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Started: accipiter, 7 Jun 2024 20:36
Last post: Franalex, 14 Jun 2024 09:22
JatW,
Agree that a dividend rebase is on the cards and more likely than not. The Vodafone board was full of posters saying their dividend was sacrosanct and would not be cut but a new CEO gets one shot at it and needs to be early in their tenure. Personally factoring a 50% reduction for my long term holding.
Looks like 150p it is a entry point for now, lovely
The cash cost of the dividend is about £250m
They hold about £500m of PHNX stock they can sell, so they should be able to afford the divi for several years…..but I think it will be a sign of weakness if they have to sell their PHNX stake just to pay the divi. The next CEO will undoubtedly want to rebase the divi if he / she can justify it. 1 they can blame brd for the poor state of the balance sheet, 2 they can grow it from a lower base, 3 if the SP takes a hit they get their share options at a lower strike price.
I don't think they are 'secure',as this company sold it's insurance business for a few billion many years ago and has been spending money on share buy backs and at much higher prices . The spending spree later culminating in buying ii stockbrokers and now now looks like it is over. Now they have to earn their living to maintain this dividend level.
Most traditional fund management shares are down also with redemption's. Having said all that, I'm on the side waiting for some sign of earnings growing again and AUM growing (pulling in new business).
Thats difficult to say, however this link may help it shows the dividend history and although just because they have paid a dividend in the past is no gurantee that they will continue in the future, it is a good indicator
https://www.dividendmax.com/united-kingdom/london-stock-exchange/life-insurance/abrdn-plc/dividends
Started: wllma, 4 Jun 2024 13:33
Last post: Gordonbennett1, 6 Jun 2024 09:15
Because its a dividend machine. I continue to buy 500 quid a month, now got 15000 shs
It's very strange .
My question is why are Hargreaves Lansdown and others buying - is something known by some and not others ?
Any idea what is causing these large buys recently? Anyone think they will break up the company and sell?
Started: katenip, 4 Jun 2024 19:22
Last post: katenip, 4 Jun 2024 19:22
As in previous post, I note Qube have added to their short in FUTR….someone somewhere on this site must have had a look at all these excellent short decisions by Qube …worth a contrarian bet?
Started: revshep, 3 Jun 2024 15:01
Last post: revshep, 3 Jun 2024 15:01
Yes. I have also been monitoring and witrnessing large buys over the last few weeks. Let us hope that you are right.
every blessing
rev shep
Started: Briny, 30 May 2024 15:41
Last post: marklee1, 3 Jun 2024 13:58
Does anyone else think someone is building a stake here on the quiet. Large transactions on Friday.
Nice rebound today in the SP. After a lot of negativity over the past few years - outflows and silly name change - I think a corner has been turned and the future is looking brighter.
Started: BIGfatty, 29 May 2024 09:49
Last post: katenip, 29 May 2024 18:27
Flint should do the decent thing …he appointed Brd.
B*rd is a T*rd
Now that SB has (in my opinion quite rightly) made his decision, (was he pushed or did he jump is unclear) I am somewhat perplexed as to why this SP continues to trickle downwards.
Started: SFH300, 24 May 2024 08:41
Last post: Kildonan, 28 May 2024 14:14
🤔🤔🤔🤔🤣🤣🤣🤣🤣
Cld b nytm nw. Th snr th bttr.
Nyn knw whn th vwls wll rturn?
How Abrdn lost its vowels – then lost its way
https://finance.yahoo.com/news/abrdn-boss-quits-following-backlash-093641778.html
Anyone going to his leaving doo?
Last post: revshep, 24 May 2024 08:56
I suspect the company may have been under pressure to change by its institutional shareholders?
Let us hope now for better things.
every blessing
Rev Shep
Reinvesting itv dividends in this share , brings my average down a bit,still looking to may be sell at £1.84 to make a 20% profit or hope share goes over £2.
Last post: revshep, 23 May 2024 09:13
You could be right. I have been following the trades recently and there have been quite a lot of sizeable buys. Let us hope so, as the share price has been very disappointing.
every blessing
rev shep
After HL. ABDN could be the next target, you never know.
But share price looks better
Look what happened to BT last week following results. Shorts running for cover. A bit of good news at Abrdn and things can change very quickly
Shorts are on a rise
Started: katenip, 10 May 2024 09:37
Last post: Kiwitwo, 18 May 2024 15:55
Heading back down again .
Recovered from today's low and looking stronger
what’s not to like? **** up in brewery comes to mind with abdn’s management..the only bright spot is ii.
Going well and the dividend banked what's not to like. Target 180/192
Up 3% today. Maybe with the rising tide or maybe a corner is being turned?
Started: Briny, 2 May 2024 11:29
Last post: Graham-paul, 7 May 2024 09:17
Having bought this in April at £1.35 my initial target was around £1.60, didint expect to be reaching this so quickly, clearly happy, feel this is still not a sell. DYOR
Short back and sides?
Momentum again heading for a trim soon
This is simply a dividend machine for me, I’ll hold as long as they maintain the strong dividend they have had for years. Looks like a turning point is finally come.
The main point of note is they have changed from SELL to BUY
" ... i certainly think better times are ahead for ABDN."
You might be right if Bird goes and they change their puerile name.
Re invested dividend in ABDN
Kiwitwo
Surely if you believe this share will reach £1.84p then the current share price ( 147.50p) makes this a good top up opportunity for you?
I've re invested my dividend which was paid today and i certainly think better times are ahead for ABDN.
GL
As I’ve stated before £1.84 is my target to sell ,this gives me a 20% profit,then wait till next dividend and most likely SP will drop to allow me to buy back in.
Started: DavidAsh, 26 Apr 2024 10:38
Last post: DavidAsh, 26 Apr 2024 10:38
9.9%.....pretty healthy
Started: LLucan, 24 Apr 2024 09:33
Last post: dedino, 26 Apr 2024 09:11
Looks like it, next target for me is 154p
Green555 - p2 of the 2023 Annual report gives operating profit at ii as £114m. Looks like some advance buying yesterday as the price has fallen back since the Q1 results were issued.
Operating profit was £94Mill last year so probably higher than £100mil this year
https://www.thisismoney.co.uk/money/markets/article-11801777/Abrdn-loss-sees-profits-interactive-Investor-double.html
Llucan I agree with your sentiment.
How did you come to getting 100 mil from ii
"One swallow does not make a summer" but the first quarter results are encouraging.
As the divi is paid next week I think there could be more upside over the next few days. I would be nervous of being short in this share. I would say more upside than downside now.
Started: MaryBr190, 26 Apr 2024 08:29
Last post: MaryBr190, 26 Apr 2024 09:09
Worth noting also some pretty chunky volume over the last 2 sessions, above the norm.
Apr 25, 2024 138.30 144.85 137.70 141.15 141.15 12,594,884
Apr 24, 2024 145.00 145.00 137.10 138.95 138.95 15,038,534
Dont get me started on the name change. what clown came up with that idea ? should never have done the deal with aberdeen in the first place.
Have owned since flotationsince, as posted before and dividends alone have more that recouped the initial investment many years ago.
Detested the abdn name change but have traded my average to a ridiculously low average, even recently, the moves from pre div 151/2p, capturing 136-145-137-144-135-144 repeatedly - garners neat adds while keeping the average low. £600/ £800 every few days soon adds up in an ISA holding.
Mary i hope you are right. doubt i will ever get my money back though. bought at 450. 350. 250. and recently at 143. suppose at least above last purchase lol.
With a 14p+ dividend this is heading back to the 160p/180p range in the next 6 months. Will lighten up as it rises above 152p as instinct made me add and trim at every blip up and down and overinvested here.
Bid interest will shoot to 220 /240p, when rather than if IMHO.
Started: GutterSnipe, 16 Apr 2024 16:13
Last post: dedino, 24 Apr 2024 08:11
Key highlights
- AUMA growth of 3% to £507.7bn reflecting stronger markets and positive net flows
- Continued organic growth in interactive investor, with customer numbers up to 414k
- Actions underway to address outflows in Adviser and equities
- Implementation of cost transformation on track
Another quality ftse 350 dividend share😂😂😂. Uk listed shares now known as “ the bug zapper trade “. You dip your toe in and actually buy any of the capital destructive brexit basket case rubbish and your diminishing wealth just gets zapped/vaporised😂😂
Personally I do not think anyone will come forward to buy it in the present climate. Fund managers are really out of favour.
I also do not think the divi will be cut from 14.6p.
£494 billion under management, an 11% share in phoenix giving 60 million a year in divi and 100 million from ii.
The company should be able to generate enough to cover the 14.6p divi.
With a 6 month view and a 14.6p dividend whis seems to be an easy add.
At the current market cap it would be a gift. Even I am running the slide rule over it :)
Started: SFH300, 9 Apr 2024 14:26
Last post: katenip, 11 Apr 2024 10:21
Has anyone worked out what the average price Abdn have paid over the years on their share buyback programme? Truly this is a waste of shareholders’ money….doesn’t the BOD have a responsibility to protect shareholders interests?
A chap called Anthony Miller posted on Linked In: " I invariably describe the company as having lost its vowels in a tragic rebranding accident." Arf!
This turd of a share shocking even by dog index of the world ftse 350 brexit basket case standards. Standard life merging with Aberdeen was a terrible stitch up and shareholders have been well and truly fxcked. They now call buying U.K. shares
“ the bug zapper trade “ 😂😂 terminal like the U.K. in general, buy US.
As I used to say to IFAs and customers, "it is above my pay grade" https://www.bbc.co.uk/news/business-68769562 - or should that have been "t's abv m p grd". When they throw away £50m plus on trying to ramp the SP and however much they spent on this exercise, it makes packing the contact centre off to the wilds of west Edinburgh to save £1m look ridiculous.
This is the 'calibre' of people running this appalling ****show - crying about "corporate bullying" from the media!
They will not admit the abject failure of their puerile rebranding, and this company (and its share price) will do nothing until they face the facts, admit the egg has run down their faces and solidified into a putrid mass and grow up.
https://stocks.apple.com/A9Nb3ZcH8T4a05bRyiBpYuA
Started: firegazer, 27 Mar 2024 23:11
Last post: bro-ken-broker, 9 Apr 2024 09:55
Thanks David for the insight, very useful indeed.
Regards Bro-k
I wasn't expecting to get it or even be interviewed. I was just flagging up my presence to see if there was anything over on the Asset Man side - Wealth Man is very dull and badly managed. They probably pay the best around the financial companies in Edinburgh, but I left as they are just badly run and I had taken enough age discrimination already. HR are a bunch of middle-aged white women! My contract was up and I could not rationalise staying on, so I left despite being told I was being made permanent.
But yes, I found myself in some hot water for criticising a number of things, notably diversity and the 'Power of Investment' campaign (no, i don't suppose you remember it). Their first push on diversity was 2015 with a Diversity Summit featuring Eddie Izzard and Bozoma St John (diversity hire booted from Netflix in Feb 22). I was a recent critic of both Britvolt and fixation with the Far east and EM. Turns out I was right - maybe I should have had the job!
So Dave you have revealed why you are negative with an agenda. You didn't make the cut.
They still have quite a liot of resources availaible so I suspect the divi will be maintained for tjhe next few years at a minimum of 14.6p a year.
They paid £1.5 billion for ii this generates about 100 million net profit. They have a £600 million investment in Phoenix.
So they have identifiable investments of £2.1 billion.
ABDN is valued at about £2.5 billion they also have £494 billion of assets under management .
I think it will recover slightly over the next 2 years but I am doudtful it will get to £2.
Interest rates coming down should mean more money into equities.
The part of the business, which is a big part, which is not performing is the fund managment side. Which was why Bird was thinking about selling it.
If they can turn this side around and get a net increase of funds invested all will be fine over 5 years.
If they continue to have a net outflow of funds then a vualtion of £2 billion would be about right! 20% lower than where it is now.
On the positive side the adjusted profit figure just about covers the dividend. So they do seem to be making progress.
One of my bigger mistakes buying this share. I'm in too deep to get out until a strong SP recovery takes place. What do you think could happen over the next 12 months or next 5 years.
And new ISA financial year coming. I added £4K today as well, not at the lows (of course ffs) but 136.98. See what next week brings, US market well up after yesterday drop, even with a strong US jobs reports.
Risky business buying UK equities at mo , but surely these will rise again when dividends are reinvested after 30th Apr, took a few
https://www.standard.co.uk/business/london-stock-exchange-shares-ftse-100-crisis-equities-fund-outflows-b1145526.html
Ah, the joys of diversity ; apparently, Amazon is a big believer in diversity as the more diversified your workforce, the less likely they are to unionise or just gang up on you; could this explain the lack of criticism of Bird brain?
Extremely oversold 2nd inside bar on the weekly low of 136 a close above 160 and the heavy shorts may start to fly/emigrate
Double bottom on the daily chart, should see short positions reduce now.
Started: bro-ken-broker, 3 Apr 2024 09:41
Last post: bro-ken-broker, 3 Apr 2024 09:41
Pretty sure there will be companies looking at ABRDN with a view to buying it, much the same as Phoenix. Sit, wait and collect dividend.
Started: LLucan, 18 Mar 2024 14:45
Last post: Svend, 28 Mar 2024 21:25
Katenip > How he managed to get awarded performance bonuses after such a dismal SP for the past 3 years is beyond logic. What is the board thinking?..
We’ll all sell if we make 16-20% profit…what does this mean? The share price is at an ‘historic. low…if you buy today , you might hope for 16% …
Stuffed birds make an excellent alternative to lamb at Easter
I brought back in a while a go for dividend,will sell if prices rises so I can make 16 - 20% profit.
Keeping taking the divi has worked well with some cos EG: LGEN over the years but ABDN?
Just pouring more money down the sinkhole…averaging down all the way and it still falls .
When will the BoD take a look at Bird with a more objective eye?
Appalling…and I am sure the ABDN name isn’t helping their ITs trading to NAV much.
The only bright light in the gloom is interactive investor…maybe Richard Wilson would be a good starting point for a list of alternatives to Bird?
FYI: LLucan if you have held this share since January 2020, you may have made £ on the dividends but your cost price 2/01/20 would have been £3.36. ..c.60% loss in capital.
Keep taking the divi
Started: Runner2018, 26 Mar 2024 21:25
Last post: DaveBloodaxe, 27 Mar 2024 11:49
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