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Hello Tune, Floundered in the sense that it is down 6% since what looked like sound results late October. All but the last 6 to 8 months since 2012 the SP has been below or around £4. I have benefitted enormously from this share in the past and would have expected it to have consolidated around 440 or so. Alas what do I know. As you say a plodder. I am still a very substantial holder here and good luck to all holders here.
Not sure I understand where you are coming from and as a LTH would be grateful if you could expand on your thoughts. I don't see SL as "floundered since Oct 2015" or that "hovering around £4 is always precarious for this share historically". The first time SL ever recorded £4 was mid 2013, 7 years since de-mutualisation back in 2006. It then sort of nudged its way to £4 again in early 2015 and flirted near the £5 level in mid 2015 before settling back around its current level now. I am on record as saying that SL's natural level is probably where it is now and although it is a bit of a plodder, it is a reliable plodder and one which many Investors are probably happy with.
to have floundered since October update.Not really sure why but hovering around £4 is always precarious for this share historically. Hope it can move away in the coming weeks.
Hope to see a nice increase in the SP.......
Standard Life Plc 14.1% Potential Upside Indicated by JP Morgan Cazenove
next Wednesday hopefully followed by a sustained rise in SP.
...payment day.
Love your attitude re "plenty of time to make mistakes", which we all do! I have been in since demutualisation nearly 10 years ago and topped up since. Like you, I have always said that SL is a bit of a plodder but it is a reliable plodder and I am comfortable with that. When it dipped below £4 a week or so ago, I was tempted to top up again but for some reason I dithered (unusual for me) but if it ever does take a serious nose dive again, I shall be in there again!
Standard Life is my largest holding and I have enjoyed the divi,s and up,s and down s sometimes to my advantage. It,s a bit boring but this I see as my pension. I want you to understand that I am still a child in my 50's. So there 's plenty of time to make more mistakes. GLA.
Carpet bagged this 25 to 30 years ago, so staying put and enjoying the Divis.........................
Addicted to quack: Sir Sandy Crombie left a relay baton on the desk of David Nish in 2009 when he handed over the job of Chief Executive of savings group Standard Life. Mr Nish, an outstanding Boss, has promised to leave the same baton for Keith Skeoch, who succeeds him. The company, which announced half-year statutory operating profits had risen a decent 6%, now waddles and quacks more like a fund Manager, with fee-based revenue rising from 70% to 95%. Its shares trade at a premium to most peers at 18 times future earnings. Regulatory challenges are multiplying. Investors looking for an insurer unembarrassed by that title might consider Direct Line, which sells home and motor cover. In a scenario where Standard Life’s rating was set to converge with those of fund Managers, and Direct Line stock was to catch up with better-rated insurers, it could pay to sell one and buy the other.
Not a great reaction to the results, SP taking a bit of a hammering but I'm here long term, so the increase in divi is most welcome.
Twonko, The SP works independently from reality at times often on outlook and sentiment. The intrim divi, which has been rising over the years is now getting close to 30% more than when it first started and will soon come close to matching what was the total divi. Well it already has for 2006 but ....... I think you have made a mistake over the SP history and hopefully it will keep "splummeting" so I can buy some more on the cheap. I dont think the divi increase is desperation just continuing the upward trend and less volatile than Mr Market makes the SP. The expectation was for more hence the fall in SP today. Just need the Greeks and China to come back to the table and we might be quids in. I think I'm more in tune with Tune!
Twonko, Sorry but the SP has never been "over a pound higher" than what it is at the moment. The highest it has ever reached was £5.05 on 22 May. I guess we can all have a view as to whether Dividend Payments are a sign of desperation or not. I am a LTH and my recollection is that both Interim and Final Dividends have increased Year on Year since de-mutualisation back in 2006.
What's not to like is the plummeting SP which was over a pound higher not very long ago, the equivalent of 5 years divs. This may not be important for LTH's but it creates uncertainty and makes the div increase look a bit desperate. The management needs to get a grip on this Company. Even Lloyds Bank are starting to look more inviting and I certainly wouldn't plough too much more into SL at present. The SP may yet fall further.
...of results seem ok highlight for me was the Interim dividend up 7.5% to 6.02p. Consistent growing divis, whats not to like.
Would be very nice!!!
Recommend a buy....target £19.30....looks like pigs are learning to fly again
Just thinking... Does anyone select stocks based on buying the best stock in that sector and possibly the worst with hope the worst outperforms the best? Not saying it's the worst, but looking at Hansard Global ( HsD), with 8.12% div, currently at 10year low, with a steadily improving business... Holder of SL.
Willis and Towers Watson merge in $18 billion deal: Willis Group is to merge with Towers Watson in an $18 billion deal that will create the third largest insurance and reinsurance broker in the world.
...onboard along with a few other stocks I purchased this morning... Here's hoping Greece get help and accept retirement age of 36 is a joke!!! Can you believe Greeks get to retire at 36?
Thanks for your input... I will be buying SL. , GNK, more GSK / AZN, and either BA. or VCT. decisions...decisions!
...for this to drop a bit further. My return of capital payment is burning a hole in my pocket!
As a holder I have been impressed with SL. The divi has been good but currently only 3.6% but has been growing over the years. Maybe that premium might be whittled away a tad with Mr Market, Sell in May, Greeks and China bubble etc. With a bit of a market correction you might be able to buy some "cheaper" or less of a premium. Summer on thin trading days often can throw up surprises. Even if you pay a premium, as long as its maintained and with divi growth over the years you should be ok Lets hope were all ready when that window of opportunity opens up and that were not too fearful or greedy to jump. Good luck with whatever way you decide to go
No SL does not have large investments in Greece.