Standard Life Aberdeen Share Discussion Threads

[fionascott1234] 08/8/2019 12:34

Well if its so obvious why don't you not see it?

[spud] 08/8/2019 10:55

Agreed. Share buybacks are sh1te. Flatters the eps and rewards Management with achievement bonuses.

Most 100 companies are at it!

spud

[fionascott1234] 08/8/2019 09:54

Take out the dividends and you have a straightforward loss on your original investment.

[chinese investor] 08/8/2019 09:50

Number Of Shares Around 2 billion.
Cost of Interim Dividend £144 million.

Cannot Be Sustained !

[chinese investor] 08/8/2019 09:24

Six Months Ending June 2019

Gross Inflows £36.5 billion
Redemptions £52.4 billion

Mr McCawber would not be happy !

[shy tott] 08/8/2019 08:53

Fiona, how can people who paid nothing for their shares and received large Divi payments for decades be sitting on a loss?

[fionascott1234] 07/8/2019 19:24

Make no mistake the share buy-back has been an unadulterated disaster starting with a purchase price of around £3.20. It is no use saying that SLA still has a cash pile and are keeping their powder dry but that pile is half of what it could have been. Remember that burned cash was OUR burned cash and should have been put directly into our pockets. The policy by management however will result in rewards for them as always. Failure CAN be a method of rewarding especially if you are voting for it on your own behalf.The poster who is congratulating themselves on being in profit is in a contrarian position to those who have been in since day one - demutualisation. Such investors are in loss.

[chinese investor] 07/8/2019 17:35

HL :-

A strategic repositioning that culminated in the sale of the remaining life business to Phoenix means Standard Life Aberdeen is increasingly focused on asset management rather than insurance.

We can see the attractions of the switch.

Asset management is less capital intensive, and the combined group is less reliant on one or two investment areas than either of its predecessors.

That should make it less exposed to investment fashions.

The problem is investors' money is walking out the door.

The group lost 6.7% of total AUM to withdrawals in 2018, and there have been further outflows from the lucrative equity and multi-asset funds in the first half of this year too.

That's depressing margins at a time fees are under pressure from the rise in cheaper passive solutions.

Market volatility in the early part of the second half could yet compound the pain.

It's difficult to be roundly positive while these outflows continue, but fortunately, there are some reasons for optimism too.

The merger has gone reasonably well, and has so far delivered good cost savings.

While flagship funds struggle, the financial adviser platforms are gathering assets nicely.

Investment performance has been good across the wider group, and should the under-pressure multi-asset and equities divisions start beating benchmarks more regularly, outflows could reverse.

With £2.3bn coming in from the Phoenix deal, and capital previously restricted by regulatory requirements released, the group's got plenty of cash onside.

That's before considering around £380m from the sale of a small stake in Indian life insurer HDFC.

This cash could be used as dry powder to fund growth or acquisitions, but for now it looks like propping up the dividend despite the falling profits.

The group is targeting holding rather than growing the dividend, but the prospective yield of something like 7.7% will likely turn a few heads.

Remember of course, that there are no guarantees.

[chinese investor] 07/8/2019 17:05

BREAKING NEWS

Sir Douglas Jardine Flint buys a couple of shares !

[spud] 07/8/2019 16:39

Yes. I would expect some uplift in the price before then.

spud

[chinese investor] 07/8/2019 16:37

XD Date is Thursday 15 August 2019.

[chinese investor] 07/8/2019 16:13

20% to 311p !

[spud] 07/8/2019 15:58

Exhibit A : The Freudian slip.

spud

[chinese investor] 07/8/2019 15:49

LOL !

Chinese Investor (SLA) 05 Apr 2019 - 10:48:45
Looking at the long time graph, and taking in account the diminished business, the "natural" price would be around 300p.

[chinese investor] 07/8/2019 15:47

LOL !

Chinese Investor (SLA) 16 Jul '19 - 08:30
220p On The Horizon !

FionaScott1234 (SLA) 16 Jul '19 - 08:38
Pardon?

Chinese Investor (SLA) 16 Jul '19 - 08:40
Oh I meant 320p !

[spud] 07/8/2019 15:11

With almost £9k in dividends (inc Sept) I'm still nicely in profit on this pup!

spud

[fionascott1234] 07/8/2019 14:50

I've said it before and I'll say it again, SLA is a DOG !

[wilksey1] 07/8/2019 12:59

i am of the same opinion spud but its set aside for futher buy backs later in the quarter if it was to start sooner like today it might get this moving up

[spud] 07/8/2019 12:46

In my opinion, share buybacks don't work. All they do is flatter the eps and thus reward the Directors via bonuses.

spud

[wilksey1] 07/8/2019 12:10

they still have 200 million left in the kitty for share buy back today would be a good day to start.....

[chinese investor] 07/8/2019 10:52

At least the dividend is not indexed to earnings.

[spud] 07/8/2019 10:49

I'm in for the long term as well. The interim divi is worth 2.75% alone! I do however share Edmund's concern.

spud