Member Info for karv1

I went all in on BARC on Friday Was going to go long with hsbc but changed by mind .
why did I do it? In 6 months or. 1 or 2 or even 5+years this share price is going to go back to 160 or even 230+ In time .
Risk v rewards.
Is BARC going to go bust unlikely
Can this double your money in time yes while paying a 10% + return in time .
Will this go lower very possible , hope not tho .
It an entry point I can be happy with and just leave and watch.
GL all

I look for 10% + returns HSBC I think will be as safe as you going to get with 10 percent return after 2020 .

On the some what good side if things go really bad.
If there are losses they will have extra 13 billion to cover it .
If hsbc get through this fairly well they will be even stronger with that 13 billion .
We Can not change what has happened but maybe 2021 will be great ,

sold GL all might come back if or when it drops

So there is a chance then!

Hi spikeyj what makes you think this, the last 4 years profits would cover the current dividend. a lot of cash 160% to 175% coverage I'm guessing.
People may die from this virus but sadly most of these people already had underlining health issues ect.
I know they got a chunk of debt.
I'm always eager to hear a viewpoint to extend my lack of knowledge.

I brought in today Let's hope they double up back to 420 within 3 years with a 43% return on dividends I can,t ask for more than that with some hope.
143% return what do people think our odds are within 3 years?

My honest opinion is I like card before the virus but now tho it got to be looking at between 2 to 4 million per month losses while the stores are closed. could even be a lot higher inc possible 80% wages cover and 2 million a month cover for stores
I'm surprised this has not gone down 70%
it has become a risky buy but if it pulls through could be great returns

The EU and the world are very likely to go into a horrid recession before this virus is over.
China sells a huge amount of steel and products to the world.
no matter how well China is doing China is a trader they buy stuff to make stuff to sell stuff but what is going to happen to commodities prices when the rest of the world stops buying Chinese products.
Let not forget that we are only human and we hold grudges even tho money is money if this virus goes really badly in the USA and EU there will be a blaming game and the finger will be pointed at china with 0 goodwill. that could make future trade harder for the Chinese. as it is looking more likely day by day that the Chinese numbers for infection were pulled out of the sky.
Do I believe we going to go back down to 12p no the debt is way lower now.
Do I believe we have hit the bottom yet no

Trading update 13 jan Net debt as of 31 December 2019 was approximately US$282M (31 December 2018: US$340M). The Group's cash balance as of 31 December 2019 was approximately US$131M (31 December 2018: US$62M).
and
six months ended 30 June 2019 Net debt A reduced to US$282 million (31 December 2018: US$339 million).
Either there a mistake with the wording of net debt or net debt is the same and a lot of reinvestment has happened because that shows no drop in debt even with dividends paid with the very high iron ore prices the company should raking it in.

Does the IB own much stocks in billions ? Or it it just other people money did I read some where JES keeps pumping billing into the investment bank .

the Stocks seem to be heading down , the FSTE has gone from 3.5+ to just 0.7 up . FXPO 6.6 up still holding up better than others.

With out sounding like mr negative I think If I was holding shares that had gone up 10% my finger would be on the sale button.
What I would say is ask your self in 1 week or 2 weeks times is the SP going to be higher or lower than now. I’m thinking lower only time will tell.
It feels like heard mentality TUI is up 14% yet I don,t know anyone since all this started to look bad booking an holiday abroad.
SAGA. Up 10% those cruise ships are going to cost a fortune to keep running empty.

Airlines up yet plans are landing with very few people on board.
Seems like a lot of people are jumping on the band wagon..
A lot of people are going to make money today will it fade of during the afternoon and will it hold as more bad news comes out , I don’t ,t think the market has become immune to the virus yet

I think it will depend on the french and Italian numbers and the end of night German and Spanish numbers.

I think this rollercoaster ride with stocks is going to gone on for some weeks , will it go under 100 who knows but miners and others might have a delay drop months later , if this virus pushes the eu and others into a recession With some countries being already borderline ,commodity prices will fall as CHINA sells loads to the EU .

You could be right it is going to an interesting few weeks.
It is strange how a few weeks can change everything, there are stocks where the sp I thought was once too high that is now starting to look like real bargains and there are stocks that I thought were once cheap which now I would not touch with a barge pole.
I believe there is a lot more bad news to come from this virus, I think the general sp rise is going to be a blimp on a downward path if I am wrong then I am going to miss the boat and kick myself.
If I am right then the nerve-wracking question is where or when is the lowest point going to be.

You got to be really brave buying in today it is so risky , in the middle of a huge down time for the markets that could last weeks to months if not longer why would anyone buy into a stock when is up 5%.

Numbers can be twisted 1000 ways this is just my view from the numbers I have seen from the sources I can find . To make my own personal judgement.

Or https://www.bbc.co.uk/news/world-asia-china-51540981

https://www.worldometers.info/coronavirus/
Was site I was using