HSBC is one of the largest banking and financial services organisations in the world. It has around 89 million customers throughout its four global businesses. It consists of 7,200 offices in over 80 countries. HSBC first opened for business in Hong Kong in 1865.
Have just sold, as these have only just come back to what I paid for them a year ago. Dividends are ok, approx. 4% a year, but without capital growth I've lost interest. Too many uncertainties about China to make them a hold at present. Neil Woodford sold his holding in them, after which they have continued to rise, so even he didn't get the timing right. I know it's a huge, very secure company and no doubt if I had held onto them longer, they would have gone up in time, however, I know that via managed funds I do have a small investment in HSBA, so I've decided that that will be enough.
Please can you give more information about the chart and your thoughts
RE: Re Woodford
A NEW buying signal has been generated by one of my charts for HSBA. I'm not invested ( yet ). Be interesting keeping an eye on this share over the short term to see if so, although it seems do have done pretty okay as is, since July - but why a new additional buy signal right now? Curious.
RE: Deaf of dinosaur begins
No. Bigger plan is to shrink the business. They wouldn't be selling parts to buy new businesses, robing Peter to pay Paul is common approach banks and their creative accounting works for a while. HSBC simply has no dosh, like most other banks and is rising funds to hide it and not make it to obvious. If HSBC wish is not to rely on Asia (work shop and increasingly innovation centre of our planet), do you think HSBC has some good deal going, that we know nothing about, with ET? This is a rotten business , rotten company and NW had a spin on it to show off knowing one can make money even from bones of dinosaur. The farce could go on for a while longer, but than back to 2008. Gla
16 Sep '14
15 Sep '14
RE: Deaf of dinosaur begins
Part of a bigger plan ? Could they be raising cash rather than BOE funds to go on acquisition trail ( cash plus shares) as they have sold off considerable non core activities.....possible imho....who might be the target....some interesting bite-size deals out there about to become available and useful bolt-on to diversify away from reliance on Asia.
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