Standard Life Aberdeen Share Discussion Threads

[rabbrooks] 15/8/2017 13:54

One of the worrying features of this 'Merger' are the newly stated intentions of Gilbert and the ex chairman of ADN continuing their employment at a salary of millions?in the years to come. It is reported in the media today that his employment at SLA will not end in the foreseeable future.. The condition that in the new setup both he and the Aberdeen chairman had to be offered similar jobs in SLA will be a talking point in business schools for many years to come. ADN lost it,s way after Anne Richards left. This merger was a last gasp effort by Gilbert to keep a position in the industry. The job losses should be starting at the top.

[speedsgh] 15/8/2017 12:21

Gary - from SL's recent interims pre-merger...

Half Year Results 2017 (part 2 of 4) -

Following completion of the proposed merger with Aberdeen, the combined group intends to adopt a progressive dividend policy with the base dividend being Standard Life's 2016 full year dividend of 19.82p per share.

EDIT - Prior to the merger the consensus forecast 2017 div for SL was 21.25p. I have no idea how this has been affected by the merger. The recent interims merely note that the company's "progressive dividend policy is to grow the annual dividend from the prior year pence per share payment at a rate that is sustainable over the medium term". Updated forecasts for SLA will doubtless become available over the coming days/weeks.

EDIT #2 - SL's 2017 interim (payable 18/10, XD 7/9) is 7.00p which is an 8.2% increase on 2016 (6.47p). This was presumably calculated by SL in the almost certain knowledge that the merger would proceed. A roughly similar increase in the full year payment to, say, 21.45p might be used as a rough guide at this stage?

[garycook] 15/8/2017 12:14

What is the estimated yield for SLA ?

[speedsgh] 15/8/2017 12:11

Standard Life Aberdeen shares look cheap, says Numis -

Shares in the newly formed Standard Life Aberdeen (SLA) look relatively cheap, according to Numis.

However, analyst David McCann expects the real catalysts for share price rises are unlikely to come through until next year.

The analyst retained his ‘add’ recommendation and target price of 462p on the stock, after the merger between Standard Life and Aberdeen Asset Management completed. The stock was trading up 1.6%, or 6.8p, at 417p at the time of writing.

McCann said asset management giant will be better positioned for industry challenges.

‘While we are positive on the medium to long term outlook for the group and regard the shares as relatively inexpensive, we see the next six to 12 months as a period of transition as the strategy develops - and structures, leadership and teams are aligned,’ he said.

‘We therefore maintain our “add” [recommendation], as we believe the main catalysts for share price appreciation will only start to come through in 2018 and beyond.’

[its the oxman] 15/8/2017 10:38

Barclays raises SLA to overweight 510p target from underweight 343p. Bit of a turnaround.

[spcecks] 15/8/2017 09:34

Chinese Investor good work on the new thread much appreciated.

[chinese investor] 15/8/2017 08:58

If Trump moderates his language we'll see 450p !

[pal44] 15/8/2017 08:54

Still not 450 CI. ..?

[grahamite2] 15/8/2017 08:51

It is indeed.

[chinese investor] 15/8/2017 08:15

This is quite remarkable !

[astute person] 15/8/2017 08:10

Where do you see the price soon CI?

[chinese investor] 15/8/2017 08:03

The Share That Loves To Give !

[giant haystacks] 14/8/2017 22:14

Standard Life Plc (LON:SL) had its price target raised by analysts at Royal Bank Of Canada to £5.20 ($6.77). They now have an "outperform" rating on the stock.

raised by analysts at Macquarie £4.59 ($5.98). They now have an "outperform" rating on the stock.

price target raised by analysts at Numis Securities Ltd to GBX £4.92 ($6.41).

[poseidon adventure] 14/8/2017 17:40

Up 16p in a day.
That's pretty good.

[sicker] 14/8/2017 17:33

Good start.

[rathlindri] 14/8/2017 17:04

Thanks CI I am "aboard"

[big yankee dealer] 14/8/2017 15:09

Did a broker just recommend SLA?

[sicker] 14/8/2017 15:07

Value appears to be coming apparent :-
As CI would say......450 soon.

[astute person] 14/8/2017 14:48

Savings will be made with merger.

[chinese investor] 14/8/2017 13:39

LOL

BTW 420p Soon !

[cwa1] 14/8/2017 13:36

Afternoon grahamite2

I'm more than happy for investors to post wherever they want, I'm not wedded to this thread and it was meant as a temporary home.

Maybe this one could be used for substantive news and the CI one for: SLA up 5, no down 10, no 15 up, etc type comments? ;-)

Seriously though, whichever one folk use is fine by me and I'll use whichever one is the preferred one.

[grahamite2] 14/8/2017 12:58

Nice thread, CI, thank you.