Henderson Far East Income Share Discussion Threads

[investingdad] 05/9/2023 17:09

Was expected, there was a sell off following the Country Garden news and 2.5% increase in Hang Seng. The fall was inevitable given the selling and profit taking. It will take more than a few nights trading to stabilise. You may not know that people take profits following quicker than expected rises in volatile markets. But investing is different to sitting on the internet looking at housing estate photos... Also, I have the measure of you mow SS. Coming on a board to talk about a drop in shares you don't own, tells me everything I need to know about you. Trying to bully someone on other boards, embarrassing.Further point, I pointed out HSI and SSE both correlate to HFEL, but HFEL has taken more exacerbated falls on selling points. Which I find interesting given that 75% of the portfolio is not China based. But you don't read things properly and probably won't get to this.

[veryniceperson] 05/9/2023 17:09

Tomorrow's another day.

[superiorshares] 05/9/2023 16:56

Down 4 and a 1/2 today

[veryniceperson] 04/9/2023 18:30

Nice finish today + 3.5. Tomorrow, another day.

[superiorshares] 04/9/2023 07:07

Investingdud
Trading indices is different to trading stocks .
It is almost guaranteed that hfel will rise today
How long it will last for is a different matter .

[investingdad] 04/9/2023 06:33

Hang Seng 2.5 pc and Shanghai up over 1pc. I'd presume Chinese funds will make some ground today, that should include HFEL.https://twitter.com/FinancialTimes/status/1698561705641394325?t=2I8HGfNSNHxJsE6Lt7rgHQ&s=19

[zac0_4] 03/9/2023 22:59

SS - Thanks for the update . . .

[superiorshares] 03/9/2023 21:39

The bondholders who were due their imminent monies have agreed to extend .
It is on vain to be honest that money will never be paid back and was just reading an article about that monstrous housing estate and the flats are not selling.
You can't blame the Malaysian on that . You would take one look at the place and run a mile!

[aleman] 01/9/2023 16:58

Regular premium? If memory serves me right it traded at a regular discount until ZIRP landed and still did so for spells of that. I think the last discount spell was in 2016. Until interest rates fall again, I'd be guessing that a modest discount would be the order of the day.

[sll] 01/9/2023 12:09

At 221.80p (still available) this stock yields exactly 11% - unless they are forced to reduce the dividend from its present level of 24.4p per annum. TBF - I was surprised when it was moved up from 24.0p! But, why would any Board 'do that' if they couldn't be reasonably sure of sustaining the new level? Further, the regular premium over TNAV per share (here) has been virtually removed - given the share price doldrums of August. I remain a modest buyer as funds become available.

[kiwi2007] 01/9/2023 10:28

China steps up support for property market and renminbi

Cheaper mortgages offered in biggest cities while central bank eases foreign exchange reserve requirements

Chinese authorities stepped up measures to support the renminbi and boost the country’s housing market in an effort to restore confidence in the world’s second-largest economy.

The People’s Bank of China said on Friday it would cut the amount of foreign currency that financial institutions are required to hold in reserve, signaling its resolve to support the renminbi, which has dropped more than 5 per cent against the dollar this year.

Beijing and Shanghai also lowered minimum mortgage interest rates for first-time homebuyers. The moves in China’s two largest cities followed similar cuts this week in Guangzhou and Shenzhen, and came after authorities on Thursday announced cuts to both rates and downpayment ratios for mortgages.

Policymakers have picked up the pace of new measures to support China’s currency and economy, particularly in property...............
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Good time to buy this trust I think? If you can hide the divi from the taxman in an ISA etc. then this seems like a 'no brainer'.

Even though I'll be taxed on the divi I think the yield and the risk is worth a small investment.

[veryniceperson] 30/8/2023 17:09

I dripped my toe in these today. 10.7% dividend makes it seem worth it. We will see.

[sll] 29/8/2023 22:58

Not for the first time! (we go back years) - I'm actually with Gateside on this. For sure - There are at least one million risks (hence the current SP). Have totally got that, however am also minorly topping up (yet again) - as recently as 25/8/23 - because there may also be overlooked upsides? What if it all goes horribly right? Most unlikely! - But even partially right?

Please (whatever your view?) DYOR and look/think longer term! At (say) 221.8p per share (close to the current share price and TNAV) this stock yields 11%.

[investingdad] 29/8/2023 21:49

Australia is very dependent on chinese trade. They have a free trade agreement that accounts for about a third of their trade. There is also the tourism and real estate investment which has seen massive growth. I think the way to see it is, if there is a recession without China firing then we will have a problem. There wouldn't be the same need for oil, metals, chips etc. Miners are already down and being sold off this year due to this setiment.

[tim 3] 29/8/2023 19:12

Superiorshares ever the optimist ;)

[gateside] 29/8/2023 19:01

Nice gain today.Any purchase sub 222p will secure an 11% yield