lastminute-world
23 May 2017
GOLDMAN SACHS BUY Date Broker name Goldman SachsOld price target New price target Broker change23-May-17 £10.00 £9.50 Buy ReiterationPlease do your own research...
II Editor
22 May 2017
NEW ARTICLE: Chart of the week: A chart technician's dream "STAN is riding my wavesThis share LSE:STAN:Standard Chartered has been one of my favourites since I started writing COTW because it has traced out lovely textbook Elliott waves, trendlines/tramlines and Fibonacci retracements. In fact, it has ..."[link]
1al
16 May 2017
White times article today A buy they reckon, citing $3 billion of profit for the full year, recovery in full swing and 8 % return on equity. The story they say is "compelling". It's been a long old miserable time for holders but if growth continues in S.C. markets we might once again see a price a good deal north of here1al
losskop
28 Apr 2017
Re: Good results market clearly don't like them now they have had a chance to digest
II Editor
26 Apr 2017
NEW ARTICLE: Surging Standard Chartered defies the doubters "Traders acted quickly when LSE:STAN:Standard Chartered released its first-quarter results Wednesday. Made public at 9.30am, the shares had risen over 5% to 764p within half-an-hour and, after a brief blip, have resumed their recovery rally.Fair ..."[link]
DevonianDracula
26 Apr 2017
Re: Good results Indeed!Who knows, but we may even see a token interim dividend this year.
nk1999
26 Apr 2017
Good results Excellent Q1 statement - Extracts:"First quarter financial performance highlights· Income of $3.6 billion was up 8 per cent year-on-year or 4 per cent excluding prior year Principal Finance losses· Expenses of $2.4 billion were well controlled and consistent with the run-rate seen in 2016 as a whole· Loan impairment of $198 million was particularly low, down 58 per cent year-on-year· Profit before tax of $1.0 billion was up 94 per cent year-on-year or 26 per cent excluding Principal Finance · After restructuring charges of $55 million, statutory profit before tax was $1.0 billion (Q1 2016: $0.5 billion) Resilient balance sheet and strong capital· Net loans and advances to customers were up 5 per cent from the end of the year to $270 billion· Customer accounts were up 5 per cent in the quarter to $398 billion· The advances-to-deposits ratio was 67.8 per cent at the end of the quarter · The Group already meets its expected minimum requirement for own funds and eligible liabilities (MREL) for 2022· Common Equity Tier 1 ratio of 13.8 per cent was up 20 basis points since the end of 2016· The Group issued $1 billion of Additional Tier 1 capital in January 2017"
II Editor
24 Apr 2017
NEW ARTICLE: Chart of the week: Great area to buy this FTSE 100 bank "FTSE zooms higher post Macron winI last covered the combination of the @GB:UKX:FTSE 100 and LSE:STAN:Standard Chartered last November so I thought I would repeat the formula today. First, the FTSE has lost over 300 points since making the ..."[link]
1al
28 Mar 2017
Busy day Sharp rise today and some hefty trades....anyone with any ideas as to what is going on?1al
Thunderbird 6
28 Feb 2017
Re: HL view Absolutely right - this is at least the third time HL have regurgitated the same material. Doesn't look very professional if they repeat great junks of identical text time after time.
losskop
27 Feb 2017
Re: HL view sorry yes - see now but most of content a copy and paste from previous HL note, hence my comment
losskop
27 Feb 2017
Re: HL view sorry yes - see now but most of content a copy and paste from previous HL note, hence my comment
nk1999
25 Feb 2017
Re: HL view losskop - "this is months old".Nope. Published on Friday 24/02 (when I posted):[link]
losskop
24 Feb 2017
Re: HL view this is months old
nk1999
24 Feb 2017
HL view "Bill Winters must like a challenge. The bank he walked into was in a bad way, with loan losses in vertical take-off and income swirling down the plug hole. When emerging markets submerge, a business like Standard Chartered will always feel the pain, especially when they had raised their risk appetite during the bull years. It's down to Mr Winters and his team to sort out the mess. A year and a half in and it's still a struggle. Plans to shed riskier assets, cut operating costs and rebuild capital make perfect sense in the circumstances, and the bank is making good progress. But this is all a far cry from the image of Standard Chartered as the "growth bank" that investors had just a few years ago. The new strategy is a big change of direction. Gone is the approach of getting in close, with an open chequebook, to the key industrial families of S.E. Asia in an attempt to become their primary commercial and investment banking partner. Instead, Standard Chartered is focusing more on establishing strong private banking relationships with the wealthier citizens of the emerging markets.Done well, private banking is a great business. Ask the Swiss. It offers potentially steady returns with limited risk, lending tends to be well secured, because the clients are rich. Whether Mr Winters can pull it off remains to be seen, but he has the network and the brand necessary to make a go of it.In the long run, Standard Chartered's emerging market bias could be a huge positive. But right now the bank faces what could be a lengthy turnaround process. If it can hit the 10% Return on Equity target, and pay out half of earnings as a dividend, an attractive dividend may be on offer one day. Right now though, a 10% ROE looks as far away as ever. "
