San Leon Energy (SLE)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

24.30p
   
  • Change Today:
    -0.60p
  • 52 Week High: 37.75
  • 52 Week Low: 11.10
  • Currency: UK Pounds
  • Shares Issued: 449.91m
  • Volume: 5,478
  • Market Cap: £109.33m

Jefferies slashes target price for Standard Life Aberdeen, but reiterates 'buy'

By Alexander Bueso

Date: Friday 29 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Jefferies cut their target price for shares of Standard Life Aberdeen from 410.0p to 361.0p, but still saw value in the shares and therefore kept their recommendation at 'buy'.
Commenting on the company's results, the analysts highlighted the fact that assets under management had come in £14.1bn below their forecasts of £551.5bn, but on the flip-side, they said that the group's balance sheet was "solid".

But above all, they called attention to management's commitment to keeping the company's payout at 21.6p per share until growth resumed.

"So, at current levels, SLA will yield over 8% until the dividend starts growing again, after 2021 we expect. With this attractive yield and realisable assets, we still see value in the shares," they said.

To back-up their argument, they also pointed to Standard Life's recent sale of about £380m in shares of HDFC Life which means "we know that SLA is able to realise significant chunks of its non-core assets."

Jefferies had also estimated that the arbitration tribunal's ruling in favour of the wealth manager in its dispute with Lloyds could be worth £250m.

On 15 February, Lloyds rowed back on an agreement for Standard Life Aberdeen to run £109bn of Scottish Widows clients' pension investments, awarding approximately 80% of the mandate to Schroders and the remainder to Blackrock.

But roughly a month later, the tribunal ruled against Lloyds, saying it did not have the legal right to revoke the mandate because it had claimed that Standard Life was not a material competitor.



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San Leon Energy Market Data

Currency UK Pounds
Share Price 24.30p
Change Today -0.60p
% Change -2.41 %
52 Week High 37.75
52 Week Low 11.10
Volume 5,478
Shares Issued 449.91m
Market Cap £109.33m

San Leon Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.04% above the market average17.04% above the market average17.04% above the market average17.04% above the market average17.04% above the market average
5.49% above the sector average5.49% above the sector average5.49% above the sector average5.49% above the sector average5.49% above the sector average
Price Trend
9.88% above the market average9.88% above the market average9.88% above the market average9.88% above the market average9.88% above the market average
66.34% above the sector average66.34% above the sector average66.34% above the sector average66.34% above the sector average66.34% above the sector average
Income Not Available
Growth
19.12% below the market average19.12% below the market average19.12% below the market average19.12% below the market average19.12% below the market average
38.98% below the sector average38.98% below the sector average38.98% below the sector average38.98% below the sector average38.98% below the sector average

San Leon Energy Dividends

  Latest Previous
  Special Final
Ex-Div 07-May-20 n/a
Paid 29-May-20 n/a
Amount 6.00p 0.000¢

Trades for 09-Jul-2020

Time Volume / Share Price
08:30 5,000 @ 24.30p
08:30 478 @ 24.40p

San Leon Energy Key Personnel

CEO Oisin Fanning
COO Joel Price
CFO Lisa Mitchell

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