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Yep, markets will use the 10% down paintbrush.
So in current mkts, I gues we'll see sub 570.
Below expectations, but still a good set of results.
Good to see anothee 3 Billion share buyback
The share price better not drop 12% tomorrow like Standard Chartered and NatWest did last Thursday and Friday respectively.
You're holding for 720p? I'm holding for ever. I bought in 2007, then been adding 200 every yr from 2009.
Just think where this bank will be once it gets back on a good footing.
Compared to US peers, like oilies, pharma we are lagging, more so in last 3yrs since Covid and dividend cuts happened.
The reason I believe USA performs better is down to the dividend payment being close to S&P dividend average. The FTSE shares seem to payout far too high (4.5-6.5%)
Yes but back in April - I imagine that there is very good chance to sticking with that planned amount, after describing it as '' the first priority use of the proceeds from that transaction, once it closes. ''
If so, it will match a final dividend payment,. which I expect to also be 21 cents.
21 cents - already announced
The gap between HSBC and it's peers is growing, that's good to see as it is a quality bank so it'll hopefully continue to hold that martin and then it will go one of two ways. It'll fall back inline with sector performance or what I am hoping is the sector will follow suit. Only time will tell. £8.20 would be very nice, although I'll take some profit around £7.50 for sure.
Brj
HSBC are selling the Canadian operations for about 10 Billion dollars, which equates to about a fifteenth of the current market cap .
Brj
I only sold a small fraction of my shares,the last 2 purchases which were themselves buying back a previous sale at over 660p. I have certainly not sold a few because of any idea of over valuation. We are back to quarterly dividends which should be about 50 cents in total this year.
Proceeds from Canada may give rise to a return to shareholders, but equally go on further acquisitions (recently made one)
HSBC is my largest valued stock in my portfolio.
So how much do we think we will get as a special divi for the Canada sale?
The last two broker targets on here are £8.20. Is this really attainable in 12 mnths? Seems really high to me and tempted to cash some in at today's sp even though divi is still strong.
At over 653p
Farewell Canada - I worked in Vancouver for a short while for HSBC many years ago.
Https://www.gfmag.com/magazine/october-2023/rbc-buys-hsbc-canada
If sp, falls to price range 596-603, it should find support, and would be considered a buy, with limited risk. Price target 615, or better. The sector chart has broken upward for a bullish pivot today, which is helpful for the constituent equities.
Two week double bottom formation , broken out of upward . The height of the double bottom predicted sp, rise to 610, close to current sp. Overhead supply from previous trading at current sp, likely to impede progress upward. Also previously broken uptrend line is just above 615. If sp, can get a footing above 615, that would restore the former uptrendline.
The latest analysts' consensus figures for HSBC can be found using the link below
https://www.hsbc.com/-/files/hsbc/investors/investing-in-hsbc/pdf/230829-consensus-financial-estimates-for-hsbc.pdf
S
''hopefully pick up again after the summer.''
also need a bit of better news coming out of China - next buying level would be at about 550p - hopefully won't get there.
Thanks for that.
The other half back at just under 593p