Standard Chartered Share Discussion Threads

[ball deap] 23/1/2014 00:35

Kiwi2007, Imo, When a fund manager says one thing do the opposite, they will not want to inflate prices so they can buy in before the crowd comes in to play. When they say buy, they have a large client looking to offload. All market noise looking to trick the crowd. Lol

[philo124] 22/1/2014 18:57

Wishful thinking? However, I do think that 2014 will prove (at last) the year in which the volume of large M&A will take place ahead of rising world consumer demand as we get out of the mess that's lasted 5 years; it almost biblical.

[pas100] 22/1/2014 18:17

Standard Chartered, the Asian focused bank whose shares have struggled for traction recently, is at the top of bankers' lists of takeover targets, according to the Financial Times. Analysts have recently suggested potential bidders, including Australia & New Zealand Banking Group. Shares rose 3% on Tuesday morning, to £13.68.

[ball deap] 22/1/2014 00:00

I love takeover talk it makes things so exciting.

[keith95] 21/1/2014 15:25

Don't ya just luv it when the shorters get squeezed :)

[kiwi2007] 21/1/2014 09:02

January 21, 2014 3:06 am
Standard Chartered back atop takeover target list
By Martin Arnold in London

hxxp://www.ft.com/cms/s/0/0bd13682-8208-11e3-87d5-00144feab7de.html?siteedition=intl#axzz2qxuOgdnJ

[kiwi2007] 16/1/2014 01:28

Unlikely that ANZ will move (at this price anyway).

"... Citigroup have hit on a key snag to such a deal from ANZ's perspective, - shareholder opposition to having their dividend franking reduced.

Dividend franking eliminates the double taxation of dividends. Citi analysts Craig Williams, Ronit Ghose, and Andrew Minton have issued a research report entitled Could a StanChart merger deliver benefits to ANZ? In it they suggest that in any ANZ takeover of Standard Chartered the Australian bank's shareholders could expect their franking rate to halve, something that wouldn't exactly be welcomed with open arms.

"We expect ANZ shareholders would not want to see their franking rate fall by half, as would be necessary in a conventional takeover offer. As with the BHP Billiton merger, if effected via a Dual-Listed Co (BHP and Billiton merged in June 2001 with listings on the Australian and London Stock Exchanges), ANZ Australian shareholders could retain full franking," the analysts write. "However a dual listed company would likely materially limit any merger cost savings."


Must admit I'm a bit disappointed with management at the moment. I hold these as, what I thought was, a very well run proxy for investing in Emerging Markets. They're not looking quite as well run as I had thought. At least at the moment anyway.

[ball deap] 15/1/2014 20:23

Here is the link to the ANZ potential takeover Talk http://m.heraldsun.com.au/business/anz-could-pursue-standard-chartered-in-asian-expansion/story-fni0dcne-1226801840489

[keith95] 14/1/2014 09:07

"Seasoned Standard Chartered investors will not be surprised that the emerging markets-focused bank has yet again become the source of takeover talk. Stanchart shares were trading flat in Hong Kong in morning trading, even after Citigroup analysts commented in a research note that Australian lender ANZ may explore a buyout. – Financial Times "

Always nice to know that the CITEH boys don't like losing money either.

[keith95] 12/1/2014 13:44

Rights issue talk has been around for a couple of months.

Dipped in ... and will see what pans out.

[miata] 12/1/2014 07:47

A verbose summary of pre-existing facts and opinions:

[cw2000] 11/1/2014 21:25

The article in the telegraph makes for an interesting read today. Talk of rights issues and problems ahead. Not presently invested here but will monitor this one.

[jonntara] 11/1/2014 10:03

Increased my stake on Thursday on the back of the 4% drop. Willing to follow it down further averaging down as I go.

[keith95] 10/1/2014 10:51

Well done Pas100 .. Ok I joined in ... not so well timed!

[pas100] 09/1/2014 15:56

I went large into this at lunch time and timed it perfectly :-)

Large DFBs SB and a signifant few purchases

This is such good value

Short Term & Long Term

IMO one of the best buying opportunites around

[keith95] 09/1/2014 12:57

Seems like UBS are caught long ....

I don't really know much about this share Miata ... do you have a target for the drop?

[miata] 09/1/2014 11:35

INVESTEC

Standard Chartered has announced a material business reorganisation, which includes the departure of long-serving and highly regarded CFO, Richard Meddings, and the promotion to Deputy CEO of Mike Rees – the architect of a decade of extraordinary growth within the Wholesale Bank. Given the timing, a negative reaction is inevitable as it will offer fresh ammunition to bears, especially in relation to the "capital debate". This is unfortunate, but it does not change our view on the fundamentals. BUY.

Mike Rees steps up to Deputy CEO with responsibility for the "combined" Wholesale and Consumer Banking businesses, (i.e. the entire group). With a proven record of execution in Wholesale, we regard his retention and elevation as a clear positive. Steve Bertamini, Head of Consumer Banking, steps down.

The rationale for the departure of Richard Meddings as CFO by 30 June is less obvious, with his successor yet to be appointed. Unfortunately, we fear that bears will seize on this development to "press the case" for a capital raise.

We continue to regard the rationale for any such raise as unfounded. Standard Chartered starts from a position of extreme capital strength with a Basel 3 "fully loaded" CET1 ratio of 10.6% at H1 2013 vs HSBC (Buy) 10.1%, Lloyds (Buy) 9.6%, RBS (Hold) 8.7% and Barclays (Buy) 8.1%. (Barclays has taken action.)

The key difference is that, in contrast to peers, Standard Chartered continues to grow its balance sheet strongly, and as such, the pace of growth in its CET1 ratio is slower. We forecast 11.3% by 2016e which we regard as more than adequate for STAN – further underscored by its new pledge to grow EPS faster than RWAs – but we acknowledge that such a view is not universal.

FY13 results will be presented under the existing structure, with improved visibility of (newly defined) customer segments to be provided from H1 2014.

[miata] 09/1/2014 11:32

UBS

We take the absence of negative news as a positive signal. Had performance been materially below where the market had been guided at the Q4 pre-close, the group would have needed to disclose, it hasn't. The market also continues to speculate about the need for a capital raise which again feels unlikely. If such was going to be undertaken, the business reorganisation would have provided the opportunity.

[kiwi2007] 08/1/2014 17:08

India a problem (apparently) and a possible cash call coming - 1 for 5 @ 1000p or summit like.

[jonntara] 08/1/2014 17:02

I sold some Lloyd's to buy these.Never mind their time will come.

[glyndwr2] 08/1/2014 12:39

This is turning into a real dog.

[smurfy2001] 28/12/2013 15:00

Warnings come in three's.

[hvs] 19/12/2013 09:54

U should be worried about the proftability and bad debts.

Wait for the next results. Its all EMERGING aint it ?