Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Would like to see HSBC leave the UK. The Govt is going to heavily tax the Banks forever to pay for Covid.
Why don't they set up in some tax haven where they can really make profits for their shareholders.
When did we last head towards the results, knowing that there would be no dividend?
Previously, there has been considerable buying activity just before results - partly in the hop of some decent announcements, but also to "buy" the dividend, especially when the shares have gone ex-dividend very quickly after the results.
It will be interesting to see if their is any meaningful forward guidance, and any mention of the HQ location being under review (again)!
Although UK-based, HSBC has never been a British Bank, but one of the conditions of the Midland Bank takeover was that it relocated its HQ to the UK, where it has remained ever since!
Somewhere in the balance sheet will be the amount of the cancelled dividend - in excess of US$4bn, but some would have have been taken in new shares (scrips).
By the end of Q3 (i.e. 30 September), there will be a similar amount, which was paid out to shareholders in recent years in July and September!
Will shareholders ever see anything to make up for the lost dividends this year (2020)?
https://www.msn.com/en-gb/news/newslondon/nathan-law-prominent-hong-kong-pro-democracy-activist-reveals-he-is-in-london-after-fleeing-territory-in-wake-of-china-security-law/ar-BB16Gz49?ocid=msedgdhp
How many more will flee HK?
yeah what happened to Vancouver and Toronto is a lesson to remember - ironic that a few months ago Trump wanted to keep everyone out - now it is a case of everyone wanting the Americans to stay in
I dont like Trump but a Democrat Administration will have to be very quick off the mark with regards foreign policy- no time to lose in terms of clarity
Trump not liking foreigners, how ironic given that his grandfather was a German immigrant & his wife, Mother in law & Father in law come from Slovenia.
The American people get the opportunity to exercise their democratic right to elect their next President shortly.....another four years of Trump I wonder?
Trump doing opposite as he doesn’t like foreigners , green cards and student visas effectively on stop and apparently India are now irritated as their talent pool production is very reliant upon US education.
Aussies are presently in panic over outbreaks in Melbourne particularly and some new cases in Sydney, hence I don’t think welcome mat is out to Asians of any description for now. There’s a lot of tension with China and concerns around influence in Australian politics, agriculture and volumes of students circa 10% of population or something crazy like that. So I don’t see them stepping forward as already cashed out and now regretting selling selves.
Canada similar with Vancouver nicknames Hongcouver given the wealth that flooded there and distorted housing market horrendously. Not heard anything specific so that tells a story probably.
Thank you for your reply HKtruth.....insightful.
I'm considering one last top up.....hopeful that this will be 400p + during the next two weeks.
GLA
Are Canada &/or Australia offering citizenship? Commonwealth countries?
How about the US?
I guess Trump will just to annoy Xi.....
Yes there are multiple other options in EU, with Portugal and Greece marketing heavily on local internet channels.
I believe there is a difference between the “deals” and Boris British conscience offer, the former are residency for short period with no guarantees is my understanding, whereas Boris seems to be saying if you like it and stick around we offer the full monty of citizenship and passport indefinitely.
I bow to more qualified knowledge if contra offered, but I think some of these dream villa solutions are not what appear or at lease by comparison ?
Respond to both reple posts with one.
I’ve given my overview around thoughts on mass migration to UK in post elsewhere on board. I don’t naturally like to generalise but the work ethic you mention is mostly true although creativity of thought isn’t strongest as very much a culture of seeking direction and then applying it without much flexibility.
I don’t think any great numbers will make the switch, especially if Chinese investment replaces or adds to existing Western input. Money talks here more than anywhere, which if they do make the move then it will need be permanent unless local property market falls. There is a danger that UK is seen through rose tinted spectacles, a massive shock in several ways if do.
As for results, my personal view is there are numerous risks that need to be considered and possibly overcome in the immediate future and medium term. The broader Asia approach has been via traditional retail banking play of launch a credit card in local market and build from there, first phase I believe has been relatively successful but that’s very much the easy part done. The real money lies in China and as widely shared already that could mean anything in the extreme, either positive or negative ? It’s not a British Bank now, despite the figureheads being Western, it’s very much an Asia play for investors.
Many HK citizens would want access to the EU which the UK Passport isnt going to provide - so..if they are wealthly and a EU country offers them a passport in exchange for an investment (property/business etc) then they make take up an offer elsewhere ...I dont in all honesty think they are restricted to leaving and just going to the UK - ironic if the EU folks entering are replaced by Hong Kong folk instead...
HK.....& the local info is much appreciated, as i have said previously. Thankyou
My point was really that any companies results really are the final word & all what we say here is 'tested' on that.
I do not hold a position here now, having sold out, & don't see me buying back in unless sub 350.
To me the risk/reward has passed the tipping point.
But the best of luck to all those who have bought back in or are long term holders....
M
I would agree with that, H1 2020 results are the perfect opportunity for the BoD to be ultra conservative.
HKtruth - interested to hear your views on the UK offering up to 3 million HK citizens a UK passport, what do you think the take up would be?
I worked with two HK guys over 30 years ago (both were qualified accountants), their work ethic was second to none.
.....and the bad loan provision number is .....drum roll ... $ --------- billion ( gasp, from the investors)
Just sharing some local knowledge guys, you pay your money you take your chance ! Good luck to all and if you can make money from them then well done, as aware of the myriad of risks.
Outlook will be full of BS, so I actually think results will be very telling. Expect the virus to be blamed for what gone and to possibly come, which is actually fair enough. Of course, the process of removing the livelihood of 35,000 at this sensitive time won’t have had much impact as yet. Will be interesting to see if any reference to currency peg threat as that certainly would have severe considerations if not implications if were to occur. I’d be expecting an opinion around that from one of largest banks seeking shareholder support and selling the near future.
As for storming past £4, it will need to a whole lot further to satisfy the long time investors whom have had a horror run. Perhaps that why it does not stay there, as positions are ditched and losses cut ? One analyst downgrade last week, let’s see the consensus after latest numbers shared.
Results are one thing , and there may be little outside of what can reasonably be expected ,...the market though will be looking at the Outlook statement ...and how the BOD see the ship's ongoing passage through the ice , so to speak
Results due on 3 August. First meaningfull since Covid pandemic.
I will be very interesting to hear if your dire warnings of doom will be reflected in these results HK.
It's the acid test for comments for or against posted over the past few months
Terrible results with the share price dropping off a cliff & HK is The Sage of Hong Kong; a hero to all...
Good results with the share price storming past £4 & HK is just another deramper to be completly ignored.....
we'll all know 3 weeks today....
M