Standard Life Shares

ReportInvestor

All good grist to the mill , Sunil, but the Canadian news came out yesterday lunchtime, I think, so probably doesn't explain today's surge ?

gt94sss2

True and I agree its mainly the takeover rumours that are affecting the price.. I only mentioned the Candian news as I hadn't noticed it being posted previously

I also note that trading volume today was double (approx) yesterdays - I wonder how much the fact that retail investors still hold such a high % of the shares affects price movements..

Regards
Sunil

Yorkshireman_3

ReportInvestor wrote:

All good grist to the mill , Sunil, but the Canadian news came out yesterday lunchtime, I think, so probably doesn't explain today's surge ?

Its due to the fact that SL is still worth more than current price as i said tomorrows another day nn all keep hold of the shares ehehehheheh

ReportInvestor

gt94sss2 wrote:

I also note that trading volume today was double (approx) yesterdays - I wonder how much the fact that retail investors still hold such a high % of the shares affects price movements

Good spot.

Just look at these huge volume trades at the end of the day. I am assuming that the 6 million @ 279p @ 17.08 was a BUY !?!?! since the mid-price never reached 279p at any stage in the day and the spread at the end was 277bid-279p offer

17:08 - 279p - 6,000,000
16:52 - 275p - 2,000,000
16:44 - 271p - 263,475
16:37 - 277p - 1,250,000

Citywire Standard Life page

Gorgeous_George wrote:

I'm still here but the shares have reached the point where I think I should sell.

Might just see what the next week or so brings.

GG always makes me smile. What are the odds he ends up being the last MSE Standard Life shareholder standing ?

The only thing being reported is "vague takeover talk surrounding Standard Life" The FT apparently speaks of rumours of Standard being in the sights of a European rival.

Yahoo Biz

And - off topic - takeover talk about Bradford & Bingley - if, like me, you still hold those free demutualisation shares .

ReportInvestor

Standard holds onto & extends its gains in early Friday trading

Now up to 281.5p .

bugbod

ReportInvestor wrote:

Standard holds onto & extends its gains in early Friday trading

Now up to 281.5p .

I've just seen that too
Is it time to cut and run?

ReportInvestor

Too late????? - sudden collapse down to 275p

That's funny. It's now been edited out .Choppy times. In fact it's just a downward spike that's been corrected.

280p is better than any of us hoped. You could make worse mistakes in life than 50p/62p profits in three months .

And we don't know what's really going on. Standard management has assisted takeover talk by not sorting out management changes and by talking of its own acquisitions, thereby appearing to put itself into play. So will these rumours come to anything?

Your guess is as good as mine, bugbod .

Sometimes it's "better to travel than to arrive".

bugbod

Showing on AOL ( updated every min. ) as 280.70

I think I'll hang in there

ReportInvestor

Friday 13th.

What a day for decisions :rolleyes:.

For anyone selling, it's worth learning from that sudden spike downwards. They can happen and one sole ordinary investor got caught out this time & sold at 275p.

It happened on the phone to me when I earlier sold a batch @ 258p. The sales assistant quoted me 255p after I'd seen 258p. I said, "are you sure about that?" she said she'd double check and then said it was back at 258p.

Midas

Well I have sold mine today for 280.25p each, 62p profit in about 3 months seems pretty good to me. I'd set 280 as my target price quite a while ago and decided that I'd better not get too greedy, so sold once they hit that price. Now I'm thinking I should have held on and that they'll probably hit 3 quid :rotfl: