The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Expected more buys ex divi day today
Decided to invest in Abdx instead of this share as it hasn’t dropped below £1.70
After seeing my buy out pension plan consistently underperform from year to year with Standard, it’s no surprise to see the falling share price result of poor management. I do hope the fund managers are on performance related pay . At 5he moment, they are delaying my retiral plans. Haha. As a former Norwich Union salesman, I was a,ways getting Standard life figures flung at me. But they were known as “ selective’ insurer. It’s high time, they were a selective investor. Cash buy backs are NOT a wonderful thing for the private investor ……..speaking as an Aviva investor!
This self serving board are more interested in feathering their own nests than running the company. Buy backs are in their interests and their interests alone. This share is headed for relegation.
Sold at £1.93 with a 17% profit,if it drops below £1.70 ,I may buy back in for the dividend and hope by the next dividend payment I would be in profit again?
Market really not liking the current regime and its agenda, are we looking at being relegated from the ftse again come the next run.
Oh I havent seen this - thank you for the update - time to move my shares. Im so angry with them at the moment. Useless management.
£151 m of buy backs so far on this latest one. Share price heading down a one way street. Absolute garbage.
Could not have put it better myself, as someone said elsewhere “ at least I’ve got my BT shares”
i see the abdrn buy back is working. trash the share price and buy cheap. absolute **** share with the company being run by morons.
Just use iWeb - no monthly fees and cost much less than many investment platforms esp. Interactive Investor.
GL & ATB
Mozart, The changes begin on the 1st september. Monthly fee now 11.99 (from 9.99) 3.99 per trade (from 5.99p) First trade free. I very rarely trade with them so not suitable for me
There will be buys up to thurs this is the usual sell off before ex divi day.
They are still showing as £9.99 and £19.99 for investor services. Are you on about the change in trading credits which occurred about 6 months ago?
Aberdeen has upped it's charges on the Interactive investor platform by some 20% alienating quite a few investors there. I shall be following them and putting my funds elsewhere. Shame they wer a reasonable company untill Aberdeen aquired them !!
In practice I believe the main (if not only) beneficiaries of buy backs are the Board members, whose bonuses are linked to share price performance. The theoretical advantages to retail shareholders seldom seem to be realized in practice. Personally, I'd rather have dividends and enjoy the option of investing them elsewhere if I think that is where better opportunities lay.
Centrica must be one good example of a buyback that has worked well but that started when the shares had been completely oversold and when it was obvious the companies fortunes were changing. It’s also getting extended significantly so will keep their upward curve going. I don’t think the name change is the problem. They had to change it as they don’t own Standard Life brand any more. The problem is most likely too many underperforming and pointless funds in common with many other asset managers. Their ii investment I think will work well as it’s ahead of the curve in the way people want to invest their money. Abrdn obviously feel confident they can keep paying the divi and continue increasing buybacks.
At some point the UK, European and Asian markets will turn at which point things will look better but as we saw last year when confidence in the share evaporated it claws it’s way back with the daily buybacks.
Agreed. Shambles of an organisation. I also have a with profits pension with them with 33yrs contribution. Its value is same as a Pru pension for only 60% of the contributions. Std Life bonus lowered yet again on 1 Aug.
My thoughts entirely.
You would have thought they could have used the 1/2 billion plus that they have spent in the last couple of years on buybacks to actually buy something to generate some income , Just thrown away money for what good it has done
I've been at this posh gambling (my name for it) caper for 25 years plus. I can't honestly recall or see any benefits in buy backs. I absolutely understand the thinking behind it but if anyone can point me to any successful buy backs please do. A friend has 80000 shares in Aviva and whilst he's wealthy enough to stand any pain, I've warned him about the buy back syndrome.
Aberdeen has £500billion assets under management and has failed over the long term to make an acceptable return for either policyholders or shareholders. AVIVA, PHOENIX and LGEN are better, but not by much. The Aberdeen anouncement is all about tinkering at the margins - "Results in H1 2023 evidence the benefit of our diversification strategy with a full six months of ii (H1 2022: one month) making a positive contribution, " - really - what evidence - another name change?
Compare and contrast with the asset managers approach to business in the US - when Steve Schwarzman announced he was going to double AUM at Blackstone in 5 years nobody doubted him, and he will.
The UK economy is held back by the lack of ambition, tempered by the lack of ability, at the UK asset managers. Without some ambition and a more positive approach nothing will change - more decline and decay.
AceofClubs
Quilters a competitor of ABDN increased AUM by 2% in the same period to ver a 100 billion. Results also announced today. ABDN always blames the market sector it operates in for its failings. Others seem to mange!
It is time for the board to ditch Stephen Bird. His strategy is not working. ABDN could well be ditched from the FTSE 100 in September. Selling the Indian Investments and buying back shares does not inprove the business. It just makes the capital base smaller. The measure ABDN use of adjusted Profits per share have never covered the divi since he took over.
Something clearly is not working and I do not think it is all down to the "out of favour" sector they operate in.
Until they ditch the adolescent name change this company will do nothing.