The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Less than 0.4b of shares were bought during March low time with less than today's price. Nearly nobody selling at this price level made money. Fundamental of the company is the same so far. People are so fearful about another lock down.
Very disappointed to see how the pandemic is controlled by all those western governments. So much money was spent and so much much got lost. We had a lockdown but achieved nothing. See the way China handled it. They had lockdown and then they continued monitor closely to every single case. It seems they spent more money to trace it but overall they spent much less to control the virus. The internal economy is already back to normal for couple of months. Why cannot we do the same?
The rise of oil price seems not relevant much to the share price at the moment. It is the market sentiment for this sector. Currently investors focus more on US high tech sector, EV and renewable. In the end, except there is big breakthrough on renewable, the whole world will still need to heavily rely on traditional energy. Once WTI reaches 50, there could be gradually sentiment change. In the next 1-2 years, the share price could recover a lot more but maybe never get back to the previous high. My avg is about 3.10 and I have missed the couple of chances to sell. Hopefully US stimulus can give SP a boost. That might be the next chance for the SP to spike in the next couple of weeks.
Oil price should gradually move up unless 2nd lock down around the world would happen, which is unlikely with more countries are not in the panic mode to handle this pandemic. Hopefully with schools restarting, the situation will not get worse. This will help the general public to increase the confidence of handling the Covid 19. Currently the uncertainty of the future causes the market not moving up. I do believe with more people wearing face masks and government monitoring each local area closely, the situation is controllable.
China housing bubble should not be not a problem. The gov controlled the house price to make sure it does not drop too much. From what I can see, the main problems are 1) the business in mainland will be challenged as there would be anti-HSBC sentiment for a while because of HUWEI issue. 2) the main income for HSBC comes from HK market. The long term prospect of HK economy does not look good. It will be gradually shadowed by the adjacent city ShenZhen if it cannot continue to be the financial center in Asia. 3) As a UK bank, it is also affected by the UK/US China relationship. At the moment it is becoming worse.
With the Covid pandemic, the whole banking sector is hit quite badly. It seems there is a good chance it will move to 270p, which is the bottom of 2008 financial crisis. I hope I am wrong.
For LT, I am still optimistic. But it might take some time.
I bought some at 440p. Made wrong judgment to add last Friday and yesterday. I have cut the added part this morning. Indeed, really hurt...