Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can’t believe it’s up today. If it hits 591 go short again. Probably take half at 20pts. Let the rest ride. Come to daddy! Playing blue chips is a piece of cake compared to aim. My AV. spreadbet is just creaming it. Sell 407 buy 401 all on auto trade.
Trek
Sat on my hands atm here, this market is a dead cat. Trump is using the cv to exact insidious squeeze on Chinese economy but refusing entry to US and electioneering off the back of it oh how they love the protectionism! Peeps don’t realise how bad this is. I mean imagine building a 1000 bed hospital in the middle of Hyde park the weekend and telling everybody it’s nothing to worry about and don’t scaremonger. The bug is out. Bought WSG today and ncyt on the dip. Will go short here again and at BP soon just need these false hopes to peak, missed the long though from 551.
GLA whatever your position.
Trek
Look at me, I’m wonderful.
Booom! Just check my SB account and 551 gone. Cashed out automatically 40pts. Probably more to go but leave it for the next person. Mmmm now where to buy? May add some BYOT sticking with the theme.
GLA
Trek
Well done. Advised two not to buy until it hits 550 but didn't have the guts to go short at 590.
My short to 551 looking good, was think of flipping long from there but an, gonna cash out. That’ll be 40 pts from 591. Nice.
Gla
Trek
Dull but 7% yield. Hard to work out how the restructure is working. Undoubtedly Corona will have some effect on the global economy which was slowing anyway. Hopeful its not going to be a full pandemic. Dull can still fall a sizeable per cent but not loose your shirt and pay a decent income if it holds. The 250 looks to have been seriously overbought on Brexit euphoria but value is appearing in the 100.
Apologies imo missed, screen keeps reloading
Trek
Well i’m Short to 551, double bottom on its way may let ride or go long to 5.98. Hsba will drop with the impending travel restrictions it will bring out the shorts and sellers. Sars took 6 months to fizzle out. Don’t wish any ill on folk but no difference to hedging poo based on tensions. Only a small position taken. Gla and hope this is contained.
Trek
PLEASE give us some positive information about the possibility of an uptick in this dull as .. HSBC stock. It’s the biggest laggard of EU & USA banks.
Only thing I can ad to bank stocks debate.
For now it’s like GOLDILOCKS all over the stock markets, though where do negative rates put bank stocks!
I think it’s down on the virus. Did same during SARS.
Trek
"It also reflects growing concern within the business community that the institutional features that give Hong Kong more political and economic autonomy are weakening under pressure from the authoritarian mainland.
In a statement explaining its decision to downgrade the long-term issuer and senior unsecured ratings one notch to Aa3, Moody's delivered a blunt assessment of the government's response to the protests."
https://news.yahoo.com/moodys-downgrades-hong-kong-blames-government-protest-response-130844281.html
"If China went in to Taiwan and Hong Kong the HSBC share price would not be my biggest concern."
It would spark a worldwide recession, but any businesses generating significant revenue there would be decimated, that was the point. Why, what else would worry you? It didn't spark a world war when Russia entered Crimea, so any repercussions would be economic.
If China went in to Taiwan and Hong Kong the HSBC share price would not be my biggest concern.
"Because most of HSBC's profit comes from outside of the UK and also as they report in USD it's actually good when GBP weakens..."
I think you misunderstood the thread, it was discussing the apparent threat to Taiwan and Hong Kong from China and what would happen if China threw a hissy and went into both places and the effect that would have on HSBC. The reason Brexit was mentioned was due to the markets reaction to Brexit and the apparent disregard for Geo Politics around China, in comparison.
It is odd how the market hammers UK banks on brexit but sees little risk here.
It's a good point fleccy. I guess the market assumes China won't shoot it's golden goose. But perhaps the market overestimate china.
Last year HSBC generated revenue of $18.2 billion in Hong Kong and $2.9 billion in mainland China. Currently China are taking a backseat and waiting things out, but there's always a chance that China could lose patience and decide that politics are more important than economics. The markets don't appear to be pricing in much risk around Hong Kong, yet they hammered UK stocks over Brexit. Why are the markets ignoring this potentially Black Swan event? I understand that this would trigger a global recession, but the likes of HSBC and Standard Chartered would be decimated.
https://www.hongkongfp.com/2020/01/09/chinese-propaganda-slogan-unifying-taiwan-force-losing-threatening-edge/