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HSBC Share Chat (HSBA)



Share Price: 657.60Bid: 659.50Ask: 659.60Change: 6.50 (+1.00%)Riser - Hsbc Hldgs.uk
Spread: 0.10Spread as %: 0.02%Open: 652.60High: 659.90Low: 650.40Yesterday’s Close: 651.10


Share Discussion for HSBC


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AllAtSea
Posts: 919
Opinion:No Opinion
Price:645.60
RE: Are taxes too high on fuel?
Sun 09:25
You are right. They need to get fuel down so I can afford to eat out at the drive-thru MacDonalds of an evening.

Given your omniscience, would you mind telling me what way this stock is going?

That I do need to know.
 
Love_You
Posts: 1,013
Opinion:No Opinion
Price:648.70
Are taxes too high on fuel?
Wed 11:33
Fuel in the UK costs circa £1.25 per litre.

Back in 2008 when oil was trading over $100 per barrel the price at the fuel pumps was about £1.25.

So now crude oil is half the price ($50 per barrel) the price of petrol at the pumps is the same as when crude oil was more than double the price (over $100 per barrel).

Ergo I can only conclude that taxes on fuel in the UK are far higher than justified by the economic fundamentals.

Ergo if UK government want to be re-elected in 2021 they would improve their chances by reducing taxes on fuel by 50%. This would lower the petrol price at the pumps to circa 90p per litre. Even that is double the price of fuel in the USA.
AllAtSea
Posts: 919
Opinion:No Opinion
Price:642.20
RE: So little stability
6 Jun '19
I am entirely selfish and I can't help feeling I should get a few more in at this price.

How long can Trump go on bashing China anyway?
Love_You
Posts: 1,013
Opinion:No Opinion
Price:646.30
RE: Dividend increase and Buyback
5 Jun '19
I posted that about Shell as it's relevant to banks. Banks need to know the pain certain sectors of the market are going through. This is why the ordinary person is becoming poorer and a tiny percentage in society are becoming richer at an exponential rate. It's because banks are closing down too many smaller companies and whenever the politicians ask why the voters are angry the banks shrug their shoulders and tell the politicians everything is fine because a handful of large companies have been plodding along with only occasionally cutting 10% of staff (I think the last time Shell cut 10% of staff in the North Sea was 2016).

But the point is the bankers never tell the politicians about the thousands of smaller companies around the globe that are going bankrupt each week or about the lack of finance available to people who'd like to start-up a business (such as myself).
Love_You
Posts: 1,013
Opinion:No Opinion
Price:646.30
Dividend increase and Buyback
5 Jun '19
The oil industry is always talking about boosting returns and yet the big companies are barely growing their dividends whilst the smaller ones are going bankrupt and destroying tens of billions in equity value between them.

https://uk.finance.yahoo.com/news/1-shell-eyes-dividend-spending-070210814.html

Just hope Shell sticks to its promises and it seriously needs to start increasing dividends again after years of them remaining static (falling behind inflation) - also a share buyback would be useful - could do with a largish one, say around $75 Billion please?
Love_You
Posts: 1,013
Opinion:No Opinion
Price:645.10
Long-term UK issues roosting
2 Jun '19
Pok Wong, also known as Fiona, said claims made in the university
's prospectus were untrue.

She told the BBC in 2018: "They think we're international students [and] we come here to pay our money for a piece of paper, for the degree. "But actually...They exaggerated the prospects of a career studying with them, and also they exaggerate how connected they are."

https://www.bbc.co.uk/news/uk-48490572

I've also invested a lot in my education in the UK - and despite gaining a First class disagree and a Masters with distinction it hasn't helped my career prospects.

No doubt some people will say my family should have just invested in bricks and mortar and we would of made out like bandits. Sadly our family (and me included was happy to choose this direction) invested in education and knowledge -- the financial returns from which have been extremely negative and very painful.

I am sure some of you will think myself and my family stupid ... and you are entitled to your opinions. However I also think UK education was miss-sold - and the huge boom in UK house prices from 1996-2006 was rather unfair to everyone else in society apart from the people who were making this boom happen - which was no doubt a significant percentage of UK investors but certainly it distorted the economy and was a hugely unfair boom in many ways as whilst Tony Blair was telling people the future was education and knowledge he was telling his cronies that the banks were closing down UK brick factories and given Labour policies of no more building on the green-belt, plus the minimum wage and unofficially unrestricted/lax immigration, that house prices were going to go through the roof.

Some people who profitted from this may think they were smart and the people who did not profit were stupid. But there are other ways to look at this situation - and one is that it was a great economic injustice in that splitting houses into flats and renting them out to immigrants doesn't really make a country richer (it's not really overall positive to the economy) as the extra pressure it creates on services/roads/schools is borne by the public, yet the extra wealth it generates to property speculators is private profit and goes into a fairly small number of "well-connected" hands.

Also Labour privatised profits in many other sectors and left the liabilities for the taxpayer to pick up. And the Conservatives have not done anything to reverse this except in less than a decade in office they have doubled the national debt and have not really proven that even with such financial largesse they could create widespread sustainable economic growth.

Hence I think why the party in office has been doing badly in all the elections (of any type) for the past ten years. The ordinary middle-class rump of Britain has been sold out by the politicians - undercut by too much immigration and hurt by overpriced rents/house prices.
Love_You
Posts: 1,013
Opinion:No Opinion
Price:645.10
Policy changes - Tariffs seem real.
2 Jun '19
https://www.bloomberg.com/news/articles/2019-06-01/trump-s-tariff-pain-set-to-ricochet-from-china-to-global-economy?srnd=premium-europe

“There will be significant trade destruction and trade disruption for most countries,” said Chua Hak Bin, a senior economist at Maybank Kim Eng Research Pte. in Singapore. “Many countries, especially more open export-oriented economies including Singapore, will risk slipping into a recession.”
Love_You
Posts: 1,013
Opinion:No Opinion
Price:645.10
KNow it's broken
2 Jun '19
“There will be significant trade destruction and trade disruption for most countries,” said Chua Hak Bin, a senior economist at Maybank Kim Eng Research Pte. in Singapore. “Many countries, especially more open export-oriented economies including Singapore, will risk slipping into a recession.”

https://www.bloomberg.com/news/articles/2019-06-01/trump-s-tariff-pain-set-to-ricochet-from-china-to-global-economy?srnd=premium-europe
Love_You
Posts: 1,013
Opinion:No Opinion
Price:645.10
KNow it's unbalanced
2 Jun '19
So the economic system says that hitting a tennis ball (albeit with great skill) back and forth over a net is worth over ten times as much as the value added by the Prime Minister of the UK. Seems that the PM is hardly an important job after all. Therefore the message to business is just ignore politicians and do whatever you want - ergo fixing social problems/inequality/poverty is not within the realm of what is possible.
Basscadet
Posts: 362
Opinion:No Opinion
Price:659.40
RE: So little stability
26 May '19
Speaking completely selfishly HSBC shases are about the best place for one's money should that scenario play out. The UK economy will shrink and standard of living go down but with HSBC not recording much if any profit here and dividends paid in dollars it's very resilient.
Tom78
Posts: 1,167
Opinion:No Opinion
Price:659.40
RE: HSBC
24 May '19
I think it will be a long time until we see over 9 pounds
thaiexpat
Posts: 45
Opinion:Strong Buy
Price:658.30
HSBC
24 May '19
Goldmans upgrade from Neutral to Buy target price 925 pence. First major upgrade in a while. Huge positive. This is sooooo cheap.
AllAtSea
Posts: 919
Opinion:No Opinion
Price:658.70
RE: So little stability
24 May '19
We must be prepared to discover that many of our blue chips have taken similar measures to ward off the effect of 'no-deal'. Since the Unilever imbroglio when they made a big issue of moving their HQ companies have learnt the dangers of making their plans public. Much will have occurred under wraps and as a shareholder in several I certainly hope they haven't been sitting on their thumbs.

Now May has gone what chance of a deal is there? The rest of the EU have no great liking for her rivals for power whether it's Tory or Labour.

Must admit I don't pick up 'copper' coins if I see them lying in the street; they aren't even copper anyway, you could pick 'em up with a magnet!
Love_You
Posts: 1,013
Opinion:No Opinion
Price:652.50
So little stability
21 May '19
To prepare for Brexit, Banks have transferred billions of pounds in client
assets to new European Union legal entities and shifted around 2,000 roles away from London to new hubs in cities including Dublin, Paris, Frankfurt and Madrid.

But now the hard graft is complete, the industry biggest players say they would not reverse those changes even if Brexit was scrapped.

Spreading top talent across several European cities has enhanced the banks' appeal to some EU clients and reduced costs linked to doing business in London, one of the world's most expensive cities.

"The horse has bolted," a source at one of the banks which responded to the survey said.

https://uk.finance.yahoo.com/news/britons-keep-copper-coins-082742359.html
eviking
Posts: 2,395
Opinion:No Opinion
Price:653.80
Div thursday
13 May '19
You gonna be in it to win it.
Love_You
Posts: 1,013
Opinion:No Opinion
Price:652.00
Spirals and Cycles
12 May '19
https://tradingeconomics.com/greece/stock-market

The problem is greedy Shareholders and CEO's intentionally forcing these companies into administration whilst paying themselves massive bonuses! How it works is you buy a company cheap say £10 million, then secure loans against it for £15 million, pay yourself a bonus of £15 million, then the company goes into administration and it's totally legal, as was proven by what happened to Phones 4 U, Debenhams and many others. The people at the top always walk away with loads of money in their pockets and it os the Taxpayer who are left to pick up the tab. This has now become standard business practice, but if you look at who it is behind this, it's all foreign investors or people like Mr.Green!

Companies are being put into administration - with shareholders losing everything - so that the banks can then re-lend against a lower valuation, or can re-issue equity at a lower valuation - and in doing so bolster their capital ratios. Yet the bankers forget that although this may bolster their capital ratios it is actually sucking all of the original equity value (what the shareholders believed the shares to be worth when they bought them) out of the UK economy - which is going to lower the amount of money flowing around the UK economy in future - which is possibly going to inflict further losses on the people who bought the re-issued new equity or the people who took on the new loans against the re-valued/re-structured business.

It all sounds a bit like a negative, self-perpetuating, downwards spiral in terms of the economy. Individual decisions are always good for the individuals involved - but on the whole the economy seems to be slowing and the public are getting more annoyed about being told things will get better for the last 10 years - when for most people things have got worse (national insurance rises, enforced pension contributions, zero-hours contracts, reduced premiums for working Sundays, axing of defined -benefit pensions, explosion of pension fraud and incorrect information regarding pensions transfers to less-beneficial annuity schemes, foreign-owned utiilities increasing prices and then moving capital abroad without re-investing in UK, etc.)
AllAtSea
Posts: 919
Opinion:No Opinion
Price:668.00
RE: Capital for entrepreneurs
7 May '19
You sound like someone with a particular grievance against HSBA.

At the end of the day banks aren't there to implement measures that should be governments responsibility, they are simply in the business of making profit in whatever company in whatever country offers that opportunity.

I don't invest to lose money so if a bank showed signs of doing that I would have to withdraw my investments from it.
Love_You
Posts: 1,013
Opinion:No Opinion
Price:680.60
RE: Capital for entrepreneurs
6 May '19
http://www.lse.co.uk/sharecast-news-article.asp?shareprice=&ArticleCode=28994251&ArticleHeadline=Zombie_firms_dragging_down_UK_economy__KPMG

Is there any chance of HSBC increasing the amount of lending to entrepreneurs in the UK - and making it easier for good ideas to receive funding without having to go through some completely inane online sequence of forms which are analysed by an algorithm and therefore what hope is there of good ideas getting funding (surely the people who understand the algorithm that HSBC is using can just siphon off all the capital to their mates?) Banking needs to go back to common sense - it'll be an awful economy if more-and-more lending decisions become algorithm controlled - because whoever writes the code will know exactly what the applicants need to enter into the system to receive an offer of funding - hence it will just result in massive crony-ism because the people who write the code will obviously help out their mates who may be in need of capital but may not have a very good business idea.

Oh well - I guess if there were no algorithms then people would just do their mate's favours anyway in terms of access to capital. Hence it's hard to see that either way is best - therefore probably the middle ground is the best to aim for.
Love_You
Posts: 1,013
Opinion:No Opinion
Price:680.60
Capital for entrepreneurs
6 May '19
Is there any chance of HSBC increasing the amount of lending to entrepreneurs in the UK - and making it easier for good ideas to receive funding without having to go through some completely inane online sequence of forms which are analysed by an algorithm and therefore what hope is there of good ideas getting funding (surely the people who understand the algorithm that HSBC is using can just siphon off all the capital to their mates?) Banking needs to go back to common sense - it'll be an awful economy if more-and-more lending decisions become algorithm controlled - because whoever writes the code will know exactly what the applicants need to enter into the system to receive an offer of funding - hence it will just result in massive crony-ism because the people who write the code will obviously help out their mates who may be in need of capital but may not have a very good business idea.
AllAtSea
Posts: 919
Opinion:No Opinion
Price:680.60
RE: Super
6 May '19
Ooops forgot it was a holiday int the UK. Tomorrow then?
AllAtSea
Posts: 919
Opinion:No Opinion
Price:680.60
RE: Super
6 May '19
Buying opportunity this morning?
longtimeinvestor
Posts: 6,080
Opinion:No Opinion
Price:684.80
RE: Wow
3 May '19
''I remember in early 2016 when it briefly touched less than 400p ''

I caught more or less the low when I topped up at 422p on 5th April 2016.
This was at a time when the stock was way oversold with concerns about the sustainability of the dividend
longtimeinvestor
Posts: 6,080
Opinion:No Opinion
Price:684.60
RE: Super
3 May '19
HSBC is my largest investment by current value, so very pleased with Q1 results. There were concerns of dividend cuts not that long ago, but hopefully those concerns can now fade away.
Love_You
Posts: 1,013
Opinion:No Opinion
Price:684.60
Wow
3 May '19
Really surprised by this share price zooming upwards towards 700p again.

I remember in early 2016 when it briefly touched less than 400p - although I think that was perhaps in an "auction" and maybe the actual lowest price in non-auction trading was around the 400p level.

I guess HSBC is worth more now than RBS/Lloyds/Barclays combined - interesting fact as back in 2009 I think Lloyds/Barclays/RBS combined were worth a fair bit more than HSBC (in terms of their market capitalisations of their equity).

Anyway it's been an interesting lesson for me as my thought in 2009 was that the highest quality bank listed on London was HSBC - and over the next decade that has turned out to also become the market's opinion as expressed by the value assigned to their shares. However, let's not forget the horrendous dips in share price on the "journey" to hear and I empathise with the pain that these cause to any suffering fellow shareholders.

I'm wondering where the value in HSBC is being generated? Is it their ability to finance manufacturing in China which is generating the value for HSBC - it seems unlijkely any value comes from American mortgages as in the past people have been trying to sell off all the junk mortgages in the USA - being such a large country there will likely always be issues in the USA about how to value property - because to some extent the financial desirability of a large country house in the USA will depend on the oil price - and also the general economy is probably quite oil-price-dependent (fine whilst they have oil) - but looking out beyond 2035 it could become slightly riskier unless there has been either new oil fields discovered or a reduction in oil demand by then. However 15 years is a long time and probably more than enough time for the American economy to transition to wherever it wants to be - can we say the same about the Chinese economy or not?
Wilks8
Posts: 512
Opinion:No Opinion
Price:684.50
Super
3 May '19
set of results HSBC, well done. USA turnaround highlighted, sky's the limit, delightful stuff! GL holders, spectators.




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