Aberdeen Asset Management Share Discussion Threads

[seekerofvalue] 19/9/2014 08:40

Today ADN is trading at £4.41p and will now face fluctuations of a lesser nature not that the Scottish referendum vote is concluded. ADN had a recent high of £4.462p on 9/09/14 and recent low of £4.112p on 9/09/14

RELATED NEWS:

Scottish independence good for economy - Gilbert 12/09/14



SCOTLAND VOTES NO 19/09/14
Scotland has voted against becoming an independent country by a projected 55% to 45%.



19/09/14
Aberdeen Asset Management chief executive Martin Gilbert has called on both sides of the independence debate to come together and 'move forward united'.

Following the news that Scotland voted in favour of staying within the UK, the chief executive of the Scotland-based asset manager said: 'The campaigning is over and UK investors will welcome a reduction in the uncertainty of recent months. Tomorrow attention will turn again to the situation in Ukraine, the conflict in the middle east and the fragile European economy.

Gilbert (pictured) added: 'Both sides of the independence debate now need to come together so that from today, Scotland moves forward united. Scotland has long been a world leader in business sectors such as oil and gas, whisky and investment and the task now is to grow the rest of the economy with the strong support of politicians of all parties.

'As I’ve said before, whatever the outcome of the referendum, Scotland can have a prosperous future.'
hxxp://citywire.co.uk/new-model-adviser/news/aberdeens-gilbert-scotland-can-have-a-prosperous-future/a773425

[rathlindri] 18/9/2014 10:09

D day for the Scottish vote, let's hope it's a "NO"!

[tiptv1] 10/9/2014 13:26

Maria Psarra of JNF Capital tips to SELL in Aberdeen Asset Management (ADN)- See more at:

[seekerofvalue] 09/9/2014 13:24

Hi everyone thank you for joining me on this thread.

Today ADN is trading at £4.44p and will continue to face immediate fluctuations until the Scottish referendum vote is concluded. ADN had a recent high of £4.499p on 5/09/14 and recent low of £4.02p on 8/08/14

RELATED NEWS:

Post-QE wave to break over fund managers 8/09/14


Scottish Referendum
Justin Rowlatt meets Martin Gilbert at the magisterial offices of Aberdeen Asset Management, the company he founded and still runs. He tried to find out which way Mr Gilbert is planning to vote. 5/09/14
hxxps://audioboo.fm/boos/2451363-voting-is-an-emotional-issue-in-scotland

4/09/14
Aberdeen Asset Management's SWIP acquisition takes Deal of the Year award
Aberdeen Asset Management’s £550m acquisition of Scottish Widows Investment Partnership (SWIP) from Lloyds won the prestigious Deal of the Year award at this year’s Scottish Business Insider Deals & Dealmakers awards.

The judges for the awards said the deal “wasn’t just an acquisition for a big cheque, this was a really creative deal with longevity in mind.

They also highlighted the importance of the deal, which also won the Acquisition of the Year category, to the wider Scottish business community.


“It is so important that we have big Scottish companies alive and kicking. Aberdeen Asset Management is a leading light for Scotland across the world,” they said.

[wirralowl] 08/9/2014 08:19

Having said all of the above, the fly in the ointment now appears to be the Scottish referendum. I've covered my long position with a trading short in IG this morning. If things work out ok, I'll add more shares after the vote, but fear the waters could get choppy the next 10 days or so.

[wirralowl] 05/9/2014 10:36

Hi rathlindri. Yeah, despite my initial concerns, looks like I got the timing right for once on this one! Its up over 10% now, but I'm primarily an income/value investor, so will be holding on (and adding again on any weakness), as it offers good potential for earnings & dividend growth imho.

[rathlindri] 05/9/2014 10:32

Break through 450p today...?

[rathlindri] 05/9/2014 10:13

WirralOwl, you must be pleased with your return since buying in on 8/8?

[rathlindri] 19/8/2014 16:41

Nice steady recovery

[wirralowl] 08/8/2014 09:26

Oh well not the best timed entry it would seem...

On a more positive note, ADN was highlighted as a buy in Shares mag's lead article yesterday, which outlined companies with superior earnings growth.

[wirralowl] 06/8/2014 16:35

Nice thread, seeker. Dipped my toe in the water earlier today, and joined you at 408.4p.

[seekerofvalue] 01/8/2014 13:04

Hi everyone thank you for joining me on this thread. ADN will offer up another buying opportunity shortly after the global headwinds and negative narratives have subsided.

Today ADN is trading at £4.10p after reporting the £4 billion of asset outflows earlier in the week. ADN had a recent high of £4.657p on 25/07/14

RELATED NEWS:

Emerging markets: The risks markets may be missing 1/08/14


Gilbert upbeat despite Aberdeen Asset blow 29/07/14


Aberdeen Asset Management under pressure after single client withdraws £4bn 28/07/14


3 Reasons To Buy Aberdeen Asset Management plc Today 28/07/14

[buffetteer] 31/7/2014 09:29

Yes good idea huttonr.
I originally bought in at 450p and topped up when they fell to 387p. Will do the same if the fall continues ( and we are in holiday season so quite possible).
If the analysts are half right and the earnings grow to 39p next yr then you should see some good growth. One of my biggest holdings now so hope so.

[huttonr] 31/7/2014 08:45

As I said two days ago 'drop seems somewhat overdone' - we are now down some 50p ie 10%. This really is a bit excessive, especially as the Far East has come back very well over the past few months.
Perhaps when we reach 400p, I should start buying again?

[ygor706] 28/7/2014 13:25

This year is likely to one of consolidation for Aberdeen with consensus brokers' forecasts indicating a fall in eps. The Scottish referendum vote is also likely to cause uncertainty. I like the company but, absent any pronounced weakness, I can't see that there is any hurry to top up.

[nomdeplume] 28/7/2014 09:52

Someone pulled £4 billion out from assets under management. But I agree, fall seems excessive.

[huttonr] 28/7/2014 08:33

Today's drop seems somewhat overdone considering the statement released today, which generally gives an impression of steady progress.

Am I missing something?

[its the oxman] 22/7/2014 16:13

Testing 460p again. Be nice to finally push up a bit.

[buffetteer] 04/7/2014 18:52

Next stop 500. When the CEO says savings will be greater than planned and he looks forward to buybacks you know the future is bright - now one of my biggest holdings - stock is up 600% in 10 years . It's a clear Buffett-esque company - leader in its field ,high margins meaning large moat ,v high returns on equity ,v high free cashflows.
One to buy and hold

[rathlindri] 03/7/2014 12:14

A nice leg up today....460p beckons?

[calvin1947] 28/6/2014 20:13

Prospects look promising for shareholders, future dividend increase of approx. 15% and stock buy back from the cost savings of the SWIP takeover, should now start to see a run up to the £5 end of year target.


Fund manager Aberdeen Asset Management (AAM) expects greater-than-forecast savings from its recent Scottish Widows Partnership Group (Swip) acquisition.

The Granite City-based firm also anticipates raising its dividend this year and sees scope for buying back shares, ichief executive Martin Gilbert said yesterday.

AAM bought Swip and related private equity and infrastructure fund management businesses from Lloyds Banking Group late last year in a deal worth about £550million.

Speaking on the sidelines of the Fund Forum conference in Monaco, Mr Gilbert said the integration was going well and the group was focused on "the hard bit" around front-office integration, which should be finished in the next two to three weeks.

He said cost savings from the deal were likely to exceed the previously expected total of between £48million and £50million, although he declined to comment further.

Mr Gilbert reiterated a plan to increase the dividend and buy back shares.

"We'd really like to see the dividend increasing and then buying back shares after that," he said.

With analysts predicting a flat year for earnings, Mr Gilbert said he would still look to increase the dividend and broker estimates for an increase of between 10% and 15% were "not unreasonable".

In the year to September 30, 2013, AAM increased its dividend by 39% to 16p. The 2014 half-year payout was up 12.5% to 6.75p.

[rathlindri] 27/6/2014 10:16

Correct about strong resistance @500p M1T

[seekerofvalue] 20/6/2014 14:23

Today ADN is trading at £4.42p after touching a recent low of £4.31p on 18/06/14. rathlindri ADN had a recent high of £4.634p on 06/06/14

Related news:

Are emerging markets giving off bad vibes? 20/06/14


'Wall of Liquidity' Headed to Emerging Markets 19/06/14
hxxp://blogs.wsj.com/moneybeat/2014/06/19/wall-of-liquidity-headed-to-emerging-markets/

SWIP Property Trust from Aberdeen - Fund Manager Interview 13/06/14
hxxp://www.moneymarketing.co.uk/acumen/swip-property-trust-from-aberdeen-fund-manager-interview/2011271.article

Scottish Widows £3bn fund could soon be taken over by Aberdeen Asset Management
11/06/14

SWIP equity team exits as Aberdeen migrates £3bn portfolios 09/06/14
hxxp://www.investmentweek.co.uk/investment-week/news/2348897/swip-equity-team-exits-as-aberdeen-migrates-gbp29bn-of-assets

[m1das_touch] 06/6/2014 16:15

I think we can safely say we have breakout now...could well move rapidly to 500p from here. We're still in a longer-term range from last Spring of course, i.e. 350 / 500. So if we move strongly beyond 500p, then as this thread title suggests the sky's the limit. Will be tempted to lock in some profits at 500p though, as I expect strong resistance.