Antofagasta shares slip after disappointing first half results
Earnings have fallen, debt increased and the dividend is cut.
Markets have fallen on fears related to Turkey’s economy. It just goes to show, when governments do obviously stupid things, there is a price. When economic indicators flash red, that means trouble will follow. The crisis that is now beginning to unwind was predicted by many. Equally predictable errors are being made elsewhere.
Massive pension deficits have been the biggest cloud hanging over some of the UK’s largest companies. And indeed, over many of the UK companies that are a little bit smaller. But I have some good news. I may have even more good news to follow. But is this a reason to buy?