Standard Chartered Share Discussion Threads

[qantas] 03/3/2020 14:38

BARC 380.79 net Asset Value pence per share.
MTRO 918.10
STAN 1195.17
HSBA 916.98
LLOY 67.88
BNC 916.04
RBS 360.15

Please do your own research as always.

[qantas] 03/1/2020 09:51

We do have a double top.

[jackdaw4243] 23/12/2019 17:59

The big sell off has not happened, January may shine a bit of light, do we have a double top or an uptrend. Anyone any good at MACD reading.

[asagi] 30/10/2019 11:40

do we now have a growing bank, trading at a discount to book value? I make it a 28% rise needed to hit TNAV.

"Completed $1bn buy-back: 116m shares acquired and cancelled reducing total issued share capital by 3.5%"

happy to keep holding.

Asagi (long STAN)

[jackdaw4243] 16/9/2019 10:52

Sunday papers spooked me, sold the morning.

[buywell3] 21/8/2019 08:47

buywell wants you to know:

DOW Theory at US yesterday close now points to the start of a BEAR MARKET as of NOW

[keyhole] 11/8/2019 22:47

What should you expect when the mongrel heading the BofE has been printing money for the past several years...

[buywell3] 08/8/2019 09:15

Mmmm looks a bit iffy that does it not , Trump will be miffed IMO --- meantime



The GBP is winning the race to the bottom in the currency wars hands down

The only thing Carney has got right

buywell

AD2019

[buywell3] 25/7/2019 10:22

Buybacks are keeping this from tanking same as LLOY and many other BIG FTSE 100 companies

The next 6 weeks of Parliament recess will I feel now hurt the markets and not help Brexit progress with 98 days left

IMO Markets could now fall 15% to 20% in the next 6 weeks as Hard Brexit becomes an increasing reality

dyor

[cerrito] 22/7/2019 18:19

Sold out this morning.
While the current FX rate provides support, I feel uncomfortable with the row over CEO pay, general situation in HK and ongoing sanctions busting stories , which I recognize are almost certainly false.

[jackdaw4243] 18/7/2019 15:50

The whole purpose of the markets is to give pain and fear, however with STAN I have hope.

[buywell3] 16/7/2019 21:28

STAN chart approaching Halloween Brexit exit looking a bit scary mary

[bradbury3559] 05/6/2019 11:40

Come join the party #BBSN

[jgrabar] 19/5/2019 13:45

The April 9, 2019 announcement that Standard Chartered agreed to pay more than $1 billion to end a five-year probe into suspected breaches of sanctions against Iran and a related investigation into the bank's financial controls, U.S. and U.K. points to basic failures in corporate governance that harmed the bank via the fines it paid and in reputation. Holders of the bank's shares can seek to hold the board accountable in U.S. court via shareholder derivative action, make positive governance and potentially receive a court awarded monetary incentive. To learn more contact [e-mail]


The London-based multinational bank reached separate settlements with the Financial Conduct Authority in Britain and regulators and agencies in the U.S. over sanctions violations for allegedly concealing transactions for clients in Iran and other sanctioned countries.

The bulk of the fines, $639 million, goes to the U.S. Treasury’s Office of Foreign Assets Control, which oversees U.S. sanctions enforcement. The bank will also pay $427.2 million to New York's DFS and the Manhattan District Attorney.


As part of its initial settlement in 2012, the bank agreed to pay state and federal authorities $660 million to resolve allegations it helped Iranian government-backed banks transfer over $250 billion in violation of U.S. sanctions between 2001 and 2007. At the time, the bank entered into a deferred prosecution agreement with the DOJ, and Tuesday's settlement extends that agreement for another two years.

After that 2012 agreement, investigators discovered that certain bank employees had processed hundreds of million of dollars via 9,500 additional transactions through U.S. financial institutions for Iranian businesses and individuals, the Manhattan District Attorney’s Office said Tuesday.

The failures relate in part to approximately $600 million in transactions the bank processed between 2008 and 2014, which originated in London and Dubai and were sent to its offices in New York City, as well as to its compliance with anti-money laundering rules.

The penalties also include a £102 million ($133 million) fine imposed by the FCA following a probe into anti-money laundering lapses, the agency's second-highest penalty for AML failures.

“Standard Chartered’s oversight of its financial crime controls was narrow, slow and reactive," the FCA's enforcement director, Mark Steward, said. "These breaches are especially serious because they occurred against a backdrop of heightened awareness within the broader, global community as well as within the bank, and after receiving specific attention from the FCA, U.S. agencies and other global bodies about these risks."

Again, holders of the bank's shares can seek to hold the board accountable in U.S. court via shareholder derivative action, make positive governance and potentially receive a court awarded monetary incentive. To learn more contact [e-mail]

[ch1ck] 05/5/2019 08:55

Cc2014I have seen share buybacks move the price but normally when there is a change of circumstances and perception from the city.The variance in projected price by the brokers and institutions reflect the wide view of the city.I bought a few weeks ago on fair value and the weak share price this has been rewarded but is still on my watch list as I feel there may be one last secret in the cupboard which will knock the share price.I'll play the rise for now.

[cerrito] 02/5/2019 23:32

What has fascinated me is the very differing views that analysts have as a target price.
For example in the last couple of days we have had Goldmans with 990, UBS at 690 and RBC at 580.

[my retirement fund] 01/5/2019 21:25

The impact will be felt in 12 18 months time on increased EPS and dividend yeild.That's when it'll be north of £8 and thats when you'll see all the city shysters buying in for their managed funds.

[cc2014] 01/5/2019 12:33

$1 billion buy back = £770m over 8 months = £96m per month = £4.8m per day @7.10 = 678k shares a day.

Thoughts on the impact of the buyback. I've watched buy-backs on LLOY, AV., BLND and HMSO and tbh I'm not sure I've seen any impact on the share price. Or rather the maths say the buy-backs must have an impact so the buy-backs are simply supporting the shareprice rather than helping it rise.

The buy-back here is large in terms of numbers. 678k shares a day is significant compared with daily volume although I believe STAN is dual listed so we should allow for that.

Market cap is £23b so this is 4.3% of total shares being bought back