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Independent’s tipsters today
It's a hold for me. Dividends and this beauty of a deal. https://www.pressandjournal.co.uk/fp/business/north-of-scotland/785876/aberdeen-asset-management-wins-deal-to-take-over-danish-portfolio-worth-950million/
Did you buy any?
by Michelle McGagh on Dec 01, 2015 at 05:00 Citywire Aberdeen has value but no rush to buy There is value in Aberdeen Asset Management (ADN) shares but that is tempered by concerns about emerging markets. Numis analyst David McCann retained his ‘hold’ recommendation and target price of 320p. The shares fell 4.4% to 320.2p yesterday after the fund group reported a 12.5% fall in assets over the year to the end of September. ‘We can certainly see value emerging in the shares given a full-year 2016 price/earnings ratio of c.13x and yield c.5.8%, which is reasonably well covered [and] management remain committed to a progressive policy,’ he said. ‘However, given that market conditions in emerging markets look set to remain tough for a while – given weak investor sentiment and mixed Aberdeen investment performance – and the outlook for earnings is essentially flat to down for a couple of years, with short term risks remaining, we see no obvious reason to rush to buy.’
Does anyone think the gap between SL will widen or shorten between the two? For the last 6yrs SL. has traded around 6-8% higher than ADN I currently hold SL. and was going to buy ADN. Or a fund in CTY or more MYI...
Then got in at 400 just take divs and enjoy the the ride I trade Cfds with it jumps 3 pc every other day just trying to guess what way
TA telling me strong buy. Heading higher IMO and with decent divi, this looks like a good one
Right u were well done that man
'Added at sub 329p...average now = sub 349p..not a huge holding so room to add on any further falls for mid-long term hold ;-)
this is now starting to look cheap will start buying at 325pps down to 300p for a nice two year investment. GL All
Aberdeen Asset Management retreats to its granite bunker: Not Aberdeen Asset Management or its Boss, Martin Gilbert. For all that the Aberdonian does a good line in rueful, easy-going charm, he is in defensive mode. Unsurprising, given that in three months £10 billion has been withdrawn from its funds, compounding a difficult two years. Mr Gilbert says emerging markets were painful. He is a master of deflecting attention to where he wants it to go, but the outflows from Scottish Widows Investment Partnership, the fixed income and passive equity fund Manager bought two years ago to spread the range, were pretty bad too. Last month, the business — which traces its roots to the Granite City but is in fact based in London’s Bow Lane — issued £100 million in convertible preference shares to Mitsubishi UFJ and bought back £100 million of ordinary equity. “It is all about controlling the things we can control — that is, costs — while we wait for markets to come round,” says Mr Gilbert, who never forgets how close Aberdeen came to going bust a decade ago during the split capital investment trust scandal.
...just a first tranche at the 370p mark... GLA & Best regards, Blue
Aberdeen Asset Management: switcheroo time: It all looks so run of the mill. The 7am announcement, the heavy use of legalese in the first paragraph and the relatively small sum in question all suggest a bland piece of news. But Aberdeen Asset Management’s decision to raise £100 million by selling preference shares to Mitsubishi UFJ, its largest shareholder, is troubling. That is because six weeks ago Aberdeen (which has a market capitalisation of £5.4 billion) said it would spend £100 million buying back ordinary shares. So, out goes £100 million on a buyback, in comes £100 million of pref capital. Who, other than the banks in the middle, benefits from the switcheroo? Aberdeen says the money from the new shares will be used to seed new funds. But even though the prefs will save money, they leave an unsatisfactory taste. The prefs will come ahead of the ordinaries in the dividend pecking order. But only Mitsubishi was given the chance to buy the prefs, and they are unlikely to be traded. If anyone else likes the sound of them, tough. But if the aim is to save money on dividends, then surely Aberdeen could have gone further and given other shareholders the right to buy prefs too? Aberdeen is trying to prove that it is more than just a play on emerging markets equity funds. Small-scale fiddling with the capital structure should be off the agenda.
Is it okay to admit that it was so volatile last week that I traded this a couple of times rather than holding. The results contained more good than bad in my opinion, the professional shorts were being reduced last week and the ex divi date fast approaching. Definitely one to watch.
Looking good
Hold Aberdeen Asset Management as share buyback looms: Aberdeen Asset Management’s full year results capped an action-packed few months for the company, at least by investment management standards. Last year’s £650 million acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds, which made Aberdeen Europe’s biggest asset Manager, was followed by a worrying sell-off in emerging markets during the first half of the year and a “no” vote in September’s Scottish referendum. Amid all this, one of the asset Manager’s biggest investments, Standard Chartered, has continued to see its shares tumble; Aberdeen’s outspoken Boss Martin Gilbert was even driven to publicly back management at the bank, amid questions about its Chief Executive’s future. Shareholders, then, will be relieved that the company’s annual results contained few surprises. Aberdeen’s pretax profits fell 9%, due to the acquisition of SWIP, but on an underlying basis they rose 2% to a record £490.3 million. Mr Gilbert upped the full year dividend by a healthy 12.5%, but this is small fry compared to what could come next. Although the results announcement provided no mention of a share buyback, it is definitely an option, and Mr Gilbert told Questor that Aberdeen will make a decision in the first half of 2015. Barring any dramatic market downturn, there appears to be little reason why the company should not return cash, and the possibility of one should provide support against any downturn in the coming months. On the other hand, there is little about Aberdeen that makes Questor want to recommend buying it. Shares trade at 13 times earnings after a strong run since October’s wobble, and with the Federal Reserve’s money printing programme at an end, the type of growth rates that have seen them double in the last three years are unlikely to return. Aberdeen has ridden out the last year well, and made excellent progress on a good acquisition. With plenty of cash to provide support, as well as a healthy dividend, this is one share worth hanging on to. Aberdeen Asset Management at 457 ½p+7.6p. Questor Says “Hold”.
Their View: Aberdeen Asset Management (ADN.L, 457.50p) - Buy Aberdeen Asset Management announced its results for the year ended 30th September 2014. Net revenues increased 4% y-o-y to £1.12bn thanks to a higher recurring fee income which offset the decline in performance fees. Underlying operating profit, before amortisation of intangible assets and the one-off acquisition and integration costs, inched up 2% to £490.3m for the year. However, diluted EPS fell 4% y-o-y to 31.1p from 32.5p in the last year. Aberdeen’s Assets under management (AuM) increased by 62% y-o-y to £324.4bn following the acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds in March. The SWIP acquisition added nearly £135.0bn of assets. The Board announced a final dividend of 11.25p per share, resulting in full year dividend of 18.0p. Our view: Despite a challenging environment, Aberdeen delivered robust performance. The company’s cash position improved to £653.9m as of 30th September 2014 from £426.6m over the same period last year. The acquisition of SWIP played a pivotal role and is already beginning to deliver cost synergies. In fact, Aberdeen’s strong cash flows and financial stability allowed the board to recommend a 12.5% increase in the final dividend. Going forward, given the strong financial position, and a broadened and enhanced range of products, we retain our Buy rating for the stock.
ADN Aberdeen Asset Management........... CityWire.. Aberdeen results indicate ‘small positives’ for next year Aberdeen Asset Management (ADN) has reported good cash generation and dividend growth with a number of ‘small positives’ expected over the coming year. Peel Hunt analyst Stuart Duncan retained a ‘buy’ recommendation and target price of 490p on the shares after final results beat forecasts with profits hitting £490.3 million. The shares rallied 1.7% to 457.5p yesterday on the news. ‘While [the] results were largely as expected, operating cash generation remains strong, underpinning expectations of good dividend growth in the coming years,’ he said. ‘A December 2015 estimate enterprise value/ net operating profit after tax multiple of 11.7x remains attractive, with a yield of over 4%.’ Duncan noted the integration of Scottish Widows Investment Partnership was ‘progressing well and that cost synergies are ahead of expectations’. ‘The new year is reported to have started well, with client interest in the product range,’ he said. http://citywire.co.uk/money/the-expert-view-lloyds-tesco-and-aberdeen/a787081?ref=citywire-money-latest-news-list#i=4 Chris Carson Send an email to Chris Carson View Chris Carson's profile - 02 Dec 2014 12:41 - 284 of 288 AND ANOTHER....... Tuesday tips round-up: Iron ore miners, Aberdeen Asset Management Tue 02 December 2014 09:27 | A A A No recommendation No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views. Iron ore miners may be facing much the same dilemma as OPEC is, when trying to force high-cost producers out of the market. Although plummeting crude prices may force some smaller tight oil producers to stop producing for a time, the well infrastructure and technology, once developed, will remain. Indeed, creditors who take over bust shale operators and wish to maximise their cash recovery may not be dissuaded by the price falls. Similarly, the big miners who keep shovelling iron ore out of the ground may see only limited success in forcing smaller competitors out. Even if an operation is shut, as African Minerals decided to do on Monday with one mine, the infrastructure will continue to be in place should prices revive, writes the Financial Times's Lex column. <b>Things seem to be looking up for Aberdeen Asset Management.</b> The firm's decision to acquire Scottish Widows Investment Partnership (SWIP) in April seems to have been well-timed. It may help to rebalance the business towards UK equities. As well, the emerging markets in which it has 25% of its assets invested should benefit from the decline in oil prices, the company's chief executive believes. In particular, an improved economic performance may help to staunch the outflows from assets invested in those markets during the ye
I get fed up looking on this board every day and seeing no comments. Please could someone discuss somey thing about ADN
I didn't get the chance to see that portrait again this week but hopefully next week. It's pointless for us to take a car to Edinburgh city centre so we get the train. Have to get to Glasgow first. Some trains to Edinburgh from Glasgow are pretty direct but some take the scenic route for nearly an hour and a half lol. We had clients here in the morning and it was nearly 2 before we could set out. Trams or is it trials of them were up and running. Have visited the offices of Aberdeen Asset Management and they have a fine art collection which is open to the public to view one weekend a year in September and the offices have a beautiful view across Princes Street. Ye Gods, we might have another Poppy on our hands - a fellow Scot this time. Crikey I don't know how to tell the man that it's my Scots shares including a little Aimer that have buoyed up my cash balance this year more than any others. Still if the man is too blind to see. Hope UK don't get trois points again because we don't deserve that this time. I love to watch the voting but this time it will not be quite so predictable in certain quarters. xx
Yes you are Queenie as you need a sexy Georgian pad to hang that sable coat I am going to buy you with my CUP profits! hahahaha LOL I have been in here for ages and have complete faith in Aberdeen plus nice little divi, whats not to like! Poppy has a nice picture of himself to go over your fireplace! x
premises with a breathtaking view over Princes Street and a fine art collection but hey thanks adn I am going to buy a nice little something by a local artist. Scots whay hey.
from this mornings lows. Good thing about short sellers is they create volatility - nice divi to come here.
Aberdeen Asset Management PLC, 01 April 2014, 1 April 2014, ABERDEEN ASSET MANAGEMENT PLC, COMPLETION OF THE ACQUISITION OF SCOTTISH WIDOWS INVESTMENT PARTNERSHIP, -- Acquisition of SWIP and its related private equity business completed as planned, -- Completion of the infrastructure business acquisition expected in the next few weeks. -- Combined Group will have pro-forma assets under management of GBP324.5 billion as at 28 February 2014.
Aberdeen Asset Management plc (LON:ADN)‘s stock had its “buy” rating reiterated by equities researchers at Espirito Santo Investment Bank Research in a research report issued on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 514 ($8.55) target price on the stock. Espirito Santo Investment Bank Research’s price target indicates a potential upside of 31.69% from the stock’s previous close.