Standard Life Shares

StevieJ

Still life in the old dog yet.

Standard Life yesterday continued its recovery from the mauling it took in the City last month when convincing sales figures and a healthy business pipeline saw its shares rise by 4%.

http://www.heraldscotland.com/business/markets-economy/standard-life-boosted-by-first-quarter-sales-1.1098641

StevieJ

This thread is due another airing :)What a way to exit the Doldrums.

Operating profit up 44%, share price up 10%.

LONDON -(Dow Jones)- U.K. insurer and financial services firm Standard Life PLC (SL.LN) Wednesday posted a 44% jump in first-half operating profit, and said it is seeing strong demand for its financial products.
Operating profit for the six months ended June 30 was GBP262 million, compared with GBP182 million a year earlier. Results were 32% higher than GBP198 million expected by analysts. Net profit also increased to GBP199 million, an increase of 9%

http://english.capital.gr/News.asp?id=1258307

sabretoothtigger

Yesterday was a nice day to buy them before exdiv. I wish I'd thought more of it

Same old 170 to 230 range I reckon

Jegersmart

Please bear in mind that investing in a single share should be done as part of a portfolio to reduce your risk. If the money is earmarket for anything in the short term then I would not be buying into a single equity like this. imho, dyor.

StevieJ

Jegersmart wrote: »

Please bear in mind that investing in a single share should be done as part of a portfolio to reduce your risk. If the money is earmarket for anything in the short term then I would not be buying into a single equity like this. imho, dyor.

What was that about

Jegersmart

StevieJ wrote: »

What was that about

I was responding to the OP's question about whether to invest in this share - I didn't read the other 68 pages so please accept my apology if my reply now seems "disconnected"

ffacoffipawb

sabretoothtigger wrote: »

Yesterday was a nice day to buy them before exdiv. I wish I'd thought more of it

Same old 170 to 230 range I reckon

They don't go ex div until next Wednesday.

However, all things being equal, the share price will fall by the amount of the dividend when it does (because the buyer will not get that dividend, the shares will be worth that amount of dividend less).

StevieJ

Those yields are pretty impressive on insurer shares e.g. SL 7% and Aviva going on for 10%.

StevieJ

sabretoothtigger wrote: »

Yesterday was a nice day to buy them before exdiv. I wish I'd thought more of it

Same old 170 to 230 range I reckon

Heady heights of 245 today, there is life in the old dog yet, with that nice divi it has not been a bad investent of late.

waveneygnome

Yep, been good for me too Stevie.

I have to admit though that having been a very long term holder, I sold all yesterday at 2.44. I was waiting to get out at 2.40 as I needed the money for a property purchase.

If I didn't need the cash, I would have no hesitation in holding.

Good luck.