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May well jump back in post divi but hands firmly sat on atmosphere.
You were saying?
Halting funds does not look good.
wow and you have to be very quick
Standard Life Aberdeen PLC
SLA
195.85 GBX
+11.50 (6.24%)
should be a better day here today
Euro Stoxx 50 futures were down 4.6% at levels last
seen in 2012, and falling for the ninth time in 10 days.
German DAX futures tumbled 4.5%, while French CAC
futures and London's FTSE 100 futures were off
4.5% and 4.6%, respectively.
Price check..................
:+)
thankfully has moved back up some from the drop with share price earlier this morning
hoping still be a dividend paid this year ,if had thought share price would have seen such a dip would have sold
or if had seen this earlier would have sold
https://www.youtube.com/watch?v=RJGBVDlqWjI
The history of this company in particular does not lead one to believe buy backs are of any real value.
When the SP as it will gets past £3 I will be taking my leave. Management here has not been great IMHO.
I reject your implied criticism ... I'm very well versed in the arguments in favour of buybacks, its a debate I've held many times over the years, and I still continue to hold the views that I do. My judgement is that I'd rather have the certainty of an income distribution which I can bank, invest or spend as I see fit as opposed to a manipulated share price which may or may not provide some capital gain at some point in the future or may not as the case may turn to be.
Think you need to do some research on the reasons behind the current Share Buyback.
SLA increased it's buy back rate recently as the SP fell ... at least that seems sensible in terms of traditional investment thinking ... but don't hold your breath. Assuming they don't run out of money, which of course they would, it would take about 5 years at the present rate to repurchase the whole company ... and use £5-6 billion of cash! At the previous rate it would take between 10-15 years.
And of course, even then, you wouldn't own the company outright, as I and others would be holding onto our 'golden' shares!
I'm on record and still say, buy backs are not a good idea for us small investors ... they are a sign of a inward looking and self-serving board ... at least here in SLA they are maintaining the dividend rather than sacrificing it on the altar of self gain, but in reality of course they could be increasing the dividend, guaranteeing it for future years, or even, as they should be issuing a return of capital via a special dividend.
Looks like another good day for SLA .
How long at the present of rate of SLA buying back and removing shares before I own the company outright? lol
After yesterday's report I'm happy at the bounce back, even if only brief.
UPDATE 1-Standard Life Aberdeen profit down 10%, eyes 'turbulent' 2020
Tue, 10th Mar 2020 07:54Thomson Reuters
* Fee-based revenue down 13% to 1.63 bln stg
* Adjusted pretax profit 584 mln stg from 650 mln stg
* Ups expected synergies to annual 400 mln stg
(Adds detail from statement, background, CEO quote, bullet
points)
By Simon Jessop
LONDON, March 10 (Reuters) - British asset manager Standard
Life Aberdeen said full-year profits fell 10% after
revenues were hit by outflows and warned of a "turbulent" market
outlook given market flux sparked by the coronavirus.
Global markets have slid sharply over the last week,
spooking investors and raising concerns of recession, although
markets bounced in Asia on Tuesday amid hopes of concerted
stimulus efforts from policymakers.
"The outlook for the markets and our industry in 2020 is
turbulent with the additional complexity of COVID-19," Chief
Executive Keith Skeoch said in a statement.
"Given the inherent uncertainties, it is not practicable at
this time to determine the impact of COVID-19 on the Group or to
provide a quantitative estimate of this impact."
Despite improved flows in the second half of 2019, fee based
revenue fell 13% to 1.63 billion pounds ($2.12 billion) amid
outflows of 17.4 billion pounds, largely from its equities and
multi-asset products. Outflows in 2018 were 40.9 billion pounds.
As a result, pretax profit, adjusted for restructuring costs
and impairments, fell to 584 million pounds from 650 million, it
said in a statement.
This share could have a double whammy tomorrow down as the FTSE drops again plus the yearly results which will probably not that good maybe another 10% I hope I’m wrong
Agree with you Volcano, although not sure which way it may bounce after the results tomorrow. As one of my Fridge Magnets advises: "Keep Calm And Have A Beer"
The share price is what it was last august so it is not that bad ,tomorrow are the results ,it could bounce a little from here.
S&P 500 3,055.88 2,997.00 3,061.25 2,976.88 +58.88 +1.96% 10:48:27
Dow 30 26,434.0 25,880.0 26,473.0 25,704.5 +554.0 +2.14%
USA Futures
Markets seem to have pretty much ignored an earlier statement by G7 finance leaders and central banks that they are "ready to take action" over coronavirus.
Neil Wilson, chief market analyst at Markets.com says "it's a little underwhelming for the markets."
"The door was wide open for the G7 to be a let-down as the market was longing for too much, and so it's transpired," he says.
"The market has been buoyed by hopes of coordinated action from the leading nations, but we have no real coordination and no real action."
The FTSE 100 was about 1.57% higher at 6759.07 points.
Global growth plunging into downturn over coronavirus, OECD says
Mon, 2nd Mar 2020 10:00Thomson Reuters
By Leigh Thomas
PARIS, March 2 (Reuters) - The coronavirus outbreak is
plunging the world economy into its worst downturn since the
global financial crisis, the Organisation for Economic
Cooperation and Development warned on Monday, urging governments
and central banks to fight back to avoid an even steeper slump.
Good to see we're taking advantage of the low SP and have pretty much doubled the rate of buybacks these last three days!
that was easy money thank you SLA
And another 618,000 plus shares bite the dust.