Hsbc Share Discussion Threads

[action] 04/6/2020 17:57

Would they still have listing in UK?

[scobak] 04/6/2020 17:13

not all bad then!

[shalder] 04/6/2020 13:42

I do worry about companies making overtly political statements tho, especially as HSBC have form on this, following on from a sustained anti-Brexit TV ad campaign.

[azalea] 04/6/2020 13:19

HSBC and STAN know which side the economic side of their bread is buttered.

[poikka] 04/6/2020 13:10

"This stance of HSBC and Stan was never in doubt."

Yes, but where did the pressure come from to make their statements..?

Maybe time for a split - or two.

[geckotheglorious] 03/6/2020 20:46

Yes, inevitable as well anyway given how Asia is set to grow over the next few decades compared to a Europe in relative decline.

[spud] 03/6/2020 20:42

Yes, making all those noises imo! spud

[scobak] 03/6/2020 20:39

So is that a sign that HSBA will be looking at a domicile in the far east?

[geckotheglorious] 03/6/2020 20:25

Bankers dont care about freedom - they just care about money.

This stance of HSBC and Stan was never in doubt.

[action] 03/6/2020 15:07

FTSE Dog decided to join the race upwards. Should be around 415p just like STAND. DYOR.

[imastu pidgitaswell] 03/6/2020 14:04

Well we'll see.

The current Mrs P has this share in her SIPP and it is not quite in profit yet, so waiting it out. It's funny, her SIPP bares a remarkable similarity in terms of the shares she chooses to mine. Almost as if someone was managing it, and the companies within it that she has never heard of, for her...

Anyway, slightly longer term (i.e. more than an hour...), looking for a higher high and a higher low and then the worm might have turned.

[milliethedog] 03/6/2020 12:34

Ok im....but watch out for that 'greedy'
Just don't get caught with no trunks if the tide suddenly goes out!
Am over 80% cash now.....

[imastu pidgitaswell] 03/6/2020 12:13

M - very good, hard cash banked. I am holding on - got 4 tranches now, all positive, but am greedy. Just don't think I should be selling any sub-400.

But the approach, little and often, works.

[tjbird] 03/6/2020 11:52

As well as bad debts

now making less on overdrafts

getting kicked in pants from every angle


Cost of overdrafts collapses as banks cut their prices
The Bank of England also found the average cost of current account overdrafts fell a massive 15 percentage points in April to 10.93 per cent.

This came after the Financial Conduct Authority required banks to offer £500 fee-free overdrafts and asked them to suspend a hike in the cost of borrowing.

Almost all high street banks between March and April were preparing to set overdraft rates close to 40 per cent, with all of them setting them at at least 35 per cent.

Most banks have now rowed back on those decisions and are charging rates closer to 20 per cent than 40 per cent. The FCA previously asked banks to explain their new tariffs, but has not yet taken any action against them.

[milliethedog] 03/6/2020 11:01

Imastu...
There it is; 393p
Could go higher but strategy is to bank profits (not see them melt away)
Another £600 Cap Gain

Play the highs n lows

Good luck those who hold...
M

[geckotheglorious] 03/6/2020 08:57

Interesting article in Telegraph

Trump’s decision to revoke Hong Kong’s special status under US law will - when fleshed out - matter more than meets the eye. It puts the hub on the wrong side of the world’s financial superpower, deprived of implicit support from the Fed and the US Treasury, and treated like any other city in China. The 1,400 US companies on the enclave - and 96,000 US nationals - will start to drift away, some to Singapore. Capital is already leaving.

It is not so much the loss of tariff-free access that hurts, but everything else. Iris Pang from ING says the killer is the coming curb on technology transfers. A whole industry of service companies revolves around US digital and hi-tech components.

There is a view that Hong Kong can shake this off, switching its focus to mainland China, hosting all the ADR stock listings that are either fleeing or being expelled from New York. I doubt it. Great financial entrepots are famously sticky. They have incumbency advantages. But they invariably go into structural decline once their unique geopolitical advantage is disrupted.

What Xi has just done to Hong Kong is akin to the Habsburg asphyxiation of Antwerp in the 16th Century. It also had a special status as a free-thinking hub until Philip II - a fanatical control-freak, like Xi - suppressed their liberties in the pursuit of the Counter-Reformation. Persecuted Jews fled North to Amsterdam. The great Buerse faded away.

Xi Jinping has clearly concluded that Hong Kong’s economic value as Asia’s premier hub - and as China’s gateway to world finance - is less than the political cost of letting the enclave’s democracy movement continue to defy him and reproach his totalitarian model. Hong Kong’s role as a conduit for foreign capital flows and investment is no longer quite so crucial in any case under Beijing’s new policy of “self-reliance”.

The security law covers “subversion, terrorism, splittism, and interference by foreign countries or foreign influences”, the same categories that are routinely used within mainland China to crush the slightest flicker of civil dissent. Apologists claiming that this is a minor breach of Hong Kong’s autonomy - and this seems to include the EU’s foreign policy chief - are really saying that nothing should stand in the way of making money.

Hong Kong’s success is built on the rule of law and an independent judiciary, but that is precisely what the Communist leadership cannot abide. They are incensed that just 60 of the 8,500 pro-democracy protestors arrested last year have been convicted. The courts are the problem. “The city represents everything Xi’s regime hates about liberal democracy,” said Chris Patten, ex- Governor of Hong Kong.

This could hardly have hit at a worse time for Hong Kong. The enclave is coming off the biggest lending bubble in the world (BIS data), with hyperinflated property prices and a banking system with assets of 8.3 times GDP, comparable to Iceland and Ireland before their trouble began. The economy has already been hit by multiple shocks.

Xi Jinping has taken a fateful step in walking away from the Sino-British Declaration and so brazenly flouting an international treaty law lodged at the UN.

The US is now reacting in earnest to Xi's wolf warrior diplomacy. Others will follow. China is not quite strong enough to pull off this bid for global power - this Griff Nach Der Weltmacht. It jumped the gun.

[diggybee] 03/6/2020 07:12

The bigger arb in this name is actually between HK and London, than NY

[ball deap] 03/6/2020 01:23

Imastu, things will pick up and great entry price.IMO, now that Covid19 is being exposed as a hoax with the riots and people out in the streets in USA encouraged by governors like Debesio NYC mayor stocks are going to fly.Last week they said stay in, this week they say go out and protest. Covid19 is a hoax on every level it's obvious, get buying stock !!!

[arja] 02/6/2020 16:52

Millie and Imastu - thanks a lot. I assume US is lead market for this stock as it
is for most dual listed stocks , ie from 2.30pm , the Uk price follows USA price subject to FX movement of course

[milliethedog] 02/6/2020 14:40

NYSE: HSBC

[arja] 02/6/2020 14:34

anyone know if this stock is listed in USA ?

[jonshevlin] 02/6/2020 14:00

Trouble is, with inflation, you're losing more than what Richard is giving you.