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HSBC Share Discussion Threads
Showing 8276 to 8299 of 8300 messages
|Massive day 1 buyback: 4,113,000 shares!!! That's the way to do it.|
|Thanks - Togglebrush, record date Friday|
|Gary- excellent posting!HSBC recovered well today. Did I missed the buying opportunity yesterday? I am still not sure. However, I am happy to my investment on the HSBC shares. I periodically buying in this share over the past 2 and a half years gives me a very good return.|
|By my notes
21 February 2017 Announcement
22 February 2017 ADSs quoted ex-dividend in New York
23 February 2017 Shares quoted ex-dividend in London, Hong Kong, Paris and Bermuda
24 February 2017 Record date in London, Hong Kong, New York, Paris and Bermuda
_6 April 2017 Payment date|
|I'm assuming today HSBA goes Ex div, so it's the last opportunity for those who sold yesterday to get back in to qualify for dividend.|
|Many years ago my wife and I set up a joint account with HSBC (so long ago it still had Midlands Bank over the door!). My wife died backin 2002 but I kept the HSBC account going but also set up a savings account and my first "Share Dealing Account" with them. Over the years I would transfer money into the current (joint account) and then into the savings account or share dealing account. Then they started raising account charges! So I stopped transfering money in, emptied the savings account and only held under water shares in the shares account. All of this was done on line with no option to close account. This was about 8 years ago. Last year I got a letter saying they were closing my accounts because no transactions had taken place for a long time and the balances were zero, fine I thought "you have got my message". Today, in the post is a letter from HSBC telling me I owe them Zero £ and zero pence to keep the accounts going! I cant even log on to the accounts now as I destroyed the security number generator thingy years ago. They say they will write to me again next year..... I look forward to receiving it!|
|Buy back is until 30 June which is roughly 87 Trading days. Which, if Share Price was at or close to current level, is roughly 1.35 million shares per day or £9.2 million
The median daily volume, since 01Jan15, has been 27.5 million shares per day on LSE as reported by ADVFN.
Maximum number of shares which could be sold, as per RNS, is outside the scope of the buy back in anything like normal trading and the maximum value allowed.|
|Good post Gary|
|Is that your opinion or is it pasted from somewhere, Gary?|
|The big FTSE 100 banks release their annual results this week. HSBC (LSE: HSBA) kicked off the season, saying it “delivered a solid performance” in 2016. However, the shares fell by as much as 6% in early trading on Tuesday.
HSBC’s reported numbers didn’t impress, with statutory pre-tax profit falling 62% to $7.1bn, as one-off costs and multibillion-dollar writedowns took their toll. These included a $3.2bn impairment of goodwill in the private banking business in Europe, $3.1bn of upfront costs to achieve longer-term annual cost savings, adverse changes in the fair value of the bank’s own debt and the impact of the sale of its operations in Brazil.
The statutory bottom-line profit was further hit by an effective tax rate of 51.6%, as a result of which basic earnings per share (EPS) fell 89% to $0.07 from $0.65.
Most of the items that contributed to the disappointing statutory results had no impact on capital, even though they were material in accounting terms. However, the underlying performance of the bank was also below analysts’ expectations. Adjusted pre-tax profit came in at $19.3bn compared with a City consensus of $20.3bn.
HSBC didn’t give an underlying EPS number but based on adjusted pre-tax profit and a 20.6% tax rate (representing the mix of standard tax rates in the countries in which the group’s profits arise), I calculate an underlying EPS number of $0.78 (around 63p).
Based on this number and HSBC’s current share price of 665p, the trailing price-to-earnings (P/E) ratio is 10.6. Meanwhile, a dividend of $0.51 (around 41p) — which the board says it’s “confident of maintaining at this level” — gives a yield of 6.2%.
On the face of it, the P/E and yield are highly attractive but what of the outlook?
On one hand, HSBC said it’s recently upgraded its forecasts for global economic growth “reflecting the likelihood of a shift in US fiscal policy and a broader based cyclical recovery”. On the other hand, it commented: “Forecast global growth remains slightly lower than its long-term trend with risks largely to the downside”.
These risks include possible protectionist measures from the new US administration impacting global trade, uncertainties facing the UK and EU as they enter Brexit negotiations and the impact of a stronger dollar on emerging economies with high debt.
Aside from the macro outlook, HSBC says it enters 2017 with “the restructuring of the Group essentially completed”. There’s still work to do on reducing costs and improving profitability but I’m expecting statutory numbers and adjusted numbers to have moved much closer together by the end of 2018.
There are always uncertainties in the world but I believe HSBC’s capital strength and global universal business model stand it in good stead for the long term. When we get to 10 years on from the end of the 2008/9 financial crisis, I can see my current trailing P/E for the bank of 10.6 being closer to the long-term trailing historical average for the FTSE 100 of about 16.
This would imply a share price back to its pre-crisis high of above 1,000p . So, 50% upside and with annual dividends of over 6% on top. Of course, this may be optimistic if the downside risks to the macro outlook do materialise. However, it generally pays to be an optimist when it comes to long-term investment in the stock market and, as such, I personally rate HSBC a ‘buy’.|
|Kcsham - good look mate. I've got quite a few here as well.|
|Hi nigthepig,Thanks for your advice, but I don't it!|
|How on earth they managed to reduce so much profits from expected 14 billion to just half that? There is something seriously wrong with the management of the company. It sounds really dramatic to me.|
|Kcsham - if you think £5 is possible you should be selling more than one third of your holding and then buying back at a later date.|
|bookbroker - I agree with your interpretation of the chart, therefore I am holding buy more today until things settle down. Back down to £5.00 is unbelievable, but could be possible.I sold one third of holding short while ago, but HSBC is still one of my biggest investments on different shares to date.|
|There is a gap back to 500p, but how or whether this will ever close is another matter, the chart here has stacks of gaps, and likewise some of the other banking stocks, is that a signature of things to come in twelve months!|
|My second sheit day, IRV yesterday and HSBA today. Did I do something wrong all of a sudden and still BARC and LLOY to come!!!|
|Not looking too good today|
|And HSBC just kept going up on strong dollar....always the perception HSBC never does anything wrong!!...|
|Strong support 544p
Pretty grim results and grim going forward|
|Well below expectations|
|I love hindsight. And that voice in my head that said SELL yesterday.
However, with a rational hat on, it does seem anyone taking profits up to yesterday did the right thing.
Do we think anyone still holding with profit on these shares will hold for the dividend and buy back, or should we expect rampant selling?
Whichever way, today is not going to be a peachy day.|
|$1bln buybacks against estimates (DB and UBS) of between 2.5-3.0|