Standard Life Aberdeen Share Discussion Threads

[dmf] 29/5/2018 16:26

Standard Life Aberdeen's £1.75bn payout plan fails to impress investors

[essentialinvestor] 29/5/2018 16:09

Mentioned last week SLA looked vulnerable to any wider market weakness,
and bang on cue..

[cmackay] 29/5/2018 16:09

I've only been involved with one ROC previously with an o&g explorer. One 'B' share was issued for every ordinary share on the previously noted date. A b share could not be bought or sold, it was essentially a temporary marker. After a week or so, maybe a couple of weeks, each B share was cancelled and a capital transfer made to the account in which the shares were held. It was a smooth and simple operation, and this was on AIM. I do not imply the exact same process will be adopted here, because I do not know.

[timmy11] 29/5/2018 13:40

will our shareholding be reduced as per last time

[speedsgh] 29/5/2018 13:07

@specks - The issue of B shares is a 'return of capital' mechanism. You will not be able to retain the B shares; they will be compulsorily be redeemed for cash which will then be returned to shareholders.

Distributed in this way the 'return of capital' will qualify as a capital repayment for tax purposes as opposed to income.

[spcecks] 29/5/2018 12:59

Thanks Chinese Investor hope it answers all the questions.

[chinese investor] 29/5/2018 12:54

"a shareholder circular in respect of the proposed transaction expected to be published tomorrow - 30 May 2018"

[spcecks] 29/5/2018 12:38

Hi can anyone answer will you be able to take the cash for the B shares.....also did you have to own the shares before today's announcement to get the B shares.

[chinese investor] 29/5/2018 07:07

"Proposed return of capital: of up to GBP1.75 billion to SLA shareholders, with GBP1.0 billion to be returned to shareholders by way of a B share scheme (a minimum of 33.4p per share based on current expectations) and the remaining up to GBP750 million to be returned by way of a share buyback programme (the "proposed return of capital")"

[meijiman] 25/5/2018 12:28

I think Aberdeen got the best of the deal

[essentialinvestor] 25/5/2018 12:16

Gilbert steps down next year, from memory.

[meijiman] 25/5/2018 10:46

Is this joint ceo lark really viable. I'm sure one or t'other is plotting....

[essentialinvestor] 25/5/2018 10:37

A large part of the valuation is predicted on whether an active fund
management model is sustainable. The Aberdeen merger was to create scale
and to give greater scope for cost reduction. SLA is more difficult to
value as there are multiple moving parts. They will hold 19.99% of Phoenix,
27% of HDFC Standard Life, the valuation on that stake alone is
around (very approx) £2.5 Billion, plus the PHNX £2.3 Billion of cash is to come.

I think there may be value here, but caution is also warranted.
If markets take a tumble over the next couple of months,
SLA may well be available lower, how much longer is difficult to say.
I've seen one TA view that is looking for sub £3.

[its the oxman] 25/5/2018 10:07

Sure had been a dire performer. Business in decline.

[essentialinvestor] 24/5/2018 16:27

SLA looks vulnerable to a wider market sell off imv,
worth keeping in mind. Lower would be nice to add.

[chinese investor] 23/5/2018 10:40

Not Looking Good !

[chinese investor] 23/5/2018 09:14

Looking Good !

[essentialinvestor] 21/5/2018 14:19

Hold a small amount, but given the UKX is making records,
SLA looks like it has lead boots atm.

[chinese investor] 21/5/2018 10:41

18p To 390p !

[chinese investor] 18/5/2018 08:11

390p Soon !

[ramellous] 16/5/2018 06:08

Write up on MF yesterday.

[chinese investor] 11/5/2018 08:26

20p To 390p !

[chinese investor] 11/5/2018 08:07

Great Start !

[chinese investor] 10/5/2018 08:48

Very Volatile !

[chinese investor] 09/5/2018 16:24

SLA and LBG will come to an agreement over Scottish Widows !

Provided they leave their egos at the door !