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agree with that
Ignore Porsche he/she trolls the boards on any negative news spouting the usual UK/ Brexit drivel.
According to his latest ramblings from Turks and Caicos or his Monaco apt! (both mentioned in previous posts) UK Plc is doomed, same old twaddle posted on a different board ......
Hopefully nobody takes these Porche statistics seriously. All UK indexes are above where they were 22 years ago. Granted the ftse 100 as an index has been a poor relative investment but it’s full of cyclical and asset heavy companies but is still 500 pts above its long standing high in 1999/2000 just under 7000. The ftse all share is 35pc higher and the ftse 250 which more accurately measures the UK economy (as an index) than the bigger indexes is up 200pc since 2000. Granted again not as good as US indexes. As for Abrdn, the drop in AUM is largely either market related or the last tranche of the LBG asset switch which was from memory £+_ 100bn over a period of years and all known about in previous company reports.
Sooner or later an asset manager with a low suffering share price may get taken over which would reset valuations for all. The latest interim report was very focussed on shareholder returns so I will let time play its role here rather than worry about the share price.
Very well summed up, Porsche. I have argued these points for years, but some still stubbornly refuse to accept the reality. The UK market has become such a toxic place for genuine investors that I now only trade short-term in the UK and add US stocks to the long-term portfolio. Doom, gloom and uncertainty simply undermine any confidence and rallies rarely last. Inevitably, there'll be a few exceptions that will prove the rule. I still hold a fair proportion of oil & gas juniors, but I fear the bears will control many sectors for the foreseeable future.
Terminal rubbish, dividend will be cut, AUM walking out the door fast, terrible management and Aberdeen have sunk Standard basically, its like when lloyds bought hbos. Will be sub a quid a share, whole ftse below where it was 22 years ago and sterling at 1.18 ( 2.07 under Blair ) Tories have been a disaster for everything, brexit the real killer. Inflation in France 6.2 and falling, UK 10.3 slated to go to 13.4 by Dec.
and recovering now
beyond my shortsighted view I guess, they must have some reasoning behind it.
On a brighter note, at least the SP only fell today by the divi amount (so far) unlike others that have dropped 2x the divi value
Didn't BT sell MM02 as they saw no future in mobile telephony? Plonkers!
And they raise funds by selling their growth asset in India, now reduced to a 10% holding. Other than a ready source of funding I don’t understand the logic of selling part of the group that is growing and expected to grow in the future.
12 August 2022
abrdn takes stake in digital exchange
abrdn has concluded a deal to become the largest external shareholder in Archax, the UK’s first regulated digital
securities exchange.
Archax has been set up to provide access for institutional investors to blockchain-based digital assets, acting as a
bridge to traditional capital markets.
Established four years ago, Archax is the first and only digital securities exchange that has won approval from the
FCA with permissions covering trading, custody and brokerage. The exchange will launch later this year.
abrdn CEO Stephen Bird said;
“Blockchain technologies are inevitably going to form a big part of the future of financial markets. There is the
potential to offer greater transparency, greater speed and less trading friction by using these nascent digital
technologies.
“Archax is one of the most promising UK players in this next expected high growth area in finance - the use of
digital and tokenized securities with same-day settlement. In that sense, the growth of the digital investment
market is about much more than cryptocurrencies.
“With Archax, we will have a meaningful footprint in this fast-developing market – which is likely to evolve in a
multitude of different ways that are relevant to our core businesses. This investment not only provides an
opportunity for substantial financial benefits, it also creates a partnership with some of the leading thinkers in an
area that has the potential to play a substantial role in the future of finance.”
Working with Archax, abrdn aims to use the venue as a route through which investors can access new
investment opportunities through digital securities, connect to existing offerings in a new way through
tokenisation and facilitate a shift towards greater operating efficiencies through the adoption of new
technologies like blockchain.
Archax has been designed specifically for institutional investors to trade in all types of digital assets, from cryptocurrencies
to digital securities. It is built using existing, proven, resilient, scalable, high-performance exchange infrastructure, hosted in
top-tier datacentre space, and integrated into the existing institutional trading workflow
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https://www.ft.com/content/3261f919-ca98-41d2-b950-bc3a670f994c?sharetype=blocked
Big-name money managers are stampeding into digital assets, finding new ways to monetise investor interest even as trading volumes and prices for bitcoin and other cryptocurrencies have slumped.
FTSE 100-listed Abrdn this week became the latest investment house to take the plunge, by buying a s