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.
Nice 18p bounce from 490 day lows to day high 508. Some of those who sold near the lows probably took a huge loss from sheer panic. Little sense to it. - GLA.
RE: I still here all
Hi Poker How are you keeping :-) I could not agree more Life’s too short ….. KEEP SMILING as AlanG says .....lol
RE: I still here all
SUF Current SP is for buyers, if you are not selling then come back when someone offers a decent price....same with anything else....you are in no rush so sit back and enjoy life for 12 months and then come back....if you had bought into a fund you probably wouldnt think about the fund until the 6/12 month update letter arrived so do the same with these...
RE: I still here all
Hi SUF, thanks! Stay strong. We'll see better days when this blows over. I too would add with more funds, but until I sell my ANTO shares, (maybe take profits there next week?), I'm also done for now, glad to hold 3 tranches here. IMO, being brief, no-one really knows what's going to happen in short-term. Market is volatile & unpredictable. A major fund may sell out as it wants to transfer out of banking into another sector. Or, they may add at these low prices. I haven't a clue. No-one does. However, I do know this: fundamentals here are strong & TA over longer timeframe points to higher levels again later. Maybe in circa 12 months, maybe a bit longer or less time, but this will be back to higher levels. Meantime, whilst we wait for recovery, we've well over 6% dividend. No savings account can compete with that. All the best as usual!
I still here all
But hiding behind the settee It’s hard to post positive stuff and also no money for topping up … the money sadly has run out It’s been tough times here and its only just been over 3 months been a proper investor in HSBC but like with most FTSE 100 shares over last 3 months My Paper losses today are £££ but I am here for the stretch and will see my pot of gold and never sell my HSBC shares at a loss In for a penny in for a pound all Be brave and with me ride out this silly traders storm PS Hello Jack … Good to see you posting some great stuff believeeeeeeeeeeeeeeeeeeeeeeeeeeee
Brokers on HSBA, et al
I don't follow them, but maybe of interest for holders: consensus from 27 Brokers for HSBA: 7 Buy, 1 Outperform, 15 Hold, 4 Underperform, 0 Sell. http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=HSBA:LSE As disappointing as recent falls are due to China's correction, as mentioned before, fundamentals like P/E, EPS, divi yield, etc. seem solid here compared to other UK banks. Longer-term chart, ie. over 5 years, also shows reasonable resilience &, despite a few sharp falls, consistently impressive powers of recovery to much higher SP levels. Am I a bit biased? Probably, as I hold 3 tranches here. But if I genuinely thought this stock was unlikely to recover well, I'd cut. As it is, I've not even contemplated that contingency as, IMO, the herd-like panic-selling we're now seeing is a recurring cycle. Always bound to happen, only the timing was in doubt. Just like subsequent recovery, once the flow of negative sentiment & fear abates. Markets are often irrational. They get overbought on euphoria (this time fuelled additionally by unprecedented QE stimulus), then oversold on fear. Frankly, in this climate, hard to call the bottom for many stocks. But even if we're headed for a bear market in view of no more QE to help markets climb walls of worry, eventual rising interest rates, probable lower global growth, etc. this still seems a VG long-term bet for more patient holders, but especially so if the alternative is taking huge losses. GLA.
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