Hsbc Share Discussion Threads

[supermarky] 20/9/2020 20:24

this is all part of the story to keep pushing this down. More downside to come and i will keep adding in tranches. yawn yawn. Look at the long term chart here and top up accordingly on weakness imo. mid to long term view lovely to have in the back pocket.

[spud] 20/9/2020 19:19

Certainly won't help the share price short term but with the price so bombed out atm it probably won't have had the same impact had it been at 600p. spud

[triple witcher] 20/9/2020 18:43

This is all over the BBC news atm classed as breaking newsNot sure if it will move the share price tomorrow but the BBC are pretty damning of HSBC https://www.bbc.co.uk/news/uk-54225572

[jimbox1] 18/9/2020 20:07

Should this thread not be renamed?

"Holed below the waterline" would be more accurate based on the present chart, but surely something looking towards the eventual recovery would be more appropriate?

[nigthepig] 18/9/2020 17:51

Well thought out and reasoned post Ammu12

[ammu12] 18/9/2020 16:45

Next week 280

[milliethedog] 18/9/2020 16:40

...& when the divi gets reinstated all the shorters will sell pdq.....
HSBC never wanted to suspend their divi anyway; UK Gov't told em....

Added @ 305

Good weekend all

M

[triple witcher] 18/9/2020 16:39

Thanks, well there's no guarantee it can't fall further as we know , the selling is relentless. I think if we break below 300 we could easily see 280 as I don't see sentiment changing anytime soon. My own position FWIW I am happy to accumulate at these levels taking a two to three year long term view. Dividends will eventually recommence, and US/ Chinese relations will improve. HSBC is a behemoth of a Bank, and the measures they are now taking to be more leaner and cut costs will pay dividends re shareholder value. It's Lloyd's and NatWest whose business is UK based that will take much longer to recover. The true value of NatWest is now below 2008/2009 levels with the share price below 100

[dwinn78] 18/9/2020 16:28

If you see any sign of Chinese state media softening up on hsbc then bet the ranch and then wait patiently for interest rates to move north.

[imastu pidgitaswell] 18/9/2020 16:12

Yes, it was a (very) good call. So...

Whither now?

:-)

[triple witcher] 18/9/2020 16:07

Well it took nearly 7 weeks to get here since my original chart when the share price was around 370 but the bearish descending triangle pattern has finally played out with the target of 303/305 now achieved since we broke the horizontal 369/370 support line https://uk.advfn.com/p.php?pid=chartscreenshotshow&u=wntikuGpnzp6k6pv8DVQP8Vs2/+Jm9SsqT6sMTw4cyE=

[dwinn78] 18/9/2020 15:01

Gonna be close but I think trump might just sneak it. As long as China is happy to allow HSBC to continue going forward and the US remove the target on the banks back things should settle down

[watfordhornet] 18/9/2020 14:43

I think it is a positive. Trump will go sometime and both China and US will realise it is not benefitting anyone the current situation. China are not stupid - they can wait for Trump to go and then relations will improveChina and HK are way ahead of the recovery curve for COVID so I agree that the fact hsbc has such a high % profits from that region is good.I may be wrong but that is my take

[dwinn78] 18/9/2020 14:38

Was definitely a positive in 2008, the profits made in se Asia saved the bank from needing bailed out with tax payers money. Covid isn't my main concern with HSBC tbh its being caught up in the poison between the US and china.

[brianbrain] 18/9/2020 14:22

Majority of profits are from Far East which for me is actually a positive not negative as their governments have handled Covid much better than UK.

[dwinn78] 18/9/2020 13:41

Look kitten its a forum for discussion and opinion not propaganda and bitterness. I will reply and comment on anything I feel like so relax and breath slowly. If you disagree with anything I've put on no problem its just an opinion.

[topazfrenzy] 18/9/2020 13:15

so why are you here? why don't you sell up and go, if you hold any shares that is ..

[dwinn78] 18/9/2020 12:45

Hsbc imo is much more of a gamble due to where the majority of profits come from.

[spud] 18/9/2020 12:05

The Stockmarket is the biggest casino in the world Dwinn so that in itself is a massive gamble!

spud

[dwinn78] 18/9/2020 11:54

Nobody is claiming otherwise, Was responding to a comment that was made about the UK property market. Try and stay calm my friend

[dwinn78] 18/9/2020 11:46

Massive gamble buying into HSBC just now imo.

[imastu pidgitaswell] 18/9/2020 11:45

I think the HSBC share price is affected by one or two factors other than the UK ltv mortgage market...

[dwinn78] 18/9/2020 11:40

The majority of lenders have withdrawn the higher ltv mtgs rates so the 1st time buyer market is showing a massive slowdown already. Hsbc have recently withdrawn their 90%ltv lending and pushed up all rates because demand was too much to handle. Prices only going up due to stamp duty support from gov. A correction could certainly be on the cards.