Standard Chartered Share Discussion Threads

[togglebrush] 25/9/2012 08:40

Temasek, Singaport Wealth fund, is trying to sell its large share holding of $9.7bn (18%) and hence the dive in share price... RUMOUR in Press and on TV

[philo124] 14/9/2012 16:56

Good top up at 1104p eh?

[philo124] 14/9/2012 08:06

Well, there you go!

[philo124] 11/9/2012 17:14

Should see 1475p.

[miata] 04/9/2012 18:52

Buy target 1340p.

[miata] 23/8/2012 14:53

Below 1390p. Bounce point for the day.

[valedo] 22/8/2012 09:01

DJ India Scrutinizing Anti-Money-Laundering Systems of HSBC, StanChart

NEW DELHI--The Reserve Bank of India is examining the anti-money-laundering systems of the local operations of HSBC Holdings PLC (HSBA.LN) and Standard Chartered PLC (STAN.LN), the government said Wednesday.

The Financial Intelligence Unit--a government agency that scrutinizes suspect financial transactions--is also separately examining HSBC's systems to prevent money-laundering and terror-financing activities, junior Minister of Finance S.S. Palanimanickam told lawmakers in the lower house of parliament.

[miata] 20/8/2012 11:29

Not much interest in STAN today, despite rises in other banks, this is going lower.

Needs to get cheaper to generate interest, but the upside is likely limited at the moment.

[kiwi2007] 17/8/2012 23:37

StanChart hastens board shake-up


Standard Chartered is preparing a swift boardroom shake-up amid mounting pressure from investors over its handling of allegations that it hid details of transactions with Iran totalling $250bn.

The overhaul, expected in the next few months, is intended to strengthen the bank's circle of non-executive directors, more than half of whom were appointed several years before the start of t..........

more....snip.......

.....Criticism has also been directed at Sir John Peace, StanChart's chairman. One top 20 investor said he feared Sir John had "taken his eye off the ball" because of commitments elsewhere.

Sir John chairs two other FTSE 100 companies: Burberry, the fashion designer, and Experian, the credit services provider. "Sir John needs to concentrate on his role at Standard Chartered," said the shareholder. "That could mean giving up other commitments."

The bank was already planning to strengthen its board before the New York regulator published its claims to address issues around length of tenure. These changes will now take place sooner than expected, say people close to the company.

Earlier this year Temasek, the Singapore sovereign wealth fund that holds an 18 per cent stake, withheld support for the re-election of all executive directors except Mr Sands and two non-executives.

People familiar with the situation said its stance reflected broader concern about the structure of the board rather than any specific anxiety about individuals.



Still the best buy for exposure to the EM's IMO.

[snatander] 17/8/2012 12:33

going red?

[kiwi2007] 17/8/2012 10:47

Oriel upgrades Standard Chartered

Mike Trippitt, analyst at Oriel Securities, has upgraded scandal-hit Standard Chartered (STAN.L) from 'reduce' to 'buy', believing the $340 million settlement with the New York regulator removes the imminent risk of the bank losing its licence.

'Having negotiated a settlement of $340 million against $250 billion of transactions involving Iran,alleged by the New York state Department of Financial Services to have been noncompliant with US regulations, we are reassured that potential additional fines for US regulation breaches should be significantly lower than previously envisaged,' Trippitt said.

However, although the analyst called the fine itself 'immaterial' in the context of the bank's revenues, he warned that federal regulators may issue another fine, and that it's too early to rule out the possiblity of the New York banking licence being revoked. Although the bank has contingent clearing arrangements with other US-regulated banks if it were to lose its licence, this would mean giving up commission, he said.

Trippitt's target price falls from £19 to £18, but this still leaves considerable room for growth.

[miata] 17/8/2012 10:18

10:15 auction 292,367 shares at 1419p.

[miata] 16/8/2012 16:06

The money is trading this lower this afternoon:
16/08/12 14:53 1411.5 100,000 O 1411.5 1412.0 Sell
16/08/12 15:07 1410.5 32,500 O 1410.5 1411.0 Sell
16/08/12 15:15 1410.0 13,075 AT 1410.0 1410.5 Sell
16/08/12 15:15 1410.0 10,638 AT 1410.0 1410.5 Sell
16/08/12 15:56 1411.0 14,184 AT 1410.5 1411.0 Buy
16/08/12 15:57 1411.0 59,593 AT 1410.5 1411.0 Buy

[miata] 16/8/2012 10:00

Prices where the money is this morning:
16/08/12 08:00 1430.0 70,092 UT 1426.5 1430.0 Buy
16/08/12 08:33 1422.0 17,885 AT 1422.0 1423.0 Sell
16/08/12 08:41 1417.5 15,000 AT 1416.5 1417.5 Buy
16/08/12 08:10 1426.5 10,443 AT 1426.5 1427.0 Sell
16/08/12 09:09 1418.5 10,000 O 1418.5 1419.5 Sell

[philo124] 16/8/2012 08:53

Strong Divi Cover, forward p/e 9.2.

[miata] 16/8/2012 08:42

Nomura: "The two most important pillars of Standard Chartered's investment case are its balance sheet strength and its geographically advantaged balance sheet. Buy."

I would add 'buy below £14'.

[snatander] 16/8/2012 08:12

falling now

[snatander] 15/8/2012 23:33

Libor scandal: Seven banks summoned in US probe

Barclays was fined for trying to manipulate the Libor rates
Seven banks, including HSBC and Royal Bank of Scotland, are to be questioned in the US for alleged manipulation of the Libor inter-bank lending rate.

The other banks receiving subpoenas by the New York attorney general are Barclays, Citigroup, Deutsche Bank, JPMorgan and UBS.

[snatander] 15/8/2012 23:33

Libor scandal: Seven banks summoned in US probe

Barclays was fined for trying to manipulate the Libor rates
Seven banks, including HSBC and Royal Bank of Scotland, are to be questioned in the US for alleged manipulation of the Libor inter-bank lending rate.

The other banks receiving subpoenas by the New York attorney general are Barclays, Citigroup, Deutsche Bank, JPMorgan and UBS.

[philo124] 15/8/2012 21:06

Anbody think US regulators are trying to bring about financial meltdown by not
giving up on the libor issue?

[philo124] 15/8/2012 21:06

Anbody think US regulators are trying to bring about financial meltdown by not
giving up on the libor issue?