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yes, its quite a lot lower! The RI was 475p. Not been a good day for STAN. I hope its over played. Have the Chinese Govt got there act together? No body knows for sure at the moment. Certainly there's a lot of fear at the moment, and that is really keeping the SP down.
Is the SP now below the RI option price offered earlier? I can't remember what they were offered for.
I would guess....growing number of bad loans sitting on their books.....which the rights issue money will be sucked into mopping up, no doubt ...
keep tanking 440 unbielivable
can see this testing £4 if not lower...as RI takers derisk into weakness ...and indices in general have a long way further to fall...esp the s&p ..imv
Speculative SB long. Will take time to fix this, but lots of upside potential from this level when the tide turns. - GLA.
I thin your points are spot on Pokerchips, but would a devaluation of the Yuan really cause havoc? My logic would be that it would give the domestic economy a boost? Suppose it would effect those with dollar denominated debt though! I have built up a bit of a holding here, with a long term view, so its interesting to hear what people think. GLA.
2016 seems to be a year where costs are likely to be high and revenues subdued...any recovery looks more likely in 2017 to me.....right issue cash seems to be to pay for thousnads of redundancies and compliance rather than grow the business. Tipping this share is just a guess..nothing more....in my opinion A lot of expectation on the new CEO but he is unlikley to perform miracles against a challenging Asian economic backdrop... and one has to keep in mind that if the Chinese devalue their currency all hell will break loose....and not even a new CEO can save a share price if that happens ...
Since the Telegraph and Independent tipped this its fallen heavily, is that due to the potentially bad loan ratio or is that priced in now? Even if its priced in will bad news on that front depress the sp further. There is huge value here but when to get in is the problem.
price fast approaching, for those who missed out or wanted more
Tips for this year independent
The Telegraph's share tips for 2016 2:44PM GMT 26 Dec 2015 http://www.telegraph.co.uk/finance/markets/12069867/The-Telegraphs-share-tips-for-2016.html Against a backdrop of plummeting oil prices, the prospect of higher interest rates and the uncertainty that a Brexit vote brings, our experts pick out the companies best positioned to weather the storm and deliver a winning return for investors in the year ahead
Agreed - I think DBS at similar MV to STAN is too small a player to takeover STAN - however the market reaction to sp indicates that perhaps a larger bank might be sniffing around, my money would be on a large Chinese bank looking to expand globally especially if they want the Renminbi distribution capability - strategic value.
http://www.reuters.com/article/us-stanchart-clsa-upgrade-idUSKBN0U10A120151218 Not sure about this!
there may be headwinds but there are also green shoots of recovery in EM which could make this the ideal recovery stock - 5% yesterday and 6%+ today indicates a change in market sentiment IMHO
"SINGAPORE (Reuters) - Temasek is willing to give Standard Chartered (STAN.L) time to work on its turnaround before deciding on the fate of its underperforming $4 billion (3 billion pounds) stake in the UK bank as part of a portfolio reshuffle, people familiar with the matter said." Should help holders out a bit..
imv...plenty of headwinds in prospect
Indeed - has been way oversold IMHO - JP has a 79% upside on their target price - now that would be nice for the new year
seems to be breaking through resistance at 490. Anyone with technical view? Resistance is futile?
I strongly hope this is somewhat similar to what happened to Barclays in 2007-08. When it hit's the floor, off we go to the sky. A bit optimistic lol
See my post last tuesday for accuracy. I am now of the opiniom this share will continue to drift to 425-435 before stabalizing.
some back of the envelope calculations: Book value ps about £11 "medium term" target ROE is 10% i.e. eps of 110p = 10% ROE PE ratio - say 10x.....10X110 = share price 1,110p when (if?) ROE reaches 10%. This implies 128% upside in the "medium term". 5% or 6% ROE in 2016 implies eps of about 55-65p. If you assume market will accept a PE ratio of 10x for this thing, we are talking about share price at 550-650p next year. Just my calculations, assuming of course SC delivers the goods....and nothing more goes pear shaped
discount almost gone now, maybe they will get cheaper than the discount price after all. Wont take much to knock it back less than todays fall will do it. Looks like the santa rally is still looking for Rudolph the red nosed reindeer to light the way. Does Jannet Yellen have a red nose?