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This is getting kicked down the road quite hard recently and is now close to breaking 140 again anyone see any potholes?
Not to worry - abrdn are going to be saved by "diversity". Funny how these people are always middle-aged white women https://www.linkedin.com/feed/update/urn:li:activity:7138085914169282560?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7138085914169282560%29
It is worth about 150p con div, so much depends for any takeover on whether the buyer wants the platform. If they already have one, they only gain the end-clients, whose age profile is rather higher than those of most other platforms apparently. Still, get a load of women in there and wonder why you have to cut back maternity leave 7 years later https://www.linkedin.com/feed/update/urn:li:activity:7151538352905744384?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7151538352905744384%29 Even better buy back shares at over the market price - I reckon they have chucked about £50m doing this rcently and then close an office to save £1m. Sheer genius!
£25 million spent on buying 5% of Boku a mobile payments system app. MC £550M. Turnover £80M. Profit £9M.
Not sure ABDN got a cheap buy in price.. unless I got it wrong.. maybe I am too old fashioned
Fed pointing at interest rate cuts is triggering the indexes up. Futures for US looking good.
FTSE 100 is following US and it is up over 100 points, ABDN is playing catch up ,and i like to see 150p again.
M&G results rubbing off on ABRDN this morning.
Sold then bought back - half himself and half to wife.
I think this is the bottom for now , and follow the directors
Seem to have nudged the price up today.
Gap to close .... ~149p, added to which, RSI oversold.
Have just bought in small here first time, 1500 shares.. bailed out of EPL Enquest :(
For me, 133 is the either buy or dye point any other tea leaf readers see the double bottom reasoning here?
Not sure to put more money in this ,looking at bt as its dropping fast , may drop below £1 then bt wins my investment.
It seems to me that there is too much pesimism about this share.
It is still paying a cracking dividend. The Adjusted earnings were 14.1p which nearly covers the dividend.
The adjusted earnings is the one the company uses to make dividend decisions.
Interest rates will come down later this year which should mean more monsy coming into shares.
There is an 5% to 8% increase in pension funds paying into ABDN funds. Just to keep up with wage growth.
It still has £494 billion under management.
It makes £100 million prifit on ii. It has a 10% holding in Phoenix.
It has other long term investments. Such as Archax.
Of course there is rsk attached to any investment but given all the differnt income streams the company has. a £2.4 billion valuation seems a tad on the low side.
If you have held this share since 1 Jan 2020 you have already received 65p p of dividend income.
Just bought some.
Seems cheap.
Hope so anyway 😊.
'another moan is what idiot came up with the idea of changing the name to abrdn.'
Don't know either but I'll bet we paid many £000s for the advice!
Richox. i have also been invested in standard life for a long time. also have my pension and endowment with them. biggest mistake was getting involved with aberdeen. i put 5000 pounds into technology fund with aberdeen 25 years ago. thought will just forget about it and hopefully when i am 50 will have made a huge profit. how wrong i was. i am now holding 14000 abrdn shares.added again last week at 143. but i have no choice but to hold and hope there is a recovery in sp. another moan is what idiot came up with the idea of changing the name to abrdn.
Bkb and Mary br, this has got so cheap that a takeover is highly likely.
Think I will get some first thing tomorrow as long as it hasn't gone up loads.
Dyor (don't blame me in other words)
Guttersnipe esquire 😂
My share trading journey started with Yorkshire Bank, TD Waterhouse, ii and now ABRDN. Thinknit was iii we used to use for discussion forums dot com boom time. Remember Pacific Media? 😀
BKB great minds - SPT awaiting a higher offer but trimmed 60% tyvm and like you picked up ABDN. The III platform is worth much of the current market capital, the dividend continues to underpin.
Gtx1 - So good of you to give us your thoughts, for all you are 'not invested at all here'!
Good to know you will be watching from the side lines.
I'd say this will be a takeover target this year.
I'm not invested at all here, though surely this must be looking increasingly like a takeover target at this price ? The management !!! yes really should hang there heads in absolute shame with its performance compared to its peers, in fact it's been stated by a investors tip sheet as the worst of all these types of companies in its metrics , I'm not sure where the bottom is right now though it surely can't be to far off this current share price, they were around £2.16p this time last year, "wow " that's a almighty crash ok, rich pickings could be made here if there's any kind of turn around, or they could simply flog OFF the III investors platform to the highest bidder, and to think how much that management are paid plus bonuses to stand over this investors mess, I'll keep watching from the side lines, though good luck here.
Gla
So well said. I have been in since de-mutualisation in 2006 I think. And boy was I chuffed from then up until SLA, and now ABRDN came on the scene to say I was proud to be invested with SL. But now I hold my head in shame with this shower. I will stay in for the Dividends but any lingering loyalty I had has now gone out of the window.
Standard LIfe was a super company, destroyed by Aberdeen. The ridiculous name change is typical of the useless management team, trying to be cool. What did that cost shareholders and what did it achieve?
A burden on your potfolio is about right however.