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Can't argue with you. A hugely disappointing investment for me, my current holding was bought at 292p. I've made a few quid buying and selling them but coppers relatively speaking.
Down, down and more down is the endless money burn here. My father died 60per years ago, and the then residue of his cash was invested in Standard Life. All it has ever done since is lose. My mortgage, when it came to the bit, was backed by a Standard Life policy. Guess what? Didn't cover it on repayment, had to sell the house! The remaining shares are worth half in cash terms than they were ten years ago. Just a lifetime of lost money.
ABDN has written to all their regular savers saying that they are closing this type of account Dec 23. and they can be transferred to ii, or a platform of your choice.
Probably a pre divi thing it went to 230 a share before the last divi and the shares are worth more now because of the buy back should max out in about 2 weeks then go down again if the past is anything to go by
Hello,
Happy thaat we have had some sustained upward movement in the shares for us LTH. There have been some sizeable buys
recently. Is this because there are thoughts of a return of capital or is someone lining up a bid. I am now in profit-hallelujah, but will hold as I expect further developments.
every blessing
revshep
I agree am depressed too, with all the consensus of 10 sell and 1 hold it's not getting support from any of the brokers however having said that since the 'bird' is still flying and the II acquisition is expected to add £100 million to Abrdn's earnings per share in the first full year of ownership. In the first half of 2023, II contributed £24 million to Abrdn's earnings per share. This represents 20% of Abrdn's total earnings per share for the first half of the year.
Abrdn expects II to continue to contribute to its earnings growth in the future. The company expects II to add £130 million to Abrdn's earnings per share in 2024. So maybe EPS has already seen the bottom and is starting to rise again. I think I may have to give the 'bird' some extra paid time before we see the EPS back towards the mid-teens.
As a depressed LTH of ABDN and finally averaging in has worked...I note broker ratings are pretty miserable...does anyone have a more optimistic thought? I am expecting the acquisition of ii to be good for ABDN's numbers.
I'm with bori550 on this. I'm a LTH and seem to recall this happened a while back and although we all received a lump sum then, my holdings went down and I needed to buy more shares to bring me up to the original number that I held. I too would prefer a one-off special dividend but that it unlikely to happen.
Depends on if you are a trader or LTH , If you are a trader it is likely to push the price up and you will make money ,If like myself you are a LTH for the dividends not much benefit, would prefer a special divi myself
Good or Bad?
Best to move investments with Equiniti to another platform offering better services
to Shareholders
I see that Equiniti want a higher rate for DRIP purchases from 7th July. 1.5% with a single minimum fee of £2.40.
I'm tempted to dump these now just based on that alone.
Paid 16 May 2023............... LOL
Volcano hopes you are right price is having another attempt on the weekly 200 sma previously rejected here multiple times since November last year. We may see a 5 weeks MA close above the 200 MA today which could be a positive catalyst. (Data by IB)
Is it true that the UK CEO has been evading US tax for 8 years?
I hate to say "I told you so" but.....
Would love to agree with you volcano but as a Abrdn investor of old, sadly I like many others have witnessed too many false dawns over the years with this SP. It will be what it will be and although I have added more on 2 or 3 occasions since de-mutualisation all those years ago when it feels like dinosaurs still roamed the earth, I think I'll just sit back now and take the bi-annual dividends.
could be today is the turnaround in the share price , you never know
New CEO has been in place for 2 years?
CEO has his own strategy ( backed by ABDN Chairman ).
Unfortunately the buying of businesses to fit into strategy has NOT been timed well.
ABDN has also suffered due to imperfect market conditions.
Sorry should have said
However even with dividends these have been performing badly for a time, at least 6 years.
There have been 2 lots of capital repayments the last one in 2018 for the sale to Phoenix Life and one a lot earlier, you will need to take this into account with the share price, also high level of dividends.
However even with dividends these have not be performing badly for a time, at least 6 years.
Thank you very much for that, I read the post. I would like to know how much was paid out to me over the last 10 years in other payments and dividends, if anyone could make a rough guess.
In addition to what flanners18 has said, I posted a not dissimilar inquiry about the "old" standard Life on 12 Feb 23 and LLucan provided a most helpful reply the same day. It may be worth your while scrolling back on the Share Chat a few weeks and read these. It may (or may not!) provide additional information for you.
It's gone through several incarnations in recent years, changed name twice, Standard Life, Standard Life Aberdeen, then Aberdeen also been stock splits, consolidation and payments - check the registrar to see what your holding is really worth etc.
I have just looked at my investment for the first time in years due to long term illness. I have always been a big fan of Standard life and had invested £40,000 in their shares between 10 and 20 years ago. I was surprised to see they are now worth only £17,000, what has happened? Have I lost £23,000 or have I missed something, what has happened to Standard Life?