Member Info for Tune1

ironknut, yes it is baffling and it has happened before. I know not why either but come tomorrow, reality will kick in and the SP will start coming down.

Wow, thank you so much LLucan for that very clear and succinct response to my confusion. It's all history now but I do rue the day when SL of old started to sort of unravel and the Birds of Prey started circling. But as that well known saying goes: ""It is what it is!". Thanks again.

Clarification needed please. In 2017, Standard Life reached an agreement to merge with Aberdeen Asset Management. It was announced that the merged company was to be named Standard Life Aberdeen (now the unpronounceable Abrdn)
So is Standard Life still part of Phoenix Group? And why is it that the current TV advert, relating to those approaching retirement who are asked to consider whether now is the time to consolidate their pensions, refers to Standard Life? I'm no financial expert but I would appreciate some clarity of this from others more knowledgeable on this Board. Does Standard Life still exist, and if so why are the Shares I purchased in Standard Life upon demutualisation back in 2006 still not trading as Standard Life as a financial entity? Oh how I miss those Standard Life days.

A clear and simple response, thank you Investoroilgas. The mist surrounding financial and market expressions continues to clear!

To an uncomplicated small time Investor in this Share, I and probably many others would appreciate if you could spell out precisely what your comment means.

I have said on this Board for at least 10 years that Abrdn is a plodder. I have held and added to since de-mutualisation many years back and I stand by that moniker. I wish I had the optimism of saintly but for now I shall stick to Hold. Whether its re-branded name is working or not my Jury's out. There are others who say Aviva and Tui have weathered that storm by re-branding but the difference between them and Abrdn is that you can at least pronounce their re-branded name. In the meantime, I shall continue to hold my shares but it will take some miracle for me to consider increasing my holding just yet.

In true Abrdn style, are we witnessing a daily plod back to where this Share once stood? It may have something to do with the Buyback I do not know. But if it carries on plodding up like this, who am I to moan? Come 2025, it may even have reached the dizzy heights of £3.00 again!

I have a few more than you and I am no financial expert. However, my advice, given the challenging times we are all now in, is HOLD. I have always said that in my postings and although you will only receive slightly less than £80 on 27 September, that will help towards your energy costs!

I thought at my age I would have understood the human psyche and nature.....it would seem not !!

Strange that their messages of support posted over the last couple of days against pointless negative vindictive postings have been removed. They are the good guys in this fiasco.

Given his age (assuming by his "handle" he was born 1 year after the end of WWII) probably demonstrates he has nothing better to do with his life than draft his narcissistic rants. Shame he can't put his free time to better use by volunteering in a local Charity Shop. Or perhaps he tried that but his attitude got in the way and he was declined!

coaster/rebelheart, you have both beaten me to it. Porsche1946, what a very sad and angry 76 year old you must be. These Discussion Boards are intended to share and exchange reasonable thoughts, views, and opinions on this specific Share and the markets generally. I for one have no interest in your comments on your "best trades" or how you enjoy avoiding capital gains. Typical views of a narcissist! You need to see your GP and have some suitable medication prescribed in the bucket load to contain your anger. Please don't bother responding because we all hope you will be removed from posting any further drizzle on this and, hopefully other Discussion Boards.

Should have responded earlier but thank you for those kind words you posted yesterday evening. Much appreciated. Given the hectic lives many of you pursue (and myself once!), I am now adopting a much more uncomplicated and simplistic life-style now. But I do look forward to the dividends!

VladamirPokrov, would be interesting to hear your take on this.....

With all the global doom and gloom, how refreshing it is to see some such a positive posting. Since de-mutualisation in 2006, I have slowly increased my holding of this share. In fact it is the only Share I hold. It is probably a very modest holding compared to much more experienced PIs but as I'm now well retired, I have never desired to buy/sell in bulk. As the expression goes, it is time in the market not timing the market, that is key to continued returns. And throughout the most recent years, all of my postings have been accompanied by a Hold tag. I have no doubt that abrdn, like others, will turn the corner. As to when, I'm in no rush.

Thank you Austin7, puts things into some sort of historical and financial perspective. Would be nice to see Abrdn reach those dizzy heights again but there again, I would always like to win the Lottery !!

You are correct, to a point. In 2006 when de-mutualisation occurred, I was allocated just under 500 free shares.This would have been based on the value of the two small Endowments I then had with what was Standard Life. Off the top of my head, I cannot recall what the flotation price was in 2006 but since then, many Shareholders, myself included, would have added to these. But given the way the Share has been performing over the last year or so, the value of these "free" shares has now virtually become irrelevant.

Since de-mutualisation in 2006, my recollection is there have been two separate consolidations since then, both of which resulted in a reduction in shares held by PIs. The first was in 2015 following the completion of the sale of (what was Standard Life's) Canadian Companies and the second was towards the end of 2018 but I cannot recall what caused that consolidation. SL merged with Aberdeen late 2018/early 2019 so it may have had something to do with that. The Company morphed into abrdn in 2021 and to the best of my knowledge, although there has been a reduction in SP since then, there has been no reduction in shares.

Has any one else received a letter from EQ headed: "Would you like to buy more or sell all of your abrdn plc shares"? The letter contained all the necessary forms to complete. Just found this a bit strange and totally out of the blue. If I want to buy or sell any shares, I make my own mind up at a time of my choosing. Just seems a bit odd to be asked this by an Asset/Investor Services Company. Or am I over-thinking the reasons behind this, if indeed there is one?

Tacly is right in his post of yesterday. The US Central Bank (aka The Federal Reserve) has, not surprisingly, announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices. We're all in a for a rocky ride. Hold on to your pants!!!