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This is quite a fall I think the original placing was at �1.85 so well under water! I read that there is a big concern that not all the bad news is out. The Insurance arm which makes most of the money has been rumored to have structural problems and matters are going to get a whole lot worse. I am not sure I believe this. Besides the cruse division is doing well. The results will be out in two months and hopefully matters will be clearer. they do not seem to be that good at communicating with shareholders and they do not seem to be a very ambitious company.
You are off the scale of nuts. Investing by gender is the surest way to go bust. No investor cares about the gender of the directors or staff. As long as they make money. If fund managers thought that women were better investors, no man would be employed in the city. No one has ever cared about the gender of an employee or director. It is all down to how much money they can make for the shareholders. GSK is run by a woman who is a walking disaster. Interserve is run by a woman who is doing a fantastic job with a crap hand. BLT is run by men and are doing a great job at the moment. Although it could be argued Rio is doing better.
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/
This is just a stupid investment approach: You are nuts and will go bankrupt. BLT has a men in charge, not that it matters. Ken MacKenzie (Chairman) Andrew Mackenzie (CEO). GSK has fallen by 20% since they appointed a female. Not that this matters since in my opinion GSK have gone off in the wrong direction. Couple this with Anglo American which was nearly bankrupted by Cynthia Carroll, a female. Investing in companies by gender is the dumbest thing a feminist has come up with. I and 99.9999% of investors do not care the gender of a company CEO as long as they make me a sackful of money. I have bought Interserve recently, run by a woman and doing a better job than GSK.
Reply to crazy post. You are nuts and will go bankrupt. BLT has a men in charge, not that it matters. Ken MacKenzie (Chairman) Andrew Mackenzie (CEO). GSK has fallen by 20% since they appointed a female. Not that this matters since in my opinion GSK have gone off in the wrong direction. Couple this with Anglo American which was nearly bankrupted by Cynthia Carroll, a female. Investing in companies by gender is the dumbest thing a feminist has come up with.
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.
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!
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.
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.
The results seem to be broadly good. I think the loan issue is also a positive. Any bank can male loans but if they are going to go bad or are not profitable there is no point. I have followed this share for about ten years now. The non payment of a dividend is annoying but the money is at least staying in the bank to be reinvested. It is kind of pointless paying a 5p or 10p divi anyway. Bill Winters is much better than Peter Sands who was sending the bank towards bankruptcy. I am sitting tight for another couple of years. My personal view is that it will continue to make steady progress now.
Disagree entirely. The amount of money staked on these machines is miniscule compared to the amount staked online. There is nothing morally wrong with the machines. You might as well say all gambling including the national lottery is morally wrong. If people want to use them they should be allowed to.
Nothing in the budget on FOBT. It would seem a delay till the summer. I think it will be hard for the chancellor to give up the tax income.
There is far too much talk of jam tomorrow in the report. The projections for 2017 look stretched. I will give him one more year but if not a substantial improvement in revenue and profit that will be it.
Which ever way you look at it from contracting income to a pretty meager profit, the results are not that good.
Good point! My guess is that the government will make a decision on FOBT's at the March 2017 Budget. To be enacted April 2018. Obviously the share will react north or south depending on what is stated.
This is very interesting: https://iea.org.uk/wp-content/uploads/2016/09/FOBT-Briefing-PDF.pdf
I think you are right. There has been some massive corporate purchases recently Nearly 25% of the stock is held by 3 organisations. The government gets 25% tax from the FOBT machines. I am not convinced they will give this up. So I do not think the government will do anything at all. Leave as is. Too many betting shops would shut down if they reduced FOBT machines.
I think Barclays may be talking the share down so they can buy more. I have a lot of confidence in the management and direcetion St Chart is going in. I suspect when Bill Winters took over there was a bit of "Kitchen sinking". I would think they will make 1.5 billion pretax this year. Enough to pay a small divi, may be 10p. 3.2 billion shares in issue so it would cost them circa 320 million. If BW is projecting 8% return that would be 2.6 billion profit. If I was going to invest for the medium term it would be in a far east company which effectively is what ST chart is. I do not expect a sudden surge in profits but I would be staggered if BW does not go for steady planned increase. The bank is undoubtedly under better management than Sands (who was way out of his depth) and is is a much stronger position even now. By 2020 if the bank is making close to 3 billion pretax the share price should be double what it is now. My point is that I have every confidence in BW to pull this off. He has got a quality opportunity in the best region, at the moment, in the world.
They are hoping the price will fall so they can pick up the shares cheaply for themselves. I ignore what brokers suggest.