HSBC Share Price - Where is it going?

dealsearcher

The HSBC share price has had a switchback ride over the last year and it is now back at November 2012 levels.


There are concerns about China, but no more than there ever have been. China has been well known to have a shadow economy and a frothy economy reliant on very rapid growth and construction.


HSBC is a large, successful bank. It is also a share that is bought for the good dividend payments. It goes ex-dividend this Wednesday with the opportunity of a good return and yet the share price is still wallowing at low levels.

dryhat

The shares should be worth zero because the bank is insolvent.

Along with most other banks, it is only fraud, theft and market manipulation keeping them afloat.

dealsearcher

dryhat wrote: »

The shares should be worth zero because the bank is insolvent.

Along with most other banks, it is only fraud, theft and market manipulation keeping them afloat.

That is a little strong. I realise that banks have cause a lot of bad feeling among many but they are necessary for the economy, many would say too necessary.


HSBC is most certainly not insolvent. They are one of the largest banks in the world. They have a lot of business in China and south east Asia where the economy of China is slowing from a growth factor which would be enormous in Europe to a factor which would still be enormous in Europe.


So any chance of a sensible opinion as to why the HSBC share price is maintaining such a low figure with it going ex-dividend on Wednesday?

dryhat

......... and all their senior management should be stripped of every last penny they own and thrown in prison after being found guilty of laundering $400 BILLION of drug money for mexican cartels.


And they are insolvent.

camperdown9

If you were a HSBC customer with £100K+ held currently in savings would you move to another bank?

Jonbvn

camperdown9 wrote: »

If you were a HSBC customer with £100K+ held currently in savings would you move to another bank?

No. During the credit crunch they had no problems. What has happened to make the situation worse.

BTW, I bought HSBC in 2008, and did quite well:cool:

Scarpacci

camperdown9 wrote: »

If you were a HSBC customer with £100K+ held currently in savings would you move to another bank?

If I had more than £100k+ with any financial institution, I would be moving some of that money away as you're only protected up to £85k per person per banking license. I would not be moving the money because I had any concerns about HSBC in particular or had fewer concerns about any other bank.

---

On the original point, I own shares of HSBC and can think of few banks I would rather own shares of. Yes, their Eastern and Emerging Market exposure is dragging them down a bit right now, but I believe over the next few decades their activity there will a positive thing. They are well placed to benefit from increasing trade with Asia and Latin America (another region which is currently causing HSBC short-term pain), but there's no denying there is concern over China and EM right now. The share price reflects that risk.

dealsearcher

Scarpacci wrote: »

On the original point, I own shares of HSBC and can think of few banks I would rather own shares of. Yes, their Eastern and Emerging Market exposure is dragging them down a bit right now, but I believe over the next few decades their activity there will a positive thing. They are well placed to benefit from increasing trade with Asia and Latin America (another region which is currently causing HSBC short-term pain), but there's no denying there is concern over China and EM right now. The share price reflects that risk.

The share price reflects the risk of China and the emerging markets? Isn't that a bit overdone?


China is still growing well, albeit less than previously, and there is one advantage of a one party state in that they will ensure the books will balance.


The 'emerging markets' concern is also a bit overdone now. A bit of a slow down in growth and the markets panic. As these markets are emerging they will have slower times. The markets should be aware of this and not surprised by short term slow downs.


By the way the share price is currently down below 617p. That must be a bargain with the share going ex-dividend on Wednesday! Or maybe it's set to fall even more? Hence my original question.

planteria

it's an interesting one.

it's a company i follow. my Mom and Dad both worked for them. my Brother and Sister-in-Law both worked for them. i've banked with them for years.

i have held HSBC shares at various stages. 10/12 years ago i held them for several years. in the last few years i bought below £4 and sold at over £5, then bought below £5 and sold at over £6, then bought below £5 again and sold at over £6 again. so they've been quite good for me, though i don't hold them now.

at the moment the only bank shares i have are Standard Chartered. but i am interested in buying some more HSBC, potentially to hold for the long-term this time.

bigadaj

dryhat wrote: »

......... and all their senior management should be stripped of every last penny they own and thrown in prison after being found guilty of laundering $400 BILLION of drug money for mexican cartels.


And they are insolvent.

Surely all of your money isn't in bitcoin?

dealsearcher

It's down below 615p now. Where are all the dividend income buyers? I thought this was supposed to be a good dividend income share? Maybe they will pile in tomorrow.