Member Info for 1pencil

Non paywall, surprised at the reaction though as very good news indeed

https://www.voanews.com/a/beijing-nears-deal-to-let-us-inspect-chinese-company-records-in-hong-kong-/6717551.html#:~:text=The%20United%20States%20and%20China,a%20longstanding%20dispute%20with%20China.

Things will change, they have to as so much is being lost in tax receipts from poor regulation.

First up is why everyone is now an exempt principal trader, churning shares without paying any stamp duty?

Other exchanges do not tolerate such lax rules (especially HK), its against this backdrop that London has to try and compete or lose out to those that offer a fairer system.

London suffers IPO ‘drought’ as fund raising plunges by 90% this year

https://www.cnbc.com/2022/12/14/london-suffers-ipo-drought-as-fund-raising-plunges-by-90percent-this-year.html

Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound

https://www.cnbc.com/2022/12/14/morgan-stanley-2023-china-forecasts.html

WFH is now an established practice so not much push back from employers compared to pre-Covid, people will quickly fall back into online mode as before.

The landscape has changed with many competitors falling away, this leaves the strongest to thrive capitalising on higher market shares than before.

Well planned strategy thought out long before anything actually came into view

Summary article in the Mail highlighting number of stores closed this year, a clear trend which is being compounded by higher energy costs impacting heating and lighting.

Its not going to be overnight but the 'epiphany' moment for so called analysts maybe.

Weather at the moment is not helping with papers suggesting WFH (again)

PwC have announced a large capital investment in China, being an accountancy firm one would hope it bodes well for other accountancy issues.

Agree OSG, this has been a [part of THG's strategy for sometime now, economies of scale and owning the majority of the supply chain helps as well.

Perhaps THG can step in and take over the business making good on those orders?

Encouraging drop on whey, one of the big inflationary pressures for THG subsiding quickly, also how much land grab did they take with their subsidised loyalty strategy?

Good business move by the board which was criticised by many at the time.

The regulators will have to introduce change otherwise there won't be a market to write about, 40% is a big drop in tax receipts for listed companies attracting stamp duty.

The Guardian and Telegraph are begging for subs, but still the mindset is to undermine the very market on which they depend.

The documentation around listing changes posted a while back mentions a drop of 40% or so of new business, its only when you look at other exchanges (Hong Kong is a good example) at how lop sided the UK is.

Regulation is needed to curb the media, full disclosure of conflicts of interest and investments similar to parliament, this should accompany all financial articles written by 'independent' journalists.

"The City has been largely cut off from the European Union by Brexit, putting pressure on the government to ease rules as Amsterdam overtook London to become Europe’s top share trading centre."

https://www.reuters.com/article/britain-finance/update-1-uk-sets-out-financial-regulation-reforms-including-review-of-accountability-rules-idINL8N32Z18U

Its called biting the hand that feeds you, UK press cannot see this (yet!)

Foreign fund managers, with US$1 trillion of stake in local stocks per Goldman Sachs’s estimate, have bought more of them in early December on top of US$8.5 billion of net purchases in November.

https://www.scmp.com/business/banking-finance/article/3202518/zero-covid-reopening-playbook-turns-chinese-stocks-one-way-bet-investment-banks-value-trap-others

Closed at 21.6 HK roughly 2.28, NASDAQ futures showing positive for a change.

More flim flam, its a good job the media are independent..

(lol)

Dasher has confirmed the rally is on..lol

Props stop see sawing on round numbers, so done that is..

Worth a watch it’s impressive = Quality !

THG started the year at ..wait for it.. 230p..

Given the recovery prospects in 2023 not many funds will be happy ending the year at 60p..

Most of the major banks have now turned bullish on/china with multiple stock picks, funds doing likewise.

Another big move on the political front is EU's move to distance itself from USA, coupled with Taiwan's latest voting it could make it difficult to apply additional pressure on China.

Still no word on HFCAA yet, may not be a bad thing if it doesn't happen as NASDAQ continually weak, also helps with cost savings now management have been given a prod.