Associate
I hadn't realised HSBC had dropped that low even with the FTSE recovery to 6000pts mark. I had bit of cash in my S&S ISA so I bought at 378p. Thanks for the heads up.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
I hadn't realised HSBC had dropped that low even with the FTSE recovery to 6000pts mark. I had bit of cash in my S&S ISA so I bought at 378p. Thanks for the heads up.
No worries, hope it works out for you. I didn't have any HSBC before today- just bought in.
Soldato
I've also been watching HSBC, big drop is interesting and seems to have impacted other bank shares today. I'm currently waiting for the US markets to open, then I might join in with a little HSBC long term hold (not that I have much £ to play with
)I've also been watching HSBC, big drop is interesting and seems to have impacted other bank shares today. I'm currently waiting for the US markets to open, then I might join in with a little HSBC long term hold (not that I have much £ to play with
Sounds good. I had a look at other FTSE100 bank shares. I liked HSBC because:
- Huge market cap of £81bn- more than 4 times the size of Barclays/Lloyds
- Consistent profit making over the last 5 years- worst year was 2016 (only £3.46bn!). In both 2015 and 2019, over £15bn profit was made
- Latest news has quarterly profits down 48%, but still at $3.2bn for the quarter- hardly likely to keep you awake at night
- Net assets of nearly £193bn (so technically, the company is worth nearly 2.4 times the asking price on the market)
- £154bn in cash
- P/E taking last 5 years profits was about 7.5, which is nice and low
- Massive international presence
- As I mentioned earlier, lowest share price since 2009 (banking crisis). Before that, you'd have to go back to 1998 (possibly Asian financial crisis related?)
Soldato
I must add, I'm not really sure what impact the US markets opening will have today, do I think the China news will scare them? Who knows. However, I'm just wary of a drop / is this bottom? - like all
I'm already in with RBS, Permission, IAG - all currently down, but all for long term hold.
I must add, I'm not really sure what impact the US markets opening will have today, do I think the China news will scare them? Who knows. However, I'm just wary of a drop / is this bottom? - like all
I'm already in with RBS, Permission, IAG - all currently down, but all for long term hold.
I always think- if you can rationally explain at the time of purchase why a share is worth that price, then it doesn't matter if it's going to drop more. Trying to do anything else is just guesswork.
Interesting mix of companies there. I did own Easyjet but sold out before any of this all kicked off (was happy to take the profit). Don't think I'd buy airline stocks again, they're a bit too risky/flaky. I tend to stay away from property/construction for similar reasons. Great in the boom times, but they can tank when things sink.
Homebuilders are a bit like a cartel though, which is good from an investor's point of view. When times are hard, they just stop building. Happened after the last crash. In effect, they can control supply, which is a very powerful card to have. Certainly, demand for housing always seems to be there.
RBS look well priced. They did lose a lot of money in '15/16 though. Would be interesting to know why that was.
Soldato
Exactly why I put a little money in, they control all the cards - quite literally
RBS had a lot of legacy fines that needed cleaning up, that has now all been resolved. The capital is good and returned good profit last year. I did buy in at slightly higher then they are currently, however I feel that Banks will come out fine and it's a short term drop.
I have missed out on some good trades though, all of which were on my watch lists (based off my own thinking). I would say it's because I didn't have funds available or just over cautious:
- Zoom (I brought and then sold too early, panic sell)
- JustEat
- Dominoes
- MasterCard (these were at a bargain price at one point)
- Disney (like above - bargain)
- Amazon (we all knew it would do well)
Hindsight is great!
Associate
News of China’s plans to bypass Hong Kong lawmakers and impose their own national security law has hit shares in both HSBC (HSBA) and Prudential (PRU), both of which have significant exposure to both the financial centre and the mainland. Shares in the lender and life insurance group are down 5 and 8 per cent respectively in early trading, while fellow Asia-focused bank Standard Chartered (STAN) is off 4 per cent as investors re-appraise one of the geopolitical risks which dominated much of 2019.
Associate
I am looking to buy some RBGP shares. But they do not appear on Trading 212. I am a bit of a novice so would really appreciate it if someone could tell me wht they dont come up?
Soldato
Traded £67k of volume today and 50m value, do they need more liquidity
https://finance.yahoo.com/quote/RBGP.L?p=RBGP.L&.tsrc=fin-srch
https://finance.yahoo.com/quote/RBGP.L?p=RBGP.L&.tsrc=fin-srch
Soldato
Associate
- Joined
- 25 Aug 2008
- Posts
- 947
Checked my holdings today as was thinking of topping up something(payday 
)...
HUR.L has dropped 40% today as they have had to suspend one of their Wells. Price is roughly in line with the split last announced split in well production, but the remaining well has produced higher than currently on its own so I don't see this factored into the price and still think there is value here. I expect a short term recovery to around 9/10p in say 6-8 weeks if oil prices remain stable where they are, and more so if they announce increased production flows from the single well and intent to drill and test further wells. The price and movements also appear to be based more on current production rates and oil prices, and doesn't necessarily factor in the value of the fields.
Old article, but might be of interest to some if willing to take a punt on Oil.
https://www.marketscreener.com/HURR...-Lancaster-Appraisal-Well-205-21a-6-19046178/
)...HUR.L has dropped 40% today as they have had to suspend one of their Wells. Price is roughly in line with the split last announced split in well production, but the remaining well has produced higher than currently on its own so I don't see this factored into the price and still think there is value here. I expect a short term recovery to around 9/10p in say 6-8 weeks if oil prices remain stable where they are, and more so if they announce increased production flows from the single well and intent to drill and test further wells. The price and movements also appear to be based more on current production rates and oil prices, and doesn't necessarily factor in the value of the fields.
Old article, but might be of interest to some if willing to take a punt on Oil.
https://www.marketscreener.com/HURR...-Lancaster-Appraisal-Well-205-21a-6-19046178/
Associate
Not traded for a while but have some extra cash due to lockdown.
Anyone have a recommendation for what the best app is simply for tracking share price purposes? I already have a buying platform.
Anyone have a recommendation for what the best app is simply for tracking share price purposes? I already have a buying platform.
Checked my holdings today as was thinking of topping up something(payday
HUR.L has dropped 40% today as they have had to suspend one of their Wells. Price is roughly in line with the split last announced split in well production, but the remaining well has produced higher than currently on its own so I don't see this factored into the price and still think there is value here. I expect a short term recovery to around 9/10p in say 6-8 weeks if oil prices remain stable where they are, and more so if they announce increased production flows from the single well and intent to drill and test further wells. The price and movements also appear to be based more on current production rates and oil prices, and doesn't necessarily factor in the value of the fields.
Old article, but might be of interest to some if willing to take a punt on Oil.
https://www.marketscreener.com/HURR...-Lancaster-Appraisal-Well-205-21a-6-19046178/
I was in HUR, but it became too much of a pet project for Dr T.
Soldato
I've still got all my shorts open - ZM,GILD,IWM,SPY
It's been a busy week so I've not made any moves - bunch of options expired worthless so can sell some new ones in the coming week. I'm still convinced we're in for a correction once the helicopter money effects die down.
It's been a busy week so I've not made any moves - bunch of options expired worthless so can sell some new ones in the coming week. I'm still convinced we're in for a correction once the helicopter money effects die down.
Why do you need an app for that? It’s not clear what you’re after? You could install say the Bloomberg app on your phone for example, create a little watch list etc...
Soldato
The helicopter money could go on for a very long time though.
Associate
Apologies I wasn't clear. I've downloaded my stock which does exactly what I was looking for
. Thanks for the reply anyway and have a good Sunday!!
Soldato
- Joined
- 19 Oct 2008
- Posts
- 6,007
Helicopter money got us through the financial crisis and up until the pandemic
. The pain was smoothed out across many years.So many are talking about the market going down soon I'm starting to think the bottom is already in. So far I've made some decisions that have been counter to what I thought might happen and it's paid off. My self managed pension is now worth more than before the pandemic, for now at least. Sold some on the way down, reallocated some money to different sector. I'm evaluating on a daily basis as even I think we must be heading down at some point but have to stay open to the possibility that the bottom might already be in.
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