Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

HSBC (HSBA)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: HSBC (HSBA)

#440607

Postby Dod101 » September 8th, 2021, 1:19 pm

I think that the modest dividend announcement for the interim (not even quarterly) has disappointed and maybe even puzzled some shareholders as well as the geo-political issues outlined by scrumpyjack. I am hoping to visit HK over the winter if Covid will allow me entry and I expect to find it more or less (on the surface anyway) not much different than it has always been but that of course tells us nothing. It will though be good to 'taste the air' and see what sort of impression it leaves me with.

A careful reading of the Interim Report which I recently received has given me nothing untoward to be concerned about (I do not mean the rather obscure numbers but the commentaries) but I am concerned about the share price drift downwards. It is in no danger of collapse I am sure but the future looks more than usually uncertain.

Dod

MDW1954
Lemon Quarter
Posts: 2358
Joined: November 4th, 2016, 8:46 pm
Has thanked: 526 times
Been thanked: 1011 times

Re: HSBC (HSBA)

#440749

Postby MDW1954 » September 8th, 2021, 7:06 pm

Dod101 wrote:I am hoping to visit HK over the winter if Covid will allow me entry and I expect to find it more or less (on the surface anyway) not much different than it has always been but that of course tells us nothing. It will though be good to 'taste the air' and see what sort of impression it leaves me with.

Dod


As an old Asia hand it will be good to hear what you think.

MDW1954

Pendrainllwyn
Lemon Slice
Posts: 304
Joined: November 4th, 2016, 9:53 pm
Has thanked: 162 times
Been thanked: 200 times

Re: HSBC (HSBA)

#440824

Postby Pendrainllwyn » September 8th, 2021, 11:42 pm

Dod,

I think you'll find on the surface nothing much has changed.

I struggle to get excited by HSBC. They averaged a 5.3% ROE in the 9 years 2012 to 2020 (figures from Morningstar) and lost money in 2011. That's a lengthy period of underperformance. In the best of those 10 years (2013) ROE was only 8.75%. Some other banks have done a much better job of turning around their performance. Unless the future is a lot brighter then even at 380p there are much more interesting investment opportunities out there in my humble opinion.

Pendrainllwyn

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: HSBC (HSBA)

#443861

Postby idpickering » September 20th, 2021, 3:24 pm

Interim Dividend for 2021 Half Year- Exchange Rate

https://www.investegate.co.uk/hsbc-hold ... 00053338M/

funduffer
Lemon Quarter
Posts: 1328
Joined: November 4th, 2016, 12:11 pm
Has thanked: 122 times
Been thanked: 831 times

Re: HSBC (HSBA)

#447749

Postby funduffer » October 4th, 2021, 2:35 pm

Am I right in assuming HSBC have now reverted to two dividends per year - interim and final, paid in September and April?

If so, is this the policy for the foreseeable future?

I can find the new dividend payout policy in the annual accounts, but I couldn't find anything on this.

Thanks in advance.

FD

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: HSBC (HSBA)

#447772

Postby idpickering » October 4th, 2021, 3:39 pm

funduffer wrote:Am I right in assuming HSBC have now reverted to two dividends per year - interim and final, paid in September and April?

If so, is this the policy for the foreseeable future?

I can find the new dividend payout policy in the annual accounts, but I couldn't find anything on this.

Thanks in advance.

FD


Hi FD,

I'm open to being proved wrong, but I think you're right re the two payments pa.

From their Investor's info page we have this;

Interim paid on 29 Apr 21, and then this;

02 Aug 2021 Announcement
19 Aug 2021 Shares quoted ex-dividend in London, Hong Kong, New York and Bermuda
20 Aug 2021 Record date in London, Hong Kong, New York and Bermuda
16 Sep 2021 Election deadline
20 Sep 2021 Exchange rate determined for payment of dividends in sterling and Hong Kong dollars
30 Sep 2021 Payment date


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

Ian.

Gerry557
Lemon Quarter
Posts: 2003
Joined: September 2nd, 2019, 10:23 am
Has thanked: 172 times
Been thanked: 542 times

Re: HSBC (HSBA)

#447802

Postby Gerry557 » October 4th, 2021, 5:06 pm

I'm not sure it was a change in policy but reaction to the PRA, first stopping dividends and then allowing what appears to be limited reapplication.

I suspect pressure is still being applied as it seems all banks are acting similarly. Lloy announced the start of quarterly dividend payments just before covid. To date its never paid one quarterly and restarted semi annual, again at lower rates.

I suspect it might be the next year when Hsba restarts quarterly, even if its still at a lower rate than pre covid.

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: HSBC (HSBA)

#447813

Postby Dod101 » October 4th, 2021, 5:26 pm

You are of course correct re hallf yearly payments instead of quarterly. That reflects I think and hope the 'transition' that the PRA wrote about in the middle of this year but in the case of HSBC it was a very halfhearted transition. They were arguably paying out too much up until the end of 2019, like several other companies, Shell, Imperial Brands and possibly the two pharmas, and have taken advantage of the situation to rebase theur dividend.

Dod

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: HSBC (HSBA)

#450783

Postby monabri » October 17th, 2021, 1:42 pm

3Q 2021 update

25 October 2021

"HSBC Holdings plc will announce its 3Q 2021 Earnings Release on Monday, 25 October at 5 am BST. A webcast and conference call with investors and analysts will be held at 7.30 am BST."

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: HSBC (HSBA)

#450786

Postby monabri » October 17th, 2021, 1:54 pm

20242 million ordinary shares according to:

https://financials.morningstar.com/rati ... =xlon:hsba

The dividend has been cut from 51cents to 22cents.

https://www.dividenddata.co.uk/dividend ... ?epic=HSBA

That's a saving of 29cents x 0.7276 x 20242 million = £4.27 bn per year.

That's quite a big chunk of change!

csearle
Lemon Quarter
Posts: 4764
Joined: November 4th, 2016, 2:24 pm
Has thanked: 4814 times
Been thanked: 2083 times

Re: HSBC (HSBA)

#450881

Postby csearle » October 17th, 2021, 8:04 pm

Banks, don't you love 'em.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: HSBC (HSBA)

#452808

Postby idpickering » October 25th, 2021, 5:35 am

3Q Earnings Release.


Noel Quinn, Group Chief Executive, said:
"We had a good third-quarter performance, with strong growth in profits supported by additional credit provision releases. Our strategy
remains on track, with good delivery in all areas. This was reflected in more consistent top-line growth, robust lending pipelines across
our businesses, and rising trade and mortgage balances.
While we retain a cautious outlook on the external risk environment, we believe that the lows of recent quarters are behind us. This
confidence, together with our strong capital position, enables us to announce a share buyback of up to $2bn, which we expect to
commence shortly."
Financial performance (vs. 3Q20)
• Reported profit after tax up $2.2bn to $4.2bn and reported profit before tax up $2.3bn to $5.4bn. The increase was driven
by a release of expected credit losses and other credit impairment charges (‘ECL’) and a higher share of profit from our associates.
• All regions profitable in 3Q21, demonstrating continued earnings diversity. Asia contributed $3.3bn to Group reported profit
before tax, while in HSBC UK reported profit before tax increased by $1.0bn to $1.5bn.
• Reported revenue up 1% to $12.0bn, including a favourable foreign currency translation movement. Adjusted revenue down
1% to $12.2bn, primarily reflecting unfavourable market impacts in life insurance manufacturing in Wealth and Personal Banking
(‘WPB’) and lower revenue in Markets and Securities Services (‘MSS’). Notwithstanding these factors, we have seen continued good
performance.
• Net interest margin (‘NIM’) of 1.19% was broadly stable compared with 3Q20 and 2Q21.
• Reported ECL were a net release of $0.7bn, compared with a $0.8bn ECL charge in 3Q20, reflecting continued stability
Net interest margin (‘NIM’) of 1.19% was broadly stable compared with 3Q20 and 2Q21.
• Reported ECL were a net release of $0.7bn, compared with a $0.8bn ECL charge in 3Q20, reflecting continued stability in
economic conditions and better than expected levels of credit performance.
• Reported and adjusted operating expenses were broadly unchanged as increases, including growth in technology investment,
were offset by the impact of our cost-saving initiatives.
• Reported customer lending balances down $20bn in the quarter, including adverse foreign currency translation movements.
On a constant currency basis, customer lending balances down $6bn, mainly from the repayment of $14bn of short-term borrowing to
fund investments in initial public offerings in Hong Kong, partly offset by continued growth in mortgage balances of $7bn.
• Common equity tier 1 (‘CET1’) capital ratio of 15.9%, up 30 basis points (‘bps’) from 2Q21, reflecting a reduction in riskweighted
assets (‘RWAs’), partly offset by a decrease in CET1 capital, net of foreseeable dividends.
Financial performance (vs. 9M20)
• Reported profit after tax up $7.5bn to $12.7bn and reported profit before tax up $8.9bn to $16.2bn. Lower revenue was
more than offset by net releases in ECL. Reported profit in 9M20 included an impairment of software intangibles of $1.3bn, mainly in
Europe, and our share of an impairment of goodwill recorded by an associate.
• Reported revenue down 3% to $37.6bn, primarily reflecting 2020 interest rate reductions and lower revenue in MSS in Global
Banking and Markets (‘GBM’). These reductions were partly offset by net favourable movements in market impacts in life insurance
manufacturing and valuation adjustments in GBM.
• Reported ECL were a net release of $1.4bn, compared with a $7.6bn ECL charge in 9M20. The net release in 9M21 primarily
reflected an improvement in the economic outlook since 2020. The reduction also reflected low levels of stage 3 charges in 9M21, as
well as the non-recurrence of a large charge in 9M20 related to a corporate exposure in Singapore.
• Reported operating expenses up 2% as a higher performance-related pay accrual and increased investment in technology were in
part mitigated by the impact of our cost-saving initiatives.
• Return on average tangible equity (‘RoTE’) (annualised) of 9.1%, up 5.6 percentage points from 9M20.


The above is downloadable via here;

https://www.hsbc.com/investors

HSBC CFO was interviewed on Bloomberg at 0530hrs UK time, and mentioned that although they'll be a £2Bn share buy back, but no dividend payable in 2021. nb That's dollars buy back value, not pounds sterling btw.

Ian.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: HSBC (HSBA)

#452813

Postby idpickering » October 25th, 2021, 7:12 am

My apologise. I misheard the CFO in the interview. he said they look forward to PAYING a dividend in the full year results.

Ian.

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: HSBC (HSBA)

#452818

Postby Dod101 » October 25th, 2021, 8:06 am

Just to be clear, there will be a $2 billion buyback (not £2 billion) and they will consider a final dividend for 2021 at the time of their annual result announcement early next year. That is pretty much as expected and of course without careful analysis the figures are clouded by the releases of earlier provisions. Still, the results look good on the face of it and it will be very interesting to see the full year figures in due course.

Dod

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: HSBC (HSBA)

#453076

Postby idpickering » October 26th, 2021, 7:07 am

HSBC HOLDINGS PLC SHARE BUY-BACK

HSBC Holdings plc ('HSBC') announces that, as outlined in its announcement on 25 October 2021, 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$2,000,000,000 (the 'Buy-back'). The purpose of the Buy-back is to reduce HSBC's outstanding Ordinary Shares.

HSBC has entered into an irrevocable, non-discretionary agreement (the 'Agreement') with Morgan Stanley & Co. International plc ('Morgan Stanley') to enable the purchase of Ordinary Shares by Morgan Stanley acting as principal, during the period running from 26 October 2021 and ending no later than 20 April 2022 (subject to regulatory approval remaining in place), for an aggregate purchase price of up to US$2,000,000,000 and the simultaneous on-sale of such Ordinary Shares by Morgan Stanley to HSBC.

Morgan Stanley will make trading decisions in relation to the Buy-back independently of HSBC. Any purchases of Ordinary Shares will be carried out on the London Stock Exchange, Aquis Exchange, BATS, Chi-X and/or Turquoise in accordance with certain pre-set parameters and in accordance with (and subject to limits prescribed by) HSBC's general authority to repurchase Ordinary Shares granted by its shareholders at the annual general meeting on 28 May 2021 (the '2021 Authority'), Chapter 12 of the Financial Conduct Authority's Listing Rules, Article 5(1) of the Market Abuse Regulation (EU) No 596/2014 (as it forms part of domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the 'Withdrawal Act')), the Commission Delegated Regulation (EU) No 2016/1052 (as it forms part of domestic law of the United Kingdom by virtue of the Withdrawal Act)), the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Hong Kong Codes on Takeovers and Mergers and Share Buy-Backs and applicable US federal securities laws. All repurchases by HSBC under the Buy-Back will be 'on Exchange' transactions (as such term is defined in the rules of the London Stock Exchange) and will be 'market purchases' for the purposes of the Companies Act 2006. Ordinary Shares purchased under the Buy-back will be cancelled.

The maximum number of Ordinary Shares that may be repurchased under the Buy-back is 2,042,279,925, being the number of Ordinary Shares able to be repurchased under the 2021 Authority.


https://www.investegate.co.uk/hsbc-hold ... 00012500Q/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: HSBC (HSBA)

#466642

Postby idpickering » December 17th, 2021, 7:32 am

HSBC fined $85 million for anti-money laundering failings

Britain’s financial regulator said on Friday that it had fined HSBC 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes.

The Financial Conduct Authority said it had found that three key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight years from 31 March 2010 to 31 March 2018.


https://www.fxempire.com/news/article/h ... ngs-843708

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: HSBC (HSBA)

#466665

Postby monabri » December 17th, 2021, 9:10 am

idpickering wrote:HSBC fined $85 million for anti-money laundering failings

Britain’s financial regulator said on Friday that it had fined HSBC 63.95 million pounds ($85.16 million) for failings in its anti-money laundering processes.

The Financial Conduct Authority said it had found that three key parts of HSBC’s transaction monitoring systems showed serious weaknesses over a period of eight years from 31 March 2010 to 31 March 2018.


https://www.fxempire.com/news/article/h ... ngs-843708



Unlike NatWest, they only needed small bin bags!

viewtopic.php?p=465609#p465609

https://www.telegraph.co.uk/news/2021/1 ... -bin-bags/

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: HSBC (HSBA)

#466668

Postby Dod101 » December 17th, 2021, 9:16 am

Historical let's hope and the fine is a pinprick for them

Dod

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: HSBC (HSBA)

#472210

Postby Dod101 » January 11th, 2022, 9:05 pm

The share price is just short of £5 this afternoon. I guess the market must be expecting decent results in due course.

And I see that in September I was hoping to get to HK this winter. I guess it is not to be. With a good reason HK will allow a UK citizen to land but they require 3 weeks of quarantine at a hotel of the HKGovernment’s choosing and it must be paid for in advance. The usual reason is family reunion and I cannot claim that even if I accepted the quarantine.

Dod

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: HSBC (HSBA)

#477879

Postby monabri » February 1st, 2022, 7:15 pm

My "losses" in HSBA have narrowed significantly in the last few weeks. Another 7.3p on the shareprice and I will be in the black. The question then will be what to do next? Holding for the moment hoping that the annual results on 22nd February keep the momentum going and the dividend receives a tickle!


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: No registered users and 9 guests