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If you guys read the news articles, the business being sold has £7.5b assets under management but the sale will raise about £100m, approx 5p per Abdn share. The money raised will be used within Abdn's business.
Gino73
Pocket money really considers:
SWOT Analysis of ABRDN.l
Strengths
Global asset manager with over £500 billion in assets under management
Diversified investment portfolio across a range of asset classes and geographies
Strong track record of investment performance
Well-known and respected brand
A strong team of experienced investment professionals
Weaknesses
High costs
Complex organizational structure
Exposure to market volatility
Competitive industry
Opportunities
Growth in the sustainable investing market
Expansion into new markets
Development of new investment products and services
Partnerships with other financial institutions
Threats
Economic downturn
Rising interest rates
New regulations
Competition from other asset managers
Overall
ABRDN is a leading asset manager with a strong track record of investment performance. The company has a diversified investment portfolio across a range of asset classes and geographies, and it is well-positioned to benefit from the growth of the sustainable investing market. However, ABRDN faces a number of challenges, including high costs, a complex organizational structure, and competition from other asset managers.
Recommendations
ABRDN should focus on reducing its costs and simplifying its organizational structure. The company should also continue to invest in its sustainable investing capabilities and expand into new markets. Additionally, ABRDN should consider developing partnerships with other financial institutions to offer a wider range of products and services to its clients.
IMOO DYOR
If they want their share price to go up, stop the share buyback, some £250M currently spent.
The only ones profiting from this are the stockbrokers…certainly not the shareholders and if management’s pay is linked to the share price, not them.
Actually they are doing the right thing buying the shares back.
It is a very cheap way of returning funds to shareholders.
In my opinion and the company's the shares are under valued substantially.
It means that more money can be paid out in the future to shareholdres.
Eventually quality will shine through and the share price will rise.
With now only 1860,000,000 shares outstanding the divi costs only £271 million a year.
ii makes 100 million, Phoenix pays a divi of £50 mill
So the comany only needs to find another £120 million on the £490 billion of AUM.
I am optimistic this share will be considerably higher in 2 to 3 years time.
Actually, this is the same argument that companies always push for share buybacks…but I don’t see it reflected in the share price…rather obvious in RNS that Abrdn has paid more for the shares than current share price..it ain’t working to support the share price.
I do appreciate that cash leaves the company and shares are cancelled so on the face of it there is no gain. But if you feel the shares are under valued then the company buying shares does make sense. Fewer shares available on the market should push the price up. I do think it would be lower without the buy back. IMHO the reason the share price is depressed from where I belive it should be is beacsue of the shorts at 4.5%. They are expecting a further fall in AUM.. I think this could be another bad half but over the next year I think it will improve. Interst rates start to fall pension contributions increase with a rise in wages etc.
ABD has 1.5 bill for ii 500 mill of phoenix shares and £1 billion in cash and other assets. That is £3 billion of Assets before one even considers the Fund management of £500 billion.
I think the share has a lot of potential.
LLucan I agree I think the stigma the company received over its name change is overblown to the extent it's really ridiculous and patronising and I think that Stephen Bird has done a lot however would like to see the Chinese AUM side of the business florish.
It would be good to see some improvement in Std Life pension funds. This year they reduced mine overnight by MORE than the contributions made in the previous 12 months?? That is a 'with profits' fund. Miserable performance yet the same type of policy with Pru has the same value, both having started 33 years ago, but £14k more paid into Std Life. That £14 has gone somewhere.
Sorry, £14k not £14...
Standard life is owned by Phoenix group not abdn?
Is ABRDN a takepver target?
I would be very surprised, at least as a complete business. For other mid-sized investment managers, it's probably too big/complex/messy to swallow. For large ones, it's not worth it. Could be broken up for parts but it's still a tangled mess and the question of who might absorb the investment management unit remains, unless Phoenix want to take their investment management in-house. But then they sold their previous in-house manager to Standard Life Investments so that would be mildly surprising.
I'd target M&G before Abrdn
Has the buy back stopped.