Standard Life Share Discussion Threads

[harry rags] 23/5/2017 12:28

I thought it was today - pay day

[dogdays] 15/5/2017 20:46

The new company seems to have rather a lot of Directors etc.

[langland] 12/5/2017 09:29

Last week or so I have been buying back BCAP. PE fund where by far largest holding is close to being sold for what has been advertised as 105p per share out of the 108-10 current price. Should leave a rump of about 20p per share. However, after yesterday's monthly report from BTEM it looks as though there could be another 3-5p to come. Moulton bought 1.1mn at 107.5 a few days ago.

From BTEM yesterday....

Better Capital 2009 released an update on the sales process for Gardner
Aerospace. Back in November of last year, the company had announced
that exclusive discussions had begun with a Chinese buyer with an expected
completion date in Q1-17. The latest announcement stated that a formal sale
agreement has now been entered into and that the manager anticipates the
necessary remaining governmental and regulatory approvals will be granted,
allowing the deal to complete in May or June. Although the purchase price
for Gardner has not changed on an enterprise value basis between the dates
of the two announcements, the stated equity proceeds will be higher than
those implied when the deal was first announced due to Gardner continuing
to generate cash and pay down debt under its current ownership. While the
expected completion date has been pushed back, the shares rallied 4% on
the greater certainty that the deal will complete. Despite the increase in
Better Capital 2009’s share price, the implied discount on the ex-Gardner
rump of assets is exceptionally wide and thus we expect further gains upon
final completion of the transaction.

[rjmahan] 11/5/2017 23:55

Check out ALF and Rasmala also - RMA returning 2/3rds market cap as cash, ALF has many of the same holdings as GFIR but trading at a bigger asset.

more on www.deepvalueinvestments.wordpress.com if you are interested.

[tiltonboy] 11/5/2017 17:41

I have been buying an old dog, but it's not for the feint-hearted.

GFIR had a huge bonus at the start of the year when an asset that was in the books at £4000 paid out £600k.

They have had even better news in the last few weeks when the Brazillian asset owned by the Autonomy ii fund brought forward it's liquidity event to June 17.

They have since confirmed that all shareholders in Autonomy will be able to liquidate their entire holding. Alongside this, GFIR have announced a share buy-back at 14p for any loose holders.

If they achieve book for the asset, then adding in the cash there is about 20p. I wouldn't attach too much value to the remainder of the NAV, but there is a further 20-40p there at book.

[skyship] 11/5/2017 17:02

LSR & MTH are two of the above continuing to make forecastable and measureable progress.

CDI has had a good 2017, but has now stalled at c133p. They were certainly a good trade from around the 100p level.

NBDG has now moved from its Investment period into its Harvest period - likely to be 3-4yrs. As the USDGBP rate softened recently, so has the share price & the NAV. On offer at 78p versus the current NAV of 92p, they again look tempting ahead of the likely first distribution later this year.

Anyone else any thoughts?

[dr biotech] 10/5/2017 07:36

Decent update last night. Bit unusual to get it after hours rather than at 7am. Hope for a positive open.

[its the oxman] 02/5/2017 09:35

Good update from ADN today can't hurt.

[chinese investor] 24/4/2017 08:08

Happy Days are here again !

[stewart64] 19/4/2017 14:22

Well both Standard Life and Legal amd General have held up well to the flash crash.

A month ago I switched out of randgold and shell b for these two. Then we got the commodities surge and my mainly domestic portfolio was getting creamed by reference to the ftse 350. Then we get the flash crash ...shell and randgold get creamed,I am massively up on the deal including stamp duty and dealing. So far so good and thrashing the ftse 350 of late.

[dondee] 16/4/2017 13:16

Re post 9341.
I once tried this just before ex div.

I bought barc shares, shorted it on spread betting, got the dividend. It went down on xd, so then I got out of it with à small profit. So far - profit on short, profit on dividend.
I then Waited about a week to fortnight till barc recovered to my buying price, then got out with a small profit on the share sale to net IN TOTAL a couple of hundred pound.
It can be done, but obviously there is a risk, especially in having to wait for so to recover to break even or make a profit and the time that could take could be some time.

I only did it that once about twelve to fifteen years ago.

Regarding 'efficient pricing', hmm, is there really such a thing?

[stewart64] 13/4/2017 13:50

Yep 3.5% dividend only 3% down so far. It has behaved surprisingly well.

[chinese investor] 13/4/2017 08:10

Dividend is 13.35p so we're up !

[pal44] 13/4/2017 08:07

Hope this recovers soon

[f1araway] 13/4/2017 08:06

Trading ex dividend

[chinese investor] 11/4/2017 08:22

The Recovery Continues !

[stewart64] 10/4/2017 10:51

Didn't expect it to hold onto the gains from Friday, glad it has.

[chinese investor] 10/4/2017 08:25

Here We Go !

[f1araway] 08/4/2017 20:38

SL website says ex dividend 13th April & record date is 18th. ADVFN contradicts but assuming SL know what they're doing then apologies to all.

[stewart64] 08/4/2017 19:24

What I have found lately with x divs is that folk buy into the anticipated div but then others sell out to take advantage of the rise thereby foregoing the dividend. Examples Lloyds Bank at 70p a week before x div and tanked to around 64p before we even get to the x div date. Kier Group at £15 and again tanks to £14 before the x div date. Have noticed stocks getting punished three or four times the dividend payout ad people anticipate the drop in the share price. And we are supposed to have efficient pricing.

[chinese investor] 08/4/2017 12:34

fidra,
ADVFN are incorrect - the xd date is always 2 working days before the record date.

[fidra] 08/4/2017 12:16

The advfn page says 17 April.Of course could be wrong and it wouldn't be the first time.

[chinese investor] 08/4/2017 11:54

Final dividend is 13.35p and the ex div date is 13 April 2017.