Standard Life Shares

plumb1_2

bugbod wrote:

Getting very tempted, but still hanging on.:)
Has anyone used Computershare? Can you tell them the least you will accept?

yes you can do real time trades, but why not ask for your certificate and make some extra dosh, see here http://forums.moneysavingexpert.com/showthread.html?t=91587
There are a few members offering to refer you.

bugbod

:DI've already been referred, thanks. I wasn't sure how much control I'd have over the selling price though. I didn't really look into it.
Are Selftrade/Squaregain the same company?

I've got my certificate.

mad

Don't know for sure but...

http://focus.squaregain.co.uk/

Might be a clue

Have not posted for a bit but been watching. I am still hanging on for £3 but did have a wobble last week. Happy again now (For now)

Ian_W

gt94sss2 wrote:

If there was a bid, the bidder would have to offer the same price/share to everyone.
The Standard Life shareholder website is useless (I can't find a copy of the prospectous for instance) but I think you will find that it would have said something like 'if there is a sucessful bid in the first year, the bonus shares are issued immediately'

That would certainly resolve the matter, Sunil, but I don't recall seeing it, though it was a mighty tome.

ReportInvestor wrote:

But I'd be interested to hear your reasoning, Ian.

I think you edited that in as I was typing.
My reasoning is that all shares, whether with a promisary note of an extra 5% next July or not, are valued the same - they each equate to a zillionth share of Standard Life PLC. When midas sold to-day s/he wasn't offered more than someone else because of the bonus s/he could have received down the line.

If a predator comes a calling it will be with an offer to buy your shares, if you accept you won't have the shares in July so wouldn't qualify anyway. If Sunil's correct, or if there is some way of bonusing then it's not an issue.

However, the counter to the argument that the "institutions" are doing better out of this than members might be that they paid more for the shares [+5% more?] to buy them in the first place. Or have I got that wrong?

ReportInvestor

I suppose there are 3 mini "classes" of shareholder apart from those who bought in the market.

Institutions who bought @ 230p
Members/Customers who bought @ 218.5p
Members whose share in the company was realised at demutualisation @ 230p

The latter are still the largest group.

If we reverse your thinking, or rather look at it from the point of view of a bidder, if they were to offer £3 today and do away with the 60% of 14 pences payable in July 2007 if the shares stayed @ 280p then that would be quite a saving.

Personally I'd be reluctant to accept a bidder effectively only offering me a premium of 6p (20p minus 14p of "lost" discounted shares).

Always assuming, as you say, that such a beast exists .

But if the shares fell to 250p, then you might be able to twist my arm for £3 .

Ian_W

ReportInvestor wrote:

But if the shares fell to 250p, then you might be able to twist my arm for £3 .

Not too hard either, I hazard a guess. :rotfl:

But shares to institutions were limited at 230 - since then I presume [though really don't know] institutions [and some individuals, no doubt] will have bought and still be buying at the various market levels above 230.
Edited to add: So that makes up a quite sizeable 4th catagory of investors - they have equal rights, no?

BTW, they closed at 281.5. So maybe the offer from the mythical predator bird will be £3.10?

ReportInvestor

Moving on from the share price, which is, after all, only incidental :rolleyes: who are the candidates for this much mooted boardroom reshuffle the press has been banging on about?

The Investors' Association has a few ideas / mugshots

BTW I've just noticed 30,000 views on this thread came up a while back :eek:.

ReportInvestor

More talk about boardroom changes & future appointments in the

Sunday Times

plus this comment at the end.

"......One industry analyst told me that while he saw no impending bid for SL, it would not be able to shake off possible suitors, particularly foreign ones looking for a UK foothold, until it reached peer group profitability.

That could mean having to cut more costs and the large retail shareholding business will come into that equation as it is expensive to maintain, although it plays into Crombie’s hands for now.

Meanwhile, life in the SL garden looks rather rosy — unless you sold your shares on day one, that is."

ReportInvestor

Useful start to the week - Up 3.5p to 285.75p around 3.30 pm Monday

On course for a new closing high :j

A very successful start for the Standard Life property fund
Exactly the sort of strong diversification away from with profits that will determine the company's future success.

Yorkshireman_3

ReportInvestor wrote:

Useful start to the week - Up 3.5p to 285.75p around 3.30 pm Monday

On course for a new closing high :j

A very successful start for the Standard Life property fund
Exactly the sort of strong diversification away from with profits that will determine the company's future success.

Onward and upward hold tight