QFIN a Super Stock from China.Is it worth borrowing to invest in this share? Stock Rank 100

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25th Oct '24 by lightningtiger

4 comments 353 reads

As well as a Stock Rank of 100, the Quality is 99, Momentum 99 & Value 91.

This is a £4BN company offering credit based technology services with risk management software. Is this worth the high risk of borrowing to invest or a big no no?

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About the Author

Lightningtiger

Premium Member

700 club gold member. Anniversary yesterday 1/10/2013. Recently returned from New York with a wish to see Wall Street for myself as a bit of a satisfying accomplishment. I first got interested in investments when I was a financial advisor for 14 years. I learned a lot & went to quite a few investment seminars. The one I remember particularly was with Fidelity. They visited the companies that they invested in and held them for a long duration in their portfolios. The other thing was with different currencies that they could buy a particular stock with and of course sell it if it was favourable with another currency. This was potentially more risky of course. It was not long before I realised that all the money from the insurance premiums had to be invested and who was doing it. We used to sell investment bonds where 5% was allowed to be taken tax free once a year on the anniversary of the policy which could run for 20 years.There was a choice of Managed, Property, or Equity to invest into. It was at this point of time that the Property fund went up 40% in less than a year. A simple comparison with the Managed and Equity funds showed the difference. I was soon taking a keen interest in unit trusts and shares, looking for things that were going up and the highest that they had been and bought them. I bought a software package with Up-data which enabled me to be much more efficient, putting stop losses in. Drummed into my head was cut your losses and sell when a stock breached the stop loss and let the profits run. Another stepping stone was to buy myself a Rolls Royce silver shadow that was chestnut brown in colour. The reasons were threefold. 1. That I could afford it. 2. The two managers for the insurance company that I was working for were called Douglas & Rolls. 3. I was still single. As well as doing the insurance business I joined an investment club in Basingstoke and became their chairman. We closed it this year sadly because of ill health with some of the members. Now I have a portfolio that I am able to take out (if & when I want to some cash) just like the insurance bonds but much more flexible. I enjoy the technology stocks and have taken profits several times from Arm Holdings which is the only share that I have held for many years now. Having just got this Stockopedia yesterday (first saw it at an investment seminar in London earlier this year) when I noticed Dart Group (DTG) so that is now in my portfolio too. I suppose you could say I am an analyst & a chartist. It was good to see my portfolio already has Globo, , Blinks, Clingen ,Dart, Wanddisco, opay,Easyjet ,LLoyds Arm Telicom Plus(which has doubled and a bit more but then started to drop so I have just sold almost half and re invested the proceeds into ASOS.) In conclusion I hold about 20 shares, and have just INCREASED my holdings in Globo about two weeks ago, and noticed someone has reduced their holding with Globo to 3%.I hope they are not still holding the poor pawnbroker shares (guess who) -40% in one day followed by further catastrophic drop. A good case for a stoploss . Join the 700 club and put some money to work I say. more »

4 comments

Carey Blunt

25th Oct '24

I’ve looked at it as it appears on many screens but couldn’t come to a conclusion. So far I have stayed on the sidelines. I certainly wouldn’t borrow to invest in it.

Your risks would all be unquantifiable regulatory risks related to PR China suddenly not allowing this company to do what it does anymore.

lightningtiger

25th Oct '24

Hi Carey,

I totally agree not to borrow to invest. I was a financial advisor for 14 years & this would never have been allowed under the FSA act, as it was then, & now called FCA.

Now our country is considering this highly risky action!

China will have it's own regulatory body no doubt.

From their website we have 53.6 M users with 160 financial instituions involved. Net income +23.3%. Repeated borrowers a wapping 93% & AI - powered on line advertising.

I am a holder of this share, but unfortunatly can not hold it in an ISA with Hargreaves, although Stocopedia is showing that it can be. A dividend will be paid on 1st November.

baldryjames

28th Oct '24

iWeb also said QFIN was not ISA'ble, and I pushed for them to check with the trading desk, and then they changed the status of it on their platform and I was able to buy within my ISA, so might work at Hargreaves too.

Ian Powell

11th Feb

Halifax Stocks and shares isa allows you to hold it

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QFIN a Super Stock from China.Is it worth borrowing to invest in this share? Stock Rank 100

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Lightningtiger

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