HSBC Share Price - Where is it going?

Thrugelmir

Results for 2013 disappointed the market. Banks are in general are deleveraging so ex-growth currently. Boost to profits is coming from cost saving along with better lending margins.

HSBC is rumoured to be considering floating off the UK operation. That would add value to the shares.

I'm still a buyer of the shares. As although unexciting. Probably one of the best bank shares to hold currently.

dealsearcher

China results show an 18% fall year on year February 2013 to February 2014. However the results for February 2013 are reported as being inflated due to the shadow banking economy and the fake goods market. So the apparent fall of 18% may not be as bad as that after all.


Far east shares improved overnight (our time) and the FTSE is expected to open higher. Let's see .....

dealsearcher

So HSBC down below 600p today. Rather more than the dividend payment. Not a lot of investors liking this share. Most analysts have targets above 700p and are glowing about the long term dividend returns. Yet to be evident in general investor opinion though.

planteria

agreed. i am growing keener.

lvader

The stock markets are down and banking sector overall is also down so the price movement is quite normal, for a long term investor it's just noise.

redbuzzard

lvader wrote: »

The stock markets are down and banking sector overall is also down so the price movement is quite normal, for a long term investor it's just noise.

14p below Monday's price before it went ex div. The divi is 11p of that. I would certainly say 3p a share is noise.

The price movement has pushed the reported yield through 5%, a nice psychological support

planteria

Thrugelmir wrote: »

HSBC is rumoured to be considering floating off the UK operation. That would add value to the shares.

i don't see that happening. do you?

planteria

redbuzzard wrote: »

The price movement has pushed the reported yield through 5%, a nice psychological support

agreed. i am not quite ready to invest any more money, but 5%+ will attract my attention when i am.

dealsearcher

The current price has not been this low since October 2012 and HSBC didn't suffer the same as Lloyds and RBS in 2008. It has had low points below 600p in 2008 and in 2011/12 but it has mostly been well above the current level. Many investment funds have HSBC in their portfolios. It's always been considered a good share to hold.

bigadaj

planteria wrote: »

i don't see that happening. do you?

Don't see why not. Many of the management are here but the business doesn't have to be, look at all the miners, oil companies etc.

HSBC only came into teh uk as a political favour to bail out teh old midland bank 20 years ago. The uk is a developed market with low growth, and the retail banking sector is competitive and low margin, it's their overseas and particularly Asian markets that are condieereed valuable by many.