Abrdn Share Discussion Threads

[svend] 22/11/2022 21:36

Onwards and upwards let the II earnings help kick start a road towards recovery along with the increase in AUM in China

[montyhedge] 22/11/2022 17:51

Should get back in the FTSE 100 easily. Did predict it four weeks ago.

[geckotheglorious] 22/11/2022 16:09

abrdn set to return to FTSE 100
Along with Weir Group

[jubberjim] 22/11/2022 13:18

Ok thanks everyone

Yet another reason for me to stay away for time being

Await details of return to shareholders but unfortunately share buy backs do not set my pulses racing

Good luck everyone

[marketmuser1] 22/11/2022 10:54

Archax are trying to assist in the building of the tech required to allow crypto investing into funds.It's a bit more in-depth but think of a crypto share class on a typical OEIC where a crypto holder can buy the fund directly without having to turn their coins into fiat currency first.The abrdn investment wouldn't have been huge in ££ terms and not really a direct exposure to crypto in that regard.

[mcunliffe1] 22/11/2022 10:16

jubberjim: I have limited knowledge of the crypto world beyond the following;

a mate of mine who is financially very 'savvy' invested in several powerful computers with the specific intention to mine bitcoins. He started this at the back end of 2021 and found the heat generated by these computers was so great he could avoid putting-on his central heating. The downside was of course the very high electricity bill.

He realised that as electricity prices started to ramp-up the cost/benefit ration was skewed somewhat - so he sold the computers.

He did however take advantage of the Visa Crypto Credit Card that offered some quite decent incentives if you invested (somehow) in bitcoin.

I've spent over 40 years in I.T. and he tried to explain how 'mining' works.

I came to the conclusion that it is akin to a pyramid selling ploy as the difficulty in mining a coin is increased as the number of coins 'found' is itself increased and as computer speeds increase. The creator (whoever it really is) has built-into the production system a self-governing suppressor I presume in an attempt to retain a constant value for each coin - of which only a limited (albeit) large number can be manufactured.

My conclusion may be tosh - but I've stayed well away from bitcoint and crypto.

[tuftymatt] 22/11/2022 07:13

This one has held up quite well since I sold out and got to the kind of level I sold at yesterday at one point.

Not sure but am considering a small buy order at 194 just to see if it can have a push further into the 200's.

Good luck all holders.

[jubberjim] 21/11/2022 19:26

I seem to remember an announcement as to Aberdeen taking a stake by way of investing in *archax* with a few to gaining exposure to the crypto currency markets

Since announcement was made have not heard anything of note but in light of the current turbulence being experienced in the crypto world would be interested to hear those with more knowledge of crypto as to their thoughts as to what if any impact this will have on Aberdeen's prospects.

[unastubbs] 21/11/2022 08:23

Yes I did mean m instead of b 😅 my bad!

[unastubbs] 21/11/2022 08:22

Hi cwa, it's all in this article from September

www.ft.com/content/92aa798d-22b1-43ed-bdd4-46dabe7c8f8c

[cwa1] 21/11/2022 07:34

Morning Una

I haven't looked at the figures you mention for quantum AT ALL but I reckon it's unlikely that a company valued at about £4B will return cash of between £400B to £500B. The same for the share buyback scheme you mention.

I'm assuming you meant M rather than B after the figures? Again, I stress I haven't checked ANY of the figures you mention, I'm too indolent and haven't had a coffee yet either :-)

[unastubbs] 21/11/2022 06:51

#1586 Thanks. Please explain.

[not my real name] 21/11/2022 01:21

unastubbs,

Very poor attempt at simple arithmetic! :-)

NMRN

[lippy4] 19/11/2022 22:31

i wish once again..

[unastubbs] 19/11/2022 21:40

I noticed that the ft article from September which suggested that there wd be a cash return of between £400b to £500b also mentioned that the figures included £150b from the (then) proposed 2nd tranche of the buyback scheme. That scheme commenced on 31 October meaning that a special div, if the return is made in that fashion, would be of the order of between £250b to £350b. There are roughly 2.0665b shares in issue - calculated by subtracting all the buybacks announced in the second tranche so far from the stated amount of shares in issue in the TVR RNS of 1 November.

At the upper end of the range at present this equals c. 17p per share as SD.

[pj84] 18/11/2022 21:34

I generally only post if it is specific to the share in question, so apologies to serious investors, but it may be due to my age (experience) but ameliorate is a very familiar term to me.

[prokartace] 18/11/2022 15:00

PO I think you will find that relevance is a relative thing, in the eye of the beholder. I wasn't judging you so don't judge me.
Incidentally if you did a straw poll with people around you you would find that pretty well all would have heard of demagogue and very few of ameliorate

[mcunliffe1] 18/11/2022 11:21

PO - unsure if you are pro or anti buybacks,

I'm anti.

However, companies seem to like the idea of buying-back their own shares so I have to accept there MAY be some merit in it - but I'm unconvinced.

That said, it strikes me that in a perfect world the aim would be to buy-back at the lowest possible price. Unfortunately, nobody can ever guess what the low point will be.

So, a compromise might be to buy-back as the share is falling, perhaps increasing the rate of purchase as the fall continues. If and when that fall stops, ease off on the purchase and as it rises stop the buyback completely. Thus the action could be likened to that of a governor on a steam engine.


However, if the aim of the company is really inclined towards slowing a downward heading share price rather than to maximise the number of shares purchased the management should look to other options - and earn their massive salaries. I fail to see how moving £300m from the 'cash' part of the ledger into the purchase of ones own shares and in so doing, remove the £300m from the 'cash' ledger benefits anyone.

There may be less shares in play but they own a company that's £300m lighter.

Abrdn are now an investment platform. Could they not find a better home for the £300m, one that would reap profits down the line?

[chinese investor] 18/11/2022 11:17

I'll be selling at 230p !

[unastubbs] 18/11/2022 10:30

MRF #1577, can u be more specific?

[prokartace] 18/11/2022 10:06

Southwinds, spot on, when shorts fall under 2% I will sell. Back above £2, next resistance £2.15.
Pierre, did you mean ameliorate? Big word lol

[southwinds] 18/11/2022 09:44

Bears are being squeezed, perversely the price may fall, once they are satiated!

[my retirement fund] 18/11/2022 08:37

Wow he'll of a fall in NAV looks like I did well to exit recently.

[svend] 17/11/2022 22:53

Spud > Price action today 17.85 % above avg volume so they maybe ''shorts'' are retreating so they should be it's getting dam cold now ;-)