Standard Chartered Share Discussion Threads

[richard xii] 21/8/2014 15:14

I have sold Stan after having bought in 2003.I was concerned about the quality of management. There are questions relating to the chairman and the CEO as well as senior management - Karen Fawcett sounds like a Davida Brent on interview. And there is a risk of imposing organizational change with a feeble senior management. See the Emmanuel Daniel blog for further analysis.And even when Mr Lawsky told them what to do in 2012 they didn't do it, preferring to pay a further fine this year. Now the dumped customers will extract further funds from them. Add on getting duped by fraudsters in Hong Kong and losing money in Korea....

[buywell2] 20/8/2014 06:57

No

And the market hasn't either yet

[kiwi2007] 19/8/2014 09:17

Standard Chartered is in talks to pay up to $300m to New York's top banking regulator to settle allegations it failed to identify suspicious transactions, despite promising to improve its procedures after it was fined for violating sanctions rules two years ago.



Don't these guys learn?

[brutus8] 17/8/2014 19:39

GetStuckIn

[hvs] 17/8/2014 18:59

Stay well CLEAR.

[supermarky] 16/8/2014 22:54

Not going anywhere fast

[hvs] 07/8/2014 18:09

lol !!!!!!

More fines.

BONUSES and PENSION TOP UPS TO BOOT

Very nice.

[hvs] 06/8/2014 12:55

Is they all getting FAT ?

[blackcross] 06/8/2014 12:53

Ian Gordon...says...
Still) probably the best bank in the world.........

PPI misselling, NIL. LIBOR manipulation, NIL. CCA breaches NIL. EPS UP 7% to 94.6c in H1 2014 vs 88.1c in H1 2013 (reflecting non-recurrence of a £1bn Korean goodwill writedown and tax rate normalisation). This is a 2% EPS beat vs Bloomberg consensus (93.0c). Underlying RoE of 10.4% is respectable and ahead of peers, revenues down 5% H1/H1 as guided (vs -9% at HSBC (Hold)). CET1 CRD IV ratio (end point) remains robust at 10.7%. The tNAV per share rose 7% H1/H1 to 1647c. Dividend kept at 28.8c. Crisis? What crisis? Buy.


H1 2014 was actually a very difficult half, with a raft of material H1/H1 headwinds in Financial Markets, cash/trade, own account, principal finance, Korea and FX. The outturn: u/l revenues down 5% and u/l PBT down 20% had been suitably guided within STAN's 26 June pre-close statement. No surprises. Tables 1&2 (page 2) compare the H1 2014 outturn vs our/consensus forecasts.

As discussed in our results preview, Never, ever, give in!, 10 July, looking ahead, H2/H2 offers materially easier comps in Financial markets, cash/trade, ALM, and Korea while current spot rates suggest an FX headwind in H1 should become a meaningful tailwind in H2. We also hope to see a resumption of growth in Corporate Finance. The pipeline is strong. 2014e may not be a stellar year, but we expect a kick-start for revenue-led growth in H2 2014e & beyond.

In an unwelcome development, STAN is in fresh discussions with a New York regulator over an alleged computer glitch. Media sources suggest that it is seeking to extract "over $100m" this time around. Recall that US agencies collectively settled for US$0.7bn from STAN for a technical breach of US regulations in 2012.


Alex Potter, now of Mirabaud, remains cautious.

StanChart is no longer expensive, relative to European banks but neither is it cheap relative to global and Asian peers. Revenues are still falling and management is resolutely sticking to its line about continuing to investment for future growth. This means the cost base is, increasingly unmatched to the revenue performance and also means an inflection point is not to be found here. The group has done just 51% of FY14 consensus earnings at this stage, in the seasonally better half, but there could still be a 2-4% downgrade with these results. Our view is that it remains too early to call the bottom, we fear.

[brutus8] 05/8/2014 07:58

You numpty.
The 6 is tomorrow.
20% drop in profits news has been out for a month

[buywell2] 03/8/2014 16:09

Thursday looks like being a bad one for STAN

[smurfy2001] 02/8/2014 22:55

In my view l hopes below £10.

Under pressure Standard Chartered boss to unveil profit drop


Standard Chartered warned that operating profits in the first half of the year will be around 20pc lower than in 2013, and that this will lead to a second-straight fall in annual profits.

According to forecasts from Numis, pre-tax profits in the first half of the year will fall 22pc to $3.2bn (£1.9bn), largely due to lower income at its financial markets trading operations.

[libertine] 29/7/2014 10:27

Standard Chartered Raised to Overweight From Neutral by JPMorgan Cazenove

[hvs] 25/7/2014 15:24

Its going down.

A bit like your head in the sands here.

[buywell2] 25/7/2014 10:09

Lots of Institutions will have egg on their faces when current SP's in the likes of TSCO , GSK, MRW , MKS, BARC and STAN hit their chart targets.

That many have not yet sold indicates naivety in their belief that they think they know better than Mr Market does.

But then again it ain't their money they invest is it.

1000p looks a nice round number

Long term Support on channel trend lines cross there



Charts rule OK

[zulu001] 25/7/2014 09:31

That's a worrying insight.



Karen Fawcett

[blackcross] 24/7/2014 22:52

Interesting hatchet job on Sands

Standard Chartered: "A failure of franchise"
Posted on June 12, 2014 by Emmanuel Daniel| 53 Comments | Visitors: 52,046

Standard Chartered Bank is broken. It was breaking up in full view over the past few years, except that it was not in the way that analysts think about banks. The worst is yet to come, but I thought I should write these thoughts down so that events can either confirm or deny my worst assessment...........more....

hxxp://www.emmanueldaniel.com/standard-chartered-banks-franchise-slayer/

[hvs] 24/7/2014 17:42

Banks are run for BANKERS with a W not for investors stay well CLEAR.

[blackcross] 24/7/2014 16:59

HSBA on a bit of a roll but STAN still flirting with 1200p

Some comment from the top on yesterdays FT story.



plus some analyst reaction.

[hvs] 23/7/2014 13:24

Nice BONUS increase and PENSION TOP UP.

They run banks for themselves NOT FOR SHREHOLDERS.

[salpara111] 23/7/2014 13:04

I had been looking at this one for a few weeks and have to say I am amazed it is up today.
There are two very large negative articles in the FT today, one on the front page! talking about how the bank has lost its way as it has become "middle aged" and that it is rapidly dropping down the league tables for different sorts of deals/transactions.
There was even talk about a divi cut.

[hvs] 23/7/2014 08:14

Dont buy banks.

Bunch of crooks.

[buywell2] 23/7/2014 06:53

Today una

Expansion plans stop

Worst profits for 12 years

Trouble in ASIA due to get worse 1170p test today ?