I have held them from time to time but as a trading deal not my usual LTBH because they have no compunction about cutting the dividend when they have to. Cathay Pacific is the real problem I think because it is either feast or famine the latter as of now Like all airlines it needs huge capital investment and makes a lot of money once it exceeds its break even load factor, in fact at that stage most revenue is pure profit but the reverse is also true so its results are very volatile.
Swire has managed the airline almost from the start so they have plenty of experience but it has a China political exposure nowadays. I do not know though whether that inhibits them in any way. Swire Pac's results are made worse by its exposure to oil services. They have made a lot of money there for many years but the oil slump has hit that division badly as the results show.
Like most family companies, they are running it for the very long term and it is very conservative with relatively low borrowings. So now might be a good time to buy but I would be prepared to trade if you see a decent profit. I am sure they will turn it round but it will not be that easy. As for trading in the shares, I have used my contacts in HK and have never tried using a London broker Dod. I suspect Swire slightly regret listing a minority in their property business, they no longer have the ability to fully leverage those assets.
And it's not really worked in terms of unveiling hidden value in the group. I really would not be surprised if they attempt to buy back full control at some point.
On the other hand, betting on holding for five years assumes the same management as is in place now, which can never be guaranteed. Simon Rogers at. That may not sound like a stellar return, at least not compared to the scorching performance tech stocks turned in last year.
Then, there are those cheap B shares. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I agree to TheMaven's Terms and Policy. That's because Swire has two classes of shares listed in Hong Kong: Almost any broker's report talks about the A shares, the ones that are part of the benchmark Hang Seng index, not to mention the regional indexes compiled by Morgan Stanley Capital International. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Dow Jones. Show Conversation Hide Conversation 1. Sponsored Offers. Note: the lack of numbering on the individual election resolutions adds to the confusion that voters may feel. Note: Webb-site. If you want your votes to count, then you will have to demand a poll yourself, unless the Chairman does the decent thing and calls for one.
Resolution 2. As we oppose one of the candidates, we will vote against resolution 2. Frankly, the inclusion of 2. We are in favour of all candidates except David Eldon Mr Eldon. These cross-directorships between Swire and HSBC constitute a further conflict of interest for Mr Eldon, so we cannot regard him as independent.
0コメント