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What price is HSBC a buy?

Dod101
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Re: What price is HSBC a buy?

#163478

Postby Dod101 » August 31st, 2018, 11:25 pm

Going back to simoan's objection to the statement, it is a direct take from the Interim Report which I should have noted before. It is the sort of statement that many company's make in their Annual or Half Yearly Reports. To object to that is sheer prejudice.#

Dod

StepOne
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Re: What price is HSBC a buy?

#164570

Postby StepOne » September 6th, 2018, 9:16 am

absolutezero wrote:
simoan wrote: I thought it was our money they needed in order to run their business.


That's where you're wrong.
Banks create money from thin air every time a new mortgage, loan or credit card transaction goes through.
They only need to keep a very very small amount of money on their balance sheet.


It might be a small amount, but it still comes from deposits, so Simoan is correct.

FredBloggs
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Re: What price is HSBC a buy?

#165223

Postby FredBloggs » September 9th, 2018, 4:46 am

Well, here we are less than a couple of weeks later and another chunk of HSBA stock is looking rather attractive in order to take another bite out of my cash pile. I'll be watching closely early this coming week. Next divi can't be too far away either, must check.

Dod101
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Re: What price is HSBC a buy?

#165226

Postby Dod101 » September 9th, 2018, 7:18 am

The next dividend is due on 27 September and they will now be ex div. I think the (relatively) secure dividend will give support for the share price and if I had spare cash I think at current levels they are a good buy. The yield is now approaching 6%, but the whole market has fallen back so who knows?

Dod

FredBloggs
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Re: What price is HSBC a buy?

#165238

Postby FredBloggs » September 9th, 2018, 9:09 am

Dod101 wrote:The next dividend is due on 27 September and they will now be ex div. I think the (relatively) secure dividend will give support for the share price and if I had spare cash I think at current levels they are a good buy. The yield is now approaching 6%, but the whole market has fallen back so who knows?

Dod

Who knows indeed. Cheap can get cheaper still. But quality is very cheap here I think. Quality wins in the end. (Hint, Carillion). Interestingly, The Bloggs PF is at an all time high.

richfool
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Re: What price is HSBC a buy?

#165629

Postby richfool » September 11th, 2018, 9:58 am

As well as HSBC, financials generally seem to be down lately, including LGEN and SLA., both offering c 6.00% dividend yields (and both of which I hold, as well as HSBA), but I am reluctant to add more to that sector.

Whilst banks should profit from rising interest rates, the only place they are rising and only slightly is the US and that maybe slowing. Asset Managers I see as susceptible to market corrections and bull markets.


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