Standard Life Shares

gt94sss2

Just wanted to note, for historical reasons/easy reference that the closing price on the 29-Dec-06 (last trading day of 2006) was 295.75

Regards
Sunil

cheggers

Bloody sky text has got rid of the shares price page on 145. Gutted used to track my SL shares every night.

Gorgeous_George

cheggers wrote:

Bloody sky text has got rid of the shares price page on 145. Gutted used to track my SL shares every night.

Use BBC2 (p224) or Channel4.



GG

gazza975526570

or you can look at them on interactive on BBC by pressing the little red button

Yorkshireman_3

cheggers wrote:

Bloody sky text has got rid of the shares price page on 145. Gutted used to track my SL shares every night.

I use this link http://uk.finance.yahoo.com/q/bc?t=1d&s=SL.L&l=on&z=m&q=l&c=&c=%5EFTSE

Gorgeous_George

Standard Life chairman could step down in May.

yahoo



GG

gt94sss2

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LONDON (Reuters) - Standard Life policyholders who failed to collect shares distributed after the former mutual floated last July have left some 4 percent of the insurer, or around 272 million pounds of stock, unclaimed.

The Edinburgh-based insurer, which ended 80 years of mutual status, said on Wednesday that over 235,000 of its former members -- now shareholders -- had yet to claim a total of almost 90 million shares.

One former member in south-east England was missing out on shares worth over 138,000 pounds at current market values.

An additional 18 million pounds in cash lie unclaimed by almost 20,000 former members, it said, largely those living outside the UK for whom it was too complex to issue stock.

Standard Life's unclaimed shares and cash are held in a trust, where they will remain until July 2016. After that, proceeds will be used for general corporate purposes.

The insurer said some 7,000 people were coming forward each month to collect shares or cash.

"We are pleased that people are continuing to come forward to claim their shares and cash," a Standard Life spokesman said. "It is neither in the best interests of the individuals concerned, or the company, for these assets to be lying in trust."

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Regards
Sunil

gt94sss2

Well, its been just under a month since the last post on this thread and nothing much seems to be happening with the share price..

Does this mean we have all decided to wait until the dividend/bonus shares arrive?

Anyway, the reason for me posting is, if you have a Standard Life share certificate, its possible for you to transfer it to a nominee stockbroker without losing your right to any bonus shares by filling in this form* and sending it to your broker, along with the share certificate.

This has the added benefits of:

a) not worrying about losing your share certificate
b) being able to sell your shares whenever you want
c) hopefully easier/quicker to get your extra shares
d) cheaper to sell your shares than paper certificates (when the time comes)

(*copies also available direct from Computershare on 0870 7020000 or via your broker)

Regards
Sunil
PS: If you don't have a free nominee stockbroker account and want one, I can recommend Selftrade where you can be referred by myself and others, getting upto £80 for joining and depositing your share certificate with them.

Milarky

Hello,

I've set a target price of 380 - which seems unlikely in the short term. But can we see shares going to 330 (i.e. a £1 rise on the issue) or even 345 (up fifty percent) by the time of free shares - which in July isn't it?

Shares can go up 10% in a short time, but would the FTSE be expected to rise by as much as this for that to happen? In fact the FTSE is up about 400 points since SL floated - which is rather less than 10%. Thus a fifty percent rise in the SL share price from 230 (given that 2/3 of this has already taken place) does look possible by the top of the Market (May?) - and then it could go up another 10% in the second half of the year if the market rallies - which it does for seasonal reasons...

[It's also just occurred to me that including the value of free shares, I'm effectively looking for '£4' a share : 380 plus 5 % on my original investement]

gt94sss2

Milarky wrote:

I've set a target price of 380 - which seems unlikely in the short term. But can we see shares going to 330 (i.e. a £1 rise on the issue) or even 345 (up fifty percent) by the time of free shares - which in July isn't it?

Yes, from the 10 July 2007.. though shareholders who have share certificates will need to fill in a form to claim them before they are issued. We will have three years to do this..!

Those who hold them with Computershare will get them automatically.

Shares can go up 10% in a short time, but would the FTSE be expected to rise by as much as this for that to happen? In fact the FTSE is up about 400 points since SL floated - which is rather less than 10%. Thus a fifty percent rise in the SL share price from 230 (given that 2/3 of this has already taken place) does look possible by the top of the Market (May?) - and then it could go up another 10% in the second half of the year if the market rallies - which it does for seasonal reasons...

I can't say what will happen to the share price though I think that 330p is certainly possible. However, in my view, it would be a mistake to read to much into the 30% rise in the share price so far - remember just before Standard Life was floated the stock market went through a weak spot and they decided to float the company at £2.30, rather than £2.75 (approx) that they originally estimated - so a lot of the price increase to date could simply be making up for that..

My personal theory is that we will see at least two periods of heavy selling in the future:

- after the first dividends have been paid in May. This will be from 'novice' investors who have 'forgotten' they were given free shares and might also not realise that they will be entitled to an additional 5% more shares if they held on for two more months.

- After the free shares have been issued. (this will probably be the bigger drop!)

In both of these situations I expect the share price to go down to reflect these events - probably before they actually happen!

Regards
Sunil