Hsbc Share Discussion Threads

[woodhawk] 04/8/2016 13:06

Fairly new investor here - I've been buying since January, essentially for the very chunky dividend. Nice capital gains now too = big winner for me. Here's to £6!!

[zcaprd7] 04/8/2016 12:41

Yes. Been accumulating at the lows and holding for a while, wasn't expecting much capital gain but will take £6 a share. Quite a nice longterm play on China, with divis whilst you wait...

[brahmsnliszt] 04/8/2016 09:26

Hopped on board at 495 a week or two ago purely on the back of 7pct yield at the time.

[driver101] 04/8/2016 09:19

Phil 24
Not me I only bought a couple of weeks ago for the first time at 450 happy bunny as they say.

[neilyb675] 04/8/2016 08:36

very positive

[philo124] 04/8/2016 08:22

At last this dog has broken out, have held for quite a while. Like most I guess.

[neilyb675] 04/8/2016 07:39

RNS out...........buy back starts today via Goldman Sachs.

[henrylightningbolt] 03/8/2016 17:18

SBC Holdings PLC (LON:HSBA) reported lower profits but sweetened the bitter pill with a pledge to hand back up to US$2.5bn to shareholders in the second half.

The banking giant made a reported pre-tax profit of US$9.7bn in the first half, down by US$3.9bn on the same period a year ago.

Adjusted pre-tax profits were US$10.8bn, down US$1.75bn, which the bank described as a "reasonable performance in the face of considerable uncertainty".

Adjusted revenue of US$27.9bn was down 4% compared with a strong first half last year.

The group gained market share in key Asian territories and businesses, and vowed to sustain its annual ordinary dividend.

It attributed the share buyback to the successful disposal of HSBC Bank Brazil on July 1.

Chief executive Stuart Gulliver said: "Following the successful sale of our Brazil business and having received the appropriate regulatory clearances, I am pleased to announce we will execute a share buy-back of up to US$2.5bn, which should benefit all shareholders and demonstrates the strength and flexibility of our balance sheet. We performed reasonably well in the first half.

"While economic conditions remain difficult, we are making progress in all the areas within our control."

Reported and adjusted operating expenses fell and the group made run-rate savings of more than US$2bn since it launched a cost-cutting programme.

Share

[ribblewader] 03/8/2016 17:01

Yes, now at higest I have ever known. At start of buy back BAE traded around the £4 mark, slipping to £3.20 ish on bad days. Now over £5 but has seen £4.80 area recently

[henrylightningbolt] 03/8/2016 15:52

Thanks Ribble did it make a positive difference to BAE's SP?

[ribblewader] 03/8/2016 15:47

henrylightningbolt. I would expect it to be like the BAE £500m buy back, done over a period of time (five years i think). They were cancelling there shares as they were bought

[henrylightningbolt] 03/8/2016 12:42

Thanks warranty.

Good 2 C the share price holding up well. I wonder how the $US2.5bn shares buy back works. Will we C it on Level 2 after a certain date?

[warranty] 03/8/2016 12:36

Means you can take the divi as shares instead of cash Henry.

[henrylightningbolt] 03/8/2016 11:36

Can anyone tell me what this means please...."A scrip dividend will also be offered. Particulars of these arrangements will be sent to shareholders on or about 25 August 2016 and elections must be received by 14 September 2016".

[losos] 03/8/2016 11:35

Stevie Blunder - "It does make it simpler for them to be reissued if they are needed, say to complete an acquisition"

I claim no expertise but I also thought that "Held in Treasury" meant what you said, not technically cancelled.

"Held in Treasury" seems to be the favoured route for all buy backs, does it ever happen that the shares really are cancelled, done away with, wiped out ???

[stevie blunder] 03/8/2016 11:11

They say that the shares will be "Held in treasury". As I understand it that means that they are not technically cancelled but are ignored for the purposes of calculating EPS or other per-share metrics. It does make it simpler for them to be reissued if they are needed, say to complete an acquisition.

Just my understanding of course.

[ianood] 03/8/2016 11:02

Yes, reduces market capitalisation by cancelling the number of shares purchased.

[smurfy2001] 03/8/2016 10:24

Cracking result for long termers.

Does the buy back cancel the shares?

[neilyb675] 03/8/2016 08:00

On 3 August 2016, the Directors declared a second interim dividend for 2016 of $0.10 per ordinary share. It will be payable on 28 September 2016 to holders of record on 12 August 2016 on the Principal Register in the United Kingdom, and the Hong Kong and Bermuda Overseas Branch Registers. The dividend will be payable in US dollars, sterling or Hong Kong dollars, or a combination of these currencies, at the forward exchange rates quoted by HSBC Bank plc in London at or about 11.00am on 19 September 2016. A scrip dividend will also be offered. Particulars of these arrangements will be sent to shareholders on or about 25 August 2016 and elections must be received by 14 September 2016.

[neilyb675] 03/8/2016 08:00

"Following the successful sale of our Brazil business and having received the appropriate regulatory clearances, I am pleased to announce that we will execute a share buy-back of up to $2.5bn, which should benefit all shareholders and demonstrates the strength and flexibility of our balance sheet. We performed reasonably well in the first half. I am particularly pleased with our progress in reducing costs and continuing to reduce risk-weighted assets. Our highly diversified, universal banking business model helped to drive growth in a number of areas and we captured market share in many of the product categories that are central to our strategy. While economic conditions remain difficult, we are making progress in all of the areas within our control. In the meantime, our balanced business model, strong liquidity and strict cost management make us highly resilient."

[dadedidodu] 20/7/2016 16:49

A senior HSBC executive has reportedly been charged in the US for his alleged role in a conspiracy to rig international currency markets.
Mark Johnson, HSBC's global head of foreign exchange cash trading in London, was arrested in New York on Tuesday, according to media reports.
Mr Johnson is expected to appear in a federal court in Brooklyn later on Wednesday, according to Bloomberg which first reported the news.
HSBC has so far declined to comment.

[garycook] 20/7/2016 14:00

alamaison, WTF has MAYA got to do with HSBA.Go ramp somewhere moron.

[smurfy2001] 20/7/2016 13:20

Target reached :)

Have reduced.

[snow ball] 20/7/2016 12:49

Reached your target. Will reduce?