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BARC is leaving this behind. When will it get pulled up by BARC?
Ops I think I jinxed it
I am liking this rise in SP. Come on break the £6 barrier
The monthly time pivot of 1/3/24, I recorded on the banking sector, was day high 3701. At presentation the bank sector ,is still contained within the high and low, for 1/3/24. The idea, is that the first day of a calendar month often acts as the price pivot through breach of the high or low. There are some different sectors, which have broken above the 1/3/24 high.
It’s scarier over 10yrs for all UK banks v US /CAN/AUS
GS up 133%
LLOY down 37%
BARC down 27%
R B Canada Up 89.5%
HSBC Down 3.7%
C’wealth Bank of Aust Up 57%
You should be diversifying and looking abroad nit wholly at the UK banks. Your main sim is to outperform the FTSE, and at present UK banks are going to struggle under our governments policies.
US banks have bounced back and outperformed UK banks.
Look at trend since 2008… UK banks have gone backwards.
And yes, I hold BARC, GS, HSBC & RY.TO in banking for 15yrs in bank sector.
When we’re investing, we’re nit comparing trends over last .month, but over 1-5yrs bare minimum
I will say again, UK banks are held back by numerous factors, mainly from government policies and high yields and possibly the pound.
HSBC
1st march 2019 623p
1st march 2024 613p
GS
1st March 2019 $189
1st March 2024 $388
Royal Bank Canada
1st March 2019 CAD$ 100
1st March 2024 CAD$133
BARC
1st March 2019 160p
1st March 2024 165p
Absolutely.
Since Mid Feb earnings announcements, big 5 banks have performed really well - with 1 exception.
HSBC -10%, Lloyds +11%, Barclays +15%, NatWest +10%, Stan Chartered +9%.
IMO HSBC has the best long term prospects, it's dividend also comfortably exceeds that of the others. Even with doubt over the impact of the China property crisis, this has to be due for an uplift soon, it is definitely oversold.
Stan Chart also has significant exposure in China and Lloyds is on the hook for a potential £1bn+ for miss selling car finance yet neither of these has suffered in the way the HSBC share price has.
Still believe it should be trading in £6.70 - £7 range by year end.
This is getting me annoyed now.
I missed this. Where is the RNS?
https://uk.finance.yahoo.com/news/georges-bahjat-elhedery-bought-36-050133066.html
I think nobody knows where china is heading. We do know however that the government is happy to throw money at the economy.
I am wondering if the top brass at hsbc are telling us some porkys about the Chinese economy
https://www.youtube.com/live/J4_mTqUXexc?feature=shared
Yes it's getting into oversold territory.
Sell signal is strengthening. It’s now sitting at 30…
Also it does not automatically rise after ex-dividend either.
There are many factors, and still the RSI is showing weakness, so this downtrend will continue for now.
Ex-dividend literally means you’re exempt to the dividend payout, thus that amount paid out is roughly 4% which occurred on 7/3.
I thought it will get back to at least 640p before the drop. Was not expecting it to go sub £6 even when it goes ex divi
Of course it has dropped ex div cash out but through the buyback programme and trend mentioned a upward share price trajectory short to medium term
Just as I suspected.
There is always the Taiwan scenario....which will happen... partly because The Nationalists took China's finest art in 1949 and China wants it back. All about face, to the PRC...
HSBC as we all is one of most indebted companies in world.
This is one reason this stock is stagnated at this level and is just a cash cow paying about high yield to retires.
In 20yrs it’s actually -1.2% down on SP. Compare thst to Royal Bank Canada +84% plus 4% dividend
Compare against MS +163%
Compare against SOCIET Generale +73%
HSBC needs to rethink paying this silly high dividend and look at sorting debt levels and future growth.
It’s SOLD its Canadian business, that’s a plus, but that’s not going to fix this
https://uk.finance.yahoo.com/news/25-most-indebted-companies-world-155258978.html
BUYSELLREPEAT yes indeed ,we are the west and the best .
As BJ (how apt ) use to say during the virus panic for every tremendous innovation " this is the best in the world , world beating" Then when it did not work and a few more billion disappeared down the drain before it could be distributed to deserving mates more money was printed to make up the shortfall . The BOE is as independent as a head from a neck.
Talking about short to me Trend of course it will drop ex div but recover thereafter in coming months
That is besides the point.
Drop way overdone on china provision, china is addressing its issues and Asia with usd devaluation through fed cuts will supper this regions growth and hsbc profit drive & hence share price
@tricky1276 we are the west, we can do no wrong. We are literally perfect saints.