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HSBC tumbles as analysts say results and guidance 'messy and unclear' -
https://www.proactiveinvestors.co.uk/companies/news/1041438/hsbc-tumbles-as-analysts-say-results-and-guidance-messy-and-unclear-1041438.html
Just cannot work out how these results warrant a 8% collapse. Totally overdone….. how poss. !? Makes zero sense.
To be fair it was the reaction I was half expecting IF the Special Dividend was imminent. But at the moment it isn’t, so I think today’s drop is well overdone.
Just shows what a scam the stock market really is 😂.
How on earth can it tank this much. … ? Think this sell off is well over done. Ridiculous…. Bumper profit of how many billions. If I had some spare cash I’d buy in. Already hold 60k in here. Defo worth a top up.
Worst collapse in SP since lockdowns in 2020 now...
At 589p
I don't think I can remember a time when HSBCs dividend yield could approach 10% when you include the special at $0.10 on top of $0.61. so have topped up
I thought that rugby playing ceo said they were already well provisioned for the Jainaaaah write down?!
Think that biggy will steady the ship for the day.
Bullshot macro trend with a bullshot pennant triangle. Whatever all that cr@p was trying to impress us with.
There was more clarification on the Canada sale during the management presentation this morning.
The proceeds will be c $10bn with c $4b i.e. 21c per share for the special div. Regarding the remaining c $6bn they said that they expect an ongoing share buyback process.
On the timing, they expect the deal to complete in H1 but it may not be possible to pay the special in H1 as there are regulatory processes to go through first, however they will pay it as soon as possible.
I'm with you Grezzz. The results are excellent with the exception of the write down. We should expect a few hits from time to time as we operate in a price for risk world. The fact is the majority of the risks are paying back handsomely, record profits, record buy backs and finally an outstanding dividend. HSBC's size simply means these knocks are small in comparison to the picture and my view is we are the best run bank in the sector. Tier 1 ratio is actually up, we're a very strong bank.
I consider the drop this morning as a bonus. Topped-up...
Today's results have blown your chart up.
Lost today what it would be anyway. Ho hum.
Only that they expect to pay it in H1 2024, so by the end of June this year.
No mention of the Canadian deal special divi yet?
HSBC said that they were targeting a dividend payout ratio for 2023 and 2024 of 50% of EPS (excluding exceptional items) which is why the final this year is 31c.
Today they have confirmed their target payout ratio of 50% of EPS in 2024.
That $3bn writedown on the Bank of Communications stake stings on an otherwise great set of results.
I thought that the final dividend would be 21 cents to match the 51 cents yearly total, as it was a number of years ago, but in fact the final dividend is a massive 31 cents.
Https://www.hsbc.com/news-and-views/news/media-releases/2024/hsbc-holdings-plc-annual-results-2023
Hope tomorrow brings us great results and a high single digit share price rise like Barclays and NatWest got. Also, I'm curious to see if they'll announce how much special dividends and buybacks we're receiving from the sale of the Canadian unit to RBC.
#HSBA is moving in a bullish macro trend and within a smaller bullish pennant triangle. I have attached a few of my chart ideas. https://www.tradingview.com/x/ANERSpzz/ https://www.tradingview.com/x/7hlDYk9v/
Good decision to exit