Standard Life Aberdeen Share Discussion Threads

[masurenguy] 14/3/2019 11:27

That's me out with a small 5% capital gain.
I see too many risks involved here going forward.
The dividend is probably unsustainable which was the initial hook for me here.

[edmundshaw] 14/3/2019 09:04

Aviva uses operating EPS to measure performance. That was up to 58.4p (+7%).

Basic EPS was up from 35p to 38.2p.

Operating is before tax and interest. It is not the same number.

[chinese investor] 14/3/2019 08:38

All Good !

[tornado12] 14/3/2019 03:35

Results as good as we could have expected with SLA working on all levers to sustain their profitability. Good to change organisation , but should have really cut out CEO to save cost. Great the divi is maintained as I hoped and at least covered (barely) by eps. Hope this is turning point for 2019. I’m long with a nice 7,5%ROI so happy to hold :-)

[scrwal] 13/3/2019 17:32

Avivas results including eps were slightly better than the forecasts. They were better than SLA and AV. div cover is far superior. The knock on AV. was the change to a progressive div policy and Tulloch being the right person to implement any changes - not the financial performance.

[stewart64] 13/3/2019 13:32

Not surprised SLA up to day after disastrous forecasts on LG and especially Aviva. I said last week eps forecasts were at 23.91p..22.38p pretty close. We could have easily been sub 15p if forecasts had gone as badly wrong as Aviva.

[chinese investor] 13/3/2019 09:52

"Ahead of schedule in delivering cost efficiencies of at least GBP350m with actions already taken to deliver GBP175m of these savings"

[mcunliffe1] 13/3/2019 09:42

Why Chinese Invester? Is that what Gilbert gets paid plus his expenses? :-) :-)

[chinese investor] 13/3/2019 09:26

£175 million of savings to come !

[saltaire111] 13/3/2019 09:20

It really does appear that they are getting to grips with the business now. I’m long SL (I guess you’d never have known) but after today’s announcement, I feel confident that sticking with the company is the right thing to do. The yield alone is sufficient justification to do so.

Salty.

[porsche1945] 13/3/2019 09:17

Mc, good point, i thought that, if such a positive to have one ceo then why have two to start with and why carry on so long with them in the face of a declining share price. What they need to do is improve their products, alot of poorly performing dross, like the rest of the uk investment industry.

[waveneygnome] 13/3/2019 08:25

Not as bad as I feared.
Still another £400m of share buy backs in the pipeline
A year of consolidation ahead for the business.
Get Brexit resolved one way or another....this should start motoring.

[edmundshaw] 13/3/2019 08:24

Still some excess cash, so just as companies with excess debt should be rated lower, companies with excess cash (and sensible plans for it) should be rated higher. Whether this comes through from buybacks at a low price, or by acquisitions, or by internal growth, this does make the PER of 11 or so look cheap for the medium term in my view.

[mcunliffe1] 13/3/2019 08:22

So, if getting rid of one CEO is a good idea and has been well received by all and sundry.........why the hell did this not happen a long time ago?

[saltaire111] 13/3/2019 08:12

The market likes the look of the results and new structure.

The CEO can now get into the cost base without having to look over his shoulder and be concerned over who he may be upsetting.

And a single vision for the future growth strategy is always better than blurred double vision.

Good moves from the Board.

Salty

[ygor705] 13/3/2019 07:54

Well the dividend is safe, there are plenty of costs still to be cut and the share buybacks look set to continue for a fair while yet. The eps line appears to have come in below consensus but the share price has been so dire that it's probably already been discounted by the market. There's a lot to read in the statement but a continuation of the transformation to an investment company seems to be the theme. Not expecting any share price fireworks ..... but it's easy to be wrong with SLA.

[ramellous] 13/3/2019 07:54

It's a hold for me with this 9% dividend for the year. Looks sustainable

[pejaten] 13/3/2019 07:51

The key question is not whether results are bad but whether they, together with outlook, are better / worse than expectations One CEO is a positive for m, but I guess those who want to find a negative in something will always find a way to put a negative spin. Market reaction will be interesting

[edmundshaw] 13/3/2019 07:48

21.6p dividend slightly up. However cover is about 1.04x, so they need to get growth in net profits next year - and yes, halving certain personnel extravagances would be a help...

[hydrogen economy] 13/3/2019 07:32

One CEO- reducing one of the most expensive headcount should help.. oh no he's been promoted to Vice Chairman with special responsibility for strategic key-client lunches.

Results look awful.

[timmy11] 13/3/2019 07:28

after all the doom and gloom its not bad...looking forward will be better

[saltaire111] 13/3/2019 07:27

Results better than I expected. I expected outflows to be in double digits. Good to see them grasp the nettle with one CEO.

Salty

[joshuam] 13/3/2019 07:26

Unprecedented uncertainty

[w1ndjammer] 13/3/2019 07:25

uninspiring

WJ.