Standard Life Aberdeen Share Discussion Threads

[chessman2] 10/9/2019 12:34

Good to see the share heading north for a change.

My SLA SIPP investment funds are all doing well.

[chinese investor] 10/9/2019 12:11

All Good !

[mcunliffe1] 07/9/2019 18:54

Everyone thought Neil Woodford was a quality investment manager once. Hargreaves Lansdowne more recently than some.
I think SLA offer “safe” investment funds but none too successful.

[topvest] 07/9/2019 17:48

In my view SLA are a quality investment manager, but have suffered from a decade long obsession with go-go growth and FANG stocks. This trend will change. Keep the faith.

[samwn1] 04/9/2019 09:33

Doom, doom, doom - conclusion : it'll be OK in the long run!

[spud] 03/9/2019 12:40

The conclusion is quite telling:

CONCLUSION
So those are the three reasons why I think the Standard Life share price could keep crashing. However, while I’m not overly optimistic about the company’s short term outlook, I think in the long term, this business will perform well. Its strong brand and experienced managers should help the group pull through the current turbulence and emerge stronger on the other side.
Sweetening the deal is a dividend yield of 8.6%, an attractive level of income for patient investors who are willing to wait for the turnaround.

spud

[pierre oreilly] 03/9/2019 12:19

Fiona, it isn't motley fool who thinks that, it is g a chester, whoever he is. As i'm sure you know, favoured pis get a platform on tmf to air their views and ramp and deramp to suit their exposure. So your extract is just a pi post with as much authority as any you find on here.

[fionascott1234] 03/9/2019 05:32

MOTLEY FOOL OPINION:Over the past 12 months, the Standard Life (LSE: SLA) share price has been a pretty poor investment. Even including dividends paid to investors, since the beginning of September last year the stock has produced a total return of -26%, underperforming the FTSE 100 by -24% during this time frame.Unfortunately, it doesn't look as if the outlook for this business is going to improve any time soon. Here are the three reasons why I believe the Standard Life share price could keep falling.INVESTOR EXODUS When Standard announced the company was merging with emerging markets-focused asset manager Aberdeen Asset Management two years ago, management expressed optimism that investors would rush to buy into the enlarged group.That just hasn't happened. The fund manager had £15.9bn of net outflows in the first half of 2019, an improvement on the £24bn of outflows in the second half of last year, but still above analysts' expectations.It doesn't look as if this trend is going to improve anytime soon. The relatively high cost of Standard's products coupled with a poor investment performance leads me to conclude investors will continue to pull money from the business for the foreseeable future.FALLING PROFITS Less money to manage means lower fees for Standard. Despite achieving nearly £234m of the annual £350m cost savings it had promised from the Aberdeen merger, Standard's adjusted profit before tax was £280m in the first half of 2019, down from £311m for the same period of 2018.This time last year, City analysts were expecting the company to report earnings of 29p per share for 2019. Now they're forecasting profits of just 18.9p per share.Growth is forecast to return in 2020 but, based on past performance, I'm not going to hold my breath. I wouldn't be surprised if the company misses forecasts once again next year if outflows continue to weigh on profitability.HIGH PRICE I might be able to forgive all of the above if shares in Standard were appropriately priced, but they're not. At the time of writing, shares in the asset management business are dealing at a forward P/E 12.9, compared to the industry median of 13.3.Considering the company's bleak growth outlook and investor outflows, I think the stock deserves to trade at a substantial discount to the rest of the asset management industry. At the current price, it looks to me to be fully valued.CONCLUSION So those are the three reasons why I think the Standard Life share price could keep crashing. However, while I'm not overly optimistic about the company's short term outlook, I think in the long term, this business will perform well. Its strong brand and experienced managers should help the group pull through the current turbulence and emerge stronger on the other side.Sweetening the deal is a dividend yield of 8.6%, an attractive level of income for patient investors who are willing to wait for the turnaround.

[chinese investor] 02/9/2019 13:49

57p to go !

Chinese Investor (SLA) 21 Aug '19 - 08:39
70p to go to 310p !

[spud] 01/9/2019 17:40

Providing any company is sound, a falling share value based on sentiment alone facilitates a greater yield & as a Brucie bonus, a juicy t/over prospect. spud

[essentialinvestor] 01/9/2019 16:56

The 30 year chart is at the top of the LGEN board.
Higher risk was mentioned in the context of heightened share price volatility btw,
not company survival - just to clarify. Luck with your holdings.

[wllmherk] 01/9/2019 16:28

EI, if memory serves me correctly LGEN was well under 100p back in 2008, however, lots of share prices got crushed then as the financial world was coming to an end. To be honest EI I haven't looked to see how they performed in other recessions, but, I'm sure they will survive as will SLA, Aviva et al. If the share price falls further my reinvested dividends buy more shares and as long as these companies don't go bust I should make money in the long run, thats my theory anyway.

wllm

[cpap man] 01/9/2019 14:19

MIDAS SHARE TIPS: The Dogs of the Footsie 2019 - our tips yield an average of 10%, or TEN TIMES better than savings
Every year Midas reviews the top 10 highest-yielding FTSE 100 shares
The average yield has risen to 10%, while housebuilders Persimmon and Taylor Wimpey deliver yields of more than 12%
The three new entries to the top 10 are Aviva, Legal & General and BT
Normally exceptionally high yields suggest that change is afoot
By JOANNE HART FOR THE MAIL ON SUNDAY

PUBLISHED: 22:03, 31 August 2019 | UPDATED: 09:17, 1 September 2019

[essentialinvestor] 01/9/2019 13:31

wllm, have you looked at how LGEN has performed over the last 3 bear markets?,
this may not be an early stage bear market admittedly.

[wllmherk] 31/8/2019 20:26

'Also, those assets under management figures may not look quite so good after a global recession assuming one arrives'

Red, you might find a global recession with increased volatility leads to a move away from passive tracker funds to actively managed funds such as those run by SLA. Over the last few months, I sold a few of these to reinvest in a few of the insurers whose share prices look undervalued, topped up on DLG and bought a few LGEN.

wllm

[red ninja] 31/8/2019 14:05

Chinese Investor
Thanks for the info.

MCunliffe1

Yes, well they are facilitating those who wish to exit, but the share price has been doing well in the short term as a consequence of the buyback programme.

However, you're right there is a real risk it may fall back when the buy back programme comes to an end.

Also, those assets under management figures may not look quite so good after a global recession assuming one arrives.

[mcunliffe1] 31/8/2019 13:07

Red Ninja,

as I see it SLA are using our money to facilitate the exit of short-term holders - who may very well buy-back in when the inevitable happens after mid Jan 2020 and the share price tanks once more.

At the end of July they once again "raided" the terminal bonuses of the old legacy With Profits investments. Perhaps that aspect is a true measure of the company's future viability?

[chinese investor] 31/8/2019 12:04

"The purchase of Shares (£200 million) will take place during the period commencing on 16 August 2019 and ending no later than 16 January 2020"

[red ninja] 31/8/2019 12:00

I see that Ei Group has reduced its holding by just over 2%, but at the same time the SLA buyback program is soaking up seller's shares.

Anyone know how long the buy back programme has got to run ?

[dongle features] 27/8/2019 12:51

We need 359p to win.
Game on.

[wrestlingmad] 27/8/2019 12:25

Stokes hits another 6.

Share pricing is partly sentimental.

[spud] 27/8/2019 10:47

What a game!!!!spud

[chinese investor] 27/8/2019 10:29

310p Soon !

Think English Cricket Team !

[mam fach] 23/8/2019 11:41

Bought for the long term and income. Will be holding on to my shares.
As regards to is div sustainable it's impossible to tell.