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Im not sure that second milestone counts as that particular final was for part of the year not a whole year. Cant remember the blurb SL said the divi would be equivalent for the year. Might have to google the original prospectus.
Well your second milestone has already been reached!!! 2006 Final Dividend - Paid 31/05/2007 5.40p 2014 Interim Dividend - Paid 21/10/2014 5.60p Onwards and upwards!!!
MA03, always nice to get another divi in the bag. Im waiting for the following milestones, interim doubling and interim bigger than initial final. Well you have to have something to look forward to!
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grahamsturman, I assume you meant now! Although I think they have been performing well for some time although its not always reflected in the SP. Divi rising since IPO and has been a lot more stable than the SP. Still a bad news story, broker downgrade and a market wobble all at the same time can be useful when you want to add more at a relatively cheaper price. Maybe there will be more opportunities later such as the next round of Brexit talks when there is some meat on the bone.
this stock his beginning to perform well know
It appears that the Brexit fears have been put on the back burner or the metrics were much better than the SP elluded too. Even my pre Brexit top up is looking good. Whats that saying about pride n falls?
for me was the increase in the divi. Interim almost paying what was the main when she started. SP picking up from post brexit. Now if only she had hit that 250 mark I might have a bigger smile on my face.
NICE BLUE FINISH and hoping more blue finishes may be seen and that more buyers may look at SL at the current share price ,have also recently invested in STAR which some posters have posted may be the share of the summer , SL hopefully may be one of the other shares to see a nice move up with share price , be interesting to know how many investors may be watching SL and see the potential for a move up with share price
great day for SL. today, the were mentioned in the Questor tips column http://www.telegraph.co.uk/business/2016/06/29/questor-share-tip-buy-standard-life--as-shares-are-oversold/ Just out of curiosity do you have some analysis that points towards £3 & £3.25 as a fibonacci levels or something? Or is it just a number you picked? Because I have got 288 301.5 314.1 & 329.75 as resistance/support. All looking pretty good here atm
Would be nice to see her stick above 300p. If she does 325p my next target.
For example Gerry557 https://www.share.com/find-investments/advanced-finder/company-overview/standard-life/financials/forecasts/8418/
I dont know where you found that consensus GaryJ but it would be consistent with previous rises. Im hoping the trend continues
Consensus seems to be an interim of circa .6.3 p against 6.05 for last interim....
Thanks for that quick summary of cover on divi. I topped up with 900 more this morning. Equal weight in portfolio
SP is some 40 -50% off its highs also hence why that yield looks toppy but I could understand those who bought higher feeling aggrieved as for most people its the SP rise that is all important whereas for me its compounding those divis which have not been reinvested as the SP was too high.
From memory cover was approaching 4 times although Brexit was seen as a spanner in the works. It still could be but after the initial panic post decision people are coming around to the fact nowt is likely to change for a couple of years at least. In the mean time we have a brexit board, who hopefully can negotiate something workable and how should be able to give indications how they see things progressing. Should the worst happen then it will be up to SL. to sort out its own future, EU division? Independent Scotland in the EU, the mind boggles at what the future might hold. I suspect it will be something in the middle of ideal and worst case and the world will keep revolving and those divis will keep coming in, even if the growth gets set back a little. We might end up being big in China instead so might have to start keeping an eye out on even more FX rates
Having had the final results Start of year and CEO and finance director confirmed that the dividend was '...well covered by surplus of £2.1bn I think anyone should fill up on these and forget about for few years...
Im in the same boat, I have held SL. for few years now but bought a decent amount the on the 21st of June, then had my hand forced on 24th of June to buy some more, im happy with the company, the dividend and the prospects for the future.... its just a case of holding. I think the financial sector took an unfair battering from the leave vote, im not saying it wasn't due a re rating however I believe the last 12 months saw a steady decline pricing in the Brexit risk and I there for believe any where around the mid £3 level is fair value right now. As for the TDF that was just madness, turned into a cross country sprint! The Brownlee brothers will be racing next year, without bikes!!!
derivativetrader, I'd keep that cap on. I topped up before Brexit as I thought they had already gone too low and added another after the post Brexit fall. I was on the point of a third top up when she turned. So maybe a dunces cap for me. Still the pound is up and that first top up is now only paddling underwater instead of swimming but I was really after the divi income anyway which isnt bad for both top ups. Still a lot can happen by 19th Oct and lets hope Philip Hammond is the safe pair of hands that they make out. On the subject of anything can happen, Froome running up the mountain without a bike in the TdF wasnt expected either. Lets hope that gets sorted.
Gerry I don my cap to you sir! You were right about the rate decision! Just reading the minutes now and it looks like they expect the economy to ease in August so it would seem they have kicked the can along to give them a bit more ammo in the coming months. SL holding up well (along with the other financials) as would be expected on the back of this decision.
I think they may well cut the rate, it will give the new government a sort of illusion tactic moving forward. The BOE missed a trick over the last few years in the fact that they didn't rise rates once as the economy picked up, this has helped the market but it has given much less room for manoeuvre regarding stimulus if things took a turn for the worse. Dropping to 0.25 is risky in the sense that there is really only another 0.25% to play with however it allows them to raise rates quicker on a forward looking basis (even if its only back to 0.5%) which will give a sense of improvement in the economy whilst the European block will still be fighting to lift off from 0% based on the fact they have no more stimulus left in the bag. For this reason I also think we will end up with a good deal regarding trade and passporting as the EU will need our business to add any value they can to their economies. Regards your £3 comments, I think that's only a matter of time, £4 not out of the question. And who knows, with Osborne doing his rounds at the moment SL could end up with a bigger market than they had before. So from this terrible SP movement of late the future looks rather bright.... once the dust has settled I'm sure others will realise this too.
I'm not so sure about the rate cut, with a new team in cabinet expected today it might be prudent to do nothing but keep "talking" the cut, thus giving time for the new man, or woman, assuming were getting a new Chancellor of the Exchequer to get their feet under the table and give some forward guidance of their own. Whats another month anyway. As for the SP going above 300, well I expect that anyway. It was a large over reaction to market noise that took it down and when those divis start stacking up in your ISA and the noise has become a hum, this will find a more appropriate level. We are still talking a couple of years before any real action on Brexit.
With BoE expected to cut rate by 25pts I'm expecting this to go to 300 shortly, longer term worth packing away in the ISA.