Following demutualisation, Standard Life shares (code SL.L) stabilised well above the offer price of 230p and briefly reached a high of 357p. Those who did not cash in their shares immediately saw their share price rise. On average the analysts suggested that the shares are a “hold”. In other words, they think it’s not worth adding to your existing shares but there was no urgency to sell. In the November 07 report earnings were below expectation but the shares held firm at 292p. Since then the shares increased steadily (with the occasional blip) to around 340p. With the credit crunch Standard Life shares have fallen in line with the market generally. Continued problems have seen the shares sit at around 175p. If you think you have been mis-sold PPI you can claim back your payments using this claim form.
- The Algarve
- Standard life shares