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As long as they dont go bust and keep paying a decent divi the price can stay as low as it like, I am reinvesting my divi till i retire in 6 years so the lower the price the more shares i get
Praying the Abdn results on 28th Feb are decent and the share price keeps climbing.
I bought £750 at 153p. I bought £600 more at 211p yesterday. Wont be buying more but will possibly reinvest divi
I am a long term holder. The business is much simpler now. The re****s come out on the 28 Feb, I believe and hope that the results will surprise to the upside. Regardless I am sure the divi will be kept at 7.3p.
I'd be careful there about thinking of the company as very profitable. The company was loss-making at half year results 2022.
FY2021 made a profit of 1.115bn after recognising a gain on its strategic shareholdings of 1.2bn. FY 2021 was a profit of 838m after gains on shareholdings that were greater than that.
The results aren't great if you strip out the gains from selling down holdings in Phoenix, Parmenion and the two HDFC businesses (and the 2021 change in accounting treatment for HDFC AMC= 897m paper gain). They can't sell shares in those businesses every year...
Wow, thank you so much LLucan for that very clear and succinct response to my confusion. It's all history now but I do rue the day when SL of old started to sort of unravel and the Birds of Prey started circling. But as that well known saying goes: ""It is what it is!". Thanks again.
OK I will clarify the events unfolded as follows.
Standard life and Aberdeen merged.
One of the largest clients of the merged group was Scottish widows.
Scottish widows said there was a conflict of interest now with the new merged group Abrdn looking after their asset magmt side.
Both scottish widows and the new group had a general insurance arm.
SO Abrdn kindly agreed to dispose of its general insurance arm to Phoenix for a 20% stake in Phoenix.
Shortly after the deal went through Scottish widows was bought by Lloyds who then decided actually we do not want Abrdn at all.
So Abrdn were fired, however not without a legal fight and substantial compensation being paid by Scotish Widows and LLoyds to Abrdn.
About 2 years ago when the new name was decided upon they decided to sell the standard life name to Phoenix along with a bit of extra business.
So now Phonix owns the standard life name and some of its business. Abrdn had 20% share of Phoenix that has been reduced down to 10% now.
So all the adverts on TV for Standard life are realting to Phoenix.
In the end Abrdn has done quite well since they have ditched all the difficult capital intensive Insurance business.
Now Abrdn owns ii and is just a huge fund manager. Nothing else really. No insurance business.
It has 10% stake in Phoenix and a big stake in an Indian Asset magmt company, HDFC, I think this is valued at about £1 billion.
Clarification needed please. In 2017, Standard Life reached an agreement to merge with Aberdeen Asset Management. It was announced that the merged company was to be named Standard Life Aberdeen (now the unpronounceable Abrdn)
So is Standard Life still part of Phoenix Group? And why is it that the current TV advert, relating to those approaching retirement who are asked to consider whether now is the time to consolidate their pensions, refers to Standard Life? I'm no financial expert but I would appreciate some clarity of this from others more knowledgeable on this Board. Does Standard Life still exist, and if so why are the Shares I purchased in Standard Life upon demutualisation back in 2006 still not trading as Standard Life as a financial entity? Oh how I miss those Standard Life days.
Re the Interactive Website, if you look at the Group by label (at top of investment list) then click the 3 dots. That will allow you to do some reasonably good sorting, for example, views by day price change £/% etc. Makes it better but still way too busy overall.
I am a long term holder and are not unduly worried about the sell recomendations.
My experience is that share tipsters are nearly always wrong. The company is still very profitable. and valued at 7 times earnings. The assets under mgmt should inscrease substantially just because the market has increased. Higher performance fees.
The company has net assets of £7 billion and a mkt value of £4 billion. I am pretty sure the divi will stay at 14.6p per year for a few years. They have masses of reserves and receive £100 million divi income a year from phoenix and India HDFC.
ii I am sure will aslo contribute £60 mill this year. They have wriggle room to get their act together.
ii have taken feedback and done some updates...
The new website is a mess, in desperation I tried the app and am quite impressed, it does what I want and with live prices so all looking good.
Interactive investor inept rabble, dumped them months ago.
I have just been moaning on Lloyds page about the disaster forced onto us by the above. At night I could go on investments , get a view of investments on one page ,a total at bottom , and an overall profit on investments , now not available . Please can we go back to classic view , so simple .It came as a shock last night ,and find the changes difficult. Will probably have to change broker
rebelheart - First port of call might be the price move toward the retracement Fib 61.8 @ 232
Any chartest's out there with a target for this leg up. could we see the years high tested here in the coming weeks..?
Thanks. I only have one hand, with just two functioning fingers, so an app is not good for me. I use a laptop
Hi, I agree their website is rubbish, however I tried their app this morning and currently find it's better but haven't tried it for anything other than looking so far.
...now owned by ABDN, has changed its software and is a shambles. Can anyone recommend an alternative please?
LLucan spoton China was one of the main reasons I invested in ABRDN and still hold for the longer term it would be nice to get a trading update from that division to get a feel on how they are making progress in that market as it's been over 2 years now so hopefully they have made some inroads there by now?
I do not mind the name now. I did at first.
Apparently ABRDN works well in Asia and particularly China which is of course where all the future growth will be.
The "west" is a mature market. The market does get bigger so you just steal market share from a competitor.
China is a hugely growing market so there is plenty for everybody without needing to steal market share.
For me the name is definitely not working. It tried to capitalise on a text-speak trend that was never going to take over from sanctioned orthography. It now dates the company and not in a good way. It's only a matter of time before either the original name is reinstated or something more pronouncable replaces the current letter group, which leaves one wondering if it's a series of initials or a direct translation from Hebrew.*
*Hebrew has no discrete letters corresponding to English vowels.
I suspect many short holders will start closing before the shares go ex div begining of April. Otherwise they will have a cumalitive £7.5 million to pay out just to hold the shorts.
A clear and simple response, thank you Investoroilgas. The mist surrounding financial and market expressions continues to clear!
There are companies who are "shorting" ABDN shares (see ABDN Short positions tab above), TerryMC1 is saying that those companies who are "shorting " i.e. selling ABDN shares to lower the share price will have to start buying back shares to cover their positions.
Essentially, "Shorters" borrow shares & then sell them, hopefully this is useful.