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Let's hope that this will shoot up to over £6 soon.
Mh95
'' $3bn share buyback''
I cannot see why they could not start today (Wednesday) - note,that they have also yesterday cancelled all the shares that were in treasury .
The $3bn share buyback needs to happen as soon as, to hoover up lots of shares at these prices.
Back at 588p the number of shares that i sold at over 650p on the3rd Oct
@scie - Thanks and makes sense. Barclays does have a fairly sizeable Credit Card arm in the US as well as lots of the payment schemes for the likes of Apple and Amazon
Pleasant surprise so far. Caught it on a general market up day which is always a bonus but most companies missing estimates are punished these days. Let's hope I'm not talking too soon and we remain north of £6.
Razzledaz, they are actually very different businesses, Barclays/Llyds/NatWest vs HSBC. So HSBC doesn't necessarily move in general with sector movement of UK-based banking, because the majority of HSBC profit generation is in its Asia business. I don't think the others have a comparable international profit base?
Not a holder (I am in Barclays) but looks like you have done well here. Only bank to not have a sharp drop on results day opening. So good news. For selfish reason lets hope it stops the rot for us!!!!
Yep, markets will use the 10% down paintbrush.
So in current mkts, I gues we'll see sub 570.
Below expectations, but still a good set of results.
Good to see anothee 3 Billion share buyback
The share price better not drop 12% tomorrow like Standard Chartered and NatWest did last Thursday and Friday respectively.
You're holding for 720p? I'm holding for ever. I bought in 2007, then been adding 200 every yr from 2009.
Just think where this bank will be once it gets back on a good footing.
Compared to US peers, like oilies, pharma we are lagging, more so in last 3yrs since Covid and dividend cuts happened.
The reason I believe USA performs better is down to the dividend payment being close to S&P dividend average. The FTSE shares seem to payout far too high (4.5-6.5%)
Yes but back in April - I imagine that there is very good chance to sticking with that planned amount, after describing it as '' the first priority use of the proceeds from that transaction, once it closes. ''
If so, it will match a final dividend payment,. which I expect to also be 21 cents.
21 cents - already announced
The gap between HSBC and it's peers is growing, that's good to see as it is a quality bank so it'll hopefully continue to hold that martin and then it will go one of two ways. It'll fall back inline with sector performance or what I am hoping is the sector will follow suit. Only time will tell. £8.20 would be very nice, although I'll take some profit around £7.50 for sure.
Brj
HSBC are selling the Canadian operations for about 10 Billion dollars, which equates to about a fifteenth of the current market cap .
Brj
I only sold a small fraction of my shares,the last 2 purchases which were themselves buying back a previous sale at over 660p. I have certainly not sold a few because of any idea of over valuation. We are back to quarterly dividends which should be about 50 cents in total this year.
Proceeds from Canada may give rise to a return to shareholders, but equally go on further acquisitions (recently made one)
HSBC is my largest valued stock in my portfolio.
So how much do we think we will get as a special divi for the Canada sale?
The last two broker targets on here are £8.20. Is this really attainable in 12 mnths? Seems really high to me and tempted to cash some in at today's sp even though divi is still strong.