Standard Life Aberdeen Share Discussion Threads

[2wild] 11/3/2021 03:31

SLA advised any increases to annual 14.6p would only be considered after dividend cover of 1.5 x adjusted EPS was achieved. IE adj EPS need to increase by over 20% on 2020.

MNG share price up 21% in last 8 trading days to 222.9p. Final dividend increased by 2.6% to 12.23p, giving a prospective yield of 8.2%, on 18.36p annual.

As things stand now, if you switch from SLA into M&G today, you can look forward to 3 ex divs, totalling 30.57p (2.5 x 12.23p) over 53 weeks. Or ex 21.9p (3 x 7.3p) in 57 weeks.

[spcecks] 10/3/2021 16:16

Agree Salty.

[saltaire111] 10/3/2021 15:36

The Board should take a look at L&G’s results today and hang their heads in shame.

Divi maintained and commitment to increase divi from this year on.

Salty

[spud] 10/3/2021 15:17

That was hard work buying any at 290p!

spud

[mcunliffe1] 10/3/2021 15:00

Flint, having presided over the share buy-back using OUR money - often at rates as high as 328p (19 Feb 2020) - decides, after the divi. cut is announced and the share price falls (hardly surprising) to buy 13,000+ at 296p.

Asquith bought 30,000 at the same price also on Tuesday 9th.

Priceless.

[fenners66] 10/3/2021 14:32

Is it 40p to 250?

[suetballs] 10/3/2021 14:26

Well the non execs have bought a few.
Suet

[ygor705] 10/3/2021 08:29

For a few hours after the results were announced there was an escape shoot available here. I thought at first that I'd missed something in the RNS but when I realised that I hadn't I bailed out at just over 317p. The yield here now looks pedestrian and the PE is arguably to high for a company with such a pathetic track record of management. It is perhaps slightly ironic that the results were announced on the same day as M&G. The yield there is over 8% and the PE is in low single figures. Where does that leave SLA?

[pierre oreilly] 10/3/2021 07:47

More likely than news of director bonuses, which will be 7 or 8 small print words in the 800 page final report.I just hope they don't have to rebase the newly rebased Divi to fund several buybacks so they can have a strange sustainably increasing Divi which actually goes down.

[tornado12] 09/3/2021 21:10

Is there any news on future share buyback policy ?

[cw2000] 09/3/2021 17:40

Salty - never be afraid to sell.
The cost to sell, then re-buy should never exceed 1 per cent. (assuming 0.5pc is stamp duty and other 0.5pc is dealing cost)
The cost of holding through a day like today is... 7per cent. Even worse could come in the next few weeks.
Just remember, the management don't love you, so why love them!

[fenners66] 09/3/2021 15:31

Maybe the board have a higher strategy.
Spend all the surplus on meaningless buybacks
Watch the AUM decline
Reduce the dividend and watch the share price decline.

Wait for a hoped for take out bid to put holders out of their misery, and negotiate a suitable retirement deal or a fortune in new shares for agreeing.....

It could be thought of as doing a Talk Talk.....

[saltaire111] 09/3/2021 15:29

I wish I’d sold mine this morning but I have quite a lump here so getting out is costly. Not as costly as my now significant daily paper loss now mind you...

Salty.

[chinese investor] 09/3/2021 15:23

Good thinking 1carus.
I'm thinking about toping up at this price !

[1carus] 09/3/2021 15:19

Hmm, some companies are not yet back to dividend payments. I'll take the 5% here and sit tight even if it is just to have some diversity in my PF. Price will recover IMO.

[spud] 09/3/2021 15:15

Well that decision to buy back stock at the expense of the dividend was about as well received as a pork chop in a Synagogue!

Wasn't hard to predict the result...

spud

[mister md] 09/3/2021 15:02

well at current price yielding exactly 5% with dividend stuck at 14.5p for the time being

[mcunliffe1] 09/3/2021 14:43

Wouldn't now be a better time to have converted all that spare cash (of ours) into shares to be cancelled?

How many, many more shares could they have bought at this depressed level?

I question at what point management appreciated the need to cut the divi. with the expected decrease in the share price as we've seen today?

I'm still very much against share buy-backs but doesn't this demonstrate the pointlessness of such action.

Also, what a day for their platform to throw a wobbler as well - I can't even draw-down today as planned. Glad I'm attempting this now with them having some time to fix their system before the tax year-end. Assuming they can fix it :-(

[cw2000] 09/3/2021 14:43

@Chinese - thanks - you make me smile!

[mcunliffe1] 09/3/2021 14:35

-43p to 250p !

[chinese investor] 09/3/2021 13:57

50p To 350p !

[cw2000] 09/3/2021 13:08

Yes - sold out earlier too.
Who knows where this will drop to - 280p is a daily technical support but too much risk.
@ Chinese - perhaps you could do a countdown to 250p - only 50p to go etc.

[spcecks] 09/3/2021 13:02

Also sold out this morning because of dividend being cut and it looks like an uphill struggle for the company.

[chinese investor] 09/3/2021 12:55

So why didn't I sell ?

Chinese Investor (SLA) 15 Feb '21 16:00
19p To 350p !
...but my finger is hovering over the SELL Button !