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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 Shares Traded Last Trade
  0.80 0.81% 99.00 746,247 16:29:37
Bid Price Offer Price High Price Low Price Open Price
98.40 100.00 99.00 97.80 98.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 18.88 16.87 5.14 19.3 314
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:41 O 100,000 99.00 GBX

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Date Time Title Posts
21/6/202222:42Aberdeen Diversified Income and Growth Trust plc 242

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DateSubject
26/6/2022
09:20
Aberdeen Diversified Inc... Daily Update: Aberdeen Diversified Income And Growth Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker ADIG. The last closing price for Aberdeen Diversified Inc... was 98.20p.
Aberdeen Diversified Income And Growth Trust Plc has a 4 week average price of 97.80p and a 12 week average price of 97.80p.
The 1 year high share price is 104p while the 1 year low share price is currently 96p.
There are currently 317,185,238 shares in issue and the average daily traded volume is 273,090 shares. The market capitalisation of Aberdeen Diversified Income And Growth Trust Plc is £314,013,385.62.
08/4/2022
18:08
pherrom: Certainly, capital loss is more their skill. I have held these from British Assets days (2006); my average buying price £1.19. I believe that the management changes every so often and no doubt their salaries are not tied to the share price.
24/2/2022
12:01
rcturner2: In my opinion, ADIG has its place in a balanced portfolio.
24/2/2022
11:26
essentialinvestor: exel, given some of my holdings today I perhaps should have considered ADIG !. This used to be British Assets Trust back in the day, from memory,
24/2/2022
09:51
essentialinvestor: RCT, point well made, although I had in mind a longer term view, - 15% over the last 5 years is pretty wwrful. Yes if you had swapped some high beta stocks in early January and invested the proceeds in ADIG, then you might perhaps be pretty content!. exel, most welcome.
24/2/2022
08:56
rcturner2: EI, I beg to differ. I am sure you have seen the large falls across many stocks and ITs in recent weeks. You will also have noticed that the share price here has barely moved.
23/2/2022
18:35
tiltonboy: There is a big difference between Private Equity, and Private Markets where ADIG are invested
09/12/2021
20:19
speedsgh: Annual Financial Report - HTTPS://www.investegate.co.uk/aberdeen-diversified--adig-/rns/annual-financial-report/202112090700040251V/ [excerpt] Earnings and Dividend A major component of the proposition to investors remains a dependable and regular dividend. Total dividends paid during the year represented a yield of 5.5% based on the year end share price of 100.0 pence. The Board confirmed, as part of the strategic review, its intention to continue to pay at least the current level of dividend. In addition, to cover the period before the new Private Markets' investments start to make distributions, the Board is prepared to use its revenue reserves, which have been built up by the Company over many years, to support the dividend policy as required, which also provides shareholders with a level of comfort regarding regular income payments. Three interim dividends of 1.38 pence per share were paid to shareholders in March, July and October 2021. The Board is declaring a fourth interim dividend of 1.38 pence per share to be paid on 20 January 2022 to shareholders on the register on 24 December 2021. The ex-dividend date is 23 December 2021. Total dividends for the year are 5.52 pence per share, 1.5% higher than the 5.44 pence per share paid in respect of the year ended 30 September 2020. After the payment of dividends during the year, £1.1m was drawn down from the Company's revenue reserves. For the year to 30 September 2022, the Board currently intends to declare four quarterly dividends of 1.40 pence per share or 5.60p per share in total, which will be the equivalent of an increase of 1.4% on the 5.52p paid for the year under review. As in previous years, the Board intends to put to shareholders at the Annual General Meeting ("AGM") on 22 February 2022 a resolution in respect of its current policy to declare four interim dividends each year. Discount and Treasury share policy During the year ended 30 September 2021, the shares performed broadly in line with the NAV return. The Company's discount (calculated with debt at fair value) narrowed from 19.3% at 30 September 2020 to 17.9% at 30 September 2021. The Board is fully aware that this level of discount is inconsistent with the previously stated policy which is to seek to maintain the Company's share price discount to NAV (excluding income, with debt at fair value) at less than 5%, subject to normal market conditions. Whilst the past year cannot be described as 'normal', it does not fully excuse the wide discount that prevailed at the year end. Throughout the year, the Company continued to buy back shares and a total of 8.0 million shares were repurchased at a cost of £7.7 million. The Board, however, feels that in order for the share buy-back to be truly effective performance improvement from the portfolio is an absolute priority, so it will continue to make some allowances for both market conditions and the changes to the portfolio that are set out in this Report. The Board will continue to monitor the discount on a daily basis and buy-back shares into treasury, or undertake share issuance if required, when it believes it is in the best interests of shareholders to do so, while also having regard to the prevailing gearing level and the composition of the Company's portfolio. [continues]
20/8/2021
12:39
cc2014: Dear Mr. SpectoAcc, We note that you have arrived at ADIG, probably attracted by some discount in a table seeking a low risk stock paying a decent yield. We regret to inform you that all such stocks have been pumped up to the sun, moon and stars by quantative easing and if not by that by very many posts on Twitter. Research shows that if you scavange every single stock in the universe of possible choices and put in very many hours of research it may be possible to find the odd gem of a possibilty. It won't actually be a gem, it will still be over-priced, but if the share price where to drop 2% that would probably be enough to encourage you to execute the buy button with your broker. Regrettably, our research also shows that should any such stock actually drop 2%, there will be only extremely low liquidity and there are another 10,000 investors in the same position as yourself all ready to pounce on the opporuntity of a lifetime. 9,999 of these investors will be less risk adverse than you and be willing to press the buy button first. That's what it feels like to me anyway. The only stuff I can find to buy is stuff I already own and I'm reluctant too as I've got enough already or I just need the share price to drop a bit but it never quite gets there. I'm happy with my investments but would prefer I had far more holdings than I do. Enjoy ADIG whatever you do. It's a good story. Whether it's a good investment at 98p only time will tell
28/5/2021
18:56
wunderbar: Thanks to everyone who responded to my question re ADIG management fees. Having watched Nalaka De Silva’s presentation I've noted some key points. Performance measure: NAV total return (defined as change in NAV plus dividends reinvested) of 6% per annum over a rolling five year period. The growth element will come from Private and Alternative markets. The goal is to reposition the fund as follows: Private Markets 45%, Listed Alternatives 20%, Fixed Income & Credit 25%, Equities 10%. Following info taken from the Earnings slide: How does the portfolio translate to Earnings? As the portfolio transitions the predictability of earnings will become clearer as we gain more exposure to contracted cash flows from Infrastructure Assets and Credit Investments (>65% of Earnings Per Share). Additional earnings will be sourced from alternative income sources such as Emerging Market Debt, Specialised Finance and Royalties. We believe these reliable income streams will support ADIG’s ability to continue to pay sustainable dividends. A question was posed to De Silva asking if there was any kind of discount target (re NAV), he said the boards objective would be to get within 5% (currently c.18%). De Silva himself said he hopes to see ADIG “trading at close to par in a couple years time". He went on to say, “I’m pretty happy to be a fairly boring dividend play for a short period of time while we grow and provide some stability for investors”. END. As I’ve said before I’m very happy for ADIG to keep plodding on, steady as she goes, boring dividend play indeed. Who can complain with the stock generating almost 6% yield at current price. Talking of which we’ve seen a steady rise of a few pence over the last week or so, almost touching 98p now (noting 6 month trading range 92p-100p). Given the large discount to NAV (117p) I’d expect the gap to reduce considerably within 6-12 months, perhaps even touching 105p-110p. However, should De Silva’s reboot strategy fail to have any meaningful impact on NAV or share price in the next 12-18 months then both he and the board of directors will have some explaining to do, especially as the previous Aberdeen manager oversaw a c.20% decline in share price over a 5 year period, truly diabolical. Of course it’s still early days noting the change of investment strategy only became effective from AGM date of 23 February 2021. Whilst I’ve always viewed ADIG an income stock, by virtue of having the word ‘growth’ in its title it’s about time this stock actually did what it says on the tin… GROWS!
17/11/2020
21:01
wunderbar: 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.
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