The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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a few more at a little over 602p
It needs everyone to pull their weight but we have too many people who are perfectly able to work unwilling to do their bit and would rather take than contribute.
either way it's an awesome defensive stock, soon quarterly dividends and if anything <= 550 comes it's a good top up opportunity
See you on the other side! 550 by end of feb
Nah, £6.50!
On its way to 550
Deutsche Bank has just raised HSBA to Buy (from hold) and increased the target price from £6.50 to £7.60.
This follows broker rating increases last week from Jefferies who raised to Buy with a target price of £7.70 and Bank of America raising their target price to £7.20.
There's still value here for people who are thinking of jumping on board.
Inching closer and closer.
Problems I find with the latest RNS
-It is not clear what exactly the new requirements are in the amendments of the Listing Rules and how they affect HSBC's share plans.
The terms of the waiver are not well explained, and it is not clear what exactly the tightly defined circumstances are that would allow the company to grant options and awards under the 2011 Plan to former employees.
The 2010 waiver is not explained in the current statement, how it is related to the current waiver being applied for and the context of this is not given.
It is also not clear from the statement why the company needs a waiver from the rule 17.09.
Potential corrections:
A detailed description of the new requirements introduced by the amendments in the Listing Rules and how it impacts the company's share plans.
A more detailed explanation of the tightly defined circumstances for the waiver to be granted in Rule 17.03A, in addition to what kind of legal and regulatory requirements would necessitate the need for the company to grant awards to former employees.
A brief summary of the 2010 Waiver and how it is relevant to the current waiver being applied for.
A brief explanation of why the company seeks a waiver from rule 17.09 and how it impacts the company's operations.
Would love to hear from that Porsche guy who used to come on here daily to slate it when it was down in 2020 (along with every other FTSE100 company) while raving about his US shares. Oh how the tide turned.
Pan
No, I nearly always post my purchases/sales - My sale post gives an indication of the share price increase in such a short time. Markets looking beyond 2023.
Banks will be benefiting from increasing NIM
Sorry mr long time, thought you meant you'd sold out completely, my mistake.
Investors maybe waking up to the fact that HSBC will be receiving a large sum from its sale of it's Canadian operations later this year.
pan
''Good profit, but out too soon''
HSBC is my biggest holding in my portfolio.
Today's sale represented about 2% of my shares.
I bought at about £3 and under 290p in September 2020 and a number times at higher levels since. Prior to today, my last sale was also at over 550p on 3rd Feb 2022.
I still have 'excess' shares to sell at higher levels.
I will always have HSBC shares.
I have been a shareholder for many years having worked at HSBC for many years.
I now receive a very good pension from HSBC.
Good profit, but out too soon i fancy, loads more to come.
at over 553p the shares I bought at under 440p on 25th Oct 2022
driftking27
“Would it not be better to consider raising dividend” No! Raising the ordinary dividend makes it harder to judge operational performance between years. It’s far better to return surplus capital by way of a special dividend making it easy to compare the ordinary dividend progression.
“..Critics say that companies that issue special dividends may be signalling that they have nothing better to do with their money..” Indeed HSBC probably don’t have anything better to do with the money. That is they will probably have difficulty finding new business within both their profitability and risk appetites. Remember that the other banks are also chasing this kind of business!
“Reinvestment even in EM would be better idea during these times”. While this may seem to be a good idea for ordinary companies it is definitely not the case for banks and insurance companies which have to hold regulatory capital against the business they write. The financial crisis showed that large amounts of formerly profitable business could turn into massive liabilities and incur huge losses if the regulators change their risk weightings.
If they can’t find the business with acceptable profit and risk margins then it is far better to return the surplus cash to shareholders by way of special dividend or buyback than build up a potential time bomb.
Hi, I am thinking of investing in HSBA, I have stumbled across the RNS. Did you need to be holding shares back in July Oct 2022 to qualify for the special dividends ? Or is this to be confirmed in the future and future share ow ers will qualify ? Many thanks
that depends on the business, what is a bank or insurance company better to put it's money when it can only invest or leverage itself so far and stay 'safe'?
If the shares seem cheap then buying back shares is better for anyone who pays dividend tax (esp the joke reduction in this next year to £1k and year after to $500 b4 paying tax) but if price is high then returning money to investors seems a better option then gambling it.
I would get all excited with the SD.
I’m my view companies that give out these so called Special Dividends show lack of direction.
Would it not be better to consider raising dividend
“..Critics say that companies that issue special dividends may be signaling that they have nothing better to do with their money..”
Reinvestment even in EM would be better idea during these times
GLA
best investments of 2022:
OXY
ABBVIE
IBM
AZN
VERT
GILD
what’s yours?
This morning Noel Quinn gave an interview at the Redburn CEO conference and made many interesting points. A link to the recording is given below.
On the sale of the Canada business he said the goal was to have it completed by the end of next year. On the use of the capital he said that it is likely that they would retain some for growth but return a good chunk to shareholders by way of special dividend and/or additional buybacks over and above the buybacks from organic growth.
Ping An’s proposed breakup of the group would result in a material destruction of value. Noel has had no conversations with other shareholders who have expressed support for a breakup which would require regulatory approval in over 30 countries and 75% shareholder approval. However he acknowledged that Ping An made some very valid points e.g. in the last 10 years cost efficiency has been too high and ROTE too low but these are being addressed.
https://wsw.com/webcast/redburn6/hsbc/2140160
Yes jet, part (or all) of that rise is seen today. But it doesn't explain why Stanchart has also had a good day. It's an even better "Buy".
The price, if at 3x , is very generous. RBC probably feel it gives them a very good exposure to the Hong Kong regional trade, because of the large (and wealthy) Hong Kong origin population in Canada.
Never been in a share that has declared a Special Divi. Does it work just like a normal dividend and reduce the share price?
If so, what is the benefit, does the price tend to rise until the Special Divi goes ex dev?
Thanks in advance.
Could see 1 billion in buy backs, like Av did. And get a big dividend as well.
£6+ special dividend.