Standard Life Shares

baby_boomer

Thursday pm - Wall Street Falls -> FTSE falls -> Standard Life falls 8p to 276p

Will scupper the Standard Life bid for Resolution .

Raising the Standard Life share price to 284p+ could win Resolution for Standard - The Scotsman Thursday am

But even the Scotsman recognised that Standard's rise to 284p was only because the market thought the Standard bid had already failed.

This subsequent Wall Street slide after the Scotsman's article has probably put paid to the [over-]ambition of Mr. Crombie & our director friends in Lothian Road .

rainy_dave

I bought at 270p and sold two weeks at the beginning of last month for 299p, glad I lost my nerve when I did. I was only ever looking at them as a medium position, ended up being far shorter than I had planned, had hoped for a resurgence to around 315p. Never mind. Chart attached hope it's of interest to someone.

baby_boomer

Thanks r_d.

I still believe Standard is decent value at these levels, as the stand alone company that we originally bought into.

10_66

Does anyone have any idea how long Standard Life/Pearl/Resolution have got before a decision has to be made?

VX_Foxy

Oh dear, SL not looking good today Is this fallout from Resolution? or someother issue?

baby_boomer

It's due to the fact that Standard is refusing to back down quietly from its Resolution bid .

iii link - Standard Life seeks Swiss Re [it's bidding partner's] support for higher Resolution bid

Desperate times.

There are also wider credit crunch issues affecting financial stocks. Which is another reason for Standard to lay off.

And this sort of amateurish behaviour does shareholders no favours :

Standard in semi-public row with its banks over the stalled takeover of Resolution

VX_Foxy

Thanks BB - they do appear to be a prize bunch of muppets.

What do you think the chances of the SL price returning to 350 if the Resolution bid fails? ...and if it doesn't? :rolleyes:

Yorkshireman_3

VX_Foxy wrote: »

Thanks BB - they do appear to be a prize bunch of muppets.

What do you think the chances of the SL price returning to 350 if the Resolution bid fails? ...and if it doesn't? :rolleyes:

I would say the answer to both is yes --- prob higher forever the optomist.

VX_Foxy

Hehe! That's just what I wanted to hear

baby_boomer

Another fall to 260p

Now down 5% on a year ago .

And the reason?

Herald - Standard set to up Resolution bid to 766p per share

Our board has lost the plot - as our share price unfortunately demonstrates .

I felt like throttling them when the kept on refusing to demutualise. And now that feeling is returning.

I've always enjoyed the delights of Edinburgh at any time of year, and April 2008 (the AGM) is starting to look like a date as long as EasyJet are doing a reasonably priced flight

Let me know your concerns, and I'll raise them directly with the management.