This has run away ahead of results...if it stays around this level tends to be sell on the news thingy... |
 Claverhouse banking on streamlined HSBC
HSBC (HSBA) has been a recent winner for JPMorgan manager Callum Abbot, as the banking giant streamlines and becomes a more agile operation.
The Citywire Elite Companies A-rated bank is the second largest position in JPMorgan Claverhouse (JCH) investment trust, accounting for 7.1% of the £405m trust.
Abbott, who took over the running of the trust last summer after Will Meadon retired after nearly three decades, said HSBC had positively contributed to returns.
‘Positive momentum continued after HSBC announced strategic reorganisation, aimed at simplifying and streamlining the group, which is expected to result in net cost savings and a more agile and efficient operation,’ he said.
Although the October Budget heightened volatility in the UK, the economy returned to growth last year. Abbott is ‘optimistic217;, given the resilient domestic economic outlook and historically low valuation levels.
‘We believe UK equities offer an attractive entry point to the long-term investor, and we remain focused on selecting high-quality, resilient companies that can invest capital at high returns to drive strong and sustainable earnings growth,’ he explained.
Shares in HSBC were trading up 1% at 834p on Wednesday. They have climbed 35% over the past 12 months. |
unstoppable at the moment |
Kung Hei Fat Choi to one and all.. |
Yes it's crashing right before our eyes!! 😂
Good luck all 👍🏻 |
I didn't think hsbc was capable of having a down day any more |
I was getting far too top heavy here. Was over 20% of my portfolio so sold a few and moved profits to PHP. Hsba still my biggest holding! |
Yeah that's right regarding the dips being small before getting taken out.
I could have got a 2p saving + stamp from my top slice before it moved on so agree just keep holding and ride the gravy train for now.
Good luck all 👍🏻 |
Yup, just running my winners. I'm up 93% on this with a 20k holding (not including the dividends).
spud |
Will this ever have a meaningful retrace? Any fell off gets bought into each day.Amazing to watch.Bulls are definitely in charge here and also a juicy divi. I am holding onto my remaining 50% and will top up if this ever drops again! |
BOA at that on the 9th as buy rating |
monty...blow off top territory... |
What broker said 960p looks like he's going to be right. |
7 year closing high can't be a bad place to take profits.... |
elephants don't normally fly so high in a straight line. I think we are just not used to this. I top sliced recently and am letting the remaining half fly like a bird. |
Investors contradict themselves constantly. One minute they say never bad to take a profit the next minute they say ride your winners...
Too many investors treat their investments like a chart, instead of treating them like a actual business, who actually have employees working for them... |
Also Sold some at 797p.Tipped to rise to over £10.But have enough, and put profits into BME,and NESF |
I've also sold down approx 75% of my position here at around the 800p mark. Bought them in the 500s. But intrigued by the continued strength ! |
Momentum certainly here - but let's not get ahead of ourselves.
Suet |
Never say no to profit if you take it you can’t lose it |
Yeah as soon as UK inflation then the figures from the US came out, along with US bank earnings, it found it's form again.
With hindsight I should have held onto my full holding and not taken a big chunk out of it but then again the profit was deployed to other bargains on offer recently so it's swing and roundabouts.
Good luck all 👍🏻 |
800 has gone now for900 |
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