Standard Chartered Share Discussion Threads

[jdb2005] 08/11/2015 13:10

See in Investors Chronicle on Friday they are advising holders not to take up STAN's rights issue at 465p.

Issue Price of 465 pence per Ordinary Share represents a 34.8 per cent. discount to the Closing Price of 713.6 pence on 2 November 2015 (being the latest practicable date prior to the announcement of the Rights Issue) and a 29.4 per cent. discount to the theoretical ex-rights price.

Friday's close at 614.5p shows some are wary of backing the mgt to achieve recovery in value & think STAN may not have sufficient funds to achieve its strategic objectives.

[diku] 07/11/2015 15:38

600p anybody?...possibly even 550p....

[diku] 06/11/2015 11:14

If I read it correctly no divi for year end....obviously they want money coming in and not going out!!...all the divis holders got last few years is now recalled back via RI...it is normal practise within the PLC casinos!!...

Does anybody know the ticker symbol for the rights shares?...

[jdb2005] 06/11/2015 10:34

Look at the company's update

[sleepy] 06/11/2015 08:35

Is there any indication of level of dividend following the rights issue?

[revell40] 06/11/2015 08:20

For the very brave these I think a lot more downside yet lots of hidden gremlins ere

[shawzie] 05/11/2015 20:19

Remember how far other banks fell?
Who knows what bad debt is hidden in STAN.
After issue of shares at 465p share price should be around 590p if today's share price is sustained.
Not for the faint hearted.

[gateside] 05/11/2015 18:05

Well £4.65 is the Rights Issue price. So who knows it may go as low as £4.65

[diku] 05/11/2015 17:46

steven....£4.75?....

[jdb2005] 05/11/2015 16:13

Fortunately I closed at 650 this morning

Think now at 625 the sell-off near bottom.

[jdb2005] 05/11/2015 09:26

Went Long at 643

[stevenrevell] 05/11/2015 09:25

Add at £4.75

[jdb2005] 05/11/2015 08:42

With STAN down to 647 this morning it is starting to look as though may be possible to add at 645.

[jdb2005] 04/11/2015 18:05

STAN was down yesterday 11% and rallied to finish at 663.9.

Road it up to 689 at 11.05 for nice profit.
Should have gone short then but waited & picked it up at 667.

Lets see which direction it moves tomorrow - Dow down tonight as Yellen tries to quell the surge in US stocks in last few days by suggesting possible rate rise could be considered at Dec mtg.

[diku] 04/11/2015 10:44

Hence the Chinese are cutting rates....all is not what it seems...

Remember when the share price was around 1400p those so called Analysts were pumping double digit growth in the Asia economies going to the moon!!...

[deanroberthunt] 04/11/2015 07:26

festooned with INDIAN and CHINESE toxic loans that could make the US Subprime debacle look like a blip

[ball deap] 03/11/2015 22:21

Now if you have any sense you will reach for the door, open the door and bail out of the door. The restructure is going to kill the share price I was kind enough to pass on the sell signal I got from a Albainion UK resident insider in August who said sub 5 soon.

[cerrito] 03/11/2015 20:54

winsome147
I find it very difficult to imagine a scenario where dividends on STAN prefs are suspended.
Remember that NWBD-prefs issued by Nat West-paid dividends right through the financial crisis as did the other RBS prefs

[winsome147] 03/11/2015 19:59

kiwi2007 - try googling MANNERS

I asked the above because the rules are unclear. The company cannot pay divs on ordinary shares without paying divs on the prefs. As they have already paid an interim div this year on the ord shares then does that mean they must pay the next div on the prefs which I believe is paid 6 months in arrears? Or do payments only have to align on an interim basis?

Presumeably next year they could in theory axe the payment on the prefs if they do not intend to pay a div on the ord shares but how likely are they to do that?

I'd welcome a constructive opinion.

[jdb2005] 03/11/2015 17:02

STAN ended down 7% after at one stage down 11%.

Shorters will have had a field day here.

[robertfaulkner] 03/11/2015 17:00

Well off days low, I wanted to get in low for a quick bounce but missed it at 10:45

[asagi] 03/11/2015 11:26

kiwi2007 - that may be a very succinct way of looking at it. It's very sobering for us longs.

Asagi (long STAN)

[kiwi2007] 03/11/2015 11:17

It's now a lossmaking bank with no visibility on EM bad debts and whose capital is too thin ahead of a stress test.

[kiwi2007] 03/11/2015 10:57

Nice one for your sipp @600p.

[kiwi2007] 03/11/2015 10:55

winsome147.. try googling PREFERENCE shares...