Member Info for katenip

Yup it is undervalued but I spent too many of my hours left on earth with all the jobsworth/HSE/DLUCH bods listening to all the legislations and moans post Grenfell that every single building above 11 metres, (from road level to the floor level of the top floor! ) even worse , if a building is above 18 metres / 7 floors in England, has to comply with going forward… for sure Derwent/ Grainger etc are going to be caught up in this waste of oxygen exercise…absolute disaster…DLUCH have no idea how many buildings are going to be caught up with petty-fogging legislation. For all you homeowners out there who live in converted houses, mansion blocks, be very afraid, the jobsworths/ managing agents have a licence to rob you. Derwent plus Grainger are going to be hit by excessive costs of compliance , and the legislation has changed to put the onus on the landowners rather than the lessees, unless there is cunning wording In the leases…which may or not help depending on it being tested in court….joy!

Love predicted text….deep discount became deep dis punt….probably more accurate

As expected, there are weasel words about how long it will take to realise the p/e investments…however, this must be trading better given we all know they are winding up, whatever the long tail sum realised.

I think my issue is whether I should reinvest my divis or plough them into another deep dis punt IT, preferably not an ABRDN IT

Any suggestions very welcome!

Obv Nissin Foods..not Nissan..but why not with all the EV stuff , chip supplier

Got lucky and have a very healthy profit but what am I holding on for?

It’s not an income investment, given dividends so what’s the target?

I don’t think Nissan foods will back out, more likely a block on any bid.

Jefferies are looking at £2.00….

Any thoughts?

The directors are not shining beacons of wisdom…but having said that they are not buying, so maybe not such idiots as the rest of us who are marooned with this stock.

What I would like to know is , having decided to change the investment policy, why the NAV is knuckle-draggingly low…..the free cash was in short term deposits, which should have been earning something??? Unless it is all going on management fees?

Not sure buybacks are the greatest thing…witness ABDN…an apparently never-ending buyback programme, share price unimpressively weak and yield 10%

If there is so much money sloshing around for buybacks , why not pay special dividends?

After the USA threatened to pull the rug out from funding Israel’s war efforts as the Israeli government refused to downgrade their invasion of the whole of Gaza , the Israelis deliberately incited the Iranians by bombing the Iranian consulate and embassy in Damascus, which killed several senior Iranian military.

Israel has deliberately pulled Iran into overt action.

Diplomatic efforts have to be made to control the situation and rein in both Iran and Israel.

Western / NATO criticism and sanctions against Russia look hypocritical if the same measures aren’t applied to other invaders.

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?

The family %age of the shareholding weighs on this attracting any activist involvement.

They could look at paying a special dividend ….the regular dividend isn’t fabulously generous.

Am a hater of share buybacks and special dividends would be much appreciated as an alternative.

So, NAV published yesterday is 106…sp is 74….is this a ridiculous hold now that the trust is being closed?

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?

No doubt Bird is looking for more cost cutting moves….how about a VR board or CEO?

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

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.

Here’s a thing…and I acknowledge I am reflecting retail banking services in central London but:

Barclays have closed 6 branches within 45 minutes’ walking distance…if you’re very fit…and left one open, reduced opening hours, and cut teller time even more so . Net result there are long queues to see a teller and to use the machines…luckily, on a ledge as you queue, they have sellotaped a laminate A4 from the Post Office offering all sorts of banking services…..Bank of Ireland provides Post Office banking not Barclays. Is Barclays looking to buy Bank of Ireland or shove all those pesky retail customers on to Bank of Ireland? …I think we should be told.

The CFO has spanked £1.7 M on VOD shares…he is either paid too much or believes in the share buyback story

A special dividend would have been nice….hope share buyback is beneficial…it has n

been singularly unhelpful with ABDN..except for Stephen Bird’s bonus

This is probably the saddest state of affairs in the investment world…a good company inexorably being turned into a basket case…what do the BoDs think their responsibilities are?

And why is Bird getting any bonus this year?

How much loss has ABDN made on their share buybacks?

They sure as hell didn’t support the share price