Search found 169 matches

by Pendrainllwyn
August 13th, 2019, 11:00 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: HSBC the Future
Replies: 32
Views: 1397

Re: HSBC the Future

For a really simple minded view of banking, a bank makes profits from borrowing at a lower interest rate than it lends. When risk free interest rates are at very low levels, as in the last ten years, that restricts the margin of difference it can charge. Indeed. Agreed. But as you say that's a simp...
by Pendrainllwyn
August 13th, 2019, 7:25 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: HSBC the Future
Replies: 32
Views: 1397

Re: HSBC the Future

I have been thinking a lot about the future for HSBC since the announcement of John Flint's sudden departure and it would not surprise me if we are in for a decent period of good results Maybe Dod will be right. HSBC needs to up its game. According to Morning Star (I haven't verified) HSBC has stru...
by Pendrainllwyn
August 8th, 2019, 4:05 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Legal & General Half Yearly Results (part 1)
Replies: 20
Views: 1298

Re: Legal & General Half Yearly Results (part 1)

I am happy with these results and if Legal & General can keep ROE around 20% or high teens then the stock is very good value in my opinion. I presume the market thinks it will not. I will look to add if the shares stay at current levels.

Pendrainllwyn
by Pendrainllwyn
August 5th, 2019, 6:39 pm
Forum: Brokers and Share Dealing
Topic: SVS Securities bites the dust
Replies: 47
Views: 1649

Re: SVS Securities bites the dust

A broker that self-clears will settle trades directly with the Exchange's clearing house. They will normally then custody those positions in their own accounts (firm and client accounts) at the clearing house. A broker that doesn't self-clear will employ a third party to do so. This third party will...
by Pendrainllwyn
August 4th, 2019, 2:52 am
Forum: Brokers and Share Dealing
Topic: How to buy Tencent shares
Replies: 11
Views: 562

Re: How to buy Tencent shares

I believe that's the case. I know of an asset manager who has bought Naspers for precisely the reasons you articulate. I didn't look into it because I didn't want to own a stock denominated in South African Rand but the Proteus Euro denominated listing (which I hadn't heard of until your post) may w...
by Pendrainllwyn
August 2nd, 2019, 9:10 pm
Forum: Brokers and Share Dealing
Topic: How to buy Tencent shares
Replies: 11
Views: 562

Re: How to buy Tencent shares

I believe it depends on the ADR. Maybe you are much smarter than me at picking your ADR's! Or maybe your broker is kind enough not to pass the charge on to you. Some ADR depository banks deduct the custody fee from the dividend payable so you may not have noticed. Alibaba (BABA) doesn't pay a divide...
by Pendrainllwyn
August 2nd, 2019, 5:38 am
Forum: Brokers and Share Dealing
Topic: How to buy Tencent shares
Replies: 11
Views: 562

Re: How to buy Tencent shares

I use InteractiveBrokers. For HK stocks they charge 0.08% commission. There is also stamp duty of 0.1% and an exchange levy of 0.0027% payable.

Pendrainllwyn
by Pendrainllwyn
August 1st, 2019, 11:58 pm
Forum: Beerpig's Snug
Topic: The Lemonfool my pic of the day thread
Replies: 759
Views: 49252

Re: The Lemonfool my pic of the day thread

Quite impressive. Not bad for an "Emerging Market". But only fourth largest city in China. London's population 8M.

Pendrainllwyn
by Pendrainllwyn
August 1st, 2019, 11:47 pm
Forum: Brokers and Share Dealing
Topic: How to buy Tencent shares
Replies: 11
Views: 562

Re: How to buy Tencent shares

I hold Tencent via HKEX. One of my largest positions. The dividend yield is a paltry 0.27% and pays only once a year in late May or early June so you will not end up with too much spare HKD. 0.27% sitting in cash might cause a minor drag on your portfolio but I wouldn't be surprised if it is offset ...
by Pendrainllwyn
July 31st, 2019, 3:16 pm
Forum: Share ideas
Topic: Wetherspoons (JDW)
Replies: 3
Views: 468

Re: Wetherspoons (JDW)

Healthy ROE but looks reasonably priced to me. I wouldn't be taking a new position at these levels. More interesting value elsewhere methinks.

Pendrainllwyn
by Pendrainllwyn
July 23rd, 2019, 1:18 pm
Forum: Share ideas
Topic: Stage 1 - Identify Potential Investment Stocks
Replies: 17
Views: 1002

Re: Stage 1 - Identify Potential Investment Stocks

If you enjoy selecting your own stocks and feel you know what you are doing why not? The only selection I own is John Laing which I think is a very good company and is in my view a far better way to play construction than the other usual suspects which suffer from terrible margins. It's not without ...
by Pendrainllwyn
July 21st, 2019, 11:05 pm
Forum: Investment Strategies
Topic: Is now a Bad time to buy global Funds?
Replies: 12
Views: 1449

Re: Is now a Bad time to buy global Funds?

Global diversification is a good thing in my opinion but most investors exhibit strong home country bias in their investment allocations. We should be alert to it. I think there are more interesting companies outside of the FTSE 100 than there are within it. Whether it is good timing now to be more ...
by Pendrainllwyn
July 14th, 2019, 3:57 am
Forum: Company Analysis
Topic: Buyer Beware
Replies: 2
Views: 504

Buyer Beware

Only if you are short of things to do ... I have been trawling my way through small caps in the HK market looking for something investible. It's a minefield. This one caught my attention. Kantone Holdings (1059). Kantone is categorized under the Information Technology - Software & Services Secto...
by Pendrainllwyn
July 11th, 2019, 2:34 pm
Forum: Retirement Investing (inc FIRE)
Topic: FIRE starts today
Replies: 20
Views: 2298

Re: FIRE starts today

Long distance running, I would have thought. With a different end I hope. Congratulations Pheidippides. Enjoy every moment. I hope to follow before too long. I agree with your comments about the community here. I am always impressed with how much people are willing to share their expertise and guid...
by Pendrainllwyn
July 11th, 2019, 12:14 am
Forum: Beerpig's Snug
Topic: The Lemonfool my pic of the day thread
Replies: 759
Views: 49252

Re: The Lemonfool my pic of the day thread

Ha! You can even make the rain look inviting ...

Pendrainllwyn
by Pendrainllwyn
July 10th, 2019, 12:18 pm
Forum: Brokers and Share Dealing
Topic: Brokers offering interest on share portfolio
Replies: 7
Views: 1190

Re: Brokers offering interest on share portfolio

Interactive Brokers do lend out your shares if you opt into the service and make your shares available for lending. Of course you only get interest if they actually lend out your shares. I have earned some extra money that way but most of the shares I hold they haven't lent out so whilst the extra i...
by Pendrainllwyn
July 8th, 2019, 2:12 pm
Forum: Beerpig's Snug
Topic: The Lemonfool my pic of the day thread
Replies: 759
Views: 49252

Re: The Lemonfool my pic of the day thread

Snorvey's photos are a treat. I am trying to figure out why the Lemonfool social will be in a London pub when everyone could follow Snorvey as he strides up some gorgeous sun-bathed peak (as far as I can tell from his photographs it never rains in these parts) before sharing stories over a delicious...
by Pendrainllwyn
July 8th, 2019, 12:14 am
Forum: Company Share news (LSE Main Market)
Topic: Barclays Bank (BARC).
Replies: 5
Views: 273

Re: Barclays Bank (BARC).

Deutsche Bank

Personally, I think there are other Investment Banks better placed to take advantage of Deutsche Bank's pull back than Barclays.

Pendrainllwyn
by Pendrainllwyn
July 8th, 2019, 12:11 am
Forum: Share ideas
Topic: 1pm (OPM)
Replies: 13
Views: 809

Re: 1pm (OPM)

WickedLester wrote:Have OPM now fallen unreasonably far on the last trading update?
I was looking at this at the weekend and thinking the same. I am going to wait and hope for a lower price but it looks like a good entry point to me if one is willing to be patient.

Pendrainllwyn
by Pendrainllwyn
July 5th, 2019, 12:06 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Which criteria differ between "new buys" and "top ups"
Replies: 39
Views: 1773

Re: Which criteria differ between "new buys" and "top ups"

None of these criteria. However I will often add to an existing position by opting to take a dividend in stock (if the company offers that option) and find that I am less price sensitive when doing so than when deciding whether to add to my position by buying shares in the market. It can sometimes b...

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