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[m1k3y1] 05/3/2020 12:54

loganair.......have you got any new information , rather than old news ?

[montyhedge] 05/3/2020 12:51

With all your posts I hope your short and making a fortune, otherwise your wasting your life.

[1 nhs] 05/3/2020 12:48

Here we go


AS PREDICTED, ( NOTE FORECAST LOSES HAVE DOUBLED IN JUST TWO WEEKS )







By Alfred Chua5 March 2020
Save article
Airlines globally could see lost revenues of between $63 billion to $113 billion in 2020, depending on the extent of the coronavirus outbreak, says IATA, as it labels the impact “a crisis”.

The association’s latest assessment is more than twice its initial estimate of lost global airlines revenues losses resulting from the outbreak, when it on 20 February estimated a likely $29.3 million hit to airline revenues globally.

The potential $113 billion revenue hit is financially on par with what the industry experienced in 2009, during the global financial crisis.

[1 nhs] 05/3/2020 12:15

Wake up and protect your family


The world has changed dramatically.

[applepieinthesky] 05/3/2020 12:14

The Ouch factor goes on 400 coming

[smithys2019] 05/3/2020 12:13

I never knew forum bots could be so... annoying.

I bet you never get a round in NHS!

[1 nhs] 05/3/2020 12:07

Just like your airline

[1 nhs] 05/3/2020 12:07

Continental AG Issues Dire Outlook as Coronavirus Hits Auto Industry

05/03/2020 11:23am
Dow Jones News

Continental (XE:CON)
Intraday Stock Chart
Today : Thursday 5 March 2020

Click Here for more Continental Charts.
By William Boston


BERLIN--Continental AG, which supplies auto makers with components from tires to computers for self-driving cars, provided a dire outlook for an industry that is caught in the grip of the coronavirus and a deteriorating global economy.

The Hanover-based company, which operates around 50 factories and research facilities in China, said Thursday that in light of the impact of the coronavirus it would step up cost-cutting measures and increased planned savings beyond the annual 500-million euro ($557 million) target it had set for 2023 as part of a longer term shift from parts for conventional gas-powered cars to electric cars.

The auto industry was expected to produce around 85 million cars and light trucks this year, well off the peak of around 95 million vehicles in 2017, as the weakening of global demand accelerates in the wake of the coronavirus.

"That means we are dealing with 10 million fewer vehicles," Continental CEO Elmar Degenhardt told reporters, "and we will have to adjust accordingly."

Continental, which swung to a loss before interest and taxes of EUR268 million in 2019 as a result of restructuring charges, said sales this year could fall nearly 5% to EUR42.5 billion and its pretax profit margin would fall to between 5.5% and 6.5% from more than 9% in 2018.

[montyhedge] 05/3/2020 12:04

Calm down, wait for the profit warning.

[1 nhs] 05/3/2020 11:59

LOOK FOR ANOTHER

YEAR OF THIS ::

WORLDWIDE



The Business Source
@GlobalTimesBiz
Retail sales of passenger vehicles in China dropped 80% y-o-y in February, the biggest fall in two decades, largely due to the #coronavirus outbreak, according to China Passenger Car Association

[smithys2019] 05/3/2020 11:49

Around, fully agree, but whilst media is in a frenzy, it’s a no brainer. Margin is set above 2-3 support levels worth of recovery. Still making losses in the dips, but it’s taking 75% of the sting out on the way down. As I say, will be closing as we approach the end of the session.

My main benefit is not having to fork out for commission and stamp duty plus other fees with IG. My strategy window is 5+ years and I’m purely managing the volatility at the moment.

I’ve noticed you usually see a small recovery prior to lunch as well in a heavily shorted market!

[1 nhs] 05/3/2020 11:40

One profit warning :

Try 10 then the banks will say keep it we have to much other junk ( property, cars, airlines, business) on our books !,,

[montyhedge] 05/3/2020 11:37

They got to update the market surely, how bad it's effecting them.

[dround87] 05/3/2020 11:35

Opposite of luk2. Although be careful! Leveraged ETFs have a deservedly dodgy reputation. Great short term when you're fairly certain on the direction. But stay away over longer periods.

[montyhedge] 05/3/2020 11:30

I really can't see how there won't be a profit warning, planes half empty and cancellations.2014 low 315p is my view.

[smithys2019] 05/3/2020 11:24

Also, people need to research the two strains of NCov. They are not the same. There are 2 variants going around, the one that is currently prevailing and spreading rapidly has much lighter symptoms for those not aged or infirm. The serious one has fizzled our much quicker as symptoms become apparent much quicker and results in isolation. Also worth pointing out the Mean time from exposure to symptomatic is 3.5 days. The 28 day to symptom was a single case and they aren’t sure that it wasn’t a result of exposure at a much later date. The facts of this virus stand diametrically opposed to media hysteria and current market sentiment.

[smithys2019] 05/3/2020 11:18

Different strategy today. Currently hedged on IG index through the day covering 75% of share value on leverage... will be closing around 3pm. I’ve noticed the shorters don’t like to stay open overnight, you usually see a bit of a recovery by the end of the afternoon. Thanks for the SUK2 reference, not seen that before and provides interesting market data in terms of where the consensus is.

[dround87] 05/3/2020 10:45

Suk2 today and tomorrow I reckon.

[hamhamham1] 05/3/2020 10:31

Where's ny boy and his buy of the decade?

[loganair] 05/3/2020 09:29

At least the first flight out of my local airport went this morning as it was the British Airways to London City,

[dround87] 05/3/2020 09:17

That's a mighty high horse you've got there.

[hamhamham1] 05/3/2020 09:13

Big down day across markets brewing imo