Standard Life Shares

full-time-mum

baby_boomer wrote: »

8 years is starting to get on for long term. Certainly the picture will be very different by them.

Fingers crossed then.

Roughly, off the top of my head...

How many SL shares do you hold? around 900 each

Do you have any other stock market based investments apart from your SL policy or shares? Don't think so although I have a couple of pension plans set up by various employers which may or may not have such elements (Equitable and Scottish Widows)

What is your current estimated SL shortfall? Obviously depends on growth rate but middle figure is around £14000

baby_boomer

CityWire - Anthony Hilton in the Evening Standard lambasts Standard's bid as "absolute nonsense"

"....The shareholders are paying a high penalty for the board's fixation with its bid for Resolution [You don't say :rolleyes: ]. It may well be that in an ideal world Standard Life would be a better owner for Resolution's assets than a rival bidder Pearl, but this is a far from ideal world.'

He goes on to say: 'Given the hole it is in, the obvious course would be to stop digging. Standard Life [should] recognise it has been suckered by Resolution's Clive Cowdery into an auction where the price makes absolutely no sense......." :T:T:T:T

## - It's time for the Standard board to appreciate who employs them. Us !

full-time-mum

baby_boomer wrote: »

## - It's time for the Standard board to appreciate who employs them. Us !

So how do 'we' get them to back down?

10_66

I've already sent a letter expressing concerns, but that'll probably just end up in the bin!

baby_boomer

full-time-mum wrote: »

So how do 'we' get them to back down?

The killer question .

10_66 has made a start & we could in theory attend the AGM and/or vote against director pay.

In another company, institutional shareholders with large blocks of shares [capable of voting against director pay] would have a quiet word. The problem we have is that the Standard board is less accountable because we are collectively less knowledgeable, less organised and our voting power is so dispersed.

Our best chance is that the press & the falling share price shame the board into the right course of action. Even two of the key figures on the board - Crombie & Matthews - are suffering a bit over the share price.

EdInvestor

http://news.bbc.co.uk/2/hi/business/7089765.stm


Standard throws in towel :T

Cappsy

Good news!

http://news.bbc.co.uk/1/hi/business/7089765.stm

baby_boomer

This is what we wanted to hear. Thanks, EdInvestor.

Now, what chance a pick-me-up on Monday morning in spite of the current negative sentiment on global financial stocks?

Yorkshireman_3

baby_boomer wrote: »

This is what we wanted to hear. Thanks, EdInvestor.

Now, what chance a pick-me-up on Monday morning in spite of the current negative sentiment on global financial stocks?

Also is it likely that SL will now become target for takeover and shares reach new heights ??

baby_boomer

We can dream, Ym. I fear it could be a long road back.

The example of Friends Provident is not a good one. They have crashed to 148p following their failed tie-up with Resolution. But I remain hopeful that Standard is a more substantial business with better prospects than FP whether it is taken over or not.

Let's see what the City makes of it on Monday.