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Nope....Hopefully it will be sometime next week..
Nope....Hopefully it will be sometime next week..
Have buy backs started today?
Vol. Sold 5,447,211
Sold Value £8,501,523.46
Vol. Bought 20,341,519
Bought Value £31,680,819.70
Agree with you Bald_eagle. Interest rates are still ridiculously low, however the days of cheap money are probably going to be over sooner or later. This recession feels like a self fulfilling prophecy, get enough fear and panic along with everyone shouting recession is coming and well it will come! "IF" it comes I dont think its going to be anywhere near as bad as some people are saying, stocks are already down a massive amount, we are in a choppy market and the bears are still winning, only just though. I could be completely wrong but I'm working on the premise of Warren Buffets quote "Be fearful when others are greedy. Be greedy when others are fearful". GLA
"An eventual fall in UK house prices of 50% to 60% from the current levels would not be very surprising."
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Tatap, that could be a bit of wishful thinking IMO. The wealth of the nation is built upon the sky high price of housing. No government would 'allow' housing to drop anywhere near 50%, it would be election losing. In the past governments have overcome unaffordability by reductions in stamp duty and 'cheap' loans to first time buyers...anything to support house price boom. People feel better when their main asset goes up in value every month, they buy cars & holidays and vote accordingly.
Interest rates won't probably go that high 2-3%, which historically is quite low. So I wouldn't bet heavily on a UK housing crash.
They will be queuing up on Newsnight and Peston if that happens to try and persuade the Government to bail out homeowners whose houses have lost value if last night was anything to go by. Hard times are upon us and the free money of the last decade and a bit is winding to a close - long overdue imo.
Tatap "An eventual fall in UK house prices of 50% to 60% from the current levels would not be very surprising."
I kneel at the side of my bed and pray for this every night !
Hi Tatap
Most of us all recall saying the same thing back when Mervyn King let the rate drop below 4%
This country was on a deliberate down hill slope since that very day.
All it has done is allow the "Snowflakes" to create a pile of debt, which is and has been deliberately done.
Regards W'
Good afternoon PSK
yes a few rear end squeaks dropped out of the DOW yesterday lol. NAS looks in good form as pre pandemic levels already taken adjustment. Saying that, there is still a few over valued / owned names causing concern still.
Without stating the obvious, any and every retail bank will need to offset potential losses related to recession / debt recovery.
Though this is where us (Barcs) share holders should reap reward in a recession as every IB arm will make money in any given volatile period. Where as the safe playing retail will have their revenues chipped away.
Take D'Bank for instance, having completely over hauled their own structure and investments, they should also start to see better returns.
Barcs have a reasonably diversified book / IB arm and should balance out any recession damage with raising rates, volatility income and divergence on the yield curve.
The only thing not launching us back into a 2/2.20 trench is the fact that Venkat is not fit to hold a CEO postion having allowed the oversight of such a disastrous mistake, whilst employed in his previous title.
Secondly there is still going to be ripples directly and indirectly felt as the water settles.
No institutional investment company likes doubt.
Sadly these matters need addressing before the big lads clamber back, Barcs lost a lot of support / investment over such a school boy error.
Regards W'
Big drop on the DOW but banks holding up ok-ish over the pond hopefully we can move upwards tomorrow, the DOW should bounce after such a sell off
Yes Tom78 "Spot on" great viewing if some younger investors on here have not seen Y.P.M in the past.
Well written / scripted series.
Onedaysoonish Yes, just seeing his smug face irritates me. He has one of those faces, you just want to slap lol
Back on topic
This mornings print of 0.1% under the anal's estimate, where as we in the real know the "un fudged" figures is more to the true value of 20% atm . . . Jokers !
Hopefully Barcs can cut deep into this 200 ma as it usually is a cause for concern, though we do look good atm.
Lets hope we dig through fast this time.
Regards W
Off Topic but If you have never seen it I recommend you watch Yes Prime Minister S02E04 - "A Conflict Of Interest" about appointing a useless BOE governor to keep scandals under wraps- pure comedy genius!
I thought his interview a couple of days ago was as good as a very public resignation? The solution to Inflation at 9% is unlikely to be interest rates at 1%. The markets reacted unfavourably to the last rate decision as it flagged that the BOE are still asleep at the wheel. We have printed too much money and the rate increases have been too little too late. All IMHO of course.
Glad to see you back on the board. We are all waiting patiently in the background for the phoenix to rise from the ashes!
How can anyone with half a brain cell, not have seen what was simmering away ?
First Carnage chucks the hot potato to "numb nuts" who proudly accepted his glorious role, along with £500k + P.A
The fact that he can sit at a serious "Red flag " meeting, nod off and smirk, whilst blubbering about his new fave word "Transient"
The only time I wish to hear that word is when it is used to describe, Sloppy Bailey's position !
Why do we not have some gov' ledg in place that senior people chairing such roles, get paid on performance, while receiving a realistic structured salary.
Only our government can be blamed for this mess, wasting billions on (covid contracts for mates) dropping far too much money in the wrong part of the economy, just after so much QE had been flooded in.
Sitting back and watching a 0.25% rate . . . ffs a 12 year old child would know what the outcome would be.
Bailey can not hide behind tomorrows inflation print, if it is what most of us expect, also factor that Risky wants to step in !
When it was Risky that just poured fuel over the simmering fire these past years .
Bailey should have had the elbow, way back when he proudly nodded off while the BoE board was discussing our countries predicament.
Either way , this all goes down one road from now on . . . a more aggressive rate, perfectly timed as Barcs has its own meeting . . . with its old pal (200 week MA) the SP has taken many a knock back with the 200 ma these past 5 years.
This time it looks like we may carry though with some strength at this attempt, it will be a key indication of S and not the usual R level.
Guilts are starting to price in a more aggressive BoE, which is good for us share holders in the long run.
So im crossing my paws we have a blowout print and Bojos circus hold an emergency meeting s for the clowns !
Which will all indicate, we should be off to the races pretty soon lol
Best of luck to everyone.
Regards W'