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The way this has been yo-yoing recently has encouraged me to do some short term trading with the intention of buying when under 450p and selling near to 500p. bought a week ago at 433p and sold today at 520p. Now waiting to buy back in again on the next drop.
I bet those who took Investec advice to sell are truly annoyed. I have read and re-read so called advice with shares over the years and now only do what I think is the best - of course I get it wrong, but I am encouraged that professionals are no better. Come on Stan, can on the upward trend - I am still well adrift of what I paid (following my own advice of course)
Closed at 474.34 for just under 10pts. Reasons: poor entry, STAN already gained near 6% today, I'm generally over-exposed to banks & more volatility anticipated for this sector. Unlikely to re-enter until I settle at least one of my leveraged HSBC longs + 3 in ANTO still to be resolved. This completes my STAN trading. Overall, despite some slow progress, bagging a total of 125+ points here on a stock with strong resistance at sub-500 is decent enough. - GLA.
Commodities and oil gains today on the back of the FED holding back on the interest rate pedal, despite the fact that inflation appears to be on the rise...the oil price and generally lower energy prices are "hiding" the picture of price rises elsewhee in the US market which may gain further as the affect of the minimum wage rise grows... Whilst QI profits may not look too great in the US I suspect there may well be a bounce in the Q2 figues The eye is on the dollar for the moment and US consumer spending figures going into Spring... Holding STAN for now...see how the Dow Jones reacts later today...
Settled for another 22+ pts. Reasons: reducing as general market rise seems more to do with Fed's comments confirming staggering future rate rises, than anything else. Also need to be out. Still hold @ 464.57 for higher targets. - GLA.
Poker Appreciate the info So a big " dont bother here " then ! Thanks
RNS 23 Feb 2016 Dividend In light of recent performance and the newly announced strategic actions, including the £3.3 billion rights issue completed at the end of last year, the Board confirms its previously announced decision that no final dividend will be paid for the financial year ending 31 December 2015. The total dividend for 2015 will be 13.7 cents per share as declared with the half-year results and paid to shareholders on 19 October 2015, and as adjusted for the rights issue. The Board recognises the importance of dividends to shareholders, and believes in balancing returns with investment in the franchise to support future growth, while preserving strong capital ratios. The size of any future ordinary dividends will be a function of future earnings and our capital position relative to regulatory and market expectations. Subject to these factors, the Board intends to declare a dividend on Ordinary Shares in respect of the 2016 financial year.
Can someone advise on the current dividend status ? I am reading conflicting data with the last X dividend date as 10/03/16 payable 11/05/16 @ £0.00 , payments in 2015 were paid in October @ 9.24p as a follow on to May @ 37.55p, according to the LSE fundamentals table we have a dividend yield of 10.06%, with other provides @ 9.8% Is this figure still valid and is it sustainable ? this current sp looks a good entry point although just after x dive date to be expected Appreciate some feedback and your thoughts guy,s
Exactly jackdawsson, you got it, except should be "a LOT of a racket"!
http://www.digitallook.com/news/news-and-announcements/stanchart-shares-plummet-on-read-across-after-anz-warning--1091035.html StanChart’s exposure to the commodities industry stands at 6% of its total assets.
You also have to take into account the stop losses that get triggered on a day like today which assists the drop further. A lot of PIs use them as they dont watch the market ...the sytem plays into those stop losses. I jumped in at 435p today even though i had more or less decided to leave it until after the holiday...temptation gor the better of me as it eally did seem like a gift at that price....time will tell ....
Blue2guit, I haven't got the answers, as no one person will. Though sentiment-driven behaviour & increase in HFT bot-traders won't help. End of the day, we don't have efficient markets. Otherwise, fundamentals would count for a lot more. Instead we have irrational markets &, frankly, a bit of a racket. Then again, if investors behave like lemmings & sell at huge loss near L/T lows, which many must be doing on a days like this, are we that surprised? - Regards.
The market cap is only perceived value, this can be artificially high or low. What a company is worth is rated in a lot of different ways, the only problem for us PI's is working out if the market is rating it too highly or lowly and taking advantage, with the city guys knowing a day or week before us...that's the difficulty.
How the fook can a major international FT 100 bank lose a twelth of its value in one day, on no or next to know news? I think it is impossible to deduce sensible stock trading policies these days because its all like one big AIM casino now, and its impossible for the PI to win. In a few years time it'll be the stock exchange markets and market makers being investiagated. It will make all other scandals such as FX / Libor etc manipulations look like a storm in a tea cup. The wild swings in the market in no way relate to economic reality any more. I am ready to curl up and die (not really)
FWIW, for those interested in TA, STAN had a previous gap at 431+ left from 1st March. Next day opened at 438.65. That gap now filled with today's 431 low. I mentioned it before, but back then it seemed less likely to be filled so soon. But extreme volatility seems par for the course here. - Regards & GL.
Poker, Thanks. VG points. Despite my previous comment, added as it now looks seriously oversold. Well over 8% down, 436+ day low. Can't see the justification for it, despite more jitters in Asian markets. By the by, all other UK banks down by far less, suggesting a lot may be priced in with those. - Regards. Catch up later as off out.
Jack You are right more volume hee than expected and plenty of the same "concerns" resurfacing as they do in markets without clear direction...dollar strength, Fed interest rate call, oil price slip, China next trade figures and no doubt Q1 bank figures.... I havent jumped in yet and may indeed leave it until Tuesday and take another look then. I agree with you that the SP will recover to the previous 480-500p but not today ...good luck to you and enjoy the break
Hi Poker, Thanks! Belated reply as I'm away from desk in spells. This remains a hard one to call, for many of us. Not least me. So far over 7% down & 442 low. Volume also not as low as we might wish. Already well over 6m v daily avg 12.04m. No major concerns though. Presumably some are reducing before the long Easter break due to Asian jitters. But I'm fairly confident we'll recover all of today's losses within weeks. However, I'm unlikely to add for now, if at all. - Regards & GL.
Sorry I meant 450p or there abouts
Could be just a pre Easter sell off , aided on by slip in the oil price where again traders could be taking profiits.... volumes should be low with the long holiday weekend around the corner... I will just sit and watch before I decise to jump back in ..150 being the base I think
Poor timing. So far, STAN being hammered even compared to other UK banks. Over 5% down today. Won't add in this climate. - GLA.
Re-entered as premeditated on anticipated reverse. Target revisable as this highly volatile climate likely to continue for some time, not least due to uncertainties over Asia. - GLA.
Well done all those still holding + those taking profits. Great rise to 505.50 day high, closing 493.90. STAN's highest close since15th Jan. No complaints here as I had to be out mots of the day & wanted to close my latest leveraged stake in STAN before the weekend anyway. Who knows what next week brings. Hope it goes higher for those still holding. Would only be back if sub-470 seen. GLA.