Standard Life Aberdeen Share Discussion Threads

[essentialinvestor] 15/2/2019 13:41

Some appear to be looking at this in isolation, rather than in the context
of wider industry headwinds.

For a little context, look at the Invesco share price

Not holding atm, and don't see any compelling reason to, just imv.

[watfordhornet] 15/2/2019 13:26

Right - so guessing my timing of topping up at 259 a few weeks back not great!!Have a lot of time for Flint though - if it can be fixed I think they have a good man there. Obviously he can't do miracles so let's see what happens

[eeza] 15/2/2019 13:22

Just as well the Stockmarket is having a good day, else.......

[tornado12] 15/2/2019 13:00

Fiona it’s shocking considering also the previous strong reputations of each company before the merger, I have to agree heads must roll ..

[tornado12] 15/2/2019 12:58

It depends why MS is investing in SLA. It’s a share very much in play at the moment. But I have a question for the more experienced SLA players on this board. If it was linked to yearly profits , they must deliver a warning to the market in any case and they haven’t... so I expect the market concern is very much focussed on AUM outages and loss in revenue/ medium term profits. Here is where they must action strong in costs, organisation changes and leadership to steady the business plan. By doing that I expect they can turn it round. It’s a BIG update on 13/3.

[fionascott1234] 15/2/2019 12:54

Absolutely shocking. The crisis continues and the results due soon may well mean a complete bloodbath. Who's for the AGM? Police may be in attendance.

[cyberian] 15/2/2019 11:31

Morgan Stanley were sole book-runner for the Mitsubishi remaining stake of 5.9% and achieved in 30 minutes....to their complete surprise apparently at 232p. I had wondered if SLA had used their own funds but looks NOT! Mitsubishi state that they are
re-positioning their global exposure in this area and "SLA would remain an important partner".So the story appears less dramatic in some ways, BUT nevertheless very significant changes in SLA must be advancing with some urgency. Obviously and hopefully, the floor may have been reached if placement of the 5.9% stake achieved so rapidly??

[skinny] 15/2/2019 11:28

My last buy on these was @222.37 11th December - out on 24th @258.24.

I'm not sure if I'd buy back even at that level again.

[meijiman] 15/2/2019 11:27

Disastrous 'merger'-not surprised by post 1486....

[tornado12] 15/2/2019 11:18

However not tempted to top up here. There are better balanced bets in Ftse 100/250

[tornado12] 15/2/2019 11:16

I see all comments and smell of fear , but I’m prepared to take the risk vs reward. Is true is also my worst performing share but I invested based on fact that it was in distress and medium term turnaround I stick to my guns and don’t react to these daily events. Would destroy my health. I look forward to final results and Divi maintained as previous year

[edmundshaw] 15/2/2019 11:13

Bouncing. A big sale like Mitsubishi's without a single buyer often causes a bit of short term mayhem. Can be an opportunity if you feel confident.

[spcecks] 15/2/2019 11:08

I have bought some more this morning for long term and the dividend.

[rathlindri] 15/2/2019 11:06

Biggest faller on the FTSE 100 this morning down 6.22% currently. Grim

[rcturner2] 15/2/2019 10:52

I too have cut my losses here. Something is not right.

[tartshagger] 15/2/2019 10:48

My spies on the top floor at 30 Lothian Road tell me there is a distinct lack of interest from property investors in the sale of the building at the guide price, as the board in desperation try to stem the humungous losses in AUM by moving the business down to London.

Rumours are rife in the office (many of the staff are still shareholders) that the dividend will be "suspended" this May, in an effort to retain key staff by paying them increased bonuses.

I never trusted Gerry Grimshaw and always voted against him at the AGM. He left the company (with a huge payoff) having agreed the merger during a game of golf with Aberdeen's CEO. The inter-office rivallry and internal politics between replacements Martin Gilbert and Keith Skeoch are damaging business efficiency as both of them vie for single control and interfere in each other's decisions.

I hear that large institutional investors are not impressed with the collapse in share price and will be pushing for a conclusion to the damaging in-fighting at this years AGM. Watch out for fireworks and the share price plumbing a quid per share shortly afterwards as AUM fall over a cliff. Grimshaw and Co should be investigated for their role in this corporate fiasco.

[stewart64] 15/2/2019 10:39

Just sold AZN at 61.85, I know I should run my winners. So I'm watching this.

[its the oxman] 15/2/2019 10:36

Cut the div and this will sink below 200p. Dire times.

[chinese investor] 15/2/2019 10:30

SLA is my only bad performer - I may top up later this morning !

[nick rubens] 15/2/2019 10:27

It's painful at the moment for those in this, but we all have dog stocks. Even though I've avoided this so far, I've still bought companies who's valuations continued to slide soon afterwards. As natural as day follows night.

[mcunliffe1] 15/2/2019 09:54

Today seems to be a good day to buy back more than the normal 1m shares. If SLA instruct their agents to buy a considerably larger amount it signals their belief that the share price may have hit bottom. If they buy the "normal" amount it signals their belief the share price may fall further - imo.

I'm now starting to seriously consider moving my pension pot (or part of it certainly) to an alternate provider. That decision will not be taken lightly yet I suspect many thousands have already undertaken such a move. The AUM has taken a pounding and I cannot recall if SLA have yet announced the exact loss of such.

The hope that Flint will arrive like a "white knight" and solve all the problems is fanciful in my opinion.

[grahamite2] 15/2/2019 09:48

Has anyone read the Articles of Association? Is there scope for changing domicile if need be?

[stewart64] 15/2/2019 09:40

I cut my losses at 2.59 here, jumping onto RDSB at 22.50 and recovering the loss. It's starting to look tempting again.

Think a lot of the price action is political risk. Almost a triple whammy, Brexit, possible general election and the the biggest, imo, Scotland being a bit of a basket case led by the SNP who are seeking a divorce from their biggest trading partner.

[skinny] 15/2/2019 09:33

Since the announcement of the buyback.....