Standard Life Shares

baby_boomer

Although the continuing US bank crisis has hit the whole market since the results, Standard held up reasonably well at 234p.

Shareholders will be pleased to see that

Three Standard directors bought £100K of shares each at 240p-247p this week - Yahoo link

Yorkshireman_3

Bennifred wrote: »

Really hope you're right! (How much time, do you reckon.............lol!)

Within 24 months --- £3.00 plus within 12 mths trouble is at the moment everyone running scared of shares so making overall situation worse --- wish i had loads of money to invest - now is the time i think

Bennifred

Yorkshireman wrote: »

Within 24 months --- £3.00 plus within 12 mths trouble is at the moment everyone running scared of shares so making overall situation worse --- wish i had loads of money to invest - now is the time i think

Oh that would be excellent! :cool: We'll just wait it out, then! What shall we talk about.......:D

baby_boomer

Very amusing, Bennifred

Yahoo link

The Chartist in Shares Magazine rates Standard as a buy with a target price of 295p .

Shares up 5p to 249p this morning - a stronger performance than the market's +1%.

baby_boomer

Yahoo Link - Nice surge to 272p at 2 pm Monday

Marching back up the hill and into clear profit territory for those who bought extra at 218.5p - although I can't see Grand Old Duke Crombie getting us ALL the way to the top again.

Link to Standard Life v the FTSE chart over 6 months

We have now caught up with the FTSE again after an appalling run.

Yorkshireman_3

baby_boomer wrote: »

Yahoo Link - Nice surge to 272p at 2 pm Monday

Marching back up the hill and into clear profit territory for those who bought extra at 218.5p - although I can't see Grand Old Duke Crombie getting us ALL the way to the top again.

Have Faith

phreil

Like many other people, I suppose I watched my standard life shares rise and fall. But I have plotted a graph using yahoo finance, which tells me they have done better (you might even say miles better)than the other bank shares. Use this link to look at the graph http://finance.yahoo.com/charts#char...urce=undefined

I'm absolutely no money expert, but this makes me think that standard life shares will go up to a lot more when bank shares start to go up again. And I suppose bank shares will start to go up again -- HSBC offering mortgages in such an aggressive way -- doesn't that mean they are trying to cash in on the situation, and that mortgages will be a feature of life in the future??

So I'm hanging on, as long as I don't desperately need the money

catz1ct

I've noticed the credit crunch has made most banks shares drop a lot. Which is a shame really because they were doing really well last year!

baby_boomer

Some reassuring news from Fitch, the credit rating people

"Fitch Ratings affirmed Standard Life Assurance Ltd.'s (SLAL) insurer financial strength (IFS) rating at 'A' and long-term issuer default rating (IDR) at 'A-'. The ratings agency The ratings agency also affirmed the long-term IDR of Standard Life Plc., the parent company of SLAL and the top holding company for the Standard Life group, at 'BBB+', reflecting its strong business position in the UK life and pensions market.

The group has low debt leverage and remains well capitalised, with no direct exposure to the U.S. mortgage market or mono-line insurers, Fitch added.
'Crucially, Standard Life has also improved its profitability, by cutting costs and commission levels,' Fitch said.
The outlook for all three ratings is stable. Fitch also affirmed the ratings on Standard Life's subordinated debt issues at 'BBB+"

Standard shares were up 6 to 252p in a strong market generally.

whu

Hi - just wondering if there is any charge for reinvesting the dividends to get more shares?