 there is very little chatter on this thread, for a big company. whose share price has been going gangbusters recently. always a good sign something might be getting overlooked. i bought some in the summer panic last year and they are now up over 50%. now by far my biggest holding.
i am losing track of how many buybacks have happened. it seems to be an almost permanent state of affairs. it is good to see this when an share price is increasing. it is getting to the point where, from a purely mathematical point of view, it might well start having miraculous-like effects on the EPS growth.
the buybacks must be getting on for something like 2.5b in total over several years.
current market cap is 26b. only 3 years ago it was less than half that. so going back in time, what has been bought back is now a very considerable % of the company's value only 3 years ago.
still the p/e is only 7.5. p/b still only 0.52. eps growth 28% (sure this will skyrocket) and peg only 0.2. RoE showing a nice gradual trending increase. i thought the rise in share price might have put a buyer off but it still looks good value. they must be kicking themselves that they didn't launch a bid.
wealth management in se asia will be a huge growth business. i can get onto the stan s e asia site and some of the info on it, and the questions clients ask, is top notch. there are still many people in that part of the world who hold cash and don't take risks. but the younger generation is different and stan in as good a place as any to make bucketloads from this.
it is, despite the huge share price increase recently, being held back by china concerns of various types. so no news from china / trump etc is good news.
so even if i am talking to myself on here, this is my 2025 pick of the year. pru is no 2 (similarly overlooked and has an interest in the same area with the same headwinds). both still well below historic highs set a long time ago. and silver is no 3 |
does anyone know the overall total of the buybacks since they started? currently it is over £5m per trading day. i am trying to calculate what % of the market cap it has taken back. not as of now, but the market cap as of when it all started. there has been significant share price appreciation since it all started.
a bb on a rising share price is when i want to see it. not on a falling share price like abdn and vod, where it looks like they are desperate to support a plunging sp |
Trump back - Good for most banks - |
Any reasoning behind the very steady rise recently ,
there was talk ages ago about a buyer from the middle east ? |
4*
Standard Chartered kept the reporting from the UK banking sector solid with an impressive Q3 performance. Operating income was up 11% to $4.9bn, up 12% at constant currency (ccy), with Net interest income (NII) up 9% to $2.6bn, Wealth Solutions up 32% and Global Markets up 16%. Ongoing efficiency drives helped to keep operating expense growth far more modest at 3%. So profits grew robustly in the quarter. Underlying profit before tax was $1.8bn, up 41% at ccy while reported profit before tax was $1.7bn, up 180% at ccy...from WealthOracle
wealthoracle.co.uk/detailed-result-full/STAN/925 |
Great results today. |
Price to Book 0.5x |
Where does the share price go from here this court case could drag on for some time |
Strong results |
Q1 results Thursday |
18M share volume today. |
Takeover coming? Finally? |
From Sharecast FWIW:
Standard Chartered attracting more takeover interest - report
Standard Chartered has reportedly come under the spotlight amid a fresh round of takeover talk.
In an ‘uncooked alert’, markets blog Betaville said people following the situation have heard rumours that StanChart has attracted more takeover interest.
Some people following the situation have heard speculation the interest has come from the Gulf region in the Middle East, possibly Abu Dhabi or Saudi Arabia, it said. |
 In equity markets, Standard Chartered tumbled after it posted a drop in third-quarter pre-tax profit, as it took a hit from its exposure to the Chinese property and banking sectors.
In the three months to the end of September, pre-tax profit fell to $633m from $1.4bn a year earlier. Analysts were expecting pre-tax profit of $1.44bn.
The bank said credit impairment charges in the quarter were $294m, up $62m on the same period a year earlier, and $186m of which related to the Chinese commercial real estate sector.
In addition, StanChart said it reduced the carrying value of its investment in China Bohai Bank by $697m. This reflected subdued earnings and a challenging macroeconomic outlook, it said.
Richard Hunter, head of markets at Interactive Investor, said: "China remains both a blessing and a curse for Standard, with the country's faltering economic recovery weighing heavily on these results.
"The currently parlous state of developments in China are an inevitable concern, although Standard is adequately capitalised to withstand such challenges.
"Indeed, in the medium and longer-term the Chinese economy should provide some significant opportunities, and in a region where the bank has a well-established and trusted presence. Despite any disappointment which this latest update has delivered, the market consensus of the shares as a cautious buy encapsulates both current challenges and future prospects."
Please do your own research as always |
The major problem and probably ongoing " China CRE portfolio Expected Credit Loss provisions $1.1bn on Stage 3 exposures of $1.4bn;" |
Please do your research as always |
Bank of America all better.
Goldman Sachs Reports 2023 Third Quarter Earnings Per Common Share of $5.47 and Annualized Return on Common Equity of 7.1%
Please do your own research as always. |
Please do your own research as always |
(Bloomberg) -- China escalated its defense of the yuan by delivering a strong verbal warning to speculators and forceful guidance to investors with its daily reference rate, measures that pushed the managed currency away from a 16-year low. |
Sells Aviation Leasing business due before Full Year 2023 Earnings Release February 20th 2024.., possible spccial divi looking at the numbers |
China is in deflationary environment. Still 700p handle? |
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