Hsbc Share Discussion Threads

[montyhedge] 18/2/2020 14:26

Seems oversold, especially with a nice dividend on the way.

[nigthepig] 18/2/2020 13:03

Similarly wouldn't be surprised to see £6 on a good day. Pass me a crystal ball please.

[my retirement fund] 18/2/2020 12:53

This is still in a downward direction. I wouldn't be surprised to see £4.50 on a bad day.

[holts] 18/2/2020 12:50

Would wait to see if further pressure arrives from New York

[action] 18/2/2020 12:04

Low of the year with divi.

[e43] 18/2/2020 11:26

In the first 6months of 2019 before the troubles started, there were on average 150 thousand mainland Chinese visitors in HK at anyone time ,they on average spent over 7thousand HK $'s each in retail outlets on their visits,currently nearly zero visitors fr mainland,no wonder HK retailers (paying some of the worlds highest rents)are asking their landlords for big reductions.

[poikka] 18/2/2020 11:03

"Hong Kong's jobless rate jumped 3.4% in January, for the fourth month in a row and reached its highest level since 2016.

The city, which has grappled with political unrest has now seen its businesses disrupted by the spread of the coronavirus.

The newly released numbers are from November to January and will not reflect the true effect of the shutdowns caused by virus which intensified at the end of January."

[montyhedge] 18/2/2020 10:43

At least customers don't stop banking. They can use online banking from home.

[e43] 18/2/2020 10:33

Haha maybe true, but these atlantic westerly's here have never felt so good

[poikka] 18/2/2020 10:25

Reckon you should be filtered, e43, for everyone's safety ;)

[e43] 18/2/2020 09:59

Just travelled back through HK on Sunday,airport felt more like a hospital than one of the worlds world's busiest travel hubs,large number of idle Cathay/Dragon air jets parked up.Last year in Feb 200thousand arrivals per day into HK by air and land,this year currently running at 3 thousand per day,going to be a v tough business environment for a few months to come

[warranty] 18/2/2020 09:19

I’ve been nervous of the market for a while Poikka, not just HSBA, because it seems oblivious to what’s going on, which May be much worse than is being publicised. I’m not trying to scare monger but it wouldn’t surprise me to wake up one morning and see a serious pull back if not crash.

[poikka] 18/2/2020 08:52

Good advice, warranty, always remember - you don't HAVE to buy.

"More than two dozen trade fairs and industry conferences have been postponed because of travel curbs and concerns about the spread of the virus, potentially disrupting deals worth billions of dollars.

Apple Inc became the latest company to warn of trouble, saying it would not meet its guidance for March-quarter revenue because of slower iPhone production and weaker demand in China.

Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after the news.

Singapore Airlines Ltd said it would temporarily cut flights across its global network in the three months to May, as the epidemic hits demand for services to the Asian city state, as well as through the key transit hub.

South Korean President Moon Jae-in said the economy was in an emergency situation and required stimulus as the epidemic had disrupted demand for South Korean goods."

[warranty] 18/2/2020 08:43

Big risk to buy in yet, the Corona virus could get much worse, no way it’s under control yet and the business and financial implications can only be guessed at but surely can’t in any way be good. I’m leaving until things improve, this could go much lower yet.

[deb81e] 18/2/2020 08:39

7% divy..just bought

[poikka] 18/2/2020 08:30

Well I thought that last week might be a good time to get back in, ahead of strategy, but close shave.

Still, now is a far better time to buy, subject to how virus concerns play out, the cost cutting programme initiated could be the catalyst for share price gains, much like the miners and oilies a few years back.

[orinocor] 18/2/2020 08:25

lol another Montyhedge special.

[diku] 18/2/2020 08:23

Anybody think out of HSBC and into Barc...

[skinny] 18/2/2020 08:22

FWIW :- Shore Capital Hold 566.90 580.00 Reiterates

[diku] 18/2/2020 08:19

g2...it is never ever Directors fault...always someone else or outside factors...what the Company is doing and what the share price is doing and what the insiders are getting paid has no correlation...

[gaffer73] 18/2/2020 08:19

Well not as bad of a drop as I thought

[diku] 18/2/2020 08:16

Think the one with white moustache or the one next to his left...

[gbh2] 18/2/2020 08:10

Company Director Mentality,
Falling Profits is Nothing to do with Error of judgment & Bad Decisions in the Boardroom! !
So Cut Low paid Jobs and keep increasing the Pay & Perks of those at that have FAILED in the Boardroom.

[suetballs] 18/2/2020 08:06

Under a new boss this restructuring was well flagged. The dividend is maintained which is a plus.
Suet

[skinny] 18/2/2020 07:59

Which one?



:-)