Abrdn Share Discussion Threads

[montyhedge] 01/3/2022 14:19

Is it market thinks overpaying for ii, 1.5 billion, that was before all the uncertainty in the the market now. I bet ii directors bite their hand off for that deal.

[netcurtains] 01/3/2022 14:12

If you do this combination of the #FTSE100 top ten companies with best PE (lowest), best dividend (highest) and best (assets - liabilities / market cap) then ABDN comes top using known data

(I don't know about anything hidden stuff that the market knows but I dont).

[unastubbs] 01/3/2022 14:05

i thought it was a bit much as well...

[netcurtains] 01/3/2022 13:56

To be honest I think the market hated the over the top number of RNS releases.

It makes suspicious people think that one of them has something dodgy in it that they might be trying to hide.

[unastubbs] 01/3/2022 13:43

there's no reason for them to cut the dividend, they are sitting on masses of cash, they are due to retun cash from an asset sale, as the IC article the discount to NAV is enormous...shame the market isn't playing ball but there it is...some you win!

[tartshagger] 01/3/2022 13:29

In these troubled times with high heating gas and diesel costs, renewable energy stocks are holding up well. BSIF and JLEN are both paying ~6%. Who knows what the loonies pulling the geopolitical strings will do next? Gold bullion and silver are both holding up well too. If you need distraction as you watch your capital evaporate here, remembering the board have already cut the divi, BullionVault.com is worth a read

[geckotheglorious] 01/3/2022 13:28

Una
Behind a paywall, cant read it.

[unastubbs] 01/3/2022 13:22

Abrdn contemplates a troubled future

[montyhedge] 01/3/2022 13:12

In these market times of uncertainty, I reckon the ii buy is possibly overpaying.

[chinese investor] 01/3/2022 12:26

Good opportunity to top up !

[coxsmn] 01/3/2022 11:55

Nonsense.
ii will add double digit growth.
Markets are down across the board due to the Putin effect.

[tartshagger] 01/3/2022 11:54

@CI - 170 to 25p. The market really dislikes the ii buy at the price reported. The AUM figure is irrelevant because the funds can evaporate at the stroke of a pen. ABDN is only worth cash in hand. Short

[spud] 01/3/2022 11:49

No different to any other similar company. I just think this is seriously out of favour atm as the results were good.

Am happy to hold and add when I see the tide turning.

spud

[coxsmn] 01/3/2022 11:47

This is miniscule compared with their AUMA of 542bn.

[gaygay3] 01/3/2022 11:40

ABRDN have £2bn of clients money invested in Russia and Belarus said it has been cutting it’s position in the region maybe that why the share price has dropped so much since the trouble between Russia and Ukraine

[coxsmn] 01/3/2022 11:24

Yes, post 407 - minimal exposure held passively in funds.

[geckotheglorious] 01/3/2022 11:23

Panshanger

No mention of being blocked though


"Fund manager Abrdn struggles to offload Rosneft stake"

FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from companies with links to the Russian state.
Abrdn, which has around £535bn assets under management, has been looking to offload its stake since immediately after the Russian invasion of Ukraine, Sky News’ Mark Kleinman first reported.

The reports come after BP announced it would sell off its stake in Rosneft yesterday, which had been valued at about £10.4bn but is likely to be shipped on for far less than that valuation, due to difficulties in finding a buyer.
Abrdn yesterday publicly backed BP’s decision to divest from Rosneft.

Andrew Millington, head of UK equities at the Abrdn, said: “We are strongly supportive of the board’s decision and applaud them for taking swift action following the events of the last week.

“While there may be a significant financial cost to BP in exiting Rosneft it is unquestionably the right thing to do”.

[panshanger1] 01/3/2022 11:18

I thought I read yesterday that they had some exposure to Rosneft - tried to offload it but were blocked

[jubberjim] 01/3/2022 11:16

Here we go again

You think I would have learned my lesson

Stick to the ones you know

Haven t given up on Abdn yet but is testing my resolve

[netcurtains] 01/3/2022 11:14

Is there anything hidden like the company is linked to Russian Billionaires???
Or has assets in Russia?

Anyone know?

[coxsmn] 01/3/2022 11:10

Just added at 7.4% yield.

[mister md] 01/3/2022 11:01

Yes its the tanks that are the problem right now

[gaygay3] 01/3/2022 09:32

Just had a look at share price and it’s tanking

[gaygay3] 01/3/2022 09:30

Thought these would go below £2 not looking good