Standard Life Aberdeen Share Discussion Threads

[chinese investor] 04/6/2018 08:13

Good Start !

[chinese investor] 02/6/2018 08:10

Thanks for the link patdavey !

[cmackay] 02/6/2018 06:27

Buy more shares with thee cash? So you would be back to square one essentially, having bought back shares you have lost. Benefits the company but not shareholders imho

[patdavey] 01/6/2018 14:47

CI, suggest you take a look at the latest discussion on this LemonFool thread: especially the comment by Gengulphus at 12:16 today.

[chinese investor] 01/6/2018 13:55

I think shareholders should be given the option not to take part !

[sicker] 01/6/2018 13:52

It's all about number manipulation I think, you can always buy more shares with the cash.

[chinese investor] 01/6/2018 12:44

Have I got this correct ?
My holding will be reduced by around 9% and I'll be getting 9% cash.
Seems stupid !

[spcecks] 01/6/2018 11:37

Good size purchase must be confident in the future of the company hopefully.

[beazer2] 01/6/2018 10:42

Director purchase of 40,000 shares at £3.50.

[sicker] 01/6/2018 09:12

Hope so :-)

[sicker] 01/6/2018 08:37

To where Chinese ?

[chinese investor] 01/6/2018 08:02

Here We Go !

[cmackay] 30/5/2018 18:41

On reflection, it's potentially a positive deal. ROC gains will be negated by consolidation. The real benefit will hopefully come with the share buyback, which should raise the share price and hopefully the dividend.

[spcecks] 30/5/2018 12:39

Pierre Oreilly Agree with what you are saying fewer share in circulation.

[pierre oreilly] 30/5/2018 10:46

We'll gain because all the ratios will be calculated on fewer sla shares, lowering p/e etc.

[spcecks] 30/5/2018 10:05

Thanks for all the information everyone looks like we won't gaining much.

[chinese investor] 30/5/2018 07:19

"To maintain comparability between the market price per SLA ordinary share before and after the implementation of the B share scheme, it is proposed that the B share scheme will be accompanied by a share consolidation."

[2hoggy] 29/5/2018 23:26

Just like they did before when they sold the Canadian side of the business,the share price was reduced as the equity of the company was not as great.

You don't get some thing for nothing,I think the amalgamation with Aberdeen was a disaster and the out going ceo was the main one to make money from it.

[cmackay] 29/5/2018 22:36

Ok, that's a different matter entirely. I had not realised there was a consolidation running in conjunction with the ROC. Seems like you don't get anything, as they will remove shares to the equivalent value of what they give you. Pointless imho

[speedsgh] 29/5/2018 21:55

@specks - Note in today's rns that the proposed return of capital will be accompanied by a share consolidation...

"To maintain comparability between the market price per SLA ordinary share before and after the implementation of the B share scheme, it is proposed that the B share scheme will be accompanied by a share consolidation."

So the share price ought to look roughly the same before/after implementation of the return of capital but the share consolidation means that you will hold less shares than previously. The difference in valuation of your shareholding before/after implementation of the scheme should equate roughly to the value of the return of capital that you receive.

[cmackay] 29/5/2018 20:54

Spcecks, you're welcome. AFAIK any shares you buy tomorrow will qualify, but it's best to await further announcement from the company.

In my previous experience, an rns was released stating that a return of value would be performed through the issue of B shares. The qualifying date for the B shares was a week or 2 after the rns confirming the process.

Upon seeing the RNs in the evening, I bought in the next morning. A week or two after this, I was issued an equivalent number of B shares, one for every ordinary share that I had purchased. These B shares could not be traded, they really only acted as a marker to show how many shares you were entitled to a payment from.

Around 2 weeks after the issue of B shares, I received a cash sum in my trading account equivalent to the value of the B shares, and the B shares were subsequently cancelled. The share price that day dropped, much like a company that has paid out a dividend should theoretically drop. However, it did not drop by the full amount of the pay out.

If you would like to investigate the series of events further, look at the RNS releases around October 2016 for EME. Bear in mind that I have no reason to believe the SLA format will match this; it's simply my only first hand experience of this kind of thing.

[spcecks] 29/5/2018 19:53

Hi just to ask if I buy more share of SLA tomorrow will these new ones qualify for B share.....also does your original shareholding decline with the B shares so you are no better of.

[spcecks] 29/5/2018 19:47

cmackay Thanks for the information much appreciated.

[spcecks] 29/5/2018 19:44

speedsgh Thanks for your explanation much appreciated.