Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I'd target M&G before Abrdn
I would be very surprised, at least as a complete business. For other mid-sized investment managers, it's probably too big/complex/messy to swallow. For large ones, it's not worth it. Could be broken up for parts but it's still a tangled mess and the question of who might absorb the investment management unit remains, unless Phoenix want to take their investment management in-house. But then they sold their previous in-house manager to Standard Life Investments so that would be mildly surprising.
Is ABRDN a takepver target?
Standard life is owned by Phoenix group not abdn?
Sorry, £14k not £14...
It would be good to see some improvement in Std Life pension funds. This year they reduced mine overnight by MORE than the contributions made in the previous 12 months?? That is a 'with profits' fund. Miserable performance yet the same type of policy with Pru has the same value, both having started 33 years ago, but £14k more paid into Std Life. That £14 has gone somewhere.
LLucan I agree I think the stigma the company received over its name change is overblown to the extent it's really ridiculous and patronising and I think that Stephen Bird has done a lot however would like to see the Chinese AUM side of the business florish.
I do appreciate that cash leaves the company and shares are cancelled so on the face of it there is no gain. But if you feel the shares are under valued then the company buying shares does make sense. Fewer shares available on the market should push the price up. I do think it would be lower without the buy back. IMHO the reason the share price is depressed from where I belive it should be is beacsue of the shorts at 4.5%. They are expecting a further fall in AUM.. I think this could be another bad half but over the next year I think it will improve. Interst rates start to fall pension contributions increase with a rise in wages etc.
ABD has 1.5 bill for ii 500 mill of phoenix shares and £1 billion in cash and other assets. That is £3 billion of Assets before one even considers the Fund management of £500 billion.
I think the share has a lot of potential.
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?