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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.
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.
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.
Be careful with any financial aspect of this company. My pension fund after 33 years is 78k. I have paid 14k less into Prudential over exactly the same period and it is also £78k. That's £14k into someone's pocket at Stad Life/Abrdn. Fees Fees Fees....
Be careful with 'adjusted operating profit'. Dividends are paid from distributable reserves, not management's preferred view of profit...
Analysts are forecasting that Abrdn's adjusted operating profit will grow at an average of 107.3% per year over the next three years. This would mean that the company's profit would increase from £263 million in 2022 to £1,005 million in 2025.
It is important to note that these are just forecasts, and actual results may vary. However, the outlook for Abrdn's profit is positive, given the company's strong track record and its focus on growth opportunities.
The estimated profit for Abrdn over the next three years, based on analysts' forecasts:
Estimated profit (£ million)
| 2023 | £376
| 2024 | £650
| 2025 | £1,005
According to ABRDN's financial results for the last three years, the company's adjusted operating profit has been as follows:
2020: £323 million
2021: £419 million
2022: £263 million
This represents a profit growth of 20% in 2021 and a decline of 19% in 2022.
It is important to note that 2022 was a challenging year for the investment industry, as markets were volatile and many investors experienced losses. Despite this, abrdn was able to generate a profit of £263 million, which shows that the company is resilient and well-positioned for the future.
Overall, abrdn has been profitable in the last three years, although there has been some volatility. The company is well-positioned for growth in the future, particularly in its Adviser and Personal businesses.
6 months -25%
YTD - 17%
5year - 43%
since 2006 -43%
just saying
Abject Performer,
ABDN USA company buying Four closed end funds from First Trust.
Is this correct strategy buy Stephen Bird?
Where did he say this
Stephen Bird announces exciting times for the business
with New growth investments.
Something to look forward regards SP
G73 - just FYI
He is on every board , strange case.
Abject - Ignore Porsche, a lot of people do.
Wow, a whole 400 quid😂 Gordon gecko. Normal service resumed with the share price of this capital destructive dogshxt I see.
Topped up £400 today at 159p
Svend - why was I earmarked for that?
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 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.
The UK markets are so out of tune with real valuation of major uk companies
The current stock market valuation of ABDN is almost half of what they have agreed to sell today
Never mind about the rest of the business
How crazy is that I ask you?
Hope we get a special divi out of this sale.
Recovering some of the friday drop
Very good start for October and i hope more to come
A 9% yield but down 32%, this FTSE financial stock looks cheap to me
Panmure raises abrdn to 'buy' - price target 250 pence