standard life share details?

catford

I read in the financial mail today that the details have met with a mixed reaction! What details? I've heard nothing from them yet---anyone else waiting?? or do i need to get in touch with them??
After all I dont want to miss out on such a wonderful payout:rolleyes:

Milarky

Apparently they are sending out a copy of the propspectus (which you can find on the links here, anyway) and details of the offer (which, again, we pretty well know the details of) together with a form for you to complete and return which will allow you either to

Sell your free shares immediately

Hold them

Hold them and subscribe to the offer (at a 5% discount) also.

[I can't think - given Standard's somewhat amatuerish dealings with the media - that they actually have anything else to inform us of that is not already known and being discussed]

Remember that it took about two weeks for everyone to get their voting packs back in April so given the logistics of mailing this many people a second time we should not expect things to be much faster hearing from them either

catford

Milarky wrote:

Apparently they are sending out a copy of the propspectus (which you can find on the links here, anyway) and details of the offer (which, again, we pretty well know the details of) together with a form for you to complete and return which will allow you either to

Sell your free shares immediately

Hold them

Hold them and subscribe to the offer (at a 5% discount) also.

[I can't think - given Standard's somewhat amatuerish dealings with the media - that they actually have anything else to inform us of that is not already known and being discussed]

Remember that it took about two weeks for everyone to get their voting packs back in April so given the logistics of mailing this many people a second time we should not expect things to be much faster hearing from them either

I rang S/L today and there's a pre-recorded message explaining that 5 million packs are being sent out and it may be around the 23/6 before they arrive!!
:j

gerryfitz

Got mine today.

Minimum investment if you want to buy more shares is £1000

At the moment, I'm so unhappy with Standard Life I won't be buying any more shares off them.

I intend to take my money, pay the MVA on my policy, cash it in and get well away from them.

catford

gerryfitz wrote:

Got mine today.

Minimum investment if you want to buy more shares is £1000

At the moment, I'm so unhappy with Standard Life I won't be buying any more shares off them.

I intend to take my money, pay the MVA on my policy, cash it in and get well away from them.

I know how you feel--standards performance with my pension fund gets my pulse racing too!!-but not with pleasure. the sooner I can cut and run-the better!:mad:

unsure

Have to agree, after the way SL have behaved in the last few years I wouldn't trust them with my kids' dinner money. I shall be taking the money and running as far away from them as possible.

ReportInvestor

Check your policies don't have any valuable guarantees before you cut and run. It sounds like Catford's probably doesn't.

gerryfitz

I'll be checking with my IFA before I do it, but unless he puts up a good case for SL I'm out of there.

Gorgeous_George

I plan on buying some additional shares and selling within 2 months - quicker if they start to fall!

I think SL can only get better and the proposed share price is on the low side of cautious. As a FTSE-100 company, their shares will be sought after by pension funds etc.

I'm no shares expert (far from it!) but I don't expect the shares to fall by more than 5% in the first two months!



GG

GotAnySpareChange

Thats the big question...

Hold
Sell
Hold and Buy more

Does anybody have any feeling about what the short term position will be here? will the float be oversubscribed?.. if so I imagine it would be good to hold, dunno how quick you can sell them though, have they got a broker in place you can phone and sell on a whim?

I've got a bit of background in sharedealing, doing rather well today with my gold shares in CEY! up 10% today....anyway, what I recall about new IPOs or mutalisations is that they can easily fall in price as soon as the shares are released.... I'm not sure if the same will hold for Standard Life? Any opinions out there?

If your automatically selling then I can't see what is stopping their brokerage / market maker offering a ridiculous price ( it would be like putting a trade in for first thing in the morning... and the spread is always widened here to catch automatic trades ) ... can anybody confirm?

Standard Life have over the past few years behaved SO badly, with profits fund bonuses are really held back, and they have made promises they retract at a leter date ( FSA will have something to say about this when I get my chance ) anyway I reckon they will see a LOT of polices now being sold... i.e. I'll have my 'free' shares and I'm off to stick in under the floorboards ( far better place than SL! ;o) ) If they think their diluted share price will appease investors then I think they havent done their research. I think everyone is unsatisfied with them.... they could be in a bit of trouble to be honest.

All IMHO.

Regards,
SpareChange

Chrismaths

If you want to consider investing in Standard Life, compare it with other listed insurers. If you prefer the other ones, there is no point in hanging on to your SL shares.

This is a company who have banged on for years about the benefits of mutuality, then because of their own incompetence have been forced into listing to shore up their balance sheet. I wouldn't trust their management as far as I could kick them up the with profits.