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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Standard Chartered Plc | LSE:STAN | London | Ordinary Share | GB0004082847 | ORD USD0.50 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-7.80 | -1.15% | 671.40 | 670.40 | 670.80 | 683.80 | 670.40 | 679.80 | 8,209,407 | 16:35:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 18.02B | 3.47B | 1.2403 | 5.41 | 18.75B |
Date | Subject | Author | Discuss |
---|---|---|---|
29/2/2016 13:45 | >swerves no stopped out 314 and waiting. still think it will go lower though | dodddy | |
27/2/2016 12:05 | Doddy, have u still got your short open? This could bounce further | swerves1 | |
25/2/2016 11:21 | opened short today, this has £3 written all over it | dodddy | |
24/2/2016 11:22 | you just have to look at the recovery of the HK 97 downturn to see how they will not throw away gains of recent yrs, risks are rewarded because of hard work, by comparison we are a lazy lot in the UK, jnr recently taken an award in Singapore for highest sales of Hewlet Packard products target 500+ in twelve months, capitol flight to the far east on Trumps election & civil unrest the bears should be over on the RBS board 29/2 stan making a good recovery nai/dyor | mike24 | |
24/2/2016 09:16 | 11HEARD ON THE STREETStandard Chartered: Why This Cheap Bank Stock Isn't a BargainThe bank's revenues are falling faster than expected, which makes it hard to find valueThe entrance to the headquarters of Standard Chartered in London. On Tuesday the emerging-markets focused bank reported its first full-year loss since 1989. ENLARGEThe entrance to the headquarters of Standard Chartered in London. On Tuesday the emerging-markets focused bank reported its first full-year loss since 1989. PHOTO: CHRIS RATCLIFFE/BLOOMBERG NEWSBy PAUL J. DAVIESFeb. 23, 2016 8:41 a.m. ET0 COMMENTSStandard Chartered chief Bill Winters is still knee-deep in his Augean task of cleaning out the "fertilizer," as he put it, from the bank's stables.Trouble is that, while the group has been shoveling the muck, business has been dwindling or walking by. Standard Chartered is answering many fears about its balance sheet. But revenues at the end of last year fell more than anyone was expecting and its book value per share shrank more rapidly, too.Granted, Standard Chartered's battered stock is cheap, but it is not yet cheap enough.Revenues for the second half of 2015 reported on Tuesday were 6% below forecasts and almost 20% below the first half. With charges for loans losses and restructuring, this pushed the emerging-markets focused bank into its first full-year loss since 1989. It lost $2.4 billion after tax and won't pay a final dividend.Mr. Winters biggest challenge is to arrest this slide in activity in the face of the poor-and worsening-conditions for banking in general. Not one business unit improved its top line in 2015.ENLARGEThe banks says it is now back open for business. It has cut back much of the commodities exposures that worried investors 18 months ago and completed its $5 billion rights issue. And more than half the proceeds survived the restructuring charges.However, the risk of large losses from bad credits isn't yet gone. Almost $1 billion of a $1.8 billion restructuring charge in the final quarter was due to provisions for losses on the sale of risky loans and other assets the bank no longer wants.And those sales are yet to be completed. Meanwhile, the loans involved are only 47% covered by provisions, which is less than the 62% level for nonperforming loans across the rest of the firm. If the loans to be sold eventually take charges equal to those remaining, it would cost Standard Chartered another roughly $1 billion.In theory, this should be covered by the bank's $3 billion restructuring budget. Unfortunately, bad loans have continued to rise across the rest of the bank and emerging economies continue to slow.The bank ended the year well capitalized, with a common equity tier one ratio of 12.6%. Still, the charges and losses to come alongside the shrinking top line means the bank will be fighting to stand still on this.Key for investors is that book value per share is getting hit. It came in almost 10% below consensus forecasts at the end of 2015 and was already expected to shrink further this year. Cutting 2016 book value forecasts by 10% would put Standard Chartered stock on a multiple of 0.44 times. That would be at a premium to Deutsche Bank, UniCredit and a string of other troubled European lenders.Given the battles ahead, it is still tough to see the value in Standard Chartered.Write to Paul J. Davies at paul.davies@wsj.com. | mj19 | |
24/2/2016 08:17 | What about Hsba dean | revell40 | |
24/2/2016 08:06 | KNOHEADS in the BOARDROOM nother rights issue looming. | hvs | |
23/2/2016 13:08 | all the bad news out the way added a few more, investors want income? the days of decent dividends have all but gone, funds need oversold stocks in good companies to catch a medium/ long term share price recoveries, as in mining/oil/banks/aer nai | mike24 | |
23/2/2016 09:49 | My retirement fund.You can't spend the CET ratio, investors want income.No FINAL is a disaster. | montyhedge | |
23/2/2016 09:33 | CET1 ratio of 12.6 per cent and climbing, operating costs down 7% The prefs (STAC) yielding over 7% look like jolly good value to me. Meanwhile anyone interested in a turnaround story could do well in the ords over time imo | my retirement fund | |
23/2/2016 09:22 | Yes they are paying a dividend, I never invest in anything with no dividend, HSBC I like. I thought they would have least paid a token dividend to keep the income funds happy. | montyhedge | |
23/2/2016 09:20 | monty look at recovery of HSBC from 425 yesterday, its europes banks that look risky | mike24 | |
23/2/2016 09:15 | At least I have not got this dog, in my portfolio. No dividend, income funds will have to dump. | montyhedge | |
23/2/2016 09:11 | Think monty must have been living under a stone | my retirement fund | |
23/2/2016 09:08 | far east looks a more secure region compared to Europe, with Putin trying to cause economic/political turmoil, | mike24 | |
23/2/2016 09:02 | Best short in the market. | montyhedge | |
23/2/2016 08:41 | Was it just montyhedge that didn`t know? Board confirms its PREVIOUSLY announced decision that no final dividend will be paid for the financial year ending 31 December 2015. | libertine | |
23/2/2016 08:38 | Pay yer money take you chance, I suppose. | montyhedge | |
23/2/2016 08:33 | Why's that monty would it not get bought | revell40 | |
23/2/2016 08:32 | No don't touch, why no final dividend | montyhedge | |
23/2/2016 08:30 | Is it worth catching at the bottom this is a sharp knife | revell40 | |
23/2/2016 08:28 | No final dividend what a disaster. | montyhedge |
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