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Started: longtimeinvestor, 11 Jun 2024 13:50
Last post: get_rich_quick, 21 Jun 2024 17:28
Is that why we've received more? The Canada sale?
I received an extra £3k, which I'm not complaining about but I wondered if there had been an error.
Happy Friday all.
Now in along with big 'special'.
Cable currently at a lower rate again.
Glad HSBC locked in rates in yesterday with Cable spiking to 1.28 on weaker US inflation data.
Plus the 'special', because of the current exchange rate will total 24.3432p per share, lower than the final dividend of 24.829p
Started: NS33, 24 May 2024 09:30
Last post: NS33, 30 May 2024 12:37
The fine is miniscule in comparison to the £233m redress and compensation that HSBC will paying to the 1.5m affected customers. So far HSBC has paid £185m of this redress.
Typical, interest rates to begin falling soon though and 6.2 not massive
HSBC has been fined £6.2m by the City watchdog after it found the bank failed to help customers in financial difficulties. The Financial Conduct Authority (FCA) said the lender failed to consider customers' circumstances when they missed a repayment or sometimes "took disproportionate action". The FCA said the bank put "1.5 million people at risk of greater financial harm" through its actions.
https://www.bbc.co.uk/news/articles/cv225xw8y08o
Started: Fatrap69, 30 May 2024 08:56
Last post: Fatrap69, 30 May 2024 08:56
If the news about Ping was published on 17th May, why did the share price wait until 28th May to drop by over 2%?
I put in my buy order over the bank holiday weekend, to be processed on 28th May at a price of 693. I was pretty pi**ed off to find that on the same day the price had fallen to 685. The reason quoted was the possibility of Ping selling its stake news of which had been published over a week before!!
Started: driftking27, 20 May 2024 08:12
Last post: Bloomers_Blower, 21 May 2024 15:26
It's like that Russell crowe film, a good year, where he uses his lab rats to short the market then buy back before market closes.
https://youtu.be/dGzP5lbdZkU?si=jHLgcDu-nwDkL0BG
Just read that ‘ PING ‘ has changed his mind about sale of stock!! Hmm, is trying to make a quick buck on short selling..
Started: jayblu48, 17 May 2024 09:05
Last post: TerryL, 17 May 2024 13:07
As top investor Ping An looks to cut stake.
https://www.thisismoney.co.uk/money/markets/article-13427713/HSBC-eyes-victory-battle-Asian-business-investor-Ping-looks-cut-stake.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.67514705.171401098.1709226069-1324949097.1657038575&_gl=1*5lonk7*_ga*MTMyNDk0OTA5Ny4xNjU3MDM4NTc1*_ga_XE0XLFFF16*MTcxNTkzMjQ5Ni44My4xLjE3MTU5MzI2MzguMC4wLjA.*_ga_GQE6MT7DLZ*MTcxNTkzMjQ5Ni4xMzcuMS4xNzE1OTMyNjM4LjAuMC4w
Started: BUYSELLREPEAT, 13 May 2024 08:54
Last post: BUYSELLREPEAT, 16 May 2024 17:34
Since your "complete nonsense" post.
Look at that huge share price rise. You were so right
Complete nonsense
This is not good for HSBC
Started: Cjcjcj, 16 May 2024 16:20
Last post: Money_Hoarder_95, 16 May 2024 17:00
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
Started: checkricky, 16 May 2024 12:18
Last post: checkricky, 16 May 2024 12:18
Started: longtimeinvestor, 14 May 2024 15:54
Last post: Davdeladier, 14 May 2024 16:40
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
Started: Fird, 9 May 2024 11:31
Last post: Bloomers_Blower, 12 May 2024 11:22
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.
Div 8p payable 21 Jun 2024.
SP down 27p.
I would be better off by 19p if sold it yesterday.
Last post: Davdeladier, 10 May 2024 16:54
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!
Started: Prosperus, 9 May 2024 10:18
Last post: Bloomers_Blower, 9 May 2024 12:21
A normal and a special which came to 31 cents, around 24.5p.
Https://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/hsbc-holdings-plc/dividends
Scroll down to see both Special and Quarterly dividend....
Can anyone tell me how much the divi was
Started: easyinvester, 9 May 2024 12:03
Last post: easyinvester, 9 May 2024 12:03
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
Started: Mo2047, 9 May 2024 09:40
Last post: Duka, 9 May 2024 09:44
It is due to Ex dividend day, shares normally go down at this point.
Why is it down anyone?
Last post: BUYSELLREPEAT, 8 May 2024 23:27
I don't think English is shatter's first language. His most recent post contradicts his initial post.
Shat
why have you posted details of an historic dividend already received? -
you really must need to keep up to date.
FOURTH INTERIM DIVIDEND FOR 2023
On 21 February 2024, the Directors of HSBC Holdings plc approved a fourth interim dividend in respect of the financial year ending 31 December 2023 of US$0.31 per ordinary share. The dividend is payable on 25 April 2024 to holders of record on 8 March 2024 on the Principal Register in the United Kingdom, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies.
Dividends payable in cash in Hong Kong dollars or sterling were converted from United States dollars at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00 am on 15 April 2024 (US$1=HK$7.826950 and £1=US$1.248559). Accordingly, the cash dividend payable on 25 April 2024 will be:
US$0.31 per share;
approximately HK$2.426355 per share; or
approximately £0.248286 per share.
The Board has approved a first interim dividend of $0.10 per share. In addition, following the completion of the sale of our banking business in Canada, the Board has approved a special dividend of $0.21 per share, payable in June 2024.
Bless 🤡
Started: BUYSELLREPEAT, 8 May 2024 10:48
Last post: Duka, 8 May 2024 16:40
My understanding is, it is classed as the same as every other dividend.
Just to throw a spanner in the works, anyone think we can treat the two payments differently i.e. 0.10c as being from the income stream and the 0.21c coming from the Canada sale being return of capital. Outside of Sipp's and Isa's could this be beneficial - this is coming from a non tax expert.
Lol imagine expecting less divis.
Shat
''I believe the Divi is 16.4p so hopefully 20p max..''
do people not know about their own investments or read this board ?
LTI
7 May 2024 15:06
''Xd is 2 days away for a total of another 31 cents - cable rate on the 11th June
will be used for the Sterling equivalent to be paid on 21st June''
today 31 cents would equate to about 24.82p
I believe the Divi is 16.4p so hopefully 20p max..banks are fairly strong at the moment so a bit of a gamble to sell today and buy back after it goes ex Divi. In for the long term so will keep reinvesting the divi’s.
Started: longtimeinvestor, 7 May 2024 15:06
Last post: longtimeinvestor, 7 May 2024 15:06
Xd is 2 days away for a total of another 31 cents - cable rate on the 11th June
will be used for the Sterling equivalent to be paid on 21st June
Last post: ripley94, 2 May 2024 17:53
Took another slice at 707.5p
Buying these in 2020 and averaging down to summer 2021 , better idea then all the AIM rubbish .
Feels better then other bank shares
Maybe the recovery in ft100 types comes first .
Buy 31/8/21 348p
Buy 11/6/20 385p
Buy 10/6/20 399p
Sell 05/6/20 409p
Buy 27/3/20 470p
Buy 26/3/20 483p
Sell 17/3/20 490p
Buy 09/3/20 475p
Buy 24/2/20 550p
Took another slice at 669p midday as my original idea on 18th below was to target slice at 664p .
Just looked at chart and see they fell to 576p on 11th March 2024. ( Monday after the Friday ex div )
Missed that I see I had failed orders on 21st and 22nd February 2024 for 583p.
Spending to much time with the casino AIM shares .
Made a numbers mistake and sold the top up of 2nd August this morning for 645p below the target I had noted.
637 to 645 = 1.25% , at least I got this latest dividend & might of been another since last August.
14/4/24
HSBC HOLDINGS PLC
FOURTH INTERIM DIVIDEND FOR 2023
On 21 February 2024, the Directors of HSBC Holdings plc approved a fourth interim dividend in respect of the financial year ending 31 December 2023 of US$0.31 per ordinary share. The dividend is payable on 25 April 2024 to holders of record on 8 March 2024 on the Principal Register in the United Kingdom, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register. The dividend is payable in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies.
Gervais Williams Premier Miton 17 mins in .
Bought FIRST REPUBLIC BANK for £1 worth 1 billion to HSBC.
https://www.investorschronicle.co.uk/podcasts/2024/02/06/i-always-feel-it-is-a-bit-disappointing-to-buyback-shares-gervais-williams-of-premier-miton-group/
Started: 465qwerty, 30 Apr 2024 19:10
Last post: ALiverpoolgent, 2 May 2024 09:23
Good morning 465. All dividends paid during the period 6th April, 2023 to 5th April, 2024 should be entered on your 2024 Tax Return. The paid date you will find on the dividend voucher. If that date falls between the above two dates then it must go on the 2024 Tax Return. Clearly, the 25th April, 2024 dividend is entered on your 2025 Tax Return. Hope this helps. ALgent.
Thanks Jack.
That was the way I was leaning.
All the Best
As payment received in current financial year should be treated as such gla regards jack
Can anyone provide any information as to which tax year 4th interim dividend paid on 25th April 2024 should be included on Self Assessment return. The record date is on the 6th March 2024.
I am not clear whether it should be declared on 23-24 tax return of 24-25.
My online broker account for some reason does not produce tax certificates. (I believe it is a crest account.)
I read on HMRC community forum site that an interim dividend can be cancelled so its the payment date that is key.
Is that why HSBC declare a fourth interim rather than a final dividend.
I will try HMRC but don't expect a definitive answer so would appreciate some background.
Thanks in advance.
Started: Money_Hoarder_95, 30 Apr 2024 06:55
Last post: skier1, 1 May 2024 16:33
The FT is speculating that HSBC will poach the Lloyds CEO!
Sk1
''Wouldn't touch the role for all the tea in China!''
I am sue that you have come to this board to have a laugh - what nonsense.
Sk1
''China wants HSBC broken up''
? - STOP - don't post misleading info for investors or potential investors.
The insurance company Ping An would have preferred splitting the business last year when HSBC completely rebuffed their suggestion.
Since then HSBC has greatly increased returns to shareholders and made sales of those assets that they no longer wanted for the future direction.
Goodness knows who will replace the CEO. It's gotta be the riskiest job in global finance. China wants HSBC broken up, while the US wants to crush it with mega-fines. Not to mention you're only ever one step away from a trumped-up fraud charge and a life or death sentence in HK or China. Suspect they're going to be searching for a CEO for some time, or they won't be able to persuade the top talent onboard. Wouldn't touch the role for all the tea in China!
Started: longtimeinvestor, 30 Apr 2024 10:51
Last post: Gerry557, 1 May 2024 08:12
I had to double check the dividend info provided as I thought that the special had just been paid. I thought it was a 10c with the 21 special not just a 31c dividend.
So nice to know I got something wrong but in a nice way
Well, well, well.
I've owned these for many years, and now moving into profit !
They say patience is a virtue - mine has certainly been tested !
Well received by the market - a nice tick up in share price.
As expected a 10C first quarter dividend along with the 21C 'special' making it a match to the final dividend of 31 C just received, but Sterling has strengthened in recent days against the dollar.
Another 3 Billion buyback to commence in May.
Started: stargate, 1 May 2024 02:34
Last post: stargate, 1 May 2024 02:34
New 5 year high price, which means there is no overhead supply, from previous trading , to hold back price progress. The previous major rallies , were about 200, so price target is 775. The supporting banking sector is in a bullish trend up. DYOR.
Started: longtimeinvestor, 30 Apr 2024 14:45
Last post: get_rich_quick, 30 Apr 2024 16:39
I'm unsure what to do.
I own £30k worth of shares here, and I'm 10% up, but as someone rightly pointed out, the quarterly dividend is very healthy.
This share will do well until the next crash / recession as this company is immensely cyclical.
ATB.
At just under 702p, the shares bought on 30th Oct 2023 for 588p.
Shares go xd on 9th May for the total 31 cents dividends
Started: longtimeinvestor, 10 Apr 2024 12:06
Last post: Grezzz, 30 Apr 2024 07:27
LTI - My comment was mostly just a flip observation, but I appreciate your back-story. Actually, we seem to have a similar philosophy with regard to HSBC, ie, to top-up when any downturns present themselves. The quarterly income is indeed useful!
Ken
Holding initially built on SAYE, share matching scheme, share options and discretionary awards, etc whilst working.
Traded 'excess' shares like any other share in the 30 + years I have been a shareholder. I am prepared to sell half of my current holding, but that obviously is price dependant - that would require a continued upward move in share price to £10, £11 + for that to happen, otherwise I would be adding on any significant downward move.
Now back to excellent quarterly dividends.
I will still most likely always be a shareholder.
Obviously. you have a good. opinion of your former. employer. Yes? Is that the reason for. your. investment in HSBC?
Grezzz
??
Is over 30 years not a long time to have been invested in HSBC ?
I also worked at HSBC for many years - I have been receiving a pension from HSBC since the age of 50.
HSBC is my largest holding in my portfolio.
Not such a longtimeinvestment then?
Started: CaptainS, 29 Apr 2024 15:42
Last post: CaptainS, 29 Apr 2024 15:42
Will this see similar gains to nwg, lloy and barc on q1 earnings day?