Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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With the way this company has performed over the last two years a bonus of £800k for Bird is hardly justified is it?
My bad it was 7.3 last year sorry
We got 7.6 last year and getting 7.3 this years it went down why is it good ?
All looking good and weird i'm a holder and now use them in the form of ii
Up we go this morning
Time for a new management!
Well pretty much as expected and gratefully received. Dividend 7.3pps Xd 14 Mar 24. Paid 30 Apr 24 & Dividend 7.3pps Xd 15 Aug 24. Paid 24 Sep 24. Good return. Continued good fortune to one and all. Rgds, S
Lots of poor metrics. The only thought was it's getting less bad.
They seem to think they can turn it around before they run out of money. I hope so. They need to work on their technology, the results page on their website takes you to 2022. Maybe the coder overslept.
Dividend maintained.
The Board has recommended a final dividend for 2023 of 7.3p (2022: 7.3p) per share. This is subject to shareholder approval and will be paid on 30 April 2024 to shareholders on the register at close of business on 15 March 2024.
Off to find the presentation now.
The cash cow will attract a bid over time. Adding.
Long-term very dissatisfied Standard Life holder here. Bird has had three years and the merger with Aberdeen has proved a financial disaster. In a world filled with Nvidia's Meta's and Microsoft's, abrdn with its' dumb name has proved a veritable dog of the first order, while good profits are being made elsewhere.
Is it time to euthanise the beast, flog off the parts and hand the cash back to shareholders, via an orderly liquidation?
Final Results 27-Feb-2024
BlackRock have said publicly they won't take part in consolidation, only interested in acquiring to broaden their proposition. Plus abrdn's AUM is a few month's worth of flows for them. As people move across to passive, the assets are going to them anyway. Why bother?
That's the issue when thinking of buyers for abrdn. For anyone big enough to do it, it's not worth it.
JPM do not do not have asset management in Edinburgh. Just servicing for investment banking and WM.
I doubt Blackrock - they took £30bn of the Lloyds mandate from Standard Life Aberdeen (as was) - actively managed part I think. Why would you want to take over the poor previous managers? I thought JPM might have them when the USD was 1.15 against the GBP and abrdn had hit 140p - makes more sense as they have some asset management in Edinburgh and own that dog with fleas Nutmeg. Might be a joint bid with someone, who wants the platform. 'Mr Turnaround' Bird has had his three years and he certainly wants a takeover, so he gets a nice payoff and retires.
(Sharecast News) - Virgin Money said on Wednesday that it has agreed to buy Abrdn's stake in their joint investment platform for £20m.
Virgin will buy Abrdn's 50% stake in the business, known as Virgin Money Investments, which was set up by the two in 2019. The digital platform had around £3.7bn in assets under management at the end of last year and more than 150,000 customers.
Allegra Patrizi, managing director for business and commercial at Virgin Money, said: "Our joint venture with Abrdn has successfully delivered a new investment service offering simple and straightforward investment options for customers.
"Taking full control of Virgin Money Investments will mean we can bring the investments and pensions business together with our deposits, mortgages, credit cards and daily banking, enabling us to help more customers feel confident to invest for the future and driving significant growth in assets under management."
The company plans to move all staff from the investments arm into Virgin Money, and does not expect any job losses.
Leaner and meaner to be snapped up in 2024 - my name in the frame is Blackrock.
My read re Bloomberg terminals is that it is a price negotiation tactic. The SP here is back to the ADD atm with the dividend alone worth the hold.
I have been invested in ABDN - since the floatation and it owes me nothing as the dividends and trades have multibagged the initial 230p.
Risk to 130p Reward to 320p - strap in to this rocket. DYOR.
Should have said in the heading.
Unfortunaly cannot repost, but front page, (US firm Harris Associates), "Abrdn Investor sold up after losing faith in management's talent for revival"!
First they lost their ‘e’s, now they intend to lose their ‘b’s , alas not Bird but Bird is trying to replace Bloomberg terminals…he is a classic operations bloke in the wrong job.
Hadn’t checked on this rubbish share for some time, shocking, I bailed out at 250 for a loss and put it to work in a Vanguard S&P tracker, thank god. This company is doomed, over 5 years the investors in their dog funds have averaged 1.5pc a year, before fees…..just terrible, yes brexit has massively damaged U.K./sterling and caused non stop outflows since 2016, but there had to be something very wrong with the merger, it’s a bit like when Halifax took down Lloyds which is still a penny share basket case. You just have to avoid U.K. shares now and dividend stocks are the pits, by for a return and lose half your capital, as Terry smith says, buy growth every time.
I invested in SL over 15 years ago and made the classic mistake of not selling up at the time of the merger when the share price was around the £5 mark. As posted here earlier I too hope for a takeover!
The ongoing situation is a disgrace.
Abrdn, formerly Standard Life Aberdeen, is a global investment company headquartered in Edinburgh, Scotland. The company manages and administers £496.3 billion of assets on behalf of its clients (as at 30 June 2023).
Abrdn's business model is based on three main segments: Investments, Adviser, and Personal. The Investments segment provides investment management services to institutional clients, including pension funds, sovereign wealth funds, and insurance companies. The Adviser segment provides financial advice and wealth management services to individual clients. The Personal segment provides savings and investment products to individual clients.
The company's business model has been criticized by some analysts, who argue that it is too reliant on a small number of large clients in the Investments segment. These analysts also argue that the company's Adviser segment is facing headwinds from the robo-advisor industry.
However, Abrdn has also taken steps to diversify its business model. In recent years, the company has acquired several businesses in the alternative assets space, such as infrastructure and private equity. The company has also been expanding its presence in Asia and other emerging markets.
Overall, Abrdn's business model has both strengths and weaknesses. The company has a strong track record in the Investments segment, but it is facing some challenges in the Adviser segment. The company is taking steps to diversify its business model, but it remains to be seen whether these efforts will be successful. GLA
Stephen Bird should go…then there would be a chance for this company’s SP to improve.
The man lacks any attributes of a successful CEO
I have had shares in standardlife for a long time. should have sold when where at 550. but kept buying in at 450. 350. 250 and 180. lost a small fortune. it was a big mistake merging with aberdeen. i was against it as lost a lot in aberdeen shares long ago, so never liked them.