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The problem is Bill Winters is the wrong person to lead the bank. The bank is run only for the benefit of the employees and not the shareholders. Salary costs are far too high compared to other banks. Hopefully he will leave the bank soon and a more skilfull CEO will take over.
Any opinions on their planned foray into crypto?
It has been a take over target for 10 years. The Mkt valuation is 30% of the net assets on the BS. The chinese would not be allowed to buy it. The Americans see it as risky because of the HK and Chinese link. Barclays and HSBC are always an option but neither want it. Ther is a singapore bank who have been sniffing around, the largest shareholder of SC is also the shareholder of this Singapore bank. That is the most likely option. The best prospect for the bank is to ditch woke Bill Winters.
If all your comments are accurate,then it would appear to me that the Company is a takeover target.
This is now at near 6 month lows and for me is now in bargain territory . Great rise into the last couple of results and I see it no different this time . Covid threat , tapering off from the Fed , dollar , all playing there part just now but it will turn .
Thanks. But I'm not sure this explains the specific claim about sterling-denominated liabilities which I found so puzzling. The HL research references dollar-denominated borrowings which in global terms would make more sense than the borrowings in sterling about which I asked the question.
I was recently reading a book on the financial system which said Standard Chartered has long had a structural issue in trying to match its sterling liabilities against its foreign-currency assets. This struck me as odd because it suggests the bank, which doesn't take deposits in the UK, is denominating many or all of its accounts across the rest of the world in sterling, since it's the accounts which on the balance sheet are the main source of its liabilities. So is this claim correct and is this a long-term problem for Standard Chartered, exposing it to considerable translation risk depending on exchange rates? Anyone able to shed light?
As with Lloyds yesterday, STAN has posted very pleasing results, but I can't see any mention of a dividend or date info. Guess it will be the same ex div date as previous year if results date is very nearly the same.
Nice rise today. This really needs to be in the 700s.
They are in the bidding to buy part of citibank, asian division. The CEO is quite useless and cannot get any sort of return on the exisitng biusiness so an aquisition is fillling iinvestors with fear. Bill Winters needs to go. Wrong man for the job.
does anyone have a clue why this is dropping more than other uk banks today? cant see anything in the news
When they say good things about their competitors. It means Sell
Wed, 17th Mar 2021 12:13
(Sharecast News) - HSBC upgraded shares of Standard Chartered on Wednesday to 'buy' from 'hold' and lifted the price target to 550p from 430p as it said it was increasingly optimistic on future revenue growth.
It said margin stability and improving loan trends underpin its view. The company's new 7%+ return on tangible equity 2023 target looks achievable, HSBC said, with upside thereafter.
I'm doing the same with this and hsbc. And noticing a correlation. These shares seem to go up and down together.
Why are there so few posts on this stock. The volatility is suberb - feel the pain as it goes down and then a few days later - whoosh.
IMHO very tradeable share, with caution obviously.
Ex dividend on the 4th March
I've held these since last March and to be honest with You I'm pretty much back to square one. I did think about topping up when they hit £3.50ish but due to lack of funds available couldn't, that would have been a nice rise ! Long term hold for me.
I sold at 8am for 503p bought back at 477.9p additional shares with the same amount of money. I still believe this will do alot better in the long term. Willing to hold for a year or two. Even a possibility of a takeover at some point in the future.
I think it's based on some factors such as revenue or profit made they also have to be capitalised well to do with the bounce back loan situation.
Max 9c allowed by regulator yet hsbc is paying 15c. I think it's a recommendation rather than a rule
Hands were tied by the regulator. Max 9c allowed.
Well if they start the share buy back today the drop wont be so bad. May end the day somewhere between £4.50 or £4.40
The loss was double of what the market estimate was. Not sure which way SP is going to go with this share today.
250 million share buyback and 9 cent div. Around 6p. Dissapointed. Missed analysts expectations. This share has potential but prob not until 2023.
Results are out for stan at 8am tommorow. Expect a div of 20 to 25 cents. Expect this share to rocket to £5.50. Results should be better than hsbc.