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Share Name Share Symbol Market Type Share ISIN Share Description
Standard Life Aberdeen Plc LSE:SLA London Ordinary Share GB00BF8Q6K64 ORD 13 61/63P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -1.62% 302.90 4,441,655 16:35:07
Bid Price Offer Price High Price Low Price Open Price
303.20 303.50 310.80 301.30 307.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 3,993.00 243.00 11.20 27.0 6,825
Last Trade Time Trade Type Trade Size Trade Price Currency
18:07:26 O 12,700 304.397 GBX

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25/1/202114:14Standard Life Aberdeen PLC349
25/1/202112:25Standard Life SLA2,482
06/4/202013:06Standard Life Thread Post AAM Merger32
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11/12/201810:25Profit Warning ? Market Cap loss Ј 5.5 billion ++-

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2021-01-25 17:48:17303.277,52122,808.56O
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DateSubject
25/1/2021
08:20
Standard Life Aberdeen Daily Update: Standard Life Aberdeen Plc is listed in the General Financial sector of the London Stock Exchange with ticker SLA. The last closing price for Standard Life Aberdeen was 307.90p.
Standard Life Aberdeen Plc has a 4 week average price of 280.30p and a 12 week average price of 221.90p.
The 1 year high share price is 330.30p while the 1 year low share price is currently 170.30p.
There are currently 2,253,362,623 shares in issue and the average daily traded volume is 3,548,338 shares. The market capitalisation of Standard Life Aberdeen Plc is £6,825,435,385.07.
29/12/2020
15:20
mcunliffe1: 1carus, This share buy-back has been in progress for a lengthy period of time. Back in March, 26th to be precise, I posted the following: MCunliffe1 - 26 Mar 2020 - 09:39:06 - 2319 of 2453 Standard Life SLA - SLA A simple example. A company is deemed to be worth, say, £100 and is known to have cash assets of, say, £10. The company embarks upon a share buy-back and uses £5 of the £10 cash assets buying up its own shares and then cancelling them. At the end of the process the company is deemed to be worth £95 as it's spent £5 of the £10 cash. In theory, the lesser number of shares in circulation represent a lower valued company, so should be 5% lower in value. However, we are talking very small percentages of shares in this buy-back. Some shares were being bought at £3.33 just before Christmas and at £1.77 three days ago. Almost half-priced. I maintain that SLA could have used the cash more productively had they bought other company's shares - ie. acted as a true Investment Company. That said, buying their own shares when the price is at a historic low point makes sense but only if you stop when the price starts to rise. Continue again when the share falls back to that same or a worse low point. Dec 2018 was a low point, Feb 2019 again, March 2019 was slightly better, but low and Aug 2019 also low. But, they continued to spend the cash even as a prolonged rise in the share price occured between Sept 2019 and Feb 2020. Don't tell me that was a result of the share buy-back because practically every other company in the market was seeing rising S.P.'s during that same period. C.I. likes Novacyt. Had SLA also liked Novacyt and bought THEIR shares instead of their own they'd have seen a 1200+% increase - since JANUARY 2020. That's what investment companies are supposed to do - invest in rising stars. I think it's rich for an investment company to buy-back its own, under-performing shares when there's so many better places for OUR money.
04/12/2020
11:57
spud: How will a pivot to passive affect Standard Life’s share price? Opto 03 Dec 2020, 13:15 GMT https://www.cmcmarkets.com/en-gb/opto/how-will-a-pivot-to-passive-affect-standard-lifes-share-price Standard Life Aberdeen’s [SLA.L] share price began the year at 330.50p before falling by almost 50% to 174p on 23 March. As the pandemic spooked its clients, many switched to lower fee passive funds. The lifting of lockdown in the UK and hopes of an economic bounce back helped Standard Life’s share price hit 281.10p on 8 June, but the stock slumped again, hitting 208.90p on 25 September after disappointing first-half results in early August. Standard Life’s share price continued to plateau even after new boss Stephen Bird arrived in September, reaching just 257.20p on 12 November. In an interview with Bloomberg on 12 November, Bird said he planned to build a portfolio of passive products in order to stem investor outflows and respond to growing demand for index investing. Ultimately, the hope will be that this can, in turn, boost Standard Life’s share price. “Passive is an essential component of a full solution provider. We are screening for which technology, which people, which capabilities can help us get there,” Bird said. “An ideal active-passive split would be 70/30. If you stay as an old traditional asset class asset manager, you will be extinct.” As of 30 November, Standard Life’s share price climbed 6.8% to 274.80p. Reversing course Despite only 32% of its investments lagging their benchmark compared with 40% last year, Standard Life Aberdeen reported a drop in pre-tax profit to £195m down from £280m. Fee-based revenue of £706m was down from £815m. Its assets under management and administration dropped 6% to £512bn, hit by Lloyds Banking Group’s [LLOY] decision to switch £25bn of investments to rival Schroders. Keith Skeoch, in his last results as chief executive of Standard Life, painted a gloomy picture. “The outlook for markets is tough. I don’t think this recovery without a vaccine is going to be V-shaped, it’s going to be W-shaped,” he said. "The outlook for markets is tough. I don't think this recovery without a vaccine is going to be V-shaped, it's going to be W-shaped" - Keith Skeoch, former Standard Life CEO Following the statements from Bird, however, it is expected that Standard Life will build up more index linked exchange-traded funds, buy ETF technology and boost investments in assets such as infrastructure. Some analysts are sceptical about the chances of success for Standard Life’s share price. “It will be quite a challenge to achieve this,” Numis Securities analyst David McCann told Financial News. “Bearing in mind that BlackRock [BLK], Vanguard [VOO] and State Street [STT] have a 20-30 plus year head start, and certain European competitors like Legal & General [LGEN], DWS [DWS], HSBC [HSBA] and Amundi [AMUN] also are well experienced in this market, it is really hard to see how this might work.” Brand power Prior to Bird’s comments, Standard Life had received a Sell recommendation from five analysts rating the stock, with five offering a Hold rating and three a Buy, according to Marketbeat. The average target for Standard Life’s share price is 253.33p. Barclays rated it Underweight and gave it a 240p price target. Royal Bank of Canada rated it an Underperform and gave it a 225p price target. JPMorgan has an Overweight rating and a 270p target on Standard Life’s share price, stating that it has room to reduce its dividend payout in 2020/21 to a 7% yield — still leaving it ahead of the 3.5% average for FTSE 100 stocks — and to make acquisitions in its investment unit. There is also hope that Standard Life’s share price will gain from investing in wealth management services. “[Standard Life Aberdeen] is the fourth-largest wealth management business in the UK. It has failed to capitalise on this during the past few years,” Rupert Hargreaves wrote in The Motley Fool. “Wealth management can offer higher profits than fund management. Further, Standard Life is one of the most trusted financial brands in the country, which should give it an edge over competitors.” He added that the combination of its dividend yield and potential earnings expansion from new growth initiatives means Standard Life’s share price could produce large total returns in the years ahead. Market cap £6.302bn Operating margin (TTM) 53.49% EPS (TTM) -39.80 Quarterly revenue growth (YoY) -19.00% Standard Life's share price vitals, Yahoo Finance, 3 December 2020 spud
18/11/2020
11:19
spud: Standard Life Aberdeen wants to compete with BlackRock in ETFs: ‘It will be quite a challenge’ BlackRock, Vanguard and State Street have a 20- to 30-year headstart in the ETF space, which in Europe alone has swelled to assets worth more than $1.1tn http://www.fnlondon.com/articles/standard-life-aberdeen-wants-to-compete-with-blackrock-in-etfs-it-will-be-quite-a-challenge-20201118 Standard Life Aberdeen chief executive Stephen Bird has plans to launch SLA into the ETF market. By David Ricketts Wednesday November 18, 2020 12:01 am Standard Life Aberdeen’s new chief executive has been in the top job for just over two months, but he already has grand plans about how he wants to transform the £511bn asset manager to compete with some of the world’s largest passive players. Former Citigroup executive Stephen Bird, who took over at the helm from Keith Skeoch in September, said he wants to propel SLA into the booming exchange traded funds sector, which at the end of September had assets of more than $1.1tn in Europe alone. SLA is known for its stock-picking capabilities. However, Bird has indicated the ideal active-passive split he wants to achieve is 70:30, according to an interview with Bloomberg on 12 November. “We can either buy proprietary ETF technology, buy an ETF business or build it,” he said. A spokesperson for SLA pointed to its acquisition of the US business of commodity ETF provider ETF Securities in 2018, where assets have doubled to $6bn. “Work is underway to build upon this success, by delivering our research and analytical strengths via ETFs,” said the spokesperson. However, analysts say making a concerted push into the ETF sector might be a tall order for the Edinburgh-headquartered asset manager, which has seen assets plummet from £660bn in 2017. “It will be quite a challenge to achieve this,” said David McCann, an analyst with Numis Securities. McCann said the biggest factor for success in the passive investment sector was possessing significant scale, due to the low fees index tracking products charge. Dominant players in the ETF sector also have significant muscle. BlackRock, the world’s largest asset manager, oversees $490bn in ETF assets in Europe. The top three ETF providers in the region have control of more than 62% of the market. “Bearing in mind that BlackRock, Vanguard and State Street have a 20-30 plus year headstart, and certain European competitors like L&G, DWS, HSBC and Amundi also are well experienced in this market, it is really hard to see how this might work,” said McCann. McCann added that an acquisition is likely to be the only way Bird can achieve his goal of launching SLA into the ETF business. “However, if the ratio is 70:30, and assuming the current business were to stay the same, this implies that the passive business they’d be looking to achieve would be [around £200bn] in size,” said McCann. “That is still tiny compared to the passive businesses being run by BlackRock, Vanguard, State Street, L&G [and others].” Tom Mills, an analyst with Jefferies, added the push into passives and ETFs with the ambition of building this capability to 30% of assets from scratch “is likely to come as a surprise to the market given competitive dynamics in that segment necessitate tremendous scale”. Mills said Lyxor — one of Europe’s largest ETF providers with around $84bn of assets and which is reportedly up for sale — could be a potential buying opportunity for SLA. Martin Gilbert, former vice-chair of SLA, told Financial News in August that Bird was likely to pursue deals to help build the asset manager. “Stephen will be really good on the organic growth front and on some selective M&A,” Gilbert said in August. “He has the strength of the balance sheet to build whatever he wants. I don’t think he’s taken the job to stand still.” Peter Sleep, a portfolio manager at Seven Investment Management who invests in ETFs, said building up a passive business would not be impossible for SLA, given its previous experience managing around £30bn in passive assets for Scottish Widows, before this was pulled in 2019. But significant scale would be needed in order to make profits, particularly in the ETF sector. “It is really hard to compete against BlackRock, State Street and Vanguard: the market megaliths. Margins are wafer thin and competition is intense,” said Sleep. “There are obviously lots of smaller players that they could buy, just for the experienced people to give a smoother start into ETFs,” he added. Nick Hyett, an equity analyst at Hargreaves Lansdown, said in order to succeed SLA will have to offer something existing ETF players do not. “Since passive funds should, at least in theory, be more or less identical in what they invest in, the only real differentiator is price,” said Hyett. “Really you need scale to compete on price, so its difficult to see how a fledgling SLA ETF offer could compete on that basis.” spud
10/11/2020
12:49
fenners66: MCunliffe1 So many advocate share buy-backs where the received wisdom is reduce shares , increase EPS , increase share price - award directors a huge bonus... no wonder directors vote for it. However there are counter arguments 1 EPS may be greater - all things being equal. All things of course are Never equal. So they bought hi. Did they start buying hi because of the announcement of a buy back? Share price on any given day is a result of supply and demand - invent a huge artificial demand and price paid may well be too high. 2 They are an investment company asking the populace to lend them money to invest - whilst they had £billions of their own and did not know what to invest it in - so they don't trust their investment managers why should anyone else? 3 They purchase of shares - removes cash from the balance sheet - and often increases debt as the companies borrow to buy back shares. QED enterprise value falls - so share price should too.
09/11/2020
16:22
mcunliffe1: Nick - I posted this a week or so ago on another SLA thread: thought it may be helpful to any who haven't read it previously. With a bit of time to kill I have been looking back at the share purchase numbers at SLA. The share buy-back started at about 14th August 2018. The share price was about 373p at that time and there were approx. 2979,559,515 shares in existance. At 30th Aug 2019 the share price was 249p and the number at 2400,929,435. They'd purchased about 19% of their shares by that point. At 31 Aug 2020 the share price was about 237p, the number of shares at 2241,101,532 and that means they'd bought about 6.6% of the shares available in the last year. In total, they've bought a little below 25% of the shares that were in existance at the outset in Aug 2018. The share price has of course plunged from 373 to 237 in that period. A drop of 36%. A week ago, the share price was at 225 so since the start of buy-back we've seen a share price drop of almost 40%. I'm trying to think positive here and wonder what the share price might have been without the buy-back. But, I'm thinking that the 75% of shares that exist now compared to the 100% at August 2018 hold a far lower value per share. If profits can be maintained the divi should be safe - but then, if the belief that profits could be maintained would a much lower number of shares not attract a higher value? Mad world. UPDATE: Since I wrote the above the share price has jumped appreciably - partly in response to the COVID-19 potential vacine.
02/11/2020
18:42
mcunliffe1: Appreciate your thanks tornado12. During the buyback I looked closely at the frequency and volume of their purchases. There seemed to be little correlation in any given day between the volume purchased and the movement in the s.p. I appreciate the buying instructions will have been created by a computer as there were so many and sometimes for just one or two shares in one trx. However, as a retired programmer I fail to see why some level of intelligence (the popular press refer to such as 'algorithms') could not be applied to the buying program to aim towards a lower average cost per share. A simple initial rule would be to only buy if the current price is lower than the previous trx purchase price. This would mean you'd never buy if the price was constantly rising - but that should be seen as a benefit rather than a failure to 'offload' the value placed to one side for the re-purchase. If the share price is lower than the previous trx price buy more shares and keep increasing the amount bought until the share price starts to rise. Smarter people than I could improve upon those basics immeasurably I'm sure.
02/11/2020
16:43
mcunliffe1: With a bit of time to kill I have been looking back at the share purchase numbers at SLA. The share buy-back started at about 14th August 2018. The share price was about 373p at that time and there were approx. 2979,559,515 shares in existance. At 30th Aug 2019 the share price was 249p and the number at 2400,929,435. They'd purchased about 19% of their shares by that point. At 31 Aug 2020 the share price was about 237p, the number of shares at 2241,101,532 and that means they'd bout about 6.6% of the shares available in the last year. In total, they've bought a little below 25% of the shares that were in existance at the outset in Aug 2018. The share price has of course plunged from 373 to 237 in that period. A drop of 36%. Today, the share price is at 225 so since the start of buy-back we've seen a share price drop of almost 40%. I'm trying to think positive here and wondcer what the share price might have been without the buy-back. But, I'm thinking that the 75% of shares that exist now compared to the 100% at August 2018 hold a far lower value per share. If profits can be maintained the divi should be safe - but then, if the belief that profits could be maintained would a much lower number of shares not attract a higher value? Mad world.
23/9/2020
10:33
spud: https://www.cmcmarkets.com/en-gb/opto/sector-spotlight-legal-and-general-avivastandard-lifes-share-prices Shares in insurance companies are holding firm despite a high court ruling this month that they could have to pay out thousands. In the judgement, the court ruled that some insurers would have to pay out to businesses claiming business interruption due to the pandemic. However, as City AM reports, investors in Legal and General [LGEN], Aviva [AV] and Standard Life [SLA] “shook off the ruling”. What’s more remarkable is that many had predicted the insurance sector would be one of the hardest hit by the outbreak, paying out on both business and life insurance policies. Yet, while half-year profits have seen sharp falls, the sector seems resilient. Unlike banking, which has seen share prices suppressed since the outbreak, insurers have by and large managed to claw back some losses. So, what’s the outlook for heavyweights Legal and General, Aviva and Standard Life’s share prices for the rest of the year? Legal and General’s share price While Legal and General’s share price has been on a downward trajectory since mid-August, it's still lightyears above the 138.6p it was trading at on 23 March. Causing the late summer slip were first-half pre-tax profits of £285m, a steep 73% drop from the same period last year. Weighing on earnings were historically low-interest rates and payouts on life insurance policies, both due to the coronavirus. £285MILLION LEGAL & GENERAL'S HALF-YEAR PRE-TAX PROFITS - A 73% YOY DECLINE Still, that didn't stop Legal and General from paying out a 4.93p per share first-half dividend. While that's less than some analysts were expecting, considering that the regulator has been pressuring insurers to freeze payouts to shore up capital, it’s better than nothing. For income-seeking investors, some analysts reckon dividends will be back to strength sooner rather than later. Gordon Aitken, an analyst at RBC Capital Markets, said: “We see this dividend caution as merely temporary and not an indication that dividend growth will slow.” Among the analysts tracking the stock, Legal and General's share price carries a 288.79p price target, which would see a 59.6% upside on 21 September’s closing price if hit. “We see this dividend caution as merely temporary and not an indication that dividend growth will slow” - Gordon Aitken, RBC Capital Markets analyst Aviva’s share price Two months into the job and Aviva's new CEO Amanda Blanc has picked up £1m worth of the insurer's stock. Picking up 324,887 Aviva shares at just over 300p certainly shows self-belief in her own turnaround strategy. Having replaced Maurice Tulloch in the top spot after the former CEO resigned for family health reasons, Blanc has the task of turning around Aviva's share price, which has fallen 30% since the start of the year. 30% AVIVA'S YTD SHARE PRICE DROP To do this, Blanc has pledged to focus on Aviva’s core UK, Ireland and Canada markets, while reducing its European and Asian operations. Already Blanc has overseen the sale of Aviva's Singapore operations to Singapore Life for $1.98bn in one of the biggest insurance deals in Southeast Asia. “The sale of Aviva Singapore is a significant first step in our new strategy to bring greater focus to Aviva’s portfolio,” said Blanc. The deal also got the blessing from analysts at Jefferies, who described it as constituting “exceptional value creation” for Aviva, while commending Blanc for showing “decisive action”. So, a promising start from the new CEO, with the possibility of having picked up Aviva’s share price at a bargain? Analysts tracking the stock on Yahoo Finance have a 551.33p average price target. Hitting this would see an impressive 95.3% upside on Aviva’s current share price (as of 21 September’s close). “The sale of Aviva Singapore is a significant first step in our new strategy to bring greater focus to Aviva’s portfolio” - Aviva's new CEO Amanda Blanc Standard Life Aberdeen’s share price Like Aviva, Standard Life’s share price has seen a steep drop off since the start of the year, followed by a mild recovery since the start of the pandemic. In half-year results, adjusted pre-tax profit came in at £195m, down 30% from the £280m seen in the same period last year. The sharp downturn in profit can be notched up to both the coronavirus and the loss of its business with Lloyds bank. In total, net withdrawals came in at £24.8bn, causing fee revenue to drop 13%. Despite the losses, Standard Life rewarded shareholders with a 7.3p interim dividend. £195MILLION STANDARD LIFE'S HALF-YEAR PRE-TAX PROFITS - A 30% YOY DECLINE Presiding over his last set of results, the outgoing CEO Keith Skeoch commented that “the long-term consequences of the crisis will be profound,” and predicted that any economic recovery would be W-shaped without a vaccine. While that struck a gloomy chord, Standard Life actually saw overall outflows slow, excluding the withdrawal paid to Lloyds. If the asset manager continues to reduce outflows, Standard Life’s share price may have already been through the worst. Analysts have pinned a 380.07p average target on Standard Life’s share price, which would see a 75% gain on the current share price (through 21 September’s close). spud
21/8/2020
07:01
mcunliffe1: There haven't been many days other than nasty of late Salty. No matter how much of our money this company spends on share buy-backs, paying-off old CEO's, saying "hello" generously to new CEO's and F.D.'s the share price seems mired. It's am unglamorous outfit in all respects and until that changes and good news starts to appear I cannot see the situation changing. I recently posted (on the other thread I think) the comparison between SLA and Hargreaves Lansdown in respect of inward investment: HL - £7,700m SLA - £ 100m For the 12months to 30June2020. That's why the SLA share price is languishing IMO.
02/8/2020
23:28
mcunliffe1: Wanting to check the progress (or lack therein) of my pension, I log on to the SLA site to be shocked by the headline value of my pension. It's lost several thousand over the past couple of days. A closer inspection shows the following statement: "At this time, the above values do not include any adjustments or bonuses." No explanation why. No confirmation when this may change. Hence, accurate valuation. THIS is part of the reason SLA share price is sh*t. The management care little for the customer; their level of disrespect is unacceptable. This has been the case for several years and I suspect it will not improve.
Standard Life Aberdeen share price data is direct from the London Stock Exchange
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