Standard Life Shares

sabretoothtigger

Its been doing pretty good but then so has the FTSE. I was looking at the chart last night and thought it looked very bullish, more so then any other time since Summer 2007 and all we had to do was stay above 210 this week to confirm this

Then I remembered it goes ex dividend and so today, basically its retraced back to the old negative trend line Ive drawn here.

It could still be very positive but its just a maybe now. Im not sure if its breaking out of a 3 year old trend or its just because of the nice dividend that it rose. I guess I'll check again next week, etc




I would guess a rise from here really but it could also mark the top similar to oct 09 or dec 08.
A reason to buy regardles is continuing Canadian dollar strength which makes SL assets and income more valuable in comparison to the sterling quoted share price.

Negatives might include more accounting regulations from the EU

10_66

Dividend of 8.09p payable on 28 May 2010. (Paragraph 3.8).

de1amo

sounds a daft question but how do i sell my sl shares??-since they closed the original share dealing service i have been unable to log on to the new service they advised me about -i am abroad and unable to ring 0800s --

sabretoothtigger

Mail: [EMAIL="questions@standardlifeshares.com"]questions@standardlifeshares.com[/EMAIL]
Phone: 0845 113 0045 or +44 (0) 20 3367 8224

http://www.standardlife.com/investor/contacts.html




Might be a good idea to look out for the scrip dividend price, not sure when that is decided but 28th may is a fair way off so could be some difference between the two
http://www.standardlife.com/shareholders/dividends.html

sabretoothtigger

sabretoothtigger wrote: »

I guess I'll check again next week, etc

March Ex div was about the top and we are nearing the bottom of the 'normal' range which is about 170

Its been dragged down not really sold off but as ftse declines so does Standard Life as part of it.
Thats just normal trading and Ive not read or heard of any exceptional SL news outside the norm


Sorry for the ugly chart but plain is good




Here we can see the 200 day average price is 204p this is our best price. 170 should be support on the downside depending on how negative sentiment gets
The price is no more negative then a year ago, hardly exciting but there you go




As part of the Ftse I was looking at negatives possible there. Im not expecting an immediate selloff but is it possible? sure

Below Ftse 4952 I see the ensuing target as 4500 and though its beyond my expectations I believe on a trend that 4221 to 4169 is possible.

This would represent the ongoing Ftse bear market since 2007.
Some confirmation comes from a match to the Jan Feb decline earlier this year also crossecting at this figure roughly

A rapidly decling sterling index would make this scenario less likely I think. All targets are weekly, not confirmed by the hour or daily price.


That is all just my very sketchy opinions as SL would be one stock I would like to buy if everyone started selling. Ive drawn 125 as a likely bottom price should anything like that reoccur, though again this almost seems impossible

I would like to know if SL still operates market hedges as previously they had this to maintain their 3bn cash surplus I believe.
Im not sure but it would be significant advantage to be aware of on any extreme negative market sentiment

StevieJ

Standard Life shares paying over 7% dividend yield, also Shell touched 7% today, strange times we live in.

sabretoothtigger

Price doesnt always reflect value is all I can say. I doubt Standard Life's chances of good business have changed since they were 230p in September but the market buyers views are now more negative, so its just human perception

The price lows today were at a long term support level and it rose slightly when closing


The FTSE thread seems to have got deleted along with the last spam posted on it.
Anyhow my long term views are whatever the market perception and waves up and down, shares will perform better then cash or savings, 7% yield is good to have

chris_m

and another spammer's nym :-(

StevieJ

(Reuters) - Life insurers reporting half-year results this month plan to simplify their notoriously complex financial statements in a move that could lift their flagging shares.
Standard Life (SL.L), Britain's fourth-biggest life insurer, two weeks ago became the latest to say it would prioritise International Financial Reporting Standards (IFRS) in its earnings statements, relegating the more complex Embedded Value (EV) approach to the margins.

http://uk.reuters.com/article/idUKLNE67302G20100804

sabretoothtigger

Its a bit overdue as I remember some other uk insurer doing this about 18 months ago.
It may provide more confidence that they have had no problems doing this but I dont think sl was ever in doubt on stability

They lost a bidding war and had a ton of cash spare and still do

Event Date  	Event Time  	Event Type  	Event Title
18/08/10 	11:00 	Interim ex-dividend date 	Interim 2010 Ex-dividend date
11/08/10 	05:00 	1H (Interims) 	Interim 2010 Results
11/08/10 	07:30 	Analyst & Investor Meeting 	Interim 2010 Results presentation / Webcast
11/08/10 	10:00 	Highlight 	Standard Life interim results & Q2 trading results

The SL graph is looking very good. Target would be 230 near term, its broken out of its downtrend of the last few years so I would guess this would lead to alot positive movement for this year now.
I would consider rebuying if it pulled back , support is at 191

It already did this 13th to 21st of July so we may not see it that weak again without general major selling

sabretoothtigger wrote: »

The price lows today were at a long term support level and it rose slightly when closing

Buying at that level when I posted end of June would have produced a 24% gain in 5 weeks.
Even the most boring stock can be a pretty good performer though there was no guarantee it was going up, the impending dividend date helps alot on such a high yielding stock