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Well, i missed the last run, all i manged was to increase my profit shares from 8500 to 8700. i refuse to buyin when there on a run, because runs can stop and fold to quickly, I have know idea where the share price is going at the moment.
Any notice the ramper has gone. ?
Quote "Wink wink nudge nudge Will be 150 very soon" Has to be ramp of the century comment.
In the real world, A Brief HSBC report.
HSBC on Tuesday reported first-quarter earnings that missed expectations after the bank set aside more money for potentially larger loan losses due to the coronavirus pandemic and weakening oil prices.
The bank, Europe’s largest by assets, said its pre-tax profit fell 48% year-over-year to $3.23 billion in the first quarter of 2020, below an average analyst forecast of $3.67 billion compiled by HSBC. Its revenue dropped by 5.1% from a year ago to $13.69 billion.
The bank said it increased its expected credit impairment charges by $2.4 billion to $3 billion “due to the impact of Covid-19 and weakening oil prices on the forward economic outlook.” It also cited “a significant charge related to a corporate exposure in Singapore.”
Here are other financial metrics that investors were looking out for:
Net interest margin, which measures lending profitability, was at 1.54% — lower than 1.59% a year ago
Operating expenses were down 4.5% from a year ago to $7.85 billion
Basic earnings per share was 9 cents, lower than 21 cents in the first quarter of 2019
HSBC’s Chief Executive Noel Quinn attributed the bank’s financial performance to the “economic impact” of the coronavirus pandemic.
The London-headquartered bank derives the bulk of its earnings from Asia, particularly Greater China where the coronavirus hit first. The virus has since spread to 185 countries and territories, with many implementing lockdown measures of varying degrees to stem the spread of the disease.
“The outlook for world economies in 2020 has substantially worsened in the past two months,” HSBC said in a statement accompanying the release of its financial results. It warned that more bad loans may arise and lower interest rates globally would affect bank margins.
Agreed, also i dont think next week the goverment is going to remove the lockdown, probaly 3 more weeks. Im working early today, Normaly im lates so get to watch all day. Good luck whatever you do. Will see what happened when i finish tonight.
I dont think this is anything to do with results, its just a crazy time, lots of people who have never traded are looking and thinking easy money. Alas thats not really what happens, for ever winner there has to be lossers. i dont trade with fundimentals, Im probaly the worst type of trader, im playing by gut and whats going on in the real world.
I see the last 2 day rise due to new ISA and the WoW factor. Im hoping back to 80p we go, with a possible 78p. i will be buying back in again, as we all know it will go back into the 90+ range. Im time £1.20 will come, but i dont see it going much higher for a while.
Please note these are my feelings, as a new none skilled trader, that does it to help make a deposit to buy a small home for myself. I work fulltime. (Key worker). Admins can see my portfolio. Watch this space.
8500 Share up so far. Target 40000 for deposit.
@JayK
i also sold today, but only the original stack value, so left the rest as share, so 7500 barc share still there, no intension of takiong them, will wait and see when we get a drop back, as pther have said it only takes one bit of bad news.
I honestly believe there is profit to be had in Barc, true its going to take time, The covid 19 issue will go on for a while and people will die in large nuimbers. But when does business care about that. So i have gambled so far down £5500. and getting worse daily. BUt going to add 20k in a share isa (cant apply for it yet, still shows 2019/2020)
So fingers crossed i have not made a mistake.