Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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posting on the internet 24/7 is environmentally harmful...when Extinction Rebellion start communicating by carrier pigeon, I will listen to them, until then they are as guilty as the rest of us of overusing resources to get their pennyworth heard...it's all bo77ocks
A dividend equating roughly to 13.2p per share payable 28 April.
Did the board state intention to pay dividend twice or four times per year?
Cracking set of results all in all and with potential of interest rate rises to come, this should really perform well.
Except that enviornmentally harmful industries make up more than half of global subsideis including hydorcarbons which is at the top. Levelling the playing field would greatly help companies's reach their ESG targets.
Bang on....impossible to square customers' expectations of investment houses delivering fat profits and customers' investments based on woolly concepts of ESG...they will expect compensation when investing in poor-performing assets like alternative sources of energy when they don't yield the fat profits. Bit like TESLA etc....strip away tax credits and government subsidies from the EV industry to see what you are really buying..pig in a poke comes to mind.
I think you're agreeing with the author, OWLS. His point seems to be that what's already happened will need to be sorted first, as per the PPI scandal.
ESG is all about keeping today's woke people happy. It is a nonsense to expect companies to achieve this as making profiits is generally contrary to social and environmental benefits.
There should be a strong regulatory framework to ensure ESG commitments are made.
From The Times, February 19 2022:
This is what mis-selling looks like
“How we do business is as important as what we do,” says Noel Quinn, the HSBC boss.
The quote is on a main page of the bank’s website laying out its commitment to sustainable growth.
HSBC goes on to boast about how this means building strong relationships with investors and the wider communities it serves, and “taking into account the issues that matter to them”.
What matters to many UK customers at present is the bank’s policy of hitting small charities with new charges. They’ve spoken very loudly but the bank does not seem to be listening. What matters to others is its role in Hong Kong, where it seems to tolerate China’s treatment of dissidents and Uighur Muslims. Others care about its role as a big financer of fossil fuels despite pledges to phase out the financing of coal.
HSBC is a grotty bank and Quinn’s promises on sustainability are totally empty. What this usefully shows is the growing gulf between what companies, and particularly chief executives, like to boast about on sustainability and what they actually do. It comes hand in hand with a whopping rise in investments in environment, social and governance (ESG) funds, which also claim to do one thing but often do something entirely different.
Last week the rating agency Morningstar cut more than 1,200 funds worth about $1.2 trillion in total from its European sustainable investment list after it turned out they were not doing what they said.
Last year the City regulator warned the chief executives of investment houses that many applications to launch ESG funds were “poor quality”.
Add to this the fact that only a handful of fund managers actually tell you where and how they are investing all your money and, crucially for ESG, how they are forcing change, and you build a picture of how the finance sector has managed to turn something potentially good into something rotten.
Using HSBC as an example, what are fund managers actually doing to challenge Quinn about what could be considered to be flagrant breaches of its own policy? If you invest in a fund that holds HSBC you have a right to know, but fund managers are pushovers. There is zero accountability.
There is a term for this: greenwashing. But that is largely meaningless, so let’s call all this what it really is: mis-selling. If you buy an investment fund that claims to be ESG and is then found not to be, then you have been mis-sold.
If your ethical fund manager ignores, or fails even to question, companies about breaches of their own policies when they say they will, you may also have been mis-sold. If the benchmarks they use are meaningless, the targets too low, the marketing too woolly, you probably have a case too.
It won’t be long before the litigation firms catch on to this.
Greenwashing is a term no one really understands. We won’t have to worry about that for much longer, though — very soon we’ll be referring to ESG as just another investm
211025-3q-2021-presentation-to-investors-and-analysts.pdf
Regulatory dividend accrual for the purposes of capital calculations. Over 9M21 we accrued 25.7¢, equal to 47.5% of reported EPS of 54¢, the mid-point of our 40%-55% targeted payout ratio range
I personally think that HSBC will be cautious with the 2022 dividends, I am more optimistic about 2023.
The main reason I think they will proceed with caution is down to inflationary pressures the world over & the global supply chain issues which are well known.
Add the possibility of another covid outbreak & the Chinese dumbing down on lending & tightening financial regulations over there & the BOD may act with prudence in 2022. I see a fairly small increase in the divi next week, about $0.25 if I was a betting man. I sincerely hope that I'm wrong though as I feel we investors need compensating for the lack of payments recently.
Since they are only paying two dividends a year now and as this year after covid we have had only one divi of 7c and before covid they paid 51c a year I will be very dissapointed if it is less than 30c.
Nothing available yet, we should know in about 6 days, although I'm expecting 8c, maybe a little more.
I don't believe it will be much less.
Was there an answer on this one, was wondering the same.
If you invade, we will slap you with a wet kipper,
but we still want to buy your gas.
When the going gets tough, the tough goes to a councillor,
and talks about his conflicted feelings.
Are we being led by the nose by U S of A and sabre-rattling?
As the markets are second order systems they are impossible to predict.
I would guess the markets would tank if Russia invades…..but if the markets are efficient then much will be priced in already.
Read something interesting today about the US markets immediately following the assassination of JFK in 1963. Immediately dropped nearly 3% on the day. Next day had one of the largest recoveries in history at the time. Then continued on an upward trajectory.
Who would have predicted that outcome……..
What will be. Will be……and in 3 years time ( maybe 3 months or even 3 weeks) I doubt we will be discussing it…….
However……. It will be a volatile week no doubt.
You're welcome. This might be of interest, too:
https://www.hl.co.uk/news/articles/how-rising-interest-rates-can-impact-the-stock-market2?utm_medium=social-organic&theSource=SOTW&Override=1
Unlikely. It's a bank. Rising inflation and any interest rate rises used to control it lead to increased revenues for the banks. HSBC is diverse enough to ride any temporary drops in Asia.
Yep, I have invested based on positive momentum.
Sorry I don't see the logic in your remark.
Looking at the dividend reductions of Shell, Vodafone and some HSBC peers, I expect the annual divi’ going forward will be about half what it was pre-COVID, i.e. something around $0.25.
Dales - Results are on the 22 Feb so we will know more by then.
I seem to recall HSBA saying that they will announce something at or before the 22nd, but I might have dreamt that.
I personally think we will see a decent divi this year.
All those Far East investors who got pis**d off when the divi was cancelled due to covid need placating so fingers crossed.
Hope more upward momentum for HSBC?? ATB
anyone know if this outfit are to resume quarterly divi payments
G
''possibility''
I had already come across the story, but didn't post myself , upsetting shareholders with possibilities into the future.
Stock market response - HSBC up to 556p