Standard Life Shares

ReportInvestor

More good news for those of us who are still holders of the shares .

Fred Woollard's Australian fund bought shares on the first day of dealings - IA story / link

Woollard analysed Standard Life in depth as a business in 2000 as part of his demutualisation campaign, long before current UK share analysts gave it a passing thought.

More details on the link above. Standard closed @ 258p today, just shy of its 259p previous closing high.

Since flotation Standard has outperformed the FTSE by around 6.5% , taking the opening price of 242p as a starting point.

Bennifred

Appreciate you keeping us up to date, ReportInvestor, thanks!:A

ReportInvestor

Cheers for that Bennifred. I had vaguely assumed, from the thread count, that I wasn't just talking to myself - but it's nice to have confirmation for my own sanity .

For anyone interested, here's how the Woollard and Merrill Lynch stories were covered in the press on Sunday.

Scotland on Sunday
Woollard & Merrill Lynch

Sunday Times
Scroll down to "Not standard".
Woollard & Merrill Lynch

Sunday Telegraph
Scroll down to "Standard Life's bete noir"
Just Woollard & some old memories.

ReportInvestor

Reuters finally catches up with MSE four days later :rolleyes:

"..."I believed that the shares were too cheap and that Standard Life has a reasonably bright future," Woollard told Reuters on Tuesday. "Standard Life has a huge network of distribution through IFAs (independent financial advisors) across the UK, it has a great brand name, it will go on writing business."

He said the conversion to a Plc should also make it more efficient and profitable..."

Gorgeous_George

Currently trading at £2.61 - that's almost 20% up from the discounted price.

I'm looking at bailing out at 25%. Would anyone recommend hanging in there longer?



GG

thehairybuilder

LOOKING GOOD

Price:260.75 GBpChange:2.75 1.07%Last trade:30-AUG-06 10:59

Yorkshireman_3

Gorgeous_George wrote:

Currently trading at £2.61 - that's almost 20% up from the discounted price.

I'm looking at bailing out at 25%. Would anyone recommend hanging in there longer?



GG

Hold tight George heheh £3 on the way -- good divi and bonus shares

ReportInvestor

A new closing high of 260.5p .

Personally I like a share that is hitting new highs, as long as the valuation doesn't get out of kilter with fundamentals.

The market was firm and insurers / financial stocks did especially well with some consolidation talk (though not linked to Standard) - iii link

MiserlyMartin

This is all very good news, I eat humble pie and glad I kept my shares.

ReportInvestor

Congratulations.

I wonder how many investors initially wanted to sell but didn't bother after the initial problems with the Computershare internet & phone selling systems?

I would quite like to find out what % of the original membership still holds their shares.