Abrdn Share Discussion Threads

[gaygay3] 20/11/2024 22:15

Not another turnaround last CEO said he would turn it around that was about 3years ago unfortunately he made it worse

[swiss paul] 19/11/2024 17:28

Any background on Meyer?

[pj84] 19/11/2024 11:16

Lets hope the changes start to bring about the badly needed change at Abrdn



Abrdn appoints new investment CEO

Xavier Meyer to replace Rene Buehlmann as head of business that registered £3.5bn in outflows during the last quarter

By Charles Walmsley

Abrdn has appointed Xavier Meyer to lead its investment business as new company CEO Jason Windsor shakes up his senior leadership team.

Meyer, who was previously chief client officer at the asset manager, faces the challenge of reversing continuing outflows from the company’s funds.

A third quarter trading update published in October showed £3.5bn (€4.19bn) left Abrdn’s funds between July and September.

Meyer succeeds Rene Buehlmann as investments CEO. Buehlmann, who only took the job in 2023, will leave Abrdn.

The change is part of a new group operating committee being set up under Windsor’s leadership.

It will also see Richard Wilson become group chief operating officer. Wilson will continue to be CEO of Interactive Investor, the direct-to-consumer platform Abrdn bought for £1.5bn (€1.8bn) in 2021.

In a statement, Abrdn said Wilson would be responsible for technology capability and driving the efficiency of IT and operations.

‘These changes are about having the right people in the right roles, sharpening our focus on clients, and strengthening our investments business,’ Windsor said.

Windsor was appointed CEO of Abrdn in September, taking over from Stephen Bird. He has been tasked with turning around the company’s poor share price performance, which has seen shares fall more than 55% from the company’s five-year peak at the end of 2019.

[jubberjim] 16/11/2024 16:22

Peat

As usual talking through his hat

I have no idea what he is talking about,unfortunately neither does he/she/them.

Lot of anger in his posts.

Calm down take a chill pill come back with a witty riposte occasionally not the same old cant(had to check my spelling there).

By the way Peat bought my last lot here at 132 as posted at time.

All the best seasons greetings and all that

[mcunliffe1] 16/11/2024 13:26

Pierre, Hi. I assume you means Lloyds Bank in post 3827?

I've held Lloyds shares (a small amount) for some years. A hangover from Halifax I believe but may be wrong as it's so far in the past.

If I'm correct in Lloyds Bank I do not see their shares as having risen much since mid May 2024. End of Jan to mid May I accept, they did rise but hardly massively.

[sigmund freud] 16/11/2024 13:02

free stock charts from uk.advfn.com


The 3 year chart is at a crucial point. Those expecting to double their money in 8 years are clearly interpreting this point to be the start of a double bottom. They are more likely to be up their own bottom.
We have a recent death cross with the share price to shortly hit the short term declining ma. At an all time equal low.
Even endless buybacks have not been able to push this baby up.
It looks like we are about to see the launch of the abrdn capitulation fund

The very long term chart and my interpretation of it is of a target of somewhere near 105p in the near future.

free stock charts from uk.advfn.com

[pierre oreilly] 16/11/2024 11:21

I think the problem with the visibility of buybacks is that they have a second order effect, where divis have a first order effect which is easy to see.

,I.e you get your mits directly on the cash iwth divis, the second order effect with divis though is that the price goes down by the divi amount on opening on xd day, which many prefer to forget about.

[mcunliffe1] 16/11/2024 10:52

Uptick there kenmitch. A sensible explanation and without distracting irrelevances.

Why on earth are baby-boomers in the frame net? And, I note, they are 'selfish'. Sweeping and unfounded statements to muddy a poor argument don't impress me much.

pdo: it has to be considered that had the money not been spent on those buybacks it would now be sat on the balance sheet and make the (larger) dividend somewhat MORE covered. If that spend had been directed to alternate share purchases - in part to diversify the 10% of PHNX that Abrdn own - maybe, just maybe that money would be worth considerably more and/or reaping dividends that would be flowing into Abrdn's coffers.

Consider the concept to be similar to what Abrdn is supposed to excel at. Picking investment winners.

that takes a decent management team though.

[kenmitch] 16/11/2024 10:00

Your theory is nonsense netcurtains.

What about all the shares that pay big dividends and the share price rises? You seem to assume that big dividend paying shares can’t also have big share price gains. They can and do.

I hold big dividend payers where the share has tripled. Some big dividend payers including Investment Trusts that have increased their dividends for over 50 years have multi bagged. Shares that opted heavily for buybacks have gone bust or also multi bagged.

What matters longer term is neither dividends nor buybacks. It’s how successful or otherwise their business is. If it’s a roaring success story with fast increasing profits and cash generation the share price will do very well, buybacks or no buybacks and dividends or no dividends.

If the business is a shambolic badly managed failure, as unfortunately ABDN has been, the share price will fall.

Best to forget your rubbish theory and exchange it for a bit of common sense along with basic obvious facts?

[pdosullivan] 16/11/2024 09:53

Given that ABDN has an uncovered dividend, were it not for previous buybacks there would be a higher risk of the DPS being cut.

[netcurtains] 16/11/2024 07:51

buybacks work that this (for the shareholder)....

A company that pays a 10% dividend and has a stable (or falling) share price.
Each share they buy back they, the shareholder gets their money back after about 8 years.
After 16 years a shareholder doubles their money....

So please stop staying buybacks dont help shareholders. The maths clearly states they do.

What anti-buybackers are really saying, they, like the self-fish baby-boomers they have always been dont want to leave the benefits to the next generation of pensioners they want to bleed Britain dry and then blame it on Labour/Conservative governments... But in fact the blame is with the baby boomers who want to take all the money out of their companies NOW (special big dividends?) and give none back to the next generation.

[fenners66] 16/11/2024 01:28

Thanks Skinny

[jubberjim] 15/11/2024 15:15

This TSD is in with the net spread waiting to take advantage of the blue funk that is endemic at the moment.

I am not buying but waiting to be given.

Trouble is such is the fear gripping the market that it will just feed upon itself.

Get a grip you lot bargains out there.

[skinny] 15/11/2024 13:02

Fenners - see

[swiss paul] 15/11/2024 12:05

Yeah share buybacks really only favour the brokers who handle the buying, everyone else (except the Board) loses out.
I think its a lazy way of saying we cant think of anywhere to put our money that would give a better return than us. Give it to us. I have a lot of places that I know will give a better return.

[netcurtains] 15/11/2024 10:23

fenners66: I encourage you all to walk backwards.

[fenners66] 15/11/2024 10:13

Whilst everyone is looking at now withdrawing all the money from their pension funds before they die so their families can avoid the impending double taxation of IHT and Income tax on beneficiaries !

Say one thing do the opposite !

[parob] 15/11/2024 10:01

hTTps://www.lbc.co.uk/news/rachel-reeves-pension-mega-funds-red-tape/Rachel Reeves to 'rip up financial red tape' with pension 'mega funds' freeing up £80 billion for investment

[netcurtains] 14/11/2024 18:56

I see II website was updated today.....
Nice to see they are actively proving the site.

[joshuam] 14/11/2024 10:13

Let’s hope Aberdeen get a slice of the pension mega fund

[mister md] 14/11/2024 09:03

There comes a time when negative sentiment overshoots to the downside, often followed by an 'unexpected' recovery. Look at Burberry today, dreadful results but shareprice up 14%.

[ricardo montalban] 13/11/2024 20:56

I’d make the most of your dividend here, this will be cut and cut again. Terminal. Schroders is a better manager and they are getting shredded as well, back to where they were 15 years ago share price wise. Just avoid U.K. shares especially capital destructive dividend dross the ftse is full off. Hard to believe what’s happened to the U.K. for investing, especially since 2016 when everyone overseas started pulling their money out. Still perceived as a basket case even with the brexit loonies gone.