Aberdeen Asset Management Share Discussion Threads

[mr ashley james] 20/9/2005 14:47

IBS7491

If you look at ADN Chart carefully you can see a Pennant built up over last five days and confirmed break out of that pennant earlier, the inverted head and shoulders neckline is 106.00p to 100.50p meaning to me LSE:ADN is likely to go up 5.50p quite rapidly on break of 106.00p IMO

Some pretty decent volume building up over last week or so to and today looks like quite a few 500,000 share orders being worked.

Reckon this pullback to 103.75p to 104.00p support engineered on SETS Book is to fill yet more personally.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 20/9/2005 13:09

A 9.00p 97p to 106p B 106p to 100.50p 61.80% FR C impulse point 113p 138.20% of A

Inverted Head and Shoulders 111p to 97p ie 14p from neckline 104p targets 118p, Gap 128p to 153p

[ibs7491] 20/9/2005 13:04

my thoughts also bought back in tday ?

[mr ashley james] 20/9/2005 12:06

Beautiful chart Inverted Head and Shoulders and Mind The gap above!(;-)0





Cheers

Ash:)

[networker] 17/9/2005 12:57

The price volatility I forecast has been evident since the shares went XR, with a high of c 110p and a low of c 97.5p. I suspect this will continue next week as institutions position themselves for the future.

[rabbrooks] 16/9/2005 16:08

Most of the big holders are taking up the shares I understand. There has been a good run over the last 3 months. I see no reason to doubt a continuity in price but this is not a retail share. Everything is dictated by very big players.

[networker] 01/9/2005 18:09

xchef
Yes. Medium-term this looks an interesting investment proposition. Short term likely to be volatile as the sizeable rights issue shares are absorbed by the market. Nil Paid shares will accentuate this volatility during September as traders may well be dipping in and out.

[xchef] 01/9/2005 10:45

Any ideas are the ordinary shares adn worth buying at these prices.Pls.

[iroll] 01/9/2005 09:02

I have discovered that the code for the new NIL paid shares is ADNN.

They are quoted 37.5p..38p.

Existing shareholders should be receiving Provisional Allotment Letters entitling them to 3 new shares for every 2 shares currently held on payment of 63p per share.

[iroll] 01/9/2005 08:24

Extract from yesterdays statement following the EGM:.....

"Shares marked ''ex-rights'' by the London Stock
Exchange..........................................................
8.00 a.m. on 1 September


Admission and commencement of dealings in New Ordinary Shares,
nil paid, on the London Stock Exchange .....................
8.00 a.m. on 1 September"

Does anyone know the EPIC of the new Nil paid shares?

[latifs100] 01/9/2005 08:14

wots happened here today??

[iroll] 31/8/2005 14:46

Broker Recommendations - Wednesday 31st August 2005, 11:05 am

Teather & Greenwood says hold Aberdeen Asset Management

[napoleon 14th] 25/8/2005 09:24

Piedro - yes.
Or should that "yes" read "that's exactly what I've done"?!

That's unless you have funds available to pay for more up-front.
Tha's your choice...

[piedro] 24/8/2005 15:15

Two Directors sold 20-30% of their holdings to partially finance the cost of taking up their rights.



Should we follow their example?

[napoleon 14th] 11/8/2005 15:17

'Been thru' this before, thanks, Networker.

It worked a treat for me with various in the past; LCI, QA., SEG & more.
Doesn't every time, but ADN has deep discount to make things easier.
To enjoy, you need a good profit on old shares, like 50% in 6 weeks; this one. What you do after the rights are tradable depends on what you see.

Real cost of "new" = 63p
Mkt. level.........."110p"
Profit ............. "47p"
With 3k shares, profit = £1500,
so sell less half & ride the rest cost free...

What I get FIRST is profit from my buy while they're still 165p,
& the cash to fund the roll-over 3 for 2 + diversify into something else.


I was thinking long those lines after hearing market talk of worries clients would leave ADN...allegedly provoking slight recent pullback. Just musing...

[networker] 11/8/2005 10:35

napoleon
Your maths doesn't stack up.
After the shares go XR, your 'old' shares will be at a correspondingly lower price. Your tactic may still turn out to be correct, but don't be fooled by false accounting. Based on current price of 165p the adjusted XR price will be approx 104p, with the 'new' nil paid trading at about 40p premium.

[napoleon 14th] 11/8/2005 09:27

IMHO the right move is to sell the old shares after securing the rights at 63p.

Can't really go wrong if you take 2,000 x 165p = £3300 for 2000 shares, & get

3,000 shares @ 63p (= £1890 to pay) in return.

That's one thousand shares and £1410 up on current position.

Cash risk down to £480 for 3,000 shares; 16p/share.
Almost risk free.

[focus1800] 08/8/2005 15:37

Papers are saying the city is getting nervous about the amount of fund managers who will not come aboard with AAM.Think its time i took my profits.

[rabbrooks] 06/8/2005 09:17

IT must be tempting to take good profits on ADN now. Was 175 the peak? Will private shareholders go along with the capital reconstruction?. The institutions dominate the share register so they will inevatibly take up the rights by the way the share price has reacted recently.It would be interesting to hear comments by contributers to this thread who have knowledge of the big picture.

[yar121166] 04/8/2005 15:42

This share price looks like its heading back upto £7.00 mark, heres hoping we get back to the good old days soon..........

[piedro] 02/8/2005 12:35

I've not yet seen a magazine that supports ADN.

Been in since 58p.

Nervewracking but worth it!

[focus1800] 02/8/2005 00:33

Shares magazine has Aberdeen as a sell..seems they think hard times ahead with 40% reduction in new issue

[dil] 29/7/2005 12:53

saying that .... hows dodddy ?