Member Info for Wiggers

If the share buyback is simply to offset those additional shares issued as part of the employee share scheme, then I can see no benefit to shareholders as the number of shares issued will remain the same.

Abrdn....how is this even pronouncable. Give it the bird.

I've held SLA since it came the market many years ago. Although I don't see the merger as the best move I am reluctant to sell as the dividend has up until now made holding a reasonable thing to do. But will the dividend hold up.. I don't know the answer. I also hold LGEN and I see that as a better long term hold now than SLA and am really swithering as to selling SLA and going all in with LGEN. Not much help but as the saying goes DYOR.

Share price helped this morning as the arbitration panel has ruled in favour of SLA with regard to the Lloyds/Scottish Widows assets under management. As a shareholder in both my loyalties are divided but SLA could do with a bit of an uptick.

Should be in account now from Halifax. I have mine on auto re-invest so it will be later this week now before that occurs.
The ups and downs of investing.

Never mind there is christmas cake to eat but being vegetarian no turkey. bah humbug.

Standard Life Aberdeen was the worst performer on the index as RBC Capital Markets cut the stock to 'sector perform' from 'outperform' and slashed the price target to 260p from 350p.
"The dividend is less secure now that SLA has turned its back on its insurance roots. The cash generation of the business is now leveraged to prevailing market conditions," it said.

What do brokers know...hah.

Phoned Halifax and they state the return of capital will go into accounts sometime this week. I like specifics. Hey ho just have to be patient. Odd though that dividends can be available the very next day but this seems to cause more off an issue.

https://gaiersoftware.com/About

Dan's software links with MSN Money. if your shares/ funds are a bit obscure then it may take a bit of work to find them listed but they are probably there somewhere. It took me a bit of effort and re reading Dan's instructions but they are very well written and as I said the scripts work without error on both Money and Excel.

Rod

Having been a long term holder of SL/ now SLA shares I've seen a few ups and downs. The last consolidation was 9 for 11 and shortly afterwards the shares were hitting almost £5. I don't think we will see that for a while but I have no intention of selling.

On a different note a while ago I came across Dan Gaier an ex Microsoft employee who has written scripts for Microsoft Money...if you use it you will recall that shares would update automatically but Microsoft switched this off some years ago. Dans software, for a one off very small fee, works like a treat and he has also written an add in for Excel, which if you use a spreadsheet to keep track of your shares, you would find this very useful. This add in is free. I have no connection with Dan at all but recommend his software. Easily found on the web.

Ok thanks. I see the point you are making now.

Rod

Just interested to know how the share price already has the return of capital built in. In 2015(previous consolidation and return of capital the share price rose). Agree with your comments though about lack of support for the merger..so far..time will tell. There doesn't appear to be anything positive from the market re the share buyback and who knows what effect the share consolidation will have. It will certainly be depressing if I and everyone else has a diluted holding and the share price continues to fall. Re-invest the capital return in SLA is an option I suppose to maintain status quo, or at least try to.

Considering the drop in the share price since the merger perhaps just forget about the return of capital and share consolidation. Or give us the money and forget the consolidation. Last time around it was 9 for 11. I did vote for the return of capital, so should have known better..I never learn.

The Company confirms that regulatory approval has been received to return £1.0 billion to shareholders by way of a B share scheme accompanied by a share capital consolidation. The Record Time for the B share scheme will be 5pm on 19 October 2018. Shareholders will receive a minimum of 33.4p per share.

The Company expects to announce the share capital consolidation ratio and the finalised return in pence per share on or before 15 October 2018. Shareholders should receive the associated payments and, where relevant, new share certificates, from 2 November 2018.

I had the temerity to query the delay in DRIP allocation with capita some time ago and got a curt reply that the allocation was carried out manually. Surely not but that was the excuse offered. If LINK is the same then it isn't worth staying with them. I have other stuff with Halifax and it is always dealt with within two days.

I think I'm missing something. Just had a re read of this RNS. Confused I am. P

The Company announces that it will commence an initial share repurchase programme of the Company's ordinary shares up to a maximum consideration of £175m (the "Programme").

On 08 August 2018, the Company entered into a non-discretionary instruction with Merrill Lynch International ("Merrill Lynch") in relation to the purchase by Merrill Lynch, acting as principal, of ordinary shares in the Company's share capital (the "Shares") for an aggregate consideration of no greater than £175m. The purchase of Shares will take place during the period commencing on 09 August 2018 and ending no later than 21 November 2018.

Any purchase of Shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with the Listing Rules and the Company's authority to make market purchases of Shares. The Company will announce any market repurchase of Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. The purpose of the Programme is to reduce the share capital of the Company. All Shares purchased will be cancelled.

Apologies I just read the read the RNS for yesterday.

I wish. Share buyback is £175M.

Whilst the share buyback is welcome I suppose, will it have much effect on the share price especially with a consolidation looming in the 3rd qtr. If my calcs are correct the share buyback will equate to roughly 1.8% of the total shares in issue. Better than nowt but I'll not be holding my breath in anticipation of any great movement in the share price.

Comment in Sharecast that Deutsche bank now hold more than 5% of the voting rights in Sainsbury's. This was the cause of the increase in share price yesterday, apparently.

Whilst the special divi may perhaps be welcome it perhaps masks the fact that if agreed upon then SL will have a share consolidation whereby any holding will reduced in number.Re-invest seems to be the name of the game.

The Divi will probalby appear tommorow. I usually find it is a day after the Divvi date that it appears in my trading account.