Standard Life Shares

sabretoothtigger

Positive results by NU released today
From iii:


http://www.telegraph.co.uk/finance/personalfinance/investing/4445284/Standard-Life-urged-to-compensate-all-savers.html

sabretoothtigger

SL are clinging onto 200 again, moving with the market in general.
They have underperformed the ftse for the last 3 months and have generally moved within a 20% range since their xmas fall from highs. It seems confirmed they are unlikely to go beyond 230 and 200 might even be the price they gravitate towards in future.

They are rated a hold by stoxline and I cant find any reason to disagree with that, too many are with tonygee and waiting till 170 to buy back in as valuations have obviously dropped.
Their results are due in a month which makes it about 20 trading days only, unless there is something surprising or heavily anticipated like the higher dividend which should provide a positive but its not showing right now possibly because every share is high yield in this market right now

ad44downey

There's strong rumours that Legal & General will shortly announce a rights issue. If this happens, expect Standard Life shares to plunge

sabretoothtigger

I thought L&G were ok on capital and SL have maintained their 3 billion as of the last trading statement. The shares are only valued at 4bn total

tonygee_3

Glad Im out of insurance,the whole lots getting dragged down by news of LLoyds and uncertainty around LGEN.Im anticipating big falls soon
AVIVA sub £3 is safest bet in this sector:beer:

Yorkshireman_3

sabretoothtigger wrote: »

I thought L&G were ok on capital and SL have maintained their 3 billion as of the last trading statement. The shares are only valued at 4bn total

Hi again --- still holding SL bond and monthly endowment -- and shares If shares go to 170 or around that figure i will def buy some more. Still think that when market and world recovers :d which hopefully will be soon -- i recon -- seriously 6 mths or so --- Barack has the answer -- his actions will save the world -- watch and be amazed :beer:

Yorkshireman_3

ad44downey wrote: »

There's strong rumours that Legal & General will shortly announce a rights issue. If this happens, expect Standard Life shares to plunge

6 - 12 mths i recon the shares will reach £3.50 to £4.00 --- watch this space Forever the optomist Company solid -- and careful scotsmen not taking risky decisions :beer:

sabretoothtigger

I dont see life insurance falling harder then other sectors or sl especially. SL seems aware of a drive towards sipp
Apart from FP maybe I would be interested in companies with foreign earnings like the Indian divisions I mentioned and possible widing of the law there, havent heard back about that

Why is AVIVA a prospect for growth especially. They were 260 3 weeks ago before hitting 400 :O



Im not optimistic about obamas plans but nothing is so simple that it can dismissed outright and people may be more productive in their actions then politicians.
Jim rogers is saying gold is over bought at the moment even though he holds so much, he thinks collapse will come later not sooner which figures. He qualifys this though by saying he is awful on market timing

Yorkshireman_3

sabretoothtigger wrote: »

I dont see life insurance falling harder then other sectors or sl especially. SL seems aware of a drive towards sipp
Apart from FP maybe I would be interested in companies with foreign earnings like the Indian divisions I mentioned and possible widing of the law there, havent heard back about that

Why is AVIVA a prospect for growth especially. They were 260 3 weeks ago before hitting 400 :O



Im not optimistic about obamas plans but nothing is so simple that it can dismissed outright and people may be more productive in their actions then politicians.
Jim rogers is saying gold is over bought at the moment even though he holds so much, he thinks collapse will come later not sooner which figures. He qualifys this though by saying he is awful on market timing

If only we could predict the future If Jim Rogers (i assume hes v rich ) admits he is awful on market timing -- what chance have we got Anyway --- still think alot of ppl are behind obama - even ones who dont have ne money - and when us poor ppl have faith who knows wht will happen we live in exciting times

---

:beer:

sabretoothtigger

Life assurance group Legal & General has allayed fears over its balance sheet strength by announcing that its capital surplus was £1.6bn even after it doubled its credit default provisions to £1.2bn after reassessing its corporate bond portfolio.

The City picked up on the fact that the company noted that the figure for the capital surplus does not include a final dividend.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2612242





Looks like a possible double touch and a turn around, just a short term sign but a reasonable guess considering its been in the range of 170-230 for a while now

Bigger news is the american markets resting at lows from november

Obama to detail mortgage relief plan on Wednesday

Program would subsidize home loan payments for troubled borrowers



By Ronald D. Orol, MarketWatch
Last update: 3:08 p.m. EST Feb. 17, 2009
Comments: 120


WASHINGTON (MarketWatch) - In its latest effort to stem the financial crisis, the Obama administration plans to announce details about a $50 billion program to modify mortgages for troubled homeowners on Wednesday.

President Obama and Housing and Urban Development Secretary Shaun Donovan will discuss their plan at 12:15 p.m. Eastern in Mesa, Arizona, a hard-hit suburb of Phoenix

Last I heard was $8000 paid to house buyers until aug

http://www.marketwatch.com/news/story/obama-detail-mortgage-relief-plan/story.aspx?guid=%7BA61FDDC6%2D9FB2%2D45B8%2D9363%2DB927EDA9EF9E%7D&siteid=yhoof


12pm eastern is 5pm gmt?





Just drawing lines in the sand here that may be washed away by the tide. SL apparently got a new low in late Jan of 165 which is another long term negative I think