Heavy hit this morning. Just had my head above at 218 now back on with my Aqua Lung. |
NAV now over 230 and trending nicely Might have finally turned the corner here |
Delighted to read yesterday HFEL buying back shares at 10p discount... |
An update :- |
Quite a lot of shares are motoring in Asia. Below is a link showing the booming Kazakhstan stockmarket and the share price of VNH, a Vietnamese investment trust. The NIKKEI hit another new high overnight. Some Asian countries have been cutting interest rates despite having higher inflation than us and they seem to be doing well on it. It makes me hopeful that the recent slight recovery in HFEL is the start of something a bit more meaningful.
free stock charts from uk.advfn.com |
Here is the Chart for the largest holding in HFEL's portfolio - Taiwan Semiconductor Manufacturing - up around 50% since Jan 1, 2024 |
Nikkei may be up in percentage terms but the currency is weak, so in USD terms it's not so impressive. |
It's a reflection of strength in a number of Asian stockmarkets in the last month or two, though. It's starting to look like light at the end of the tunnel for Asia. I just hope it's not another train. |
HFEL have less than 1% invested in Japan, so impact will be limited |
Nikkei record close, up over 2%. |
It seems a bit strange how we're getting reports that China is doing badly so they've cut rates again today. Last GDP rose from 4.9% to 5.2% and car sales have been breaking records. If that is bad, what is good going to look like? Several Asian economies already seem to be picking up well. What then happens if China starts motoring, too? I'm hoping HFEL is well placed for this. |
Short term moving averages look interesting though long term do not seem to suggest they are an important drivers? |
214.50 - 217.00 (GBX) at 14:30:35
on Market (LSE) |
Shanghai Index up 1.6%. That makes 9.5% from the low of two weeks ago. Chinese Lunar holiday tourism reported at +47% to go with recent record car sales. |
I can't produce moving averages of NAVs but I'm confident it would have broken above the 200-day if I could. |
But someone is still selling !? |
NAV up again.
It looks like China is turning. Shame HFEL lightened up there but it will still drive growth elsewhere in the region. I've topped up. |
Also picked up some more today. It looks as if the tide has turned, but who knows? |
added a few more, 4 day increase in nav, 221.1p |
added a few this afternoon. NAV picking up a bit, not so worried about the funds China exposure now it's down to around 14%. |
Chinese services PMI 52.5 from 52.7. Composite PMI 52.5 from 52.6. Despite all the gloomy reporting on China, PMIs are holding up well. Prices charged fell marginally, suggesting plenty of room for stimulus. |
Opened up well this morning. Hope it holds. |
Skinny
24k.hardly! |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
