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OK ... got up early and played 'waht-if' in the market place ... Sold late yesterday for 361.5 this morning a couple of minutes in I was being offered 347. By about 8:10 the price had risen to 350. So on the face of it I could have tweaked a little more out of it by selling at 8:10 but in reality I would have sold at 8:03 for 347. CONCLUSION ... in this particular case selling at the peak the day before was the better choice -- but it seems to vary from occasion to occasion and I can't reliably predict what will happen :( Either way ... it's 7% in less than a week ... thanks. Mike
Intended or not it was very opportune! I have some SL elsewhere in the portfolio for the longer term. But I had some cash from another trade that I could use over the short term. I got in at 336 ... the plan was to hold until the very start of trading on Thursday (ExDiv) and sell for the best I could get. In practice I sold at 361.5 this afternoon .... which gave me 7% after costs -- not bad for less than a week. Having said that I'm still going to do a what-if first thing tomorrow morning and see if I would have been better selling then after qualifying for the dividend. Mike
LordAdam/Mike, It wasn't intended as a prompt but I am delighted that it has worked to your financial advantage. Not surprised about the spike today bearing in mind tomorrow is Ex Div. SP will no doubt fall off after Ex Div as they all usually do. Now if it could fall off to around £3.30, then I'll be a happy bunny!!!
Thanks Tune for the prompt ... DON'T FORGET that today is the last chance to buy SL if you want to get the dividend of 12.34p that goes ExDiv at the start of trade tomorrow. I decided to park some money from a recent trade here for the dividend, and thanks to your prompt it's already earnt the equivalent dividend in increased share price leading up to the close of today. Mike
My personal SP benchmark level to buy in again is £3.30 and has been for well over 12 months now. I took advantage back in February when it dipped below this level and didn't regret the decision then, particularly if the final Dividend is endorsed at 12.34. I may well dip in again if the SP drops a bit lower. But, as the expression goes, each to their own.
Au contraire ... I'm right ... and rather than post a link to a page that simply tells me the share price of SL and maybe confirms the exDiv date itself I'll give you a link to an appropriate article/definition ... https://en.wikipedia.org/wiki/Dividend#Dividend_dates Where you will find the following, confirmatory, definition ... "In-dividend date — the last day, which is one trading day before the ex-dividend date, where the stock is said to be cum dividend ('with [including] dividend'). In other words, existing holders of the stock and anyone who buys it on this day will receive the dividend, whereas any holders selling the stock lose their right to the dividend. After this date the stock becomes ex dividend. Ex-dividend date — the day on which shares bought and sold no longer come attached with the right to be paid the most recently declared dividend. In the United States, it is typically 2 trading days before the record date. This is an important date for any company that has many stockholders, including those that trade on exchanges, to enable reconciliation of who is entitled to be paid the dividend. Existing holders of the stock will receive the dividend even if they sell the stock on or after that date, whereas anyone who bought the stock will not receive the dividend. It is relatively common for a stock's price to decrease on the ex-dividend date by an amount roughly equal to the dividend paid. This reflects the decrease in the company's assets resulting from the declaration of the dividend." As you will see the right to the dividend is dependant on a 'single point in time', the start of trade on the ExDiv day, and not a 'period of time' as you allude to in your posting ... put simply what you suggest is and would be totally unworkable. And the final acid test ... I've sold between the ExDiv day and the record date and STILL got the dividend ... BTW the record date is two days later to allow the company registrar to catch up with the trading that has occurred. ... and if you need any further clarification, talk to your broker ... here's what Barclays have to say ... "For example, if the ex dividend date for a stock is on 3rd March, then to be entitled for the dividend payment you must hold the stock as of midnight of 2nd March." (https://help.stockbrokers.barclays.co.uk/help/event-processing/entitled-to-dividend/) Mike
Afraid your wrong #Lordadam. Current shareholders must hold all the way through ex-dividend date 14th April to the #record date 15th April. http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007Z3Q&LanguageId=en-GB&SecurityToken=0P00007Z3Q]3]0]E0WWE$$ALL
Just to clarify further the precise mechanism that is going on here regarding cum-dividend and ex-dividend ... The person owning the share at the start of trading (normally 8.00 am) on the ex-dividend date is the one who gets the dividend when it is paid ... even if they sell it at 8.01am! So for us mere mortals that don't have access to out of hours trading markets that means that you have to own the share from the close of business on the previous day to the opening on the ex-div date. If you buy at 4.29pm and sell at 8.01am you will get the dividend. In the UK the exDiv date is almost always a Thursday ... and the market makers, being nobody's fool, automatically mark the previous closing price down by the value of the dividend that the share has just lost. Of course the market may quickly adjust it differently! Hope that helps. Mike
Current Standard Life stockholders are not far away from current dividend payout of 12.34p per share, before dividend tax. Ex-Dividend date 14th April, when markets open new buyers of SL. are not eligible for the 12.34p per share. The current shareholders must hold until close of play on 15th April to qualify for the final dividend. 24th May is payment date. http://www.dividendinvestor.co.uk/?chk=0b71c1458769045&symbol=SL.&submit=GO
Standard Life Plc 26.1% Potential Upside Indicated by JP Morgan Cazenove Posted by: Katherine Hargreaves 22nd March 2016 Standard Life Plc using EPIC/TICKER code LON:SL has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Standard Life Plc are listed in the Financials sector within UK Main Market. JP Morgan Cazenove have set a target price of 465 GBX on its stock. This would imply the analyst believes there is now a potential upside of 26.1% from today’s opening price of 368.7 GBX. Over the last 30 and 90 trading days the company share price has increased 30.9999999999999 points and decreased 18.6 points respectively. Standard Life Plc LON:SL has a 50 day moving average of 356.99 GBX and a 200 day moving average of 406.54 GBX. The 1 year high for the share price is 505.68 GBX while the 52 week low for the share price is 314.9 GBX. There are currently 1,970,046,575 shares in issue with the average daily volume traded being 5,527,788. Market capitalisation for LON:SL is £7,190,669,999 GBP. Standard Life Plc is a United Kingdom-based long-term investment savings company. The Company operates through four segments: Standard Life Investments, UK and Europe, Asia and Emerging Markets and Other, which includes the group corporate center and related activities. The Company’s subsidiaries include Standard Life Assurance Limited (SLAL), Standard Life Employee Services Limited (SLESL), Standard Life Wealth Limited (SLW) and Standard Life Investments (Holdings) Limited (SLIH), among others.
In the case of the Indie referendum SL was afraid it would lose business if it was based in a separate Scotland with most of its customers in England. Hence the plans to be based in the country where most of its customers lived. For the EU referendum that wouldn't be an issue, until a second Indie referendum should that follow. However, it would create uncertainty at least in the short term so some impact has to be expected. By the time of the EU referendum we're unlikely to know all the ways that investment managers would be affected by leaving the EU, and the impact might greater on the fund management side. Rightly or wrongly, Brexit would create some unknowns so I'd expect falls.
Well they were making plans in case of an independent Scotland. An issue that has been said would be open again if Brexit happens as "Scotland" wants to remain in the EU ..... well so the indies say anyway. I think SL will adapt to whatever way it goes and there is little point having a knee jerk reaction although the SP most probable will. Use it to get some on the cheap! Even if it is a Brexit it will be years before changes happen it could even be decades knowing the way the EU operates. I have not really seen a convincing argument for either camp yet. Mr Buffet seems to like the low cost tracker model although looking at a 5 year graph this has done better.
The next question is whether SL. could nose dive again if UK exits EU. The question is, which stock is best? Or maybe we might be better to put in FTSE100 ?
Though not great with the eps just barely covering the divi and we further interest rate rises by FED in USA. Think for now this is a hold unless you are trading this. Wait until #AUG for half yearly results.
MS raised PT to 455p from 415p this week. I own 2500 SL. amongst 47 other stocks..
http://www.bbc.co.uk/news/uk-35732604 The plans for reform to pension tax relief dropped for the time being. This should be good news for Standard life shares.
I like the fact that of delivery is falling and sales are likely to increase cause by auto enrolment The IT spend over last few years is starting to show through in scale efficiencies Pension reforms for higher rate tax payables are a concern
If so hope you all bought in, good potential up side for long term holders
yes u are probably right but I'm in long term will have to wait to recover my losses let's hope the bull his not to far away?
graham what you wrote "this share his becoming a waste of time down every day" What I read "Wow this is getting better value to buy every day" I suppose thew question is how much longer can I wait or will I get too greedy and miss a good opportunity.
Following the rest of the market down, it's not just SL. If this gets to £3 or there about's i will be buying more!!