Standard Life Shares

baby_boomer

mleonard79 wrote: »

closing in on 3p again

I trust you mean £3 :eek: :rotfl:

mleonard79

baby_boomer wrote: »

I trust you mean £3 :eek: :rotfl:

:rotfl: Baby_boomer - that's what I get for typing too fast! I've corrected it in case it gives someone a coronary!

Regards

Michelle

Yorkshireman_3

mleonard79 wrote: »

:rotfl: Baby_boomer - that's what I get for typing too fast! I've corrected it in case it gives someone a coronary!

Regards

Michelle

£4.00 plus when market gets back to normal have faith

baby_boomer

Small steps first, though.

Back up above £3

10_66

Can anyone explain what the difference is between Standard Life Ordinary 10p shares (currently £2.82) and Standard Life Ordinary 25p shares (currently £3.20). Please don't say 38p - or 15p! Watching the prices fluctuating, the 25p shares don't seem to have suffered like the 10p shares have. Many thanks.

gt94sss2

10_66 wrote: »

Can anyone explain what the difference is between Standard Life Ordinary 10p shares (currently £2.82) and Standard Life Ordinary 25p shares (currently £3.20). Please don't say 38p - or 15p! Watching the prices fluctuating, the 25p shares don't seem to have suffered like the 10p shares have. Many thanks.

The '25p shares' are actually for an Investment trust called STANDARD LIFE EQUITY INCOME TRUST PLC and not Standard Life PLC itself

Regards
Sunil

baby_boomer

baby_boomer wrote: »

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.

Times Business editorial - Nothing Standard about this £5bn bid

The Times Business editor shares my concerns.

"A Scottish financial services company, newly demutualised, flush with cash from an army of small shareholders, a novice to the disciplines of the stock market, a complete tiro in acquisitions, has a blinding lightbulb of an idea. Why not buy something? It overpays for what turns out to be a complete turkey, gets distracted from its core business, books heavy losses for years and, humiliated by the experience, ends up succumbing to a bid from someone else.

No, not Standard Life, but the old Trustee Savings Bank, which 20 years ago took the fatal step of buying the merchant bank Hill Samuel and, bruised by the ensuing flak, surrendered to a bid from Lloyds Bank, now Lloyds TSB.

Standard Life, as it ponders a joint offer for Resolution, might pause to remember TSB’s fate. Standard has till now done perfectly well in its short stock market life by sticking to the knitting. Indeed, until very recently it was happily telling investors it was still in the early phase of its turnaround plan with plenty of scope from organic growth and the better harnessing of its strong brand and investment skills.


Why, then, would it embark on a break-up bid for Resolution with Swiss Re?


................ this is a deal with considerable execution risk.............."

mleonard79

Thanks for that article baby boomer - do you think the possible bid for Resolution is the reason for the poor performance of the shares recently or is that more due to the general stock market malaise?

Regards

Michelle

baby_boomer

It will be both. I wouldn't like to say how much influence the Resolution uncertainty is having but that article was a lead piece in the Times & so is likely to reflect wider City concerns.

baby_boomer

Times - Standard forced to clarify its position by Takeover Panel

Except it does no such thing .

Standard says it may or may not bid, and if it does it hasn't decided on the terms .

".....There is speculation that Standard Life and Swiss Re are considering making a bid between 730p and 740p a share, valuing Resolution at £5 billion. It is understood 70 per cent of the offer will be paid in cash

At that price, the joint offer would trump a 691p a share offer made by Hugh Osmond’s Pearl Assurance last week. Resolution shares closed unchanged today at 718p......."