Standard Life Shares

chinneybigchops

Really sorry to sound stupid, but just read this thread and I am now confused. I have had my share allocation statement and my welcome pack. I didn't think I had to do anything now. Should I? Or do I just wait to be paid out?
Sorry I know I am thick but any help would be greatly appreciated.
Thanks

ReportInvestor

If had told Standard to sell your shares you should have already received a cheque.

If you didn't tell Standard to sell your shares then you will only get a payment when you do so. The welcome pack tells you how to go about it.

In the meantime the value of your investment is fluctuating.

needmoney

ReportInvestor wrote:

Computershare will only deal twice a week [Tuesday & Friday] if you sell your shares by post - (cost 0.5% of your holding, but no upper limit )

So you have little control over the price over a 72 hour period. I think, by implication - it's not 100% clear-, that you need to get your letter/form to them by Monday/Thursday 10.00 a.m. for them to deal on the following Tuesday/Friday.

Also you have to provide ID eg a marriage certificate.

If you deal by phone (when you can OK the selling price) the cost is 1% of your shareholding - which is relatively expensive in today's market if you are computer literate.

RI was this a reply to my post?

ReportInvestor

Ouch. Price down to 249p after 253p AND

A couple of mega after hours sales went through for 2.3m shares in total . And another 3m sale just before 5.00 pm. Maybe some institutions weren't as keen as I had hoped .

A negative Wall Street didn't help, dragging down all European indices including London. Maybe they had interpreted Fed Chief Bernanke's recent comments re inflation too positively & also neglected the Middle East crisis?

It's not looking good for Monday's opening price

Volume was particularly high this Friday. 50% more than the rest of the week combined.

Gorgeous_George

I think you might be right about Monday's opening - but does it matter?

The big test for my nerves will be September. As I've said before, 25% gain and I'm selling so £2.75 for me will be enough. If they fail to reach this by the end of September, I may bottle it. The numbers are not big enough to change my life.

If the shares fall, they were mostly free anyway, so nothing lost.

More important right now is whether to keep the endowment policies going. Mine started in Feb '85 and Mrs GG in '89. Might need to seek advice on MSE soon. Apart from the surrender value, there's £110 income per month to be gained by surrendering. That'd pay for another holiday each year!



GG

runragged_2

Well I'm afraid I took the money & ran!

I have absolutely no idea about shares, so when I got my pack through saying I'd been allocated 335 shares, I didn't have a clue what to do. I dilly dallied about a bit, then finally decided to sell & keep the money.

Got my cheque this week, £760, which is being spent on a nice family holiday! :T

ReportInvestor

Great! Nothing wrong with that decision in your circumstances.

ReportInvestor

Scotsman

Thousands take the money and run - Or is it just TD Waterhouse trying to drum up more business?

".....One online stockbroker, TD Waterhouse, ranked the Edinburgh insurer's shares as the number one retail sale for the seven days to 21 July.

President and chief executive of the dealer Michael Foulkes said trade in the sale of the stock represented about 5 per cent of the firm's business for the week and, although exact figures were not available, added it represented "thousands" of trades.

"This is a very positive novelty item in the market, with the initial launch going very well, and the price has gone up," he said. "What is driving it to the top of our list is that this is a windfall for policyholders, who are converting it into money."

But another broker did not see the same level of excitement for selling Standard Life's shares. Mike Graham, managing director of Edinburgh-based Stocktrade, said he had not seen an "avalanche" of stock coming onto the market this week.

"Originally there was a pent-up amount of selling from people who decided they were going to take a profit but with the setback to the market, I think a few people decided they might wait and see," he said....."

ReportInvestor

Opened up at 251p but slipped to 246 to sell by 9.12 am against the FTSE trend .

But rescue to close at 252p by a surging FTSE that closed up 2% (compared to up 1.2% for Standard Life).

Gorgeous_George

Looking at the closing price (252p) only, it looks a steady increase (up 3p). A closer look at the price through the day and the ship looks less steady with a dip as low as 243.75 representing a swing 3.3% on the day.

More interesting is that the price seems to rise when volumes increase. Does that have any significance?



GG