User Notice: The site will be occasionally unavailable due to scheduled maintenance this weekend. Please accept our apologies for any inconvenience.

Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Aberdeen Diversified Income And Growth Trust Plc LSE:ADIG London Ordinary Share GB0001297562 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.40 -2.51% 93.40 94.40 97.20 94.80 93.40 94.80 197,695 10:34:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 20.8 17.9 5.6 16.7 296

Aberdeen Diversified Inc... Share Discussion Threads

Showing 51 to 75 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
17/11/2020
21:01
I've been meaning to comment on this thread for ages and now finally getting round to it. This stock comes in for a lot of flack but I'm actually a big fan. Why? Because it's boring as hell, decidedly dull, it just keeps plodding on and pays a generous dividend, currently c.6%. I've bought multiple tranches of this stock ranging from 84p to 109p, first in 2016 (when it was known as British Assets Trust / BlackRock Income Strategies Trust) and the rest in past 12 months including today @ 90p. My average is c.97p so slightly down but nothing to be overly concerned about. During many months of Covid induced volatility ADIG has actually been the rock of my portfolio, star performer in terms of resilience/stability - unlike certain other stocks I own which saw values plummet 50-80% before recovering on vaccine news. And not to mention ADIG has continued paying quarterly dividends throughout Covid/Lockdown whereas many blue chip stocks suspended payments altogether this year. I understand a longstanding issue with this trust is poor capital growth over the years. It's true many other trust's have seen good/stellar growth in past 10 years (pre Covid crash) whilst ADIG has suffered significant capital erosion during same period. I hasten to add timing is crucial, anyone buying at top of cycle will always inevitably suffer. This snippet recently caught my eye, courtesy of Citywire/Numis (28 October) "ADIG NAV total returns have been 4% over the last three years, versus 24% for the MSCI AC World index". Needless to say the trust's Fund Managers have failed miserably during this time. This is one of the oldest trust's around, formed in 1898! I Googled ADIG's share price chart over maximum period dating back to March 1995 when share price was 87p, fast forward 25 years and today it's just 90p. Tells its own story - this is purely an income stock thanks to the perennially generous dividend rather than a capital growth stock. Mind you if you tallied up all the dividends over the years that'd be quite a sum. On a final note some of you asked why the share price dropped sharply today, at one point falling 5.4% or 5p @ 88p before slight recovery. Quite remarkable given it briefly touched 96p first thing in morning (thus falling 8% in just a few hours - and there's me saying this stock has been stable!). Whilst I couldn't find a specific reason I did go on to discover approximately 15 of the top 20 fallers today were Investment Trusts, so it's definitely sector related. Come tomorrow if there's a continuation of this downward pressure I might consider topping up again.
wunderbar
17/11/2020
19:42
As a minimum, they should put a bi-ennial Tender in place at a 2% discount, giving a liquidity event.
tiltonboy
17/11/2020
17:54
I agree. I wish they would call it a day. Nobody seems to be able to make this fund work.
rich1952
17/11/2020
17:45
It doesn't look as if Aberdeen announced any NAV's for its funds today. 75k bought back. I had a VC with Nalaka Da Silva, and Tony Foster a couple of weeks ago, after I told the broker it should be wound up. Nalaka put a strong case for the new portfolio, but shareholders continue to vote with their feet.
tiltonboy
17/11/2020
17:24
Apart from, as you say, no NAV announcement!
hugepants
17/11/2020
17:12
Nothing too sinister then! Thanks.
rich1952
17/11/2020
16:58
An algo was smashing the bid all afternoon. Its been happening to a number of IT'S today
tiltonboy
17/11/2020
16:27
I was wondering that and it's not ex-div and there has been no NAV RNS today which is almost unheard of!
rich1952
17/11/2020
15:55
Anyone know why this dog is down 5.4%? At current price of 89.8p the discount is 20.5%, yield is 6.1% and it has net cash of 5.5% as per today's gearing disclosure
hugepants
09/11/2020
16:55
Not that easy- substantial private equity investments now.
essentialinvestor
09/11/2020
16:49
Think better thing than windup is to hand the management over to Ballie Gifford. Then they will go from discount to premium and us value leaning investors can depart while the growth come in
hindsight
26/10/2020
22:06
tilton Hopefully they have a plan. I noticed the discount was widening even more recently. In fact it was 10% pre-covid whereas now its 20%. Other investment trusts I've looked at are pretty much on the same discount as at the beginning of the year. The yield is good, well above average, so the shares are cheap.
hugepants
26/10/2020
15:45
HP, I had a frank exchange with the manager last week, and left them in no doubt about my thoughts. It appears I wasn't the first! It's Private Investments, not Private Equity. Obviously some of that could turn out to be PE. NAV has been steadily rising over the last few weeks, but the share price needs to start following it up.
tiltonboy
26/10/2020
10:36
This is the biggest investment at 15% of the portfolio. Down 5% on the year so far. MI TwentyFour Investment funds - Asset Backed Opportunities Fund https://markets.ft.com/data/funds/tearsheet/summary?s=GB00BD5D3D88:GBP
hugepants
22/10/2020
14:10
So selling assets to buy back bonds to reduce gearing from 24% to 6%. Since they'll be selling the more liquid assets then private equity holdings likely to increase to over 50%. Sounds ok. The discount to NAV currently is over 21% and yield is 6%
hugepants
21/10/2020
10:13
Should be wound up. From British Assets, through Black Rock, into Aberdeen, it's been a poisoned chalice for too long....and dont get me started on the DCM!
tiltonboy
21/10/2020
09:39
Might look the other way given the record here.
essentialinvestor
21/10/2020
09:35
Interesting RNS this am regarding gearing and strategy Not currently holding but added to watch list
panshanger1
04/8/2020
09:17
Take your point on unlisted investments but it looks a pretty decent investment to me under the covid circumstances. Well diversified over several asset classes. Its yielding 6.25% and at a 21% discount currently. fyi latest factsheet: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=packet_fund_class_doc_factsheet_private&id=976b35d9-f0dd-4091-8bb7-dddb6b069f60&user=kkMgFdGoMNQ7Sw%2fnXxzIv29GAjx7ngconoLg2b0G%2fGksAgwLdmqP3lzf5viodWNf&r=1
hugepants
01/8/2020
15:18
Read through the statement this morning and fwiw wound not touch with... just IMV only.
essentialinvestor
01/8/2020
00:11
Any possibility of this being wound up soon are slim to none. Unlisted now comprise over 32% of the portfolio and they aim to get that level to 40%. Some of those will have money committed for for multi year durations. With such a high level of unlisted my own view of NAV is it's partly indicative.
essentialinvestor
31/7/2020
17:00
Third that ).
essentialinvestor
31/7/2020
16:57
Totally agree. Should be wound up.
tiltonboy
31/7/2020
15:43
Can anyone tell me what is the point of this share? Pity it's not wound up so that we can get some money back as it is constantly trading at a discount. From F & C, Blackrock to the current outfit, nobody seems to be able to make this share perform.
rich1952
12/6/2020
13:33
HALF-YEARLY FINANCIAL REPORT FOR THE SIX MONTHS ENDED 31 MARCH 2020 - HTTPS://www.investegate.co.uk/aberdeen-diversified--adig-/rns/half-yearly-financial-report/202006120700037369P/
speedsgh
Chat Pages: 6  5  4  3  2  1
ADVFN Advertorial
Your Recent History
LSE
ADIG
Aberdeen D..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210507 10:23:09