Member Info for LLucan

In theory yes but I doubt the Phoenix distribution will be that high. It is more likely in my opinion they will buy back shares.
But pretty guranteed 14.6p divi this year. It is covered by profits.

The divi now will be 7.3p ex divi date 7 April, payable 24 May.

The Phoenix sale return to shareholdres has still not been announced as far as I can see.
But it will be to all shareholders at a future date not a historic date.
From the accounts:
"Commitment to shareholder returns demonstrated by intention to return c£0.3bn net proceeds from sale of 4% stake in Phoenix to shareholders, method and timing to be announced as soon as practicable".

FTSE 100:
https://fknol.com/uk/market-cap-ftse-100-index-constituents.php?go=b75

Could be
Evraz is out Polymetal is out, Royal mail is looking dodgy.
If the value falls below £4 billion abdn will be out. And yes it would have a big affect.

My guess is that a lot of small investors sold on results day. "Sell on the news buy on the rumour". Looks to me like it will bounce up over the next few days.

Cesna:
I see what you mean. I am definitely missing something since this seems like good value. I voted for the ii purchase since
it I see it as a good startegy. No cash call needed.

I was talking about the BS not tghe Mkt value:
In billion:

Total assets 2021: £7,009 2020: £ 6,088
Total retained earnings 2021: £ 3,301 2020: £2,631

grahamsturman
It is not like it is investors in ABDN money. It is the funds money they manage. I do not think anyone with a Russian focussed fund will be in the money this quarter.
Abdn has 7 billion in equity 3.2 billion in retained reserves. For me it is perplexing why this share has fallen today.

2 billion out of 540 billion is very low exposure. These will be in russian focussed funds. It will be the same for all of the fund managers.

grahamsturman
This is my opinion as well. Stephen Bird does seem to have a direction for the company. I think the results are good maybe not spectacular but the divi of 14.6p a year is secure and this can only increase over a 3 year period in my opinion.

In my opinion this share price moves with extreme volatility with very ltlle volume of shares being traded.
It has 2.2 billion shares in issue and a sale of 2 or 3 million of these sends the share price down by 5%.
I think big institutions sit on this share for the divi. For the size of the company the volume of shares traded seems low.

The dividend is 7.3p per share.

I did not think the results were bad at all. The company has a direction and strtegy for growth. It has £1.2 billion in investment in the Indain company and £ 600 million in Phoenix. And still the share fell 4%! I really have no idea why this share reacted the way it did.
.

Judging from the volatility, next week this share is either going to rocket up or rocket down. Place bets!

This share is extremely volatile. 2 million share transactions on a company that has 2 billion shares in issue makes it fall by 4%!
Personally I think the bad news is way overdone. My guess is the divi will be kept at 7.3p. The profits will be better than last year dues to cost savings and hopefully there will be new business added.
The company has a £600 mill investment in Phoenix and a £1.2 billion investment in India. I am quite relaxed about a valuation of £5 billion.

Standard Chartered bankers share $1.37bn bonus pot
https://www.theguardian.com/business/2022/feb/17/standard-chartered-bankers-bonus-2021-bank

It is always Jam tomorrow with Bill Winters. The company is run for the benefit of the staff not shareholders. The results are OK, nothing special but they are paying out more in bonuses £1 billion than they are in returns to shareholders. £750 million. So no not happy at all.

The problem is Bill Winters is the wrong person to lead the bank. The bank is run only for the benefit of the employees and not the shareholders. Salary costs are far too high compared to other banks. Hopefully he will leave the bank soon and a more skilfull CEO will take over.

They are not good results. They still have not stopped clients selling up and leaving ABDN Lost over £5 billion. Costs to revenues are still 20% higher than competitors. divi has not increased. I hope a USA fund makes a bid for the company.

It has been a take over target for 10 years. The Mkt valuation is 30% of the net assets on the BS. The chinese would not be allowed to buy it. The Americans see it as risky because of the HK and Chinese link. Barclays and HSBC are always an option but neither want it. Ther is a singapore bank who have been sniffing around, the largest shareholder of SC is also the shareholder of this Singapore bank. That is the most likely option. The best prospect for the bank is to ditch woke Bill Winters.

Didn't someone say yesterday that a 6yrs and 1.6million fine?
Do not belive all that you read on this board!