Abrdn Share Discussion Threads

[pander45] 29/11/2024 15:16

Yep this is getting taken out.

[longwell] 28/11/2024 21:56

Next target after direct line.

[crapfingers] 28/11/2024 15:09

I hope he listens

[cwa1] 28/11/2024 14:24

jonnybig

I'm not certain who or what you are referring to but...please...no personal comments.

Thanks

[jonnybig] 28/11/2024 13:42

Your mum gave birth to you?

spud

[ricardo montalban] 26/11/2024 15:44

This shxt has sub a quid written all over it in upcoming 2025 meltdown/selloff. I wonder whether dividend doesn’t get cut but instead gets suspended, even Schroders at 15 year lows now which is a better company, U.K. financials wrecked since 2016….i wonder what happened around that date😂

[netcurtains] 25/11/2024 19:27

mustn't grumble

[mister md] 25/11/2024 16:27

Stop moaning - one of the top gainers now (+3%) ;-)

[netcurtains] 25/11/2024 08:18

Crazy..... All the other finance companies are up and ABDN down.....
I guess its to do with problems in the oil industry in Aberdeen or its the wrong type of snow on the hills.

[juliemara] 25/11/2024 07:37

They have to show that they're earning those seven figure salaries. 🙄

[cwa1] 25/11/2024 07:21

Savage, ahem, cut from Morgan Stanley. Well worth doing...

* Abrdn Plc ABDN.L: Morgan Stanley cuts target price to 148p from 149p

[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