RE: Very quiet on here16 Jan 2025 13:18
Grq
''HSBC doesn't go beyond £8.50 ish.''
The price per share has been over £9 a long time ago ,but there is a big difference between a price per share and market capitalisation .
HSBC is reducing share capital on a daily basis when buybacks are in operation, so HSBC's valuation cannot simply be measured by a current share price against historic share prices. That can only do done with a constant number of shares in issue . In sterling terms the peak market cap was at the end of 2017 with a share price lower than the current one. We have of course removed a lot of shares from the market since.