Caspian Sunrise Share Discussion Threads

[georgesorearse] 14/3/2020 13:15

Rutter the seller you hoped would get burnt the other day was wise selling all that stock ... few million by the looks of things ...

Capa you were right after they told you off it did hit 3p

The benefit of hindsight would be such a gift ehh ....

[rutter] 14/3/2020 10:50

I notice a DOW and oil bounce on Friday. Does that bode well for ya on Monday I can now join the ' smug club' as I bought a tranche at 3.42 yesterday Which helps my average down from 11.4 ?

[bwakem] 14/3/2020 09:26

Officially there are only 4 cases of Covid 19 in Kaz.

[davidblack] 13/3/2020 23:14

Let’s sue the pangolin that provided the species jump point?

[boredboxer] 13/3/2020 21:43

Sick & f____n tired of hearing about COVID 19. CHINA Should be sued for this 5hit storm they have created. Obviously tho b4 anybody replies suing em aint possible.

[pendragon2] 13/3/2020 15:18

Looks like Clive could enjoy his next trip to Kaz - just had this from the UK Government info service:

There is an ongoing outbreak of coronavirus (COVID-19) in China, some other countries in the region and elsewhere, including Kazakhstan.
Travellers arriving from coronavirus-affected countries, including the UK, will be subject to health monitoring on arrival, and mandatory follow-up measures aimed at preventing the spread of coronavirus. These measures may vary according to the severity of the outbreak in the country of origin, and could include: daily health monitoring by telephone call after arrival; health monitoring at the traveller’s place of residence, or quarantine in a hospital for 14 days. You should carry additional supplies of necessary medication and toiletries in carry-on luggage.
The Kazakh Ministry of Foreign Affairs website has further details in English. If you need further information about entry requirements, contact the local immigration authorities or the nearest Kazakh embassy. You should also check with your airline or travel company for the latest information.

[johnwalton] 13/3/2020 15:12

Red finish across the board.

Who wants to hold over the weekend!!

Cash is King and the bottom of the market is not easy to predict.

[xclusive2] 13/3/2020 13:24

Yep Pendragon, it will be huge. I'm meant to be at Drupa in Dusseldorf in June but i suspect that will fall victim too, bloody nightmare. Let's hope that these drastic measures is the right strategy v the UK current strategy which is delaying as opposed to containment.

We're in unknown territory and we've all got to continue in business. Remote working and online comms v ftf in my industry isn't nearly as effective but everybody needs to do their upmost to keep the commercial wheels going. I'm set up to function as efficiently remotely but the bit i can't control is my customers or potential ones to be able to do the same.

[pendragon2] 13/3/2020 12:40

The economic impact from all this is going to be enormous. Have just heard that all schools and kindergarten here in Berlin will close from Tuesday. Universities closed until end April and all conventions/conferences off until next academic year. Already concerts, clubs, museums and theatres closed (partly voluntarily as events become uninsurable), football off.

Trade fairs, Conferences and events of all kind planned into the summer are being cancelled, or delayed into autumn at the earliest. Ironic, that the first was last weeks Tourist Industry Convention the ITB, with 10000 delegates, which meant empty hotels across the city that are not going to fill up. In Leipzig last week, the Book Fair, 240,000 visitors and some thousands of publishers, was called off at short notice.

These kinds of moves fall in particular on freelancers and small firms who are unlikely to recoup lost business anytime soon.

For a city of 4million people heavily dependent on services, this will cut deep into the regional economy, over and above all the general question marks about the German economy and its over dependence on advanced versions of outdated technologies like car-making.

If these reactions are typical of a prosperous economy, what of cities with poor sanitation, overcrowding and no universal health care (hmmm Cairo, New York,).

We may eventually be very thankful Caspian's operations are in such an isolated part of the world.

To be honest I don't see Clive and the barge as a convincing Noah plus Ark.

[rutter] 13/3/2020 11:15

Looks like the ftse is clawing it's way back to double digit gains today Bought some more, but didn't quite get the bottom

[dhb368] 13/3/2020 10:54

Forget the £1 party. I will be having one at 10p!

Went against my better judgement and added CASP (with a tight stop) and JAY late yesterday.
Someone is selling JAY, I am hoping that it is just a forced seller.

[hallow] 13/3/2020 10:51

I'm only here for the high price takeover, or for Clive to finally tell us what he is sitting on.

Exciting times ?

[xclusive2] 13/3/2020 10:12

DHB,

Here, here.

I'm actually looking at the other 400 or so that compete in my space and i'd say 20% of them were already in trouble and another 20%+ with weak balance sheets. Huge consolidation coming up and this is where i need a supportive bank. If you run a poor or weak business, then unfortunately you'll go under but it's important that the good ones survive.

[control1] 13/3/2020 10:04

They chucked $1.5 TRILLION dollars (asset buy back) at it yesterday and the Dow STILL crashed 10%on the day.....Way to go yet...

[dhb368] 13/3/2020 10:01

Sounds like very difficult times Smarty.

I hope that the govt find a way to properly support all of the SME's out there. So many are going to lose a months+ income, which you can maybe survive if you are a 1 man band, but covering say 10 salaries, plus the inevitable bad debts and slow payers is going to break more than a few that are in debt.

They really need to push out Govt guaranteed working capital loans to SME's via the banks. They will lose some money but surely the cheapest way to keep the economy going is to LOAN to business rather than pay benefits to unemployed.

Boris, stop funding the 'markets' and simply offer a secured overdraft of say 5%-10% of turnover to SMEs!

[xclusive2] 13/3/2020 09:49

Like any crash, it's always darkest before the dawn and fear takes complete control. We all know the Buffet quotes and 2 of my favourites that are very true !

"Widespread fear is your friend as an investor because it serves up bargain purchases."

"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Travel sector is shot with many stocks down 60%+
Banking down 40%+, Lloy 42%, Barc 51%
Big oils - BP 52% / Shell 55%
Construction/Homebuilders - Barrats, Persimmon, TWimpey, Crest etc - 30-50%

There are LOADS of companies that are not punts, are wonderful companies that will recover, the liquidity is there to ensure that they will bounce.

We are now in the 'widespread fear' phase but this will hit critical point this month and the challenge will be to pick the bottom or near to it. If the companies have strong balance sheets, they will bounce and there are bargains galore.

[xclusive2] 13/3/2020 08:52

EB,

Should've done that ages ago, stable door comes to mind.

Control,

The market is pricing in the worst case scenarios. We all know the sectors that will be decimated BUT we don't know for how long this will carry on for. The governments will support the key companies that need saving as they did with the banks in the last crash. The key to this is the funding of the banks to ensure that they can support their clients through a temporary crash, the question is how temporary before we get the train back on the rails.

I'm very worried for my business but i'm not doom and gloom, i believe i can ride it through until August and i believe i will be able to pick up opportunity from the devastation. Our tech is manufactured in China, Thailand, Malysia, Japan and some in the States. The current issues -;

- Supply chain issues, no stock to sell, no parts or consumables - Q, for how long ?
- Our customers closing down temporarily, for how long ? Whether SMBs, Corporate, Commercial or Public Sector clients, can't do business if difficult to speak to people
- Deliveries - customers stalling installations, Can't book business of we can't deliver kit
- Servicing equipment - no parts to repair kit and customers pushing back and not paying

It's going to get worse before it gets better and the key question is can we operate with the virus in circulation. China have peaked and our manufacturing is back on full production so at least there will be stock ready to be shipped, the challenge will be any restrictions on shipping.

I'm looking at where to put my cash and looking closely at the really good companies. The huge travel companies like Royal Carribean, down 75% !! Will the stigma of the virus hitting cruise ships damage future bookings and deter the largely elderly client base from travelling ? The banks are shot to bits and they will ride it through but the big question is, how much debt will they have to take on.

Not ready to jump in yet but i believe that come mid April, the sun will be out, the feel good factor will kick in, we'll still have the virus but we'll know what we're dealing with and hopefully the light at the end of that tunnel is getting much brighter.

It's the old chin up, work harder, smarter and do everything you can to take advantage of the opps that come from it.

[rutter] 13/3/2020 07:37

Thanks for sharing your strategy Control . I'm confident that one day Casp will recover and thrive despite the frustrating slow rate of progress. I have transferred cash and will be averaging down big time when I feel the time is right. In the meantime I'm enjoying watching the carnage . Every point lower should benefit me enormously when I press the buy button Sorry if I sound as though I'm gloating I'm down exactly 75 percent on my Casp investment But one day it will all be over with Good luck you guys

[evilblues] 12/3/2020 21:00

I do remember when the pox was trading at 1.5p during the financial crisis. I put on a spreadbet, watched it go all the way to mid 20's then watched it come all the way back down to 4p again. Priceless.

[evilblues] 12/3/2020 20:57

To be fair we're at 3p so not much further south we can go chief!

[control1] 12/3/2020 20:47

I sold everything I had this morning and started shorting (not CASP) this has a long way to go yet and there is still the full economic impact to come yetMany small firms will go to the wall and plenty of profit warnings to come from the big boys, very few firms are safe (unless they make handgel) full on 2008+....

[evilblues] 12/3/2020 17:30

Utter carnage.

[xclusive2] 12/3/2020 17:28

Unbelievable volatility on the Dow

[xclusive2] 12/3/2020 17:26

Dow fighting back from 9%, now under 5% down. If it continues, those who bought last knocking could make a killing.