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My broker is sat on my 4 week sell limit of 449.5p.... At this rate I'll be getting in touch in touch to double my holding at 400p! Strange game this share speculation.... I think the hint is in the title... Share speculation...
Interesting article at https://www.euromoney.com/
for his outlook in Asia and beyond....
Amongst others in my share portfolio I was always sticking to HSBA as i was under the misguided impression that that whilst ever good dividends were being paid against a backdrop of low interest rates then the share value would remain high. Recent history has overturned this due to the outside intervention of dividend payments and now that the restriction has been removed at H12021 we saw a skinny div. Share price has not really risen above 450p despite the so called concentration on the east and even enhances in profit have been significantly on the back of recouped provisions. Litigation over recent years have been a concern and the new top team seem unable to look after longstanding investors both in the UK and wider afield. HSBC seems to be relying on their historic position as the bank to match, but apparently no more. I'm setting a limit on Monday morning of 449.9p for the next 4 weeks and if it reaches this then I'm out and buying a Tesla which will give me more enjoyment!! Only joking about the Tesla.
We seem to have hit another glass ceiling, though briefly.... and everso briefly made a very temporary exploration to 430p. Third quarter results are imminent and with some of the clouds parting we may yet see 460p+ in November. Certainly better for all of us holding on to this share with seeing a 4 at the beginning rather than 3 or for those with a slightly longer memory, a 2!!
Just seen this....
https://www.investingcube.com/hsbc-share-price-has-choked-buy-the-dip-shares/
Latter part might be of some comfort...
An just to add salt to the wound, hsbc have just sent me an email to say that at the end of September my loyalty cash isa rate is falling from 0.2% to 0.01%...good job the interest is tax free!!!!!! Bad day all round.
Down circa 10p at open as exdiv today. Div only worth 5p so effectively 5p down on market view. I really wish we could break out of this cycle. I thought the AXA acquisition might have been enough news to spur the share on but the market seems stuck at their perception of the company no matter what it does.
pickedpeck.... and yet after a promising uplift last week we see a drop to 406p with an hours trading still to go. I am not usually pessimistic but I really cannot see an uplift to the figures quoted recently on this board, certainly not until the Q321 statement is published. As always, I hope I am wrong and others on here are right.
I sometimes wonder if the hsbc board consider their shareholders around the globe. I thought with the 7¢ (circa 5p) dividend per share was unspectacular bearing in mind this effectively covers 2 quarters. It looks as if the market has also been non plussed and we are once more stuck at 400p give or take a penny or two with no real prospect of anything to pump some life blood into this until the Q3 statement. I fear that any bad news in the interim will probably result in sinkage. The dividend should have been about half of the earnings per share.... If so we would be climbing high... Unfortunately we are where we are.... Not high enough to sell.... Not low enough to buy... Just my opinion.... Anyone have any thoughts?
No... Last paragraph of the full report says no more quarterly dividends this year until announcement in February 2022. Full impact of French sale may not finally hit the accounts until 2023, though will not impact on any dividend declarations.
Steady people..... Improvement mainly due to recovery of bad debt provisions rather than a spectacular improvement in core activities. EPS 38¢ so according to February 21 dividend announcement surely dividend payable should be some 19¢. Thankfully the statement says the loss expected from the sale of the 'French connection' will not penalise the dividend. Like all on this board I desperately need to see movement from the 400p doldrums but the 7¢ dividend IMHO will do little to sustain a move upwards... I hope to be proved wrong!