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A few people seem set on trying to destroy this country including some (not all) of the unions and some older politicians. It will be a shame if hsbc and standard chartered decide to leave the country. I think somebody will merge with standard chartered and buy the business.
Compared to other businesses organisations executives I think these are well run quality businesses. I think the uk should be getting stronger links and maybe countries learn from other countries better that way than just throwing insults.
Sike! I cannot believe we are down on a day like today.A reminder to the board and the CEO to not pay themselves the $$$ but t look after the shareholders.
Very good results, happy with the dividends (considering where we were) and the buy back announcement is a bonus. Buy and Hold.
Marshall Wace have been steadily reducing. I am expecting a steady rise to 750p for STAN in the next month or so. Asia is slowly bouncing back post covid and STAN is due to ride that rise.
Goldman Sachs raises HSBC price target to 800 (710) pence - 'buy'
Goldman Sachs raises Standard Chartered price target to 1,030 (945) pence - 'buy'
No The sell oprtion works as follows.
A person buys a share. eg you. You are entitled to any dividend or benefit of ownership.
The share is usually held by a nominee. So you do not phusically register the share in your name, although you can.
A hedge fund comes along and thinks the share is going to fall in value so the middleman who is holding your shares
says if you are so convinced it is going to fall in value sell the shares now and buy them back in say 6 months.
So the middleman sells the hypothetical shares now knowing that he holds your shares which he can buy back in 6 months. If the company pays a dividend in that 6 months the options holder has to pay the didvidend to the middleman who the shares. In 6 months time the sell option holder closed the contract and the middleman goes top the market to buy shares on behalf of the option holder so that he can give back the shares that he had borrowed and sold 6 months ago.
Thanks for the info. The thing is, I’m still a bit confused as to the mechanics. I am easily confused. As I understand it, someone who borrows shares to short them, immediately sells them. The owner remains the same person who owned them in the first place. Don’t they receive the dividend or does the short seller receive the dividend and then has to pay it to the owner?
If you are the holder of a short on a share then you have to pay any dividend the compnay pays to the shareholders to the original owner of the share. You have just borrowed the shares.
Holding shorts for the long term can be costly.
I don't unferstand the bit about the dividends. Doesn't the bank pay the dividends to the people who hold the shares at the time of ex dividend?
Marshall Wace have lost a lot of money on their short. They are actuallly reducing it now.
They shorted at a price lower than the current price and have had to pay out all the divis since Oct 2018
Marshall Wace are shorting now so may stagnate from this level in short term ... And having over 40% gains a good time to take some money off table. This share has been good to me over the years and will look for a re-entry later in year. GL all.
15% upside potential in 1 month here. 700p expected by July.
Had to remain patient with this one...but I'm glad I didn't get bored and sell. Finally looks to have turned a corner. Onwards and upwards...plenty more to go imo.
Always good to see a company exceed market expectations and that is despite having debt provisions for Sri Lanka and the Chinese Real Estate problems which I thought might have had a bigger impact on the results. Overall pleased.
I will take that over a stab in the eye with a sharp stick
Might there be some stake building?
Just a thought.... Stan started Results day 5% down and ended up almost 2%. And up almost 4% yesterday. That's even before the buybacks have started.
By the way, so am I. Very overweight. :-)
And with these shares, which are the pick of the bunch, from a valuation perspective.
It’s just how investment banking works .I thought the results ok the early market reaction was to sell off probably because analysts were expecting to much .I’m very over weight on these can see these getting back to £7/8 area through the rates cycle just need to make your own judgment when we have hit the top.
Standard Chartered bankers share $1.37bn bonus pot
https://www.theguardian.com/business/2022/feb/17/standard-chartered-bankers-bonus-2021-bank
Strange I cannot seem to find the £1bn you are talking about in relation to bonuses.
All I can see in the standard-chartered-plc-full-year-2021-report.pdf is:
$72 mil in bonuses paid to the directors
$209 mil for staff social security
$307 mil for staff other pension costs
$167 mil for staff share-based payment costs
= $755 mil (Assuming as much bonus as possible)
Shareholders received
$254 mil (Q1) + $250 mil (Q3) + $750 mil (Q4) in buy-backs = $1,254 mil
and $370 mil in dividend for the year
total earnings for shareholders = £1.624bn
compared to $755m for staff
This means staff got 53.5% less than shareholders. I'm rather confused as to where you got your numbers from.
It is always Jam tomorrow with Bill Winters. The company is run for the benefit of the staff not shareholders. The results are OK, nothing special but they are paying out more in bonuses £1 billion than they are in returns to shareholders. £750 million. So no not happy at all.
All going it the right direction, I added in the pull back, Strong year and next 36 months should be about the Banks IMHO
No interest from anyone for today's results?
The China property loan book is only 0.5% of loans but 81% of their profits come from China and North Asia, so any economic impact could hurt Standard if the contagion spreads from the property market. Standard have had a good run recently, but it is worth keeping an eye on developments in China, slowdowns, property company difficulties, etc. GLA
JP Morgan increase buy rating target from 570 to 600p. Moving up nicely and reopening of China after the winter olympics is likely to underpin strength.
Topping up at these levels. Great bank