Why I just bought Standard Life Aberdeen and Mitie Group shares

first_img  I am looking to make my cash work for me and, given current bank interest rates on savings, I am looking for companies where they offer the possibility of a good dividend and the potential for capital appreciation. When the markets turned down last March, even sound companies were hurt. But those who were digesting takeovers, or were in any way fragile, were unmercifully pummelled by nervous and over anxious investors. Let’s look at two shares that I have just purchased.The first was founded in 1825 – Standard Life Aberdeen (LSE: SLA) – and provides asset management services. The company offers investment solutions and funds, long-term savings and investment products to individual and corporate customers, and life insurance and savings products. It also makes real estate investments.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…DividendsIts dividend yield last year was 7.24%, which makes it very attractive to me as an income share. It is expected to be 6% this year and is normally paid at the end of May. For your information, the record date for the next dividend payment will be around the beginning of April. If you are a shareholder on this date, you are entitled to the forthcoming dividend.Rupert Hargraves of this parish spoke highly of Standard Life in December, and he offered some compelling arguments that this would be its year. These included the fact that the new CEO, Stephen Bird, seemed to be getting to grips with the relatively recently merged entities, Standard Life and Aberdeen Asset Management.Growth potentialAnother company that has had indigestion issues with a takeover is Mitie Group (LSE: MTO). The company was founded in 1987 and, through its through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It acquired Interserve’s facilities management business and had a rights issue to reduce debt levels. The share price fell from 80p to nearly 35p this past year.Kirsteen Mackay covered the price plunge at the time, and highlighted the potential upside once the dust settled. Investors who bought at that point would be up 20% now.In late November 2020, Mitie revealed that while profits and revenues fell in the first half, they were profitable. “Our financial performance in the first six months of the year proved more resilient than expected with a much improved second quarter,” Chief Executive Officer Phil Bentley said.A great sign of confidence is the fact that senior executives have been buying at the 43p mark (at this moment, Mitie shares are trading at 42p). After all, they know how well they are doing on a day-to-day basis. Michael Breen | Tuesday, 26th January, 2021 | More on: MTO SLA Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Why I just bought Standard Life Aberdeen and Mitie Group shares Michael Breen owns shares in Standard Life and Mitie Group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 5 Stocks For Trying To Build Wealth After 50 Simply click below to discover how you can take advantage of this. Enter Your Email Address Click here to claim your free copy of this special investing report now! See all posts by Michael Breenlast_img

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