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STAN Standard Charted Bank....... Breaking up on the chart and aided by shorters buying back stock. http://content.screencast.com/users/marketsniper/folders/Default/media/6b384bfd-8389-4d87-adb8-2d0e184ff7b6/stan%201.jpg Standard Chartered PLC STAN BerenbergBuy 469.98454.85 750.00 750.00Retains 750p SP target
Well this has certainly made a strong and steady recovery from recent lows....it certainly looked well oversold.
Hi Fruitster, Thanks, as they all count over time. I agree, more volatility across the sector seems likely. Ditto with previous comments that STAN & most banks seem well oversold, with most negatives priced in. But for now, fickle sentiment remains a main driver. That said, it'd suit me fine for this to consolidate a bit, then go much higher. I never like to dally with leveraged positions for too long as, though I've done well with leverage in other stocks like ANTO, it can of course go wrong. For eg. I also have 3 leveraged ANTO longs well underwater. Cumulatively, thousands of pounds down at one point. We appreciate leveraged paper losses can be quite different over time from paper losses held in real shares. - Though ANTO recovered substantially in recent weeks, I still don't like to take much for granted in short-term. Regards.
Excuse typo in thread as 413.86 was position closed. - Cheers.
Reasons: premeditated target more than reached - day high so far, 436+ on recent spike. Another 20+ pts here too good to refuse in barely a few hours, whatever happens next. Remain long @466.96. Would re-enter on any sizeable reverse. - GLA.
Thanks Fruitster, I agree. Also, glad to read you're still holding most of your MRW's for higher targets. The Amazon deal has obviously pleased markets, so maybe we'll see some consolidation there for now, then much more upside later. But also well done no less on booking some more profits there, too! We know one can never take too much for granted for very long in this game, especially when sentiment remains fragile. Too many variables in stock markets. Particularly so for banking stocks heavily reliant on global data. Taking profits never to be regretted. Little wonder that of UK banks, LLOY's has fared best recently due to its focus being entirely on retail banking & UK-based, so far less risk. But potential upside for STAN as a L/T recovery play is excellent. Ditto for HSBC & BARC. Before that, we need better data from Asia & commodity values to improve, especially oil. Whilst cuts in oil production seem some way off due to Opec nations continuing war of attrition with US shale producers, most Opec nations are already hurting badly. Even Saudi Arabia. So this internecine price war is finite, timeframe being the biggest uncertainty. Let's hope BARC's results tomorrow can lift the sector. If so, STAN ought to be back to over 430 fairly soon. ATB! Catch you again later.
Reasons: today’s open left a significant gap at 430 from Friday's close. Also, SP retreated enough for me to once again average down my original buy. Overall, I still feel this has been oversold. Target on this: circa 430+, but revisable. Main goal is shorter-term, mostly due to poor sentiment in macro climate, uncertain recovery time for most commodities, etc. - GLA.
PS: Also well done with MRW's. Pleased to see an excellent rise for that today. SP back over 200. Hopefully that can at least consolidate some of those gains, before making more progress later. - Regards.
HI Fruitster, thanks. VG points as usual & interesting background you have with STAN. Not that I disagree with you regarding prospects for much later, however, due to having significant investment with banks elsewhere with real shares (BARC & HSBC), any leveraged trades that show decent gains are grabbed accordingly. Especially in this climate. That applies across the board with leverage for a few reasons.. Partly due to some leveraged positions having expiry dates & I try to avoid rolling over positions, but mostly because I consider that the fragile macro climate, Asia & commodities may take a while yet to recover. So much global uncertainty, to which investment banks like STAN are like a barometer, even if the selling looks well overdone. All of us can only stay true to the approach that works for us over time, though there are different ways to be profitable. But my interests in STAN were always purely for trading & then to move on. - ATB as usual!
Reasons for booking profit: macro climate remains uncertain. Also, 23+ pts in just a few hours is too good to refuse, considering my existing long here at 466.96. Would re-add at sub-400. - GLA.
Add to my first buy (posted here 28 Jan). Reasons in brief as pushed for time: whilst averaging down, catching falling knives, etc. generally not recommended, IMO, there are usually exceptions, esp when a stock is near a L/T low. Also, in general, limited averaging down has worked out fine for me over time. In short-term, little without risk here or in wider banking sector. But, IMO, most bad news seems priced in around these levels, with the recent 373+ low likely to form a base, even if we revisit that level. Targets revisable, but if I can close both in overall profit, I may compromise on my higher buy. GLA.
This undated BOND has a call date on the 11th May '16. Does anyone know if they are going to call the bond? Or how I might be able to find out? Thanks all.
Railroad, 2016 still going to be bumpy for STAN so it is a case of buying and putting in the bottom drawer for a couple of years ...I think the CEO knows what he and his team have to do and where they want to position STAN ....I think mid term it should improve...I grabbed a few too...I will just forget about them and see what happens If things get much worse then there will need to be some sort of Chinese stimulus or ECB or FED stimulus ...
bad news is out the way ! im in at 380p more chance of reward than risk i think but these are uncertain times gla.
as expected were poor although others seem to be expecting more. I suppose the word "ouch" might be a good way to describe it. Its almost like its Bill's first kitchen sink job except its not. Divi cancelled although they state "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." I suppose its common sense not to pay a divi when you have gone cap in hand to your shareholders. Still its about the future and I think this need more time before anything positive will come out. Return on Equity is virtually nowt, the divi is nowt lets hope the share price doesnt become nowt. Well they say buy when there is blood on the streets, are we there now I dont think so. Mr Market has been kind of late who knows where this would be on a down market. Maybe we need to here what the board have to say going forward lets hope Bill earns his big bucks!
Not really The answer is with the oil deal ....hope of oil cut yesterday pushes it up and no oil cut today pushes it down as the risk on more bad oil and commodity loans comes back ...
How can this stock increase over 5% one day and then tank 7% the next!!?? Bonkers!!!!
downtrend resumes
Banks on rebound and think this sp will move slow but gradually up next week!!
whether enough bad news is built in...I have met plenty of bankers, and would trust none
good posts...doubt any outsider can be confident about quality of their assets and hence capital adequacy ...yes, they have more capital...is it enough? Who knows?
how much further could this fall?,,,,,,,,,any one,,,,
Oil market exposure Standard Chartered is also at the mercy of the oil markets as it’s suffering from what CEO Bill Winters has called a legacy of “growth over risk discipline”. His policy of quantity over quality is now coming back to haunt the bank. A spike in losses on legacy loans is eating away at Standard’s capital reserves. As I’ve written before, City analysts have estimated that around 20% of Standard’s total loan book is linked, directly and indirectly, to the commodity market — approximately $61bn in dollar terms, roughly 140% of the bank’s tangible net worth. Of this $61bn, around $25bn of these loans are to the oil and gas sector. A sudden spike in loan losses could wipe out Standard’s equity value overnight. http://www.fool.co.uk/investing/2016/02/03/is-there-any-equity-value-left-in-anglo-american-plc-standard-chartered-plc-and-gulf-keystone-petroleum-limited/
the ri price was 465 its way below that its taking a battering ill wait and see were it levels out