Standard Life Shares

sabretoothtigger

From 320 to 185 in the space of a week, quite a range for such a stodgy share however they did end on a nice rally today
So basically it could have been worse, I think they will be alot stronger then just this blanket industry down grade has rated them at.

However with foresight their losses from BB should have been taken as a signal to consider selling, their sales figures will provide a longer term price guide?

Legal & General, the UK’s largest investment group, on Thursday urged the government to reconsider its terms for bailing out three high street banks that could block them from paying dividends for several years.

SL is one of the shares that cant be shorted which means any fund which has doubts cannot hedge their bets and must sell, causing more extreme price movements I believe, especially in a market low on funding & buyers. Restrictions lift next year


Im having trouble tracking down their final price due to alot of after hours trading between market makers, ie. fund managers I guess

whu

225p at close today - up 15p from yesterday

sabretoothtigger

Yea I saw that, Im pretty sure the 4:30 close had them lower or even for the day, so todays range is 185 - 225 or 20% which has them going from a near all time low back to near their float price.

Im glad they made it back and they are a good stock in troubled times but being so volatile is worrying overall.



The chart isnt showing that after hours blip. The ftse rose 5%, they rose 7% ( allegedly ) and the life insurance sector fell 5%

[B]Latest Trades[/B]
[B]Time[/B]  [B]Price[/B]  [B]Volume[/B]  [B]Value[/B] [B]Buy/Sell[/B] [B]Type 
[/B] 16:45 225.00p 877,193 £1,973,684 Buy UT 
16:33 200.56p 175,000 £350,985 Sell O 
16:30 200.56p 175,607 £352,202 Sell O 
16:29 210.25p 932 £1,960 Buy AT 
16:29 210.00p 1,000 £2,100 Sell AT 
16:29 209.75p 5,000 £10,488 Buy AT 
16:29 209.75p 10,000 £20,975 Buy AT

days Volume                                 9,122,030

Yorkshireman_3

sabretoothtigger wrote: »

Yea I saw that, Im pretty sure the 4:30 close had them lower or even for the day, so todays range is 185 - 225 or 20% which has them going from a near all time low back to near their float price.

Im glad they made it back and they are a good stock in troubled times but being so volatile is worrying overall.



The chart isnt showing that after hours blip. The ftse rose 5%, they rose 7% ( allegedly ) and the life insurance sector fell 5%

[B]Latest Trades[/B]
[B]Time[/B]  [B]Price[/B]  [B]Volume[/B]  [B]Value[/B] [B]Buy/Sell[/B] [B]Type [/B]
 16:45 225.00p 877,193 £1,973,684 Buy UT 
16:33 200.56p 175,000 £350,985 Sell O 
16:30 200.56p 175,607 £352,202 Sell O 
16:29 210.25p 932 £1,960 Buy AT 
16:29 210.00p 1,000 £2,100 Sell AT 
16:29 209.75p 5,000 £10,488 Buy AT 
16:29 209.75p 10,000 £20,975 Buy AT
 
days Volume                                 9,122,030

I love graphs -- specially the colours --- but what do all the squiggly lines mean ? Still the optomist -- i reckon hold -- markets must recover soon

sabretoothtigger

:laugh:
Squiggly shows SL underperformed the market but outperformed the rest of the sector which is relatively good news considering the whole downgrade was not really based on facts but fears afaik

Actually the closing figure puts them above the market but I not sure thats a real trading price or not

StevieJ

We really should be making some money trading these shares.

sabretoothtigger

Yep, the friday spike wasnt solid but came true on the days trading. Again now I look, they have risen again after hours by a further 4%
In total a possible trading profit of 13/17% today

SL is going to buy more shares in rbs at 65p, which rose to 84p today on news they will sell their insurance group for 6bn which is significant to a company 'valued' at 11bn in total




Tue-
No big movement today, no big after hours spike. Down 4% but actually counting only the days trading, they were either the same as yesterday or up slightly 224.25p

StevieJ

Down again, as low as 191p.

baby_boomer

I find myself focussing more and more on the 5.61% yield

Let's hope they can retain it through recession and other troubles.

If interest rates fall, it could start to look more positive.

sabretoothtigger

Thats why its falling, their fear it will fall just like the banks dividends have.
The market hasnt moved massively today but financials are suffering even the strong companies who have no debts, recession fears I guess based on poor results in the us?