Markets Now – Friday 20th March 2020

Tips to Nail an At-Home Proposal
March 21, 2020
Virus-control measures to hit Rio Tinto operations in South Africa, Canada
March 24, 2020

To quote Vladimir Lenin, “There are decades where nothing happens; and there are weeks where decades happen.” European Miners are -40% since mid-Jan vs Chems -20%, Oil & Airlines -48%. Unlike previous crises, BHP, RIO & Anglo have low balance sheet risks; ~0.5x ND/EBITDA at spot commodities, or ~1.0x or below if prices fall -20%.

SOURCE: https://finance.yahoo.com/m/0e0f9664-cfe3-3302-b51c-e0a660e84588/markets-now-%C2%A0friday-20th.html?.tsrc=rss

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