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Is this due to the latest Brexit polls with a 51% to 49% in favor of remain. I suppose this might change tomorrow if the result is swapped but which ever way it goes, being this close is not good news. Half the country is going to be disappointed. The breakdown of the results might prove more interesting and Im sure this will be next weeks "noise". I am willing to chew Tunes steak, whilst hoping Sids advice to buy low as possible works out. Decision tomorrow but I need to decide myself today ................ pass me the dart board!
Thanks Gerry557. A Picanha is 3km from where I'm staying. Have printed off route and may well visit. Thanks again. I daren't eat steak any more (Dentist Orders) but I'm up for any fish so shouldn't have a problem in Lisbon!
I expressed similar thoughts on the when to top up. You have to pick a jump point and Im not good enough to pick bottoms all the time. This is balanced with other considerations like if I wait a bit longer it might get cheaper or if I wait too long I might miss the bus. Still as long as your buying nearer to the bottom that the top your going to be doing ok. I always struggle knowing when to sell. x5 years income would take me to 394.8p and its been 480+ but I suspect I will just keep collecting the divis whilst all is well but only reinvesting here in situations like we have just had. 330 now feels "expensive" but it was the ipo price. Other considerations include having capital, other bargains, PF percentage holdings etc. The top up is looking good today but it wasnt the day after I bought and maybe a Brexit will knock it back again. What price then? Goose, any hindsight decision always makes you think that you could have done better, just like if you had only picked some better numbers on the rollover. (will we be allowed to do the euro lottery if we leave?) Bookies say we will stay in. Tune, I suspect we should follow you and sit it out whilst having a nice steak, A Picanha has been recommended as worth a visit. SP still rising ....
Thanks Goosewing, just picked up my €s but I put more faith in Monopoly Money.....
As tempting as the recent low was, I am going to stick with just my free carry shares and observe the next move or two. Going to be interesting, looking like I may well regret not buying at under three but there we are. Hope you have a Grrrreat Big 65 in Lisbon Tune - and warm sunshine - lovely.
You echo my thoughts. Although I am on record as saying this is a BB for SL, I shall make reference to the In/Out Campaign for the 2nd time only. The EU referendum is just one factor influencing markets and economies. As my FA advises, global factors such as the European and US recoveries, and China’s slowdown, will have far greater long term impact. I have been further advised that against the uncertainty of investing in markets, Investors need to be prepared for some further volatility, but history shows that such short-term periods of uncertainty are an inevitable feature of stock market investing and historically, markets have always recovered. So like you, whichever side emerges victorious after 23rd June, in the long term, it will always be a Win/Win for SL Shareholders. I did top up quite a bit last week when the SP was £2.97 but my "profit" as at today is only a paper profit. The real profit is come Dividend Day which has paid for my Big 65 in Lisbon later this week, the day after the Referendum.
be seen with share price some time after vote is over , people who have sold shares from start of EU debate and may still be selling may be thinking of buying again when ever vote is finished ,that my plan and have talked to others who also hoping to move back in to buy shares for as low a price as possible , for myself and some others have talked does not matter whether leave EU win or remain in EU win , plan to reinvest at as low a price as possible
WiganWarriors - sorry for the delay - but Do you know where the expected profits doubling was quoted ?
As well as the 5% unemployment - the figures also highlighted Another 55000 in work - so a decent chunk of new pension holders to be chased after by the financial co's to increase their profitability Wages up by 2.3% - 2 % above inflation - so 2.3% more into existing pensions - increasing commissions - and 2% money free to go after to sell them other financial / savings products - or bump up their pensions. Shame didn't quite hold on to the highs - but after last couple of days - a blue close is just fine.
(despite the fact that the EU referendum is, whether we like it or not, linked to the success of this company) **************************************************************** I disagree, it might have an effect, like the Scotland issue might have but they will just have to get on with it and make any necessary changes. Its a global world and once the goalpoasts have been replanted, SL will just adjust its aim. The Pension changes did the same but were still here. We may or may not have an EU sub unit soon. The SP has fallen due to the uncertainty as you say because everyone sees problems only and miss the potential that the company has to to adapt.
Staying on topic then (despite the fact that the EU referendum is, whether we like it or not, linked to the success of this company) I will continue to top-up shares in SL.. The dividends are great and the SP has only really fallen (in my view) because of the uncertainty surrounding in or out of the EU. Once the dust has settled the SP will recover regardless of the result. But in the long term, the business will benefit if ordinary working people throughout the UK have a bit of money in their pockets and have the confidence to spend it without the continual fear of losing their job. Fear results in consumers becoming savers. Most companies, including Standard LIfe, benefit from us having the confidence to invest in markets and to provide for our retirements. If we stop buying their products then revenue and profit falls then so too does the dividends and the SP.
But at least - not this morning - well not yet. And 5% unemployment - might keep it blue - at least for today - if well received by markets. Doubt if yesterday's retail swing in US will be enough to persuade Yellen to jump now - but maybe help her hint at July - which might help banks / financials next week - after yo know what. Looks like the markets are bouncing back a little from the last 3 days of frantic selling - might not last - might be waht is it they say - a dead cat bounce - but rather see a little resistiance and blue - then yet another see of red. Not going to see losses wiped out in short term though - possibly not even after next week.
That's quite a tumble in a little over a year, maybe two something before she's finished. Dividends are good here though, had a lovely barbie - when does summer start?
http://www.bibeypost.com/standard-life-plc-on-focus-after-gap-down-in-todays-session/
Ftse expected to be up a tad this morning, so maybe "expectation" is catching up with the polls and scare stories. Others say they are waiting until after the event. ........ suppose it makes a market. I think my question is when to do another top up or if to do a top up. Better things might appear also. Reinvesting divis and compounding them over time is supposed to be good for the bank balance until you have enough, can you ever have enough? Enjoy your trip ....... will you be able to get back into the uk on your return?
Gerry557, yes you are right about the openness of all BBs and I shall ignore all postings I consider to be irrelevant to SL. You do indeed pay your money and take your chances!!!!! So I have made my mind up and the first chance of a dip <£3.00 tomorrow I intend to buy more! It is, as you rightly say, about the next few years and the (so far) healthy Dividends along the way. The final Dividend last month has paid for my 5 days in Lisbon next week.
Tune, I doubt you will get your wish on bb postings. It is free and open and has off topic message types in the drop downs. It would be nice and you can ignore if required. So much for the buy, its looking like I should have waited longer. You pays your money and take a chance! Still its not about today more about the next 5 years or so and a few divis along the way. I cant share my views yet as I do know them.
I should have had the sense to sell out a couple of weeks ago like many others ************************************* Sell in may ..... yada yada yada. Maybe there is something in it after all
Although my post at 11.00 a.m. today made an oblique reference to the upcoming Referendum, I now wish it hadn't. It was only to hint/suggest that such SP uncertainty generally is inevitable given the exceptional times we currently find ourselves in. We all know that markets do not like uncertainty. But surely this is a BB about Standard Life isn't it? So please let's not go the way other BB's have gone and find it being hi-jacked by either Inners or Outers so that either camp can be given the oxygen of free publicity. Goodness knows we have reached saturation point on TV with the Referendum. So in a nutshell, I would love to see this BB continue in the vein it was created for, i.e. informed, intelligent debate, views and opinions about SL. Let's keep our political views to ourselves....please!
Many people, myself included, have observed about the many similarities of the 'Project Fear' tactics adopted by the 'NO/Remain' side in the Scottish independence/EU referendums. Don't be surprised to see some exciting and compelling (yet ultimately vague and non-binding) promises of more powers/concessions for the UK at the eleventh hour. The only thing I would take issue about with you is that free movement is a red herring. The people who most strongly support Brexit are on the right of the Tories - Patel, Fox, IDS...and then there's UKIP. Immigration is a red herring and what Brexit is really all about is making it easier to dismantle employment rights, human rights and the welfare state to transfer even more money from ordinary working people to those that Fox, Patel etc. (including Rupert Murdoch) represent. Do ordinary people really believe that Ian Duncan Smith gives a toss about immigration? This man would want disabled Polish children sweeping chimneys if he could get away with it (and if we still had a need for it) - if there was a few more quid profit in it for him and his like. The EU is a Capitalist regime - but it is still far further to the left than UKIP and IDS's chums. The EU has implemented rights and frustrated the UK right. That's what this is really all about; but such truths would never win a referendum. So blame all our ills on Johnny Foreigner and stir up racial hatred among the masses. That'll do the trick. Last minute promises worked for the Scottish referendum. I fear it won't quite make it this time.
Do you really think the bear run will last to 23rd - another 7 trading days ? Some shares lost 4 or 5% today - in the 250. Others have been losing 2 or 3% daily for few days. So certainly hope not at this rate. Thought the Brexit case was oversold - and the current reaction - was hysteria - but I guess I have to accept I am wrong - and that it is real and bear market could continue. I should have had the sense to sell out a couple of weeks ago like many others - but never thought it would get as bad - and now just riding on with my losses. Fix - Sure Maggie could have delivered it All that would be needed is a bit of real statesmanship from Cameron to go back to EU - and swing this vote back to remain - and end all our pain - to secure a few proper changes. EU politicians are quaking in their boots - not because Britain may leave - some have in the past openly suggested it (when we didn't join the Euro) - but because it will embolden the millions who oppose their centralist agenda within the EUROzone itself. So perhaps the EU could be persuaded to accept free movement just within the Eurozone - rather than the potential collapse of the Eurozone and the whole EU project - that they so fear Brexit could deliver. Cameron would win the referendum - achieved real reforms - that many on the right and left would applaude him for - and secure a place in UK -EU history - an act comparable to Maggie's rebate. The fact we do not appear to be taking advantage of this leverage - shows what a timid nation we have become.
while I still holding my S L shares , I am sitting with cash to buy more shares here and at different shares when voting is finished , some people have sold across the markets hoping to make money buying in at as low a price as possible when voting is finished ,have done that myself with some shares not with sl ,hoping 2016 may end a better year for share prices
Tune, Happy birthday in advance! I suspect the changes will be very little whichever way the vote goes although it might have an impact on SP short term. I also agree the SL, along with many other companies will be fine longer term as they adjust to whatever way the wind blows. It planned to move aspects from Scotland so an EU unit will be fine. After all we pay good money for the top men to deal with these sort of issues. Still only a few months to Oct and some return via that divi. Who knows what we will be doing then. I might read this post again with the benefit of hindsight. Anyway off to clean my crystal ball.
Gerry557, you share my thoughts entirely. I have said for some time now when the SP retreats to under <£3.30, then it's worth buying more. I did buy more a few months ago. Now we are in exceptional times (i.e. Referendum) and I have been deliberating for a week or so now whether to buy again. I kept saying "wait until it goes to £3.20", then I said £3.10, now I am saying <under £3.00. It is difficult to guess how for this Share, and many many others will fall up until 23 June and we will all know the outcome the following day (when, incidentally, I hit the Big 65 and will be out of the Country! Whatever anyone's Buying point is, of one thing I am certain. Whether the UK votes IN or OUT, SL will bounce back. Of that I have no doubt.
Brexit concerns hitting shares. Should we wait until after the result to buy our shares? Well Ive topped up some this morning on the dip. I suspect it might fall more but I might wait too long and miss the boat. 303, reminds me of an old gun! That reminds me, Dads Army to watch later if I get chance. Hopefully it will cheer me up if my top up is not as well timed as I hoped. If we end up with Brexin, the uncertainty should disappear and this should be good for SL. SP although Im really in for the 6% and growing divi. Oops its still falliiinnnnngggggg!