Abrdn Share Discussion Threads

[investoroilandgas] 03/3/2022 20:33

So two days after the Annual Results were released, the CFO buys 40,000 shares unbelievable. Surely the board of Abrdn wants the market & shareholders to know that they are completely behind the "growth strategy" ? How about buying hundreds of thousands of shares, money talks !

[cwa1] 03/3/2022 16:22

Chief Financial Officer Stephanie Bruce buys 40,000 shares at 199.40 pence, worth GBP79,760, on Thursday.

[montyhedge] 03/3/2022 16:20

Problem is the uncertainty in the general market. Hits the good, bad and ugly all the same.

[value hound] 03/3/2022 16:15

Bought more at sub 190p - frightening!

[cwa1] 03/3/2022 14:10

You will NOT get the dividend for BARC if you sold yesterday, no matter what you do today or any other day

[chinese investor] 03/3/2022 14:05

jubberjim,
As you sold on the day before the xd date you will not get the dividend.
If you buy today you will not get the dividend.

The value date is irrelevant (though you cannot use the proceeds from the sale to buy today) but...
...seek information from someone who knows what they are talking about !

Anyone with other view ?

[jubberjim] 03/3/2022 12:56

Re my earlier post Barclays /Lloyds
Barclays I sold yesterday but they go X dividend today 3 march
The value date when I sold was 4/3

Do I still qualify for the dividend or if I buy back today will I qualify for dividend

Appreciate any wisdom completely forgot to check X dividend date

Thanks

[investoroilandgas] 02/3/2022 22:20

I think that's fair comment lippy4, that's why I say Stephen Bird has 12 months to turn things around.

[lippy4] 02/3/2022 22:09

the only people who have made money from this share have been the directors and the shareholders have been shortchanged hugely..

over the years i have watched their management of this company destroy the value i have had by half yet they have continued to collect their free shares and high salaries for this appalling management..

[investoroilandgas] 02/3/2022 21:46

Excellent post wunderbar.
I think I might the poster to whom you are referring to. My understanding as to the Special Dividend comes from the initial Phoenix Group share sale announcement in January 2022 and yesterday's Annual Report. Furthermore, precedents have been set, having checked my shareholder letters, SLA paid a 33.99p dividend which also involved a 7 for 8 shares consolidation on 2 November 2018, I recall them calling it a Capital Return rather than a Special Dividend payment.
Given the the Abrdn share price has fallen by more than 1/3rd during the last year, I would hope that the Board will be focussed on giving shareholders a reward for loyalty given the significant reduction in the value of our shares. I have been averaging down yesterday and today across my various accounts. Stephen Bird needs to make sure that his strategy for growth delivers in the next 12 months otherwise the Board will be going through another selection procedure.

[jubberjim] 02/3/2022 17:55

By the way very worrying to me personally when Deutsche puts a buy rating on a stock.

[jubberjim] 02/3/2022 17:53

Doubled my buy from couple of days ago so average now slightly more amenable

Not to far to go to break even but I have to say up until the sceptics came in this pm the market looked to me to be very nervous and any move up was sold into

Nerves i feel playing a big part in this due to the Ukrainian situation I will be looking to go back into cash before the weekend and go again on Monday

By the way sold all my Barclays bought Lloyds this time round will hold

Keep safe fun starts again next week

[spud] 02/3/2022 17:46

Nice summary W. spud

[wunderbar] 02/3/2022 16:17

Like many others on here I’m feeling the pain right now, despite the fact I only started buying into ABDN two weeks ago! Initially paid 230p and been adding since, including today at 192p – not far off its 174p low seen at the tail-end of the Covid crash in March 2020. Seems extreme that we’re even close to these levels again given Covid literally crippled the world, whereas Russia/Ukraine incident, tragic as it is, doesn’t come close to the worldwide economic/human destruction caused by the former. Right now the market is gripped by the fear of uncertainty surrounding this conflict. It’s during these times of crisis that stocks become heavily discounted and ABDN’s share price looks very attractive right now (c.198p).

ABDN has fallen 20% this past month (whilst JUP has fallen 12%). In fact both companies have taken a clobbering this past year, down 38% and 28% respectively. ABDN is now yielding 7.4% (JUP 8.4%). With the sector firmly out of favour both look massively oversold and due a recovery of sorts.

If I’m not mistaken [using y/e 2021 figures] Abrdn has a total equity value of £7.8bn vs £4.31bn market cap. An excerpt from a recently published Investors Chronicle article states; “Even with the cash outflow from the purchase of ii, Abrdn is sitting comfortably on an underlying capital surplus of £1.1bn, or roughly a quarter of its market cap". Surely there's value to be had here?

A lot of investors are rightly asking the question; is ABDN paying too much for ii? Here’s a snippet from another IC article; “For valuation purposes, we continue to model this deal as paying £1.5bn in order to acquire £1.2bn of value (in terms of what interactive investor becomes worth as part of Abrdn),” said David McCann, analyst at Numis. In other words, an estimated £300m net loss on the asking price. Ultimately, Numis reckons that most of the value in Abrdn shares will take an activist investor to unlock.”

I think it’s likely they are overpaying – purely because most companies do! But I guess we’ll find out the true value in the next 2-3 years. Nonetheless, it is a premium asset with a good reputation, not to mention 400,000 customers. As long as Abrdn don’t tinker with the platform it should do well. Or let me put it another way, I hope they don’t mess it up like the £11bn merger of Standard Life & Aberdeen in 2017. Today, market cap only £4.31bn.

There also seems to be confusion surrounding the capital return of £300m from Abrdn's stake sale in Phoenix. Another poster on LSE forum said it will be paid to shareholders in the form of a special dividend as stated in yesterday’s RNS. However, from what I can see the company actually stated; “Commitment to shareholder returns demonstrated by intention to return cGBP0.3bn net proceeds from sale of 4% stake in Phoenix to shareholders, method and timing to be announced as soon as practicable”. Key word here is “method”. Sounds very ambiguous to me – doesn’t specifically say special dividend, could equally mean a buyback which would be hugely disappointing (and waste of money). I’d want the cash.

I don’t particularly want to top up again (already down c.10%) but might feel compelled to should we see 180p (surely not). I’d certainly feel a whole lot more comfortable with a share price of 230-240p. Looking ahead to the end of the year my best case scenario is 250-260p.

Earlier today Deutche reiterated ABDN as hold with a price target of 275p.

[montyhedge] 02/3/2022 14:43

Should settle down around 215p, when it has a run. On the most oversold on the RSI index this morning.

[chinese investor] 02/3/2022 13:20

monty,
Are you going to put your last rooble into this fine company ?

[montyhedge] 02/3/2022 12:24

On ABDN, RSI has oversold, to be fair with that yield should be over 200p

[skinny] 02/3/2022 12:13

Macro events apart, it is looking very oversold.


free stock charts from uk.advfn.com

[chinese investor] 02/3/2022 12:10

4p To 200p !

[netcurtains] 02/3/2022 11:57

CEO bought 50,000 at 11:10...
That is the third director buy.
Coming in fast and furious now.

[spud] 02/3/2022 11:32

The more it drops, the greater the chance of a takeover.

spud

[netcurtains] 02/3/2022 10:50

Yes I'm in for the numbers(I guess we all are). But the fall is happening even though the numbers are good.... As its prolonged it feels like someone must know something we do not.

[chinese investor] 02/3/2022 10:48

I'll concede abdn is unloved but the numbers are good !

[skinny] 02/3/2022 10:42

Added a few more this morning - 50p lower than my first purchase a month ago 🙄