Standard Chartered Share Discussion Threads

[wllmherk] 27/2/2015 21:21

Charley Ive been trading/Investing for around 8 years and recognise some of the mistakes you are making. Don't sell STAN at a loss. Why would you ?

The price might fall next week and you might end up down a large paper loss, but, that is all it is, a paper loss. Unless you think it is going bust I would hang on, it will eventually recover. I would only sell at a big loss if I think I might lose everything. This happened to me during the banking crises when I lost 23k on HBOS. I sold out and recovered all my losses within 4 years. In recent years I have been down substantial sums in various shares EMG, DEB, RSA, but, as I thought the companies were basically sound I held on. They recovered and I sold at a profit. I was down close to 20k in each one. You have to be patient. If your investment pays a dividend then so much better, no need to panic, just enjoy the income. Sometimes its best to switch of the pc and go do something else, the stock market will still be there when you comeback.

wllm

[charleybrown] 27/2/2015 18:49

rimmy 2000
after receiving last divi at MRW share price dived ,got cold feet wandering
if i was going to lose a packet, knowing i was using my profits ,sold at a loss
experience tells me now, should have held.also reading bad reports on MRW.
STAN. first lot i purchased around £12 just before the sell off ,and the big drop
in the share price as i said i have been buying in at a lower price to try and
reach my BE price of £1054 , so if i am right BARCLAYS tuesday and STAN wednesday
next week. if ? stan go up again i very tempted to sell and get out, before wed.
or do i hold and live with the share price pos, at £850 and the divi and wait for the recovery ,which may take years, your thoughts welcome thanks.

[moneysage] 27/2/2015 18:05

congratulations and well done to anyone who caught that 10% 2 day rally!

[rimmy2000] 27/2/2015 17:26

sounds like a tough position to be in.

What was reason you bought MRW - and then sold at a loss? It pays a divi, and ousted the CEO. In my opinion it will recover somewhat. I also hold mosrrisons and keeping them for long term using dividends to reinvest in more shares. A good long term hold, and very low risk. I am surprised you sold a loss on this. Let me know why you bought, and what made you sell.
As for STAN. Sounds like you have no real plan to trade this, other than (i suspect) the price being at a low, which was your incentive to buy.
Taking a loss on this of £1846 and then hoping to make it back is a bold, and probably foolish decision. TO take the loss is one thing, but to then say you will hope to make that back by buying cheaper is clutching at straws, at best, imo.

Again, why did you buy this? I have been watching this for a while. I nearly bought yesterday, and had I then I would be about 5% up today, approx £100 on a £2k investment. However I decided to hold out and see what happens comes results. I might have missed the boat (so be it) or I might get a better idea upon results. Money is on the side waiting for now. Did the same at TSCO and held off several profit warnings and eventually bought earlier this year around 160p. Have over 50% profit on that currently, and their stores are improving, - even I started going back there! I'll do same as MRW: reinvest divi once it restarts and hold for a few years yet.

can I be of more help?

[charleybrown] 27/2/2015 17:13

Thanks very much rimmy2000
very interesting answer
I think what i have to ask myself is have i the stomach to carry on purchasing
shares ,over the last 7 months buying and selling at one point was up some £2500
but gave it all back ,selling morrisons at a loss, since morrisons shares have recovered, so i now only hold one share, and you can guess what that is ,yes you got it STAN all 6557 of them,i have been buying down,to reduce my BE price which
now stands at £1054.2 i was unlucky today having missed not selling around £1026.
and would have been quite happy taking the £1846 loss as to be honest i not to
sure what's going to happen next week , and being a young 6....... year old
i have to weigh up is it worth the hassle at my age ,well there you have it
sell up and take the hit or carry on ,hoping the share will recover soon,

[rimmy2000] 27/2/2015 08:54

there is no harm in doing this, the question you need ot ask yourself is what you want to achieve. are you able to sell now at a profit or taking a loss.

There are also no guarantees that the price will drop next week. Its probably, not not entirely guaranteed. Another method would be to see the stake in your current holding that is in profit, and use that to reinvest next week.

Many think this still has bad news and will to a 'kitchen sinking' a la TSCO last month. Out with the old CEO, announce all the bad news and start afresh. If this happens its likely that the price will drop on the RNS. My view would be unless you need capital to buy some more, then why not keep your existing and have your finger poised on buy for next week with fresh capital..?

Alternatively look to diversify into other banks such as BGEO or HSBA perhaps..?

[charleybrown] 26/2/2015 23:54

26/02/15 23.52 gmt
not having done this before, i was thinking of selling all my shares in stan, wile the price is high 9.759 and waiting for the possible drop in the share price after the results next wednesday, and buying back in at a lower price,
if anybody has any suggestions they would be most appreciated.

[rimmy2000] 26/2/2015 19:15

smurfy, i was thinking exactly the same. capital on sidelines ready...

[robertfaulkner] 26/2/2015 19:10

The market liked it up nearly 50p + 5.4% in one day

What will Hong Kong do tonight?????

[smurfy2001] 26/2/2015 18:52

With a new CEO expect kitchen sinking and a new low in the share price IMHO.

[charleybrown] 26/2/2015 14:40

(Bloomberg) -- Standard Chartered Plc named Bill Winters to replace Peter Sands as chief executive officer in one of the bank’s biggest-ever management overhauls to help reverse faltering earnings growth and a slump in shares.
Winters, 53, a former co-CEO of JPMorgan Chase & Co.’s investment bank, will join the group in May, before taking over as CEO a month later, Standard Chartered said in a statement on Thursday. Chairman John Peace will leave in 2016, while Jaspal Bindra, head of Asia, plans to step down later this year.
Sands, 53, is leaving the bank after he failed to reverse a stock price decline over the past two years and a drop in earnings that ended a decade of growth. While the CEO last month announced the most aggressive cost cuts since taking over the job in 2006, his plan didn't convince investors and sparked months of speculation about the future of senior managers.
“Sands was an absolute disaster and the chairman was asleep when it was his job to replace the CEO,” said David Fergusson, chief investment officer of Singapore-based Woodside Holdings Investment Management Pte., who owns the bank’s shares. “Bill Winters is a good choice, a proper banker. It’s extremely good they didn’t pick someone internal.”
The shares initially jumped as much as 5.2 percent and have since retreated, trading 2.1 percent higher at 11:47 a.m. in London. They plummeted about 29 percent in 2014.
‘Excellent Choice’
Winters, who currently runs Renshaw Bay, an asset management firm in London, will receive a base salary of 1.15 million pounds ($1.8 million), according to the statement. His total potential compensation is as much as 4.6 million pounds.
He was ousted by CEO Jamie Dimon in September 2009 after 26 years at the bank and later served on the British government-sponsored Independent Commission on Banking. The native of New York founded Renshaw in 2011 with funding from Jacob Rothschild’s RIT Capital Partners Plc.
“Winters is an excellent choice to step in to fix up Standard Chartered,” said James Antos, an Hong Kong-based analyst at Mizuho Securities Asia Ltd. “First, he is not one of the expected names, so the clear indication is that major shareholders are demanding real change. This news should come as a fantastic relief to the market.”
‘Fresh Perspective’
Chairman Peace said changes to the board will give the lender a “fresh perspective.” Temasek Holdings Pte, the bank’s largest shareholder, said in an e-mailed statement that it welcomes efforts to “revitalize221; the board, saying “renewal must continue.”
Bindra, 54, group executive director, will step down from the board at the end of April and leave the company “shortly thereafter” after 16 years, Standard Chartered said. The bank plans to cut the board’s size to 14 directors “in due course.”
Ruth Markland, a senior independent director, and Paul Skinner, an independent non-executive director will retire from the board by the end of this year after serving since 2003. Oliver Stocken, on the board since 2004, is stepping down at the end of this month. Christine Hodgson, who joined the board in 2013, will become chairman of the remuneration committee.
Gay Huey Evans, 60, a former director of markets division at the Financial Services Authority, and Jasmine Whitbread, 51, a non-executive director of BT Group Plc, will join as independent non-executive directors in April, the bank said.
Asia Experience
“Bill is a globally respected banker and has the right experience and skills to drive the group’s new phase of growth,’ Peace said in the statement. ‘‘He brings substantial financial experience from leading a successful global business and has an exceptional understanding of the global regulatory and conduct environment.”
Sands became CEO in November 2006, making him the longest-serving boss of any major European bank. Under his tenure, total assets at the bank, which focuses on Asia, the Middle East and Africa, increased to $690 billion in June from $266 billion in 2006, according to data compiled by Bloomberg.
While Winters’s reputation for a “more collegiate style” than Sands is seen boosting morale, he lacks experience in running a consumer banking operation in Asia, according to Christopher Wheeler, an analyst at Atlantic Equities in London.
“Winters built out JPMorgan’s investment-banking business in Asia, but he lacks experience in retail banking in the region,” said Wheeler, who doesn’t have a rating on the shares. “He’ll be relying on people already on the ground to guide him.”
Declining Earnings
The bank posted a 16 percent drop in third-quarter pretax profit to $1.53 billion from a year ago as impairments for bad loans almost doubled and regulatory and compliance costs rose.
The CEO pledged on Jan. 8 to eliminate 4,000 jobs, shut equities trading and save about $400 million in expenses. The bank will release full-year earnings on March. 4.
Sands said it’s “absolutely the right time” to hand over to Winters and acknowledged the last two years had been difficult for him, on a conference call on Thursday.
Mike Rees, Sand’s deputy CEO and the executive who built up Standard Chartered’s wholesale bank, is staying on and there are no plans for him to leave, Chairman Peace said on the conference call. Rees may not stay for long, depending on what role he’s given in the new regime, Atlantic’s Wheeler said.
“There’s still a long way to go for the bank,” Woodside’s Fergusson said. “It’s sooner than I thought but not as soon as I’d hoped.”

[phillis] 26/2/2015 14:36

it's all about new leadership

[charleybrown] 25/2/2015 12:52

as you state stevenrevell a drop in profits due mainly to bad debts ,not much information around yet on suggestive figures ,one can only hope they are not to bad.? The fools report suggests that if they don't try to raise capital ,the share price might recover some of its losses with the divi at almost 6% i am not to worried as it may take another year or so , but i think they are in with a good chance of recovery , well i hope so , you never know 18 months down the line we may be looking at £13/14 a share , good luck all,and Peter if you're reading this
the shareholders need encouragement to hold on,

[stevenrevell] 25/2/2015 11:14

What will they read big drop I think for all banks get rid off the robbers an we will make on them

[charleybrown] 24/2/2015 23:59

REMINDER
Standard Chartered is due to post full-year earnings on March 4. 2015

[charleybrown] 24/2/2015 23:59

REMINDER
Standard Chartered is due to post full-year earnings on March 4. 2015

[kaffee] 23/2/2015 19:43

Any firm using the word Fungibility in RNS's deserves to have >2% wiped of its Market Cap.

[s2lowner] 23/2/2015 15:39

RNS this morning

Standard Chartered PLC

Two-way Fungibility of Indian Depository Receipts

Standard Chartered PLC (the "Company") announces the implementation of the third phase of redemption of Indian Depository Receipts ("IDRs") issued by the Company into ordinary shares of the Company ("Shares") under the partial two way fungibility programme originally announced on 29 April 2013 (the "Fungibility Programme"). Conversion of Shares into IDRs under the Fungibility Programme remains available on a continuous basis.

Full details of the Fungibility Programme are available at hxxp://investors.sc.com/en/.

Persons may only participate in the Fungibility Programme in circumstances where such participation does not give rise to any requirement on the part of the Company, Standard Chartered Bank, The Bank of New York Mellon or Karvy Computershare Private Limited in any jurisdiction to comply with any filing or other requirement or to pay any fees or expenses. US Persons (within the meaning of Regulation S under the US Securities Act of 1933, as amended) are not eligible to participate in the Fungibility Programme.

[robertfaulkner] 23/2/2015 10:13

Why has HSBA results upset Stan so much, STAN Hong Kong closed this morning(our time) up 2.39% UK down 2.84% so far

[gbb483] 14/2/2015 22:47

JeffCranbounre 14 Feb'15 - 15:24 - 139 of 140 0 0 (Filtered)

This idiot needs banning.

[jeffcranbounre] 14/2/2015 15:19

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[philo124] 05/2/2015 20:09

I think you will see 30% upside if you are patient and have a good divi whilst waiting.

[charleybrown] 05/2/2015 19:45

i hold 6557 purchased over the past 7 months, with a B/E PRICE OF £10.59
being new to share buying, bought in to high in the beginning and have made several smaller buys since to bring down my B/E price,
Things seem to be improving at STAN selling off a few assets/closing down non profit making bits of the business , note today from ABERDEEN ASSETS MANAGEMENT
not much wrong with the Bank,they have been buying more and hold just under 10%
of their holdings in STAN.RE PETER SANDS being replaced ,now not to sure as he
seems to be pointing the ship in the right direction and as you know it takes a long time to turn a ship around as big as STAN
Personally i think STAN shares are a good long term recovery hold and a decent
div/yield while waiting. good luck