Many farmers are unable to meet thir agri loan repayments due to a shortfall in the annual rainfall. The Banks will now face a rough year with large losses.
Keep your powder dry.
Should close out for good..
Mgmt have enjoyed your generous money. They wish you could have joined them but dont forget they did it for you.!
A Hedge fund specializing in the Health sector has been shorting thanks to a Senate hearing wrt drug prices.
BUY only when market has touched its low ( 2weeks more).
The new Govt claims they are now global leaders and Silicon experts are begging to establish shop there. They say they now have 1 bn phones and growing.
If true, It is wonderful that the Govt has created so much wealth so quickly and eradicated poverty at a phenomenal rate faster than their neighbor China . I hear that the number of Billionaires is staggering.
Does any one know why IBN has not been able to capture a slice of this pie?. Thx.
You missed the enviro clean up liabilities.
These are horrendous ; enough for Owners to seek asylum as refugees on some remote Island. Some one should write a book how Wall St pandered to their ego and took them on a downhill ride.
Well done Wall St. ; the greedy deserve what they get.!
He is a genius able to create Drugs which can evaporate with the toss of a coin. He deserves a place on America has talent show where he can show how Surfactin can make waves and then cause them to disappear.
A name change from Arcelor Mittal to Mittal's Folly would be more appropriate.Wall Street really took him and his cohorts for a wonderful lifetime ride.
Their CAPEX was a disaster from which recovery is impossible.
Mgmt knows how to exploit human greed They are specialists luring you in Phases with Phase approvals to come.
I said their model was totally wrong and could not gain traction. I do feel sorry for those who lost their hard earned money.
As a farewell b4 shut down, Shareholders are gong to be invited to join in a Thanksgiving for all the support , money and good wishes that Mgmt have received for the past decade.
Coffee is in a glut. Of the two types of Coffee, Brazil produces nearly 2/3rd of the costlier bean. Unfortunately The Real- US Dollar conversion is the problem. Ten years ago it was at par. It is now 3.5 and still rising thanks to the Socialist Govt in Brazil
The currency needs to stabilize if we are to get a meaningful bottom. Mean while out of desperation production is increasing.!
Too early, They expect a further 15% downside. v Hedge Funds are short and none have put out an alert to buy back as yet.
The Pvt Hedge Funds advice to their clients s expect a bottom in Oct around $30/bbl. They expect the whole sector to trade down by 20 % from these levels.
No indication of any planned support as Middle East and Russia have not announced any cut back in production.
Monsoon shortfall of 10% expected to boost inflation by 2 -4 % points. in Sept. Bank stocks will be hard hit as many Farm loans will default as has happened before.
Expect to see a new low in Oct.
This is heavily shorted.by Pvt Hedge Funds. Normally at the bottom they put out a cover alert. No sign of that as yet.. My FA says that they expect the bottom near $50 sometime in Oct.