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Exactly the same price today as 1 year ago , So that 1/2 billion+ share buy back has worked wonders.
Sold these and lloyds aeons ago at much better prices and split the money into msft and tesla, thank god. Had just read an article which was highlighting non stop capital outflows since brexit, nobody to buy uk shares, and Terry Smith was saying ftse 350 shares mostly garbage, its never too late to dump bad investments and the ftse, like this capital destructive rubbish, is on a one way trip, uk is fxcked and so are the index and currency, come back Tony Blair.
Much the same for myself, have held a small amount of shares for an eternity. Nearly sold at £2.28 before dividend. Wish I had just punted them and moved on.
Share buy back is a disaster , spent a fortune buying them back at what seems too high a price as it continues to fall . Maybe the should halt ,but no,they keep on going.
My wife transferred 500 shares over to me 3wks ago. Now down 30%. I didn't think it would crash the company!!
30% drop in 3 weeks. Useless Directors, poor fund managers and one of the highest fees in pensions. Rip off.
Apologies for the dreadful punctuation etc on my last post. No idea what happened, website glitch perhaps.
well i hovered over the 'sell' button. this has been and continues to be a dreadful investment in my portfolio. my wife received some freebies donkeys ago, reinvested all the dividends and the value would have probably covered a bloody good holiday at its peak. 2 nights in s****horpe currently. disappointing.
Expected more buys ex divi day today
Decided to invest in Abdx instead of this share as it hasn’t dropped below £1.70
After seeing my buy out pension plan consistently underperform from year to year with Standard, it’s no surprise to see the falling share price result of poor management. I do hope the fund managers are on performance related pay . At 5he moment, they are delaying my retiral plans. Haha. As a former Norwich Union salesman, I was a,ways getting Standard life figures flung at me. But they were known as “ selective’ insurer. It’s high time, they were a selective investor. Cash buy backs are NOT a wonderful thing for the private investor ……..speaking as an Aviva investor!
This self serving board are more interested in feathering their own nests than running the company. Buy backs are in their interests and their interests alone. This share is headed for relegation.
Sold at £1.93 with a 17% profit,if it drops below £1.70 ,I may buy back in for the dividend and hope by the next dividend payment I would be in profit again?
Market really not liking the current regime and its agenda, are we looking at being relegated from the ftse again come the next run.
Oh I havent seen this - thank you for the update - time to move my shares. Im so angry with them at the moment. Useless management.
£151 m of buy backs so far on this latest one. Share price heading down a one way street. Absolute garbage.
Could not have put it better myself, as someone said elsewhere “ at least I’ve got my BT shares”
i see the abdrn buy back is working. trash the share price and buy cheap. absolute **** share with the company being run by morons.
Just use iWeb - no monthly fees and cost much less than many investment platforms esp. Interactive Investor.
GL & ATB
Mozart, The changes begin on the 1st september. Monthly fee now 11.99 (from 9.99) 3.99 per trade (from 5.99p) First trade free. I very rarely trade with them so not suitable for me
There will be buys up to thurs this is the usual sell off before ex divi day.
They are still showing as £9.99 and £19.99 for investor services. Are you on about the change in trading credits which occurred about 6 months ago?
Aberdeen has upped it's charges on the Interactive investor platform by some 20% alienating quite a few investors there. I shall be following them and putting my funds elsewhere. Shame they wer a reasonable company untill Aberdeen aquired them !!
In practice I believe the main (if not only) beneficiaries of buy backs are the Board members, whose bonuses are linked to share price performance. The theoretical advantages to retail shareholders seldom seem to be realized in practice. Personally, I'd rather have dividends and enjoy the option of investing them elsewhere if I think that is where better opportunities lay.
Centrica must be one good example of a buyback that has worked well but that started when the shares had been completely oversold and when it was obvious the companies fortunes were changing. It’s also getting extended significantly so will keep their upward curve going. I don’t think the name change is the problem. They had to change it as they don’t own Standard Life brand any more. The problem is most likely too many underperforming and pointless funds in common with many other asset managers. Their ii investment I think will work well as it’s ahead of the curve in the way people want to invest their money. Abrdn obviously feel confident they can keep paying the divi and continue increasing buybacks.
At some point the UK, European and Asian markets will turn at which point things will look better but as we saw last year when confidence in the share evaporated it claws it’s way back with the daily buybacks.
Agreed. Shambles of an organisation. I also have a with profits pension with them with 33yrs contribution. Its value is same as a Pru pension for only 60% of the contributions. Std Life bonus lowered yet again on 1 Aug.