SMX
5,303.49
FTSE SmallCap Index
-45.22 (0.85%)
AXX
895.56
FTSE AIM All-Share Index
-15.75 (1.73%

don't panic Mr. Mainwaring . LOL.

The company said it has continued to trade as expected in the second half of 2018, with iron pellet premiums remaining at the high levels seen in the first half and strong cash generation enabling debt reduction and capital expenditure.

yes i would like to get back in at 150p but we will see.

Any buyer out there should be prepared to stomach the 450 + debt ,i am waiting for trading bounce.

yes i am in and out with nice profit, time for a cup of tea and toast .

i don't think so ,31p now

i will be watching till 9 o'clock , then i make my mind up, rest of the markets look bad again.

Thomas Cook shares bounce higher as talk of a possible fund-raise fades, vague Chinese interest chatter

34.72 p

Alliance News

Oil Exporters Mull Supply Cut Amid Internal OPEC Rifts And US Demands
Thu, 6th Dec 2018 06:51

VIENNA (Alliance News) - Oil ministers from some of the world's biggest petroleum producers meet on Thursday and Friday to discuss an output cut to bolster prices, as Middle Eastern tensions and US demands for cheap oil add a political dimension to the talks.

The Organization of the Petroleum Exporting Countries is mulling a reduction in the region of 1 million barrels per day, which would take about 1% of global supplies off the market.

Ministers from the 15 OPEC countries meet on Thursday in the Austrian capital. A Russia-led group of 10 additional countries plan to join them on Friday.

Together, the 25 so-called OPEC-plus countries have been implementing an output cap since early 2017.

However, there has been a dramatic price drop from USD86 per barrel in October to below USD60 last week, triggering a move towards a further reduction.

There is a "yes to a cut" among oil exporters, Oman's Oil Minister Mohammed al-Rumhi said on Wednesday evening, adding that specifics still need to be discussed.

US President Donald Trump tweeted ahead of the Vienna talks that "the World does not want to see, or need, higher oil prices!"

Saudi Arabia, OPEC's largest producer, has tried balancing the interests of its US ally and other major oil consumers on the one hand, and its need for higher oil revenues on the other.

Saudi Arabia's disputes with rival OPEC members Qatar and Iran have created rifts within the oil cartel.

Qatar announced its exit from OPEC this week, while Iran has complained that Riyadh is colluding with Washington to enforce the US embargo on Iranian oil.

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