Standard Life Shares

sabretoothtigger

Credit Suisse has an underperform for Standard Life (LSE: SL.L - news) , cutting target to 247p from 257.71p

dam only 247p, how disappointing that would be


As to underperforming then the share price has not performed quite as well as the sector recently. It should have returned to 230p at least briefly by now

SL has or is losing its premium pricing and valuation of its large capital and hedge position.
I dont believe this is justified as much trouble lies ahead but the gloomy view is that if market does well, sl wont rise as much as others and if market goes down then sl will drop.
If the market stayed level but uncertainity rose alot then I could see SL being better valued relatively.
Im not sure how well sl is hedged against inflation or currency devaluation but I presume their liquid assets are index linked not literally cash


You may have heard India had a favourable change in government standing. There is optimism they will reform finance & insurance to allow greater foreign investment but this is a distant hope for SL still imo

20-May-09 Cazenove Underperform 200.50p 187.00p - Reiteration

baby_boomer

Nice final dividend of nearly 4% net .

It's miles better income than a savings' account - if you can tolerate the rollercoaster ride and reckon that the economic future isn't entirely bleak.

StevieJ

For info



http://www.tradingcentral.com/chart/SLGBp090601123800.gif



Our pivot point is at 183.5.
Our preference: the upside prevails as long as 183.5 is support.
Alternative scenario: below 183.5, expect 167 and 157.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 194.48 and 185.82).
Supports and resistances:
244 *
233.75 **
223.5
200.75 last
190.25
183.5 **
167 *
(c) TRADING Central 01-06-09

sabretoothtigger

Yea looks good, heres another TA site a bit like that

This stock is BULLISH in short-term; and NEUTRAL in mid-long term.

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



Broker view

Panmure Gordon has been looking at the life assurance sector with a generally positive eye, though it thinks the time for buying Standard Life has passed for the time being.

Date// Company Name// Ticker Broker Name// Recommend //Price //Old Target Price// New Target Price //Broker Change

02-Jun-09 Standard Life SL. Panmure Gordon Hold 201.25p 295.00p 216.00p DownGrade

02-Jun-09 Legal & General Group LGEN Panmure Gordon Buy 63.20p 65.00p 85.00p Upgrade

02-Jun-09 Prudential PRU Panmure Gordon Buy 453.25p 480.00p 585.00p Reiteration

02-Jun-09 Friends Provident FP. Panmure Gordon Hold 68.20p 80.00p 75.00p Reiteration

02-Jun-09 Aviva AV. Panmure Gordon Buy 352.50p 330.00p 435.00p Upgrade

FP is tipped:
http://iball.iii.co.uk/2009/05/29/friends-provident-fp?campaign=tips0001&link=tips0001_provident_259_263&cp_c=66zq8p





One the SL execs has 500k of SL shares & just made £3000 on his new dividend shares, issued at £1.80 cost, worth £2

sabretoothtigger

What the brokers say : 12 June

[FONT=arial,helvetica]By ShareCrazy
[FONT=arial,helvetica]

• ING downgrades Legal and General (3166.KL - news) to sell from hold, Prudential to hold from buy and Irish Life & Permanent (Dublin: ILB.IR -news) to hold from buy, but raises Standard Life (LSE: SL.L - news) target to 157p from 138p

[/FONT]
[/FONT]

Panmure Gordon has been looking at the life assurance sector with a generally positive eye, though it thinks the time for buying Standard Life has passed for the time being.

The broker has downgraded Standard Life from ‘buy’ to ‘hold’ in the wake of the share price’s significant outperformance of its peers over the past 12 months.

The share price gain was driven, in Panmure’s view, by the strength of the company’s balance sheet in comparison with its peers ‘but we think such outperformance is unlikely to continue in rising investment markets,’ the broker said.

On the sector as a whole, Panmure notes that it has rallied sharply since its recent low point in March but believes there are more gains to come as it bounces back from the share price losses suffered last year.

‘The announced delay of the mandatory introduction of MCEV until 2011 removes a black cloud hanging over the sector. We have increased our target prices on the large-cap UK life insurers and our preferred plays are Prudential and Aviva,’ the broker said.

video tip on sl by iball - http://iball.iii.co.uk/2009/06/10/standard-life-sl?cp_c=vf55n6

sabretoothtigger

June 25th

Broker comment is largely responsible for the morning?s big gains by blue-chips. Royal Bank of Scotland gets the thumbs-up from broker Cazenove, which has upgraded the stock from ?underperform? to ?outperform? in the belief that there is potential upside in the share price if the bank makes quicker progress than expected in de-risking.

Merrill Lynch, meanwhile, has given a boost to Standard Life, raising the life assurance group from ?neutral? to ?buy?, with a price target of 214p. The broker also likes Prudential, but has cut its price target for the Pru to 520p from 535p. Elsewhere in the sector Merrill Lynch has shaved its price target for Old Mutual to 65p from 70p.

05/08/09 10:00
Standard Life interim results & Q2 trading results


12/08/09 11:00 Interim ex-dividend date

http://www.investorresearch.mdgms.com/factsheet/factsheet.html?ID_NOTATION=15198473

StevieJ

It's a bull run

sabretoothtigger

FT discusses Insurance sector which has fallen 10% in these last 5 days.

http://www.ft.com/cms/s/0/8d15ae4e-6b83-11de-9320-00144feabdc0.html

Over the same period ftse is down 2%
sl 4% and aviva 14%


Aviva report on the 6th aug

sabretoothtigger

The insurance tycoon Clive Cowdery has tabled a proposal to merge Friends Provident, the £1.4bn pension and life company, with his quoted investment vehicle Resolution.

If the deal is successful, it could trigger the start of the long-awaited consolidation in the sector. Cowdery is understood to have written a letter to Sir Adrian Montague, chairman of Friends Provident, setting out the terms of an all-share deal. It is thought to place a small premium on Friends Provident’s shares, which closed on Friday at 60p per share, the Sunday Times reports.

The Telegraph adds that Friends Provident is tomorrow expected to reject the takeover approach. The all-share offer from Resolution is understood to have been tabled in the last few days, but the move has not been well-received by Friends Provident's board.

Might stop the rot or slow it

dougs

Just got this email saying Computershare aren't involved in managing these shares any more.


Dear Standard Life Shareholder

Standard Life plc - change of share registrar

From 10 July 2009, the administration of your Standard Life shares will
no longer be managed by Computershare Investor Services - and, because
of the change of share registrar, you will not be able to view or manage
your Standard Life shares through Investor Centre.

To continue managing your Standard Life shares online, please visit
https://www.standardlifeshareportal.com from Monday 13 July.

Any questions?

If you have any questions about your Standard Life shares after 10 July,
please call Standard Life Shareholder Services on 0845 113 0045 or +44
(0) 20 3367 8224 if you live outside the United Kingdom - or email
questions@standardlife.com

Yours sincerely

Computershare Web Team