Standard Life Shares

StevieJ

One question about the bonus shares, do the 5% bonus shares after one year pass to the new purchasers if sold in the meantime? if so will this not merely result in a 5% drop in the share price when they are issued?

Gorgeous_George

StevieJ wrote:

One question about the bonus shares, do the 5% bonus shares after one year pass to the new purchasers if sold in the meantime?

No. Bonus shares are only applicable to you if you received shares on demutualisation or bought shares in the Preferential Offer at a discounted price.

StevieJ_as_well wrote:

if so will this not merely result in a 5% drop in the share price when they are issued?

I believe that SL held back shares for the bonuses, Not sure what will happen to any that they held back but no longer need to distribute.

There is a possibility that once members receive there bonus shares, many will sell. Possibly resulting in a small price drop.



GG

Yorkshireman_3

Gorgeous_George wrote:

Is everybody happier with their with-profits policies now?

Mine seems to be doing well at the moment (0.95% increase in surrender value this month).

EDIT: £3.28 would be a significant milestone, representing a 50% increase on the discounted share price.

However, we should remember that initially the share price at flotation was expected to be between £2.40 and £2.90 making £3.28 just a 13% premium on the higher end of the range. Today's closing high would be only an 8% premium on the £2.90 end of the initial range.

GG

emmm expected float price irrelavent isnt it? emm just actual price and actual price to day is relevant --- and expected rise in price to come?? yes ?? milestone is £3.20 nxt one is £3.50 these shares still undervalued as most shareholders who have kept realise i reckon that price reflects confidence of ppl who hold the shares .. and will do for some time to come :d Time will tell Forever the optomist

StevieJ

I believe that SL held back shares for the bonuses, Not sure what will happen to any that they held back but no longer need to distribute.

You think that shares exist not allocated to shareholders, if this is so and a high number of shareholders have sold on and will not require the 5% bonus, then these shares should be cancelled maybe creating a share price increase.

gt94sss2

I was beginning to think that everyone else had stopped posting to this thread!

Anyway, I did come across this story

Private sector life insurance firm, HDFC Standard Life plans to triple its sales force in the country in the next one year in anticipation of continued growth in sale of its insurance policies.

UK-based Standard Life Plc, the joint venture partner of domestic financial services major HDFC in the Indian insurance business, on Wednesday said its life insurance business in India continues to develop rapidly and recorded sales growth of 58% to 140 million pounds (about Rs 1,200 crore) on constant currency basis in 2006.

“In Asia we expect sales to continue to grow strongly as we capitalise on market growth and triple our sales network in India by March 2008 and double our sales force in China by the end of 2007,” Standard Life said while announcing its new business results for 12-month period ended December 31, 2006.

Regards
Sunil

Yorkshireman_3

gt94sss2 wrote:

I was beginning to think that everyone else had stopped posting to this thread!

Anyway, I did come across this story



Regards
Sunil

Hopefully this is good news for long term holding of SL shares

gt94sss2

Shares price closed this week at 313.25p - after touching 314p earlier in the day.

If it keeps this up, next week all those who brought and held discounted shares @ 218.5p will have made a £1/profit a share..

Regards
Sunil

Gorgeous_George

gt94sss2 wrote:

Shares price closed this week at 313.25p - after touching 314p earlier in the day.

If it keeps this up, next week all those who bought and held discounted shares @ 218.5p will have made a £1/profit a share..

Regards
Sunil

I make that (£1 profit per share) equivalent to 95% annual interest for a standard rate tax payer.



GG

ReportInvestor

Still holding 5,000 shares. Glad to see I'm not alone .

It's an interesting share.

The old business has done far worse than flagged, but the new business like SIPPs has done even better than the optimists hoped.

A 95p rise with bonus shares to come is cause for celebration.

It looks like Fred Woollard, who backed them from the start, was a better analyst than the average broker who has persistently underated the shares.

Gorgeous_George

ReportInvestor wrote:

It's an interesting share.

Try looking at CSR shares over the past 12 months. Interesting would be an understatement! Sometimes I think I should sell SL and buy CSR shares but I don't know enough about the business. Thinking about it, I know very little about SL either.

I'm still holding 2020 shares (1105 were 'free') plus Mrs GG has her 700 or so.



GG.