Standard Life Shares

full-time-mum wrote:

Will prices go up or down when people like me who forgot to respond sell?

Help

They may go down in anticipation when the (profit hungry) market makers lower prices for people like you who want to sell this week .

I expected a dip today as certificates seem to be in shareholders' hands but it didn't happen (on the other hand, many people at work may have missed the post & so their first opportunity to sell will be on Wednesday).

But have a look at this chart of Standard Life v the FTSE 100 on Tuesday 18th July

There was a relative dip, but the price went up at the end because of an [institutional?] purchase of 3/4 million shares. (And there appears to have been a similar size purchase before 12 noon.)

The institutions have to be on board since Standard is going to be a FTSE 100 component and Tracker Funds must hold the shares.

Will short term small shareholder sales outweigh long term institutional demand? It didn't today.

That is the equation this week, along with general market sentiment.

But if you don't like holding & monitoring individual shares, and you are risk averse, then of course you should sell.

Refund cheque, share certificate and shareholder leaflet arrived this morning.

When wifey took the £14k+ refund cheque to Lloyds TSB, the cashier had to get it 'authorised'. She queried 'What is the limit for this when paying a cheque in?" and told the cashier how she could understand a security check for a privately written cheque might be necessary but not when one is 'paying in' and neither for one such as a specially printed Standard Life refund cheque.

Anyhow, the cashier refused to tell her what the limit was.

If it is £10k, then I suggest anyone thinking of breaching the limit might like to consider using one £9k cheque and another one for the difference, eg, £5k+, in wifey's case.

klondyke wrote:

Mr K and I also asked for certificates and have been trapped into Computershare. ....

Just got home to find they've done the same to me :mad:

Guess I'll be in that call queue tomorrow as well....

Sorry if this is a stupid question but what are the refund cheques for those of you that are getting share certificates? Just curious as all we got were shares. Thanks.

And to further clarify, small investors kindly donated to charity the change from their investment e.g. if you put in for £1,000 of extra shares you would have received 434 extra shares @ 230p costing £998.20 but not received the £1.80 back.

This is common in IPOs and makes sense given the admin costs involved with writing small cheques.

Wednesday share update:

Opened up at 242p (with the wider market) but quickly slipped to 239p (against the wider trend)

This might be a market maker response to small investor sales this morning.