HSBC down 19%!

[anonymous-user]

This morning. The shares have fallen off the cliff? Nothing on FT.com. Anyone know what's happening?

[anonymous-user]

Just read that its gone ex rights this am which explains some of it but 19%!

[fido]

http://abaci-investing.blogspot.com/2009/03/hsbc-r...

[sprinter885]

Rights issue ( 5 for every 12) & Ex-Dividend.

[emicen]

sprinter885 said:

Rights issue ( 5 for every 12) & Ex-Dividend.

+ market sentiment at the moment resembles paranoid lemmings ie everyone will be stting bricks and selling out for no particular reason or analysis of fundamentals but merely because they heard someone somewhere may be taking that course of action.

[ShadownINja]

Good time to buy!

[ipitythefool]

unrepentant said:

This morning. The shares have fallen off the cliff? Nothing on FT.com. Anyone know what's happening?

Eh?

I see it down a max of about 8/9% not 19%.

[emicen]

Epic HSBA.L is currently showing -20% at 361p

Is that not HSBC? (there are about 6 listed in fairness when searching for HSBC)

[ipitythefool]

emicen said:

Epic HSBA.L is currently showing -20% at 361p

Is that not HSBC? (there are about 6 listed in fairness when searching for HSBC)

It opened at 393p.

[emicen]

ipitythefool said:

emicen said:

Epic HSBA.L is currently showing -20% at 361p

Is that not HSBC? (there are about 6 listed in fairness when searching for HSBC)

It opened at 393p.

I believe yahoo etc are listing it as -20% because it closed at 458p yesterday.

In any case, I think on Monday it'll take a bounce as all the brokers return from their weekend and collectively mutter, "why did we bail out of that one again...?"

[Dupont666]

http://www.digitallook.com/companyresearch/10048/H...

or go here for the horses mouth:

http://www.hsbc.com/1/2/investor-relations/share-p...

probably 15mins behind or so.