Standard Life Shares
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Strongly tempted to sell myself. But there is a little voice in the back of my head saying you never know. I'm only getting 188 shares. So right now I'm a bit confused.
Hold or Keep....hmmmmmBaby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
I think a lot of people are confused about whether to keep or sell the shares, me included. Surely there are some people out there in the 'trade' who can give their thoughts on the matter.0
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Not without giving you advice, which is a strictly regulated activity, for which I make a charge.
FWIW, no one is going to tell you (no one worth listening to anyways) 'these shares will definitely go up!' or such like, because NOBODY KNOWS. They may go up or down, left and right, we just don't know. But here are some questions you can ask yourself:
1) If I had received cash instead of shares, would I then use that cash to invest in standard life? If yes, do I like the company that much that I want to invest more?
2) Am I a big risk taker - I fancy buying more shares at a 5% discount then trying to sell them on quickly at a profit - but am I prepared to take the risk that the market moves against me before I get the chance?
If you have no other investments, Modray's advice is sound, unless you like taking big risks.
And the idea of hanging on to get an extra share for every 20 you hold is a bit pointless. 5% is a very small move in the context how shares move over the course of a year. The investment case should stand up on its own merits, without gimmicks like this.I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.0 -
Thank you Chrismaths, that's an extremely useful way of looking at it and puts everything nicely into perspective. I need to buy a new (well, new to me) car in the near future and any money I can get from Standard Life for this, is less that I have to find elsewhere.0
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My thinking is that the shares may go up following flotation similar to Friends Provident. Within the year, the shares may fall to below flotation price, similar to FP.
The difference with SL is that many of its new shareholders will have suiffered the losses due to the FSA's incompetence (and SL's failure to guess what the FSA might do). Therefore, I guess many of SL shareholders will sell on flotation reducing the upwards pressure on the share price.
So, my head says sell. Unfortunately, I 'm happy to gamble and even to hold onto the shares forever. I might even buy some additional shares and sell when the price hits 125% of purchase price. This would fund a holiday later this year. If they go down, I could always hold onto them with the 'free' shares.
In the end, it's not so much about how much the company's worth but more about how confident the market is that SL will make a profit.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
If you haven't seen it, there's a 2nd thread here about the same subject:
http://forums.moneysavingexpert.com/showthread.html?p=2365854&posted=1#post23658540 -
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Interesting how these experts managed to say nothing in the end - the reader is left little the wiser. So what have we got:
A 4% dividend - about the same as you'd get in a...
"cash-based investment" (a what?).. yes that's a 'bank account', silly!.....under construction.... COVID is a [discontinued] scam0 -
Interesting how these experts managed to say nothing in the end - the reader is left little the wiser.A 4% dividend - about the same as you'd get in a...
"cash-based investment"
2) Dividends, unlike deposit interest, tend to be increased over time.(a what?).. yes that's a 'bank account', silly!0 -
Unless you are opting to sell on flotation, I think it's mad to use the SL share account. If you do so, you can ONLY sell through SL's arrangement with Computershare, and the rates are extortionate - 0.5% for online deals, with a £15 minimum but NO maximum.
As an earlier post said, opt for the share certificate and then "dematerialise" the shares with a cheap online share dealing firm e.g. TD Waterhouse or whatever, then sell them when it's suitable for you at a FIXED amount of c.£15.0
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