focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Since your "complete nonsense" post.
Look at that huge share price rise. You were so right
Good riddance. Ping An has been a thorn in HSBC's side for too long. No need for HSBC to solely focus on Asia when geographic diversification is key for thriving and surviving.
Yes that sort of news would have an effect - a large holder of stock wanting to offload some - gives an opportunity though for any investors wanting to purchase
Https://www.poundsterlinglive.com/markets/20293-lloyds-bank-and-natwest-set-to-benefit-from-robust-economic-conditions
Banks are back in the loop
Very good and agree, banking due for a renaissance perhaps?
HSBC over £7 after the recent 2 X 31 cents returns to shareholders.
Still undervalued at these levels
Complete nonsense
This is not good for HSBC
The stamp duty tax is a tax investment undermines the city. Like the other taxes the state levies on employment etc totally economically damaging.
"Div 8p payable 21 Jun 2024.
SP down 27p.
I would be better off by 19p if sold it yesterday."
31cent ~= 25p
Outside an S&S ISA, you could pay capital gains instead of dividend tax.
Depends on how much tax free allowance you have unused.
Regardless of ISA, there is the 0.5% stamp duty when you buy shares.
Since HSBA pays dividend four times a year, you will lose 2% = 0.5% x 4
if you keep switching in and out over a year.
There are dealing charges as well.
Think we are seeing signs of recovery
JRE
Hopefully the contract note time was when your sell order was placed - i.e. when the market opened - not the time when the trade was actually executed. I think you'll be ok :)
Hi
Thanks for the feedback
So I looked into this a little further
Contact note states “08:00”
AJbell FAQ on limits / stop losses states..” Prices are also particularly volatile between 8.00am and 8.02am during the London Stock Exchange uncrossing auction and we do not execute limit or stop loss orders during this time.”….so something not right there
FAQ also states….” For UK shares, you can set up limit or stop-loss orders outside market hours, but they won’t be processed until the market opens again.”
So appears I should be OK. If I am not, and do not receive the dividend, I will ask Ajbell what’s gone wrong
Duka
Hopefully a good call - I topped up, as I liked the data coming out of China.
Cheers
JRE
"... around 8am"
Fingers crossed for you that it was after 8am!
I spoke to HSBC investment team ans was advised I needed to ensure I sold after 8:00 when markets opened offically, so I would get get the dividend, ended up not selling anyway, as went down a bit more than expected so will keep for a while for it to come back up.
Hi Dramchart
unfortunately it went through at around 8am yesterday. I'll check on payment date, but looks like it could be an expensive lesson learned for me
cheers
Hi JRE,
If your sale went through before the market opened, I think you might have lost out. However, most retail brokers do not place trades outside market hours. Some even don't action buy/stop/etc. orders during the first 15 min of trading because of volatility. So unless your broker trades out-of-hours, you're probably ok (unless, of course, your sale went through before the market closed on the previous day). Suggest you check your broker's T&Cs. Hoping the best for you!
A normal and a special which came to 31 cents, around 24.5p.
Usually I’ll make comment or observations when sharer price on rise like last week, so this time as I usually jink it said nothing so it wasn’t me lol
Hi find
I dont think so,the confusion arises is because q4 2023 and q1 2024 are exactly the same amounts , yet somehow have got mixed up.
On 21st Feb a q4 dividend of 0.31c was announced payable 25th April.
In the recent q1 results a q1 interim dividend of 0.1C was announced plus 0.21C making 0.31C(around 25p) q1 div , payable 21st June.
A 3% drop is about right.
I dont think that one is correct, Q1 interim is 10c + 21c( Zale of business) =31c
https://www.dividenddata.co.uk/dividend-calculator.py?epic=HSBA
Else why drop 3%, I invested yesterday and the dividend from the above link equals roughly my 'loss' today, so think should be accurate.
Div 8p payable 21 Jun 2024.
SP down 27p.
I would be better off by 19p if sold it yesterday.
Hi Dramchart...So i may have lost out if mine sold before the market opens?