Standard Life Share Discussion Threads

[shalder] 13/4/2016 09:40

Also watch out for the xd effect tomorrow.

[philo124] 13/4/2016 08:31

Need to breakout from 365p first.

[chinese investor] 13/4/2016 08:24

Very Soon At This Rate !

[cockerhoop] 12/4/2016 12:48

Thanks Dave,

The settlement of the largest component of NAV (over $40m) for $65m is obviously positive and substantially de-risks JIL with the remaining outstanding cases having smaller carrying values.

[davebowler] 12/4/2016 11:22

JIL looks suitable;
Liberum;
Juridica Investments Ltd.
Two cases reach settlement

Event
Juridica Investments yesterday announced the settlement of two cases in the portfolio. Together, these cases represent $55m or approximately 43% of the last reported NAV of $126m (or approximately $0.49 per share) as of 31 December 2015.

One case has reached a definitive settlement agreement, which is expected to result in gross proceeds of $65m. The other has reached a partial settlement and while the case remains ongoing proceeds of $800,000 are expected as a result of the partial settlement agreement. The company expects that net proceeds (following deductions for tax and other reserves) will be received before the end of this year and will make a distribution to shareholders in an appropriate fashion.

Liberum view
The conclusion of these cases, especially the large final settlement agreement is a positive development for the company which announced a total comprehensive loss of $49.2m for 2015 (as result of revaluation losses) and a 31% decline in NAV for the year. The company is now in run off and will return capital to shareholders on completion of investments. The company's portfolio now consists of 14 active cases. Excluding the gross proceeds from the newly settled cases, the company has generated net cash proceeds of $222.4m and a 41% NAV total return from inception to 31 December 2015.

The share price climbed sharply following the settlement announcements, closing approximately 18% above the opening price reflecting strong buying interest over the day on the back of the news. The company is now trading at a 31% discount to the last reported NAV.

[chinese investor] 11/4/2016 08:44

400p Soon !

[chinese investor] 11/4/2016 08:34

I've Topped Up !

[oakville] 11/4/2016 04:21

Great company really cheap under £4.

[spcecks] 08/4/2016 13:49

Happy to hold and buy on any weakness as I think the dividend is safe here.

[shalder] 08/4/2016 13:06

I think you put your finger on the problem - Brexit worries could indeed be the trigger for the next bear market imo. Altho the London market generally appears unfazed by that so far, this could change in an instant.

[essentialinvestor] 08/4/2016 12:33

BREXIT is weighing on the entire sector, opportunity in my view
unless you think we are knocking on the door of a new bear market here.

[pierre oreilly] 08/4/2016 12:30

The way I see it is that there have been a lot of changes recently on pensions, insurance tax, and other things affecting the market where sl. operates. So uncertainty of how it will ultimately affect sl.s business. My view is that whatever the situation, companies like this in finance will somehow make more money than before the changes.

[philo124] 08/4/2016 12:09

No. Unloved.
So far, so good.

[chesty1] 07/4/2016 15:48

Is there a chance SL. will reduce it's dividend ??

Why is this so weak at the mo...!!!

[f1araway] 07/4/2016 14:41

At least the depressed share price is good for the scrip dividend strike.

[essentialinvestor] 07/4/2016 14:26

The BREXIT uncertainty has depressed the share price by at least 10% imv,
this could still weigh further unfortunately, however longer term
then if you are an optimist it is an opportunity.

[philo124] 07/4/2016 13:44

Good switch.

[pierre oreilly] 07/4/2016 12:45

Sold these exactly a year ago at 4.01, so bought back today with this years isa cash. So income goes from 1.6% with tescos to 5.4%. elh.

[skyship] 07/4/2016 12:00

ASPL & NBDG added; WIND deleted.

Personally I won't be buying ASPL as I wouldn't trust the management or anything to do with Malaysia.

I will post some facts on NBDG later.

[philo124] 07/4/2016 11:18

Thanks got this one right I think but others I have bought back into having sold higher up have been bad moves.

[essentialinvestor] 07/4/2016 11:09

Phil, wish I could call individual share price movements as well as you can!, well done.

[philo124] 07/4/2016 11:04

Topped up by 100%, bought back what I sold at 463p, lol.
Thanks for pointing out xd date and divi amount.

[spcecks] 06/4/2016 13:29

Have also added again in my isa as looks good value and a good dividend yield.

[its the oxman] 06/4/2016 09:12

Regardless of immediate price action, current level, yield and chart, looks tempting and good value for longer term. Fingers crossed. Also does anyone have any idea on what uplift could come ipo of Indian operations?