Standard Life Aberdeen for 29/07/2020

#FTSE #Japan Before producing a report, we generally glance at a companies website for a brief update on their basics. Standard Life Aberdeen prove quite challenging, thanks to the corporate website failing to provide clarity or examples on what they actually do to make money. It took a Google search for some clarity, revealing they’re a UK based g lobal investment company headquartered in Edinburgh, Scotland. It is the largest active asset manager in the UK, with investments in equities, multi-asset, fixed income, real estate and private markets.

Standard Life featured in a brief FT article, where politicians were bemoaning office workers opting to remain working from home, leaving city centres bereft of their usual daytime footfall. The usual sandwich and coffee chains complain, despite lockdown easing, their “take” is down by as much as 85%. As we’ve mentioned previously, the new culture of homeworking is liable to give a long term headache for landlords renting office space, especially when corporate entities such as SLA appreciate substantial savings can be made by reducing the size of their office footprint.

 

As for Standard Life share price, it has not yet recovered above the Covid-19 drop level. Thankfully there are early signs giving some slight hope, the value needing exceed 279p to (hopefully) trigger a recovery cycle to an initial 301p. If bettered, our secondary calculates at 345p and an almost certain glass ceiling thanks to the history of prior highs.

If trouble is to be courted, the share needs slither below 234p to justify a raised eyebrow as this risks provoking a reversal path to an initial 158p with secondary, if broken, at 132p. We cannot calculate below 132p at present, so regard this unlikely drop potential as an “ultimate bottom”.

 

For now, the visuals suggest the company shall be worth keeping an eye on as a jump to 301p makes a lot of sense.

Hey, chart goes here

 

FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
9:42:01PM BRENT 43.62
10:02:06PM GOLD 1959.68 Success
10:04:08PM FTSE 6114.26 6083 6060 6026 6121 6152 6163.5 6191 6111
10:07:58PM FRANCE 4917
10:10:25PM GERMANY 12794.36 ‘cess
10:23:24PM US500 3221.92
10:25:20PM DOW 26392 Shambles
10:27:23PM NASDAQ 10566
10:32:27PM JAPAN 22547 22490 22386 22274 22590 22665 22714.5 22789 22552 Success

28/07/2020 FTSE Closed at 6129 points. Change of 0.41%. Total value traded through LSE was: £ 3,978,793,130 a change of -6.88%
27/07/2020 FTSE Closed at 6104 points. Change of -0.31%. Total value traded through LSE was: £ 4,272,805,133 a change of 6.51%
24/07/2020 FTSE Closed at 6123 points. Change of -1.42%. Total value traded through LSE was: £ 4,011,520,814 a change of -5.85%
23/07/2020 FTSE Closed at 6211 points. Change of 0.06%. Total value traded through LSE was: £ 4,260,959,883 a change of -10.5%
22/07/2020 FTSE Closed at 6207 points. Change of -0.99%. Total value traded through LSE was: £ 4,760,873,416 a change of -15.1%
21/07/2020 FTSE Closed at 6269 points. Change of 0.13%. Total value traded through LSE was: £ 5,607,940,554 a change of 26.84%
20/07/2020 FTSE Closed at 6261 points. Change of -0.46%. Total value traded through LSE was: £ 4,421,196,230 a change of -0.8%

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