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HSBC (HSBA)

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idpickering
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Re: HSBC (HSBA)

#259691

Postby idpickering » October 23rd, 2019, 4:36 pm

Scrip circular

On 2 October 2019 your Directors declared a third interim dividend for 2019 of US$0.10 per ordinary share (the 'dividend'). The dividend is payable on 20 November 2019 to shareholders who are recorded on the Principal register, Hong Kong or Bermuda Overseas Branch registers on 11 October 2019 ('record date'). You have a choice of receiving the dividend in cash in three currencies (US dollars, Hong Kong dollars or sterling). You may also elect to receive it as a scrip dividend in the form of new shares.


https://www.investegate.co.uk/hsbc-hold ... 02058545Q/

idpickering
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Re: HSBC (HSBA)

#260530

Postby idpickering » October 28th, 2019, 5:45 am

3Q 2019 update



Highlights

•Reported profit before tax down 18% to US$4.8bn
•Reported profit before tax in Asia up 4% to US$4.7bn in 3Q19, with a resilient performance in Hong Kong
•Customer lending up 7% and customer deposits up 5% compared with 3Q18 on a constant currency basis
•Commercial Banking and Retail Banking performed well compared with 3Q18
•Global Banking and Markets performance reflected low levels of client activity in Global Markets; transaction banking franchises delivered a resilient performance
•Continued strong capital levels, with common equity tier 1 (‘CET1’) ratio of 14.3%, including the completion of a US$1bn share buyback


Also;
They intend to sustain the dividend and maintain a CET1 (Common equity tier 1) ratio of above 14 per cent.


https://www.hsbc.com/investors/results- ... quick-read

This did not go down well, with the share down 2% on Asian market on release.
I hold, and have topped up recently. I shall continue to hold for the long term

Ian.

Dod101
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Re: HSBC (HSBA)

#260535

Postby Dod101 » October 28th, 2019, 7:03 am

Thanks Ian. They would be better off without these quarterly updates. I think the important thing is that they are clearly going to take action in Europe and the US. Their capital remains very strong and they are doing well in Asian markets. Furthermore there is no apparent threat to the dividend.

I have not read all the stuff but there did not seem much on the CEO which I am interested in.

Dod

idpickering
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Re: HSBC (HSBA)

#260542

Postby idpickering » October 28th, 2019, 7:58 am

Dod101 wrote:Thanks Ian. They would be better off without these quarterly updates. I think the important thing is that they are clearly going to take action in Europe and the US. Their capital remains very strong and they are doing well in Asian markets. Furthermore there is no apparent threat to the dividend.

I have not read all the stuff but there did not seem much on the CEO which I am interested in.

Dod


You’re welcome Dod. The CFO was interviewed on Bloomberg earlier, and seemed fairly placid and relaxed about this announcement.

Share down 3% on U.K. market opening.

Ian.

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Re: HSBC (HSBA)

#260552

Postby monabri » October 28th, 2019, 9:09 am

A non-diversified portfolio ..."JimWu"? ( article from 2017) ...

http://www.ejinsight.com/20170223-a-tax ... bc-shares/

(£1 roughly equal to HK$10).

;)

idpickering
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Re: HSBC (HSBA)

#260580

Postby idpickering » October 28th, 2019, 12:11 pm

monabri wrote:A non-diversified portfolio ..."JimWu"? ( article from 2017) ...

http://www.ejinsight.com/20170223-a-tax ... bc-shares/

(£1 roughly equal to HK$10).

;)


Thanks monabri, that was interesting. Funnily enough, my account is set to buy more BT.A tomorrow, and I’m toying with buying more HSBC instead? The later are down over 4% as I type. Sadly HSBC are at my ,maximum spend limit, and I’m not sure they merit going overboard on them?

Ian.

idpickering
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Re: HSBC (HSBA)

#260594

Postby idpickering » October 28th, 2019, 1:12 pm

Further to my comment above, I'm going to stick with the BT.A top up. HSBC are a hold for me for now.

Ian.

idpickering
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Re: HSBC (HSBA)

#260595

Postby idpickering » October 28th, 2019, 1:18 pm

This from TMF;

The HSBC share price is down today! Here’s why I’d buy and hold it inside an ISA

Like many of the big banks, HSBC Holdings (LSE: HSBA) looks massively tempting at the moment, yet is struggling to live up to its potential.

I’d buy on today’s dip

The Asia-focused banking giant trades at just 10.8 times forward earnings, while offering investors a juicy forecast yield of 6.4%, covered 1.4 times by earnings. Yet investors who thought they were buying a high-dividend bargain stock will have been disappointed by recent progress. Today delivers yet another setback.

The HSBC share price is down more than 4% after Monday’s Q3 earnings release showed a 24% drop in profit attributable to ordinary shareholders, to $3bn, blamed on that reliable scapegoat “challenging market conditions.”


https://www.fool.co.uk/investing/2019/1 ... de-an-isa/

idpickering
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Re: HSBC (HSBA)

#268159

Postby idpickering » November 29th, 2019, 4:15 pm

Another from TMF.

Will restructuring be good for the HSBC share price?

HSBC Holdings (LSE: HSBA) was making headlines for all the wrong reasons this morning. Along with Santander, the bank had failed to keep up with new regulations set in February 2018 that required it to text its customers when their accounts were close to going into their overdraft – an attempt to avoid high fees the banks charge for such facilities.

HSBC now needs to refund the 115,000 customers who were affected, to the tune of £8m, and now has to investigate if any other breaches have taken place since 2018. The news comes at an important time for HSBC, as it attempts to undergo a fundamental restructure whose main aim is to focus on its Asian operations, and move away from lower profitability regions such as the US.


https://www.fool.co.uk/investing/2019/1 ... are-price/

I hold HSBC in my HYP, and my ISA is set to top them up on 20/12/19. imho, they're currently a steal for a long term buy & hold.

Ian.

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Re: HSBC (HSBA)

#270039

Postby idpickering » December 9th, 2019, 9:03 am

SENIOR MANAGEMENT CHANGES



HSBC Holdings plc (the 'Company', and together with its subsidiaries, the 'Group') announces a number of changes to its senior management team which will position the Group for the next phase of its strategy.

Pam Kaur, Head of Wholesale Market and Credit Risk, will be appointed as Group Chief Risk Officer with effect from 1 January 2020. Marc Moses, an executive Director of the Company, will assist with a handover of his responsibilities before stepping down from the Board of Directors (the 'Board') and the role of Group Chief Risk Officer on 31 December 2019. Marc will continue to provide support to the Group Chief Executive until he formally retires from the Group on 9 December 2020. He will receive remuneration and benefits in line with the terms of his service contract and the Directors' Remuneration Report as published in the Annual Report and Accounts.


https://www.investegate.co.uk/hsbc-hold ... 00071759W/

idpickering
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Re: HSBC (HSBA)

#281911

Postby idpickering » February 3rd, 2020, 11:37 am


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Re: HSBC (HSBA)

#285076

Postby idpickering » February 18th, 2020, 5:26 am


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Re: HSBC (HSBA)

#285178

Postby idpickering » February 18th, 2020, 1:24 pm

This from TMF penned by Alan Oscroft;

The HSBC (HSBA) share price falls on profit slump. Here’s what I’d do now

The HSBC Holdings (LSE: HSBA) share price fell 5% Tuesday morning after the bank revealed at 33% profit fall for 2019. That’s helped push the shares down 16% in the past 12 months, and down 25% since a high in January 2018.

Pre-tax profit, at $13.3bn, was a third lower than the 2018 figure of $19.9bn. And it’s even 22% below 2017’s figure of $17.2bn. The global banking giant put the shortfall down mainly to a $7.3bn in writedowns at its Global Banking and Markets and Commercial Banking arms in Europe. And that’s due, in part, to the bank having lowered its long-term economic growth rate assumptions for the region.


https://www.fool.co.uk/investing/2020/0 ... id-do-now/

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Re: HSBC (HSBA)

#285194

Postby dealtn » February 18th, 2020, 2:03 pm

idpickering wrote:This from TMF penned by Alan Oscroft;

The HSBC (HSBA) share price falls on profit slump. Here’s what I’d do now


...(The author) has no position in any of the shares mentioned...

Reduces his credibility as someone whose opinion matters in my eyes, sorry.

idpickering
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Re: HSBC (HSBA)

#285240

Postby idpickering » February 18th, 2020, 5:27 pm

dealtn wrote:
idpickering wrote:This from TMF penned by Alan Oscroft;

The HSBC (HSBA) share price falls on profit slump. Here’s what I’d do now


...(The author) has no position in any of the shares mentioned...

Reduces his credibility as someone whose opinion matters in my eyes, sorry.



Fair enough. You are but one lemonfooler, as am I. Others might find it interesting nonetheless, as did I.

Ian.

idpickering
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Re: HSBC (HSBA)

#296367

Postby idpickering » April 1st, 2020, 7:21 am

Regarding the HSBC upcoming dividend, see this;

The Board of HSBC Holdings plc (‘HSBC’) has today received from the Bank of England through the Prudential Regulation Authority (‘PRA’) a written request not to pay, in HSBC's case, the fourth interim dividend in respect of 2019. Similar requests have been made to other UK incorporated banking groups.

The Board recognises the current and potential material impact on the global economy as a result of the coronavirus pandemic and the important role that HSBC has in helping its customers to manage through the crisis and to have resources to invest when recovery occurs. HSBC has a strong capital, funding and liquidity position; however, there are significant uncertainties in assessing the time period of the pandemic and its impact.

The Board has therefore met to discuss the written request from the PRA and, in response to the request, has cancelled the fourth interim dividend of US$0.21 per ordinary share, which was scheduled to be paid on Tuesday, 14 April 2020. The Board regrets the impact this cancellation will have on our shareholders, including our retail shareholders in Hong Kong, the UK and elsewhere.

The Board has also decided that until the end of 2020 we will make no quarterly or interim dividend payments or accruals in respect of ordinary shares, or undertake any share buy-backs in respect of ordinary shares.


https://www.hsbc.com/media/media-releas ... -dividends

Also on HYP Practical.

idpickering
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Re: HSBC (HSBA)

#298274

Postby idpickering » April 6th, 2020, 1:16 pm

Important Information relating to Annual General Meeting

See; https://www.investegate.co.uk/hsbc-hold ... 30018801I/

Also on HYP Practical for HYPer chat.

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Re: HSBC (HSBA)

#302099

Postby JuanDB » April 20th, 2020, 10:40 pm

Rumour of HSBC $600m exposure to Singaporean oil trading company with liquidity issues.

https://www.straitstimes.com/business/companies-markets/spore-oil-trader-reportedly-owes-banks-at-least-43b

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Re: HSBC (HSBA)

#302115

Postby Dod101 » April 21st, 2020, 6:47 am

It really has problems. An oil trader with liquidity issues.

Dod

idpickering
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Re: HSBC (HSBA)

#303742

Postby idpickering » April 28th, 2020, 6:03 am

Q1 earnings release available via download, here;

https://www.hsbc.com/investors/results- ... ouncements

Also posted on HYP Practical.


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