Standard Life Shares

full-time-mum

ReportInvestor wrote: »

Closing price = the price at the end of dealings on Wednesday = 310p
Change = +6p on Thursday to 316p
Ask = price to buy = 316.5p
Bid = price to sell = 315.5p
[The difference is so the market makers can make a profit, although it's often less than 1p.]
Volume = the number of shares traded (it can be useful, if you compare with average volume, to see if price movements are being driven by buyers/sellers or by the market makers playing games).

Thanks - now it makes more sense - I assumed the closing price was today's which is why the figure didn't tally with the previous poster.

daveski

It's all still ticking along nicely at 319.25, which is back to where we were before the dip in Mid Feb.

Still in it for the long run i think.

gt94sss2

From yesterday's Evening Standard (can't see it online) - does anyone know what exactly they are referring to re: the 6.5p at the end?:

----
Its a seven-stone weakling against the hulking 454-page monster from HSBC but the first annual report from Standard Life Plc still needs 249 pages, so the 1.5 million shareholders should be grateful for the 36-page sanitised version when mailing begins this weekend.

The maiden dividend is due at the end of May, and the more important date is 10 July, when the one-for-20 loyalty bonus is triggered.

"Loyal" shareholders have cleaned up. On top of the free shares, they paid 218.5p apience in the offer, for shares which are now worth almost a pound more. Standard's quite a good business, but its not that good.

The price has been squeezed up by the need for tracker funds to buy regardless, and the retluctance of individuals to sell ahead of the bonus, which is why they still own two-thirds of the shares.

At 317p, the bonus is worth a further 15.5p a share, and a 50%-plus gain in a year will produce a rush of sellers. Clever holders might buy the right to sell their shares at 300p in September, currently on offer for 6.5p. Faites vos jeux!
----

The annual report is also now online

Regards
Sunil

Narva

hello whats the price of the shares lately please?

gt94sss2

Narva wrote: »

hello whats the price of the shares lately please?

The price at the close of business today was 320.25p according to Yahoo Finance

Regards
Sunil

cheggers

5.4p dividend, I'm re-investing mine to buy some more shares with divi payment, plus there the bonus shares to come June time.

ReportInvestor

322.5p today.

And a buy note to boot .

Broker recommendations on Yahoo

"...ING has reiterated buy Standard Life (raising the price target to 360p from 330p..."

Nice one .

DeepSporran

gt94sss2 wrote: »

does anyone know what exactly they are referring to re: the 6.5p at the end?:

... Clever holders might buy the right to sell their shares at 300p in September, currently on offer for 6.5p.

You can buy things called 'Put Options' for certain shares. If you have one of these, it gives you the right to sell a particular share (in this case Standard Life) at a particular price (in this case 300p) on a particular date (in this case a date in September). If you fear that the price of Standard Life may drop, but you don't really want to sell your shares now, you could buy some of these 'put options' as an insurance policy.

So if (for example) the share price had dropped to 250p by September, you're laughing, because you 'exercise' your 'put option' and sell for the guaranteed 300p.

Of course, it's cost you the 6.5p per share to buy the option in the first place, so the price has to drop to at least 293.5p before you break even.

Also, the 'Put option' itself can be bought and sold - obviously if the price of Standard Life drops through the floor, the value of these 'Put Options' will rise correspondingly, as will the price.

Hope this helps.

ReportInvestor

Thanks. A useful reminder. At 300p the put option costs 6.5p per share and the bonus shares are worth 15p per share.

Woo hoo.

Up to 328p on Thursday morning

At which point the bonus shares would be worth 16.4p on top of the £1.09 profit per share bought in the members' offer.

Gorgeous_George

ReportInvestor wrote: »

Up to 328p on Thursday morning

Peaked at 329p before falling back to finish 1p down at 322.25p.

It's a bit of a roller-coaster but nothing compared to csr.



GG