Re: Standard Life in bed with Aberdeen A... AAM was always a one man band that played lots of popular music, but if the one man were to retire then what future on Queens Terrace? Sounds like he's going to draw his pension.
Re: Standard Life in bed with Aberdeen AM? More here:-[link] the deal, Aberdeen shareholders would receive 0.757 of a new Standard Life ordinary share for each Aberdeen ordinary share. Other terms of the proposed deal were still being discussed, they said"
Re: Standard Life in bed with Aberdeen AM? No doubt that this will be another deal where the shareholders get taken to the cleaners.
Re: Special dividends ? Akis,There was a large special dividend paid in 2015 or return of value to shareholder, combined with a share consolidation.Money from selling a part of the business in Canada if I remember correctly.Not sure if this answers your question.
Standard Life in bed with Aberdeen AM? From todays FT:"The two Scottish companies have been exploring a number of options including a full-merger in recent weeks, according to two people familiar with the matter, who warned that there was no guarantee a deal would be reached. The unexpected leak may end up derailing any potential talks and both companies are understood to be holding emergency meetings over the weekend to deal with the fallout."[link]
Re: Share value - interesting. I believe the market may have risen in that time aswell.
Share value - interesting. The value of my shares, which includes the years drip feed, is exactly the same as it was in March of last year.
Results FY look to be ahead of forecasts, EPS at 29.5p Vs 25-26.5p forecasts 13% up on 2015DPS 19.8p upper end of 19-20 range"Despite industry headwinds, we are benefiting from our strengthening global brand and strong long-term relationships with a well diversified range of clients and customers. The acquisition of Elevate has strengthened our leading position in the advised platform market while the increase in the stake in HDFC Life and the proposed combination with Max Life will increase our exposure to the attractive and fast growing Indian market. "I'm sure plenty of potential in the Indian market, but I can also imagine plenty which could go wrong. Hope they have got everything under tight control SP well up from the July lows, but this suggests more to come.H2
Getting ready to bail out If this gets neat 4 quid im offloading
UBS view From ADVFN"UBS downgraded Standard Life to 'sell' from 'neutral' and lowered its price target to 310p from 320p on expected earnings pressures from increased outflows from Standard Life Investments.The Swiss bank changed its rating on its expectation that earnings pressure will emerge in 2017 on SLI due to increased asset outflows from its flagship £42bn Global Absolute Return Strategies (GARS) fund, which is sold on its aim to provide positive investment returns in all market conditions over the medium to long term.The insurer's share performance is strongly linked to flows and performance of GARS but the fourth quarter of 2016 is estimated to see net outflows increase to around £3bn (including a large UK outflow) compared to the £1.5bn the the third quarter last year.According to UBS analysts GARS outflows are being particularly caused by structural trends that will be difficult to reverse at least in the near-term.This includes current performance below its benchmark, fund size constraining scope for longer-term investment outperformance, pension consultants putting the fund on 'watch' and risks to industry multi-asset flows which could fall toward 2013 levels potentially.The total forecasted multi-asset outflows are £3.9bn for the full year 2016 and £6bn over the full year 2017 resulting in earnings growth of 4%, which is half that of consensus. The bank expects good progress on costs but feels falling revenue will put pressure on ratios.UBS is however positive on asset growth of 8% per annum to 2018 for UK Life and that the company's 24.1% stake in merged HDFC Life and Max Life could be a source of upside over the medium term.The earnings per share estimates for 2017 fell by 9% to 27.28p."
S.L. New Website I have pension policies with the Std. Life and as I approach retirement I generally logon to their site to check how my pensions are progressing.They've changed the site.OK, I'm nearly 60 so can be classed as an "old fart". On the plus side however I've spent 40+ years developing very reliable computer software systems. I never saw the need to change something that worked - add new parts maybe - but leave the core intact.The new site requires me to use a calculator to add up the true value of my policies, looking at different sections to obtain terminal bonus and adjustment values. The section that shows my past contributions is grossly inaccurate. The comparison with my policy values on the new site compared to the old site (which remains for the moment, thankyou) varies slightly. This worries me for an investment company. Nice colours on the new site though and "twee" donut graphs (raw data false of course) so I guess they are trying to appeal to the younger market to seem to care more about presentation and graphics than about accuracy and detail.Hurry up retirement.
Re: Special dividends ? Akis1999I'm hoping it's gone into the Heritage With Profits Pension Fund - just in time for my policies maturing in May.
Re: Back in at 350 Anyone know why? SL was much higher when the FTSE was lower - and today financials are doing well apparently!
Back in at 350 Bit of a slump recently
Special dividends ? HelloI was looking at the accounts and there is a once-off huge profit written down which dwarves the normal profit for 2015. I cannot see SL paying any special dividends, so where is the money gone?Just wondering.