Standard Chartered Share Discussion Threads

[keyhole] 31/1/2016 21:28

None - the cupboard is bare...

[revell40] 27/1/2016 16:51

What's the divi if any ta

[mj19] 11/1/2016 14:53

Any buying at this price

[chrisgail] 17/12/2015 09:21

Purchased this morning, seems like a very good longterm hold with the potentail of an excellent dividend yield in years to come.

[gateside] 16/12/2015 18:48

Heading for 600p :-)

[deanroberthunt] 14/12/2015 16:27

more like under 400p by Xmas

[arja] 12/12/2015 14:43

did you mean 400 as chart suggests it might get there in time but not be xmas ? ( wry smile )

[inv] 05/12/2015 12:55

Should rise subsatntially this week now that Rights Issue is out of the way. Over 600p by Xmas

[scottishfield] 01/12/2015 08:29

Tks MY R F, appreciated.

[my retirement fund] 01/12/2015 08:22

Seems the market are happy Stan are addressing its capital deficiency and celebrating BOEs easing of requirements moving forward.I am thinking the bottom is in here. If I am write in answer to your question that means you ahould take up your righys even if you dont plan to keep them longer term.

[scottishfield] 30/11/2015 20:24

Hi Gateside, yes I have the details. Thanks for your opinion, I think that were I a holder, I would be taking up the rights, just interested to hear any views. Tks again.

[gateside] 30/11/2015 20:14

Hi,

My broker needed to know if i wanted to take up the Rights by 8th December, so you will need to act fairly quickly to arrange payment, if you want to take up the offer.

I'm not qualified to give advice at all, but for what it is worth I am taking up my Rights.

I can see this company turning things around for the better, but think it might take them a long time.

[scottishfield] 30/11/2015 19:23

Not a holder guys, but member of family is, and is wondering whether to take up the 2 for 7 rights. Relatively small holding. Any advice appreciated as this is not a share I follow. Tks in advance.

[scottishfield] 30/11/2015 19:23

Not a holder guys, but member of family is, and is wondering whether to take up the 2 for 7 rights. Relatively small holding. Any advice appreciated as this is not a share I follow. Tks in advance.

[jarbie] 27/11/2015 17:02

what and when is expected to hit the bottom ?
it can't be 0p so we have a wide choice
it is still going down just now
is 465p a magic number - how was it chosen ?
it is a dramatic drop to a third off its peak

[keyhole] 25/11/2015 16:20

I'm not taking the bait. But will I live long enough to ever see this share recover to it's formwer heights?

[ali47fish] 25/11/2015 10:12

i am entiteled to 56 nilpaid shares which is a pittance. should i accept? hl on balace thinks so? any enlightenment would be welcome

in the meantime this waht hl thinks

Our view:

Standard Chartered are holding a gun to their investors' heads with this rights issue. The discount is large and the theoretical ex-rights price far below the pre-announcement closing price. Holders who do not take up their rights face big dilution. Some though may well look at the run-rate of impairment charges currently racking up and decide that the rights issue will be good money after bad.

Standard Chartered is now a bank with strong emerging market exposures, at a time when the emerging markets are not strong. The stock was trading far below tangible book value (TNBV) of $15.86 but given returns were only 5% or so, that was hardly surprising.

That tangible NAV will be diluted by the issue; we estimate a post-rights TNBV of around $13.93, or just over 900p. So the rights is being struck at around half of the new book value and the current market price is a substantial discount to TNBV also.

The question is, can those $2.9bn per annum of cost savings make it through to the bottom line, or will they be competed away, or swallowed up by bad debt charges? The latter are coming in thick and fast, but perhaps Mr Winters has insisted on a kitchen sink approach to provisioning.

The new strategy is a big back-pedalling from the previous direction. Gone is the approach of getting in close, with an open chequebook, to the key industrial families of South East Asia in an attempt to become their primary commercial and investment banking partner. Instead, Standard Chartered is focusing more on establishing strong private banking relationships with the wealthier citizens of the emerging markets.

Done well, private banking is a great business. Ask the Swiss. It offers potentially steady returns with limited risk, because lending tends to be well secured, because the clients are rich. Whether Mr Winters can pull it off remains to be seen, but he has the network and the brand necessary to make a go of it.

In the long run, Standard Chartered's emerging market bias could be a huge positive. Right now though, China and India are more of a worry than a blessing and investors will need patience to see them through what could be quite a lengthy turnaround process. If the bank can hit the 10% Return on Equity target, and pay out half of earnings as dividend, then an attractive dividend yield may one day be possible, given the shares are trading far below book value. Getting there will be easier said than done, however.

[deans] 23/11/2015 13:52

STNN is working for me after all!

[deans] 23/11/2015 11:41

Thanks libertine but tried STAX and STNN(HL are showing this as the ticker in my accounts with them)without success. Knew this would not be straight forward for a 4 letter ticker company! Why can't the company give the nil rights ticker on an RHS when they become listed for trading?