Credit deflation and the reflation cycle to come (part 2)

[Castlevania]

6 hours ago, CVG said:

I bought some AT&T today. Nearly 8% dividend payable quarterly.

Sadly they own CNN. So they’re on my shitlist after the disgraceful way they’ve treated the US election.

[StrugglingMillennial]

Repsol up nicely at just over €1 today, i thought it would be a bit slower to get going than the rest but it might be my best performing stock of the day.

Im still wary of the market though, im no day trader but i fully expect things to be choppy for some time yet.

[JMD]

7 hours ago, sancho panza said:

 

Indeed,I think one of the msot compelling reasons to gain exposure to the sector is the currency hedge offered by the cross holdings of companies like Sing Tel/Vodafone.Ye olde Coma scale scores below,as I've said,balance sheets are poor across the sector compared to other sectors and in more than a few goodwill makes up well over 100% of the shareholder equity,which may or may not be balanced by some shrewd bond issuance eg Vodafone.

dyor natch

Company	Chart	Income	Bal Sheet	CF	Sector	SCS
Airtel Africa	3	5	2	5	4	19
America Movil	1	4	1	4	4	14
AT&T	4	4	2	5	4	19
BCE	1	3	2	5	4	15
Bharti Airtel	1	1	2	1	4	9
BT	5	5	2	4	5	21
Cellnex	1	3	2	1	4	11
Century Link	5	1	1	5	4	16
Deutsche Tel	2	4	1	5	4	16
Drillisch	3	5	4	4	4	20
KDDI	1	4	3	4	4	16
Koninklijke NV	4	4	2	4	4	18
KT Corp (Korea tel)	5	4	3	1	4	17
MTN (Africa)	4	4	2	4	4	18
Nippon Telegraph	3	4	3	4	4	18
Orange (France Tel)	5	5	2	3	4	19
Proximus (Belgium)	5	4	2	5	4	20
TLK (Indonesia)	2	4	3	3	4	16
Singapore Tel	4	3	3	4	4	18
SK Telecom	2	3	3	2	4	14
Softbank	1	2	1	1	4	9
Swisscom	2	4	2	3	4	15
T-Mobile US	1	3	3	1	4	12
Telecom Italia	5	2	2	5	4	18
Telefonica	5	4	1	5	4	19
Telenor	2	3	1	3	4	13
Telia	4	4	2	4	4	18
Telstra	5	4	2	3	4	18
Telus	1	4	2	1	4	12
Turkcell	1	5	2	5	4	17
United Internet AG	2	3	3	4	4	16
VEON	4	5	1	5	4	19
Verizon	1	4	2	3	4	14
Vodafone	4	3	2	5	4	18
Drillisch	3	5	4	4	4	20
Telenor	2	3	1	3	4	13
Turkcell	1	5	2	5	4	17
Airtel Africa	3	5	2	5	4	19
Cellnex	1	3	2	1	4	11

 

SP, are you aware of any good potential US telcos? Your list above contains some US ones but I have looked into them further and none jump out to me as a 'buy'. I do own AT&T, but the US market has many small players so there should be some other good ones. Or perhaps the big global companies like Vodafone give better US exposure than trying to pick from the smaller US ones.                                                                            The only US ones I have found so far are either unprofitable/very high debt/very regional, all factors which turn me off wanting to own them. However, I assume there are no US national players ever since the breakup of their telecoms sector in the 70's?

[DurhamBorn]

6 hours ago, StrugglingMillennial said:

Repsol up nicely at just over €1 today, i thought it would be a bit slower to get going than the rest but it might be my best performing stock of the day.

Im still wary of the market though, im no day trader but i fully expect things to be choppy for some time yet.

If i had done a rubber band list on oilies Repsol would of been top of the list.Hated sector,hated home country etc etc.We might see a day late in the cycle where companies like Repsol put on todays price/market cap in a few days.

Lots more volatility is likely,but its still nice to see those funds all selling just before the big jump in the sector.

 

[CVG]

 

https://uk.reuters.com/article/uk-bp-orsted-hydrogen/bp-orsted-launch-green-hydrogen-project-at-german-oil-refinery-idUKKBN27Q0S6

"LONDON, (Reuters) - BP BP.L and Danish renewable energy group Orsted ORSTED.CO have partnered to develop zero-carbon hydrogen at a German oil refinery, BP's first full-scale project in a sector that is expected to grow rapidly."

[Paulie]

8 minutes ago, CVG said:

 

https://uk.reuters.com/article/uk-bp-orsted-hydrogen/bp-orsted-launch-green-hydrogen-project-at-german-oil-refinery-idUKKBN27Q0S6

"LONDON, (Reuters) - BP BP.L and Danish renewable energy group Orsted ORSTED.CO have partnered to develop zero-carbon hydrogen at a German oil refinery, BP's first full-scale project in a sector that is expected to grow rapidly."

Big push on green by Labour, contrasting UK paltry investment sums to those in the Europe and US. The above is a start and mixes old with new. I wonder are there any more pure plays on green? 

Noted IShares Global Clean Energy with impressive past performance, but having hit buffers of late.

https://www.trustnet.com/factsheets/e/b4n0/ishares-global-clean-energy-ucits-etf-gbp

Anyone aware of  other suitable IT's or ETF's to aid in diversification to supplement oilies - just in case the Thunberg virus spreads itself? Also I wonder how these entities will fare come the inevitable BK (likely to be a double whopper with bacon and cheese this time).

I am thinking government investment targets will be green focussed, so a broad portfolio may not be too bad for those still surfing when the tsunami hits. 

[Paulie]

2 minutes ago, M S E Refugee said:

https://online.hl.co.uk/my-accounts/security_details/sedol/BBHX2H9

I think this is inviting me to log into your HL account. What is your username and password please?

[Hardhat]

38 minutes ago, Paulie said:

I wonder are there any more pure plays on green?

There is a thread about this in the basement somewhere...

Siemens Gamesa is probably a big beneficiary of any clean energy investment.

[Paulie]

Just now, Hardhat said:

There is a thread about this in the basement somewhere...

Siemens Gamesa is probably a big beneficiary of any clean energy investment.

I will have a hunt in the basement.

[Hardhat]

Just now, Paulie said:

I will have a hunt in the basement.

I started this a while ago to track a basket of clean energy investments. Haven't updated in a while, as I got addicted to oil.

[Paulie]

1 minute ago, Hardhat said:

I started this a while ago to track a basket of clean energy investments. Haven't updated in a while, as I got addicted to oil.

Thanks for flagging this up. Great for starters. I am also addicted to cheap & value, which seems to be oil presently. Just mindful of those damn socialists screwing up the world left right and centre these days. 

[Chewing Grass]

FTSE off like a rocket today, Pension Fund doing £20 every 5 minutes at the mo, did £42 every 5 minutes yesterday.

All that money printing liquidity is going somewhere and it ain't property at the moment.

Now this won't last long unless folks get extra money in real terms to spend.

[Boon]

Hugh Hendry has an interesting rant:

 

[Loki]

3 minutes ago, Boon said:

Hugh Hendry has an interesting rant:

 

Twitter really is the most pointless platform I have ever seen.

1. How hard would it be

2. To just have an option

3. To do long posts
 

4. To save all this bollocks

Interesting link though thanks!  

 

[DoINeedOne]

Repsol back in the green 

17 minutes ago, Loki said:

Twitter really is the most pointless platform I have ever seen.

1. How hard would it be

2. To just have an option

3. To do long posts
 

4. To save all this bollocks

Interesting link though thanks!  

 

Twitter can be great for following people you would never normally get to, but the problem is you need to clean out the shit every now and again

Also create a block keyword list - my twitter block list is along the lines off

Covid, Covid19, Covid-19, brexit, remoaners, brexiters, trump, biden, trans, gender, blm 

 

Makes the experience so much better

[Loki]

9 minutes ago, DoINeedOne said:

Repsol back in the green 

Twitter can be great for following people you would never normally get to, but the problem is you need to clean out the shit every now and again

Also create a block keyword list - my twitter block list is along the lines off

Covid, Covid19, Covid-19, brexit, remoaners, brexiters, trump, biden, trans, gender, blm 

 

Makes the experience so much better

 that block list.  That's good for life in general 

[Barnsey]

Anyone else getting a little twitchy about how fast their share holdings are going up, keep telling myself not to take profits already. Just have this niggling feeling we're going to get some big setback on the virus front, current inclination is the mutated Danish mink version being detected elsewhere.

The liquidity is strong yes, but it took positive virus news to kick it into action.  Could the opposite do the reverse?

[Loki]

I don't understand why the DXY is spiking.  I'm not worried just curious if anyone knows the mechanics behind it

@Barnsey I'm not going to change anything, just yet, if that helps

[Boon]

Only thing I can think is that there will be volatility. The risk in taking profits though is that prices may not come back.

Oil shares and telecoms are up by a lot, but in the bigger context of things are still really close to the lows.

RDSB at £11 seems quite high now after seeing it below £10 for ages, but not long ago appeared to be a massive bargain.

[jamtomorrow]

23 minutes ago, Loki said:

I don't understand why the DXY is spiking.  I'm not worried just curious if anyone knows the mechanics behind it

Everyone and his dog suddenly wants to trade the vaccine news -> spike in demand for liquidity?

[StrugglingMillennial]

4 hours ago, DurhamBorn said:

If i had done a rubber band list on oilies Repsol would of been top of the list.Hated sector,hated home country etc etc.We might see a day late in the cycle where companies like Repsol put on todays price/market cap in a few days.

Lots more volatility is likely,but its still nice to see those funds all selling just before the big jump in the sector.

 

Yes it was interesting watching the funds sell up, they must be kicling themselves.

Thanks for suggesting them, i wouldn't have looked at them otherwise 🍻

[Loki]

23 minutes ago, jamtomorrow said:

Everyone and his dog suddenly wants to trade the vaccine news -> spike in demand for liquidity?

I thought that but the vaccine news just sounds like 'after the fact' rationalisation of the liquidity surge (I think @DurhamBorn said the same) and it's even boosted my reflation portfolio which has no FAANG/medical stocks.

I was just expecting DXY to drop as the reflation shares rise but maybe it's a lagging indicator

[Popuplights]

53 minutes ago, Boon said:

RDSB at £11 seems quite high now after seeing it below £10 for ages,

Not when your average holding is £14.50 It doesn't....😢

[Loki]

3 minutes ago, Popuplights said:

Not when your average holding is £14.50 It doesn't....😢

Same here with BP!

Highest price paid: 484.08p

Lowest price paid: 288.70p

Weighted average price paid: 357.43p

Just got ignore that, collect the divis...and wait.

[Boon]

Ha yeah. Still well down on BT, there will always be something that is ****.

FTSE closing in on 6300 now. Seems like it was only 2 weeks ago that 5500 would be breached.