Author Topic: ACL  (Read 18469 times)

jaDEB

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Re: ACL
« Reply #15 on: March 07, 2014, 10:45:05 am »
I assume you are short ACL ?
jaDEB

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Moneypenny

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Re: ACL
« Reply #16 on: March 07, 2014, 11:36:52 am »
I'm short everything. :)

Moneypenny

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Re: ACL
« Reply #17 on: March 11, 2014, 05:13:21 pm »
@ Patrick: You asked why the drop specifically today?

Don't know but I can guess. ;D

Except for Barclay’s price cut on ACL on 27 Feb to R37/share and this weekend's China-issues, my guess would be yesterday’s Investor Day Presentation in Canada fuelled more flames:

Mittal yesterday said they are selling some Ukrainian output in other markers on a forecast for slower than expected demand in that growth region as domestic markets are down in Ukraine. Steel demand in Commonwealth of Independent States (that includes Russia & Ukraine), may increase more slowly than the 1.5% to 2.5% previously forecasted by Mittal.

The company provided an update on operations and medium-term plans, (unchanged from previous investor day last year), investors were hoping for additional cost cutting, hence some disappointment after announcement.

jaDEB

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Re: ACL
« Reply #18 on: July 30, 2014, 02:56:53 pm »
 :TU:
jaDEB

If it scares you, it's a sign you need to do it