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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abrdn Plc | LSE:ABDN | London | Ordinary Share | GB00BF8Q6K64 | ORD 13 61/63P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 4.05 | 2.91% | 143.00 | 2,919,673 | 13:54:12 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 142.95 | 143.10 | 144.85 | 137.70 | 138.30 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 1.55B | 12M | 0.0061 | 237.05 | 2.84B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:53:41 | AT | 891 | 143.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/4/2024 | 12:31 | UK RNS | abrdn PLC Form 8.3 - Lok'nStore Group plc |
| 24/4/2024 | 17:28 | UK RNS | abrdn PLC Result of AGM |
| 24/4/2024 | 10:16 | ALNC |  abrdn records first-quarter net inflows and says cost cuts "on track" |
| 24/4/2024 | 07:00 | UK RNS | abrdn PLC Q1 2024 AUMA & Flows Trading Update |
| 23/4/2024 | 16:31 | UK RNS | abrdn PLC Form 8.3 - Tyman plc (Replacement) |
| 23/4/2024 | 13:22 | UK RNS | abrdn PLC Form 8.3 - Tyman plc |
| 23/4/2024 | 13:19 | UK RNS | abrdn PLC Form 8.3 - International Paper Company |
| 23/4/2024 | 13:16 | UK RNS | abrdn PLC Form 8.3 - Smith (DS) plc |
| 19/4/2024 | 17:27 | UK RNS | abrdn PLC Holding(s) in Company |
| 19/4/2024 | 14:18 | UK RNS | abrdn New India Investment Trust Holding(s) in Company |
Abrdn (ABDN) Share Charts1 Year Abrdn Chart |
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1 Month Abrdn Chart |
Intraday Abrdn Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/4/2024 | 09:56 | ABRDN-Was Standard Life | 3,070 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 12:53:41 | 143.00 | 891 | 1,274.13 | AT |
| 12:53:37 | 143.10 | 479 | 685.45 | AT |
| 12:53:37 | 143.10 | 10 | 14.31 | AT |
| 12:53:37 | 143.10 | 123 | 176.01 | AT |
| 12:53:36 | 142.95 | 1,578 | 2,255.75 | AT |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Abrdn Daily Update Abrdn Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker ABDN. The last closing price for Abrdn was 138.95p.Abrdn currently has 1,962,305,360 shares in issue. The market capitalisation of Abrdn is £2,837,493,551. Abrdn has a price to earnings ratio (PE ratio) of 237.05. This morning ABDN shares opened at 138.30p |
Posted at 28/1/2024 09:48 by mcunliffe1 morning all.Spud: my current exposure is the 1545 shares I hold from the original float way back. Just recently I bought and sold soon after, twice, a chunk of £5k shares. 2857 on the first buy and 2928 on the second. I will be watching next week for a yo-yo opportunity and if I feel a drop in share price is overdone I may buy. I only have a short (no pun intended) window as off on hol's soon. If, at this moment, I was offered £2.70 per share I'd take it. Using the site I've provided a link to below since Jan 4th 2022 and Jan 2nd 2024 there has been a drop of 15.59% in the voting rights (shares). There are now 1,840,740,364 shares. This tells me it is less expensive to buy out this company now compared to two years ago. Back in eary 2022 the share price was up in the 250p region. There was a chunk of about £300m cash sat in the coffers then. Now, the share price is about 175p and that chunk of cash has gone. 270p-300p offer would be accepted in my view. |
Posted at 27/1/2024 16:29 by mcunliffe1 jubber: if Bird reduces the dividend on the basis they have insufficient cash available to distribute where did the £300m used for the buy back come from?Also, ABDN have been mentioned in an article in todays' Mail as a potential takeover target. This something I mentioned a few months back. The BB has the effecct of reducing the number of shares available and as we have seen it hasn't had an obvious effect on increasing the share price (although I can accept the counter view that without the BB the share price may well have been lower) this means in my simple terms that it will cost less to buy enough shares to initiate a takeover. I have seen the introductory offers int. inv. is now tempting new clients with: Between £100k and £160k you'll get £1250 cashback for example. In March last year I transferred £198k and was rewarded with £400 (I think). Now, I'd get £1500 for that transfer. This implies they are very keen to get new customers. I now pay £12.99 a month flat fee for the SIPP. I pay £3.99 for a trade. How are they likely to recover such outlays when they also pay a relatively decent interest rate on any cash held in the SIPP? UPDATE: Just read an ii email. They have increased the rates of interest paid on cash held with them The SIPP rates are now: 3% on the first £10k 3.75% on the next £90k 4% on amounts above that It was previously 2.75%, 3.50% and 4.00% respectively |
Posted at 23/1/2024 12:45 by mcunliffe1 That's interesting CWA1. Thanks.It has been stated on this thread in the recent past that there's a great deal of unease within the company and further, it's been stated that there's a lot of inefficiency. I suspect Bird will not be kicked out of the nest. It will be interesting tomorrow opening if ABDN share price drops below 150. I might be tempted to help the company with a small buy-back of £5k ;-) |
Posted at 19/1/2024 19:03 by mcunliffe1 No idea gaygay.I did read though (on this thread) that Abrdn have increased the AUM and numbers of clients. That could be down to Interactive Investor. The share buyback has now finished (22 Dec 2023 I believe was the last purchase) and if you believe the BB supporters' that should have caused a fall in the share price once ended as they believe a BB helps to support the share price. I don't know if BB's help or not to be frank - and I don't believe anybody else can offer a definitive explanation either. But bet you some will try tho' ;-) I do see the share price of ABDN being a bit of a yo-yo and whilst that continues I will hopefully make a small profit from nipping in and out. If I get it wrong I'll hold for the divi. Have a great weekend all, including thebutler and Pierre as I hold no grudges and enjoy the banter. By the way Pierre, ask if you want any tips re. Vietnam. |
Posted at 04/11/2023 19:33 by kenmitch MCunliffe1Ignoring the worn out case for or against buybacks, it’s worth pointing out that ABDN have been buying back their shares for around 6 years now, and they started with the share price at £5 and it has never been that high since. It’s now 65% lower than when they started buying back. Also when it comes to the pricing of shares (and again regardless of the case for or against buybacks) buybacks are NOT factored in to the share price. No way are market makers or machines saying “hang on……we must remember to factor in the ABDN buybacks,” before offering buy and sell prices! |
Posted at 04/11/2023 14:58 by mcunliffe1 Thanks PeterBill. I assume therefore that should they wish to 'reward' their directors even more they would need to issue shares to then gift to the directors.In that instance, and with your pretty solid explanation Pierre the very issuance of such shares offers the prospect that, if they are sold the share price will reduce. If we accept your logic Pierre that a company buying its own shares must cause the share price to either rise or at least to fall at a lower rate then it further follows that whilst it is dropping, as it was throughout the buy back over the past 3 months, then perhaps a temp. hold on buying-back would be sensible. Let the share price drop slightly faster, slightly further and when you judge the right time, buy more shares at the lower price and hence for the same outlay. A kind of stop-start approach. Looking at the daily RNS's as I did, in detail for a period of time during the BB that is not what I saw most days. I think the real question is: What is the purpose of the BB? With an investment company such as Abrdn I have ALWAYS maintained that to spend good money (our money) on a BB acknowledges that they have minimal idea in how else to invest our money. I have said it before but it's worth stating again here; the amount of shares bought back was significant. On 31st May there were just over 2 billion shares. On 31 Oct there were 1,876,386,037 shares. They bought 125,506,703 shares in the five months since end May 2023. That reduction is well over 6% in the number of shares. Coupled with the falling share price the resulting capitalisation value helped Abrdn to exit (again) the FTSE-100. There has to be BETTER ways to use spare money than BB's if only the management had some imagination. |
Posted at 13/10/2023 09:54 by mcunliffe1 thebutler: I'm getting my info from the same place you could if you chose to look rather than implying I'm making it up.To help, google the following "ABDN share price" and when the result is shown you'll see a graph probably showing today's share price movement. Select the Max option from the list of timescales just above the graph and you'll see what I'm seeing. I've already posted the link that clearly reports the BB announced in Aug 2018. Re. my not mentioning BB's - you will note that I was responding to your post number 2451 wherein you link the agressive buy-back to the share price up movement. Fancy trying to tie the BB into today's downward movement? Or perhaps there's no link - just the market. |
Posted at 10/10/2023 17:06 by pj84 Hoper1Here it is, it's quite long. "Panmure Gordon: ‘Something has to change’ at Abrdn Analysts at the investment bank want a change of strategy from Abrdn’s management, arguing that the right calls could provide huge value to investors. BY JACK GILBERT, VICTORIA BELL Analysts at Panmure Gordon have called for a structural overhaul of Abrdn’s (ABDN) management strategy, saying that ‘something has to change’ at the under-pressure provider. The note from investment bank Panmure Gordon, seen by Wealth Manager’s sister title Citywire New Model Adviser, criticises Abrdn’s management decisions and recent performance and warns of the possible risks of its re-platforming project. However, it also increases its Abrdn recommendation from ‘hold’ to ‘buy’ on the basis that the component parts of the business outweigh its market capitalisation of £3bn. It concludes that if management changes tack, the business has value for investors and its share price can rise by almost two-thirds. Despite ‘management messaging at the interim results putting a gloss on performance to which we cannot subscribe’, the analysts said there is now a significant gap between Abrdn’s market cap and the underlying value of its assets. ‘There remains the real risk that value leaks through mismanagement, but the value gap has reopened and so opportunity is again in the share price,’ the note says. Platform struggles Under its CEO Stephen Bird, Abrdn’s leadership has been attempting to change the business’s reputation as a life and pensions company, in favour of a tech-focused asset manager. However, it is facing some severe headwinds, including the recent performance of its platform business (which sits under its Adviser division), highlighted by Panmure Gordon. Abrdn is gearing up to re-platform Elevate and FundZone adviser users onto its Wrap platform, which will be rebranded as AdviserOS. As part of this move, it launched a big software upgrade for Wrap in February, which caused issues for IFAs and contributed to it seeing a £600m net platform outflow over the first half of 2023. The analyst note said the challenges Abrdn faces with the re-platforming could be even worse than many are anticipating. It cited NMA’s article in August that revealed that many advisers are holding off placing new platform business with Abrdn. ‘As was seen by Quilter previously, the negative impact from a technology mishap tends to be less short term than the company initially hopes,’ the note says. ‘It can take multiple quarters, if not years, before advisers regain confidence and trust in a platform. ‘The prolonged impact from technology disruption and damaged adviser relationships is likely to exacerbate the already weak relative performance of Abrdn’s adviser platform, we fear.’ Panmure Gordon says Abrdn was already losing platform market share before the re-platforming and is close to being overtaken by Quilter as the top platform by assets. A spokesperson for Abrdn pointed to its platform business generating £103m of revenue and £49m of profit in the first half of 2023. They also said that now its tech upgrade for Wrap has finished, the launch of AdviserOS will allow it to be a ‘key differentiator in the market’ and Abrdn will add more platform solutions for advisers including its managed portfolio service. ‘Despite the market volatility, the mid-term market opportunity remains compelling – with forecast assets under administration growth of 11% per annum,’ the Abrdn spokesperson said. ‘Using the capacity creation from our technology upgrade, we are well positioned to drive new business.’ Weak investment performance Ever since Standard Life’s merger with Aberdeen Asset Management in 2017, the combined group, which rebranded as Abrdn in 2021, has seen its asset management arm struggle for performance and flows. Over one year, 64% of its assets are in the bottom half for performance against their peer groups, according to analysis by our sister title Citywire Amplify in June. In July, Abrdn announced the closure of Global Absolute Return Strategies (Gars), once its flagship fund, and in April it was reported the firm was to cut 27 roles from its multi-asset team. Abrdn’s management team laid out plans in March 2021 to focus its asset management arm on Asia, private markets and its wholesale channel, but Panmure Gordon analysts are unconvinced that this strategy has ‘achieved its aim of delivering a better flow performance’. Excluding the assets it is losing as part of the Lloyds Swip transfer, Abrdn saw net outflows of £5.9bn from its fund management arm in the first half of 2023. One shining light in Abrdn’s recent financials has been the performance of its direct-to-consumer platform Interactive Investor, which sits in its personal division. Interactive Investor’s revenues jumped from £40m to £115m in H1 2023. Panmure Gordon acknowledged that Interactive Investor has performed strongly since its takeover in 2021, but added that this outperformance was driven by its cash margin, which generated £66m in revenues in the first six months of the year. The analysts cautioned that while this cash revenue is a valid source of income, ‘elsewhere in the sector, Hargreaves Lansdown is rarely praised for its revenue benefit from treasury income’. Abrdn’s acquisition of investing community forum company Finimize was also singled out by Panmure Gordon as a ‘very poor one’. Since the acquisition in 2021, Abrdn has written down Finimize’s goodwill by £55m, wiping off around two-thirds of its original value of about £87m at the time of the deal. Despite the challenges and missteps pointed out by Panmure Gordon in its note, the analysts believe Abrdn’s share price, which has fallen by 34% since the end of July, is undervalued by the market. This assessment is based on a valuation of its component parts, which it aggregates to be £4.2bn, discounting any synergy between the divisions it does not believe is being seen by investors. The components are as follows: 10% stake in Phoenix, currently valued at £500m. Surplus capital of £1bn at the time of the interim results. Personal business value of £1.5bn, including a £1.3bn value for Interactive Investor (bought for £1.5bn). £1bn valuation for its platform business, based on a 15x multiple. £300m valuation of its fund management arm. Based on these figures, Panmure Gordon believes there is significant opportunity for share price growth if the ‘board steps up’. Its price target for Abrdn is 250p per share, compared with its current price of 155.1p. ‘Whether it is this leadership team which realises the value is moot,’ the note said. ‘Reflecting the value opportunity and the need for the board to step up, we return to a buy recommendation.̵ Not everyone is so confident, however. Last week, two new short sellers – AHL Partners and Samlyn Capital – took out short positions against Abrdn. Abrdn has been approached for comment. |
Posted at 02/10/2023 15:50 by mcunliffe1 Ok, I'm just not getting it!It's complex. It's not about instantly increasing the share price It's long term. WHAT IS? What exactly is a BB meant to achieve beyond the obvious hoovering-up of shares? You (and others) have often stated that a BB supports the share price When we see the share price isn't/hasn't risen the claim relates to how bad it would have been without the BB. Unsure what you'd all argue in the event of a rising share price as such hasn't happened for Abrdn in the past few years. One very obvious result of buying back 10% of the shares with a falling share price is the resultant reduction in simple capitalisation (qty of shares times current share price) that caused Abrn to be moved from the FTSE-100 to the FTSE-250. Another obvious result will be either an increase in the dividend (perhaps 10%) or at the least, an admission that the dividnd payout will cost less should they retain it at 14.6p next year. |
Posted at 19/8/2023 11:00 by kenmitch We can’t know where the price would be if they hadn’t been buying back. We can NEVER. know that for any share, not least because it’s buying and selling that moves share prices and buybacks are NEVER factored in either by computers or human market makers when share price is decided.It’s obvious that regardless of whether buybacks overall are a good idea, it’s foolish to claim that ABRDN’s have worked! I don’t go for personal attacks but the “thick head” comment is inappropriate for Spud but is appropriate for people who can’t even understand that buybacks flowed by a 70% share price fall have NOT been a success! They started buying back several years ago at £5 compared with 160p now and even lower 130p not that long ago. So their buybacks have been a waste of a lot of money! To claim otherwise is simply denying what the share price is telling you. Spud has got it right. He has looked at the facts,unlike some who seem blissfully unaware of the obvious! Buybacks CAN work well. e.g NEXT only buy back when they think the share is cheap, and not regardless of share price which is the case with so many buybacks, including ABDN where they started buying back at a high price. NEXT have halved the share count with their buybacks and their share price has soared. ABDN’s share price has FALLEN nearly 70% since they started buying back at £5. |
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