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Hong Kong: UK makes citizenship offer to residents
https://www.bbc.co.uk/news/uk-politics-53246899

There is something with the current formation that I do not like, the more I look at it it looks like a ceiling instead of a floor. At those prices I would be advocating to buy, but now I am saying SELL. Got a negative feeling, combined with the fact that unlike what I believed, China does not seem to care about any consequences regarding HK.

You are right here, I believe there may be opportunities to buy lower maybe later this summer or autumn. As for the Brexit effect, there is also the Hong Kong effect that matters even more for HSBC

No strong opinion now, waiting to see how US markets behave. Generally looking at for short term technical indicators but there is no magic to predict exact share price movement. If I had that, I would not be posting in this forum.

The one does not cancel the other. 373 buy was a winner indeed. It did produce a 15% return. Even if someone bought that and still holds the shares but does not believe in the share anymore, they can still sell at a profit today. New low is not certainty but a possibility given price movement, so anyone wanting to buy more can be cautious.

is what I see, instead of a confirmation of bullish reversal that I was hoping. I will not be advocating for buying more HSBC shares today rather waiting on the sidelinesat breaking the 385 might see lower falls to a new low, especially as markets today look bearish in general.

To be fair, HSBC is facing most of the criticism because it is such a big and well known name worldwide. The bigger your brand name, the harder it is to hide. In the same way we often see calls for boycotting products of large companies, but never for boycotting a no-name product or a supermarket own brand one. To give a comparison, Standard Chartered that are not as big have attracted much less criticism and headlines against them and their share price is doing much better than HSBC. This is true, however still not enough to change my stance that the HSBC share price is in the buy zone.

for anyone who missed the previous bottom or wishes to buy more. Second bottom currently information and the low shall likely be higher than 373

Scripta manent and forum readers can decide what is childish and what not. I did not recently emerge out of nowhere with a specific agenda for a particular share but been posting on many different shares here for 5 years. Back in 2016 I was also posting buy on this board when the SP was 420 to 440 and also said I have sold some at 636. Now again pointed to a bottom at 373 and could not have known if there will be any tailwind back then. HK has not told us his opinion on HSBC i.e. buy/hold/sell and why or any of his price targets, just keeps repeating the same generic stuff about China and Hong Kong as if it is not already in the market price or as HSBC is the only organisation affected and not other multinationals with a presence in HK such as Citigroup, Goldman etc.

Never mentioned it, but must have known it as every sensible investor. HSBC was extremely undervalued and still is in my opinion. You can also find my posts 1 page back that it cant go to 200s even if Hong Kong disappears off the map because the remaining business is worth more and 2 pages back when I was shouting conviction buy and filling my boots at 373 which I called the bottom, I was only 1% off the actual bottom.

Must have closed his short and gone long now :)

SP will not go into the 200s not even if a nuclear bomb wipes HK off the map. The remaining business is worth more. Plus the negativity about HK is all in the price already.

Still the same, HSBA and STAN are great long term opportunities at current prices.

same price I bought HSBC. Yes risky, but the HK situation drove the SP disproportionally lower on fear and if this is not the bottom, we are close to it.

The pessimism and the emergence of HSBC bashing trolls reinforce my belief that 373 was the bottom. Filling my boots.

To reply to Tom78, I did not buy at 370 of course. I meant selling at a loss at 370 to buy them back cheaper to save on the difference. And in the meanwhile it did climb from 373 to 383, I didnt sell though :), neither I plan to

All looks very grim indeed. I will not try to catch the bottom here by increasing my exposure to HSBC but neither will I try to sell the shares I already own at 370 to try and buy them back cheaper, as it will most likely shoot up after I sell.

It is very hard to predict how the political situation will play out and there are huge risks, however buying here or a bit lower might be a good long term entry point if the tensions ease in the near future. If the situation escalates though we can see low 300s

OK after a lot of research I found out this has been going on forever, just to cite a publication I found from 1990

The seemingly anomalous price behavior of Royal Dutch/Shell and Unilever N.V./PLC
Rosenthal L Young C
Journal of Financial Economics (1990)

There is also the efficiently inefficient markets and other publications as well.

So according to https://www.unilever.com/investor-relations/shareholder-centre/about-shares/unilever-shares-the-basics/

The Equalisation Agreement between NV and PLC is such that each Unilever N.V. ordinary share of €0.16 represents the same underlying economic interest in the Unilever Group as each Unilever PLC ordinary share of 3 1/9 pence (safe for exchange rate fluctuations).

From the above quote I suppose that NV shares in Amsterdam should have the same value as PLC shares in London.
NV closed on Friday at 44.33 EUR which equals to 39.62 GBP taking the current EUG/GBP spot rate at the Friday close.
The PLC share closed at 41.31 GBP though instead of 39.62, i.e. it trades at a premium.
This premium is not something new, looking at the graphs it has been around for a long time.

Could anyone perhaps enlighten be as to whether this is a market discrepancy or there is another reason that explains this?

Well I am rather bearish on LLoyds too and I do not own any shares there. I wanted to buy in HSBC for the international diversification plus exposure to Asia and the middle east. That is why I picked up some shares when it dipped this afternoon. I have held them for years before, sold my last trance at 636. Ideally I want to keep HSBA for the long term portfolio as there is huge potential for recovery but lots of patience is needed as well.