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It may be a 50% drop in dividend but other shares I own it's a 100% drop !!
My opinion is that any company giving a dividend in this climate is one to keep.
Hopefully the worst is over and happier days are ahead.
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Gutted
20% drop???
Don't know what you're talking about
Results broadly in line with expectations it would seem!
Awful results -expecting a 20% fall in sp today. Outlook unspectacular and am wondering which UK companies are good at investment management?
Final Dividend halved to 7.3p
Gary
See the MAO3 thread message below.
That's very informative from the SLA website and far more educated than my 2p worth !
Tks for the response. I had accrued a 12 p as a provisional payout which concurs with your reasoned post. I had forgotten about the sale of the Indian biz windfall, and as there is no compensating sale in H2 , plus if AUM have continued a downward trend, then we would need some increased margin type news to bring the net to level where they can pay out a progressive div.
Gary,
This was taken from the H1 Results RNS 7/8/20. (see below my coments)
I would not be surprised for some cut back, as the business suffered a drop in AUM in H1, but maintained the divi thanks to sale of Indian business for approx £500m.
The current yield is around 7% which is probably not sustainable. Markets got a boost from Vaccine News in Q4 so hopefully SLA has invested well. We also have a new CEO as Skeoch retired after thos results. Share buybacks continued but I hate those as money down the grid IMO. Wish they would pay a one-off special divi like RIO or MRW if they have surplus cash. IMO, buybacks just say "Management does not know how to spend the money we have left over !" .
Cheers - CSDI
The Board is committed to delivering a dividend that is sustainable over the medium term. At this point in time, our operating performance together with the strength and quality of our balance sheet have enabled the Board to maintain our interim dividend at 7.3p. We also plan to complete the existing £400m share buyback programme (which is 55% complete) during the second half of the year.
https://www.standardlifeaberdeen.com/en/investors/investor-information/analyst-coverage
I have not been following too closely posts, press with regards divi prospects fro next Tuesday .
Last 2 x years have yielded 7.30 Interim and 14.30 final. Does 14.30 or thereabouts appear to be the consensus ?
Up 30p since my last post....................... :+)
Standard Life Aberdeen is set to sell its flagship brand to Phoenix Group, a significant revamp of one of the City’s biggest asset managers.
The fund manager’s new chief executive Stephen Bird, who joined last year, is on the brink of agreeing a deal to sell the Standard Life name, according to Sky News.
The deal, which will reportedly be announced in the next few days, would represent a restructuring of the group’s existing relationship.
It is reported the deal will set to extend the terms of a partnership reached in 2018 and the name change is not set to take place immediately.
Would an equity group take over not unlock the value of the various component parts by flogging off either separately or as a whole and pocket the difference for themselves
These guys have no interest in running a business except the business of picking off undervalued assets at minimum cost to maximise their profits
Only speculating here but think sooner otmr later Std will appear eon their radar - hope they're made pay full value
Thanks for the chat !!
No worries. I dont think SLA will be a takeover target as its to big a firm and in all honesty, its probably undervalued (but the Board needs to be smart to unlock the value as the individual parts are a lot more valuable). I remember the previous CEO said that if you look at the individual components, the market isn't adding any value for the core asset management business. So any takeover would need to be at a premium.
One point of note is that SLA has been acquiring recently - e.g they took a chunky stake in Tritax who are known for the BigBox Reit.
I'm not to versed in RSA - but some of the recent recovery here is to do with the undervalued aspect. Plus there's a new ceo here who should give the business the kick it needs. I'm personally hopeful for a about 4.50 share price. Anyway, decent dividend here :)
Thank you for that clarification
Share price had flattened until recent recovery - just thought with so much liquidity in the financial system could Standard ever go the way of Rsa -whilst acknowledging they operate and offer a completely different model than the other
Would be a safe home for would be investors - with a sound book of business and a company with a world wide reputation of quality
Anyway - know its probably unlikely
Tks again
Phoenix doesn't own SLA - SLA has ownership of a block of Phoenix shares (I think it;s at 25%). The Standard Life brand is owned by SLA and is used by Phoenix under license from SLA. Anyway, do you mean SLA is a takeover target? I wouldn't think it is.
Re. value - you need to remember that SLA and Phoenix are two separate businesses in different sectors: SLA is an asset management business whilst Phoenix is an insurance business. You can't compare the two directly.
De facto - meant
Am I rite in thinking that since Phoenix is the game facto owner of Standard that their permission-consent is needed for prospective deal if any
Therefore would phoenix be a more rewarding vehicle for investors - from dividend and for share appreciation point of view
p.s. by reference to new CEO - I was meaning, Stephen probably has a different view to what he wants to achieve.
Depends on a lot of factors, in all honesty.
One thing you need to remember, however, is that the Share buy-back was announced by the previous Chief Executive. Buy backs are good if there isn't a future release of shares - if there is, then this just seems like an artificial way of increasing per-share metrics. I would have, however, preferred that the Share Buy-back was completed quicker, at the earlier share price. Lots of talk that "SLA is undervalued..." so should have taken advantage of this. At 3+ a share, i'd argue it's near fair value/ at the overpriced level...
not bad mate you could worst ,lol
bad!!! They've been buying their own shares back for a while now - Millions some weeks - But until recently the share price just goes backwards.
In theory it should be good for div security and div growth but not yet