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Posted by user unastubbs over at advfn: https://www.standard.co.uk/business/abrdn-boss-ceo-pay-bonus-funds-shareholders-customers-aberdeen-asset-management-standard-life-b1141743.html
Well have held shares in standard life a looong time. also my pension and endowment with standard life. all was good until teamed up with aberdeen. and the stupid idea to change name to abrdn. but dont see the point of getting out now as would lose so much. as stupidly bought in again when dropping at 450. 350 . 250. doubt can get lower so just have to hold to at least get the div each year.
Hit the trim button at 171 and surprised that this is already at the rebuy levels. Pity I did not exit completely however onwards and upwards so am ready poised with the re-add button. Stalking ABDN down.
14p plus dividend - who cares about the SP.
So after the presentation I feel that there might be some green shoots and a corner might be being turned. So I have decided to add at the 9% divi yield.
This was one of my better performers with nice dividends then took a nasty turn loosing capital as fast as letters! If its any consolation I bought with my free ii trading credit. Every little bit helps
You’d be better off buying Bitcoin than this brexit damaged U.K. dividend dross and losing half your capital. Net outflows from funds every year since 2016, it can only go down, it’s maths I’m afraid. U.K. is doomed as reflected in its dog index of the world and crushed sterling.
I think the share price will drift up over the next few weeks since in my experience "shorters" hate paying out divi's.
15 March is cut off for a payment on 30 April.
I am neutral on the results and will hold for now. The regular divi helps.
The company always uses the "adjusted figures".
Just shows how corrupt the UK stock market is, within 2.5hr of trading the deserved opening gain was slowly eroded by shorter's working en-mass to regain control of SP. We have a confirmed 9% yield ffs
aimo & dyor
Dedino he marched them to the top of the hill ...............................
Under water now albeit it was supposed to be a down day away
I noted the EPS was below the divi amount but in the presentation they say cover 1.12 times and looking for 1.5 times.
Adjusted capital generation was £299 million this year. Up from £259 last year.
The BOD have reiterated that they will not increase the divi until capital generation is 1.5 times the divi payout.
The divi payout this year, 14.6p, cost £269 million.
So adjusted capital generation needs to be above £400 million before they increase the divi.
I suppose there is an outside chance this may happen in 2025.
He got way off his potential maximum bonus. It is a pretty bad industry to be in at the moment. With these results he has bought himself another year. I am optimistic the tide will turn for ABDN this year. "ii" shoudl be fine. "Advisor" division seems to be doing well. It is just "Fund manager " part £494 billion which is bad. They also own 10% of phoenix so a divi of £50 million a year is pretty much guranteed.
Bonus of £800k for Bird is a reward for failure.
On the right track. As long as they can maintain the dividend at 14.6p a year I am happy.
It seems that they will probably be able to do this. The adjusted earnings per share is 13.9p so not quite covering the divi.
I think these results means that the share price will "tread water" for the next 12 months. I would not want to be short in this share though since Bird does seem to be making progress.
With the way this company has performed over the last two years a bonus of £800k for Bird is hardly justified is it?
My bad it was 7.3 last year sorry
We got 7.6 last year and getting 7.3 this years it went down why is it good ?
All looking good and weird i'm a holder and now use them in the form of ii
Up we go this morning
Time for a new management!
Well pretty much as expected and gratefully received. Dividend 7.3pps Xd 14 Mar 24. Paid 30 Apr 24 & Dividend 7.3pps Xd 15 Aug 24. Paid 24 Sep 24. Good return. Continued good fortune to one and all. Rgds, S
Lots of poor metrics. The only thought was it's getting less bad.
They seem to think they can turn it around before they run out of money. I hope so. They need to work on their technology, the results page on their website takes you to 2022. Maybe the coder overslept.
Dividend maintained.
The Board has recommended a final dividend for 2023 of 7.3p (2022: 7.3p) per share. This is subject to shareholder approval and will be paid on 30 April 2024 to shareholders on the register at close of business on 15 March 2024.
Off to find the presentation now.
The cash cow will attract a bid over time. Adding.
Long-term very dissatisfied Standard Life holder here. Bird has had three years and the merger with Aberdeen has proved a financial disaster. In a world filled with Nvidia's Meta's and Microsoft's, abrdn with its' dumb name has proved a veritable dog of the first order, while good profits are being made elsewhere.
Is it time to euthanise the beast, flog off the parts and hand the cash back to shareholders, via an orderly liquidation?