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XD date is 12/05/2023 with payment on 23/06/2023.
Interestingly, in the Q&A which is still ongoing, Noel Quinn pointed out that the CET1 dividend accrual is higher than the announced dividend. That means they still have capital available for distribution as a dividend.
10.00c
10c
Wow good RNS
what is the dividend payment ?
Sorry the figures should be cents per share rather than pence.
The results are due on Tuesday. I presume that they will update the situation of the sale of the French retail business but don’t know if they will comment on the state of the proposed special div if the sale doesn’t happen.
HSBC are reversing the impairment they took in anticipation of the sale and that amounts to c12p per share as opposed to the proposed div of 21p per share
adding caveats...? so taking out none trading days I.E, Bank hols and weekends is adding caveats?
DYOR
Why add caveats to a projection and then remove the original post? Almost like you're admitting you were wrong. Which you were.
"Timescales to target range - estimated 15 days". When you take out the Easter break and weekends then it will be 24 April..
good luck.
D..
Hi JFallonIRL,
Check out this website:
https://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/hsbc-holdings-plc/dividends
It provides you with current and historic share information.
Just wait for it…
https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2022/
PRESS ........The British arm of Silicon Valley Bank (SVB UK) has seen hundreds of millions of pounds of deposit inflows in the wake of its £1 rescue takeover by HSBC.
Sky News understands that SVB UK's deposit base now stands at over £7bn - 10 days after Europe's biggest lender agreed to buy the business in a deal orchestrated by the Bank of England.
Figures provided by the central bank and published by the Treasury Select Committee this week showed nearly £3bn of deposits were withdrawn from the technology-focused bank between 9 and 10 March.
The run on its UK deposit base came after its US parent company fell victim to a run after failing to raise capital from investors.
One source said more than £300m had been parked with SVB UK by business customers since the beginning of last week, with net inflows being recorded each day.
HSBC is planning to rebrand SVB UK in the coming months, although it is unlikely to use the parent's name and is instead chose to opt for the creation of a standalone brand.
An insider pointed to the precedent of HSBC's First Direct internet bank as a possible model for the future of the SVB UK business
The Bank of England has not received any requests for dollars through the new operation announced by the world’s top central banks last night.
According to Reuters, the BoE said it received no bids for dollar liquidity at a first daily seven-day repo operation that was launched on Monday.
That suggests that UK banks were not desperate to get their hands on US dollars this morning.
A single eurozone bank borrowed just $5m from the European Central Bank through the new dollar swap facility set up by the major central banks last night
Zero liquidity challenges even without the extra on offer.
Hope you sleep better tonight.
Sheesh
Banking Crisis changes things somewhat - hope I'm wrong, can only remain hopeful as can do nowt else - but we could yet see our cherished announced dividend being pulled last minute again, as in 2020, because Regulators take a dim view of billions in cash outflow to shareholders when liquidity isn't certain over the next year, or even the next month. Their view is of course that the banks should provide their own liquidity, not have it provided by the central bank. Makes logical sense, but my little pocket will suffer.
Clued - re. UBS taking over CS and the associated SNB 'backup', that nowhere near makes this over. "The Central Banks of UK, Canada, Japan, USA, Switzerland, and European Central Bank have jointly announced tonight they would enhance liquidity provision via new standing U.S. Dollar liquidity swap lines ... the Bank of England said it would hold the first of its new, daily seven-day maturity repo operations, starting 08:15 Monday morning - this is part of a global central bank response to the crisis at Credit Suisse". This is happening irrespective of UBS announcing takeover of CS, because that on its own would not have calmed tomorrow's market responses.
Your suggestion of banks limiting withdrawals? - it could never in any case be applied at same time and globally, there are no mechanisms of global co-operation in place, some parts of the world are in conflict and that's not just the Russian situation, and there's the new modern spanner in the works of digital coin. Economies would be at standstill if banks or government limited withdrawals, (c.f. covid-lockdown-induced economic suppression took how long to recover?), and the subsequent easing of restrictions would result in bigger bank runs than would otherwise have occurred as all trust in the system would be gone and money would be removed the millisecond depositors could do so. Don't forget how small/insignificant people such as us are; it's the giant players who keep economies moving. Bank transactions cannot be suppressed; trillions transact by the minute, wages and normal business payments as well as markets trading. As for shorters, yep, problematic.
We could yet see our cherished announced dividend being pulled last minute again, as in 2020; the regulators take a dim view of billions in cash outflow when liquidity isn't certain over the next year.
17bn of Tier 1 bond holders wiped out on a weekend. I’m don’t think things will be settling down. Watch this space!
Quote me.
speculation driven by the problems with the other two American banks made investors loose confidence.
This should draw a line under this banking issue which by all accounts has no comparison with 2008 financial crisis.
All IMHO.
Surely now that UBS is taking over CS, and SNB has provided c USD100b backup for it, that Markets will settle down. All banks and businesses are effectively insolvent if a big enough bank run occurs, even JPMorgan. The banks need to limit withdrawals above certain amounts and / or %'s of their total deposit, if all banks do it then it won't cause a panic towards a specific bank.... Otherwise, these bank run scenarios can be manipulated to benefit algorithmic shorters.
my guess for 2023 would be 3 X 7 cents plus 14 cents final.
Quarterly payments would consist of 3 equal payments and a larger final
Hi,
I see that HSBC are paying dividends out quarterly. Does anyone have an expectation of what this would amount to?
I'm guessing if your annual is roughly 32c per year, then quarterly would be roughly 8c. Anyone confirm if that would be a logical assumption unless I missed a correspondence somewhere?
Thanks,
ulterior agenda behind hiking interest rates.
The President of Silver Elephant Mining Corp, John Lee, sits down with Andrew Maguire to uncover the hidden agenda behind world economic policies and the threats of forced conversion to digital currency.
The mining expert expounds on the geographical shift of power away from the West into Asian countries unleveraged by the US dollar, sharing his perspective on physical gold and silver as the ultimate and unbiased form of insurance.
https://www.youtube.com/watch?v=IiqPgoCmlOk&t=116s