Share Name Share Symbol Market Type Share ISIN Share Description
Std Life Aber LSE:SLA London Ordinary Share GB00BVFD7Q58 ORD 12 2/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.60p -2.49% 376.10p 376.10p 376.40p 404.35p 369.40p 392.00p 28,247,102 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 11,197.36

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Date Time Title Posts
24/2/201812:22Standard Life SLA340
15/12/201707:58Standard Life Thread Post AAM Merger10

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DateSubject
25/2/2018
08:20
Std Life Aber Daily Update: Std Life Aber is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SLA. The last closing price for Std Life Aber was 385.70p.
Std Life Aber has a 4 week average price of 350.15p and a 12 week average price of 350.15p.
The 1 year high share price is 448.70p while the 1 year low share price is currently 350.15p.
There are currently 2,977,229,231 shares in issue and the average daily traded volume is 10,894,865 shares. The market capitalisation of Std Life Aber is £11,197,359,137.79.
24/2/2018
10:41
chinese investor: In the end, 200 years of history was undone in just a few weeks. The recently-merged Standard Life Aberdeen’s £3.2bn sale of its insurance business to Phoenix, announced on Friday, marked the final act in a field where it has been a leading force since its predecessor company was created in 1825, and completes its two-decade long shift to asset management. The deal was code-named Project Marvel, with the parties involved calling themselves “Thor”, “Ice Man” and “Quicksilver.” But while the protagonists might have seen themselves as superheroes, outside observers were less complementary. “It signals a rather ignominious end to a once glorious UK life assurance company,” says Eamonn Flanagan, an analyst with Shore Capital. The insurance sale marks one of Gerry Grimstone’s final acts as chairman of SLA. He announced on Friday that he would depart by the end of next year. Sir Gerry was central to the Phoenix deal, just as he was to the merger of Standard Life and Aberdeen Asset Management last year which made an exit from insurance look inevitable. What was less inevitable was the choice of buyer. Lloyds was the early candidate. Talks before Christmas centred on the creation of a 60:40 partnership that would combine the Lloyds-owned Scottish Widows with Standard Life’s insurance business. Those talks fell apart shortly before Christmas with each side blaming the other for disagreements over the structure and control of the partnership. There were expensive consequences for SLA. Lloyds said last week that it would seek a new home for the £109bn of Scottish Widows assets that SLA manages, citing competition concerns. It could deprive SLA of up to a tenth of its profits, say analysts, and the asset manager’s shares fell 8 per cent on the news. Lloyds’ chief executive António Horta-Osório was said to be delighted. “He is not a man you want to cross,” says one person close to the talks. But SLA co-chief executive Martin Gilbert was upbeat last week despite the loss of the Scottish Widows assets. “I am laughing,” he said. “I am very confident about the future.” Mr Gilbert knew at the time that he still had cards to play. Lloyds was not the only candidate for the insurance book: an alternative was waiting in the wings, and talks were progressing nicely. SLA has had a close relationship with Phoenix, which specialises in buying up unwanted books of life insurance business, since 2014. It manages £46bn of assets for Phoenix. The idea that one day Phoenix would take on SLA’s life insurance business is not new. “There was chatter over several years,” said SLA’s other co-chief executive Keith Skeoch. But negotiations between the two only really picked up after Christmas, once the Lloyds talks had broken down. Then it was full steam ahead, with talks going on right up until the announcement of SLA’s full-year results at 7am on Friday. “This is ginormous for us,” said Clive Bannister, Phoenix’s chief executive. “It’s a game changer.” At a stroke, Phoenix’s assets will jump from £74bn to £240bn. It will be dealing with 10m customers rather than the previous 6m. “This is a monster deal for Phoenix and will properly test its integration abilities,” says Mr Flanagan at Shore. Mr Bannister said it will take two to four years to integrate the business, but that there is no need to rush it. Phoenix will pay just under £2bn in cash, part funded by a £950m rights issue, and it will give SLA a 19.9 per cent stake in the company and two seats on the board. There is also an asset management arrangement that will allow SLA to look after Phoenix’s money. SLA will be allowed to start selling down its Phoenix shares after a year, but insists it is in it for the long haul. The company, which was advised by JPMorgan Cazenove and Fenchurch Advisory Partners, has a lot to gain from staying close to its partner. The enlarged Phoenix will now generate more cash flow from its back books that can be used to fund more deals, and SLA will be in pole position to manage the assets that those deals produce. SLA even hopes that the sale of the insurance business could open the door for it to retain the £109bn of Scottish Widows assets. However, Scottish Widows is likely to argue that SLA is still a competitor. Phoenix, which was advised by Bank of America and HSBC, could find itself writing new business through SLA. Mr Gilbert said: “This is really good for the clients and people at [SLA]. Phoenix are a more natural business for Standard Life to partner with.” Despite those benefits, some analysts were sceptical about the deal. Some grumbled about the price. “The sale price is below our valuation for the business of £3.4bn,” says Colm Kelly at UBS. The share price reaction seemed to back up that view — SLA shares fell 2.5 per cent on Friday while Phoenix was up 7.3 per cent, despite the hefty rights issue. Another analyst who attended SLA’s presentation on Friday says: “There was very little love in the room. Even retiring chairman Gerry Grimstone slipped out halfway through the Q&A .̴1;. . could he be arrested for leaving the scene of an accident?” Copyright The Financial Times Limited
23/2/2018
16:30
spcecks: I agree share price all over the place don't know why.
22/2/2018
18:44
rampant_bull: Share price reacting to this towards the close:Insurer Phoenix is in talks to buy Standard Life Aberdeen's insurance business for 3 billion pounds ($4.2 billion) in a deal that could be announced as soon as Friday, according to a source with direct knowledge of the matter.Phoenix will finance the acquisition with a rights issue of about 1 billion pounds, the source said on Thursday.
20/2/2018
11:48
chinese investor: Bloomberg February 19 at 6:33 AM Lloyds Banking Group Plc and Standard Life Aberdeen Plc have fallen out after talks to merge their insurance businesses fell apart. But the two have left the door open to overcoming their differences and getting the deal back on track. News of the failed talks fills in some of the background to Lloyds’s announcement last week that it plans to pull 109 billion pounds ($153 billion) of insurance assets managed by SLA. That contract predated Standard Life’s merger with Aberdeen last year. The merger of the two fund managers created a “material̶1; competitor, which Lloyds said allowed it to annul the arrangement. In a statement, Lloyds said it would seek a different partner to manage the cash pile. But it also praised Aberdeen’s stewardship of the assets, and said it would “welcome their participation in the review if Standard Life Aberdeen is able to resolve the competition issue.” In other words, if the insurance dalliance can be put back on track, then that 109 billion pounds might not walk out of the door. The discussions faltered because Lloyds wanted majority control -- and presumably a bigger share of the profits -- while SLA was pushing for an equally-owned joint venture. Insurance contributed 822 million pounds of first-half 2017 revenue at Lloyds and 408 million pounds of pretax income, representing a bit less than 10 percent of both measures. The breakdown of the talks means Lloyds executives will be busy rewriting the slides for the strategy day the company is scheduled to host on Wednesday. A merger of its insurance unit with SLA, which the pair began to discuss in mid-2017, would have been the center-piece. SLA, meantime, reports its first post-merger results on Friday. Lloyds’s announcement last week that it was planning to withdraw its insurance assets wiped 7.5 percent off SLA’s share price that day, though it’s recouped some of those losses in the two most recent trading sessions. Investors, it seems, aren’t keen on seeing almost a fifth of SLA’s total assets under management disappear, even though the low margins on the mandate means the knock-on hit to SLA’s profit will only be about 5 percent. Lloyds, though, may struggle to find another manager willing to take on such a low-fee asset pool. “There’s still a possibility that we will manage the money,” SLA co-CEO Martin Gilbert told Bloomberg Television last week. If the pair can build an insurance merger on terms acceptable to both, that possibility may become a reality.
13/11/2017
09:48
underhill2: Could soon drop below 400p. Not sure why the share price is dropping every day. Brexit not helping. As this is a long term hold for me the falling share price in the short term does not affect my strategy of Holding here for the long term.
17/10/2017
14:53
underhill2: How does anyone know what the bottom is !. If we did we will all be millionaires. The bottom could be 350p. We just don't know. What is clear is that the market has not taken too well to the Merger. If it had the share price should now be around £5.
15/8/2017
11:11
speedsgh: Standard Life Aberdeen shares look cheap, says Numis - HTTP://citywire.co.uk/money/the-expert-view-aa-dixons-carphone-and-wpp/a1041761#i=4 Shares in the newly formed Standard Life Aberdeen (SLA) look relatively cheap, according to Numis. However, analyst David McCann expects the real catalysts for share price rises are unlikely to come through until next year. The analyst retained his ‘add’ recommendation and target price of 462p on the stock, after the merger between Standard Life and Aberdeen Asset Management completed. The stock was trading up 1.6%, or 6.8p, at 417p at the time of writing. McCann said asset management giant will be better positioned for industry challenges. ‘While we are positive on the medium to long term outlook for the group and regard the shares as relatively inexpensive, we see the next six to 12 months as a period of transition as the strategy develops - and structures, leadership and teams are aligned,’ he said. ‘We therefore maintain our “add” [recommendation], as we believe the main catalysts for share price appreciation will only start to come through in 2018 and beyond.’
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