devonplay
25 Nov 2015
Re: Rubbish charts on iii HFEL v SS... You should also JEMI.LGood luck with your research.Devon.
jd1980
25 Nov 2015
Re: Rubbish charts on iii HFEL v SS... Thanks - makes this IT look a decent option
FRTEB
25 Nov 2015
Re: Rubbish charts on iii HFEL v SST (... Charts do not include the reinvestment of dividends.
jd1980
25 Nov 2015
Rubbish charts on iii HFEL v SST (inc Divi)?? Hi All, I'm reviewing HFEL v SST as my next investment option. HFEL is a good divi payer, so when i review the 2 funds on iii charts, does the chart auto include divi reinvesting? or just SP?As over a 3 year period HFEL is way downAdvice appreciatedJD
PJ Foster
05 Oct 2015
Trans-Pacific free trade deal agreed Any views on how the Trans-Pacific Partnership (TPP) will impact HFEL? Both Australia and Singapore are part of the TPP and represent ~25% of HFEL equities. I assume this is good for those shares.However - will there be any negative impact on the countries not part of the agreement? Those equities currently make up the majority of HFEL's portfolio.Thoughts anyone?Cheers,
Fabius1
23 Sep 2015
Re: Second Leg down? TSMy own view is that we are in the process of a necessary cyclical 'reset' to bring valuations into line for the next growth cycle. So, plenty of pruning left before the next phase. F1
TwoSporrans
22 Sep 2015
Second Leg down? Is this the KO for a second sell off phase in global equities?Global growth concerns continue to dog the investor mindset.Although I expect far more importance is attributed by the media to every passing Fed meeting or base rate [in]decision than investors really do place themselves, the most recent pronouncement that there will be no initial base rate rise in September has served to exacerbate fears of a deeper global slowdown.Whatever the fears about China specifically, it's interesting how it's stock market has held up the past 3 days while there have been 2 plunge days pretty much everywhere else.Today, it is Europe and Japan leading the selling; European blue chip indices down over 3%.Comes as no surprise to me.It is the demographically challenged, low productivity growth combined with high debt burden economies and huge social 'overheads' that are the slowest growing [if not actually atrophying] and which will, longer term, struggle most to cope with slowing global growth and the reforms required to do so.There is very little left that further monetary stimuli can achieve for these economies; there is no easy fix.Then again, perceptions of Risk still seem to remain such that a wealthy, highly regulated economy [and companies therein] is that much safer [short term at least] than its counterparts, that the above concern gets somehow pushed to one side.So no surprise if Asia gets sold off hard tomorrow, across the board.This process creates better value for investments there.Another ongoing instance of skewed market behaviour is: When there is a lot of selling on account of ever plunging commodity prices that isn't confined to such commodity focused companies, there must be value opportunities in the companies that stand to benefit from cheaper commodities be that directly or via increased consumer spending from rising disposable incomes after fuel, food etc bills are paid.Seems to me that is most companies.So, methinks there is good reason to buy a sizeable dip [in HFEL], if it comes.TS
allthatglistens
08 Sep 2015
stock issue The Company announces an NAV of 267.7p. The next day it issues stock at 268p. Could someone enlighten me as to the value of this transaction for existing shareholders?
Fabius1
07 Sep 2015
Re: Not HFEL related TDDWSome interesting ideas there. Japan is pretty much a blueprint for China's development. Question is, where are they at the moment on the chronological/economic curve. Graduating from sweat shop of the world and probably showing signs of moving into the key manufacturing phase ( Japan @ 60's-70's at a guess). I think we have to start with the basic premise that the Chinese 'government' can do pretty much what they like in China. We already know that it seems to own a chunk of the 'Shanghai' care of the people's republic but we just don't know the size of that chunk. You are right about the dollar. A weak dollar isn't that great. Back in the 80's, I remember endless debates about the the extent of the US of A's Japanese debt and the tongue in cheek suggestion/solution was to give them Florida and call it quits. Bit of a rum deal for the Japanese if you ask me. Anyhow, the rest is history because shortly after that we had the Nikkei meltdown which hit Japan especially badly at a time when they were saddled with all that debt and deflationary issues which still haven't been resolved. At this stage, I don't actually think the Chinese stock market is that materially significant compared with other major markets. Is China really a free economy with unrestricted flows of capital in and out of the country etc. I think we look to invest for the potential and in the light of recent shenanigans, I believe there is a bit of window dressing going on there after the Oriental equivalent of egg on face. I suspect most of the big money deals go on behind closed doors and are conducted between various Triads and concluded with funny handshakes that date back hundreds of years. How does this tie in with your conspiracy theory? Well, I suppose if they run the show then it could easily be arranged but is it plausible when you consider the priority is to propel China into the global front line with 'mucho' kudos and respect that they clearly crave. Is it possible they consider the Treasury conundrum is just the cost of doing business. Besides, I am sure it will put to one side and dusted off at a convenient moment in the future. I don't see China becoming a post eighties Japan, there is just too much waiting to happen. On the scrapping front, I think South East Asia in general must be more than a little interested in the growing 'clout' of its neighbour, not to mention the sheer size. After all, China has already flexed its muscles with Taiwan and Japan over territorial disputes. On the Russian front, access to resources must be high on the agenda and boy does PP need it right now! That's fine, as long as they 'don't see the big board' (Dr Strangelove) in which case we are all doomed.Interesting chat.F1
TheDrugsDontWork
07 Sep 2015
Not HFEL related Sorry, just thinking out loud. You're the head of the Chinese Central Bank and you have 3.4 trillion of dollar reserves (reasonably short dated Treasuries but you're still exposed to some inflation risk)For whatever reason you want dollars. The easiest and quickest way to get dollars is to sell your treasuries. What is more you want to get your hands on dollars before the Fed instigates easing, which many expect to start in the next month or so. The reason is you don't want to be competing for dollars with the Fed. The Fed will win and will always be able to drain more dollars than you (they have the infrastructure to do so) and worse they will push the price up - these dollars are already expensive remember.So the task is to sell Treasuries and get dollars as quickly as possible, without loosing too much money. Before you start is there any way to increase the price of Treasuries. Well Treasuries tend to rally when there is a crisis... Greece was good for creating a crisis but that's getting boring now. Why not pop the Chinese Equity market - very few Chinese actually have much invested but it get's headlines in Bloomberg..... This post is getting a bit zero hedgey (apologies). Well if that is the plan they have probably managed to only sell 200 billion of their 3.4 trillion. You can calculate this via the movement of the Yuan vis a vis the Dollar. If they want to sell more and don't want to flood the market they need a bigger crisis. Even if the Shanghai drops 50% I don't think it will have quite the fear factor the first 40% drop did (educated guess). Maybe they can sell another 200 billion before people get bored - not enough sold.Well the central bank could cause a melt down in the Chinese housing market which is practically in melt down anyway??? (Unlikely as the Governor has to live in China - won't get invited to another dinner party if he does)Now I'm going full blown zero hedge. Why not get into a bit of a scrap with another country. Not Tibet as that just looks pathetic... Why not send some tanks over the Russian Border. We can apologies to Putin in a few weeks time and sign that oil / gas contract he keeps banging on about. It gives him a photo opportunity riding on tanks topless - he loves that stuff really does.Could alway phone up that nice young man in North Korea. What was that film we went to see with him, how we laughed. (I'd give this a 2% chance of happening but if it did can you please vote this post up 
)Oh yeah HFEL would be a buy on the dip
Greyinvestor
05 Sep 2015
Re: China market You could be right about ADN, but I'm not convinced that it isn't reaching the bottom. It's on my watch list.I am continuing to shift my SIPP cash back into the market. I've added AAIF, MYI, HSBA, OML in recent days. This isn't for the faint hearted, but it feels to me like S E Asia is now fairly priced, unlike the S&P. As to HFEL, I'm now holding, not adding. I think that it is still overweight China, unlike AAIF.
TheDrugsDontWork
02 Sep 2015
Re: Adding elsewhere I think China becomes Japan. They take twenty or thirty years to work off their excess investment binge however there will still be a Toyota's and Sony within the morass for investors to get excited about. I also like the argument that natural low cost competitors (Such as Mexico, Turkey, Vietnam) will do well now that they don't have the unfair competition from China. No reason South East Asia should not steam ahead even if China is an anchor not fully lifted.
Fabius1
02 Sep 2015
Re: China market While on the theme of China et al, I expect ADN to take a bit more of spanking. Now @310 but I have pencilled in 265 with a possible further drop to @ 220. Different animal but a Far Eastern 'derivitive fund' so to speak with specialist interests in the region and very good divi/growth, assuming they are able to sustain it. F1
foolish learner
27 Aug 2015
Re: China market A look west may offer some balance SCAM looks fairly sound on its US holdings and smaller is MCT with an all Canadian holding paying a good dividend
TwoSporrans
27 Aug 2015
Re: China market "So it could fall a way yet."Absolutely agree GI.I've been saying this too but also looking further ahead, best I'm able.Yeah, in the short term, what we're seeing may well just turn out to be a mini relief/technical rally during a harsh sell-off and a second down leg to follow.In fact I think the odds are that we will soon see a second down leg.That's why I've got a buying cash stash teed up but holding off just for now.If not, and the rally continues, well that's fine by me; might even sell some.I expect a 2nd down leg to manifest globally, not just for Asia.But am expecting/hoping it will be a lot less deep than the first leg down.We've seen something akin to panic buying as well as selling to date; so the balance of fear and gusto probably isn't that far away from evening out.What's hard to predict is where it all goes in 2016, let alone by 2020.But methinks the East is the Beast.TS
