England and Wales Covid deaths at highest since March
The number of deaths registered in England and Wales that mentioned Covid-19 on the death certificate are at their highest level since late March, according to the Office for National Statistics. A total of 571 deaths mentioned Covid on the death certificate in the week ending 13 August. The figure is up 8% on the previous week and the highest weekly total since the 719 deaths in the week to 26 March. Today's government figures show that a further 174 people had died, while another 30,838 cases have been recorded.
South Africa’s scientists have detected a new variant of Covid-19 which they say has the potential to be a variant of concern.
The new variant C.1.2, which was first detected in May, has now been found in at least six of the country’s nine provinces.
Scientists have found it spreads at the same rate as the country’s current dominant Delta variant.
At a media briefing, the National Institute for Communicable diseases (NICD) said the new variant “might be able to partially evade the immune response [but] vaccines will still offer high levels of protection against hospitalisation and death”.
Started Buying a few lots now… I think the reversals are near now that 1 IB start to talk higher PA in supermx… Gloves might see another crazy uptick as this COVID thing is a LT…
Sold more than half of my stake in comfort. I am not sure about future quarter as many of the other glove compaines showing some signs of flat or downwards earnings. With the exception of hartalega
Taking the current price of 1.76 with latest 4 quarters EPS (15.5+23.65+37.75+35) being the 35 as the guestimation for 31 Jul earnings, the PE will be 1.76 / (111.9/100) = 1.572.
The Delta variant has changed the entire landscape of the COVID-19 pandemic. It is clear that we will have breakthrough infections in those fully vaccinated; fortunately, the majority will be mild. Current CDC and PHE data suggest that vaccination (mRNA and adenovirus vaccines) reduce the risk of breakthrough infections with Delta 3X and reduce the risk of severe disease or death by 10X (data for Sinovac protection against Delta is still very limited but may be lower). Hence we should expect that 1 in 3 persons vaccinated with a mRNA or adenovirus vaccine can get a breakthrough infection and have the potential to infect those who are not vaccinated.
This is why herd immunity is no longer possible and why we need high levels of total population vaccination. Good models have shown that to open up any society (reach an endemic state) we require close to 90% vaccination rates of the population. Australian National University modelling shows that even if 70% of adults are vaccinated they can expect 6.9 million cases, 154,000 hospitalisations and 29,000 deaths. Australia needs a 90% vaccination target (including children) before moving to the final stage of the national plan (opening up fully). Even with 90% of the population vaccinated they expect 5,000 fatalities and 40,000 cases of long COVID.
Hence even when we move to high total population vaccination rates, we still need to keep in place the key public health mitigation measures – routine mask use, reduced social interaction, physical distancing, significant improvements in indoor ventilation and routine testing strategies. Even in an endemic phase with high vaccination rates we need to reduce COVID-19 transmission to minimise some getting ill and reduce the risk of new variants of concern developing.
Yes, all gloves are really cheap. Risk is also low.. down a few cents now... However, i think this stuck position will be a while... which gives us more time to reload for new bullets. P/E of 1.7 will be forever. That is ridiculous comparing to Tech which flies to high heaven with only 10% of what gloves can earn. WTF
Most of the sellers of both the mother share and WB are basically those who are affected by the poor sentiments surrounding the Company and rhe glove sector.
On the other hand the people buying them now are the people who understand the fundamentals of the company and the sector it is in.
It is difficult to call a sell on Comfort due to its increasing quarterly profits, cash-rich position and being in an attractive sector.
Its current PE multiple of abt 2 is unrealistically low. I doubt we will come across another company like Comfort at this low PE, maybe, for the next 20 years. This is a chance of a lifetime to make easy money and perhaps your first million with the WB.
Just a rough estimate: a PE of 4 for Comfort is still very low which will push the mother share to RM3.50. With the mother share at this price, my estimate is that the WB can easily hit RM1.30 to RM1.50.
It is difficult to understand why there shld be panic selling last Friday. I believe only those who invest on the basis of sentiments could have made that tragic mistake of cutting losses. The buyers on that day are mostly fundamentalists.
If you are a fundamentalists like Danny, you would not have made that mistake. If you had picked up some on Friday I am sure you will feel very comfortable after reading this note.
Of course you shld just ignore this note if you think it is a piece of rubbish. I don't feel offended. This is nothing more than just my opinion.
BrusaCasino has wrongly read me. Its OK. Let it be.
Mother share is below 2.30 now. Conversion price for warrant is 2.30. Now director happily disposed his warrant while some shareholders still holding on to their warrant. LOL
Waits for Comfort quarterly financial result out. If can maintain the profit, price will go up bcs the investors are already price in the profit is dropping as other glove stocks, eg. Ruberex.
NatsukoMishima, all the way from Japan, has given her fair comment!!! =============================================================================li NatsukoMishima Must have very strong heart to hold n fight ! Almost give up right now but still believe in a good FA company will have good price eventually !
Ya, P/E of less than 2 now. Even if the sales drop by half, the P/E is still 4 at this rock bottom price. Compared to most counters, it is just ridiculous... Earnings are 10X more than most...
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Posted by selesa2020 > 2021-08-26 09:21 | Report Abuse
England and Wales Covid deaths at highest since March
The number of deaths registered in England and Wales that mentioned Covid-19 on the death certificate are at their highest level since late March, according to the Office for National Statistics. A total of 571 deaths mentioned Covid on the death certificate in the week ending 13 August. The figure is up 8% on the previous week and the highest weekly total since the 719 deaths in the week to 26 March. Today's government figures show that a further 174 people had died, while another 30,838 cases have been recorded.