Standard Life Shares

MPH80

http://uk.finance.yahoo.com/q?d=t&p=&q=q&s=SL.L&m=L

That works for me ok.

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Gorgeous_George wrote:

My cheque was cashed today.... Just need my share certificate next.

That's an interesting thought. If enough people are thinking that they are going to sell when they get their certificates then there might be a blip between now and Monday.

I would guess that they are trickling out the certificates, to spread the selling pressure as thinly as possible.

But Monday is a key date as it's when those who left their shares in the Standard Life account - probably less experienced / less internet savvy investors - have their first opportunity to deal.

I suspect the market makers may have a sucker punch waiting for this occasion . But some institutions may also have been waiting for Monday to pounce , and if their demand sustains the price the company will have successfully straddled its first major hurdle after the opening day.

Gorgeous_George

What %age of total shares changed hands on each day so far? ISTR a lot changed on day one but how many was it as a %age.

Hopefully, the tempter of 5% free next year will keep some of SL's new shareholders happy, but next Jul/Aug should see a drop in price as they decide to sell.

I'd be tempted to sell before the first anniversary unless they formed party of a longer-term portfolio, which is something I don't do.

Whatever the next few months brings us, I'd be surprised if they fell below 218.5p.



GG

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I've put the 218.5p figure out of my thinking (except for CGT calculations).

We are at 249p and decisions have to be based on that. Of course if that price holds into next August then the "5% bonus shares" are currently worth nearer 6% of the original investment .

GG's question about the percentage of members selling is a good one. It would be useful to keep an eye on this.

The more members that sell now, the less downward pressure on the share price come next summer and the issue of bonus shares. And, combined with the share price, it can give us a measure of genuine institutional demand versus technical factors like stock shortage.

IIRC at the outset 75% of shares were eligible for a 5% bonus.

If that has reduced to 50% by next summer then the maximum downward pressure on the shares is 2.5% of the share price (as opposed to 3.75%). Although the City will probably be factoring this in already.

Of course, as GG has just indicated, the shares will drop for technical reasons next July. i.e. the City will expect more shares to come onto the market in the immediate aftermath of the bonus issue.

So in July/August 2007 there may be a temporary, short term drop.

plumb1_2

Ex Divi= drop in price.

Chrismaths

But will you be comparing the top performing UT using that greatest of all inventions - hindsight.

It's only fair to select the trust today.

I've selected several, I'm an investment manager! Board rules don't permit me to mention individual funds. So I won't. But equity income is probably the sector to look at, so how about the 25th percentile of the sector? Not too hard to pick a top 2nd/low 1st quartile fund.

corrig24

HI,

I got my share package in june also, all 187 shares but I did'nt really look at it until Wednesday 5th of July at 5am (too hot couldn't sleep), i then signed and sent it in that day. It would have been received after the deadline. Has anyone else done the same and if so have you had any confirmation/correspondance back. I have had nothing and don't know what to do? Advice would be greatly received.

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I believe that your shares will have gone into the Standard Life unclaimed assets register. Your late application will probably be sufficient communication to get Standard to write to you to get you off it and obtain the shares in your name.

The good news is that I believe that your unclaimed shares will be benefiting from the rise to 249p from the offer price of 230p .

The bad news is that you have no possibility of selling, if you wanted
to get out before your 5% bonus share allocation next summer, until you get the ownership claim sorted with Standard Life.

187 shares? You carpetbagger :rotfl:

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Chrismaths wrote:

I'm an investment manager!

Chris, I don't imagine you can tell us if you're looking to buy Standard Life over the next week and up to what price ?

cheggers

I bought some extra shares with the 5% discount, but I have had nothing through about how many shares I have recieved and at what price I got the shares at through the 5 % discount, anyone know what the discount price was????