Personal rumblings on tech and stuff
The chart below gives context at each Philippine Stock Exchange Index (PSEi) level in terms of 2020 Forecast Price-to-Earnings ratio:
Key take-aways from this chart:
Nickel Asia Corporation (PSE: NIKL, RIC: NIKL.PS, BBG: NIKL.PM) reports 12% increase in sales volume for the nine-month period ended September 30, 2015 on a year-on-year basis, but that peso revenue slumped by as much as 40% for that same period YOY. We’ve seen soft metal prices, particularly LME Nickel price and nickel ore prices, in the last year or so, thus a huge drop in NIKL’s and similar mining companies’ revenue.
I’m attaching the press release in full below, but the main points can be summarized in the graphs that follow:
NIKL-Total Volume September YOY 2015 vs. 2014
Bloomberg reports: World’s Richest Lose $182 Billion in Market Rout.
I’m far from this list of the World’s Richest, but heck, I lost a third of my wealth already!