Member Info for Slownsteady

Sizeable Economic stimulus measures announced this morning (Saturday). Time for our friend Mr. Market to behave like a demented schizophrenic again?

https://www.dw.com/en/china-announces-stimulus-plan-to-revive-economic-growth/a-70475952

Shanghai down again. All short term noise. Keep calm and focused on the value.

My error, apologies. Shanghai closed till 7th, and Hong Konbg closed today. My "up" reading was for yesterday.

Shanghai and Hong Kong up this morning, I think.

Shanghai up 8% today, jcgi up 7.5% this morning so far.

Good for our divis, which are set at 4% of NAV for the following year as at end of today. (1% per quarter).

Thank you, ALG. I've had a good week with BRWM, RIO (which I picked up quite recently around £48).

I've alaso got HSBA and HFEL. So am backing a China revival. Overall, the Portfolio is up 25% so far ytd.

Coming to JCGI, I took my position not only because of my view on China, but because Mr. Market has completely underestimated the Chinese beavering away on AI. The resulting benefits will astonish us, wait and see. Frankly, I see this multi-bagging from here.

I wish they had some Nvidia and TSML (Taiwan Semi Conductor), but HFEL has the latter.

I must stop using Chinese body clocks. It's plays boogery with my sleep.

JCGI (China growth and income - I bought in c 189/190 a short few weeks ago) is going gangbusters.

And JCGI... with a decent dividend to boot.

I've done a quick trawl of a half a dozen other Builders. Their share prices (except for Vistry, and the graph for Redrow is no longer easily available) are below, or at, their 2018 level. Except for Vistry which is about 74% ahead.

So on that basis a doubling of value for Cala is not bad at all (I'm taking people's word for it that they have checked this doubling of value out for accuracy).

Have just stepped in here - (that 15.05 buy 50,000 shs @189.8 is me). It's a view on China and Tech.

The risk is of course a political one, with the Yanks doing all in their power to stop China economically and technically. And (perhaps) Taiwan.

I'm happy to hold long term, don't worry about going underwater too much.

Well, I don't think RIO would indulge in this sort of thing. The old 'Iron Curtain' countries (including Ukraine and the former Sovet Union countries) are pretty much cut from the same cloth. Gangster interests, backhanders, Trade Union interests etc.

I've got this one, moneybox. The Dividend Yield of 6.22% is after any charges (1.54%). As an Investment Trust, the HL platform charge of 0.45% or whatever doesn't apply.

If you knew how the SETS system works, it does not necessarily mean anything, and certainly not a bid.

Yes, ex-div drop tomorrow likely. I re-bought today (having sold months ago @5850 ish).

Well, 10k houses won't cut it if the Government target averages 300k per annum. I'm guessing 30k is nearer the figure required?

Probably 30% or more of its current price.

Not mcuh. Not material.

Or Dancing Double Bottom Candles, for that matter...

Halifax are absolute Junk. I found myself having to contact them as Dividends had not been credited for several days afterwards, on two occasions they had been credited to someone else's Account, Their System kept crashing (so trades could not be completed when I wanted) and Online Trading often wasn't executed, with me having to call their Traders and execute Sell orders in small batches. None of it was ever their fault. They simply denied their Systems were ever down.

The Dividend problems were the final straw. I couldn't trust them to credit it on time and correctly. If they can't get the basic things right...

They're really not a proper Stockbroker, omly an offshoot of Lloyds.

Oh dear. Well, we won't be dealing with Avant in a hurry.

Can't say I'll shed too many tears for Fairburn. I wonder if he knew, and was (allegedly) trying to stitch us up?....