Standard Life Aberdeen Share Discussion Threads

[unastubbs] 18/10/2018 15:31

scrwal - thanks for that, you say the dividend is not affected. did you get that info from the prospectus? can you point me in the right direction where you found that? if the dividend is unchanged then those re-investing are looking at a +10% yield surely? so what's the market missing???

[meijiman] 18/10/2018 15:09

Hopeless management over many years. Plus active fund management is seen as no longer being the future. It's now all about robots and fast fashion.In fact most robots would be better than SL fund managers.

[fionascott1234] 18/10/2018 14:46

As time goes by I find myself less and less likely to be shocked by anything in life or indeed the markets. I am happy to be invested for the long term in general but take the occasional risk with silly ventures into such as BPC recently, happily take a good profit and leave when common sense kicks in again.
Not so however with SLA. Having been in from day one at demutualisation, opting for the cheap share offer, the bonus shares and scrip dividend, the effective compound interest of the dividends has been lucrative. The baneful aspect of course has been the absolutely woeful share price. The market has shown it hates this buy back and consolidation. It is proving to be utter madness.
£2.18 on day one and right now after 12 years, £2.65 so without calculating the previous sell off and consolidation IT REMAINS A DOG OF A SHARE.

[essentialinvestor] 18/10/2018 14:06

Pre tax £744 M. EPS 22.38 - looks the consensus for this year.
That may not factor in the consolidation.

[scrwal] 18/10/2018 13:57

The dividend per share is not affected by the consolidation which is why people like me will reinvest the b share proceeds to maintain the £cash received yearly give or take depending on the price.

The dividend per share can even increase without the total cash paid changing as the shares in issue will fall by the 12.5% and the buyback. Also the div cover improves as EPS will rise again due to less shares in issue.

[unastubbs] 18/10/2018 12:04

hi - could anyone advise please? since the number of shares will reduce by 12.5% in the 7 for 8 scheme, does that mean that the dividend will be reduced proportionately? so the current dividend of 21.6p will be 18.9p - always assuming the dividend is not cut, which like it or not is what the market is signalling...

thanks in advance - una

[tornado12] 17/10/2018 09:26

Is interesting the price remains at the consolidation price of 33,9p and 8 to 7 share payout .. pricing 271,2p. I think next few weeks will define short term success (or not) in the SP

[tornado12] 17/10/2018 05:39

Cyberian, I have to agree with your comments and certainly with the buy back program and current steal of a price the EPS is going only one way in next period. Is also interesting to note that the stockbroker fcsts are extremely bullish and even strong buy. Is clear is not the only indicator for investors but certain in complete opposition to share price trend line .. I remain invested and optimistic with good Divi income my target (tinged with a certain risk I will take)

[cyberian] 16/10/2018 09:24

Strangely the fall in the share price will assist the value of the buy-back program with some £625 million still committed to the program, once the consolidation and all other aspects settle down. Obviously brokers vary in their comments but all seem to suggest that the current share price is well over-sold. I have again looked at the report by JP Morgan/Casenove dated 29th August with a price target at 425p....a few weeks later even if one discounts the value of Phoenix, and Indian investments (OK their values have fallen in real terms a bit recently), plus the £1.75 bln being returned, by another 10%, the remainder of the assets under management are trading at a p/e ratio of about 5/6, a 60% discount to its peers. Sure, there are some uncertainties but they have already completed/arranged some recent third party contracts jointly with Phoenix, which is a plus (relationship is working), then one hopefully will see Sir Douglas Flint join as Executive Chairman very soon.

[chinese investor] 15/10/2018 13:06

MCunliffe,
10.8% !

[essentialinvestor] 15/10/2018 12:48

Action, saw your call on IMB.
Not holding SLA atm, too many risks.

[mcunliffe1] 15/10/2018 12:40

Chinese Investor will be pleased as the yield will climb. Soon be £2.00. What will the yield be then? :-)

[action] 15/10/2018 12:10

EI
265P approaching. It is like quicksand . Can't keep up.

[sicker] 15/10/2018 10:38

Welcome Fiona :-)

[chinese investor] 15/10/2018 10:17

Yield almost 8% !

[meijiman] 15/10/2018 10:15

Welcome aboard.

[fionascott1234] 15/10/2018 09:41

Checking in for the first time, Fiona

[orinocor] 15/10/2018 07:43

How well positioned is this company to withstand a severe economic downturn?

[tornado12] 15/10/2018 06:57

The 33,9p per share consolidation of 1 in 8 is giving a total value equivalent of 2,72 p/share. With money payment on 2/11/18, it all depends on the share price trend to determine to what level my total investment pot will change (assuming reinvestment of windfall) My approach is the long term dividend performance and not the short term share price and so with the consolidation of circa 500 Mil shares off the table then EPS will increase. Other opinions ?

[ygor705] 13/10/2018 14:18

The share consolidation will increase the price........that will make things look better and some won't understand what's going on!

[mavis5] 13/10/2018 11:35

I may have been a bit early with my average down at 279.5p. But I'm still comfortable with that price/divi for a long term hold (fingers very tightly crossed!)

[essentialinvestor] 12/10/2018 19:18

Action, you're looking for 2.65?.

[cmackay] 12/10/2018 19:13

Are the B shares issued on the pre-consolidation holdings, or on the consolidated figures?

[jackdaw4243] 12/10/2018 17:43

Financial sector seems to be going through a period of "belt tightening" on fees they can charge and Brexit.

Baillie Gifford also seems to have the same "Bug".