The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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
15 Nov Proactive investors Shares in most of the UK's big banks offer plenty of upside, according to broker Shore Capital, ranging from 7% at NatWest Group PLC (LSE:NWG) up to 47% for Standard Chartered PLC.
Following the sector's better than expected third-quarter results in recent weeks, which continued the recent trend of positive surprises on profits and capital, the broker upgraded its earnings forecasts on average by 14% for 2021, 4% for 2022 and 5% for 2023.
Virgin Money UK PLC (LSE:VMUK) was also upgraded to 'buy' from 'hold' following the recent pull-back in the shares.
ShoreCap's current order of preference, based on upside to its updated fair values, is Standard Chartered (462p price versus 680p as ShoreCap's fair value),
Barclays PLC (LSE:BARC) (195p to 285p), VMUK (171p to 230p),
HSBC PLC (LSE:HSBA) (434p to 545p),
Lloyds (49p to 59p)
NatWest in last (219p to 235p).
On average the upside to fair value across the sector is 30%.
Analyst Gary Greenwood said in a note to clients that the higher Bank of England base rates are set to drive margin expansion; that there are signs that the pressure on application spreads on new mortgage lending may be abating; that clients should ignore "noise" about the new IFRS 17 accounting standard as it will have no impact on lifetime profitability, cashflow or capital and hence valuation; and that his upgrades for this year reflected the further net provision releases during the period but trimmed those for 2023 to reflect increased risk associated with higher anticipated interest rates; costs esitmates have been lifted as banks reward employees with higher pay and bonuses, along with restructuring to adapt to changing customer behaviour.
As at 30 September 2021, the mainstream UK banks had surplus capital equivalent to circa 18% of their market cap when compared to management target ratios, which he said "means they are well positioned to fund growth and absorb regulatory headwinds while also ensuring sizeable distributions can be made to shareholders".
"We think a combination of a continued economic recovery and rising interest rates means that the holy grail of delivering sustainable double-digit RoTEs now looks more realistic than it has at any time since the financial crisis.
"We expect delivery to narrow the circa 30% discount to tangible net asset value that the sector is currently trading on."
Results are backward looking and much of it was priced in on the pre-result rise ....SP is now foreward looking ...and China/Asia looking a bit wobbly ...so the market is quite possibly re-risking a touch, for now ...
Were they terrible? They obviously didn't meet market expectations but the tone of pokerchips article seemed ok.
A messy day chartwise, leaving gaps to fill above and below. tut tut...
https://invst.ly/whl6r
Hopefully a temporary glitch.
https://www.cnbc.com/2021/11/02/stanchart-third-quarter-profit-doubles-as-bad-loans-shrink.html
It’s always one step forward, one kick to the kn***ers with this bank
The results aren't that bad at all.
What is crazy is that the share price is the same now as it was in June 2020. I'm back in.