Abrdn Share Discussion Threads

[spud] 14/9/2021 19:19

I don't understand the rbnd either. I guess they are trying to appeal to the younger generation and feel that they will respond positively to this type of text abbreviation. However, as long as they continue to pay a decent dividend and increase profits I don't really care. spud

[gaygay3] 19/8/2021 11:12

down today because of ex div plus fts taking a bashing on the fed tapering back at the end of year nothing to with the BOD

[gaygay3] 19/8/2021 11:12

down today because of ex div plus fts taking a bashing on the fed tapering back at the end of year nothing to with the BOD

[spud] 19/8/2021 09:35

Ex dividend today. spud

[tornado12] 19/8/2021 09:20

How low can this fall after the H1 results ? The divi is secure in medium term but the drip down in AUM is causing the main pain ! I’m in only for divi return , but not convinced yet that this BOD can really turn things around … I don’t see the dynamics in this company today !

[garycook] 17/8/2021 02:32

gaygay3,Nice you have a 7.12% return yield on your investment in ABRDN.

[gaygay3] 16/8/2021 17:45

what I meant was I brought SL in March 2020 for a average of 205p so if you can get them cheap and take the risk it can pay of i thought 205p was cheap at the time

[mcunliffe1] 16/8/2021 16:42

ABRDN is cheap gaygay3. Probably get cheaper until management get the gist of running a profitable company.

[gaygay3] 16/8/2021 13:50

it’s ok buying dividend paying shares if you can get them cheap which is hard to do

[zac0_4] 16/8/2021 12:38

I often wonder why I ever thought investing in dividend paying shares was a good idea!

Maybe I just pick the wrong ones. Aberdeen, Shell, BP, New River Reit etc. Each and everyone has cost me money.

Thankfully the largest proportion of my portfolio is in well managed global equity funds. Fundsmith equity, Rathbone global opps and LF Blue Whale equity.

Absolutely no competition!

[chinese investor] 16/8/2021 08:25

Not Good !

[amanitaangelicus] 13/8/2021 08:04

Dim as name change ...fk me.

[gaygay3] 12/8/2021 15:28

Hi tartshagger

do you own shares in ABRDN

[tartshagger] 12/8/2021 14:09

I like my directors to have a substantial shareholding in companies where I'm a LTH. The Chairman holds ~90,000. The CEO holds 500,000 mostly as unvested bonus shares and the CFO holds 133,000, also invested performance bonus shares. Most of the other directors hold nil shares, or less than 100,000. Which says a lot. I suppose we have to give them the benefit of the doubt and a couple of years to see what happens. But with AUM dribbling away each month and little other sources of income, this looks like a sell into strength before some really bad news hits the sp

[mcunliffe1] 11/8/2021 21:25

RyeSloan
Really appreciate the info. Differentiating their respective functions isn’t easy as neither company is overly communicative.

Thankyou.

[ryesloan] 11/8/2021 18:02

Abrdn are the asset manager to Phoenix / Standard Life that's what they do!Your smaller companies fund is managed by Abrdn through Harry Nimmo and his excellent small cap team.If only the rest of Abrdn's investment performance was as good as theirs!

[tornado12] 11/8/2021 10:15

I think investors are here for 2 main reasons ;

1. The 6% divi with backup from the strong balance sheet to maintain over medium term even with poor coverage
2. The belief that the continued reshaping of the cost base and development plan for increase revenue will reward in next 1-2 yrs.

Is clear their current track record after merger is pretty dire, but looking forward there is opportunity and this is where the growth can start from now !

The fact they have £1,07B invest in PHNX also bodes well .

I prefer the business plan of LGEN, but far too heavy loaded already

GLA

[chinese investor] 11/8/2021 09:52

24p to 315p !

[mcunliffe1] 11/8/2021 08:28

Pierre, success or otherwise with endowments seems to be related to the timeframe.

My dad joined S.L. in about 1964. He was a very supportive 'company man' after serving his time with the likes of Co-Operative Insurance, Colonial Mutual and others before my time.

He was a firm believer in endowments - many banks were as well hence Lloyds for you and Halifax for me. They were correct in that belief for much of the 70's, 80's and into the 90's. I've posted on this thread in the past the terminal bonus percentages for each year (and half year in later, troubled times). It shows such a decline from over 200% down to single figures.

If your policy matured in the 80's or before you were 'quids-in'.

When it all started to go pear-shaped I still had one endowment left. It was due to mature in March and I knew that terminal bonuses were amended (always down at that point) about 1st Feb. so took the decision to surrender it in mid Jan much to the surprise of S.L.

Later, after the bonus announcement, I calculated I was about £2k better off compared to leaving it that extra month but being subject to the announced and reduced terminal bonus.

Interestingly, I still hold three With Profit pension policies and a couple of weeks back the terminal bomuses on those were reduced by about 10% in value terms. They were also reduced in Feb 2021 and Aug 2020. I'm awaiting a written explanation from Phoenix (Standard Life) justifying their decision when their public announcement on the website states that 'many customers are seeing their policies increase in value overnight'. Not me though.

[pierre oreilly] 11/8/2021 07:53

Jeez, five endowments. You must have been rolling in compensation.I ended up with an endowment because I had no choice. I managed to get a Lloyds mortgage at 7× my then salary which they'd only give me with a sl endowment. 3x was the max usually, but I explained my circumstances to my long standing bank manager and he approved it. My take home salary didn't meet the repayments! Once I had the house sorted, I went back abroad earning 3x my UK engineering salary, tax free.But the overall return from the endowment is hard to work out. Paid out peanuts if course, 25% below mtgage ( which had been quickly paid off) when the indications originally were 3x mortgage payout.So I got reasonable compensation, a few shares, and a bit of cash after 25 years. But that was the first and last financial product I had.

[tornado12] 11/8/2021 07:50

Ok thanks for your open comments. I agree with your train of thought, but here’s the thing, I’m hoping in the next 1-2 years they are back in growth pattern. I’m in with a 5 figure sum myself and consider it the least stable of my portfolio and could consider to sell at some point in future. They are sitting on a huge amount of liquidity and the divi is 6% . There remains doubts on the capacity of the MB to steer this ship , but they have all the tools needed to do it. I will give them some time to demonstrate a real change in direction, but by no means am I locked into ABRDN

[unastubbs] 11/8/2021 06:05

tempus (the times) "avoid"