Standard Life Aberdeen Share Discussion Threads

[edmundshaw] 19/3/2019 12:02

Dr. B I just saw "independent" in the link. I don't have infinite time to read every newspaper but I try to use a selection from every bias (since unbiased papers have ceased to exist). My apologies for not checking that.

Why do you think I was against the Japan deal? Strange comment. Where is your evidence for an upgoming collapse in manufacturing? I hold a cpouple of manufacturers, and while there is uncertainty thanks to the protracted procedures of the May regime, most of them are pretty sanguine about prospects in or out. The minority of UK manufacturers that export have made their preparations...

Not all doom and gloom either... at least outside mainland europe (youth unemployment rate in Spain 32.6%, Italy 29.8% last I looked); this article from the guardian (written after Boeing invested in a £40m new production plant near Sheffield (their first overseas manufacturing commitment):-
www.theguardian.com/politics/2019/jan/14/uk-jobs-boom-strongest-in-south-yorkshire-and-merseyside-thinktank-finds

Of course we can all pick out articles to support our point of view. I am trying my best to look at all sides, but I don't like the look of the political future of europe, nor am I particularly bullish about its economic imbalances (PIGS vs the strong northern economies) and internal migrations (loss of doctors, nurses, lawyers in Lithuania and Estonia where around 25% of the population left after joining. Nice for the UK, Germany and Sweden but hardly fair on the Baltic states).

[lippy4] 19/3/2019 11:25

recently moved all my sla into my isa so nice to see an improvement after the share price crash of recent times.

[chinese investor] 19/3/2019 11:04

355p Next (see graph) !

[chinese investor] 19/3/2019 10:53

LLOYs may be forced to pay an exit fee.

[retsius] 19/3/2019 10:40

Yes,the decision by the Arbitration Panel to decide in SLA's favour is very positive news.

Early days to know if there is to be any compensation,but then why would they have bothered to persue a court case if not for some financial redress?

I noted they had an impairment charge of £40m to cover loss of business from this severance of trade in Feb 2018.We will have to wait for more developments, but the fact that the tribunal found in its favour, is excellent news for SLA.
R.

[chinese investor] 19/3/2019 10:32

...and the subsequent LLOY share sale !

[fionascott1234] 19/3/2019 10:21

#Now that the arbitration panel has ruled in our favour#It's a pity they couldn't reverse into the price it was prior to the LLOY announcement. That bombshell bombed us well and truly.

[warranty] 19/3/2019 10:05

Dr B, Reading between the lines I'm sure that we agree on more than we disagree and in fact, if we sat down together, we could probably come up with an Exit agreement that suits everybody. I mean we both agree on SLA and LLOY as good investments for a start.

I think the majority of the problem with business, both large and small, is the appalling way our Politicians, Government and Opposition have handled things and the uncertainty caused. The whole deal has been written by the EU, with the help of Olly Robins. I don't even blame Robins, I blame May for instigating it and undermining Brexit Ministers. I don't know anyone here who doesn't want to trade with Europe or anyone in Europe who don't want to trade with us, so surely an agreement on that must be relatively simple.

What I and I believe most Brexiters want is to remove the political ties with the EU and be governed by Westminster. As tippy4 says above, we need to reclaim those areas that our so called "democratic" MPs have freely given away without ever asking permission, specially regarding the Maastricht and Lisbon treaties. As I said earlier, the majority of Remain voters have no idea of what more they will lose when Lisbon comes fully into force after 2022. Not one of the Remain MPs in Parliament have explained this to the electorate so they can decide. They just constantly let them believe everything stays the same as now, which we both know it doesn't.

Anyway, let's hope it's resolved quickly and much as I despise Mays deal, at least it gets us out and with a proper Leave PM in place an opportunity to negotiate beneficial terms for the UK going forward. As for SLA, things now seem to be turning our way and with the good news today, let's hope things can only get better on both fronts?

[dr biotech] 19/3/2019 08:06

Some much needed good news. I'm also in Lloyds, and would rather not see both my co's waste a lot on a legal fight. Lets hope they can solve it amicably





Edmund - you should have bothered to click on the link. If you has you would have noticed it was the Irish independent (its disappointing you just wrote it off, none so blind as will not see). I do actually read the telegraph, but I stopped subscribing as it has become rabidly probrexit. I now subscribe to the Guardian (yes I am aware its probrexit) - I think (outside brexit) their standards of journalism are higher and it doesn't have owners to kowtow too.

Warranty. What would in your eyes count as significant? Search Google for Brexodus if you want more information on jobs/assets leaving the UK. I can't spoon feed you. My company has exported 4 jobs. Yes I know not huge, not new but there will be many more like that. Your arguments are also against the idea of brexit. Do you want free trade? It seems you don't as you don't like the deal with Japan. If you were to follow the "economists for brexit" and Minford in particular, they admit that brexit will cause the collapse of our manufacturing industry. They think that is a price worth paying.

[chinese investor] 19/3/2019 08:02

Good Start !

[ygor705] 19/3/2019 07:35

First bit of good news in ages! Should steady the helm.

[chinese investor] 19/3/2019 07:28

It certainly will !

[hydrogen economy] 19/3/2019 07:23

Back on dry land, this should help SLA



Standard Life Aberdeen plc

Successful outcome to arbitration



Standard Life Aberdeen plc ("Standard Life Aberdeen" or "the Company") announces that the arbitral tribunal established in respect of the dispute between the Company and Lloyds Banking Group / Scottish Widows ("LBG") has ruled in favour of the Company. In particular, the arbitral tribunal has ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate the investment management agreements in respect of assets managed by members of the Standard Life Aberdeen group.

The Company is carefully considering the terms of the decision and appropriate next steps. In the meantime, the Company will continue to manage the assets in the best interests of LBG's customers.

As at 31 December 2018, the value of the assets under management in respect of these arrangements was c£100bn, and no material amount of assets has since been withdrawn.

Keith Skeoch, the Chief Executive of Standard Life Aberdeen, said: "Now that the arbitration panel has ruled in our favour, we will carefully consider our next steps, working constructively with LBG to bring the matter to resolution."



19 March 2019

[lippy4] 19/3/2019 06:35

essentialinvestor I think you would find that a lot of this is due to uncertainty with our differing government as companies think they are doing the hokey poky.

are we in or are we out,without a strong leadership which we are lacking we are like a ship without a rudder.i think once we know we are out companies can then plan and you will see a difference in investment.

as already pointed out by the previous poster every move by a bank or company is being blamed on brexit which I think is scare mongereing which our press who are nearly all remainers love to exploit.

the most terrible thing to come out of this vote is the amount of power given to the eu which our politicians have gladly given over the years without consulting us and now its a mammoth job to withdraw from the eu.

really speaking as it stands we don't need the hoc as the eu has taken over our total goverance,unless we leave.

[essentialinvestor] 19/3/2019 00:26

Better to stick with facts than subjectivity.

In the last 12 months UK inward investment has collapsed and the UK claimant
count has been increasing continually for over a year.

The idea there has not already been a significant economic cost is the logic of
Alice in Wonderland, it's both risible delusion and economic illiteracy.

[fenners66] 18/3/2019 21:03

May - a track record of failure.

I heard her announce to the House that Abu Hamsa (?) was to be deported that day, she came back the next day to say he wasn't.

She supported the losing side of the Brexit Ref.
She was supposed to fight an election to increase the majority.
She trumpeted Grammar schools and the party has ignored her.
She failed the negotiations
Therefore she has failed the country.

[eeza] 18/3/2019 20:04

A Remainer should never have been tasked with enacting the Referendum result. Doomed to failure from the outset.

[edmundshaw] 18/3/2019 19:51

Dr B you quote from the Times and the Guardian (I shall not even look at anything written in the so-called Independent, it's as much trash as the Express these days). Those papers are owned or edited (or both) by Remainers. And it's obvious.

Try looking at the Telegraph or BrexitCentral website, you will have your eyes opened to the other side of the argument.

May's deal is worse than staying in the EU. Exiting on the terms offered by Tusk last year would not have meant any tarriffs at all on goods, and after sensible negotiation given us largely what we wanted. May's deal is some kind of nightmare that many think was written in Berlin:
independencedaily.co.uk/a-german-brexit-a-scandal-of-subversive-statecraft/

This is how bad May's deal is according to Martin Howe QC, Chairman of Lawyers for Britain:
brexitcentral.com/theresa-mays-deal-remains-fake-brexit-alternatives-far-less-damaging/

And this was Tusk's initial offer:

[mcunliffe1] 18/3/2019 13:19

rathlindri, you sound like one of the unelected EU commissioners telling us what to do (or not to do) :-) Guess it's a slow news day for SLA.

[rathlindri] 18/3/2019 12:09

Perhaps this BB isn't the place to discuss brexit?? There is plenty enough of that on television and the other media outlets. Let's just stick to SLA please??!

[dr biotech] 18/3/2019 11:21

We are doing pretty well at the moment as regards to employment aren't we? Whilst we are within the EU. As I have mentioned I am politically a leaver but economically a remainer.

Warranty asked for proof that jobs were being exported as he/she said it was " totally without fact". I provided some. Can also look at Panasonic/Sony and plenty of other distribution centres (including the company I work for). Makes a lot more sense to have a European centre outside the UK as there will be frictionless borders. Customers need products in 24 hrs not 48.

[essentialinvestor] 18/3/2019 11:11

Even most of the ERG have now accepted defeat.

Hard Brexit is a dead parrot.