Standard Life Shares

VX_Foxy

275! :j Phew!

Any predictions for the day?

VX_Foxy

Standard Life soars on end to Resolution bid:

http://today.reuters.co.uk/news/articlebusiness.aspx?type=businessNews&storyID=2007-11-12T083324Z_01_WLA2778_RTRUKOC_0_UK-STANDARDLIFE.xml

hollie.weimeraner

baby_boomer wrote: »

I fear it could be a long road back.

http://www.ft.com/cms/s/0/69cf40b0-916b-11dc-9590-0000779fd2ac,s01=1,stream=FTSynd.html

Looks as though the city thinks it's a long road back as well. They really have shot themselves in the foot with this bid. The only redeeming feature is that the directors that have invested heavily recently have lost a fortune. On the up side those of us that got the initial share issue and bought at the time are still showing a healthy gain;) (Although a £1 short of a few months ago when in reality I should have sold - hanging on for the bonus shares cost me dear:o )

Yorkshireman_3

VX_Foxy wrote: »

Standard Life soars on end to Resolution bid:

http://today.reuters.co.uk/news/articlebusiness.aspx?type=businessNews&storyID=2007-11-12T083324Z_01_WLA2778_RTRUKOC_0_UK-STANDARDLIFE.xml

whts happened to this thread?

10_66

Blimey, is there no end to how low these stupid shares are going to go (£2.38 when writing this)? Does anyone know why they're still dropping, now that the Resolution thing's past?

Ian_W

The markets are down generally to-day but I did pick up the following from the Fidelity website which relates to the insurance sector.

Insurers, banks and miners were particularly bruised, with the insurance sector feeling the heat from losses of more than 10% at Swiss Re (001233237) after the firm said it will take a 1.2 billion Swiss-franc loss from its exposure to credit default swaps written by its Credit Solutions unit.
"It was an unpleasant surprise to see an insurance company reveal subprime related losses," said Andrew Popper, chief investment officer at SG Hambros bank in London. "It will create question marks. People were very positive (on the sector) up until now."

Whilst I don't know of any suggestion that SL has any such involvement, concerns about insurers will affect the price.
I got out at £2.97 which looks a good decision now, however longer term I still think they can do well but a single company share holding didn't appeal to me.

baby_boomer

As Standard dropped to 232p there remains some reason to keep the faith for embattled veterans.

Herald - Standard Life rated a ‘buy’ but shares edge towards IPO price

"....a research note from analyst Robert Hill declaring that the stock is trading at a 15% discount to the wider life insurance sector.."

baby_boomer

The Sunday Telegraph appears to have picked up on the UBS rating & the shares are up to 247p on Monday.

Sunday Tips

" UBS, Standard Life's house broker, relaunched its coverage of the company last week with a "buy" rating. Although UBS analyst Roger Hill believes the company is worth about £3.46 a share, it has set a target price of £2.90 on the shares, to allow for the market's scepticism. The Sunday Telegraph's advice is to remain patient. For the long-term value investor, there is upside to be had."

Old_Slaphead

Sunday Times is more cautious and thinks there's better value to be had with L&G!

catz1ct

Hope your getting ready for your dividend on friday :P