HSBC (HSBA)

[idpickering]

HSBC Scrip Dividend - Exchange Rate

https://www.investegate.co.uk/hsbc-hold ... 20042211D/

And similarly over on HYP Practical;

viewtopic.php?p=231722#p231722

[idpickering]

Interims here, https://www.hsbc.com/media/media-releas ... sults-2019

[idpickering]

Further to the above,

Dividend timetable.

05 Aug 2019 Announcement
15 Aug 2019 Shares quoted ex-dividend in London, Hong Kong, New York, Paris and Bermuda
16 Aug 2019 Record date in London, Hong Kong, New York, Paris and Bermuda
26 Sep 2019 Payment date

https://www.hsbc.com/investors/sharehol ... -timetable

[monabri]

I thought the main news would be the announcement departure of the CEO (John Flint)?

https://www.londonstockexchange.com/exc ... 75441.html

[Dod101]

I agree monabri and have just posted that on the HYP P Board. Once again I do not understand why we have two Boards. I am concerned about the abrupt departure of John Flint. Indicates a fall out, maybe with Mark Tucker and remember he is the first outside chairman ever to have been appointed by HSBC. I feel very uncomfortable about the departure. Most unlike HSBC. I think shareholders are entitled to know a bit more.

Dod

[idpickering]

HSBC HOLDINGS PLC SHARE BUY-BACK

HSBC Holdings plc ('HSBC') announces that, as outlined in its announcement on 5 August 2019, it will commence a share buy-back of HSBC's ordinary shares of US$0.50 each ('Ordinary Shares') for up to a maximum consideration of US$1,000,000,000 (the 'Buy-back'). The purpose of the Buy-back is to reduce HSBC's outstanding Ordinary Shares.

https://www.investegate.co.uk/hsbc-hold ... 00010525I/

[Dod101]

HSBC HOLDINGS PLC SHARE BUY-BACK

HSBC Holdings plc ('HSBC') announces that, as outlined in its announcement on 5 August 2019, it will commence a share buy-back of HSBC's ordinary shares of US$0.50 each ('Ordinary Shares') for up to a maximum consideration of US$1,000,000,000 (the 'Buy-back'). The purpose of the Buy-back is to reduce HSBC's outstanding Ordinary Shares.

https://www.investegate.co.uk/hsbc-hold ... 00010525I/

I would regard that as good news. They buy back shares every year to cover the amount issued as scrip dividend but this appears to be quite separate and might be a precursor to increasing the dividend again, maybe next year?

Dod

[idpickering]

I would regard that as good news. They buy back shares every year to cover the amount issued as scrip dividend but this appears to be quite separate and might be a precursor to increasing the dividend again, maybe next year?

Dod

I agree Dod, and have the same hope as you regarding the dividend.

Ian.

[scrumpyjack]

I would prefer they got the dividend cover back to near 2 times before increasing it. Banks need to be prudent!

[idpickering]

Second interim dividend 2019 - scrip alternative; https://www.investegate.co.uk/hsbc-hold ... 15039188J/

Chat over on HYP Practical please.

Ian.

[idpickering]

Interims;

Part 1 https://www.investegate.co.uk/hsbc-hold ... 15014559K/
Part 2a https://www.investegate.co.uk/hsbc-hold ... 54054691K/
Part2b https://www.investegate.co.uk/hsbc-hold ... 57284698K/

Chat over on HYP Practical please.

Ian.

[Dod101]

Interims;

Part 1 https://www.investegate.co.uk/hsbc-hold ... 15014559K/
Part 2a https://www.investegate.co.uk/hsbc-hold ... 54054691K/
Part2b https://www.investegate.co.uk/hsbc-hold ... 57284698K/

Chat over on HYP Practical please.

Ian.

I am confused. We had an announcement of their Interim Results on 5 August. Why are they reannouncing them? This is not news I suspect. This is a PDF of the printed Interim Report. Nothing new here Ian.

Dod

[idpickering]

Interims;

Part 1 https://www.investegate.co.uk/hsbc-hold ... 15014559K/
Part 2a https://www.investegate.co.uk/hsbc-hold ... 54054691K/
Part2b https://www.investegate.co.uk/hsbc-hold ... 57284698K/

Chat over on HYP Practical please.

Ian.

I am confused. We had an announcement of their Interim Results on 5 August. Why are they reannouncing them? This is not news I suspect. This is a PDF of the printed Interim Report. Nothing new here Ian.

Dod

Fair enough Dod, thanks. If so, sorry for the confusion caused for readers, and the waste of 20 mins of my life bothering to post it.

Ian

[monabri]

Fair enough Dod, thanks. If so, sorry for the confusion caused for readers, and the waste of 20 mins of my life bothering to post it.

Ian

Better to have it twice than not at all - I commend & thank-you for your sterling efforts in keeping folks updated.

[Dod101]

So do I.

Dod

[idpickering]

My thanks to you both. As for HSBC, I’m sorely tempted to buy more of their shares. Amazingly, and surprisingly, I’m almost underwater in capital returns on my holdings of this share! I bought it for the dividend though, so I shall continue to hold, as I should.

Ian.

[idpickering]

Scrip Dividend - Exchange Rate second interim dividend for 2019 here; https://www.investegate.co.uk/hsbc-hold ... 45044731M/

Chat on HYP Practical please.

Ian.

[idpickering]

HSBC to axe up to 10,000 jobs in cost-cutting drive

HSBC Holdings Plc may eliminate as many as 10,000 jobs as part of a cost-cutting drive, according to a Financial Times report that signaled Europe may bear the brunt of the initiative.

The plan would result in a substantial reduction in HSBC’s workforce of about 238,000, the FT said, citing two people briefed on the matter. The bank, one of several European lenders eliminating roles, is questioning why it has so many people in the region when it has double-digit returns in parts of Asia, one of the people told the newspaper.

https://www.bloomberg.com/news/articles ... g-drive-ft

[Ricksure]

How on earth can a bank or any other business get rid of 10,000 staff without it effecting the everyday running of the company and if they can why didn't the management notice they were massively overstaffed some time ago and started cutting back much earlier, surly somebody at the top didn’t just wake up one morning and notice they had 10,000 staff more than they need

[Dod101]

How on earth can a bank or any other business get rid of 10,000 staff without it effecting the everyday running of the company and if they can why didn't the management notice they were massively overstaffed some time ago and started cutting back much earlier, surly somebody at the top didn’t just wake up one morning and notice they had 10,000 staff more than they need

This morning's newspaper is speculating that they will sell their French retail business which will account for a large part of the reduction. This is not simply removing a layer of management; it has to be down to selling entire businesses. Let's not prejudge this and anyway it may not even happen.

Dod