The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
£2 should pass this week. The UK banks are sat on too much money. Whilst we might not see a 3rd Q dividend (although they should) the sentiment is changing. My target price before the end of this year is £2.24.
https://www.fool.co.uk/investing/2021/08/07/will-the-hsbc-share-price-break-out-of-the-400-450-bracket-in-2021/
Before the article gets updated it actually states this:
The HSBC (LSE: HSBA) share price has traded between £400 and £450 throughout the year, with a couple of short-lived pushes above £450 in March and April.
As I’m writing, the share price currently sits at £402.65 and I’m quite optimistic that it is set to break out of the range that I just mentioned. However, I’m more interested in the question of whether the international banking firm can build some serious momentum towards the end of 2021.
_______________________________________________________________________
Hahahaha - I think it's meant to ready £4 or 400p - not £400
Just an open question....
Could shareholders legally challenge the withheld dividend? I know they were forced to withhold it, but it appears they have cancelled it. They now have the freedom to pay what they want, they have the cash to pay it and they've released over £1 Billion of bad debt - why is that not coming back to us?
Could we all band together as a shareholder group to challenge the board to raise a motion for shareholders to vote on a third quarter special dividend paying 2.14p (I think that was the cancelled amount).
I'm pretty sure the US has regularly hit the 'debt ceiling' many times. Through Obama's presidency and Trumps. Each time the pass a law to legally raise the ceiling. Trump allowed Government to close down on at least two occasions if I remember right because they were arguing over things included in the bill to raise the debt ceiling. (Correct me if I'm wrong).
'Pan
New CEO hasn't started in the job yet'
I think that's a key part and probably why there's been no announcement on dividend buybacks or specials. I'm sure he would have been consulted so maybe there will be more good news once he's taken his seat.
I guessed the divi @0.57p and they've announced 0.67p so I should be pleased with these results. But after seeing Barclays results yesterday I was hoping for better. I don't expect the share price to fare well over the next few months. They keep mentioning dividend accrual.... What on earth is being accrued?
"Look at Barclays results, have you DYOR? I actually now think 1200p on Saturday"
I'm confused by this post. What will be 1200p? And there's no trading on a Saturday. Apologies up front if I'm missed something on the thread.
Thanks - I've been in a worse position since the start of Covid so things are getting better. I'm really looking forward to the dividend cap being lifted and hope that UK Banks make an effort to make-up for our cancelled dividends - I don't think the final dividends should ever have been cancelled but nothing we can do about that now.
If anyone wants to share their holding just copy and paste this message adding your holding
bobf......................................1,000,033 shares
Southcoasterbather..............15k pp
helu.......................................520,624 Shares
2Pacalypse…………………111,078 Shares
RickEngland.........................128000 Shares
Rock......................................1,000 Shares
Pantherax.............................500,000 Shares (Ave Price 57.56p - Down £62,247.06 today)
Thanks for posting that last link. I get all the ii news articles as they're my broker. But that last one was an interesting read - and certainly posts a positive outlook for Barclays.
My target price for Barclays is around £2.60 which is in the region of it's NAV. I do think there's resistance around £1.90 but we should get through that providing the PRA lifts the restrictions on UK Bank dividends. Barclays has had a record first quarter, remained profitable throughout the COVID crisis, is completely open for business; has a huge cushion to cover any bad debt due to being very conservative with their write-downs and has the highest level of excess capital that they have ever had.
At half year we will see an announcement about dividends and probably another share buyback. Jes Staley has been on Bloomberg today to confirm his commitment to returning excess capital to shareholders - although we might have to wait until next year to see a return to pre-COVID levels. I do think we'll get over the £2 mark this side of Christmas though.