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Standard Life - Buy, Sell or Hold ? (SL.)
paul30661 - 29 Jul 2006 19:31
To get the thread rolling on this stock - of those people who had windfalls, or ahve invested in the stock at flotation or since - it would be interesting to know what your thoughts are.
For those that were and are eligible for the 5% discount this time next year (+ the dividends beforehand), are you planning to sell at this level or hold. Are others buying at this price?
My own money is that the 5% share top up next year together with a divi of perhaps 4% (on flotation price) makes these shares a hold - and if enough other shareholders feel the same it is likely that there will not be much stock for others to purchase and the price will hopefully rise further. But what are the thoughts of others?
For those that were and are eligible for the 5% discount this time next year (+ the dividends beforehand), are you planning to sell at this level or hold. Are others buying at this price?
My own money is that the 5% share top up next year together with a divi of perhaps 4% (on flotation price) makes these shares a hold - and if enough other shareholders feel the same it is likely that there will not be much stock for others to purchase and the price will hopefully rise further. But what are the thoughts of others?
cynic
- 29 Jul 2006 20:40
- 2 of 157
i agree with you paul ...... there is also some chance of a t/o somewhere in the future, but meanwhile, they look a very good and solid hold
cynic
- 05 Sep 2006 12:46
- 3 of 157
and with a steady increment in sp, I see no reason at all to change my view
2517GEORGE
- 05 Sep 2006 17:10
- 4 of 157
Totally agree, I benefitted from the windfall but SL. is what I would be looking to invest in anyway, decent divi payer, steady business making profits and with the prospect of being taken over, I'm holding long term.
2517
2517
cynic
- 19 Oct 2006 14:16
- 5 of 157
Try this! ...... I am delighted I held my freebies and also bought extra
2517GEORGE
- 30 Oct 2006 10:24
- 6 of 157
I've not seen the article but the express touting that AXA may be looking to t/o.
2517
2517
cynic
- 30 Oct 2006 10:49
- 7 of 157
I think it was also in Telegraph this morning ...... Regardless, SL have performed very well indeed since the flotation, even using the full (non-discounted) 240p as the opening price ..... +20% since beginning of July (4 months) is more than acceptable.
2517GEORGE
- 30 Oct 2006 11:16
- 8 of 157
Yes it's been a good ride so far. Regarding the market in general, many of the so called experts are talking it up, and I read yesterday (This is money I think) that investors are piling in, this is making me wary.
2517
2517
StarFrog
- 30 Oct 2006 11:21
- 9 of 157
George, Cynic: The word is that AXA are looking to come in with a 7bn bid. Considering Standard Life is currently valued at 6bn, this equates to nearly a 17% premium. But what happens to those windfall shareholders who are entitled to a 5% bonus number of shares for holding there intial allocation and any preferrential shares that they bought in the IPO for a year? Surely, they will have to be treated differently?
2517GEORGE
- 30 Oct 2006 11:32
- 10 of 157
StarFrog-----I would say that AXA or whoever eventually takes over SL.(if it happens) would have to make allowances for the bonus shares and also 7bn or around 340p per share, would not be enough, imo of course.
2517
2517
2517GEORGE
- 30 Oct 2006 11:35
- 11 of 157
The sp reaction would indicate that the market is not getting too excited just yet.
2517
2517
StarFrog
- 30 Oct 2006 11:39
- 12 of 157
George (Or do you prefer you're numerical name?)- You're probably correct on the allowances issue - seems the fair thing to do. Just appears to me that this could be messy sorting out those who are entitled and those who aren't. But then again, thats what registrars are for ;-)
Hope you're right about a higher valuation, too.
I'll keep holding, anyway, and see what comes along.
Good luck
Hope you're right about a higher valuation, too.
I'll keep holding, anyway, and see what comes along.
Good luck
2517GEORGE
- 30 Oct 2006 11:47
- 13 of 157
StarFrog---makes no difference to me I'll answer to most things, I'm in as a value holder on these so I'll be holding for years to come, providing I still regard them as a value stock, and supposing they aren't t/o.
2517
2517
cynic
- 30 Oct 2006 12:19
- 14 of 157
I agree with you George ...... these shares make a very sound core portfolio holding ..... if the company gets taken over, so well and good
Dartmoor
- 01 Dec 2006 12:11
- 15 of 157
Cynic - I know your name from the VOG board - Hi. It seems most of us received the freebie allocation, bought extras where we could (and who wouldn't?) and want to hold for at least that first year - would it not take that long for any potential t/o in any event so surely the extra freebie shares promised should be issued anyway? Or am I missing something. Annette.
cynic
- 01 Dec 2006 12:17
- 16 of 157
don't think you have missed anything, but don't understand the point you are trying to make ...... unless ..... the extra freebies are a contractual obligation by SL so any predator would be obligated to take those into account when pitching his offer
StarFrog
- 01 Dec 2006 13:11
- 17 of 157
Cynic - I believe Dartmoor is refering to the bonus shares that will be issued free to those investors who retained for the first year their initial demutulisation allocation and any preferrential shares that they bought. The bonus shares will be issued on a 1 for 20 basis.
Dartmoor - [Edit: Just like cynic says] I (also) believe that any company taking over Standard Life will be contractually obliged to honour the bonus share scheme.
Dartmoor - [Edit: Just like cynic says] I (also) believe that any company taking over Standard Life will be contractually obliged to honour the bonus share scheme.
cynic
- 01 Dec 2006 13:19
- 18 of 157
starfrog ..... that is exactly what i wrote!!
StarFrog
- 01 Dec 2006 13:36
- 19 of 157
Sorry cynic, but I was picking up on your "don't understand the point you are trying to make" comment. I thought that you didn't understand Dartmoor's reference to the "freebies". Obviously, you do! LOL
2517GEORGE
- 02 Jan 2007 16:19
- 20 of 157
Nice upward movement -----------so far. (I have previous for opening my big mouth, and then seeing a reversal in the sp)
2517
2517
cynic
- 02 Jan 2007 16:54
- 21 of 157
shall continue to hold ...... for sure there will be a dip of an unknown magnitude when the bonus shares are issued etc and a lot of small holders jump out, but i rather feel that will be a time to top up ..... one may need to be pretty nimble (and lucky) to get the timing right
tudwick - 02 Jan 2007 17:04 - 22 of 157
does anyone know the date these will go ex-div ?
cynic
- 02 Jan 2007 17:11
- 23 of 157
on the basis that the interim results were 27/9/06, finals will presumably be about end March, so i would guess no more than 4 weeks thereafter to go XD ...... could not find previous XD date
fliper
- 03 Jan 2007 14:26
- 24 of 157
When do we get the free shares ? any dates
2517GEORGE
- 03 Jan 2007 15:54
- 25 of 157
fliper----as soon as practical after 10 July. tudwick not exactly but the dividend is expected to be paid in May, so ex-div would be around 1 month - 6 weeks prior to that.
2517
2517
fliper
- 03 Jan 2007 15:57
- 26 of 157
After the free shares we may see holders selling ,resulting in a small drop in the sp ?
2517GEORGE
- 03 Jan 2007 16:07
- 27 of 157
fliper----Quite possibly, but we're talking about bonus shares at the rate of 1 for 20, even if this ratio applied to the total of shares in issue, (and it doesn't) the fall in the sp after the bonus shares were issued would not be very big, yes many small investors may sell out then, but I think any fall would be short lived. As always this is imo.
2517
2517
fliper
- 03 Jan 2007 16:10
- 28 of 157
Yes , after the free ones are given out the sp may dip . This could be a good time to get some more .
paul30661 - 20 Apr 2007 12:21 - 29 of 157
Given the increase in price recently, (today just under 320) and the IMHO toppiness of the market generally, what is the view of others who bought at flotation regarding waiting for the bonus shares in July ?
Ie. do you think the shares will be 5% lower, (304p) by July, thus negating the bonus shares ? At the present price - buy, sell, hold ?
Ie. do you think the shares will be 5% lower, (304p) by July, thus negating the bonus shares ? At the present price - buy, sell, hold ?
cynic
- 20 Apr 2007 12:24
- 30 of 157
i hold and shall continue to do so ...... good long term stuff; solid, boring etc etc but has performed pretty well since flotation .... for sure there will be sellers of the bonus issue, but there is the (slight?) possibility that SL will ultimatley become a t/o target in due time
2517GEORGE
- 20 Apr 2007 12:35
- 31 of 157
This for me is the type of share which I will hold for the long term, I am quite happy to ride out the short term girations of the market, I believe this co will pay progressive dividends for the forseeable future, as the yield improves (and it's decent atm) so will the sp. There will from time to time be the inevitable link with being t/o, which will add to the attractions, one to buy and lock away, imo of course.
2517
2517
supermum
- 22 Apr 2007 13:20
- 32 of 157
just found this thread...
the real reason I went with SL was because it was a mutual!! I didn't want to have a company that had to please bloody shareholders..
I was with Australian Mutual for the same reason.. and look what a sham that has turned out to be - jumping through hoops with Prudential and now London Life. The admitted publically that the worst thing they ever did was to float, so why did SL follow? I had a windfall - I will hold mine.... for now.
SM
the real reason I went with SL was because it was a mutual!! I didn't want to have a company that had to please bloody shareholders..
I was with Australian Mutual for the same reason.. and look what a sham that has turned out to be - jumping through hoops with Prudential and now London Life. The admitted publically that the worst thing they ever did was to float, so why did SL follow? I had a windfall - I will hold mine.... for now.
SM
2517GEORGE
- 01 May 2007 12:55
- 33 of 157
Lively today.
2517
2517
fliper
- 01 May 2007 15:51
- 34 of 157
Hold , extra shares to come and a good divy .
Biker
- 07 May 2007 05:45
- 35 of 157
Well, here we are about 45% up from flotation.
That's a much better return than the dopey buggers could achieve by managing my pension, so I'm happy anough for the moment.
That's a much better return than the dopey buggers could achieve by managing my pension, so I'm happy anough for the moment.
supermum
- 07 May 2007 10:01
- 36 of 157
Biker... had to laugh at 'dopey buggers'!
I transferred ALL my pensions to Skandia nd manage them myself, online.
I have been doing this for a few years now and have moved all the SL stuff there too... my pension has done very well since then.
I source my information from trustnet
go into prices and performance and you can get just about all the info you need there.
SM
I transferred ALL my pensions to Skandia nd manage them myself, online.
I have been doing this for a few years now and have moved all the SL stuff there too... my pension has done very well since then.
I source my information from trustnet
go into prices and performance and you can get just about all the info you need there.
SM
Biker
- 07 May 2007 21:28
- 37 of 157
It's ok sm. They haven't got too much of my pension. I manage the vast majority myself.
I just find it amazing how these companies get away with giving such poor returns year after year after year.
I just find it amazing how these companies get away with giving such poor returns year after year after year.
stable
- 08 May 2007 08:22
- 38 of 157
All about timing, when I took early retirement 10 yrs ago they were leaders in the field and i am eternaly grateful.and annuity rates were a little different to current.
stockbunny
- 08 May 2007 09:33
- 39 of 157
Are results due or am I totally off beam?
skinny
- 08 May 2007 09:37
- 40 of 157
Bunny - look here http://www.moneyam.com/action/news/showArticle?id=1948192
stockbunny
- 08 May 2007 11:10
- 41 of 157
Thank you Skinny :>))) Didn't think it was literally today LOL
2517GEORGE
- 26 Jun 2007 13:31
- 42 of 157
Bonus shares due soon aren't they?
2517
2517
robinhood - 26 Jun 2007 13:58 - 43 of 157
2517: due 10/7
2517GEORGE
- 26 Jun 2007 14:06
- 44 of 157
Thanks for that robinhood, SL. have performed quite well since flotation and I will continue holding for the long term, this is one of my core holdings. I believe the insurance sector is ripe for consolidation over the next 2 or 3 years, so there may well be some juicy profits to be had. IMO of course.
2517
2517
fliper
- 16 Jul 2007 16:14
- 45 of 157
When are the free shares due ?
robinhood - 16 Jul 2007 16:42 - 46 of 157
TD waterhouse said they "will be added to your portfolio week commencing 16/7"
robinhood - 17 Jul 2007 09:19 - 47 of 157
my bonus shares now received from td waterhouse
hermana - 17 Jul 2007 11:06 - 48 of 157
got mine too...
2517GEORGE
- 08 Aug 2007 10:37
- 49 of 157
What a difference a week makes you could buy these for around the 3 mark last week. Uncertainty surrounding a possible bid for Resolution removed and good figures are spurring them on, long may it continue.
2517
2517
mojo47
- 21 Nov 2007 18:58
- 50 of 157
back to below where they started from its a good job they were free,
2517GEORGE
- 22 Nov 2007 10:24
- 51 of 157
Hard though it is, these are the times to buy/top up, the problem is no one knows where the bottom is, but markets over re-act on the downside as well as the upside, imo in 1-2 years this will turn out to have been an excellent time to buy, not just SL. but many other top quality co's. Not to mention the high yields.
2517
2517
Dartmoor
- 07 Sep 2009 22:40
- 52 of 157
Amazing what a difference those 1 - 2 years make 2517 George! Not so sure then was an excellent time to buy - although I did, but now is a MUCH better time to buy and I'm in for the long term
2517GEORGE
- 08 Sep 2009 09:20
- 53 of 157
Crikey nearly 2 years since my last mention here, you are right it wasn't an excellent time to buy, they were about 250p ish at the time having come down from around 350p. I still hold mine getting the decent divi and one I shall just keep. Annette with a user name of Dartmoor I knew you had to be in a similar area as myself, good luck with your investments.
2517
2517
snakey
- 08 Sep 2009 20:48
- 54 of 157
If these stay as low as they have been they will become a target themselves....Zurich or somebody ??? I have kept topping up with these even when they went down to 1.18p as am fully confident in their value and money making capability, but then other insurers see the same thing and it won`t be long before a 5 billion bid comes in unless they get their act back together
hermana - 09 Sep 2009 07:52 - 55 of 157
That would be nice...
snakey
- 09 Sep 2009 23:05
- 56 of 157
a step in the right direction already probably worth 25p per share in cash injection value plus ongoing business interest, which will increase over time quite substantially methinks definitely a hold or even a top up opportunity but will wait a week or two to see how SP develops
snakey
- 16 Oct 2009 22:24
- 57 of 157
my thoughts from September may shortly be coming true, as I understand there are a couple of attentive suitors in the wings and the next couple of weeks should be interesting not sure whether it`s a fill your boots time or just hold on to what you have but I would have thought an offer would be at a 40-50p premium to current price ??
skinny
- 16 Aug 2011 13:12
- 58 of 157
Ex dividend tomorrow - yield 5.96%.
cynic
- 16 Aug 2011 13:26
- 59 of 157
yield is the only decent thing about this crap stock - have held since floatation
skinny
- 16 Aug 2011 13:40
- 60 of 157
Been fine for me - I bought earlier in the year and again last week.
skinny
- 02 Nov 2011 07:13
- 61 of 157
Interim Management Statement.
Robust performance in difficult market conditions
Group assets under administration (AUA) of 191.1bn (31 December 2010: 196.8bn, 30 June 2011: 200.0bn) have remained resilient reflecting the Group's diversified AUA mix
Standard Life Investments third party assets under management (AUM) of 69.1bn
(31 December 2010: 67.7bn1, 30 June 2011: 71.6bn)
Long-term savings new business sales up 10% to 15.5bn (2010: 14.0bn) after broadly maintained sales in the quarter
Long-term savings net inflows excluding conventional with profits up 5% to 4.4bn2 (2010: 4.2bn2)
Standard Life Investments third party net inflows of 3.5bn1 (2010: 4.9bn1), representing an annualised 7%1 of opening AUM, with average revenue basis points increased to 37bps (2010: 35bps)
Robust performance in difficult market conditions
Group assets under administration (AUA) of 191.1bn (31 December 2010: 196.8bn, 30 June 2011: 200.0bn) have remained resilient reflecting the Group's diversified AUA mix
Standard Life Investments third party assets under management (AUM) of 69.1bn
(31 December 2010: 67.7bn1, 30 June 2011: 71.6bn)
Long-term savings new business sales up 10% to 15.5bn (2010: 14.0bn) after broadly maintained sales in the quarter
Long-term savings net inflows excluding conventional with profits up 5% to 4.4bn2 (2010: 4.2bn2)
Standard Life Investments third party net inflows of 3.5bn1 (2010: 4.9bn1), representing an annualised 7%1 of opening AUM, with average revenue basis points increased to 37bps (2010: 35bps)
skinny
- 08 Mar 2012 09:16
- 62 of 157
Preliminary results 13th March - Ex dividend 21st March.
skinny
- 13 Mar 2012 07:05
- 63 of 157
Final Results - Part 1 of 5
Part 1 of 5
Increased operating profits and cash flow delivered in challenging market conditions
Continuing growth in assets and strong net flows
-- Long-term savings new business sales up 7% to GBP19.7bn (2010: GBP18.5bn)
-- Long-term savings net inflows of GBP4.0bn(1) (2010: GBP4.7bn(1) )
-- Standard Life Investments third party net inflows of GBP4.3bn(1,2) (2010: GBP5.7bn(1,2) ) and third party assets under management (AUM) of GBP71.8bn (2010: GBP67.7bn(2) )
-- Group assets under administration of GBP198.4bn (2010: GBP192.9bn(2) )
Operating profit(3) increased by 28%
-- Including fee based revenue up 8% to GBP1,223m (2010: GBP1,131m)
-- Lower unit costs with acquisition expenses of 140bps (2010: 149bps) and maintenance expenses of 41bps (2010: 42bps)
-- Operating profit before tax from continuing operations up 28% to GBP544m (2010: GBP425m)
-- IFRS profit after tax attributable to equity holders of GBP298m (2010: GBP432m) lower largely due to year end financial market levels
Capital and cash generation increased by 53%, dividend up 6.2% and strong capital position
-- EEV operating capital and cash generation 53% higher at GBP438m (2010: GBP287m)
-- Final dividend up 6.4% to 9.20p, resulting in total dividend for 2011 up 6.2% to 13.80p
-- IGD surplus of GBP3.1bn (2010: GBP3.8bn) following successful tender for EUR687m of lower tier two subordinated liabilities
Delivering for our customers
-- Now over 1,000 adviser firms on Wrap with platform assets reaching GBP11.4bn
-- Continued growth of MyFolio with assets now exceeding GBP1.0bn and launch of suite of income funds
-- HDFC Asset Management Company is the largest mutual fund company in India with AUM of GBP9.8bn
Part 1 of 5
Increased operating profits and cash flow delivered in challenging market conditions
Continuing growth in assets and strong net flows
-- Long-term savings new business sales up 7% to GBP19.7bn (2010: GBP18.5bn)
-- Long-term savings net inflows of GBP4.0bn(1) (2010: GBP4.7bn(1) )
-- Standard Life Investments third party net inflows of GBP4.3bn(1,2) (2010: GBP5.7bn(1,2) ) and third party assets under management (AUM) of GBP71.8bn (2010: GBP67.7bn(2) )
-- Group assets under administration of GBP198.4bn (2010: GBP192.9bn(2) )
Operating profit(3) increased by 28%
-- Including fee based revenue up 8% to GBP1,223m (2010: GBP1,131m)
-- Lower unit costs with acquisition expenses of 140bps (2010: 149bps) and maintenance expenses of 41bps (2010: 42bps)
-- Operating profit before tax from continuing operations up 28% to GBP544m (2010: GBP425m)
-- IFRS profit after tax attributable to equity holders of GBP298m (2010: GBP432m) lower largely due to year end financial market levels
Capital and cash generation increased by 53%, dividend up 6.2% and strong capital position
-- EEV operating capital and cash generation 53% higher at GBP438m (2010: GBP287m)
-- Final dividend up 6.4% to 9.20p, resulting in total dividend for 2011 up 6.2% to 13.80p
-- IGD surplus of GBP3.1bn (2010: GBP3.8bn) following successful tender for EUR687m of lower tier two subordinated liabilities
Delivering for our customers
-- Now over 1,000 adviser firms on Wrap with platform assets reaching GBP11.4bn
-- Continued growth of MyFolio with assets now exceeding GBP1.0bn and launch of suite of income funds
-- HDFC Asset Management Company is the largest mutual fund company in India with AUM of GBP9.8bn
skinny
- 13 Mar 2012 08:36
- 64 of 157
Turned out nice again!
;MA(50)&IND=RSI(14);MTM(6,6);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
kimoldfield
- 13 Mar 2012 08:38
- 65 of 157
Nothing standard about that! Nice rise is divi.
beebusy
- 13 Mar 2012 09:33
- 66 of 157
Hmm!! I thought I would hold the freebees and reinvest the divi each year to offset the shortfall in my endowment.Seems like it was a good move, one of the few I have made!!
kimoldfield
- 13 Mar 2012 12:08
- 67 of 157
Indeed, a good idea bb!
skinny
- 25 Apr 2012 07:05
- 68 of 157
Interim Management Statement
Well positioned for market and regulatory changes
Continuing growth in assets and sustained net flows
· Group assets under administration (AUA) of £206.8bn (31 December 2011: £198.4bn, 31 March 2011: £194.5bn1)
· Standard Life Investments third party assets under management (AUM) of £76.1bn (31 December 2011: £71.8bn, 31 March 2011: £68.4bn1)
· Long-term savings new business sales of £5.0bn (2011: £5.8bn) with the UK performing well
· Long-term savings net inflows of £1.1bn2 (2011: £1.3bn2) including strong flows into institutional pensions driven by demand for our market-leading Global Absolute Return Strategies proposition
· Standard Life Investments third party net inflows of £1.1bn2 (2011: £1.4bn1,2), representing an annualised 6% of opening AUM
Well positioned for market and regulatory changes
Continuing growth in assets and sustained net flows
· Group assets under administration (AUA) of £206.8bn (31 December 2011: £198.4bn, 31 March 2011: £194.5bn1)
· Standard Life Investments third party assets under management (AUM) of £76.1bn (31 December 2011: £71.8bn, 31 March 2011: £68.4bn1)
· Long-term savings new business sales of £5.0bn (2011: £5.8bn) with the UK performing well
· Long-term savings net inflows of £1.1bn2 (2011: £1.3bn2) including strong flows into institutional pensions driven by demand for our market-leading Global Absolute Return Strategies proposition
· Standard Life Investments third party net inflows of £1.1bn2 (2011: £1.4bn1,2), representing an annualised 6% of opening AUM
dreamcatcher
- 12 Aug 2012 19:05
- 69 of 157
Standard Life (Other OTC: SLFPF.PK - news) will round off the life insurance reporting season on Tuesday when it is expected to report a 3pc fall in operating profits to £254m.
The Edinburgh-based insurance group will be looking to convince investors it is well placed to take advantage of proposed changes in the UK pensions and savings market.
Last year, the company pledged to "step up" its performance ahead of the introduction of the auto-enrolement pension scheme and retail distribution review.
Auto (BSE: BSE-AUTO.BO - news) -enrolement will see employees automatically enrolled into their existing employers' pension scheme or into a new system of personal accounts. The group expects to win business as more pension schemes turn to its services.
The retail distribution review will outlaw commission payments to intermediaries. Standard Life already operates on the preferred fee-based model and hopes to gain market share as its rivals alter their payment structures.
Group assets under management are forceast to have grown by 3pc to £204.2bn.
The Edinburgh-based insurance group will be looking to convince investors it is well placed to take advantage of proposed changes in the UK pensions and savings market.
Last year, the company pledged to "step up" its performance ahead of the introduction of the auto-enrolement pension scheme and retail distribution review.
Auto (BSE: BSE-AUTO.BO - news) -enrolement will see employees automatically enrolled into their existing employers' pension scheme or into a new system of personal accounts. The group expects to win business as more pension schemes turn to its services.
The retail distribution review will outlaw commission payments to intermediaries. Standard Life already operates on the preferred fee-based model and hopes to gain market share as its rivals alter their payment structures.
Group assets under management are forceast to have grown by 3pc to £204.2bn.
skinny
- 14 Aug 2012 07:04
- 70 of 157
Half Yearly Report part 1 of 5
Delivering value for customers and shareholders
Continuing growth in assets under administration
· Group assets under administration of £204.2bn (FY 2011: £198.4bn)
· Long-term savings new business sales of £10.1bn (H1 2011: £11.2bn)
· Long-term savings net inflows of £1.6bn1 (H1 2011: £2.9bn1)
· Standard Life Investments third party net inflows of £0.6bn1 (H1 2011: £2.9bn1)
Standard Life Investments third party assets under management (AUM) of £74.3bn (FY 2011: £71.8bn) with increasing asset class and geographic reach
Operating profit2 increased by 15%
· Fee based revenue increased to £620m (H1 2011: £611m)
· Lower unit and absolute costs with acquisition expenses of 146bps (FY 2011: 169bps) and maintenance expenses of 43bps (FY 2011: 46bps)
· Operating profit before tax up 15% to £302m (H1 2011: £262m) helped by a significant improvement in UK performance
· IFRS profit after tax attributable to equity holders up 28% to £254m (H1 2011: £199m)
Capital and cash generation up 53%, dividend up 6.5% and strong balance sheet
· EEV operating capital and cash generation 53% higher at £295m (H1 2011: £193m)
· Interim dividend up 6.5% to 4.90p
· IGD surplus of £3.0bn (FY 2011: £3.1bn) remained relatively insensitive to market movements
Delivering for our customers
· Now have 205,000 customers on platforms with £12.8bn in assets under administration
· Continued growth in SIPP, helping to increase assets to £18bn
· MyFolio has attracted assets of £1.5bn since launch in October 2010 and GARS AUM exceeds £17bn
Delivering value for customers and shareholders
Continuing growth in assets under administration
· Group assets under administration of £204.2bn (FY 2011: £198.4bn)
· Long-term savings new business sales of £10.1bn (H1 2011: £11.2bn)
· Long-term savings net inflows of £1.6bn1 (H1 2011: £2.9bn1)
· Standard Life Investments third party net inflows of £0.6bn1 (H1 2011: £2.9bn1)
Standard Life Investments third party assets under management (AUM) of £74.3bn (FY 2011: £71.8bn) with increasing asset class and geographic reach
Operating profit2 increased by 15%
· Fee based revenue increased to £620m (H1 2011: £611m)
· Lower unit and absolute costs with acquisition expenses of 146bps (FY 2011: 169bps) and maintenance expenses of 43bps (FY 2011: 46bps)
· Operating profit before tax up 15% to £302m (H1 2011: £262m) helped by a significant improvement in UK performance
· IFRS profit after tax attributable to equity holders up 28% to £254m (H1 2011: £199m)
Capital and cash generation up 53%, dividend up 6.5% and strong balance sheet
· EEV operating capital and cash generation 53% higher at £295m (H1 2011: £193m)
· Interim dividend up 6.5% to 4.90p
· IGD surplus of £3.0bn (FY 2011: £3.1bn) remained relatively insensitive to market movements
Delivering for our customers
· Now have 205,000 customers on platforms with £12.8bn in assets under administration
· Continued growth in SIPP, helping to increase assets to £18bn
· MyFolio has attracted assets of £1.5bn since launch in October 2010 and GARS AUM exceeds £17bn
skinny
- 14 Aug 2012 08:01
- 71 of 157
3 year highs at open.
cynic
- 14 Aug 2012 08:04
- 72 of 157
have held these - and forgotten about them - since the launch ..... it's been a crap investment
skinny
- 14 Aug 2012 08:08
- 73 of 157
I bought at 227 - so quite pleased, plus the5% + yield.
cynic
- 14 Aug 2012 08:23
- 74 of 157
the launch price was 240 by the looks oif it, and yes there was indeed a 5% bonus issue after year 1 ..... however, though the yield is pretty good, the capital growth is almost non-existent ...... still, i guess it's better than holding SEO (or whatever they call themselves now) or RR or GOO or PXS or a stack of other total stinkers that have been board faves at one time or another
skinny
- 14 Aug 2012 08:30
- 75 of 157
Ex dividend next Wednesday (22ND)
skinny
- 14 Aug 2012 08:46
- 76 of 157
Take your pick.
Panmure Gordon upgrades to Buy TP 295p
Deutsche Bank retains its Hold TP 250p.
Panmure Gordon upgrades to Buy TP 295p
Deutsche Bank retains its Hold TP 250p.
skinny
- 14 Aug 2012 10:06
- 77 of 157
Closed @272 - hoping to buy back lower.
Time Traveller
- 28 Aug 2012 08:51
- 78 of 157
skinny,
are you back into SL yet?
I've been holding since the early 190's so quite happy with my investment.
Not so happy with others but that's life!
TT
are you back into SL yet?
I've been holding since the early 190's so quite happy with my investment.
Not so happy with others but that's life!
TT
skinny
- 28 Aug 2012 08:53
- 79 of 157
Not yet - I'm watching a few more imminent dividend plays atm.
skinny
- 31 Oct 2012 07:22
- 80 of 157
Interim Management Statement
Ready for market and regulatory changes
Continuing growth in assets under administration
-- Group assets under administration of GBP211.9bn (31 December 2011: GBP198.4bn, 30 June 2012: GBP204.2bn)
-- Long-term savings new business sales of GBP14.4bn (2011: GBP15.5bn)
-- Long-term savings net flows of GBP2.5bn(1) (2011: GBP3.4bn(1) )
-- Standard Life Investments third party net inflows of GBP3.2bn(1) (2011: GBP3.4bn(1) )
-- Standard Life Investments third party assets under management (AUM) of GBP78.8bn (31 December 2011: GBP71.8bn, 30 June 2012: GBP74.3bn) with increasing asset class and geographic reach
Strong balance sheet
-- IGD surplus of GBP3.4bn (31 December 2011: GBP3.1bn, 30 June 2012: GBP3.0bn) remains relatively insensitive to market movements
-- IGD surplus includes CAD$400m subordinated debt issue in Canada
Successful transition to auto enrolment and Retail Distribution Review (RDR) readiness
-- Ready for auto enrolment and RDR with adviser charging now live on our Wrap platform
-- Agreement with RBS Group to provide RDR-ready proposition combining platform and risk-based investment solutions
Delivering for our customers
-- MyFolio has attracted assets of GBP1.9bn since launch in October 2010
-- Standard Life Investments launched an Emerging Market Debt Fund, broadening our investment offering
-- Expanded our mutual funds range in Canada with two new fixed income funds and increased market share
-- Asia and Emerging Markets business won 'Best for adviser support/customer service' in the UK offshore and Asia categories at the International Adviser Life Awards, and is now open for business in Singapore
-- HDFC Life increased its share of the private individual market to 17%(2) and was awarded 'Best life insurance provider - private sector' at the India Best Bank and Financial Institution Awards
Ready for market and regulatory changes
Continuing growth in assets under administration
-- Group assets under administration of GBP211.9bn (31 December 2011: GBP198.4bn, 30 June 2012: GBP204.2bn)
-- Long-term savings new business sales of GBP14.4bn (2011: GBP15.5bn)
-- Long-term savings net flows of GBP2.5bn(1) (2011: GBP3.4bn(1) )
-- Standard Life Investments third party net inflows of GBP3.2bn(1) (2011: GBP3.4bn(1) )
-- Standard Life Investments third party assets under management (AUM) of GBP78.8bn (31 December 2011: GBP71.8bn, 30 June 2012: GBP74.3bn) with increasing asset class and geographic reach
Strong balance sheet
-- IGD surplus of GBP3.4bn (31 December 2011: GBP3.1bn, 30 June 2012: GBP3.0bn) remains relatively insensitive to market movements
-- IGD surplus includes CAD$400m subordinated debt issue in Canada
Successful transition to auto enrolment and Retail Distribution Review (RDR) readiness
-- Ready for auto enrolment and RDR with adviser charging now live on our Wrap platform
-- Agreement with RBS Group to provide RDR-ready proposition combining platform and risk-based investment solutions
Delivering for our customers
-- MyFolio has attracted assets of GBP1.9bn since launch in October 2010
-- Standard Life Investments launched an Emerging Market Debt Fund, broadening our investment offering
-- Expanded our mutual funds range in Canada with two new fixed income funds and increased market share
-- Asia and Emerging Markets business won 'Best for adviser support/customer service' in the UK offshore and Asia categories at the International Adviser Life Awards, and is now open for business in Singapore
-- HDFC Life increased its share of the private individual market to 17%(2) and was awarded 'Best life insurance provider - private sector' at the India Best Bank and Financial Institution Awards
skinny
- 22 Nov 2012 10:22
- 81 of 157
Standard Life maps strategy for new pensions era after jobs axed
Published on Thursday 22 November 2012 00:00
STANDARD Life, the Edinburgh-based insurance giant, has confirmed plans to cut 139 jobs as it restructures its UK business in preparation for radical reforms in the pensions industry.
The group said it needed to introduce “more streamlined and flexible organisational structures” to meet the twin challenges of the retail distribution review (RDR), which will ban commission payments to financial advisers from next year, and new rules forcing employers to provide pensions for all eligible members of staff.
It emerged last month that sales of Standard Life’s corporate pensions tumbled 38 per cent to £635 million during the third quarter as companies put their plans on hold ahead of the “auto-enrolment” shake-up, but the group insisted it was well-placed to benefit from the changing regulatory landscape.
Published on Thursday 22 November 2012 00:00
STANDARD Life, the Edinburgh-based insurance giant, has confirmed plans to cut 139 jobs as it restructures its UK business in preparation for radical reforms in the pensions industry.
The group said it needed to introduce “more streamlined and flexible organisational structures” to meet the twin challenges of the retail distribution review (RDR), which will ban commission payments to financial advisers from next year, and new rules forcing employers to provide pensions for all eligible members of staff.
It emerged last month that sales of Standard Life’s corporate pensions tumbled 38 per cent to £635 million during the third quarter as companies put their plans on hold ahead of the “auto-enrolment” shake-up, but the group insisted it was well-placed to benefit from the changing regulatory landscape.
beebusy
- 22 Nov 2012 11:03
- 82 of 157
I held the free issue and reinvested the divi into stock to nullify the disastrous endowment plan held with them. Although my heart says they have scewed me and thousands of others over, my head says they are certainly worth considerering as a place to stash the pittance when it pays out next year.But with much else at this time its a gamble.Who knows what other grubby little banking secrets are waiting to pop out of the hat.
skinny
- 27 Nov 2012 08:48
- 83 of 157
I never did buy back here!
Toya
- 27 Nov 2012 08:52
- 84 of 157
I've just banked my divi on these - have held them for years. Nice chart!
skinny
- 07 Mar 2013 07:04
- 85 of 157
Final Results - Part 1 of 5
Delivering substantial growth in profits and increasing dividends
Operating profit1 increased by 65% with profit growth across all business units
· Fee based revenue increased to £1,271m (2011: £1,205m)
· Lower unit and absolute costs with acquisition costs of 156bps (2011: 169bps) and maintenance costs of 45bps (2011: 46bps)
· Operating profit before tax up 65% to £900m (2011: £544m) driven by a significant improvement in UK performance, and the continuing growth of Standard Life Investments, as well as previously announced management actions in Canada and UK
· IFRS profit after tax attributable to equity holders up 134% to £698m (2011: £298m)
Record assets under administration and Standard Life Investments third party assets under management
· Group assets under administration of £218.1bn (2011: £198.4bn)
· Long-term savings new business sales of £19.3bn (2011: £19.7bn)
· Long-term savings net inflows of £2.6bn2 (2011: £4.0bn2) including gross inflows of £20.3bn2 (2011: £20.6bn2)
· Standard Life Investments third party net inflows of £6.1bn2 (2011: £4.3bn2) including 62% from outside UK
· Standard Life Investments third party assets under management (AUM) of £83.0bn (2011: £71.8bn) with increasing asset class and geographic reach
Strong balance sheet and capital and cash generation up 68%
· EEV operating capital and cash generation 68% higher at £734m (2011: £438m)
· Issued £500m lower tier 2 subordinated debt in the UK and CA$400m lower tier 2 subordinated debt in Canada, taking advantage of strong demand from investors and improved pricing conditions
· IGD surplus of £4.1bn (2011: £3.1bn) remained relatively insensitive to market movements
Progressive dividend up 6.5%
· Final dividend up 6.5% to 9.80p, making a total of 14.70p for the year (2011: 13.80p)
Special dividend of 12.80p (£302m)
· Strong capital position supports special dividend of 12.80p (£302m)
Delivering substantial growth in profits and increasing dividends
Operating profit1 increased by 65% with profit growth across all business units
· Fee based revenue increased to £1,271m (2011: £1,205m)
· Lower unit and absolute costs with acquisition costs of 156bps (2011: 169bps) and maintenance costs of 45bps (2011: 46bps)
· Operating profit before tax up 65% to £900m (2011: £544m) driven by a significant improvement in UK performance, and the continuing growth of Standard Life Investments, as well as previously announced management actions in Canada and UK
· IFRS profit after tax attributable to equity holders up 134% to £698m (2011: £298m)
Record assets under administration and Standard Life Investments third party assets under management
· Group assets under administration of £218.1bn (2011: £198.4bn)
· Long-term savings new business sales of £19.3bn (2011: £19.7bn)
· Long-term savings net inflows of £2.6bn2 (2011: £4.0bn2) including gross inflows of £20.3bn2 (2011: £20.6bn2)
· Standard Life Investments third party net inflows of £6.1bn2 (2011: £4.3bn2) including 62% from outside UK
· Standard Life Investments third party assets under management (AUM) of £83.0bn (2011: £71.8bn) with increasing asset class and geographic reach
Strong balance sheet and capital and cash generation up 68%
· EEV operating capital and cash generation 68% higher at £734m (2011: £438m)
· Issued £500m lower tier 2 subordinated debt in the UK and CA$400m lower tier 2 subordinated debt in Canada, taking advantage of strong demand from investors and improved pricing conditions
· IGD surplus of £4.1bn (2011: £3.1bn) remained relatively insensitive to market movements
Progressive dividend up 6.5%
· Final dividend up 6.5% to 9.80p, making a total of 14.70p for the year (2011: 13.80p)
Special dividend of 12.80p (£302m)
· Strong capital position supports special dividend of 12.80p (£302m)
goldfinger
- 07 Mar 2013 08:07
- 86 of 157
Fantastic results this morning...
Standard Life plc
Preliminary Results 2012
7 March 2013
Part 1 of 5
Delivering substantial growth in profits and increasing dividends
Operating profit1 increased by 65% with profit growth across all business units
· Fee based revenue increased to £1,271m (2011: £1,205m)
· Lower unit and absolute costs with acquisition costs of 156bps (2011: 169bps) and maintenance costs of 45bps (2011: 46bps)
· Operating profit before tax up 65% to £900m (2011: £544m) driven by a significant improvement in UK performance, and the continuing growth of Standard Life Investments, as well as previously announced management actions in Canada and UK
· IFRS profit after tax attributable to equity holders up 134% to £698m (2011: £298m)
Record assets under administration and Standard Life Investments third party assets under management
· Group assets under administration of £218.1bn (2011: £198.4bn)
· Long-term savings new business sales of £19.3bn (2011: £19.7bn)
· Long-term savings net inflows of £2.6bn2 (2011: £4.0bn2) including gross inflows of £20.3bn2 (2011: £20.6bn2)
· Standard Life Investments third party net inflows of £6.1bn2 (2011: £4.3bn2) including 62% from outside UK
· Standard Life Investments third party assets under management (AUM) of £83.0bn (2011: £71.8bn) with increasing asset class and geographic reach
Strong balance sheet and capital and cash generation up 68%
· EEV operating capital and cash generation 68% higher at £734m (2011: £438m)
· Issued £500m lower tier 2 subordinated debt in the UK and CA$400m lower tier 2 subordinated debt in Canada, taking advantage of strong demand from investors and improved pricing conditions
· IGD surplus of £4.1bn (2011: £3.1bn) remained relatively insensitive to market movements
Progressive dividend up 6.5%
· Final dividend up 6.5% to 9.80p, making a total of 14.70p for the year (2011: 13.80p)
Special dividend of 12.80p (£302m)
· Strong capital position supports special dividend of 12.80p (£302m)
Standard Life plc
Preliminary Results 2012
7 March 2013
Part 1 of 5
Delivering substantial growth in profits and increasing dividends
Operating profit1 increased by 65% with profit growth across all business units
· Fee based revenue increased to £1,271m (2011: £1,205m)
· Lower unit and absolute costs with acquisition costs of 156bps (2011: 169bps) and maintenance costs of 45bps (2011: 46bps)
· Operating profit before tax up 65% to £900m (2011: £544m) driven by a significant improvement in UK performance, and the continuing growth of Standard Life Investments, as well as previously announced management actions in Canada and UK
· IFRS profit after tax attributable to equity holders up 134% to £698m (2011: £298m)
Record assets under administration and Standard Life Investments third party assets under management
· Group assets under administration of £218.1bn (2011: £198.4bn)
· Long-term savings new business sales of £19.3bn (2011: £19.7bn)
· Long-term savings net inflows of £2.6bn2 (2011: £4.0bn2) including gross inflows of £20.3bn2 (2011: £20.6bn2)
· Standard Life Investments third party net inflows of £6.1bn2 (2011: £4.3bn2) including 62% from outside UK
· Standard Life Investments third party assets under management (AUM) of £83.0bn (2011: £71.8bn) with increasing asset class and geographic reach
Strong balance sheet and capital and cash generation up 68%
· EEV operating capital and cash generation 68% higher at £734m (2011: £438m)
· Issued £500m lower tier 2 subordinated debt in the UK and CA$400m lower tier 2 subordinated debt in Canada, taking advantage of strong demand from investors and improved pricing conditions
· IGD surplus of £4.1bn (2011: £3.1bn) remained relatively insensitive to market movements
Progressive dividend up 6.5%
· Final dividend up 6.5% to 9.80p, making a total of 14.70p for the year (2011: 13.80p)
Special dividend of 12.80p (£302m)
· Strong capital position supports special dividend of 12.80p (£302m)
clogheen - 07 Mar 2013 08:53 - 87 of 157
Great results here today,,,,,,,,have held for years and no intention of selling,,,,,,,,
HARRYCAT
- 07 Mar 2013 09:02
- 88 of 157
.
skinny
- 07 Mar 2013 09:03
- 89 of 157
Err!
HARRYCAT
- 07 Mar 2013 09:08
- 90 of 157
Correction: (Just testing skinny! ;o)
Interesting that you have held for some time as the sp has been pretty disappointing for some while. Obviously it depends on your entry point but unless it was within the last year the only attraction has been the 6% yield.
Interesting that you have held for some time as the sp has been pretty disappointing for some while. Obviously it depends on your entry point but unless it was within the last year the only attraction has been the 6% yield.
goldfinger
- 07 Mar 2013 09:14
- 91 of 157
goldfinger
- 07 Mar 2013 10:01
- 92 of 157
07 Mar Standard Life PLC SL. Panmure Gordon Buy 379.70 374.20 375.00 420.00 Reiterates
420p target SP
420p target SP
beebusy
- 11 Mar 2013 10:03
- 93 of 157
Held on to the freebe's and reinvested the divi to offset the shortfall on the endowment policy due to pay out August. Seems to have been a rare good move!! Mind you lets see what crumbs they throw the endowments way,very little if any I would say.
skinny
- 24 Apr 2013 07:05
- 94 of 157
Interim Management Statement
Strong sales and record Group assets under administration
Strong growth in sales and Group assets under administration
· Group assets under administration (AUA) of £233.1bn up 7% (FY 2012: £218.1bn; Q1 2012: £206.8bn) driven by improved flows and positive market movements
· Record quarterly PVNBP long-term savings new business sales of £6.3bn up 24% (Q1 2012: £5.0bn)
· Long-term savings net flows up 26% to £1.4bn1 (Q1 2012: £1.1bn1)
· Group AUA net flows of £2.8bn (Q1 2012: £1.1bn)
Standard Life Investments delivers record gross inflows and strong net flows
· Standard Life Investments third party net inflows up 161% to £3.0bn1 (Q1 2012: £1.1bn1) representing annualised 14% of opening third party assets under management (AUM)
· Standard Life Investments third party AUM up 9% to £90.4bn (FY 2012: £83.0bn; Q1 2012: £76.1bn)
· Investing to diversify asset mix, including further growth in the emerging markets team, and expanding geographic reach
Group operational highlights
· Delivered a smooth transition for our customers through the Retail Distribution Review
· Early auto enrolment experience is encouraging with lower than anticipated opt outs and higher contribution rates
· Significantly increased corporate pension processing capacity
· MyFolio Income range won the 'Best New Fund Launch' award at the Professional Adviser awards with MyFolio AUM up 23% to £2.8bn (FY 2012: £2.2bn)
Strong balance sheet
· Estimated IGD surplus of £4.2bn (FY 2012: £4.1bn; Q1 2012: £3.1bn), before the payment of final and special dividends totalling £0.5bn, remains relatively insensitive to market movements
Strong sales and record Group assets under administration
Strong growth in sales and Group assets under administration
· Group assets under administration (AUA) of £233.1bn up 7% (FY 2012: £218.1bn; Q1 2012: £206.8bn) driven by improved flows and positive market movements
· Record quarterly PVNBP long-term savings new business sales of £6.3bn up 24% (Q1 2012: £5.0bn)
· Long-term savings net flows up 26% to £1.4bn1 (Q1 2012: £1.1bn1)
· Group AUA net flows of £2.8bn (Q1 2012: £1.1bn)
Standard Life Investments delivers record gross inflows and strong net flows
· Standard Life Investments third party net inflows up 161% to £3.0bn1 (Q1 2012: £1.1bn1) representing annualised 14% of opening third party assets under management (AUM)
· Standard Life Investments third party AUM up 9% to £90.4bn (FY 2012: £83.0bn; Q1 2012: £76.1bn)
· Investing to diversify asset mix, including further growth in the emerging markets team, and expanding geographic reach
Group operational highlights
· Delivered a smooth transition for our customers through the Retail Distribution Review
· Early auto enrolment experience is encouraging with lower than anticipated opt outs and higher contribution rates
· Significantly increased corporate pension processing capacity
· MyFolio Income range won the 'Best New Fund Launch' award at the Professional Adviser awards with MyFolio AUM up 23% to £2.8bn (FY 2012: £2.2bn)
Strong balance sheet
· Estimated IGD surplus of £4.2bn (FY 2012: £4.1bn; Q1 2012: £3.1bn), before the payment of final and special dividends totalling £0.5bn, remains relatively insensitive to market movements
skinny
- 24 Apr 2013 11:44
- 95 of 157
Credit Suisse Underperform 375.15 325.00 325.00 Reiterates
Investec Buy 375.15 373.00 373.00 Retains
Investec Buy 375.15 373.00 373.00 Retains
skinny
- 25 Apr 2013 08:08
- 96 of 157
Deutsche Bank Buy 0.00 380.70 360.00 410.00 Upgrade
HB Markets Hold 388.65 - - Downgrades
JP Morgan Cazenove Overweight 388.65 380.00 380.00 Reiterates
HB Markets Hold 388.65 - - Downgrades
JP Morgan Cazenove Overweight 388.65 380.00 380.00 Reiterates
skinny
- 26 Apr 2013 07:10
- 97 of 157
Board Change
The Board of Standard Life plc announces that Jackie Hunt has resigned with immediate effect as Chief Financial Officer and as a Board director. She will take up the position of CEO, Prudential UK & Europe. A search for her replacement has begun and during the period of the search, the current reporting lines to this position will be temporarily reassigned.
David Nish, Chief Executive Officer, said 'I'd like to take this opportunity, on behalf of the Board, to thank Jackie for her commitment and the contribution that she has made to the business during the last four years. I wish her well in her first CEO role'.
Following this change, the Board of Standard Life plc will comprise two executive directors, eight non-executive directors and the Chairman.
The Board of Standard Life plc announces that Jackie Hunt has resigned with immediate effect as Chief Financial Officer and as a Board director. She will take up the position of CEO, Prudential UK & Europe. A search for her replacement has begun and during the period of the search, the current reporting lines to this position will be temporarily reassigned.
David Nish, Chief Executive Officer, said 'I'd like to take this opportunity, on behalf of the Board, to thank Jackie for her commitment and the contribution that she has made to the business during the last four years. I wish her well in her first CEO role'.
Following this change, the Board of Standard Life plc will comprise two executive directors, eight non-executive directors and the Chairman.
skinny
- 08 Aug 2013 07:12
- 98 of 157
Half Year Results 2013 part 1 of 5
Record flows driving strong growth in revenue
Record long-term savings new business sales and Group net inflows
· Group assets under administration of £232.8bn (FY 2012: £218.1bn) and Group net flows of £6.5bn (H1 2012: £0.7bn)
· Long-term savings new business sales of £12.2bn (H1 2012: £10.1bn)
· Long-term savings net inflows of £2.5bn1 (H1 2012: £1.6bn1) including gross inflows of £11.8bn1 (H1 2012: £10.2bn1)
· Standard Life Investments third party net inflows of £7.1bn1 (H1 2012: £0.6bn1) of which 51% from outside UK
· Standard Life Investments third party assets under management (AUM) of £93.4bn (FY 2012: £83.0bn)
Strong growth in fee based revenue driving Group operating profit performance
· Fee based revenue increased by 14% to £694m (H1 2012: £610m)
· Lower unit costs with acquisition costs of 130bps (FY 2012: 156bps) and maintenance costs of 41bps (FY 2012: 45bps)
· Operating profit2 before tax up 6% to £304m (H1 2012: £286m3) including
· 28% increase in UK operating profit with strong momentum in both our retail and corporate businesses
· 37% increase in Standard Life Investments operating profit with excellent investment performance and exceptionally strong net inflows
· £14m increase in financing costs from debt issued in H2 2012 at attractive interest rates
· IFRS profit after tax attributable to equity holders of £129m (H1 2012: £238m3) reflecting the expected increase in the tax charge and impact of rising yields on debt securities
Continued strong balance sheet
· EEV operating capital and cash generation of £231m (H1 2012: £279m3) reflects a lower back book management contribution in the period
· IGD surplus of £3.7bn (FY 2012: £4.1bn), following the payment of the 2012 final and special dividends of £532m, remains relatively insensitive to market movements
Progressive interim dividend up 6.5%
· Interim dividend up 6.5% to 5.22p (H1 2012: 4.90p)
Record flows driving strong growth in revenue
Record long-term savings new business sales and Group net inflows
· Group assets under administration of £232.8bn (FY 2012: £218.1bn) and Group net flows of £6.5bn (H1 2012: £0.7bn)
· Long-term savings new business sales of £12.2bn (H1 2012: £10.1bn)
· Long-term savings net inflows of £2.5bn1 (H1 2012: £1.6bn1) including gross inflows of £11.8bn1 (H1 2012: £10.2bn1)
· Standard Life Investments third party net inflows of £7.1bn1 (H1 2012: £0.6bn1) of which 51% from outside UK
· Standard Life Investments third party assets under management (AUM) of £93.4bn (FY 2012: £83.0bn)
Strong growth in fee based revenue driving Group operating profit performance
· Fee based revenue increased by 14% to £694m (H1 2012: £610m)
· Lower unit costs with acquisition costs of 130bps (FY 2012: 156bps) and maintenance costs of 41bps (FY 2012: 45bps)
· Operating profit2 before tax up 6% to £304m (H1 2012: £286m3) including
· 28% increase in UK operating profit with strong momentum in both our retail and corporate businesses
· 37% increase in Standard Life Investments operating profit with excellent investment performance and exceptionally strong net inflows
· £14m increase in financing costs from debt issued in H2 2012 at attractive interest rates
· IFRS profit after tax attributable to equity holders of £129m (H1 2012: £238m3) reflecting the expected increase in the tax charge and impact of rising yields on debt securities
Continued strong balance sheet
· EEV operating capital and cash generation of £231m (H1 2012: £279m3) reflects a lower back book management contribution in the period
· IGD surplus of £3.7bn (FY 2012: £4.1bn), following the payment of the 2012 final and special dividends of £532m, remains relatively insensitive to market movements
Progressive interim dividend up 6.5%
· Interim dividend up 6.5% to 5.22p (H1 2012: 4.90p)
skinny
- 08 Aug 2013 09:36
- 99 of 157
30+p turn this morning for the brave!
skinny
- 30 Oct 2013 07:08
- 100 of 157
Interim Management Statement
Increase in Group AUA driving 15% growth in fee based revenue
· Group assets under administration (AUA) increased by 9% to £237.6bn (FY 2012: £218.1bn; Q3 2012: £211.9bn)
· Group AUA net inflows of £7.7bn1 (2012: £3.0bn)
· Fee based revenue increased by 15% to £1,059m (2012: £923m) in the first nine months of the year
Continuing strong growth in fee based propositions in our UK long-term savings business
· UK corporate pension AUA up 11% to £27.3bn (FY 2012: £24.5bn) with net flows in the quarter up 29%
o We have secured 195,000 new customers who will contribute to future growth in AUA
o Our pipeline of secured corporate business is strong with increased take-up of our investment solutions
· UK retail new AUA increased by 28% to £36.7bn (FY 2012: £28.7bn)
o Net inflows in the quarter 35% higher than Q3 2012
o Number of IFA users on our Wrap platform has increased by 20% to 5,056 (FY 2012: 4,206)
o Standard Life Wealth AUA increased by £3.2bn to £5.5bn following the acquisition of Newton Private Clients1
Standard Life Investments delivers record third party AUM and strong investment performance
· Third party AUM up 13% to £94.2bn (FY 2012: £83.0bn; Q3 2012: £78.8bn)
· Third party net inflows of £8.3bn2 (2012: £3.2bn2) including net inflows into our multi-asset solutions of £1.1bn in the quarter
· Investing to diversify asset mix, launching new products, and expanding geographic reach
· Strong investment performance with 87%, 89% and 91% of third party AUM above benchmark for one, three and five years respectively
Strong balance sheet
· Estimated IGD surplus of £3.7bn (HY 2013: £3.7bn; FY 2012: £4.1bn; Q3 2012: £3.4bn) following acquisition of Newton Private Clients
Increase in Group AUA driving 15% growth in fee based revenue
· Group assets under administration (AUA) increased by 9% to £237.6bn (FY 2012: £218.1bn; Q3 2012: £211.9bn)
· Group AUA net inflows of £7.7bn1 (2012: £3.0bn)
· Fee based revenue increased by 15% to £1,059m (2012: £923m) in the first nine months of the year
Continuing strong growth in fee based propositions in our UK long-term savings business
· UK corporate pension AUA up 11% to £27.3bn (FY 2012: £24.5bn) with net flows in the quarter up 29%
o We have secured 195,000 new customers who will contribute to future growth in AUA
o Our pipeline of secured corporate business is strong with increased take-up of our investment solutions
· UK retail new AUA increased by 28% to £36.7bn (FY 2012: £28.7bn)
o Net inflows in the quarter 35% higher than Q3 2012
o Number of IFA users on our Wrap platform has increased by 20% to 5,056 (FY 2012: 4,206)
o Standard Life Wealth AUA increased by £3.2bn to £5.5bn following the acquisition of Newton Private Clients1
Standard Life Investments delivers record third party AUM and strong investment performance
· Third party AUM up 13% to £94.2bn (FY 2012: £83.0bn; Q3 2012: £78.8bn)
· Third party net inflows of £8.3bn2 (2012: £3.2bn2) including net inflows into our multi-asset solutions of £1.1bn in the quarter
· Investing to diversify asset mix, launching new products, and expanding geographic reach
· Strong investment performance with 87%, 89% and 91% of third party AUM above benchmark for one, three and five years respectively
Strong balance sheet
· Estimated IGD surplus of £3.7bn (HY 2013: £3.7bn; FY 2012: £4.1bn; Q3 2012: £3.4bn) following acquisition of Newton Private Clients
skinny
- 31 Oct 2013 08:42
- 101 of 157
Take your pick!
J P Morgan Cazenove Overweight 354.05 430.00 430.00 Reiterates
Barclays Capital Underweight 354.05 - - Reiterates
Nomura Reduce 354.05 351.00 337.00 Reiterates
Deutsche Bank Buy 354.05 425.00 425.00 Retains
J P Morgan Cazenove Overweight 354.05 430.00 430.00 Reiterates
Barclays Capital Underweight 354.05 - - Reiterates
Nomura Reduce 354.05 351.00 337.00 Reiterates
Deutsche Bank Buy 354.05 425.00 425.00 Retains
skinny
- 08 Jan 2014 11:12
- 102 of 157
Approaching last Autumns high "W".
From yesterday :- JP Morgan Cazenove Overweight 369.65 430.00 - Reiterates
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
;MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
From yesterday :- JP Morgan Cazenove Overweight 369.65 430.00 - Reiterates
skinny
- 15 Jan 2014 09:30
- 103 of 157
Credit Suisse Outperform 382.75 377.10 362.00 425.00 Upgrades
skinny
- 22 Jan 2014 07:40
- 104 of 157
RBC Capital Markets Outperform 383.90 383.90 400.00 450.00 Upgrades
skinny
- 30 Apr 2014 07:07
- 105 of 157
Interim Management Statement
Continued growth in assets and excellent investment performance
· Assets under administration up 1.5% to £247.8bn (31 December 2013: £244.2bn, 31 March 2013: £233.1bn) driven by net inflows of £2.4bn
· Ongoing momentum in fee business with fee revenue up 12% to £374m
· Continued excellent investment performance at Standard Life Investments
· Announced acquisition of Ignis Asset Management enhancing Standard Life Investments' strategic positioning
· Well positioned for changes announced in the UK Budget and other regulatory developments
· Strong balance sheet with an estimated IGD surplus of £3.9bn
Continued growth in assets and excellent investment performance
· Assets under administration up 1.5% to £247.8bn (31 December 2013: £244.2bn, 31 March 2013: £233.1bn) driven by net inflows of £2.4bn
· Ongoing momentum in fee business with fee revenue up 12% to £374m
· Continued excellent investment performance at Standard Life Investments
· Announced acquisition of Ignis Asset Management enhancing Standard Life Investments' strategic positioning
· Well positioned for changes announced in the UK Budget and other regulatory developments
· Strong balance sheet with an estimated IGD surplus of £3.9bn
skinny
- 05 Aug 2014 07:26
- 106 of 157
Half Yearly Report - Part 1 of 5
Continuing delivery of growth and performance
· Strong operational performance with fee business revenue up 12%1 to £758m
· Assets under administration up 4% to £254.1bn, driven by strong net inflows of £4.6bn
· Business unit underlying performance* up 7% to £367m
· Operating profit2 before tax up 12% to £339m
· Acquisition of Ignis Asset Management enhances strategic positioning, and accelerates growth and returns for shareholders
· Strong balance sheet and cash3 generation up 8% to £250m
· Interim dividend up 7.3% per share to 5.60p
Continuing delivery of growth and performance
· Strong operational performance with fee business revenue up 12%1 to £758m
· Assets under administration up 4% to £254.1bn, driven by strong net inflows of £4.6bn
· Business unit underlying performance* up 7% to £367m
· Operating profit2 before tax up 12% to £339m
· Acquisition of Ignis Asset Management enhances strategic positioning, and accelerates growth and returns for shareholders
· Strong balance sheet and cash3 generation up 8% to £250m
· Interim dividend up 7.3% per share to 5.60p
Haystack
- 23 Aug 2014 21:30
- 107 of 157
./
skinny
- 04 Sep 2014 07:49
- 108 of 157
Displosal
Standard Life plc ("Standard Life" or the "Group") today announces the sale of its Canadian business, comprising Standard Life's Canadian long-term savings and retirement, individual and group insurance business (Standard Life Financial Inc.) and Canadian investment management business (Standard Life Investments Inc.), to The Manufacturers Life Insurance Company ("MLC"), a subsidiary of Manulife Financial Corporation ("Manulife") for a total cash consideration of C$4.0bn (equivalent to £2.2bn) at closing (the "Sale"). Standard Life's global asset management business, Standard Life Investments, has also entered into a global collaboration agreement with Manulife (the "Global Collaboration Agreement"). Following completion of the transaction, Standard Life expects to return £1.75bn (equivalent to 73p1 per share) of capital to shareholders by way of a B/C share scheme.
The Board intends to complete the return of capital by way of a B/C share scheme to give Standard Life shareholders based in the UK the flexibility to receive their proceeds as income or capital. Following the return of capital, Standard Life intends to carry out a share consolidation.
The Sale is another major step in furthering Standard Life's strategy to build a global investment solutions business, accelerating the growth profile of the Group through: focusing on its market-leading fee-based investment management and savings businesses; reducing Standard Life's exposure to spread/risk income; and advancing Standard Life Investments' global distribution and growth prospects through wider collaboration with Manulife. The Sale, the capital return and Standard Life Investments' strengthened relationship with Manulife are consistent with the Group's simple business model: increasing assets, maximising revenue and lowering unit costs while optimising the balance sheet.
Standard Life plc ("Standard Life" or the "Group") today announces the sale of its Canadian business, comprising Standard Life's Canadian long-term savings and retirement, individual and group insurance business (Standard Life Financial Inc.) and Canadian investment management business (Standard Life Investments Inc.), to The Manufacturers Life Insurance Company ("MLC"), a subsidiary of Manulife Financial Corporation ("Manulife") for a total cash consideration of C$4.0bn (equivalent to £2.2bn) at closing (the "Sale"). Standard Life's global asset management business, Standard Life Investments, has also entered into a global collaboration agreement with Manulife (the "Global Collaboration Agreement"). Following completion of the transaction, Standard Life expects to return £1.75bn (equivalent to 73p1 per share) of capital to shareholders by way of a B/C share scheme.
The Board intends to complete the return of capital by way of a B/C share scheme to give Standard Life shareholders based in the UK the flexibility to receive their proceeds as income or capital. Following the return of capital, Standard Life intends to carry out a share consolidation.
The Sale is another major step in furthering Standard Life's strategy to build a global investment solutions business, accelerating the growth profile of the Group through: focusing on its market-leading fee-based investment management and savings businesses; reducing Standard Life's exposure to spread/risk income; and advancing Standard Life Investments' global distribution and growth prospects through wider collaboration with Manulife. The Sale, the capital return and Standard Life Investments' strengthened relationship with Manulife are consistent with the Group's simple business model: increasing assets, maximising revenue and lowering unit costs while optimising the balance sheet.
skinny
- 04 Sep 2014 07:56
- 109 of 157
Deutsche Bank Buy 386.10 386.10 428.00 455.00 Reiterates
Berenberg Hold 416.80 370.00 370.00 Reiterates
Panmure Gordon Buy 416.80 420.00 420.00 Reiterates
Berenberg Hold 416.80 370.00 370.00 Reiterates
Panmure Gordon Buy 416.80 420.00 420.00 Reiterates
cynic
- 04 Sep 2014 08:13
- 110 of 157
i've had these poxy shares since the outset and now cannot even remember how may of them i have .... anyway, a nice 73p extra divi will be very welcome
skinny
- 10 Sep 2014 12:03
- 111 of 157
Standard Life reacts to possible Scottish independence
Standard Life's chief executive, David Nish, has written to the Scottish money manager's customers explaining how it will protect their interests in the event of Scots voting for independence.
He says that it could transfer pensions, investments and other long-term savings held by UK customers to new regulated companies set up in England.
Standard Life's chief executive, David Nish, has written to the Scottish money manager's customers explaining how it will protect their interests in the event of Scots voting for independence.
He says that it could transfer pensions, investments and other long-term savings held by UK customers to new regulated companies set up in England.
skinny
- 11 Sep 2014 11:12
- 112 of 157
Publication of Circular/Notice of General Meeting
Standard Life plc: Publication of Circular and Notice of General Meeting
Further to the announcement made on 4 September 2014, Standard Life plc ("the Company") has today published and sent to all shareholders a circular ("the Circular") in relation to the proposed sale of Standard Life's Canadian business ("the Disposal"). The Circular has been prepared in accordance with the Listing Rules of the Financial Conduct Authority and has been approved by the UK Listing Authority.
The Disposal is subject to the approval of shareholders, and, accordingly, the Circular contains a notice convening a General Meeting of the Company which is to be held at 2pm on 3 October 2014 at 155 Bishopsgate, London EC2.
A copy of the Circular and the Notice of General Meeting are available for viewing on the Company's website at www.standardlife.com.
Here is the link to the General Meeting & Circular details
Standard Life plc: Publication of Circular and Notice of General Meeting
Further to the announcement made on 4 September 2014, Standard Life plc ("the Company") has today published and sent to all shareholders a circular ("the Circular") in relation to the proposed sale of Standard Life's Canadian business ("the Disposal"). The Circular has been prepared in accordance with the Listing Rules of the Financial Conduct Authority and has been approved by the UK Listing Authority.
The Disposal is subject to the approval of shareholders, and, accordingly, the Circular contains a notice convening a General Meeting of the Company which is to be held at 2pm on 3 October 2014 at 155 Bishopsgate, London EC2.
A copy of the Circular and the Notice of General Meeting are available for viewing on the Company's website at www.standardlife.com.
Here is the link to the General Meeting & Circular details
skinny
- 19 Sep 2014 11:26
- 113 of 157
Panmure Gordon Buy 420.25 415.70 420.00 465.00 Reiterates
Deutsche Bank Buy 420.25 415.70 - 455.00 Reiterates
Deutsche Bank Buy 420.25 415.70 - 455.00 Reiterates
skinny
- 29 Oct 2014 07:01
- 114 of 157
Interim Management Statement
Focus on fee business driving growth
· Assets under administration from continuing operations up to £290.0bn driven by good net inflows of £4.3bn and acquisition of Ignis Asset Management
o In the UK we have added 290,000 new customers through auto enrolment year to date and over 500,000 since auto enrolment began
o UK retail and corporate fee business AUA now over £100bn
o SLI continues to deliver strong investment performance in volatile markets with third party AUM from continuing operations now £158.9bn and integration of Ignis progressing well
· Fee revenue from continuing operations up 13% to £1,032m year to date including acquisitions
· Proposed disposal of Canadian operations1 increases focus on fee business and enables £1.75bn planned return of capital to shareholders
· Strong and resilient balance sheet with an estimated IGD surplus of £3.3bn before the sale of Canadian operations
Focus on fee business driving growth
· Assets under administration from continuing operations up to £290.0bn driven by good net inflows of £4.3bn and acquisition of Ignis Asset Management
o In the UK we have added 290,000 new customers through auto enrolment year to date and over 500,000 since auto enrolment began
o UK retail and corporate fee business AUA now over £100bn
o SLI continues to deliver strong investment performance in volatile markets with third party AUM from continuing operations now £158.9bn and integration of Ignis progressing well
· Fee revenue from continuing operations up 13% to £1,032m year to date including acquisitions
· Proposed disposal of Canadian operations1 increases focus on fee business and enables £1.75bn planned return of capital to shareholders
· Strong and resilient balance sheet with an estimated IGD surplus of £3.3bn before the sale of Canadian operations
Chris Carson
- 10 Nov 2014 23:34
- 115 of 157
Chart looks good, as long as markets don't tank tomorrow. May be worth a spread bet. Closed just above 50DMA today, initial target 420.0 stop just below 50DMA. See how it opens in the morn.
Chris Carson
- 10 Nov 2014 23:35
- 116 of 157
skinny
- 11 Nov 2014 06:47
- 117 of 157
420 looks a reasonable target.
Chris Carson
- 11 Nov 2014 08:16
- 118 of 157
Give it a bash in @ 406.62 (Dec) SB tight stop 396.0
skinny
- 20 Feb 2015 07:02
- 119 of 157
Final Results - Part 1 of 8
Increased focus on fee business driving growth and performance
· Assets under administration from continuing operations increased by 38% to £296.6bn, driven by net inflows, positive market movements and the acquisition of Ignis Asset Management:
o SLI continues to deliver strong investment performance in volatile markets with total AUM from continuing operations now £245.9bn
o UK retail and corporate fee business AUA up 7% to £102.8bn
o During the year we have added over 340,000 new customers in the UK through auto enrolment and over 560,000 since auto enrolment began
· Fee based revenue up 14% to £1,433m including benefit of Ignis acquisition in second half of the year
· Group underlying performance* up 21% to £561m and operating profit1 before tax from continuing operations up 19% to £604m
· Sale of Canada increases focus on fee business and enables proposed return of £1.75bn to shareholders
· Strong and resilient balance sheet with IGD surplus of £2.9bn and Group underlying cash generation2 up 21% to £408m
· Final dividend of 11.43p making a total of 17.03p, up 7.8%, for the year
David Nish, Chief Executive, commented:
"Standard Life has continued to perform well driven by a focus on delivering value for money for our customers and clients. We have increased revenues, profits and cash generation and now have assets under administration of almost £300bn.
"We have made good strategic progress during the year with the acquisition of Ignis Asset Management and the sale of our Canadian operations increasing focus on fee business and enabling a £1.75bn return to shareholders. We are also well positioned to deal with the far-reaching reforms to the savings and retirement income rules in the UK and to support customers through these changes. Standard Life Investments has continued to perform strongly and expand internationally.
"Although investment markets are unsettled and may affect the near-term pace of asset and revenue growth, we are very well placed for the future. We have an excellent track record of succeeding in evolving markets and have the products, experience and proven investment performance to help our customers and clients in all of our markets to save and invest, so that they can look forward to their financial futures with confidence."
Increased focus on fee business driving growth and performance
· Assets under administration from continuing operations increased by 38% to £296.6bn, driven by net inflows, positive market movements and the acquisition of Ignis Asset Management:
o SLI continues to deliver strong investment performance in volatile markets with total AUM from continuing operations now £245.9bn
o UK retail and corporate fee business AUA up 7% to £102.8bn
o During the year we have added over 340,000 new customers in the UK through auto enrolment and over 560,000 since auto enrolment began
· Fee based revenue up 14% to £1,433m including benefit of Ignis acquisition in second half of the year
· Group underlying performance* up 21% to £561m and operating profit1 before tax from continuing operations up 19% to £604m
· Sale of Canada increases focus on fee business and enables proposed return of £1.75bn to shareholders
· Strong and resilient balance sheet with IGD surplus of £2.9bn and Group underlying cash generation2 up 21% to £408m
· Final dividend of 11.43p making a total of 17.03p, up 7.8%, for the year
David Nish, Chief Executive, commented:
"Standard Life has continued to perform well driven by a focus on delivering value for money for our customers and clients. We have increased revenues, profits and cash generation and now have assets under administration of almost £300bn.
"We have made good strategic progress during the year with the acquisition of Ignis Asset Management and the sale of our Canadian operations increasing focus on fee business and enabling a £1.75bn return to shareholders. We are also well positioned to deal with the far-reaching reforms to the savings and retirement income rules in the UK and to support customers through these changes. Standard Life Investments has continued to perform strongly and expand internationally.
"Although investment markets are unsettled and may affect the near-term pace of asset and revenue growth, we are very well placed for the future. We have an excellent track record of succeeding in evolving markets and have the products, experience and proven investment performance to help our customers and clients in all of our markets to save and invest, so that they can look forward to their financial futures with confidence."
Chris Carson
- 02 Apr 2015 12:49
- 120 of 157
Wife received a nice divi payment today. Onward and upwards?
Chris Carson
- 02 Apr 2015 12:58
- 121 of 157
Not a divi payment, proceeds from Canadian sale :0)
skinny
- 29 Apr 2015 07:21
- 122 of 157
Q1 AUA and flows update
Strong demand and investment performance driving growth
· Assets under administration1 up 5% to £311.9bn driven by strong net inflows and positive market movements
· Particularly strong third party net inflows and investment performance driving 5% increase in Standard Life Investments total AUM to £258.4bn:
o Third party net inflows (excl. strategic partner life business) of £3.7bn
o 73% of net inflows2 from outside the UK as we continue to expand our global reach
o Third party AUM3 funds ahead of benchmark over 1 year: 73%; 3 years: 94%; and 5 years: 89%
· Continued momentum in our UK business with retail and workplace fee AUA up 6% to £108.5bn driven by net inflows of £1.5bn into our retail new and workplace propositions and positive market movements:
o Wrap platform, including £1bn of net inflows (up 16%), driving growth in retail new AUA to £40bn
o Regular contributions into workplace pensions up 16% year-on-year with AUA now £34bn
o Added 60,000 new savers through auto enrolment, 620,000 since auto enrolment began
Strong demand and investment performance driving growth
· Assets under administration1 up 5% to £311.9bn driven by strong net inflows and positive market movements
· Particularly strong third party net inflows and investment performance driving 5% increase in Standard Life Investments total AUM to £258.4bn:
o Third party net inflows (excl. strategic partner life business) of £3.7bn
o 73% of net inflows2 from outside the UK as we continue to expand our global reach
o Third party AUM3 funds ahead of benchmark over 1 year: 73%; 3 years: 94%; and 5 years: 89%
· Continued momentum in our UK business with retail and workplace fee AUA up 6% to £108.5bn driven by net inflows of £1.5bn into our retail new and workplace propositions and positive market movements:
o Wrap platform, including £1bn of net inflows (up 16%), driving growth in retail new AUA to £40bn
o Regular contributions into workplace pensions up 16% year-on-year with AUA now £34bn
o Added 60,000 new savers through auto enrolment, 620,000 since auto enrolment began
skinny
- 28 Oct 2015 07:08
- 123 of 157
Q3 AUA and flows update
Strong demand in volatile investment markets
Assets under administration1 up 2% to £301.9bn (FY 2014: £296.6bn; Q3 2014: £290.0bn) in volatile markets, driven by strong net inflows of £5.8bn, including net inflows of £2.4bn in Q3 2015
· Standard Life Investments meeting the investment needs of clients across the globe with 3rd party net inflows of £5.3bn (2014: £3.9bn):
o Wholesale and institutional net inflows more than doubled to £10.0bn (2014: £4.4bn) representing annualised 14% of opening AUM, including £2.9bn in Q3 2015 (Q3 2014: £0.4bn)
o 64% of net inflows2 year to date from outside the UK as we continue to expand our global reach
o Third party AUM3 ahead of benchmark over 1 year: 85%; 3 years: 94%; and 5 years: 95%
· UK and Europe business continuing to build momentum with net inflows of £1.9bn (2014: £1.5bn):
o Workplace and retail new fee business net inflows up 20% to £4.4bn (annualised 8.5% of opening AUA) including £1.5bn in Q3 2015 (Q3 2014: £1.3bn)
o Added 190,000 new customers year to date and 70,000 in the quarter through auto enrolment, contributing to 12% increase in regular contributions into workplace pensions
o Increased Wrap4 assets to £23.6bn (up 20% year-on-year) with Wrap net inflows up 25% to £3.3bn including a record £1.2bn in Q3 2015
· Agreed terms to increase stake in HDFC Life from 26% to 35% for c£170m subject to regulatory approval
Strong demand in volatile investment markets
Assets under administration1 up 2% to £301.9bn (FY 2014: £296.6bn; Q3 2014: £290.0bn) in volatile markets, driven by strong net inflows of £5.8bn, including net inflows of £2.4bn in Q3 2015
· Standard Life Investments meeting the investment needs of clients across the globe with 3rd party net inflows of £5.3bn (2014: £3.9bn):
o Wholesale and institutional net inflows more than doubled to £10.0bn (2014: £4.4bn) representing annualised 14% of opening AUM, including £2.9bn in Q3 2015 (Q3 2014: £0.4bn)
o 64% of net inflows2 year to date from outside the UK as we continue to expand our global reach
o Third party AUM3 ahead of benchmark over 1 year: 85%; 3 years: 94%; and 5 years: 95%
· UK and Europe business continuing to build momentum with net inflows of £1.9bn (2014: £1.5bn):
o Workplace and retail new fee business net inflows up 20% to £4.4bn (annualised 8.5% of opening AUA) including £1.5bn in Q3 2015 (Q3 2014: £1.3bn)
o Added 190,000 new customers year to date and 70,000 in the quarter through auto enrolment, contributing to 12% increase in regular contributions into workplace pensions
o Increased Wrap4 assets to £23.6bn (up 20% year-on-year) with Wrap net inflows up 25% to £3.3bn including a record £1.2bn in Q3 2015
· Agreed terms to increase stake in HDFC Life from 26% to 35% for c£170m subject to regulatory approval
Stan
- 19 Feb 2016 07:56
- 124 of 157
kimoldfield
- 19 Feb 2016 17:50
- 125 of 157
Haven't held these for some time, bought back in today - the sp went down thereafter. Typical! :o)
2517GEORGE
- 19 Feb 2016 19:04
- 126 of 157
The power to move markets eh! Kim, you're not alone. Results seem very good and with a 7.8% increase in the annual divi I reckon the board have confidence in their future.
2517
2517
kimoldfield
- 21 Feb 2016 00:50
- 127 of 157
Lol! I'm thinking of starting a 'Do not buy these because I have' thread! 😀
KEAYDIAN
- 22 Feb 2016 08:47
- 128 of 157
I'll subscribe.
kimoldfield
- 22 Feb 2016 08:49
- 129 of 157
Thank you! :o)
skinny
- 24 Feb 2016 10:13
- 130 of 157
Just had a punt @317.50p - sorry! :-)
2517GEORGE
- 24 Feb 2016 10:47
- 131 of 157
The fall in SL. certainly looks overdone in light of what appeared good results and a 7.8% increase in the annual divi.
2517
2517
kimoldfield
- 24 Feb 2016 12:12
- 132 of 157
It's all my fault, or skinny's! :o)
I think it is just the general market nervousness. £4 before you know it!
I think it is just the general market nervousness. £4 before you know it!
2517GEORGE
- 04 Mar 2016 12:04
- 133 of 157
Not skinny's fault, his timing was impeccable.
2517
2517
skinny
- 04 Mar 2016 12:06
- 134 of 157
I have to admit to being closed out yesterday +30.
I hope to buy back before ex-dividend on 14th April.
I hope to buy back before ex-dividend on 14th April.
Chris Carson
- 04 Mar 2016 12:06
- 135 of 157
Good call here skinny :0) I did join you @ 317p but bottled it and out @ 327p Dohhh!
Chris Carson
- 04 Mar 2016 12:12
- 136 of 157
LATEST BROKER VIEWS
Date Broker New target Recomm.
3 Mar Barclays... 486.00 Equal weight
24 Feb Canaccord... 380.00 Buy
23 Feb Deutsche Bank 415.00 Buy
22 Feb JP Morgan... 465.00 Overweight
22 Feb Deutsche Bank 415.00 Buy
19 Feb Canaccord... 435.00 Buy
16 Feb JP Morgan... N/A Overweight
16 Feb Berenberg 377.00 Buy
15 Feb Deutsche Bank 415.00 Buy
15 Feb Nomura N/A Neutral
Broker Recommendations for Standard Life
\
Date Broker New target Recomm.
3 Mar Barclays... 486.00 Equal weight
24 Feb Canaccord... 380.00 Buy
23 Feb Deutsche Bank 415.00 Buy
22 Feb JP Morgan... 465.00 Overweight
22 Feb Deutsche Bank 415.00 Buy
19 Feb Canaccord... 435.00 Buy
16 Feb JP Morgan... N/A Overweight
16 Feb Berenberg 377.00 Buy
15 Feb Deutsche Bank 415.00 Buy
15 Feb Nomura N/A Neutral
Broker Recommendations for Standard Life
\
kimoldfield
- 04 Mar 2016 13:26
- 137 of 157
I'm hanging on, at least I'm in profit at the moment! :o)
skinny
- 04 Mar 2016 13:27
- 138 of 157
Waiting for 1:30........
kimoldfield
- 04 Mar 2016 13:29
- 139 of 157
SP or time?! :o)
skinny
- 04 Mar 2016 13:31
- 140 of 157
Non - Farms just out..
kimoldfield
- 04 Mar 2016 13:38
- 141 of 157
Good news!
Sceptical - 04 Mar 2016 14:46 - 142 of 157
What news?
kimoldfield
- 04 Mar 2016 15:10
- 143 of 157
Ah, hadn't realised my post had opened on a new page! It is the U.S. economy gaining 242,000 jobs last month. Anything positive is good for the stock markets it would seem, but don't expect it to last very long!
skinny
- 04 Mar 2016 15:26
- 144 of 157
Back in @348.50 - basically where I got out!
Also pondering CSN.
Also pondering CSN.
kimoldfield
- 04 Mar 2016 15:42
- 145 of 157
CSN, is that the one with the FCA investigation ongoing skinny?
skinny
- 04 Mar 2016 15:43
- 146 of 157
Yes - bounced off the lows earlier, but still down another 5.7% on the day.
kimoldfield
- 04 Mar 2016 15:43
- 147 of 157
Too risky for me! :o)
kimoldfield
- 04 Mar 2016 15:44
- 148 of 157
I'll stick with SL. for now!
skinny
- 04 Mar 2016 15:46
- 149 of 157
He who dares.... :-)
kimoldfield
- 04 Mar 2016 16:02
- 150 of 157
Lol!
skinny
- 22 Mar 2016 08:59
- 151 of 157
JP Morgan Cazenove Overweight 364.20 465.00 465.00 Reiterates
CC
- 16 May 2016 13:06
- 152 of 157
What's going on with this sector? I'm looking at SL., OML and AV. and all seem overly bashed down.
Picked up a very small amount of AV. last week at 408 and getting tempted by SL. and OML.
Picked up a very small amount of AV. last week at 408 and getting tempted by SL. and OML.
skinny
- 16 May 2016 13:28
- 153 of 157
I'm taking quite a beating in this sector as I have these, LGEN and AV as part of my yield sector in my SIPP.
Chris Carson
- 05 Jun 2016 12:24
- 154 of 157
A bounce here bang on 25DMA or 320p then 310p first? place your bets.
HARRYCAT
- 05 Jul 2016 08:12
- 155 of 157
SL. has suspended trading in it's UK property fund to allow it's managers to process withdrawal requests. The property fund is mostly based on commercial properties in the UK, but the fund is set to shrink dramatically following the Brexit vote.
2517GEORGE
- 07 Aug 2017 14:29
- 156 of 157
Interims tomorrow has been an excellent share to hold.
2517GEORGE
- 08 Aug 2017 10:12
- 157 of 157
Decent results and divi up 8.2% @ 7p
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