Standard Life Shares

baby_boomer

CityWire - Comment about Standard Life's interest in buying Resolution

A mixed reception, which may have impacted on the share price recently.

baby_boomer

A nice 14p rise today . Rather suddenly, in the afternoon.

Pearl eyes Resolution bid

I personally hope that this stops Standard Life's bid for Resolution. The worst case scenario IMHO is that out company overpays in a bidding war.

mleonard79

baby_boomer wrote: »

A nice 14p rise today . Rather suddenly, in the afternoon

Hi Baby boomer,

It's nice to see it finally on the move up but I'm not going to get too carried away about it as I remember either last week or the week before one crazy day where it jumped up 23p one morning and then by the end of the day it was only up 2p so fingers crossed this leap holds up by the end of today. Thanks for all the info about the Resolution bid :T

Regards

Michelle

baby_boomer

Thanks Michelle, it's a pleasure . I agree that it's nothing to get carried away about.

Ironically Resolution tried to buy Standard Life on the cheap (way below £2 a share :eek: ) before the flotation. Now the boot is on the other foot.

gt94sss2

10_66 wrote: »

Never having had shares before, following Standard Life's shares ups and downs is new to me. Seeing that the SL shares have dropped to 2.76 (at time of writing this) is this downward trend because of the Northern Rock situation, the USA mortgage situation, a general downward trend or a mixture of all of them and is it likely to be a looooong time, or just a long time before they pick up?

The share price is affected by all of the above plus the possibility that Standard Life might get involved in buying another company.

No one can say how long it will last - otherwise we would be rich

Its worth remembering though that due to the nature of their business an insurance company owns lots of shares in other companies so if the stock market is going downwards, insurance companies tend to as well..

Regards
Sunil

baby_boomer

Indeed. We should be grateful that a serious banking crisis has left the stock market relatively unscathed - so far.

Even though financial shares like SL have taken a bigger hit than others.

baby_boomer

Mean Target:346.8
Median Target:349
High Target:382
Low Target:290
No. of Brokers:10

Recent broker analysis about Standard Life on Yahoo

mleonard79

Well the rise today sustained until the market closed - up 16.25p overall Of course it could go right back down again tomorrow but I think that's the first time in a while it's made decent gains in a day and held onto them til close of business.

Regards

Michelle

Yorkshireman_3

mleonard79 wrote: »

Well the rise today sustained until the market closed - up 16.25p overall Of course it could go right back down again tomorrow but I think that's the first time in a while it's made decent gains in a day and held onto them til close of business.

Regards

Michelle

Hang in there Michelle

mleonard79

Yorkshireman wrote: »

Hang in there Michelle

I am Yorkshireman The shares are up to £2.96 today so closing in on the magic £3 again.

Regards

Michelle