San Leon Energy (SLE)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

25.50p
   
  • Change Today:
    -1.10p
  • 52 Week High: 42.80p
  • 52 Week Low: 23.25p
  • Currency: UK Pounds
  • Shares Issued: 453.69m
  • Volume: 199,501
  • Market Cap: £115.69m
  • Beta: 0.62

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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 25.50p
Change Today -1.10p
% Change -4.14 %
52 Week High 42.80p
52 Week Low 23.25p
Volume 199,501
Shares Issued 453.69m
Market Cap £115.69m
Beta 0.62

San Leon Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.55% above the market average18.55% above the market average18.55% above the market average18.55% above the market average18.55% above the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Price Trend
8.67% below the market average8.67% below the market average8.67% below the market average8.67% below the market average8.67% below the market average
30.10% above the sector average30.10% above the sector average30.10% above the sector average30.10% above the sector average30.10% above the sector average
Income Not Available
Growth
32.38% below the market average32.38% below the market average32.38% below the market average32.38% below the market average32.38% below the market average
59.38% below the sector average59.38% below the sector average59.38% below the sector average59.38% below the sector average59.38% below the sector average

San Leon Energy Dividends

No dividends found

Trades for 20-Nov-2019

Time Volume / Share Price
10:03 16,500 @ 25.50p
10:03 8,500 @ 25.50p
09:59 1,500 @ 25.50p
09:59 8,500 @ 25.50p
09:46 10,000 @ 25.10p

San Leon Energy Key Personnel

Chair Oisin Fanning
COO Joel Price
CFO Lisa Mitchell

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