Standard Chartered Share Discussion Threads

[miata] 20/5/2014 20:30

I presume NW won't have funds to buy until June, but it will be interesting to see what effect he has - I expect (hope) to see it on tobacco shares.

[philo124] 20/5/2014 20:17

Perhaps Woodford has been buying this as well.

[miata] 20/5/2014 17:18

20 May 2014 Standard... STAN Citigroup Buy 1,339.50 1,333.50 1,550.00 1,550.00

[miata] 14/5/2014 09:13

Dividend payment. ($0.572).

[miata] 08/5/2014 13:58

How things have changed. Forecasts for 2014 now versus a year ago.

Revenues 11,615 14,867
Earnings 125.8p 173.2p
Dividend 53.05p 65.96p


08 May 2014 Standard... STAN Investec Buy 1,310.00 1,280.50 1,600.00 1,600.00

08 May 2014 Standard... STAN Espirito Santo Execution Noble Buy 1,310.00 1,280.50 1,575.00 1,575.00

[keyhole] 08/5/2014 13:38

This share baffles me. This time last year they were over £18. Was that all on hype of a Chinese buy-out?

[philo124] 08/5/2014 10:24

... On a bad market day, I think.

[philo124] 08/5/2014 10:13

Worth topping up?

[miata] 08/5/2014 10:06

"Our performance so far this year is in line with our expectations. On 1 April we completed the reorganisation announced in January. These changes align the organisation to reflect our refreshed strategic priorities."

'refreshed strategic priorities' - dear me.

Market happy that the results were only poor not bad.

[hvs] 16/4/2014 18:14

Its the BAIT.

It will soon well emerge.

CHINA is a STAR and HONK KONG even better

[miata] 16/4/2014 14:31

16 Apr 2014 Standard... STAN Investec Buy 1,321.00 1,322.00 1,600.00 1,600.00

[tweeeek] 09/4/2014 14:16

In today at 1330, upwards and onwards.

[miata] 09/4/2014 12:16

Slightly double-edged push - reduction of 100 in TP, but Ian Gordon of Investec remains a fan. 09 Apr 2014 Standard... STAN Investec Buy 1,326.00 1,290.50 1,700.00 1,600.00

Investec
We do have concerns. STAN has already reported the strongest CET1 CRD IV ratio in the UK banking sector, (despite materially lower G-SIFI and Pillar 2A requirements), yet management appears willing to prioritise further capital strengthening ahead of revenue growth. Both issues are important, but we would not wish to see high-return but "non-strategic" assets sacrificed on the altar of gold-plating existing capital strength for anything less than 'full value'.

STAN already has the strongest outlook for Return on Equity of any UK bank in 2014e. Indeed, even in its annus horriblis of 2013, its normalised ROE was 11.2% (2012: 12.8%). We expect positive jaws with broadly flat impairments through 2014-16e, with RoEs of 10.8-11.7% over the period. However, we are concerned STAN may overly focus on RoRWA improvement to the detriment of absolute growth. We know that many investors applaud precisely such "renewed" focus on returns versus growth; we are less convinced.

The slowdown in Financial Markets revenues in H2 2013 was severe, down 27% to $1.5bn vs. a strong H1 2013 ($2.1bn). Expect a subdued performance in 2014e: we forecast down 9% H1/H1, but up 7% H2/H2. Similarly, we forecast flat transactional revenues in H1/H1, but for H2/H2 we forecast +8%.

Buy reaffirmed. Our RoE-g/CoE-g-derived TP is cut to 1600p (from 1700p) but on 1.3x 2014e tNAV, 8.2x 2016e EPS, a 4.7% 2016e dividend yield and RotEs of 12.4-13.1% through 2014-16e, STAN was and remains our sector top pick.

Near-term, it is no secret that H1/H1 comparatives will prove challenging and, to make real progress, the bank must offer evidence of a recovery that may not be definitively 'confirmed' before the FY14 results in March 2015. However, once investors see tangible signs of the emerging revenue reacceleration story, we expect the shares to respond strongly. Buy.

[blackcrossinresidence] 09/4/2014 12:01

And Investec giving it a push today - "However, once investors see tangible signs of the emerging revenue reacceleration story, we expect the shares to respond strongly. Buy."

[philo124] 09/4/2014 08:54

Thanks for your various updates MIATA.

[miata] 09/4/2014 08:42

A boost from Merrill who said Stan's Korean operations should return to profit next year as the market was bottoming and major corporates looking to borrow dollars were underserved by domestic peers.

[miata] 02/4/2014 20:47

Date Broker name New Price Old price target New price target
02-Apr-14 Espirito Santo Execution Buy 1,281.00p 1,575.00p 1,575.00p

[philo124] 02/4/2014 19:29

Night follows day; Day follows night. Buy quality stocks with yield when they are down and out.

[miata] 16/3/2014 16:57

STAN is NOT one of the banks being sued in Federal Deposit Insurance Corporation, et al, v. Bank of America Corp, et al, U.S. District Court, Southern District of New York, No. 14-1757.

[dandanactionman] 16/3/2014 16:27

Is the new US LIBOR action going to effect STAN? I can't find them named in any of the articles but unsure?

[ball deap] 12/3/2014 23:17

Agree smurfy, I reached for the door and bailed out killing all my banking positions last Friday luckily!!! . Sentiment has changed, Barc, HSBA and stan have gone well off piste for my liking.

[gretel1921] 12/3/2014 23:16

All the directors are jumping ship, with 7 of them selling stock today.

[keith95] 12/3/2014 17:05

Credit Suisse have a 1200 target which was hit today .. with Jefferies at 1100 so I'm guessing that 1100 is the lower end for now ...

[jonojubb] 12/3/2014 11:07

What was the divi?