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this share his becoming a waste of time down every day
The next question is how high can there dividend yield go, with current price at 5.8% and rising to 6.2% with 2017. EPS of 26.1p makes this cheap at 12.8 P/E to FTSE 15 x Its fallen 47% since last year around 495p. Brexit is one major hiurdle they have on their hands
One thing I noticed about the presentation this morning is that nearly every question came with a response that we would take it off line or we would discuss this in the next session with the technical team. Are things that complicated or is it too detailed for the board to answer. Maybe they just dont want to be too transparent. Nice bump in the divi, yum!
The chap from Panmure Gordon (see below) got it about right. Nice results in the current market.
Results on Friday. Lets see if these push the price back to 400P.
Bonz, sound advice regarding reinvesting divis IMO, I would forgive you a little bit of Hockings to tempt you away from reinvesting. I remember reading several articles showing how well investing in shares did over the years but the extra kick by reinvesting those divis made a substantial improvement. All hail compounding divis! Not tried the Westlers but having just googled em I doubt I will. I do make my own so I know exactly what is put in them and I like to eat clean. As for safe, I thought Tesco was "safe" but it just shows how risky some things can be. It might be better to look at something a bit risky as it would already be in your mindset. Dont you get free advice taking pensions? However good that maybe. Tune, Its rare that some real news comes out with SL. just the quarterly updates its not like it signs mega contracts every now and again. Slow and steady win the race. I try and post my dealing for info more than anything but not to try and get people to follow me. Then again there are all sorts of investors and maybe this attracts "our sort"
Good to hear from you (both). The three of us seem to be similar in our postings, not only content-wise but also when we have something hopefully of interest to post that others may find of interest. I find it sad when many posters, rarely on this BB I hasten to add, simply advise everyone that they have managed to double their share holding on a particular Share or ask daft questions in the hope that someone will either Bite The Bullet or Answer!!. I really have NO interest in that. As we all often say, DYOR. It's as annoying as listening to some idiot on their Mobile telling the world and his Uncle what they had for breakfast! Was in Appledore again in November (and walked to Westward Ho! across boggy fields with my dodgy foot!) and will visit again soon. Often see Hockings Ice Cream Van on the front but my Dentist does NOT recommend Ice Cream with my fillings!!! Bonz1957, I couldn't possibly advise you and yours on your SIPP. That must be for the both of you. But I have no doubt you will both arrive at an amicable agreement!!!! Also agree with you re the analogy between Ice Cream and Burgers. I was at Portsmouth v Bristol Rovers on Saturday and I would rather my home made Sandwiches to a Pie any day.
You should know by now Gerry that my divs are reinvested into new SL shares, as is the case with every other share I hold - if possible. In the last year only 8% of my divs were taken cash, it's a great way to build the value of one's portfolio over time, even in a falling market. And there are many pretenders, but none come close to the taste of Hockings. A bit like the difference in taste between a 1o0% meat gourmet burger and one of the Westler variety out of a tin as favoured by sellers at footy matches. I'm still around Tune, and am with you on just riding it out. All of my holdings are LTH's and just about the only good thing to say about a falling market is that the divs buy more shares. Mrs B has taken her pensions, and we're now left with a nice sum in a SIPP that needs investing wisely. As that rules me out.....lol.....any advice will be greatly appreciated. Need things that are uber-safe, so no risky oilies or biotechs. ATB.
Tune, I think Bonz is slowly reinvesting his dividends in Hocking icecream. Although last time I passed by there were two ice cream vans. I am hoping he will give us an update on which one is best unless he has stuck with his normal provider and shunned the other. Maybe I should have two ice creams ..... dyor and all that.
Friday 19 January Standard Life (SL.) will release 2015 year-end results on Friday, and after outperforming the falling market, Panmure Gordon reckons the company's small annuity book and diversified asset portfolio will underpin further market strength. Valuing the shares at 433p, the pensions and insurance provider has significant upside, according to analyst Barrie Cornes. He's upgraded his recommendation from 'hold' to 'buy' ahead of the results. Pencilling in total group inflows of £8.1 billion and assets under advisement of £306 billion, improving momentum in the second half should take operating profit to £605 million, flat on the year, says Cornes. He expects a 7.5% boost to the final dividend to 12.29p, which will take the full-year dividend to 18.31p. "The shares have fallen in line with the rest of the sector, but has outperformed on a relative basis, driven by a number of factors including the relatively small annuity book and therefore potential exposure to corporate bond defaults," adds Cornes.
Oh the wisdom of that crystal ball. Gerry557 (and Bonz57,not heard from you for a while),I agree your sentiments. I am a LTH and acknowledge the vagaries of the market. Just ride it out. I also love the analogy between the falling knife and flying rocket - must remember that one! I have always said that, < £3.30, then buy SL, and that is exactly what I have done this week. Buy if you can afford, otherwise Hold. I may well be down today and may well be down for several days or weeks (or months!) as well as many other are holding financials, but I have no doubt that SL's Dividend will put that bi-annual smile back on my face. KTF.
in here now. It been a while since you could get that here. I can understand that being in financials this is following the market down but its been increasing it divi every year and I see no reason to change .........just yet. Still how much longer should you wait to catch a falling knife that might return to being a flying rocket just as quick.
I think it has more to do with money and asset flows and BREXIT. SL. earn commission so less assets means less earnings. Markets generally have been down so AUM will be down too.
you are right what u say but I think SL have got a lot of shares in a oil company which I think his shell so that might be one of the reason's plus fts well down
Winter floods?? More research needed before you invest me thinks. SL are not an Insurance Company!!
This looked a promising share to get into last spring. Was it the winter floods that have caused the nearly 30% drop in SP or are there other factors I don't know about? I'm beginning to think I should have taken out insurance against this investment.
Nice to see share price up today ,hoping the may be the start of sl moving back up more again , had considered selling some of sl to buy pel shares today ,then I thought sl is a share I going to keep and hoping this share price moves up more as 2016 progresses
Same goes for BA. BG. BP. NG. UU. and I'm sure many others. Oddly BT is BT.A Wishing all a prosperous 2016 whatever shares they may hold. ATB
Been like this for a long time now as is RR.
Standard Life's ticker is SL.
When typing in SL on share price search, Standard Life not showing......................
Not a holder of Aberdeen currently, but have been watching recently following the fall in their share price. Will take a punt at £2.80 (ish) if it gets there again. Holder here.
Hi all, Wondering if any Standard Life holders have a stake in Aberdeen Asset Man? I know there is added risk with them due to emerging markets, but am sure we all have IT's with EM expossure? Its hard to catch a dropping knife ...But if we take a 5-10yrs view maybe it'll be different.
Do SL have enough in their coffers to withstand a financial crisis?
And no posts..................Were all relaxed.........................