captainmerton
- 10 Apr 2006 23:05
Any opinions on this big IPO shortly? Anyone getting shares/thinking of buying shares?
stevieweebie
- 16 Apr 2006 21:27
- 3 of 18
Huh not even voted yet!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Fundamentalist
- 17 Apr 2006 10:57
- 4 of 18
Long way away still. On all accounts the demutualisation packs are going out to policy holders this week, will be interesting to see the proposal.
As an investment, will purely depend on what the IPO price is, though i see they are incentivising anyone receiving shares through their policys with an extra share for every 20 received if they hold for 12 months.
captainmerton
- 17 Apr 2006 11:21
- 5 of 18
Tomorrow seems to be the big day. A lot of the numbers will be revealed. I aint a policy holder but used to work for them so will be following them with interest.
Stan
- 07 Jul 2006 16:01
- 6 of 18
Is that right that the float price is 230p.
Stan
- 07 Jul 2006 16:11
- 7 of 18
...Never mind found this:
Standard Life to price IPO around 230p - source
Fri Jul 7, 2006 1:14 PM BST
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LONDON (Reuters) - Britain's Standard Life is set to price its initial public offer on Friday at around 230 pence a share, valuing the firm at almost 4.7 billion pounds ahead of Monday's debut, a source close to the matter said.
"It still looks to be priced at 230p," the source said.
Sources familiar with the matter had said on Thursday, after order books closed, that the price was expected to be set at the higher end of a 220-230 pence range, helped by strong retail demand, with members of Europe's largest mutual insurer seeking to buy up at a discounted rate.
Market sources said on Friday that both retail and institutional order books were oversubscribed.
At 230 pence the price would be near the bottom of a 210-270 pence range set by Standard Life last month, when weak markets forced it to trim an April trading range of 240-290 pence.
But it would still make Standard Life the fifth-largest UK-listed insurer and propel it into the FTSE bluechip index.
Standard Life had no immediate comment on the pricing.
A board meeting was underway on Friday morning, and executives were expected to set the final IPO price and to fix the allocation of shares among retail and institutional investors, before releasing a decision by mid to late afternoon.
Monday's market debut, the biggest UK initial public offering since Dimension Data in 2000, ends 80 years of mutual ownership for Standard Life, the UK's last major customer-owned insurer. Continued...
If there source is that Crombie bloke i think i'll take that price with a large pinch of salt!
2517GEORGE
- 07 Jul 2006 16:13
- 8 of 18
Stan---------that's correct, fair bit lower than first muted but a lot of takeover speculation to come, and imo that's not in the floatation price. Shall be holding mine for sometime yet unless there is a spike up to a much higher level. Don't forget tracker funds have to buy into this one, I'm sure they will be patiently mopping up everything the small investor is willing to sell.
2517
Stan
- 07 Jul 2006 17:37
- 9 of 18
You could well be right there 25 but i've still got the Friends Provident experience in my mind.
Takeover has been muted with these but decided to take the money and sit on the fence for now, good luck anyway.
Ed; Oh yes and my record with insurance/assurance outfits isn't that clever -;)
cynic
- 07 Jul 2006 17:40
- 10 of 18
t/o rumour is i think mere puff .... shares should be bought or not on their intrinsic worth
2517GEORGE
- 07 Jul 2006 17:58
- 11 of 18
cynic-----there has been 1 or 2 co's rumoured to be sniffing around, but you're absolutely right, shares should never be bought on rumour, they should be bought for their value. DYOR
2517
DocProc
- 08 Jul 2006 09:42
- 12 of 18
Expected share allocation rate for members who applied for shares in the preferential offer @ 218.5p (a 5% discount on the 230p IPO price).
Code:
Application Shares Allocation
percentage
£1,000 457 100%
£1,500 686 100%
£2,000 915 100%
£2,500 1075 94%
£3,000 1235 90%
£4,000 1556 85%
£5,000 1876 82%
£6,000 2196 80%
£7,000 2517 79%
£8,000 2837 77%
£9,000 3157 77%
£10,000 3478 76%
£15,000 5080 74%
£20,000 6681 73%
£25,000 8283 72%
£30,000 9885 72%
£35,000 11487 72%
£40,000 13089 72%
£45,000 14691 71%
£50,000 16292 71%
£60,000 19496 71%
£70,000 22700 71%
£80,000 + 22883 variable
The shares allocated in the preferential offer will cost 218.5p = a 5% discount to the 230p IPO price.
If held for a year in the same name they also qualify for a 5% distribution of bonus shares. Please note that transfer to an ISA or another family member loses this entitlement.
DocProc
- 08 Jul 2006 15:05
- 13 of 18
KEY DATES
8.00 a.m. Monday 10th July - Commencement of dealings on the London Stock Exchange.
17th July - Posting of share account statements, share certificates and cheques will have been completed.
May 2007 - Payment of first dividend
10th July 2007 - Qualifying date for 5% bonus shares.
john1943
- 09 Jul 2006 12:31
- 14 of 18
Thanks for info Doc.
captainmerton
- 09 Jul 2006 19:49
- 15 of 18
Whats the EPIC code? Is it SLAC?
seawallwalker
- 09 Jul 2006 23:18
- 16 of 18
Thank you Doc.
greekman
- 10 Jul 2006 08:04
- 18 of 18
Just look at the buy/sell orders. It's as expected. The sp is certain to climb on opening. Now at end of day, what it will be is anyones guess