Standard Life Aberdeen Share Discussion Threads

[cyberian] 12/10/2018 16:35

Personally think a lot of small shareholders are a bit confused as to the workings/effect of the B shares and consolidation. However, with a new Chairman of some clout coming on board, I believe that the share price will recover it's poise...Brokers UBS and RBC continue to have buy signals on the stock over last day or so. The general market here and in the US will settle down with likes of JPM ceo, and others having good results and reasonable forward expectations. Time to relax and enjoy the weekend after a rather disappointing reaction so far..time will tell. Also remember the company has today stated that the current buy-back program is suspended for a few days, and has £55 million still to go...that should start again Monday week, all being well! Then one has another £575 million of buy-backs to follow, and that again with the consolidation will help the EPS.

[scrwal] 12/10/2018 14:18

B share details out: 33.99p and 7 new for 8 old consolidation.

[riverman77] 12/10/2018 13:20

Active management may be in decline but at least SLA recognise this and are focusing on areas such as real estate and private equity for future growth. Passives of course do well in bull markets when everything goes up, but suspect could struggle when central banks start to withdraw liquidity. Then I suspect active management could make a bit of a comeback. SLA's value driven approach should also help. As I've mentioned before this is a decent business which you are getting extremely cheaply once you include all the assets on the balance sheet - cash, Phoenix stake and Indian businesses.

[essentialinvestor] 12/10/2018 13:07

The first sentence above is a good summation.

[meijiman] 12/10/2018 12:59

Active management is in decline and this one is losing market share. Main fund smaller than the Smith one due to poor performance. Joint ceo more interested in Glencore role it would seem.Has been poorly managed.

[jackdaw4243] 12/10/2018 12:35

"Never add to an offside position" is one of my golden rules that keep ignoring. £2.65 does look on the cards, I do wonder WHY.

[action] 12/10/2018 11:30

Next Support is 265 which is good entry level to average down.

[pal44] 12/10/2018 07:21

Brexit effect here no surprise if we have another election in 3 weeks....

[essentialinvestor] 12/10/2018 00:34

If this is a more significant correction, it won't be lower in a straight line.
The resilience of US markets has been extraordinary, so would not rush to
term this significant yet.

[warranty] 11/10/2018 23:39

Very brave mavis5 to buy just now but catching falling knives can be painful. The correction looks to have some legs and I don't think is over yet so I won't be adding myself until things look a little brighter. Good luck though you may have judged it right.

[mavis5] 11/10/2018 16:40

Just increased my holding by around 25% at 279.5p in order to bring down the average purchase price of the holding. That must be a good buy, surely?? ACTION I hope the 279 support holds!!

[action] 11/10/2018 15:25

Near to 279 support

[scrwal] 11/10/2018 12:33

Does anybody know how quickly the shares on the buy back are cancelled since to me if it was very quickly then I would buy as much as possible in the week after the record date and get them cancelled before 2nd Nov to avoid the dilution in the holding. Not sure if doing this is permissable but the company would get more shares off the books.

[chinese investor] 11/10/2018 11:05

Yield is 7.66% !

[cyberian] 09/10/2018 14:37

I wonder where that 5,550,000 (O trade) at 14.0058 priced at 288.3p came from and what significance it has? The share price started to improve immediately....not sure why I am following this share so sensitively as it will run it's own course through November 2nd and beyond, and have already decided to stay with it!

[cyberian] 09/10/2018 10:41

EI...fair enough and appreciate your comment...looks like I spoke too soon on a possible share price recovery today, but expect this volatility over coming weeks.

[essentialinvestor] 09/10/2018 10:37

I have little industry experience/understanding, just for transparency.
Others here may.
Just look at SLA as I would any other potential investment.

Also tend to like going against trend, which is why I'm watching.

Do they need Keith at the helm?, I don't think so.

It would not surprise me if SLA ultimately up their PHNX stake to the 29% mark

[cyberian] 09/10/2018 10:19

Well...only half of yesterdays fall recovered so far, but promising, perhaps. Not so gloomy as some on the bb as the Phoenix transaction could see some funds from that party managed by SLA...I believe that I read of such an arrangement. Earnings will be down this year but with more cost savings and improved margins under more focused business model, and less capital constraints, returns are forecast to improve next year. Market volatility is certain to remain, so down to top team to manage, and again a new Chairman next year maybe be seen as a further positive. I accept a mixed view by other commentators with better understanding on the industry dynamics, but happy to stay relatively calm through the next few weeks/months.

[essentialinvestor] 08/10/2018 18:42

In fairness to SLA, Invesco and Franklin Resources are both at/near
multi year lows. Schroders has performed significantly better.
Reports last week they won the SWI mandate.

[meijiman] 08/10/2018 18:25

There is plenty of fun for those at the top -golf,fishing,dining and boozing. As for those lower down and shareholders.........

[essentialinvestor] 08/10/2018 18:19

Did you not hear Keith's comments on the joint CEO situ, to paraphrase..
As long as I'm having fun, that's the main thing - that's actually almost word for word btw.

[rathlindri] 08/10/2018 18:14

Shocking share price action since the merger....time for change

[essentialinvestor] 08/10/2018 18:03

Arguably an extended buy back may have created more value,
particularly given where the share price is, rather than the B scheme.

In terms of why are they doing this?, It's a pretty simple answer,
earnings are falling. To maintain the current payout and to some extent
mitigate lower EPS. The buy back is intended to do both.

Speaking of earnings, may be looking at this incorrectly,
I have the current year estimate looking for a 26% EPS fall??.

Can anyone confirm if that estimate is about the right number. Apologies if incorrect.

[rampant_bull] 08/10/2018 17:52

Constant spiral down here, 250 on the cards? Wonder how both the share prices would be doing without the merger.