Aberdeen Asset Management Share Discussion Threads

[lord gnome] 04/3/2017 20:55

Nice bit of news that shouldn't harm the share price on Monday morning. It also explains the recent buying.

[dr biotech] 04/3/2017 19:57

Early news indicates about £200m of savings. ADN/SL made about a £1bn between them last year - seems like a decent proposal.

[ferries5] 04/3/2017 18:35

Aberdeen Asset Management and Standard Life 'explore merger'

[speedsgh] 02/3/2017 14:35

Hedge funds stop shorting Aberdeen Asset Management (19/2/17) -

...AQR and Odey Asset Management, two of the world’s largest hedge fund companies, are among the big asset managers to have removed their longstanding short positions against Aberdeen in recent months.

Analysts said the company’s share price is unlikely to fall much further, reducing the incentive to bet against Aberdeen.

They added that Martin Gilbert, chief executive of the fund house, indicated last year that Aberdeen had received interest from potential buyers, and any M&A bid would be expected to boost its share price.

Paul McGinnis, an analyst at Shore Capital, the brokerage, said: “The shares [may] have now fallen to a level where hedge funds don’t see sufficient downside to maintain the short.

“The fact that Martin Gilbert has also talked about Aberdeen being an attractive asset that people want to buy perhaps makes hedge funds nervous about being caught on the wrong side of a bid.”

But he added that if Aberdeen is forced to cut its dividend — a prospect that was raised by the company last year — then its share price could fall below 240p...

[lord gnome] 02/3/2017 13:10

So it is rumoured Woodhawk. The buying must be coming from somewhere. No great volume to get excited about, so perhaps it is just a change of sentiment.

[woodhawk] 02/3/2017 11:56

And what was that sudden large spike up to about 290p this morning!? Something going on here behind the scenes? HSBC on the hunt for an acquisition?

[its the oxman] 28/2/2017 11:04

ADN currently feels priced to expect a dividend cut. Longer markets remain strong the better for AUM and reduces the probability of any cut perhaps so could see a big relief bounce if this proves to be the case.

[lord gnome] 28/2/2017 10:47

We seem to be in demand this last couple of days. We need to break and hold above 280 before I can get too excited, though

[heo] 09/2/2017 07:41

https://www.bloomberg.com/news/articles/2017-02-09/hsbc-said-to-seek-wealth-management-asset-acquisitions-this-year

[heo] 09/2/2017 07:36

Anybody remembers when the CEO remarked that they are always being approached for buy our consolidation, well HSBC is on the lookout for acquisition of wealth management company. I hope they better talk to ADN. Not ramping, just putting info together for those with short memory.

[ny boy] 06/2/2017 18:29

Heading for support @ 246p, if that does not hold then, 210p is the next support level.

[speedsgh] 03/2/2017 09:17

Aberdeen offers Peel Hunt a ‘glimmer of hope’ -

The fourth quarter represented another challenging period for Aberdeen Asset Management (ADN), marked by significant outflows. However, Peel Hunt analyst Stuart Duncan suggests it wasn’t all bad news for the fund manager.

In his opinion, an increase in the total amount of money going in to the business (but not including withdrawals) during the three-month period may provide shareholders with some room for optimism.

‘Further mandate losses were flagged, yet an increase in gross inflows and healthy client interest may offer a glimmer of light. We reduce our target price to 280p but maintain our hold recommendation,’ Duncan noted.

Over the three months to January, Aberdeen saw assets under management fall by 3% to £302.7 billion. Positive currency and market movements helped to counter net outflows of £10.5 billion. This included a mandate that had been run for wealth manager St James’s Place, alongside another that was managed on behalf of a sovereign wealth fund.

Although the firm expects a further £3.4 billion will be withdrawn, it is seeing signs of improving investor sentiment. This is demonstrated by gross inflows of £10.2 billion, which is £1.8 billion higher than the previous quarter.

Aberdeen shares fell 3%, or 8.4p lower, at 249.7p.

[garycook] 02/2/2017 11:35

Back to the Low 200,s.Money better off in CLIG.It will go to £4,where as ADN down to £2.Have a look.Not ramping,but CLIG is a better stock atm.

[speedsgh] 02/2/2017 10:14

That makes three of us then :o)

[gostevie63] 02/2/2017 08:44

I agree, Lord Gnome. I too have funds to add but am going to wait for the time being - no intention of selling either though.

[lord gnome] 02/2/2017 08:25

Oh dear. Not a good update. Nothing new in it, but the share price is getting a good thrashing. I have funds to add, but I'll wait until we get the next interims in May. If the divi is held and the outlook statement sounds positive, then I'll add. Double or quits!

[master rsi] 03/1/2017 18:00

I do not know if tipped, but it has been mention on the "UPS" thread today.
Much higher volume than lately, and on looking at the chart the 2 weeks on the pause from falling had done a floor than in any demand has pushed the price up today

So I bought some

[lord gnome] 03/1/2017 11:31

A good start to the new year. We seem to be in demand today. Have we been tipped somewhere?

[speedsgh] 07/12/2016 07:47

Jefferies predicts dividend cut at Aberdeen -

Jefferies forecasts a dividend cut at Aberdeen Asset Management (ADN) as the company focuses on rebuilding its capital reserves.

Analyst Phil Dobbin retained his ‘underperform’ recommendation and reduced his share price target from 254p to 221p as the stock added 1.4p to 267.5p yesterday.

‘At its results Aberdeen expressed a preference for rebuilding its capital buffer,’ he said.

‘It suggested that earnings per share of 23p to 24p would be required to ensure an unchanged dividend per share of 19.5p. Our reduced earnings per share forecast only just exceed 22p by 2019, we now forecast a dividend per share cut.

‘We would expect Aberdeen to reduce to a level whereby a progressive dividend policy could be supported…Our 2017 dividend per share forecast reduces to 11.9p and our price target to 221p, we maintain our “underperform” rating.’

[salpara111] 28/11/2016 12:54

Put these on my watch list last week.
Still losing AUM and the divi is now only just covered, forward looking statement is pretty negative.
Might have a nibble at around the 250 mark.

[undervaluedassets] 28/11/2016 09:12

This business is sound.

Count your huge divi (one of the most secure out there as this company sits on a lake of cash and great cashflows) and wait for the sentiment change

[lord gnome] 28/11/2016 08:41

Aberdeen Asset Management (ADN) jumps 3.6% to 296.45p as full year results are ahead of expectation, despite reporting a 39% decline in pre-tax profit to £352.7m. Pre-tax profit and earnings per share beat consensus forecasts by circa 7%, aided by currency benefits and positive market performance. Net outflows were £32.8bn. The company predicts ongoing volatility in global markets in the short term.

Shares Mag

[speedsgh] 12/11/2016 10:50

Financial Times: Ashmore and Aberdeen Asset Management saw their share prices fall up to 10% and 6% respectively on Friday amid concerns that emerging markets will suffer following Donald Trump's victory in the US presidential election.