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Looks as if the merger did little to help the SP. 8 months on and 15% down.
Started: happytrades, 3 Sep 2017 13:34
Last post: happytrades, 3 Sep 2017 13:34
thanks for that info mao3 I was unaware of the new ticker
We have been trading since merger on the 14th August. You need to update their ticker as it is now SLA.
Started: happytrades, 2 Sep 2017 09:31
Last post: happytrades, 2 Sep 2017 09:31
does anyone have an idea how long it will be before we are trading again
Would have expected to see an RNS. Strange.
Started: MAO3, 13 Aug 2017 21:55
Last post: MAO3, 13 Aug 2017 21:55
Merger completes tomorrow, if I'm not mistaken. Onwards and upwards (although, it could be negative in the short term).
Started: Tune1, 11 Aug 2017 17:54
Last post: Tune1, 11 Aug 2017 17:54
You share my sentiments entirely. Unless you are in the "business" of buying and selling and trying to second guess the market, this Share ticks all of my boxes because of the Dividends. To quote from my Wealth Manager's most recent Report, "The summer holiday season should serve as a reminder to investors of the value of doing nothing, since it is time in the market – not timing the market – which helps deliver the best returns. The less investors are tempted to chop and change their strategy in response to market noise, the fewer mistakes they are likely to make, and the greater their chances of compounded growth". Can't improve on that!
Bearing in mind we were in the 480s 2 years ago, in the 260s 1 year ago and 414 today I'm not sure what's hard to believe. Share prices move in mysterious ways, often defying rational thinking.
Bearing in mind we were in the 480s 2 years ago, in the 260s 1 year ago and 414 today I'm not sure what's hard to believe. Share prices move in mysterious ways, often defying rational thinking.
It's hard to believe we were in the 350's in April.
Interim Results due on Tuesday.
Started: grahamsturman, 5 Aug 2017 12:17
Last post: grahamsturman, 5 Aug 2017 12:17
anybody any thoughts on Tuesday outcome
.
Started: MAO3, 22 Jul 2017 15:36
Last post: MAO3, 22 Jul 2017 15:36
Yesterday I received my Share Purchase Statement from M&S registrars, Equiniti, confirming the purchase of additional shares under the DRIP Scheme, just 5 working days after dividend payment date and delivered to Ireland. SL registrars, Capita, on the other hand require close to a month to carry out the same process!! It makes no sense. Capita state that it is due to the amount of shares that need to be purchased and then allocated. With M&S's vast army of retail investors, I cannot imagine that Equiniti are purchasing any less, so a poor excuse and bad administration from Capita I feel. A new registrar is required by SL, hopefully Equiniti!
MA03, I think you are right. SL does seem fairly comfortable around this level. Day by Day, Penny by Penny, the Old Girl is nudging up. I'm not expecting any miracles over the coming weeks or months (famous last words!) but all invested here should be able to be assured that the BOD will always have Shareholders interests at heart.
Sorry...nosebleed.
Seems to be a bit happier being above £4 recently, usually gets a nose bleed and drops back again!
Last post: Gerry557, 20 Jun 2017 18:15
More people like the deal than the pay. Still pretty conclusive for both. Lloyds Aberdeen Scottish Life Widdows seems quite a mouthful I wonder if the apple will get eaten in small bites or in big chunks? LASLW ....... it needs a better name.
Started: Tune1, 20 Jun 2017 12:38
Last post: tricky1276, 20 Jun 2017 14:46
Tune1 i could not agree more I take no notice whatsoever of them except perhaps to take an opposite stance if all the sheep duly buy or sell as a result of a rating. What amazes me is how these guys hang on to their jobs and cope with the embarrassment , in most other industries they would be fired. ATB
Re comment posted by tricky1276. I always ignore these ratings. So called "Experts" have been proved wrong on so many occasions and in so many different spheres. My understanding, and I may be wrong, is that individuals, certainly in the AIM area, are often called "Rampers" or "De-Rampers". Again, always best to ignore them and use your own judgement.
Started: kenny100, 19 Jun 2017 23:49
Last post: kenny100, 19 Jun 2017 23:49
Aberdeen, Standard Life shareholders approve merger Pensions & Investments-2 hours ago Aberdeen and Standard Life shareholders approve merger Property Magazine International-2 hours ago
Started: Gerry557, 15 Mar 2017 06:39
Last post: tricky1276, 19 Jun 2017 20:03
I wonder what happens to the analysts that came up with all the broker downgrades around mid March ? resulting in a 10 % fall in the sp. Convinced these guys produce downgrades to order.
Going to top up a sip next week. For a worrying time this was actually in the blue what a relief back in the red . Seems a dreadful risk to wait for 300 , but here's hoping.
" Less than 300 would be a unbelievable " - tricky1276 Was unbelievable only last June but I believed in the divi that was paid!
Nice post gave us a laugh, and all as a result of an ununited Tory party. I never pay much attention to broker ratings , but it seems to me that the recent downgrades are to enable a strong div payer to be snaffled @ bargain basement prices. Cynical I know but that attitude has served me well. Less than 300 would be a unbelievable . A quick scan of the shortracker site confirms that there are no short positions open on SL. which is somewhat surprising considering all the apparent negative sentiment . Strikes me that the big boys have been plying a few gin & tonics with their chums at the broker ( downgrades ) department to enable them to go long. ATB
I wondered if Indy Ref 2 north of the wall was playing on the share price. More unknowns again in the fire add that to Brexit and a merger there is quite a bit of noise to be knocking SL. At least they have a spare boss so can put one on both side of any new boarders and cover all bases or do we need a third? 1. Ununited Kingdom. 2. Indy Scotland. 3. Europe. Maybe 2 and 3 might be covered together if SNP plans work out. Does this mean SL have been ahead of the curve all this time? One can only hope that any triggering, Braveheart cries or any mention of medium to hard Brexit allows more opportunities to reinvest any divis back into SL for a bigger yield whilst SL adapt and prosper to however it pans out. Would like below 300 meesen!
Started: MAO3, 19 Jun 2017 17:48
Last post: MAO3, 19 Jun 2017 17:48
Standard Life and Aberdeen Asset Management shareholders are due to vote on the firms’ proposed tie-up on Monday, in a deal which could pave the way for another merger with Scottish Widows. Standard Life announced a £3.8bn takeover deal for Aberdeen Asset Management, to create an £11bn fund manager, in March. On Monday, investors from both firms will vote on whether to approve the deal, which is slated to complete on 14 August. The prospectus for the deal made clear that the combined group would have discussions on its strategic partnership with Lloyds, which owns life assurer Scottish Widows. There is therefore City speculation that a tie-up is on the cards, and the Sunday Times has today reported that Standard Life-Scottish Widows merger talks will begin this week when the shareholder vote is out of the way. Lloyds has enjoyed a close relationship with Aberdeen in recent years. Aberdeen bought asset management business Scottish Widows Investment Partnership in 2013. Under the deal, the groups agreed a “long-term strategic asset management relationship whereby Aberdeen manages assets on behalf of” Lloyds. The banking group also took a 10 per cent stake in Aberdeen as part of the deal. In March, Lloyds voiced its support for the Standard Life-Aberdeen deal, saying it “welcomes the opportunity to explore ways to build a successful relationship with the combined” group. The bank also said it had agreed, for a period of six months, to delay making decisions on whether to terminate any arrangements with Aberdeen. In their deal prospectus, the groups said: “It is the intention that the combined group will explore ways in good faith to build a successful relationship with Lloyds for the benefit of their respective customers, businesses, shareholders and other stakeholders.” Standard Life and Lloyds Banking Group declined to comment. Aberdeen has been asked for comment.
Started: MAO3, 19 Jun 2017 17:48
Last post: MAO3, 19 Jun 2017 17:48
Standard Life and Aberdeen Asset Management shareholders are due to vote on the firms’ proposed tie-up on Monday, in a deal which could pave the way for another merger with Scottish Widows. Standard Life announced a £3.8bn takeover deal for Aberdeen Asset Management, to create an £11bn fund manager, in March. On Monday, investors from both firms will vote on whether to approve the deal, which is slated to complete on 14 August. The prospectus for the deal made clear that the combined group would have discussions on its strategic partnership with Lloyds, which owns life assurer Scottish Widows. There is therefore City speculation that a tie-up is on the cards, and the Sunday Times has today reported that Standard Life-Scottish Widows merger talks will begin this week when the shareholder vote is out of the way. Lloyds has enjoyed a close relationship with Aberdeen in recent years. Aberdeen bought asset management business Scottish Widows Investment Partnership in 2013. Under the deal, the groups agreed a “long-term strategic asset management relationship whereby Aberdeen manages assets on behalf of” Lloyds. The banking group also took a 10 per cent stake in Aberdeen as part of the deal. In March, Lloyds voiced its support for the Standard Life-Aberdeen deal, saying it “welcomes the opportunity to explore ways to build a successful relationship with the combined” group. The bank also said it had agreed, for a period of six months, to delay making decisions on whether to terminate any arrangements with Aberdeen. In their deal prospectus, the groups said: “It is the intention that the combined group will explore ways in good faith to build a successful relationship with Lloyds for the benefit of their respective customers, businesses, shareholders and other stakeholders.” Standard Life and Lloyds Banking Group declined to comment. Aberdeen has been asked for comment.
Started: MAO3, 19 Jun 2017 17:24
Last post: MAO3, 19 Jun 2017 17:24
in the active asset management industry will be determined by being big or boutique: you do not want to be stuck in the middle. 'We think the deal reflects Aberdeen and Standard Life choosing to be big.'
Shareholders today overwhelmingly backed an £11billion merger between Standard Life and Aberdeen Asset Management. More than 95 per cent of investors at Aberdeen and 98 per cent at Standard Life voted in favour of the deal during general meetings held on Monday. Standard Life shares were trading up 2 per cent at 397.05p while Aberdeen shares soared 4 per cent to 298.65p after the announcement. The enlarged company, to be called Standard Life Aberdeen, will be headed by Keith Skeoch and Aberdeen boss Martin Gilbert with a bumper 16-member board. The merger is targeting cost savings of £200million a year, with around 800 jobs expected to be lost over a three-year period from a global workforce of 9,000. It comes after reports that Standard Life will also start talks to merge with Scottish Widows, a subsidiary of Lloyds, after the Aberdeen merger goes through on 14 August. Standard Life declined to comment on this 'speculation' when contacted by This Is Money. Aberdeen also refused to comment. Gerry Grimstone, chairman of Standard Life, said the deal was 'one of the most significant events' in the history of the company. 'There are still some approvals to be granted before the merger can complete and I know the teams in both companies are working through these diligently,' he added. 'We are still on track for a completion date of 14 August and will keep our shareholders informed of developments.' Simon Troughton, chairman of Aberdeen Asset Management, said the result was a 'landmark' in the firm's history. He said: 'We are pleased with the overwhelming support Aberdeen shareholders have shown for the proposed merger. They recognise the strategic and financial rationale of the transaction which will create the UK's largest active asset manager and one of the top 25 globally. 'The two businesses' investment capabilities and distribution channels are highly complementary and by combining them we are well positioned to compete in an evolving global market environment. 'The strengths of the combined businesses in multi-asset and solutions, alternatives and active specialities, such as emerging markets, are strongly aligned to the needs of clients now and in the future. 'The new company will have a robust balance sheet and diverse revenue streams, by asset class and distribution channel. This will facilitate investment in the business to support long-term growth and shareholder returns. 'Today represents another landmark for Aberdeen, which started 34 years ago as a £70 million investment trust and grew to become a world-renowned asset manager managing billions of assets and employing thousands of people around the globe. 'This deal opens up significant opportunities across all facets of Aberdeen's business and is an important step towards realising the company's ambition of creating a world-class investment business with a truly global footprint.' David McCann, analyst at Numis Securities, said: 'Future success
Started: grahamsturman, 19 Jun 2017 17:18
Last post: grahamsturman, 19 Jun 2017 17:18
what should this bring to SL share price in the future good raise today
Started: MAO3, 19 Jun 2017 16:31
Last post: MAO3, 19 Jun 2017 16:31
LONDON, June 19 (Reuters) - The shareholders of Standard Life and Aberdeen Asset Management both gave their backing to a planned 11 billion pound ($14.04 billion) merger at company meetings held on Monday. A total of 95.8 percent of Aberdeen shareholders voted for the merger, as did 98.6 percent of Standard Life shareholders. The merger, announced in March, is due to complete in mid-August