Standard Life Share Discussion Threads

[caradog] 14/10/2016 11:11

There's a piece in the Markets section of the FT shedding some light on the Barclays downgrade and target of 301p. It was apparently in response to problems at the flagship GARS fund which is seeing significant outflows:

"wrong calls on European equities, US rates and banks mean Gars is underperforming its targeted annual return (Libor plus 5 per cent) over one, three and five years"

Barclays reckons this will hit profits in the same way as similar problems affected M&G and Henderson i.e. down 10-20%.

[dr biotech] 14/10/2016 10:18

Closed the SB at 337, £350. Not a fortune, but not bad either.

[chesty1] 14/10/2016 08:27

Well I think the market picked up some stock yesterday....Hoping this was the bottom and it's all the way back up from here, done some digging and apart from Barclays being stupid all I can find is good news around for sl.Be lucky to all

[f1araway] 13/10/2016 21:08

Big7ime I have no doubt you are correct in your assumption that, "an arm of Barclays is buying SL. big time" and indeed not many would have guessed that we would suffer a 5.1% drop today. A fall like that is a pretty serious event for an established FTSE 100 company. However as one who has been in from day one and enjoying what has been in effect compound interest on scrip dividends, I've thrown in a cash ISA paying 1.1% and instead gone for a company paying 5.54%. Guess which one.

[chesty1] 13/10/2016 18:58

DOW is on the move we will follow it north tomorrow....SL. will recover & I will enjoy the divi's along the way.

[big7ime] 13/10/2016 18:36

Graham you're totally wrong you old woman!

[dondee] 13/10/2016 17:52

SL.down 17.70p today (was up 3p yesterday).

[chesty1] 13/10/2016 15:41

Thank you to Barclays for letting me get some of these on the cheap (hopefully)

[grahamite2] 13/10/2016 15:41

The broker downgrade and the fund downgrade don't worry me but the Scottish domicile increasingly does. Those cranks own Scotland with no opposition and there's no saying what they might do. The chart is horrendous too. Be glad to be told I'm totally wrong and I'm just being an old woman!

[cyberian] 13/10/2016 14:36

Barclays are always quite subdued and not a fan here...again still think that all this Brexit chatter is ridiculous at this time. Suggest one reads the really sensible article in todays Telegraph by Ambrose Evans- Pritchard...he was all for a soft Brexit but now feels that with comments by Hollande and Merkl plus a few others that if they want a hard Brexit and to punish the UK, well so be it!! I was a Remainer but irritated by the stupidity and double talk of some in the EU that the market will soon cotton-on to their mis-placed behaviour which will self inflict their own interests.Hollande will be out next year and maybe Merkl as well...BUT again I really think the Telegraph article is a must read...quite impressed although not a Telegraph fan usually.He sets out all the historic contradictions of the 4 main principles that Merkl in particular keeps going on about, and how they and France have flaunted...everyone one of them. As Gloria Gaynor song goes, "we will survive"

[uppompeii] 13/10/2016 13:45

Sturgeon ain't helping but then I guess the markets know theyre a one trick pony by now.

[sicker] 13/10/2016 13:43

OXMAN, barclays cut rating.

[its the oxman] 13/10/2016 13:23

Why the fall?

[chesty1] 13/10/2016 12:24

Just picked up a few more

[davebowler] 13/10/2016 11:14

APT still looks good for a windup profit.

[big7ime] 13/10/2016 09:59

Ive added at 332 as I have always done well going against brokers views. Don't trust them, look st the last years to see what I mean. They prob want to hoover up stock as the inverse H&S completes.
Most brokers turned very negative just as the mining sector turned up, I have trebled on three stocks there going against the so called brokers. I bet an arm of Barclays is buying SL. Big time
Also don't trust posters that talk bs after an event such as the one above looking at his post history. And how did Wales vote in the ref? Lol.
Well, the ref has been good to me, I could have listened to those scared and sold everything.

[caradog] 13/10/2016 09:37

Can't argue with that, Petewy, as I basically agree that SL is a quality company, but for the moment the bulk of my portfolio is in foreign currency earners.
PS no need to mutate the Da iawn at the beginning of a sentence, but all attempts at the language of Heaven are much appreciated!

[sicker] 13/10/2016 09:32

I've added more at £3.31. May be wrong but can't see much downside at this price.

[petewy] 13/10/2016 09:27

Dda iawn.Good comment Caradog butt. I sold out at 350 but back in at this price. Looking for a good co with a good div. SL suits me.

[dr biotech] 13/10/2016 08:53

barclays say its time to go underweight with a 301p target. Broker target affecting the share price are normally short term. I have just opened an SB - £100pp at 333. Can see how much I lose....

[chesty1] 13/10/2016 08:24

Cheers.... bloody bankers

[merkage] 13/10/2016 08:21

Barclay cut it's rating to underweight today.