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Nice so rise last 2 weeks
Be nice if they quit Russia and called out terrorism for what it is!
This is not looking good. Looks like they have lost in Argentina everything they made in Canada.
£3bn loss in China
£3bn plus loss in Argentina.
Phew!
Thanks, both.
Special Canada dividend date, due to announced with Q1 results around 30 April
The special dividend from the HSBC Canada sale (21 cents) if not part of the final dividend (31 cents). It will be paid at a later date.
I don't think a date has been declared for the special dividend, so should be OK to bed n isa your shares, to avoid the taxman.
Hi, all,
I'm hoping someone can answer a question for me please.
I'm aware of the special dividend that we are expecting to receive due to the Canadian sale, but I wasn't sure if that special dividend is included in our April dividend?
I was just wondering why this month's divi is (approx) 3 times the amount that we normally get.
And, the second part to my question is...
If April's dividend doesn't include the special dividend, I'm considering selling £10k of my HSBC shares and moving them to my ISA but, I don't want to do it, if I lose my registration to have a special divi on those £10k worth of shares (make sense?).
Many thanks all.
Bad idea.
Sab
''or have i missed something?''
yes you have - 82 cents total returns - div/special not 81 cents
It reads US 0.21 special dividend to me or have i missed something?
Rus
''with the special ($0.81).''
82 cents
''which you'd think investors would pile in for?''
You can purchase as many as you like.
HSBC is my largest holding in my portfolio.
You are. right but.
Woops - in 2020!
Yep, that looks to be so. I purchased in 08/2022 at 3.2695 giving me a div return this year of c.20%!
HSBA has been a true cracker for me.
Is it me or is HSBC paying 65p of dividends this year with the special ($0.81). That's 10.5% yield which you'd think investors would pile in for?
If you've been looking where the profitable trade was - it's been in 3BAL !! 600 to 950 in 3 weeks is like EV acceleration. On longer timescale it's been BGEO. Will UK banks eventually join in ? They'll get some rise eventually, but only if the UK economy doesn't go into free fall and I suspect it might. the rush to get battery production in this country and then to hear in 5 years time its all going to change - just the latest "j for joke !"
Tory stupidity is out of control. They want to ruin the UK with Sanctions against Russia and now they starting with China.
Ask Australia how they faired going down that lane.
Don’t think UK will ever play catch up.
This is shocking
1month is down 6.35%
JPM is Up 7.7%
C is up 7.7%
BAC is up 6.3%
I added £5k last week thinking that was a mistake and should’ve added to bank of Canada instead
BARC is leaving this behind. When will it get pulled up by BARC?
Ops I think I jinxed it
I am liking this rise in SP. Come on break the £6 barrier
The monthly time pivot of 1/3/24, I recorded on the banking sector, was day high 3701. At presentation the bank sector ,is still contained within the high and low, for 1/3/24. The idea, is that the first day of a calendar month often acts as the price pivot through breach of the high or low. There are some different sectors, which have broken above the 1/3/24 high.
It’s scarier over 10yrs for all UK banks v US /CAN/AUS
GS up 133%
LLOY down 37%
BARC down 27%
R B Canada Up 89.5%
HSBC Down 3.7%
C’wealth Bank of Aust Up 57%
You should be diversifying and looking abroad nit wholly at the UK banks. Your main sim is to outperform the FTSE, and at present UK banks are going to struggle under our governments policies.
US banks have bounced back and outperformed UK banks.
Look at trend since 2008… UK banks have gone backwards.
And yes, I hold BARC, GS, HSBC & RY.TO in banking for 15yrs in bank sector.
When we’re investing, we’re nit comparing trends over last .month, but over 1-5yrs bare minimum
I will say again, UK banks are held back by numerous factors, mainly from government policies and high yields and possibly the pound.
HSBC
1st march 2019 623p
1st march 2024 613p
GS
1st March 2019 $189
1st March 2024 $388
Royal Bank Canada
1st March 2019 CAD$ 100
1st March 2024 CAD$133
BARC
1st March 2019 160p
1st March 2024 165p
Absolutely.
Since Mid Feb earnings announcements, big 5 banks have performed really well - with 1 exception.
HSBC -10%, Lloyds +11%, Barclays +15%, NatWest +10%, Stan Chartered +9%.
IMO HSBC has the best long term prospects, it's dividend also comfortably exceeds that of the others. Even with doubt over the impact of the China property crisis, this has to be due for an uplift soon, it is definitely oversold.
Stan Chart also has significant exposure in China and Lloyds is on the hook for a potential £1bn+ for miss selling car finance yet neither of these has suffered in the way the HSBC share price has.
Still believe it should be trading in £6.70 - £7 range by year end.