Hsbc Share Discussion Threads

[paulruss1] 24/4/2023 12:26

Scarey stats. 150 doctors between the ages of 25 and 55 have died suddenly after their 3rd and 4th covid shots since the vaccine rollout in Canada
hxxps://makismd.substack.com/p/canadian-doctor-sudden-deaths-have?r=ytl4p&utm_medium=ios&utm_campaignpost. Isn't time we had an 8nvestigation

[ukneonboy] 19/4/2023 10:46

HIGH INFLATION CONTINUES TO HIT CONSUMER SPENDING
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Although it was widely expected that UK inflation would fall to 9.9% however, in the year to March 2023, the Office for National Statistics revealed UK inflation was recorded at 10.1%

Falling inflation does not automatically mean prices are falling, it simply means that the rate of price rises is slowing down.

This will almost certainly signal further rises in the UK base rate in May and again in June, which will inevitably trigger further falls in non-essential consumer spending, as households are forced to tighten their belts.

[anhar] 19/4/2023 10:17

Bigger divis suits me perfectly as an income investor, the only reason I hold shares at all.

Demerger would also be desirable imo. Demergers in general work out well over time, in my lengthy experience, for shareholders who retain the new holdings that result.

[ukneonboy] 18/4/2023 08:45

THERE'S GONNA BE FIREWORKS AT THE A.G.M THIS YEAR !!
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Chinese insurer Ping An will demand HSBC boost dividends to pre-Covid levels and commit to regularly reviewing its structure at its annual meeting next month, following calls to break off its Asian business.

HSBC’s largest shareholder is planning to support resolutions proposed by a group of retail investors on dividends and structural reform, which includes spinning off operations in Asia to boost returns, according to people familiar with the situation. Ping An declined to comment.

The move by one of the world’s largest insurers, which has an 8 per cent stake in the bank, will put further pressure on the London-listed lender, led by chair Mark Tucker and chief executive Noel Quinn, to return more money to shareholders and review its global operations.

One of the special resolutions, put forward by Ken Lui and other retail investors in Hong Kong, urges HSBC to report quarterly on a plan aimed at “increasing its value by structural reforms”, which includes “spinning off, strategic reorganisation and restructuring its Asia businesses”.

The other resolution calls on HSBC to “implement a long-term and stable dividend policy that . . . should distribute dividends to its members at the pre-Covid-19 pandemic level”, of no less than 51 cents per share a year.

Like other UK-based banks, HSBC was forced to halt dividend payments in 2020, when UK regulators stopped shareholder distributions to shore up balance sheets during the pandemic.

[blackhorse23] 17/4/2023 23:21

https://uk.finance.yahoo.com/news/3-reasons-buy-cheap-lloyds-152700843.html

[ukneonboy] 17/4/2023 15:38

HSBC has warned that the sale of its French retail bank to Cerberus for a token One Euro is now in doubt, after a series of “significant, unexpected interest rate rises” increased the amount of capital the US private equity group will have to inject.

Cerberus “has stated they consider that they will be unable to obtain regulatory approval without amending the previously agreed transaction terms”, the bank said in a statement on Friday. “The parties are continuing discussions. If the transaction does proceed, it is expected that closing will be delayed.”

The deal, signed in June 2021, would have seen HSBC’s 244 branches and 800,000 customers sold to Cerberus’s subsidiary MyMoneyGroup for a nominal amount. It was part of HSBC’s drive to increase its focus and asset allocation to its most profitable markets in Asia and cut ties with lossmaking businesses in Europe and the US.

To exit the retail network, which had lost $500mn in the two years prior to the agreement, it was prepared to take a pre-tax loss of roughly $2.3bn alongside a $700mn charge relating to impairment of goodwill.

As part of the sale, HSBC had agreed to ensure the business had a net asset value of $2bn when handed over — a commitment that could have required HSBC to inject more cash.

[togglebrush] 16/4/2023 08:51

FWIW
Friday, April 28th 2023
HSBC Holdings PLC Annual Shareholders Meeting
Tuesday, May 2nd 2023
Q1 2023 HSBC Holdings PLC Earnings Release

[waldron] 14/4/2023 15:05

HSBC Holdings PLC said Friday that the sale of its French retail banking business will be reclassified in its accounts, with a subsequent reversal of the $2 billion impairment in its first-quarter earnings, due to uncertainty that the deal will complete.

HSBC said that if the sale doesn't complete by May 31, 2024 then the agreement will terminate automatically, although that date can be extended through to Nov. 30, 2024 under certain circumstances.

"The French retail business continues to be managed as part of the group, and were the transaction not to complete, there would be no material impact on guidance or performance at the group level," HSBC said.

HSBC said that the accounting reclassification of the business, due from March 31, and subsequent reversal of the impairment will boost its Common Equity Tier 1 ratio--a measure of financial stability--by around 25 basis points.

The business was classified as 'held for sale', but this will therefore change given the uncertainty that the sale will complete.

The issue arose after the buyer informed HSBC that the rise in interest rates in France and the subsequent fair value account treatment on the acquisition will increase the amount of capital needed once the deal is closed. This would therefore impact its ability to get regulatory approval for the deal unless it is addressed.

Late in 2021 HSBC Continental Europe entered into a binding framework agreement with Promontoria MMB SAS and its subsidiary Banque des Caraibes SA--which are controlled by Cerberus Capital Management LP--to buy HSBC's French retail banking business.

Under the terms of the deal, Promontoria was required to get regulatory approval for the deal but has subsequently advised HSBC that this won't be possible without amending the original terms.

HSBC said that the parties are in talks and that it remains committed to pursuing the sale providing appropriate terms can be agreed.

HSBC is due to report earnings for the first quarter of this year on May 2.

Shares in London at 1257 GMT were up 18.0 pence, or 3.2%, at 585.30 pence.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

April 14, 2023 09:25 ET (13:25 GMT)

[skinny] 14/4/2023 11:42

Computer Weekly - that takes me back....

[netcurtains] 13/4/2023 22:13

paulruss1: O/T There is at least 10% chance Triad PLC #TRD will have some work on BRITcoin.



Triad share price has been edging up (it is there end of year period - I think).

[paulruss1] 13/4/2023 17:14

What's your take on Bitcoin Netcurtains. I bought into them back in 2015.i took it if we all owned Bitcoin the evil satanic scum would lose they're Ower and control.. Maybe I'm wrong but I don't know any other way than revolution

[paulruss1] 11/4/2023 17:32

Netcurtains. I'll take a look. Thank you

[netcurtains] 11/4/2023 15:56

paulruss1 (off-topic) : Well if you're talking about britcoin (TRIAD PLC #TRD) or Digital Euro, you might want to read my novel (its just come out on the E-reader version this week) . There is a whole chapter (comic thriller - mixed with autobio ) on bitcoin.

Hope you enjoy it.

[paulruss1] 11/4/2023 15:41

A must read.. 0
Christine Lagarde, President of the European Central Bank, let slip her plan to launch a "Digital Euro" in October that will give central banks control over how citizens can spend money.

Tulsi Gabbard explains to Tucker Carlson what impact that could have on freedom and liberty. Very worrying times ahead. Covid was just the start. Time to stand up and stop this madness

[bountyhunter] 11/4/2023 14:45

A new UK Banks comparison thread with colour coded links alongside the prices at the top to all the main threads (including this one):

[coxsmn] 11/4/2023 13:20

MW is behind significant shorting across Uk shares.

[factsandfigures] 06/4/2023 10:48

Hedge funds including Marshall Wace LLP made more than $7 Billion in profits by betting against bank shares during the recent crisis that rocked the sector, their biggest such haul since the 2008 financial crisis.


The bumper gains came during a bleak month for banks, with the collapse of Silicon Valley Bank and the emergency sale of Credit Suisse affecting the wider sector. Amid plunging share prices, German chancellor Olaf Scholz was forced to dismiss fears about the health of Deutsche Bank and California-based First Republic was bailed out by larger rivals.


Short sellers — who borrow stock and sell it, hoping to buy it back at a lower price — made estimated total profits of around $1.3 Billion from short positions taken against SVB. A further $848 Million in gains came from bets against First Republic, whose shares fell 89% in March. Hedge funds also made $684 Million from shorting Credit Suisse.


March was the single most profitable month for short sellers in the banking sector since the 2008 financial crash.


Many hedge funds responded to the growing turmoil by increasing their short positions.


London-based Marshall Wace, one of the world’s biggest hedge funds, was also among those placing bets, shorting 0.7% of Deutsche Bank’s shares, netting gains of around $40 Million from bets against the German lender.

[netcurtains] 04/4/2023 13:14

I bought a few.
Thanks

[factsandfigures] 04/4/2023 11:02

HSBC’s top execs face tense shareholders calling for a breakup
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At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how the bank was approaching demands for an overhaul of its business to its purchase of Silicon Valley Bank’s UK arm.

In prepared remarks, Tucker and Quinn each reiterated the board’s recommendation that shareholders vote against a resolution on the docket for its annual general meeting in May that would force the bank to come up with a plan to spin off or reorganize its Asian business — the lender’s main source of profits.

Tucker said the board was unanimous in its opposition to the resolution, stating plainly: “It would not be in your interest to split the bank.”

He said the board had previously reviewed a range of options for restructuring the bank, and concluded that such alternatives would “materially destroy value for shareholders,” including dividends.

“Our strategy is working,” Tucker told the room of more than 1,000 shareholders. “Our current strategy is moving dividends up.”

[supermarky] 03/4/2023 11:33

hopefully the bulls are taking control here again and we can look forward to a trip north

[spud] 01/4/2023 09:17

Guys, we've got what we've got for better or worse. Name calling, stirring the pot or whatever ain't going to change that. Unless someone's got a time machine, I suggest changing the record.spud

[mancman1] 01/4/2023 08:55

I enjoy intelligent discussion and debate - that is how I was educated many years ago.
I don't think it is possible to have that with you.


The basic point of the article from my perspective is that you can stay in the EU and trade with Asia. It seems to be foolish to think that there is a kind of binary decision on that. The Germans seem to be very good at it, and pretty proactive too.

You produced a single quote, but of course I could have produced another, but didn't.
"Almost 43% of the region's respondents preferred the EU as an alternative partner, well ahead of Japan, the UK and India."

As for filtering you - happily you don't appear as regularly on the boards I follow as those I have filtered. I may get a round tuit.

[geckotheglorious] 31/3/2023 23:16

Mancman1
Post 11337

"Asia is where ALL the growth is going to be". It is hard to take such stuff seriously. Time to filter I think.




Mancman1
Post 11346
"It always amuses me to be called a remoaner in love with the EU"


I guess you didn't filter after all!!!

As only I referred to you as a Remoaner.

As to:


LMAO, desperate or what....

"According to the survey, some 4.2% of Southeast Asian respondents thought the EU was the most influential economic actor in the region, up from just 1.7% last year"