Standard Chartered Share Discussion Threads

[jdb2005] 05/11/2015 16:13

Fortunately I closed at 650 this morning

Think now at 625 the sell-off near bottom.

[jdb2005] 05/11/2015 09:26

Went Long at 643

[stevenrevell] 05/11/2015 09:25

Add at £4.75

[jdb2005] 05/11/2015 08:42

With STAN down to 647 this morning it is starting to look as though may be possible to add at 645.

[jdb2005] 04/11/2015 18:05

STAN was down yesterday 11% and rallied to finish at 663.9.

Road it up to 689 at 11.05 for nice profit.
Should have gone short then but waited & picked it up at 667.

Lets see which direction it moves tomorrow - Dow down tonight as Yellen tries to quell the surge in US stocks in last few days by suggesting possible rate rise could be considered at Dec mtg.

[diku] 04/11/2015 10:44

Hence the Chinese are cutting rates....all is not what it seems...

Remember when the share price was around 1400p those so called Analysts were pumping double digit growth in the Asia economies going to the moon!!...

[deanroberthunt] 04/11/2015 07:26

festooned with INDIAN and CHINESE toxic loans that could make the US Subprime debacle look like a blip

[ball deap] 03/11/2015 22:21

Now if you have any sense you will reach for the door, open the door and bail out of the door. The restructure is going to kill the share price I was kind enough to pass on the sell signal I got from a Albainion UK resident insider in August who said sub 5 soon.

[cerrito] 03/11/2015 20:54

winsome147
I find it very difficult to imagine a scenario where dividends on STAN prefs are suspended.
Remember that NWBD-prefs issued by Nat West-paid dividends right through the financial crisis as did the other RBS prefs

[winsome147] 03/11/2015 19:59

kiwi2007 - try googling MANNERS

I asked the above because the rules are unclear. The company cannot pay divs on ordinary shares without paying divs on the prefs. As they have already paid an interim div this year on the ord shares then does that mean they must pay the next div on the prefs which I believe is paid 6 months in arrears? Or do payments only have to align on an interim basis?

Presumeably next year they could in theory axe the payment on the prefs if they do not intend to pay a div on the ord shares but how likely are they to do that?

I'd welcome a constructive opinion.

[jdb2005] 03/11/2015 17:02

STAN ended down 7% after at one stage down 11%.

Shorters will have had a field day here.

[robertfaulkner] 03/11/2015 17:00

Well off days low, I wanted to get in low for a quick bounce but missed it at 10:45

[asagi] 03/11/2015 11:26

kiwi2007 - that may be a very succinct way of looking at it. It's very sobering for us longs.

Asagi (long STAN)

[kiwi2007] 03/11/2015 11:17

It's now a lossmaking bank with no visibility on EM bad debts and whose capital is too thin ahead of a stress test.

[kiwi2007] 03/11/2015 10:57

Nice one for your sipp @600p.

[kiwi2007] 03/11/2015 10:55

winsome147.. try googling PREFERENCE shares...

[stevenrevell] 03/11/2015 10:50

Lead weight now how far down will she go

[winsome147] 03/11/2015 08:28

No final dividend in December. Does this mean there will be no interest payment automatically on the preference shares or are they likely to still pay it?

[gateside] 03/11/2015 07:47

-- The announcement of a 2 for 7 fully underwritten Rights Issue to raise approximately GBGBP3.3 billion (net of expenses), or approximately US$5.1 billion, to strengthen the balance sheet materially and accelerate execution of the strategy.

o Issue Price of 465 pence per Ordinary Share represents a 34.8 per cent. discount to the Closing Price of 713.6 pence on 2 November 2015 (being the latest practicable date prior to the announcement of the Rights Issue) and a 29.4 per cent. discount to the theoretical ex-rights price.

o The Board estimates that the Rights Issue will increase the Group's CET1 Capital ratio by approximately 160 basis points, from 11.5 per cent. to approximately 13.1 per cent. (as at 30 June 2015), which would be at the top of its 12-13 per cent. target range.

o Temasek, the Company's largest shareholder, is supportive and intends to take up its rights in respect of 15.8 per cent. of the existing share capital. Standard Chartered has been informed by the Joint Bookrunners that Temasek is also participating in the Rights Issue as a sub-underwriter.

o The Directors and the Management Team are fully supportive of the Rights Issue and those that are entitled to intend to take up their rights in full.

o The Rights Issue is fully underwritten by J.P. Morgan Cazenove and Bank of America Merrill Lynch.

-- The Board has decided that no final dividend will be paid for the current financial year ending 31 December 2015

[molatovkid] 03/11/2015 07:22

get down shep!

[yam114] 31/10/2015 10:30

Is the divi safe?

[stoxx67] 07/10/2015 14:41

how wrong you were Iaincc

does not look as though you will be getting stock at £5

[smurfy2001] 28/9/2015 16:52

Heading to recession lows