Standard Life Aberdeen Share Discussion Threads

[spud] 06/4/2020 13:58

Gaining a nice bit of traction today.

spud

[mcunliffe1] 06/4/2020 13:24

You’re the only bright spot in these troubled times P. O.
Thanks for the laugh

[pierre oreilly] 06/4/2020 12:19

Who are 'They'? As in 'they bought'?

Afaiia, the buyback shares are bought on a discretionary basis by some city company, with sl. having no say on day to day purchases (correct me if I'm wrong).

So to answer my question 'they' are the city institution acting on sl's behalf on a discretionary basis. (iirc).

It isn't as you hope that some sl. bod is there watching the price so they can buy at a really bad time and thus give you uber joie de vivre.

I think you may be in for a bad time over the coming months, with your free shares rising from a 1.5k value to something like 3k next year. Sorry you have to suffer that profit.

[mcunliffe1] 06/4/2020 11:05

I think the "market" is looking for any good sign - possibly even the absence of a bad sign will work as well. There must be a great deal of money waiting for a "good home" just now with interest rates at rock bottom. Perhaps today being the first day of the new financial year is having some effect.

I still try each day to see some semblance of login in the buying pattern of the SLA share buy-back. I fail each day.

On April 1st (perhaps appropriately) they spent £4.11m buying just under 2m shares at an average of 206p. On 24th March they spent just £1.48m on 791,134 shares at just 1.86p each on average.

On April 3rd the avg price was 192p yet they bought only 1,205,432 shares.

Strange.

[chinese investor] 06/4/2020 10:35

Green Shoots !

[spud] 04/4/2020 16:18

Current Short position on SLA : 3.2%spud

[turvart] 04/4/2020 11:23

I don't see a problem at the moment I see the FTSE 100 hitting 6000 very soon because of the yield!

[turvart] 04/4/2020 10:22

I see Rio is coming up nicely Waldron, I'm out of Rio and into PMO but I'm really glad Rio is coming up and RIO have one of best CEO's on the planet!

[turvart] 04/4/2020 10:11

Thank you Waldron!

Nice of you to say such a positive comment!

[waldron] 04/4/2020 10:07

nice posts

good luck with your thread Turvert

[turvart] 04/4/2020 10:03

The fantastic thing I personally find with SLA is the fact it's like trading similar to a Sipp pension but you can't trade individual stocks, it must be funds and IMO it takes you from a lot of trouble because putting all your eggs into one stock can lead to disaster of which I learned the hard way with NRK back in 2008.

[turvart] 04/4/2020 09:53

Right, I'm going to start this thread on the positives of having a pension fund with SLA.

I currently have a pension fund with SLA and wish to highlight the positives of which having a pension fund with what SLA offers.

SLA have some 320 funds to choose from. level 1 risk being basically cash accounts to level 7 risk being funds like property share related and some equity funds, you are basically spoiled for choice with what SLA can offer.

SLA have zero spread on their funds and this IMO puts SLA in a very good position with Competitors. The management charge for funds varies between 0.7 to 2.5% depending what fund you take on but IMO a good rule of thumb would be approx 1.1% across the board per annum of your pension in management charges of which I find reasonable.

If you switch funds on a regular basis of which I personally do then there is zero charge for the switch, it is built into the management charge of which I find superb.

If you switch funds online before 5PM say on Monday, your transaction will be complete on Tuesday and will update on Wednesday. So basically you will need to estimate where you think the market is going on your thinking tomorrow rather than today, It's not ideal but just remember there is Zero spread! of which is fantastic IMO!

[turvart] 04/4/2020 09:27

!FOLLOWFEED
I wish to start a new thread on SLA for people that are not premium users as I have found it impossible to say anything about SLA on current threads.

[wilksey1] 03/4/2020 22:12

and barclays

[watfordhornet] 03/4/2020 19:35

HSBC had no choice. It is ok saying they should have told PRA to do one but that is not an optionThat should not apply to SLA

[tornado12] 03/4/2020 18:43

Talk to HSBC they have just done exactly this and I sold out because of it !!

[spud] 03/4/2020 18:06

Can't argue with that Senti. spud

[sentimentrules] 03/4/2020 17:42

Turvart says:

"I would imagine If any company does not declare that the dividend is being withheld before XD then it will be paid because I tell you why, if you trade CFD's then when companies go XD the price is adjusted lower, so if your Long then technically CFD traders get paid on EX div day, In my opinion it would be very unfair and unethical for CFD traders to be paid out and not shareholders. In Fact I personally think it would be fair to say that IF the company does not declare that they are going to suspend the divi before XD date then it would be a very good court case to sue."

[spud] 03/4/2020 15:26

Standard Life Aberdeen committed to final dividend payout
Put to shareholder vote at AGM next month



Standard Life Aberdeen (SLA) chairman Sir Douglas Flint has confirmed the company is to go ahead with its final dividend payout, citing its "strong financial position".

The dividend payout is set to be voted on at SLA's next annual general meeting on 12 May and comes at a time when the UK's banking groups, including HSBC and RBS, have been forced to cancel dividends following pressure from the regulator and central bank.

This is Money reported that SLA's decision to continue with the £300m dividend was decided at a board discussion earlier this week and was agreed unanimously by directors.

Flint said: "We are all acutely aware of the impact that the COVID-19 pandemic is having on society, and in turn the economy. We are committed to doing the right thing for our employees, our clients and our investors throughout this time in all aspects of our business.

"As we outlined at our full-year results just a few weeks ago, our business is in a strong financial position.

"We are of the view, therefore, that it is appropriate to recommend the payment of our final dividend as planned."

He added that many pensioners and savers relied on dividend payments from their stock portfolio to provide an income.

According to This is Money, Flint said that the company had surplus capital of around £1.7bn and that it could afford the 14.3 pence a share payment, which would see the typical shareholder receive a cheque of around £100.

SLA confirmed today (3 April) that its AGM will take place at 11am on 12 May at the Assembly Rooms in Edinburgh, but stated that "if the current restrictions continue, shareholders would not be able to attend and we would encourage you to vote in advance of the meeting to make sure your vote is registered".

It said that only one board member will attend the AGM in person, while the presentations, which would have been given on the day by the chairman and chief executive, will be available on its website the day of the meeting.

Shareholders have been informed that there will be no ‘live' question and answer session on 12 May and that questions should be submitted via the online voting form or by email.

spud

[spcecks] 03/4/2020 13:01

tornado12 totally agree with you.

[tornado12] 03/4/2020 12:36

The uncertainty of when world can go back to living and working is the single biggest risk to investors since the stock market was conceived. I have been investing quite strongly since this chaos started as I see 2 possible outcomes; my long term investment risk pays off and increase my returns and capital that would normally take in extra 3 years ; stock markets crash as companies are completely nationalised or shut and lose the lot + pension. I hope is the former

[tornado12] 03/4/2020 12:33

Brought a few more 192p based on this news as a future investment. Companies that are not influenced by HMG stupidity are becoming more interesting

[spud] 03/4/2020 09:14

If they pay then so will AV.spud

[gaygay3] 03/4/2020 09:09

SL to pay 300m dividend

[mcunliffe1] 03/4/2020 09:06

In today's Daily Mail there's a report that the SLA board have unanimously agreed to pay the dividend. With £1.7b available Flint stated they have the funds to pay the dividend. This is of course subject to the vote at the AGM on 12th May and payment made on 19th if passed at AGM.