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.
http://uk.finance.yahoo.com/news/london-gold-fix-banks-accused-105321371.html OMG Yet another one!
26 Feb '14
comsman - HSBA Yield
Hi there. We bought shares here mainly for the same reason like you state for clients portfolios because of the yield at the request of the clients. The issue that you fail to address is the constant talk in the background of a new share issue to raise capital covering what is considered by many as overvalued overseas assets, secondly the fact that HSBA being a global bank has a higher than average exposure in places such as China, HK, etc. With generally accepted worries about property bubble and a chinese economy exploding from 12 trillion dollars in 2008 to over 25 trillion currently mostly on borrowed money [ credit] any talk of default and the issues that could emerge from something like that are real and it is also generally accepted that with such a model of growth already in place for 6 years ..the scope for a plausible large correction even 'explosion' in China is great especially for 2015 and ahead and what effect would that have to the portfolios of people like you , like our investors that are interested on yield then? So what I try to say is that there are far too many unknowns, buts and ifs...yield is great, but why is price then so much under performing the FTSE100 when almost all analysts point to a much higher price? Any safer long term yield stocks to choose perhaps? Luck is indeed needed here as well as caution.
26 Feb '14
Income v Growth or both?
Hi all, just been reading some of the messages here and the axiety expressed regarding the current SP. I am a long term holder of HSBC but am mainly interested in the dividends so the current SP fall doesn't bother me that much. Sure it would be nice have an SP of £7 plus again with the increased 'wealth' that goes with it but I bought HSBC for the reliable quarterly income. As a long established blue chip company HSBC is hardly likely to go out of business so when business performance is poor my philsophy is just to sit it out, similarly for my RDSB, RIO and VOD holdings. I do pursue growth opportunities but these are limited to businesses I really understand. Good luck to you all whatever you take on HSBC.
26 Feb '14
I may regret it but when you have lost your trust in a share, it is time you let go. I think there are other opportunities out there somewhere less stressful. I may be back some time later if the SP does drop below £6. Goodnight to you both and good luck to all from Hampshire, UK. SIDI
25 Feb '14
Sorry to see you go but a profits a profit. See you in the future! BW
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