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At 589p
I don't think I can remember a time when HSBCs dividend yield could approach 10% when you include the special at $0.10 on top of $0.61. so have topped up
I thought that rugby playing ceo said they were already well provisioned for the Jainaaaah write down?!
Think that biggy will steady the ship for the day.
Bullshot macro trend with a bullshot pennant triangle. Whatever all that cr@p was trying to impress us with.
There was more clarification on the Canada sale during the management presentation this morning.
The proceeds will be c $10bn with c $4b i.e. 21c per share for the special div. Regarding the remaining c $6bn they said that they expect an ongoing share buyback process.
On the timing, they expect the deal to complete in H1 but it may not be possible to pay the special in H1 as there are regulatory processes to go through first, however they will pay it as soon as possible.
I'm with you Grezzz. The results are excellent with the exception of the write down. We should expect a few hits from time to time as we operate in a price for risk world. The fact is the majority of the risks are paying back handsomely, record profits, record buy backs and finally an outstanding dividend. HSBC's size simply means these knocks are small in comparison to the picture and my view is we are the best run bank in the sector. Tier 1 ratio is actually up, we're a very strong bank.
I consider the drop this morning as a bonus. Topped-up...
Today's results have blown your chart up.
Lost today what it would be anyway. Ho hum.
Only that they expect to pay it in H1 2024, so by the end of June this year.
No mention of the Canadian deal special divi yet?
HSBC said that they were targeting a dividend payout ratio for 2023 and 2024 of 50% of EPS (excluding exceptional items) which is why the final this year is 31c.
Today they have confirmed their target payout ratio of 50% of EPS in 2024.
That $3bn writedown on the Bank of Communications stake stings on an otherwise great set of results.
I thought that the final dividend would be 21 cents to match the 51 cents yearly total, as it was a number of years ago, but in fact the final dividend is a massive 31 cents.
Https://www.hsbc.com/news-and-views/news/media-releases/2024/hsbc-holdings-plc-annual-results-2023
Hope tomorrow brings us great results and a high single digit share price rise like Barclays and NatWest got. Also, I'm curious to see if they'll announce how much special dividends and buybacks we're receiving from the sale of the Canadian unit to RBC.
#HSBA is moving in a bullish macro trend and within a smaller bullish pennant triangle. I have attached a few of my chart ideas. https://www.tradingview.com/x/ANERSpzz/ https://www.tradingview.com/x/7hlDYk9v/
Good decision to exit
Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, according to a government decree.
HSBC said in June 2022 that it had agreed to sell a 100 per cent stake in the unit, HSBC Bank (RR), to Expobank.
Moscow has steadily tightened restrictions on foreign asset sales since then, with banks requiring Putin's approval for any deal.
The latest analysts consensus for hsbc can be found using the link below.
https://www.hsbc.com/-/files/hsbc/investors/investing-in-hsbc/pdf/240208-consensus-financial-estimates-for-hsbc.pdf?download=1
Gervais Williams Premier Miton 17 mins in .
Bought FIRST REPUBLIC BANK for £1 worth 1 billion to HSBC.
https://www.investorschronicle.co.uk/podcasts/2024/02/06/i-always-feel-it-is-a-bit-disappointing-to-buyback-shares-gervais-williams-of-premier-miton-group/
Disappointed HSBC lost out to Barclays for the acquisition of Tesco’s retail bank.
Https://news.sky.com/story/hsbc-hit-with-16357m-fine-over-deposit-protection-13059778
More robbery and not as if HSBC was in need of the FSCS !!