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Not interested in the e dividend drop tomorrow ?
I've now sold out after holding for 12 months and making a nice 20% profit.
Thanks for the input sidge.
I’m a long term holder through work but after the changes to CGT allowances unfortunately I can’t hang around to (hopefully) see it back to over £7.
£6.50 seemed like a fair price short term but I missed the boat last week. Now swithering whether to take the dividend and hope the share price makes up the drop before the tax year end or just to get out now.
Guess if I knew the right answer I’d be a rich man!
Hi SJB,
Honestly, nobody knows where this, or any other stock will go, we can only make predictions based on updated trading statements and general economics.
My own personal research suggests that this is a solid stock to hold. I've personally held after the updated trading statement as I would hope that the SP has more growth - time will tell. I'm hoping for close to £7 and then I'd potentially sell. I bought in at about £5.40.
Good Luck
I’m a total novice when it comes to this would love some opinions on where this is headed before tax year end….
I’ve share to sell before then but not sure if the share price will recover the dividend price when it no doubt drops at XD. Maybe I a hould I just cut my losses ahead of xd?
just recently go into HSBC
19p seems a bit low compared to other banks (so far)
lti
"and the whole of 2023 will benefit from high rates"
Absolutely. Unless something goes wrong the 2023 div should be a larger slice of a larger cake!
a handful more at about 653p
sns
''Not to mention ''
yes best not to mention your current disaster investments .
Not forgetting China coming roaring back, TopHat. I've got a heavy weighting in StanChart, HSBC, RIO and BRWM for this reason. (Not to mention HFEL, which yields 8.5%) . Well, well up on all these.
th
''Applying the 50% ratio to the 2022 figures would have meant a div of over 36c per share.''
and the whole of 2023 will benefit from high rates
Perhaps people are starting to understand what is behind the results, rather than just the headlines.
Provisions and impairments have to be taken up front but the increase in revenue from higher interest rates takes time to come through. HSBC took a non-recurring $2.4bn impairment on the sale of the French retail banking business and there was an additional $2.9bn of costs in the “Cost To Achive” program which finished in 2022 with savings of $1bn still to come in 2023.
The dividend of 32c per share was a payout ratio of 44% but they have stated that the ratio for 2023 and 2024 will be 50%. Applying the 50% ratio to the 2022 figures would have meant a div of over 36c per share.
Pessimism turned to optimism in the two shakes of a lambs tail....nowt so queer as folk!
Sp has now crept back into the black. Steady as she goes, hopefully.
Quarterly profits almost doubling is not underwhelming! Neither is the increased dividend!
Precisely my sentiments. Underwhelming. At least there is - so far - no dramatic price drop.
Probable quarterly dividend restored
Results not as good as NatWest and plenty of jam tomorrow, if this is peak inflation and near peak interest rates, I suspect this will fall based on those figures. Will be interesting to read Lloyds results on Wednesday. Underwhelmed in a word.
dividend payout ratio of 50% in 2023 and 2024
possible 21 cents special dividend from Canadian sale
Reported pre tax profits - 17.5 Billion dollars
Adjusted profit before tax increased $24.0bn
Reported profit after tax increased 16.7bn
revenue - 51.7 Billion
nim - 1.48%
impairments 3.6 Billion
dividend 23 cents
Continuing to hold - results forecast remains strong uplift to div. 4 days to go. Holding steady.
hatt
it was no reflection about what I thought about the valuation - my opinion is that £6 is no where near expensive - simply a matter of hitting a selling figure to make a very small percentage sale taking into consideration previous purchase prices and the amount of shares held - HSBC remains my largest holding in my portfolio.
I was tempted too but will hang on til full year results and quarterly divi news in 3 wks time.
And why do non-capitalist regimes never manage to achieve it.