Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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As I’ve stated before £1.84 is my target to sell ,this gives me a 20% profit,then wait till next dividend and most likely SP will drop to allow me to buy back in.
9.9%.....pretty healthy
Looks like it, next target for me is 154p
Worth noting also some pretty chunky volume over the last 2 sessions, above the norm.
Apr 25, 2024 138.30 144.85 137.70 141.15 141.15 12,594,884
Apr 24, 2024 145.00 145.00 137.10 138.95 138.95 15,038,534
Dont get me started on the name change. what clown came up with that idea ? should never have done the deal with aberdeen in the first place.
Have owned since flotationsince, as posted before and dividends alone have more that recouped the initial investment many years ago.
Detested the abdn name change but have traded my average to a ridiculously low average, even recently, the moves from pre div 151/2p, capturing 136-145-137-144-135-144 repeatedly - garners neat adds while keeping the average low. £600/ £800 every few days soon adds up in an ISA holding.
Mary i hope you are right. doubt i will ever get my money back though. bought at 450. 350. 250. and recently at 143. suppose at least above last purchase lol.
With a 14p+ dividend this is heading back to the 160p/180p range in the next 6 months. Will lighten up as it rises above 152p as instinct made me add and trim at every blip up and down and overinvested here.
Bid interest will shoot to 220 /240p, when rather than if IMHO.
Green555 - p2 of the 2023 Annual report gives operating profit at ii as £114m. Looks like some advance buying yesterday as the price has fallen back since the Q1 results were issued.
Operating profit was £94Mill last year so probably higher than £100mil this year
https://www.thisismoney.co.uk/money/markets/article-11801777/Abrdn-loss-sees-profits-interactive-Investor-double.html
Llucan I agree with your sentiment.
How did you come to getting 100 mil from ii
"One swallow does not make a summer" but the first quarter results are encouraging.
As the divi is paid next week I think there could be more upside over the next few days. I would be nervous of being short in this share. I would say more upside than downside now.
Key highlights
- AUMA growth of 3% to £507.7bn reflecting stronger markets and positive net flows
- Continued organic growth in interactive investor, with customer numbers up to 414k
- Actions underway to address outflows in Adviser and equities
- Implementation of cost transformation on track
Another quality ftse 350 dividend share😂😂😂. Uk listed shares now known as “ the bug zapper trade “. You dip your toe in and actually buy any of the capital destructive brexit basket case rubbish and your diminishing wealth just gets zapped/vaporised😂😂
Personally I do not think anyone will come forward to buy it in the present climate. Fund managers are really out of favour.
I also do not think the divi will be cut from 14.6p.
£494 billion under management, an 11% share in phoenix giving 60 million a year in divi and 100 million from ii.
The company should be able to generate enough to cover the 14.6p divi.
With a 6 month view and a 14.6p dividend whis seems to be an easy add.
At the current market cap it would be a gift. Even I am running the slide rule over it :)
Is there any chance someone might consider a takeover?
GutterS, it's a easier read , Sp looking better today , but I baled other week for a pittance, 1.368p to 1.4303p , payday still to come in theory should go higher...atb
Just bought in at £1.3689
Flingers crossed
Has anyone worked out what the average price Abdn have paid over the years on their share buyback programme? Truly this is a waste of shareholders’ money….doesn’t the BOD have a responsibility to protect shareholders interests?
A chap called Anthony Miller posted on Linked In: " I invariably describe the company as having lost its vowels in a tragic rebranding accident." Arf!
This turd of a share shocking even by dog index of the world ftse 350 brexit basket case standards. Standard life merging with Aberdeen was a terrible stitch up and shareholders have been well and truly fxcked. They now call buying U.K. shares
“ the bug zapper trade “ 😂😂 terminal like the U.K. in general, buy US.
As I used to say to IFAs and customers, "it is above my pay grade" https://www.bbc.co.uk/news/business-68769562 - or should that have been "t's abv m p grd". When they throw away £50m plus on trying to ramp the SP and however much they spent on this exercise, it makes packing the contact centre off to the wilds of west Edinburgh to save £1m look ridiculous.
This is the 'calibre' of people running this appalling ****show - crying about "corporate bullying" from the media!
They will not admit the abject failure of their puerile rebranding, and this company (and its share price) will do nothing until they face the facts, admit the egg has run down their faces and solidified into a putrid mass and grow up.
https://stocks.apple.com/A9Nb3ZcH8T4a05bRyiBpYuA