Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Brokers are forecasting 200-220 not 400.
All of what has been announced is priced in. We know about inflation, and we know the demand for flights was actually coming back strong until omicron impacted. There's a big dand for holidays coming up and employment is high so this idea people are spending holiday money to heat homes is a **** take. If ur on the breadline ur not flying anyway
I'm hoping any bad news is priced in at this point. 160 is bloody cheap when compared to last year when nobody was flying. I don't know what can come up that will eclipse the end of the pandemic (it seems) I imagine fuel costs are the only headwind short term.
Would imagine the sentiment changed at December lows and the support line will do just that. Broker forecasts suggest 20-30% upside coming. I suspect the SP will go sideways till February 25th then hopefully upwards of 200 around summer.
Oil prices compounded by inflation (caused by oil prices) are the real headwinds here I reckon. Any results positive or otherwise will likely come with a warning on fuel costs. I'm hoping Biden or opec make some announcements about controlling the rise in $/barrel. Hopefully the oilers get greedy and start pumping more, drive the price down.
Nasdaq looks to be opening very weak, difficult to predict any sort of movement atm. Its up and down constantly. Suspect we'll get dragged down here. If the market was in a better mood the broker target would have probably pusher us to 170.
LONDON (Reuters) -British employers added a record 184,000 staff to their payrolls in December, showing little sign of a hit from the Omicron variant of coronavirus, taking total staff numbers to 1.4% above their level in February 2020 before the pandemic.
Hopefully a positive sign for the economy long term.
The announcement in Scotland over the weekend is the bizarre statistics that the hospitalised are double and triple jabbed. They're struggling to understand it. Nobody seems to have thought unfortunately these people are old. They're frail, flu season is here and they're coming to hospital with or without covid jabs.
Reality has well and truly been rejected.
The antivax slur is a pre-conditioned media response. It comes from the maliable minds of those who thought by listening to the paid public funded marketing campaign, were doing their moral duty. The govt used behavioural psychology to control them and they are still in that place.
You don't need to think if youre enjoying a sense of moral superiority in your ignorance. (Paraphrasing Thomas sowell)
Probably what's holding this back. Oil at $85 thats going to directly affect profits. Hopefully the results show a good quarter and it'll be less of a head-wind... I think the fall in omicron is also lifting the price per barrel and we kinda need a divergence from that to really break higher. If we consolidate here it's not the end of the world till February.
The US has been switching out of tech and crypto for 2 months now. Moving out of riskier assets and into things with attractive multiples, Possibly why the SP here is a bit less exciting, general sentiment around inflation and slightly slower payroll data is making people fearful for a recession but were on the right side of the wave atm. Tbh I think it won't be as bad as feared. Some analysts are speculating the feds minutes released last week were more a "do our job for us" announcement and don't make us raise rates kinda thing. Its coming regardless but suspect inflation will come down as things get back to normal. (I hope)
With regards to IAG, inflation and oil prices are likely the drivers going forward, pandemic seems to be taking a back seat.
I'll never touch another AIM company as long as I live. They're rife with manipulation. There's always 1 fantastic story to the 199 horrors though.
I sold my holding in GGP for £15k profit and it would have been £1.4m first lockdown. You live and learn but I'd have sold well before that level anyway... but the nonsense they spout every time they need money to suck in investors is disgusting. Watched AAOG sucker its investors with promises on oil discoveries then the board walked away and left a shell. Crooks.
Omicron is a red herring, its ****all and we wouldn't have had a pandemic if this was the original varient, although community immunity might be responsible for the reduced severity. When the world starts waking up the SP will too.
I believe this is way undervalued and it's reflected in the Sp last year when things were more severe. I dont think big news is needed, Institutions are going to realise they can buy and hold this for a few years and be at 300 with a dividend restarting at some point down the line. Delta was upgraded last week by a broker to buy and I think for all the price targets are varied the consensus is buy airlines in recovery.