Standard Life Aberdeen Share Discussion Threads

[tornado12] 15/2/2019 09:33

Yes I hope they don’t since this is my main driver to be in SLA as medium/long term holder. They are clearly struggling to control the results... now they need to change and show clear leadership going forward. Will that happen ?

[nick rubens] 15/2/2019 09:32

edmundshaw you make a logical point and I agree.

However you'll have seen companies maintain dividends, during profit plunges and then do a rights issue soon after. Unfortunately companies don't justify anything much to their shareholders.

[eeza] 15/2/2019 09:29

They're 'returning' capital by buying back shares - it would be nonsense to cut the Dividend.

[edmundshaw] 15/2/2019 09:27

How could they possibly justify all these buybacks and then slash the dividend? That doesn't make sense.

Current yield 9%!

[tornado12] 15/2/2019 09:22

Yes clearly bad news and they must expect worse news for final results update on 13/3. Company clearly needs a turn around plan for 2019. Just hope they don’t attack the dividend too strongly during these troubled times.

[rathlindri] 15/2/2019 09:14

Just seems to be going from bad to worse. Death by a thousand cuts

[nick rubens] 15/2/2019 09:02

Who is the big seller?

"Its shares fell 5.5% after a report emerged that one of its largest investors has launched a trade to sell a large chunk of its investmen"

[grahamite2] 15/2/2019 08:57

Good man Chinese Investor! We need someone to be saying don't panic, nothing to see here...

I can hardly bear to look at this thread.

[chinese investor] 15/2/2019 08:49

Up From Here !

[nico9] 15/2/2019 08:26

oh dear. wiped out my profit

[dr biotech] 15/2/2019 08:09

Some company is flogging their 5% stake in SLA today, price was set at 235. Not great.

[chinese investor] 15/2/2019 08:09

Mitsubishi Sale !

[nico9] 15/2/2019 08:07

goodness. Thats quite a drop on opening. Whats new?

[tornado12] 14/2/2019 04:02

Thanks Cyberian , I think your comments are about right and hence my strategy is linked to Divi returns and medium term approach to the share price Although share price is disappointing if your are prepared to wait Im convinced the business cycle will recover (as they usually do) I have similar share price fatigue with VOD and BT , as a couple of my other medium termers invested in last few months

[cyberian] 13/2/2019 23:47

tornado12...I agree but the AUM fall is likely to be massive..just look at GARS (Global Absolute Return Strategies)...performance and withdrawals very bad from what I have been able to research...a new clean-up and clear-out is needed. Hopefully the new Chairman will explain matters fully with the final results. It is key that he comes across with a forward plan that is credible...then we may see a recovery in the share price Mind you the sector as a whole has had a rough time and many have also suffered a large fall....fingers crossed. The Dividend decision will be very interesting, and subject to a lot of head scratching, I sense..again it has to be well reasoned, and impress whatever is decided.

[tornado12] 13/2/2019 16:36

I think their plan will be to maintain divi level and continue to reorganise/cut cost and recover lost revenue growth ... let’s hope no big AUM leakages and some good action vibs on costs, revenue stability/improvement into 2019

[nico9] 13/2/2019 15:45

So we could have (depending on the various prices paid) anywhere betweeen 250-300 million less shares in issue once the buy back has finished.
So based on last years divi of say 14p that will save the company over 40 million in divi payments.
Hopefully that means that SLA could either maintain the same divi or if we are really lucky increase it.
All depends on results I guess & things like AUM etc

[joshuam] 13/2/2019 10:53

Full year results 20th march, suspect buy back will be finished before that.

[wilksey1] 13/2/2019 09:34

when that tranche is finished am i right in thinking that there,s still £350 million to go...

[edmundshaw] 12/2/2019 22:32

Standard Life Aberdeen plc ("the Company")



Share Repurchase Programme

At the Company's General Meeting on 25 June 2018, shareholders approved the return of up to £1.75bn in aggregate to shareholders, subject to necessary regulatory approvals. This included a return of capital of £1bn via a B Share Scheme - which completed on 22 October 2018 - and a return of up to £750m by a share buyback programme.



On 9 August 2018 the Company announced the commencement of the first tranche of £175m of the share buyback programme. This has now completed and resulted in the repurchase, and cancellation, of 58,686,389 ordinary shares for a total consideration of £174,999,998.



The Company today announces that it will commence a further tranche of £200m of the share repurchase programme of the Company's ordinary shares (the "Programme").



On 19 November 2018, the Company entered into a non-discretionary instruction with Goldman Sachs International ("Goldman Sachs") in relation to the purchase by Goldman Sachs, acting as principal, 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.


Any purchase of Shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with the Listing Rules and the Company's authority to make market purchases of Shares. The Company will announce any market repurchase of Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. The purpose of the Programme is to reduce the share capital of the Company. All Shares purchased will be cancelled.





20 November 2018

[timgarside] 12/2/2019 16:32

Does anyone know when the buyback is due to finish?

[joshuam] 12/2/2019 03:28

The management keep buying? can’t see it stopping this low for long.