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Gino73
Pocket money really considers:
SWOT Analysis of ABRDN.l
Strengths
Global asset manager with over £500 billion in assets under management
Diversified investment portfolio across a range of asset classes and geographies
Strong track record of investment performance
Well-known and respected brand
A strong team of experienced investment professionals
Weaknesses
High costs
Complex organizational structure
Exposure to market volatility
Competitive industry
Opportunities
Growth in the sustainable investing market
Expansion into new markets
Development of new investment products and services
Partnerships with other financial institutions
Threats
Economic downturn
Rising interest rates
New regulations
Competition from other asset managers
Overall
ABRDN is a leading asset manager with a strong track record of investment performance. The company has a diversified investment portfolio across a range of asset classes and geographies, and it is well-positioned to benefit from the growth of the sustainable investing market. However, ABRDN faces a number of challenges, including high costs, a complex organizational structure, and competition from other asset managers.
Recommendations
ABRDN should focus on reducing its costs and simplifying its organizational structure. The company should also continue to invest in its sustainable investing capabilities and expand into new markets. Additionally, ABRDN should consider developing partnerships with other financial institutions to offer a wider range of products and services to its clients.
IMOO DYOR
If you guys read the news articles, the business being sold has £7.5b assets under management but the sale will raise about £100m, approx 5p per Abdn share. The money raised will be used within Abdn's business.
The UK markets are so out of tune with real valuation of major uk companies
The current stock market valuation of ABDN is almost half of what they have agreed to sell today
Never mind about the rest of the business
How crazy is that I ask you?
Hope we get a special divi out of this sale.
Recovering some of the friday drop
Very good start for October and i hope more to come
A 9% yield but down 32%, this FTSE financial stock looks cheap to me
Panmure raises abrdn to 'buy' - price target 250 pence
Time to buy.
Recovery to take place during 2024 -25.
300p SP on target by then.
Reinvested my dividends , bought when Liz truss was making a mess.
Do we ever see this recovering to the 300s?
Yes, i expect my payment from HL between 10th and 14th of the month.
Caipi65 - who's your broker? Most pay to the client on particular dates. HL, for example, pay income around the 10th of the month, either into account, to invest in more shares or direct to the client's bank (according to clients' choice).
I received my Dividend in my I web share isa account yesterday morning , a bit of a surprise , but they did not pay out the Legal and General divi until today.
Still no dividends paid yet
The CEO Stephen Bird is familiar to US trading because he has been employed by US banks.
Perhaps he should take note of your comments.
ABDN needs to refocus its strategy and be more friendly on customer relations.
I say hospitable, I should really say, the US is far more geared to traders and their customers expect great deals and service. It's not hospitable, it's good and repeat business against competition.
Yes, I found this problem, the charges are outrageous. I took it up with them and was simply told, that's the way it is, it's policy. I paid something like £150 plus costs for a $10,000 trade. I also have a Schwab account, where there are zero trading costs and FX is ultra competitive probably because the US is far more hospitable to it's trading citizens.
I have move my pension into a SIPP with Interactive Investor and find the interface fine, the support staff are very helpful and answer the phone quickly answered, charges are small, the interest on cash is a nice bonus and some nice features like automatic sign up to W8-BEN.
However I have found a major issue in that the FX conversion charges are very high at 1.5% up to £100,000, as I knew this when I transferred and it was not an issue until I found II have decided to have the dividends paid in DEC shares in USD, as I am very heavily invested in DEC this will give me a FX conversion charge approaching £1,000 pa. They can only make one choice for all DEC shares they hold as nominees and II tell me as default currency for DEC dividends is USD and as they are a multi currency platform they decided to go with USD. However DEC is only listed in London and can only be traded in GBP and I am resident in the UK, also I have owed these shares with 4 other brokers and all elect to have the dividends paid in GBP so the currency is converted by DEC at the current rate at the time before the dividend is distributed so no FX charges to shareholder. I have looked at various USD MM funds where I can store up the dividends and some other investments but II are very limited on what I buy in USD in my SIPP. This issue exists with other shares and I believe it also happens with GLEN which I would like to add to my SIPP at some point.
In short I will have to move my SIPP because of this issue and will do this once the claw back on cash back bonus ends (got £3000, another nice feature). From what I have seen I have am not the only one with this issue and they must be losing a number of customers because of this or at least not gaining as many as they could. I will also be moving my two limited company investment accounts soon but unfortunately now II are off the list. A real pity as everything else works well for me.
I would add, whilst the Interactive Investor financial proposition is attractive to traders and for Sipp's, funds,Trusts etc, the app itself is awful! They really spoilt it's clean lines after the takeover.
When will companies realise that evolution, not revolution is what customers want with trading apps.
Tough times currently and the 1.5bn purchase of Interactive weighs heavily on the books. However, it should pay back handsomely if they can improve standing against the market leader Hargreaves. Additionally, more than ever are going to need financial advice and products to support retirement. As we are ageing as a population, this opportunity must be a growth area. The only ones who don't have to worry about pensions etc are civil servants who don't have any market risk and a defined benefit, inflation linked pension. The rest of us have to buy products or shares to provide for old age and that's the sweet spot here I guess.
Spent over a month continuously now in 'oversold', RSI (14), should now start to see slow recovery from here in.
aimo & dyor
Depends on whether or not you beleive it will stay at this price
I’m a long termer and my shares are currently worth slightly over half what I originally bought them for many years ago, even including the divi, so It doesn’t really depend on if you’re in for a long time at all.
If they had bought back £300m of shares over say two weeks, it would have crashed to levels around its current level, then we would have seen its real value. Instead they have shrewdly dipped in at a snails pace so now buying more shares at a much lower value. On the one hand getting a good price but if the 300m committment is genuine then they will buy loads more shares to cancel.....so will the divis be even greater? I have lost so much in a month that divis will take 20/30 years to pay for it. Just horrible fund managers. People buying now however might gain. My std life pension has grown at a low rste over 33 years. It would be much higher if I had saved income after tax and just held in building societies.
Depends if you are in for a long time or not I wont be touching any income from this share for at least 6 years, So as long as they can afford the divi and dont go bust it can stay low,The whole sector is in the doldrums at the moment but I am sure it will turn good at some point