Standard Life Aberdeen Share Discussion Threads

[spud] 13/8/2019 16:27

Agreed - All but one of mine (INL)

spud

[spcecks] 13/8/2019 14:07

I also think it doesn't matter what shares you have in your portfolio as there mostly all down in this market.
.

[spcecks] 13/8/2019 14:01

I agree spud there is no way sla would go out of business.

[spud] 13/8/2019 12:30

MC

'I've started to consider the awful prospect of SLA going out of business.'

There is no way this would happen imo. The price would get to such a level that the Company would be absorbed.

spud

[ramellous] 13/8/2019 12:17

Sla is still involved with life assurance with their 20% stake in Phoenix group who have the Sun Life brand as one of their subsidiaries. Phoenix share price is holding up well and paying around 6% dividends. So £60 million to sla annually..

[mcunliffe1] 13/8/2019 11:58

Just recently I sold all my holdings in Property. I feel some funds may be in "lock-down" soon and I wanted out.

I have a pension pot invested with SLA - some of it comes with guarantees until I'm 75 - 13 years hence.

About two thirds of the pot does NOT carry such a guarantee and hence can be moved quite freely without loss.

I've started to consider the awful prospect of SLA going out of business. What would happen to my pension under such circumstances? Is any part of it government guaranteed?

This may be an overly pessimistic view but it's based upon the fact that management seem little able to stem the share price fall and the SLA is now competing with much lower cost (and perhaps more efficient) investment platforms. When they were a life assurer they were usually at the top of the league so to speak - that's NOT the case anymore in their new world of investment.

Worrying times.

[spcecks] 13/8/2019 11:34

I also believe they will still pay the dividend as has been honoured in the transformation period and brexit turmoil.....also holding a bit of cash for opportunities in this market.

[tornado12] 13/8/2019 11:03

We know the risks with SLA over last years and as long as I believe they will at least continue to pay the divi current rate during the transformation and current market then I’m in for medium term. However not currently investing new cash as I see other opportunities to add to my portfolio during next 12 months

[spud] 13/8/2019 10:09

Good. I'll average down before it's taken out then! :-))spud

[fionascott1234] 13/8/2019 09:54

The question asked in this house was how low can this go?The answer is EXTREMELY!

[ramellous] 13/8/2019 09:13

No RNS here but this from Jupiter yesterday.

Jupiter Fund Management PLC

12 August 2019

Jupiter Fund Management plc (the "Company")

12 August 2019

Director Declaration

In accordance with Listing Rule 9.6.14(2), the Company announces that Liz Airey, the Chairman of Jupiter, has been appointed as a Non-Executive Director of Standard Life UK Smaller Companies Trust plc with effect from 21 August 2019.

[wllmherk] 10/8/2019 08:35

I bought for income too and the yield on my shares is 6.7%. However, as the yield rises as the share price falls a cut becomes more likely I've seen it many times. I hold VOD too and topped up there after the recent dividend cut reducing my average and maintaining a decent yield at 4.9%. I'm not so sure I would top up here at the moment, the chart suggests to me these will continue to fall in the coming weeks and I think we will revisit the lows of earlier this year, sub 230p. Poor sentiment towards SLA and political/economic worries are a toxic combo, unfortunately, I'm in too deep at too high a price to sell up now.

wllm

[spcecks] 09/8/2019 15:12

The dividend cover is 1.1 so I think it's safe for this year and next.

[scrwal] 09/8/2019 13:11

At the start of last week I was almost back to breakeven - wasn't too concerned when the markets dropped but am worried about the price drop following the results.
The dividend cover is very poor.
The drop in Fee based revenue to me is concerning given that it was due to the "mix effect" - it wasn't clear to me if this was a one off event or part of a longer term trend which would adversely affect future earnings.There was no comment made as to whether the outflows from higher margin products was declining.

Is the dividend safe - as a VOD holder I would say not. With a falling price creating an unrealistic yield the market may start to expect a cut. A good run company should generate sufficient funds yearly to pay dividends and build a buffer for some lean years - this hasn't happened and when you are transforming a company surplus cash should be spent on that not on dividends.

Given the cash blown on the B scheme and buy backs the cover is actually putrid and should be better.

[mcunliffe1] 09/8/2019 13:11

If you wise chaps (remellous and spcecks) agree NOW is a good (I'd prefer better) time to buy-back why, oh why didn't SLA modify their buy-back daily volume with the rise and fall in the S.P. during the spring and early summer?

I suspect, like most of the business, the decision was made to use £x million in buy-back and that task was given to some tame broker.

The two head honchos (now only one) could then pee off to the golf course and not be troubled with the minutiae of management. Same will happen with this next tranche.

[spcecks] 09/8/2019 11:50

I would also say it's a great time for buybacks....my yeild is also around 6% so happy to hold also for income.

[ramellous] 09/8/2019 11:14

I’ve read all your opinions about the buybacks but it’s happening regardless, so.. If sla are gonna start up buying back £200 million worth soon, isn’t this downturn advantageous at this time. My yield on cost is about 6% so keeping for income regardless of share price today.

[fionascott1234] 09/8/2019 11:12

No need to apologise McC since our new FD, (you know, the one who's costing millions) will save us.

[mcunliffe1] 09/8/2019 00:06

spcecks,

they had even more cash a year ago. Didn't benefit us much over that year did it?

I've banged-on about this before so apologies if I'm boring you, but...... now the SLA is accepted as an investment company and no longer a life assurer why the hell can't they find a safe and profitable place to invest that cash until it's needed?

They expect us mere mortals to trust them with our money. Show us the light oh wise ones

:-)

[spcecks] 08/8/2019 23:42

It's also a core holding for me at an average price of 352p....I also rely on the dividend for income .regarding the sustainability of the dividend I think they have plenty of cash and the dividend is safe this year and next.

[wllmherk] 08/8/2019 16:46

I'm more interested in where the share price is heading in the next few years as these are a core holding for me primarily for income. I thought the results weren't too bad but, experience tells me one never knows how the market will react. I'm a bit concerned as to the sustainability of the dividend, there was a line in the results which suggested a future dividend cut is a possibility or at least gave the board wiggle room to cut the dividend. As my average is 336p the current yield on my shares is around 6.7%, I am happy with that, a 50% cut would mean a yield for me of less than 3.5% that would be a major disappointment. Would be interested in the thoughts of others regarding the dividend,

wllm

[mcunliffe1] 08/8/2019 16:15

Shy Tott.
You've cracked it!

You said: "you are effectively saying if i buy shares at £1.00,"

We DID buy the shares - by paying into With Profit policies and the reward was higher bonuses - a form of dividend payable to the OWNERS of the company.

Whilst we may have not paid any money to the Standard Life we DID relinquish our share of ownership. Now those shares are less than the value at demutualisation we have indeed lost money.

You seem fixated on the fact we didn't actually pay any money for the shares at de-mut.

Ever heard of a takeover where there's no money changes hands - just shares? Same principle.

[shy tott] 08/8/2019 13:34

Ok, i'll give up after this point. I just don't understand why people want to spin things from what they actually are. But if you are effectively saying if i buy shares at £1.00, they rise to £20, and i sell them later at £2, then I've made an £18 loss, then i, and the inland revenue when you fill in your tax return, would have to disagree.

[mcunliffe1] 08/8/2019 13:24

Shy Tott,
Technically I was given a share certificate in recompense for my share of the company. It was an exchange not a gift and hence there was a CLEAR value associated with those shares.

Now, if you accept that I could have sold those shares on day one (but didnt) it follows that any reduction in the share price is clearly a loss and any increase in the share results in a profit.

We could do with you in HMRC and we might all pay less tax when our “free” shares finally rise.

[shy tott] 08/8/2019 13:09

Care to comment/answer the first para Fiona?

Instead of posting even more irrelevant incorrect and now facetious nonsense?