First-quarter revenues down 4% and pre-tax profits 22% lower were never going to get Standard Chartered (LSE: STAN) shareholders breaking out their party hats. But it’s the big year-over-year hike in loan impairments that points to the real worry investors have with this emerging market bank… Owain Bennallack investigates further in this investing video.
The Big Scary Number For Standard Chartered plc Shareholders
VIDEO: One Fool puts Standard Chartered plc (LON:STAN) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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