Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cracker
Hsba motoring today cant find much news , pulling plug out now sold..https://www.reuters.com/world/china/china-reports-4045-new-covid-cases-nov-3-vs-3372-day-earlier-2022-11-04/
With inflation at 10% you will in reality be losing 4%.
Long term shares beat inflation by about 5%.
With a dividend of 4.2% at the current SP why would anyone gamble in buying these when you will shortly be able to get 5 to 6% risk free in a savings account?
I know there is a chance of capital growth but this could be a long way off & there is also a chance of capital depreciation as we enter recession. I would suggest the latter is more likely especially with the chance of a further bank levy in the UK.
True. There is quite a drag associated with the political situation in the east too. A big boost will be when Xi to abandons his zero covid policy. A bonus also if he also decides to play nice with the USA, which seemed unlikely to happen a few weeks ago though with the recent USA GDP figures I would hope that a few of his cabinet have started whispering, using the Taiwan situation as leverage.
I am happy to keep buying at these levels though.
Hsbc needs to move its listing to HK, will put 30pc on share price overnight, it makes no money in the U.K., tax levels in U.K. now insane ( and the country still broke ) and just being listed in self harming brexit basket case U.K. is dragging the share price down as foreign investors won’t touch sterling denominated assets. Move.
char333 you must be my alter ego as i share your exact experience.
I too bought at 525. So it could be my fault not yours!
With wealth taxes and windfall taxes on banks doing the rounds there is more to add to that spell.
Probably an easy target as it has billions and profits and money!
So lets take them away!
If i’m not wrong in saying, good profits, but when we have a recessionary backdrop that’s hitting banks most it doesn’t spell well for banks.
GLA
hi posted on wrong board on sunday. bought in here about 5 weeks back + since then down about 85 p. just my look. looks like a long wait back to my entry of £5 30. 6 months till divi. what with china leader doing allsorts, things sure dont look well atm. hope they revert to qaurterly divis. anyone with knowledge of my share buying will tell you, i buy they plummet. sods law .
Wander what GS view is now if GS?
There was no mention about the possibility of a quarterly dividend payment of 10c. . .
Fairly positive forward looking statement in the update.
Becomingpoor - succession planning it reads.
back at about 438.5p half the number of shares I sold at over 550p on the 3rd February
Market does not like the results.
Not sure why George’s Elhedery is thought to be suited to becoming CFO. Was not aware he had a finance background although highly intelligent
SINGAPORE (Reuters) - HSBC reported on Tuesday a drop of 42% in third-quarter profit, on the back of rising credit loss provisions and other impairments, but its net interest income surged as banks benefit from rising interest rates.
The London-headquartered lender posted a pretax profit of $3.15 billion for the three months ended Sept. 30, down from $5.4 billion a year ago, compared with the $2.45 billion average of analyst estimates compiled by the bank.
The results included an impairment of $2.4 billion, following reclassification of the bank’s retail operations in France to be held for sale.
I'd also take £24 !
I assume you are on the wrong board.
well its that time again. very difficult to know how markets will view results. id take over £24 by this time next week. so much macro stuff, tory crap , ukraine , so its still turbulent time. lets hope we get more than 4% divi. shell still coining it in with oil well over 80 $ . probably needs a activist investor to rattle a few feathers + say SP + payouts should be better. have a good week everyone. the problem is when your waiting so long , you sell at £24+ + SP is £25+ a few days later.
Whilst the share price is largely impacted by domestic issues, the rest of the world isn't struggling 'quite' as badly as us. It's a global bank, so there's still opportunities to earn elsewhere.
When Dollar denominated earnings are converted back into Sterling, there's an automatic gain.
On a long enough timeline this will feel like a bargain. I've just topped up.
I ssume that if this does happen it is already built into the price.
Payment day tomorw ...looking for a upwards movement with all those iholders reinvesting their dividend payments in the coming days .... took a few...or is it going to be egg on the face ....atb
They are hopeless!
https://uk.finance.yahoo.com/news/hsbc-lowest-paid-workers-cost-living-142541082.html
''I presume they are saying ''
NO - They aim to pay out 50% of earnings as dividends in 2023 and 2024.
They would like to get to pre Covid level payments as soon as they can.