We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The results should have been a lot better. 3.5% ROE is pretty bad. I think it is unlikely that the SP will fall a great deal but likewise it is unlikely to hit �10 in 2018! Bill winters took over when the SP was �11.50, so he has a way to go. Plus he had a rights issue �5 billion. He is going to take an awful long time to get the bank back to a $18 billion TO.
Divi restored and much improvement but it was from a low base. Hopefully a lot more to come in time as its still quite a mixed bag and some aspects still look quite poor. Interesting to see what area the questions are being asked upon?
Thanks for the info
It is usually about 1.30 am GMT. 9.30am Hong Kong time.
Would they please tell mw what time do STAN release their results tomorrowbearing in mind they have listings in HongKong? I do not believe it will be the usual 7am but I am unsure. Thankyou
I'm hoping that we will be given some indication on the dividend or a route to restoration. Most banks making money now and HSBC doing ok on the switch to asia, hopefully some read across.
They are are right 50% of the time. You might as well spin a coin. It's a bit like taking advice from bulletin boards. If someone you don't know is advising you do something how much attention should you give to that advice?
Very very true bought glencore brokers said they were going bust so sold at 66p lost a grand now look at glencores price. Never trust a brokers note they just want sales don�t care about anything else. I reckon the banking sector will start moving north from here on in. Standard in very good position . Tip check out 1spatial.
Given that Standard Chartered is always being talked down by brokers, this may be relevant, basically you make more money by doing the opposite of what brokers advise: http://www.telegraph.co.uk/investing/shares/dont-listen-analysts-want-make-money-stock-market-report-finds/
Awesome response from this share. On a personal level I�m heavily invested so well pleased.
A takeover in18 months is a very high possibility
See my comments 03/11/17.
Some of the brokers are obviously trying to talk the share down. Barclays today a reiteration of sell with a target price of �5.75. Very pessimistic. obviously they are trying to talk the share down. I suppose they are a competitor. There is an update on the SC site. It all seems to hings on what hap[pens in 2018. Possible there will not be a dividend for another year, or if there is it will be very small. They are predicting 5% to 7% annual growth in Income from 2018 onwards.
The announcement was the day before the September results. https://uk.finance.yahoo.com/news/standard-chartered-appoints-ben-hung-084527537.html I suspect unless the results start to get better soon then Winters will be ousted as well.
Thanks LLucan and Hurricane. I am holding..........
LLucan; common sense indeed. My instinct tells me to follow your route and to forget any dividend for a further period of time and then sell if sp not improved. However , in the meantime a takeover could also develop, possibility from the Far Eastt
Someone that knows the share and has some sense. So it could be that they are storing up better results for February 2018. Divi I am still not convinced they will pay one. The expenses could have been front loaded as they said or it could have been "double speak". Bill winters personality has always been a "steady eddy" so even if they had spectacular results these would be manipulated down. His target in 2018 is 10% return on equity which would be a bout a �4 billion net profit. Although I think this has been talked down to 8% to collect his bonus. I think that he should be doing a lot better than he is. Other banks HSBC, JP Morgan have flown over the past 2 years. Having said that the brokers really do seem to be talking this share down. Goldman Sachs is the house broker so they are obviously talking it up. I will sit tight for another 9 months. August 2018. But that is it, if it has not improved by then I am out!
Hurricane - I think you are a breeze! If as you say you have held the shares for years - lets say 5 years, then you would have seen a drop in share price of roughly 55%, with no dividend in over 2 years and no mention of same - if that is a reward, then you truly have low expectations. So stop taking the P!55. As for your question, get a financial adviser as I think you may need one. I am holding here but do your own research or some research before you decide. Best wishes.
Last divi was Oct 2015
I hold these shares for the dividend which has rewarded me well over the years. Your comments leave me bewildered re these shares. Do I therefore buy more ,sell more or wait for the next dividend whenever that will be?
I keep these shares for 2 reasons - to remind myself how shares can go down instead of up and because like Whitley, I think they will recover so they look a good punt right now, so selling in some ways makes little sense but I wish I never had bought them in the first place!
I have bought another 700 just in case it ever recovers.
So interim results are out. The share is down 7%. The increase in profit is nearly all as a result of writing back provisions. Not a real profit. Expenses are way up and tier 1 capital has fallen. These are bad results. Yesterday Bill winters reshuffled (read that as fired) senior management. Obviously he knew the market would react badly. There is little chance of a dividend being paid in 2018 either. As he said himself the best option may be to put the the bank up for sale. He was sold as the wonder kid but to date he has at best stabilised the situation. But after two and a half years at the helm, 5 billion of new capital and a 30% fall in the share price from the moment the took over. This is not looking good at all. I am going to start to reduce my holding. I have lost confidence in this investment.
Interims Wednesday. Any thoughts as to where sp will be this time next week ? Hoping for 800 ...
I do think there will be a waive of broker upgrades now on the back of these results. If the bank makes £3 billion pretax for 2017 then it should be valued a tad higher than it is currently.