Standard Life Aberdeen Share Discussion Threads

[dhanji2] 30/1/2019 21:54

When is x dev date please

[meijiman] 30/1/2019 21:20

Why it must be grand to be in Davos and you don't have to pay a penny. Can't imagine either of these two heading for the slopes with all the free food and drink on offer. Reminds me of the absurd woman at Alliance Trust-the self styled global leader. She got fired on return. Just hope the new Chairman gets a grip here.

[fionascott1234] 30/1/2019 20:59

Sounds rather condescending of the guy. I wonder if Gilbert and his chum were both in Davos, after all we do have 2 for the price of one don't we?

[nico9] 30/1/2019 11:02

thanks gents.
MCunliffe1. You mention the sentence below.

One thing is a certainty, with fewer shares in circulation the EPS WILL be higher than it would have been, say, a year ago - assuming profits do not crash.

Thats what I would hope for. an increase in eps however, as you say assuming profits dont crash!!! Surely they must have an idea of this already? If they were crashing then surely they wouldnt use all this spare cash to buy their own shares would they? They would be more wary and keep the money to build the business back to strength.

Just my thoughts but thank you both

[mcunliffe1] 30/1/2019 09:33

nico9,
your question was posed several months ago - in part by me. Others on this thread were confident that buying and selling shares would indeed increase the share price However, others were of the opposite opinion.

I suspect that the share price is a reflection of many aspects - hope perhaps being the main element. After yesterday's Commons debate and votes (I watched it - boring in the main) I expected the market to rise. My holdings appear not to have done so yet - apart from SLA.

One thing is a certainty, with fewer shares in circulation the EPS WILL be higher than it would have been, say, a year ago - assuming profits do not crash. In my opinion, buying the shares and cancelling is a method by which the directors can use OUR money to mask the true fall in the dividend per share and perhaps help save whatever bonus scheme they currently have in operation before a new scheme can be invented that isn't quite as difficult to achieve in an environment where earnings and hence profit are falling quite quickly.

I'm bracing myself for a large reduction in terminal bonus payments on my three With Profit policies. I'm predicting a 10-12% cut and I think it will happen either start of Feb or end of Feb. Been here before.

But, I'm a cynic.

[ramellous] 30/1/2019 09:23

Nico, it’s a zero sum game. They are using company funds to cancel the shares. Ie the assets of the company are reducing at the same rate as the number of shares are reducing. The EPS is still an unknown until the next results are revealed. As the value of the stock markets have been hit over the last few months, the value of funds SLA hold and therefore earnings will have reduced presumably.

[nico9] 30/1/2019 09:14

i still dont understand why the cancelled shares that SLA are buying dont increase the share price more? I really need educating on this point. I would also hope that EPS would improve but again have concern that this womt happen either!!

[chinese investor] 21/1/2019 11:57

280p Soon !

[nick rubens] 18/1/2019 13:36

MC I have some Aberdeen Unit Trusts and I'm supposed to register my details on the website myaccountonline.co.uk/asi to continue to deal online.

I've tried numerous times and it fails with error messages and tells me to ring them. Not impressed.

Anyway SLA shares creeping up a bit nevertheless.

[mcunliffe1] 17/1/2019 23:09

Nick, you talk of about the company's ability with regard to asset management.
I have assets managed by SLA. I'm in "discussions" with them at the moment about their absolutely atrocious client website. Seriously, it portrays invalid data, it failes to show information that is more than four years old and there's no bloody print function.

Their answer?

Use the right mouse click facility.

Oh, and they have a csv download function that drops-down (in a spreadsheet friendly style) the incomplete and inaccurate data re. my contributions.

As I said, I'm still in "discussion" with them (except the staffer I'm dealing with is away from the office {again} until 22nd Jan.

So, yes, meijiman, the setup is indeed run by a pair of mugs, but very well paid mugs at that. Clowns? rathlindri, if you and I could earn their wad and keep such a low profile we'd be Vegas-performing magicians rather than travelling, big-top clowns.

[rathlindri] 17/1/2019 22:17

Clowns, when does the new man take over?

[meijiman] 17/1/2019 22:07

Yes the company is run by a pair of mugs

[fionascott1234] 17/1/2019 17:24

It really is one forward and 2 back.

[nick rubens] 17/1/2019 16:24

Perhaps demerging the Aberdeen Asset Mgmnt would create value?

Does anyone know how much of this company is Aberdeen versus the old standard life asset management?

They seem to splashing out the money on these buy backs they got from selling the insurance side of the business, but how good are they going to be in asset management? Losing Lloyds's funds management isn't a good start.

[ramellous] 15/1/2019 11:47

Edshaw, they’ll only be able to buy back what is available on the day surely?

[joshuam] 15/1/2019 11:04

Thanks ed missed that

[edmundshaw] 15/1/2019 11:00

Well thre is. Sort of...

"On 19 November 2018, the Company entered into a non-discretionary instruction [...] in relation to the purchase of ordinary shares in the Company's share capital (the "Shares") for an aggregate consideration of no greater than £200m. The purchase of Shares will take place during the period commencing on 20 November 2018 and ending no later than 27 March 2019."

That is the second tranche of buybacks. (Total buybacks can be up to £750m, the first was of £175m. So even when this finishes only half the allocation is used.)

Actually, they need to be buying at a rate of around £2.2m a day. Recently it has been less than £1m a day, so either the buying back accelerates or there is going to be a lot of cash left over from this tranche of buybacks. But I guess they don't want to bubble the share price, as it would be counter-productive to buy back at elevated prices...

[joshuam] 15/1/2019 07:51

No end to SLA share buying/cancellation

[tornado12] 14/1/2019 17:48

Thanks so that means a drop is share circulation by about 15-20% and corresponding EPS improvement ... let’s hope it’s the case and they have a great plan to stabilise and improve revenue into 2019/2020. I’m in here long hoping SLA can stay in my ISA as competitive divi payer

[stun12] 14/1/2019 13:25

458,884,962 according to the latest holdings statement from Ei Group (11-Jan).

[cyberian] 14/1/2019 13:02

I'll take a guess at 430 million...any other offers?

[tornado12] 13/1/2019 10:28

Does anyone know how much the number of shares has reduced since share buybacks & consolidation ?

[chinese investor] 10/1/2019 16:54

All Good !