Standard Life Shares

Yorkshireman_3

sabretoothtigger wrote: »

Got a RNS showing Compuserve holding has fallen below 3% threshold. They would be holding shares in nominee accounts for the original mutual owners of SL so I presume alot of small holders recently cashed in



Price also seemed to spike out of hours like it has in the past

Very likely - drop in share price due selling of shares by lots of small holders who will be feeling the credit crunch and selling in order to survive financially for the next few months. Still think long term company has good prospects which eventually will be reflected in price.

sabretoothtigger

Hopefully faith is well placed in this case

Another link with more stats and discussion here:
http://www.iii.co.uk/investment/detail?code=cotn:SL-.L;it=le

SL is the worst performing in its sector over the last month. Its bouncing off the 2 pound mark, if that fails to sedate sellers then 1.70 would be next.
Short term its disappointing but really all that matters is their fundamentals are true

The chief executive of Standard Life, Sandy Crombie, talks briefly to Andy Verity and Mickey Clark on the 5 Live show "Wake up to Money" this morning. [23-12-08]

http://www.bbc.co.uk/radio/podcasts/money/

He sounded a little dour with regards to the stock market next year.

[looks like the episode is unavailable now]

Overall they are languishing not plummeting, theres no real motivation to their decline as far I can see but also they may stay this way till march results or some other news occurs

sabretoothtigger

The sl price is going nuts it seems. 10% gain in a few hours, again this stock is volatile but all the insurance companies seem to suffer (profit even) from similar speculation

Yesterday it did similar before falling back on a less optimistic us open and actually it fell on the day

With the return to work of the normal traders this week it seems sl has friends in town who have big money to buy up the stock.
Its happy hour for the whole sector though nobody as much as SL


Overall Im pessimistic about SL price in the short term as the ftse is over cooked imo with a 8% rise in a week after previous gains and we have a rate cut tomorrow which might bring a sell off as the good news passes.
Unfortunately this might be the high tide mark for a while but hopefully it will weather well and its nice to see a return to favour even if it turns out to be short lived



Life insurance sector vs





Plus much better then my babble, a new link giving google finance news stories vs share price :
http://finance.google.co.uk/finance?q=LON%3ASL


A final thing to add is the Short selling ban is lifted shortly, the 16th I think. This includes SL, ironically this is a positive imo

sabretoothtigger

Even in a falling market SL didnt show much weakness today and ended with a strong rise to close up with a slight gain overall after hours.
They rest at 230 which is a reasonable price target imo

LONDON (Reuters) - Fund manager Standard Life Investments (SLI) said on Tuesday it had been appointed to run a 90 million pound UK equities mandate for the pension scheme of IT company Fujitsu Services.

The mandate comes during a period of slow growth in institutional business for fund managers as pension funds prove reluctant to make key investment decisions or move assets around amid extreme market volatility.

The assets will be managed in the SLI UK Equity Select Pooled Pension Fund run by head of UK equities David Cummings.

In its interim management statement at the end of September, SLI said it had a robust pipeline of new institutional business waiting to be funded.

http://www.thisismoney.co.uk/mortgages/endowments/article.html?in_article_id=464074&in_page_id=55


http://uk.reuters.com/business/quotes/quote?symbol=SL.L&exchange=GBE

http://www.citywire.co.uk/personal/-/news/markets-companies-and-funds/content.aspx?ID=325266

StevieJ

Have 900 on me :beer:

Yorkshireman_3

StevieJ wrote: »

Have 900 on me :beer:

???? u buying shares or selling??

sabretoothtigger

Best to make up your own mind I reckon. They've done a full loop recently, disappointing but not surprising.

Tommorow SL can be short selled on the market once again. I'll post if I see any positions reported but Im not expecting that since we've seen reasonable falls now?


They rose alot after hours I just noticed so allready not quite so bleak. They've bounced off the 200p mark again today

Yorkshireman_3

sabretoothtigger wrote: »

Best to make up your own mind I reckon. They've done a full loop recently, disappointing but not surprising.

Tommorow SL can be short selled on the market once again. I'll post if I see any positions reported but Im not expecting that since we've seen reasonable falls now?


They rose alot after hours I just noticed so allready not quite so bleak. They've bounced off the 200p mark again today

Very low at the moment -- wish i had some spare money to buy more shares - reckon they v good at this price.:beer:

sabretoothtigger

I reckon you will have another opportunity to sell high and buy low before the results come in but I dont expect them to rise now especially

They've broken the 200p level and will most likely come within 170 before any speculators become interested again.
If things get really desperate, maybe rbs gets nationalised for example then 140p is apparently the next level of 'support'

They did touch 200p today before falling back, there is still interest there at this level though it is weak.
A general rule is the more times a level is touched on, the more likely it will be surpassed hence the bouncing off the 200 level previously was ominous of this fall




SL, Life ins sector & VS respectively


http://uk.stoxline.com/q_uk.php?s=sl.l


http://news.bbc.co.uk/1/hi/business/7839679.stm




Ive no idea what their results will be, I would hope the international growth would continue to counteract the uk problems but sl is rated so highly (relatively) it has to be considered a risky stock.

I hope they can maintain the dividend to provide some stability to returns


There is a bill passing through indian parliament where foreign insurance may increase its market share, sl operates there apparently. A distant positive perhaps

India has 21 life and an equal number of general insurers, including joint ventures with major international players such as Tata AIG, Bajaj Allianz, ICICI Prudential, HDFC Standard Life, Birla Sunlife, Max New York Life and Bharti AXA Life.

The bill seeks to lift the foreign direct investment (FDI) cap in insurance firms to 49 percent from 26 percent, and allow overseas reinsurers to enter the market through branches.


Life insurance business in India expanded by 23.3 percent to 930 billion rupees in the 2007/08 fiscal year,

http://uk.biz.yahoo.com/22122008/323/rpt-india-s-insurance-bill-parliament-timing-tight.html

The joint venture company has 2% of the sector and 10% of the privately run part of the sector, which aint bad for such a gigantic (potential) market - HDFC as on December 31, 2007 holds 72.38 per cent of equity in the joint venture.

These are just for reference, feel free to ignore them

http://news.bbc.co.uk/1/hi/world/south_asia/546314.stm

http://www.indiajournal.com/pages/event.php?id=5543

http://www.irdaindia.org/busfig2007/life_prem0607.htm

http://www.bharatbook.com/Market-Research-Reports/Indian-Insurance-Industry-New-Avenues-for-Growth.html

http://www.business-standard.com/india/news/cabinet-okays-bill-to-raise-fdi-in-insurance/20/51/338887/

http://www.thehindubusinessline.com/2009/01/10/stories/2009011051610600.htm

Yorkshireman_3

sabretoothtigger wrote: »

I reckon you will have another opportunity to sell high and buy low before the results come in but I dont expect them to rise now especially

They've broken the 200p level and will most likely come within 170 before any speculators become interested again.
If things get really desperate, maybe rbs gets nationalised for example then 140p is apparently the next level of 'support'

They did touch 200p today before falling back, there is still interest there at this level though it is weak.
A general rule is the more times a level is touched on, the more likely it will be surpassed hence the bouncing off the 200 level previously was ominous of this fall




SL, Life ins sector & VS respectively


http://uk.stoxline.com/q_uk.php?s=sl.l


http://news.bbc.co.uk/1/hi/business/7839679.stm




Ive no idea what their results will be, I would hope the international growth would continue to counteract the uk problems but sl is rated so highly (relatively) it has to be considered a risky stock.

I hope they can maintain the dividend to provide some stability to returns


There is a bill passing through indian parliament where foreign insurance may increase its market share, sl operates there apparently. A distant positive perhaps
http://uk.biz.yahoo.com/22122008/323/rpt-india-s-insurance-bill-parliament-timing-tight.html

The joint venture company has 2% of the sector and 10% of the privately run part of the sector, which aint bad for such a gigantic (potential) market - HDFC as on December 31, 2007 holds 72.38 per cent of equity in the joint venture.

These are just for reference, feel free to ignore them

http://news.bbc.co.uk/1/hi/world/south_asia/546314.stm

http://www.indiajournal.com/pages/event.php?id=5543

http://www.irdaindia.org/busfig2007/life_prem0607.htm

http://www.bharatbook.com/Market-Research-Reports/Indian-Insurance-Industry-New-Avenues-for-Growth.html

http://www.business-standard.com/india/news/cabinet-okays-bill-to-raise-fdi-in-insurance/20/51/338887/

http://www.thehindubusinessline.com/2009/01/10/stories/2009011051610600.htm

If youve got the money buy low and sell high these shares --- they going up and down like a yo yo