any advice about the standard life demutualisation

kaykay_2

Hi
We have just received notification of Standard Life shares available to us to cash in or keep, not very good with this kind of thing(229 shares allocated). Any advice would be greatly appreciated.
Thanks

looneyleo

Me Too! Both Hubby and I have been issued shares and don't have a clue what to do with them... not desperate for money...but would really really like an all singing all dancing TV/DVD/digital thingy-me-bob in the corner of the room - currently have TV bought for £25.00 from friend! (too small and gives me a head-ache!!! Advice please all you money experts!

dwsjarcmcd

Personally I think it depends on whether you need the cash or not (or whether you want a new telly!). If not, there are a few reasons to keep them
1. You get 1 free share for every 20 if you keep them for 12 months.
2. The dividend is reasonable at 4.5%
3. There are rumours of a takeover for Standard, if so the price usually goes up
Just remember, share can and do go down, but on balance I'll hang on to mine

virgin_moneysaver

we are of the same opinion in holding onto our shares - the crunch for us is whether we go for purchasing more (only the £1000 option) but after the debacle of the underperformance of the endowment we are loathe to give them any more of our money than necessary - but would it be a reasonable gamble if they are taken over - anyone any experience of this with other companies?

dwsjarcmcd

I have decided not to, primarily because of the Friends Provident shares I got a few years ago. They floated at 250p and are now about 172p. I don't think SL will be that bad, but FP business performance has been good, so can't see what (other than a takeover) will see the price really grow

david29dpo

i dont think is a good idea to buy more, even with the 5% off. i intend to keep mine for 12 months for the free shares and take it from there.

looneyleo

dwsjarcmcd wrote:

Personally I think it depends on whether you need the cash or not (or whether you want a new telly!). If not, there are a few reasons to keep them
1. You get 1 free share for every 20 if you keep them for 12 months.
2. The dividend is reasonable at 4.5%
3. There are rumours of a takeover for Standard, if so the price usually goes up
Just remember, share can and do go down, but on balance I'll hang on to mine

Thanks for the advice, will hold on to them for the 12 months and see what happens. looneyleo

sandymac_3

I've got an offer for my SL endowment policy which I want to accept - should I wait until the demutualisation date and get my shares or will the value of my policy be likely to fall? CAn't figure out whether to wait or not - surrender value is only £300-400 less than the offer on the table...

Appreciate any advice from all you knowledgeable moneysavers out there...