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HSBC FY Results

Practical discussions about equity High-Yield Portfolios (HYP) for income
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Horsey
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HSBC FY Results

#33297

Postby Horsey » February 21st, 2017, 5:46 am

Seem to contain some surprises - but fourth interim dividend of 21c means that the FY divi is increased to 51c (50c in 2015).

http://www.cnbc.com/2017/02/20/hsbc-rep ... sults.html

HSBC site - https://tinyurl.com/zsmaqno

JMN2
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Re: HSBC FY Results

#33308

Postby JMN2 » February 21st, 2017, 8:11 am

Horsey wrote:Seem to contain some surprises - but fourth interim dividend of 21c means that the FY divi is increased to 51c (50c in 2015).

http://www.cnbc.com/2017/02/20/hsbc-rep ... sults.html

HSBC site - https://tinyurl.com/zsmaqno


Well your linked HSBC website shows 51c for 2015 too and 50c for 2014.

Raptor
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Re: HBSC FY Results

#33310

Postby Raptor » February 21st, 2017, 8:18 am

ap8889 wrote:Looks like the opening price will be marked down. I sold down my 9% portfolio holding end of last week, so now have a 6% exposure. For once I got lucky with timing, although some of the proceeds went to ISAT which promptly suffered a broker downgrade....

The HSBC yield is nice and juicy....


Down 4.53% on opening.

Raptor.

77ss
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Re: HBSC FY Results

#33319

Postby 77ss » February 21st, 2017, 9:12 am

JMN2 wrote:
Horsey wrote:Seem to contain some surprises - but fourth interim dividend of 21c means that the FY divi is increased to 51c (50c in 2015).

http://www.cnbc.com/2017/02/20/hsbc-rep ... sults.html

HSBC site - https://tinyurl.com/zsmaqno


Well your linked HSBC website shows 51c for 2015 too and 50c for 2014.


The total $ dividend for 2016 is unchanged over 2015, at 51c.

Of more interest, perhaps, will be the sterling amount. If the current exchange rate of 1.24 persists, we can expect a Q4 payment of about 16.9p - up some 14-15% on Q4 2015.

Dod1010
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Re: HBSC FY Results

#33323

Postby Dod1010 » February 21st, 2017, 9:20 am

Actually I think the results are a bit of a relief. They are maintaining the dividend at 51c and confirm that they can maintain this. The drop on reported profit is substantially made up of one off provisions and the underlying profit is largely unchanged. The fact that they are making another buyback of $1 billion at this time shows the financial strength of this conservative company.

As I commented a week or two back, I sold some of my shares at £7 and am not bothered what the market reaction is. The shares have done well in the last few months and I expect that to resume before too long.

Dod

CatcheeMonkee
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Re: HBSC FY Results

#33324

Postby CatcheeMonkee » February 21st, 2017, 9:22 am

77ss wrote:The total $ dividend for 2016 is unchanged over 2015, at 51c.

Of more interest, perhaps, will be the sterling amount. If the current exchange rate of 1.24 persists, we can expect a Q4 payment of about 16.9p - up some 14-15% on Q4 2015.


So that's a yield of around 6.2%?? Worth topping HSBA up?

Edit: answered my own question and topped up at around 666.

OZYU
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Re: HBSC FY Results

#33331

Postby OZYU » February 21st, 2017, 9:38 am

CatcheeMonkee wrote:So that's a yield of around 6.2%?? Worth topping HSBA up?


If I was not up to weight on this one, this would be a topping up day at this 6%+ yield, because this is imho a very solid franchise. I think Mr Market is being a little harsh. Maybe it is 'efficient', something I have rarely believed.

Ozyu

kempiejon
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Re: HBSC FY Results

#33348

Postby kempiejon » February 21st, 2017, 10:39 am

HSBC, well HSBA are set on my next cheap dealing day this week. I can't say a wobble in price makes too much of a difference to me but I suppose a little extra yield is nice.

Clitheroekid
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Re: HBSC FY Results

#33571

Postby Clitheroekid » February 21st, 2017, 8:25 pm

I've just made my first ever purchase of HSBA at £6.65.

This is the perfect situation for me. I'm hoping that the price will rebound somewhat after the drop today so that I can trade them on, but with such a juicy yield I'm more than happy to hang on to them if it doesn't.

(Sorry, I do realise that an intention to trade them is probably against the spirit of this board but there was no other obvious board to comment.)

Moderator Message:
Banking Sector board, will leave for now. Raptor.

Snorvey
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Re: HBSC FY Results

#33572

Postby Snorvey » February 21st, 2017, 8:26 pm

Burn him!

richfool
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Re: HBSC FY Results

#33584

Postby richfool » February 21st, 2017, 8:58 pm

I saw a video clip where the analyst was suggesting that the buybacks should have been 2 or 4 times the amount - i.e £2bn - £4bn. Otherwise he wasn't too worried about the results, - he was happy with the dividend.

OLTB
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Re: HBSC FY Results

#33613

Postby OLTB » February 21st, 2017, 11:07 pm

Snorvey wrote:Burn him!


He's not the messHYPer, he's a very naughty boy.

Arborbridge
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Re: HBSC FY Results

#33640

Postby Arborbridge » February 22nd, 2017, 7:40 am

If I was not up to weight on this one, this would be a topping up day at this 6%+ yield, because this is imho a very solid franchise


I'm in the same boat with HSBA being 1.22x my median, and even at 6% yield only in 26th place for topups.

I agree with you and Dod about this share, but this situation pose's interesting questions about when one breaks one's own "rules" about the balance of a portfolio as given with the aid of HYPTUSS. Pertinent for me at present with HSBA in 26th place and IRV being in 1st place 8-)

Probably, at present, my preferred topup would be Greene King rather than HSBA.

Arb.

Dod1010
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Re: HBSC FY Results

#33654

Postby Dod1010 » February 22nd, 2017, 8:24 am

Even after my sale last week at £7 I am still well over my median so will not be doing anything. It should be a good buy at current levels (anything below £7) given the yield which appears to be secure. The further share buy back whilst not big in terms of the size of the company will help to maintain the dividend as well.

Dod

77ss
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Re: HBSC FY Results

#33667

Postby 77ss » February 22nd, 2017, 9:18 am

Dod1010 wrote:Even after my sale last week at £7 I am still well over my median so will not be doing anything. It should be a good buy at current levels (anything below £7) given the yield which appears to be secure. The further share buy back whilst not big in terms of the size of the company will help to maintain the dividend as well.

Dod


Agreed. I had been thinking about topping up my (somewhat underweight) holding anyway, so yesterday's dip in share price just prodded me into action. Now somewhat overweight.

Minesadouble
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Re: HBSC FY Results

#33738

Postby Minesadouble » February 22nd, 2017, 1:47 pm

Earlier I top sliced my Smiths Group holding and topped up HSBC at 673, doubling my yield in the process.
I'll now treat my HSBC holding like my RDSB position and regard it as closed (i.e. no further top ups), having reached a significant £ quantum.

kempiejon
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Re: HBSC FY Results

#33745

Postby kempiejon » February 22nd, 2017, 2:19 pm

Arborbridge wrote:Probably, at present, my preferred topup would be Greene King rather than HSBA.

Arb.


I added to both today, even though it does make me heavier in financials.
.

Minesadouble
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Re: HBSC FY Results

#33748

Postby Minesadouble » February 22nd, 2017, 2:22 pm

Parallel lives!

I've also added to my Greene King position, as well as HSBC.

Great minds...and all that stuff

Arborbridge
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Re: HBSC FY Results

#33767

Postby Arborbridge » February 22nd, 2017, 3:35 pm

You've all done very well :D

There's always more to top up, more, more, more!

monabri
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Re: HBSC FY Results

#33806

Postby monabri » February 22nd, 2017, 6:40 pm

You are only overweight because you haven't yet topped up the other shares to balance !


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