Hsbc Share Discussion Threads

[miata] 26/1/2006 20:39

Northern Rock's profits represent just a small slice of the £34 billion surplus expected from the UK banking sector over the next few weeks.

The bulk of this will come next month and in March when the "big five" - Barclays, HBOS, HSBC, Lloyds TSB and Royal Bank of Scotland - reveal how much they made during their last financial year.

Global industry giant HSBC will lead the way as it is expected to set a new record for a UK bank when it reports profits of around £11.5 billion - equivalent to about £1.3 million an hour.

HSBC - which calls itself "the world`s local bank" - makes only around a fifth of its profits in the UK and is now snapping at the heels of Citigroup of the US.

It recently expanded into mainland China with a 19.9% stake in the Bank of Communications, the country`s fifth largest bank, and another 19.9% in Ping An Insurance.


A NEW inquiry into the supply of banking services to small and medium-sized businesses (SMEs) by the major clearing banks was announced by the Office of Fair Trading (OFT) yesterday.

All four big banks said yesterday that they would co-operate with the latest investigation, which the OFT said it aimed to deliver to the Competition Commission around the end of this year.

HSBC said: "We moved quickly after the OFT's first review and gave all SME customers interest on their current accounts across the UK and Ireland."

[gateside] 26/1/2006 20:27

Ken I bought into these the other week at 947p and am beginning to wonder if I have bought another share that the market does not seem to like (my other bank share being RBS). I bought HSBA from the proceeds from AL. which i decided to sell after their good run recently. Am beginning to wonder after the good results from Northern Rock, whether AL. will now zoom away and HSBA will be left standing.

However I will stick with my decision, I decided to switch as I liked HSBA's interests in the Far East, and did not like the fact that AL. are so UK centered.

Once I have bought a share I tend to hold for a long term, so I expect that I will be here for a while. I too am so supprised that the 3rd biggest company in the UK, is talked about so little on ADVFN.

Looking forward to those results on March 6th.

[kenbachelor] 26/1/2006 08:54

DSP - Those who know me from another thread will know that I have no problem with holding and taking the dividend, but I don't like to hold vast quantities of cash!

[d s patterson] 26/1/2006 08:51

Or Ken instead of buying a large lump which you could be sat on for a while for various reasons, what about buying in two lots. Then if the first lot falls you can buy again and have a lower average price?

Another buy to even things out at about the 900+ level?

I never quite know what is going to happen in markets and what looks like an iminent probable rise usually turns out to have several points of downside before a rise which comes suddenly without much time to catch.

I'm holding BP. whch I thought was going to make an assault on 680 possibly 700, but now it's now 650ish. And BT which I thought would show continuing weakness at 200 but is back up to 209 and would't be surprised to see 220+ withing a few weeks.

[kenbachelor] 26/1/2006 08:01

Hi Gateside

I bought HSBC at 964.5p so at the moment it doesn't look like the best trade I've ever done, so I'll just have to bank the divi and wait if I want to trade them.

[gateside] 26/1/2006 07:43

Many thanks Ken... have added the thread to my favourites.

[kenbachelor] 26/1/2006 07:22

Hi DGF

Well I haven't done much to raise the interest level, buy at least I've got some charts in one place.

[dgf] 25/1/2006 18:05

Thanks MIATA, you have come up trumps once again!

[dgf] 25/1/2006 17:53

Thanks Ken, I will make sure I check the thread regularly. I had hoped that HSBA would stay above £9.50 for longer than they did. The persistent increase in STAN is a bug bear to me but MIATA has put me right on that one on another thread. It cannot be too long now before HSBA do something major - perhaps that is the worry to investors.

[miata] 24/1/2006 09:44

1)Goldman downgraded HSBC yesterday reducing its 2005, 2006, and 2007 EPS estimates by 1.5%, 2% and 2% respectively.

2)On 5th December 2005 good mortgage lending figures/profitability outlook from HBOS pushed up banks with a high share of mortgage lending (ie HBOS, AAL, NRK).

3)HSBC makes about a third of its sales in North America, where interest rates may be more likely to rise, reducing desire to borrow and leading to higher borrowing costs and more defaults, than in the UK where the next expected move is more likely to be downward.

The dollar has weakened slightly recently, so HSBC's dollar assets are worth a little less in sterling terms.

4) The Hang Seng Index has fallen about 300 points in the last week.

5)Management change risk. The Chairman, the chief operating officer and one director retire on May 26.


Top of the league is STAN.

[kenbachelor] 24/1/2006 08:19

I've recently bought this share after about 5 years without any. Any ideas from any regulars around here why it is bottom of the league?

[miata] 23/1/2006 09:58

Goldman Sachs 'in-line' from 'outperform'. (Reflecting Citigroup performance).

[kenbachelor] 20/1/2006 12:01

Not much activity on here again this morning, but plenty of activity in the shares. The trouble is they are going the wrong way!

[miata] 19/1/2006 11:15

SG 'buy' with fair value upped to £10.75 from £10.00.

[kenbachelor] 16/1/2006 08:07

I hope you are right Miata

[miata] 15/1/2006 19:44

As to the final divi, you can look forward to a great deal more than 14.5p (=25.7 US cents). At least 16.5p is likely. (£400 extra to you).

[gateside] 15/1/2006 19:17

Have recently sold my long term holding in Alliance & Leicester, and am looking to invest the proceeds in HSBC, again for the longer term. Decided to switch as I like HSBC's exposure to the Far East.

Also bought into Royal bank of Scotland last year, and will hold them till it reaches my target of at least £20

I believe that 2006 will be a better year for banks than last year was.

[kenbachelor] 15/1/2006 18:41

You are right and the figures from advfn are wrong. The divi from 7/7/04 was 13cents so couldn't possibly be 13.48pence. Sorry.

[kenbachelor] 15/1/2006 18:33

So what is wrong with it?

[miata] 15/1/2006 18:30

Post 58 above is incorrect.

Ken you obviously were not a shareholder during the above period! I was, I know exactly what I received and if you are in any doubt that what you have posted is in error see the HSBC website.

[kenbachelor] 15/1/2006 18:24

This is getting silly
04/05/2005 14.12p
20/01/2005 6.92p
06/10/2004 7.20p
07/07/2004 13.48p
Total 41.72p

[miata] 15/1/2006 17:47

Notwithstanding anything erroneously shown to the contrary the last full year dividend amounted to 35.4p not 41.72p.

2004
First interim 07 Jul 2004 US$0.13 £0.07119
Second interim 06 Oct 2004 US$0.13 £0.07204
Third interim 20 Jan 2005 US$0.13 £0.06921
Fourth Interim May 2005 US$0.27 £0.141169
Total US$0.66 £0.353609

[smiler1] 15/1/2006 17:26

The 4.3% yield is based on last year's dividend of 41.72p. The forecast yield of 4.6% as quoted by James Bartholomew is presumably based on the uplift to interim dividends already announced in this current year.