Abrdn Share Discussion Threads

[gaygay3] 29/11/2022 13:33

On the 14th of september the FT reported that Abrdn where looking at returning 500m to SH since then the share price as gone up nearly 50% do we think that MR BIRD as changed his mind any thoughts

[cwa1] 28/11/2022 07:49

ONLY FWIW:-

Abrdn plc Cut to Sell at Redburn

[spud] 27/11/2022 20:04

I trade a 50 coin volume from £100 upwards in £50 increments, buying back for a 100% profit each time. Seems to be working over the past 24 months. spud

[mcunliffe1] 27/11/2022 19:14

not until you sell them spud

[spud] 27/11/2022 13:58

All about timing. I was mining with a scratch built rig in 2014 when LTC was about 2 quid. At the time the cost of electricity almost wiped out the profit. However, I wasn’t taking the long term view and with LTC at circa 60 quid (down from £250) it shows a healthy profit. I’ve currently got about 190 coins (mix of mined and bought) and am sitting on a nice little profit.

spud

[pierre oreilly] 27/11/2022 10:27

o/t I too am a bit bemused about crypto 'mining'. I don't see any requirement for it, apart from trying to give some sort of legitimacy to some absolute nonsense. (willing to be persuaded otherwise if anyone can). It seems to work by generating a randomish number with a seed probably of time, ip address and probably other stuff, effectively between 0 and google, and bitcoins are released when some specified numbers are generated. Seems like you go weeks of cpu time to get one or two. But why? What's the point? What logic is behind all this stuff?

It's not pyramid selling, but just as illogical and ephemeral, and the whole bitcoin type thing seems based on trust and confidence, which can disappear at any time. Or am I missing something? A way for illegal cash to be laundered, with no real benefits for law abiders? (apart from making trading profit, which someone else looses, if the timing is correct by some random chance, before the whole thing collapses.

Great if you have an expensive consumer product, like a fast ev. Buy billions of the vapour currency, state you can buy your product with vapour coins, sell out, and then say you're no long accepting vapour, and pocket billions of realish dollars.

[mister md] 25/11/2022 15:31

The additional benefit of the 60% + rise off the lows, is that the dividend yield doesn't appear to be 'artificially' high anymore ...

[spud] 25/11/2022 14:26

It is!

spud

[prokartace] 25/11/2022 14:11

mngf, sorry I was under the impression that this is the cheapest share in its sector

[longwell] 25/11/2022 09:53

Pe still under 5 so a little way to go to be back in line with peers. Dividend yield attractive so for me a definite hold.

[netcurtains] 25/11/2022 07:45

mngf: How much is YouInvest or IG Index worth?

[jubberjim] 25/11/2022 07:35

Am now looking at 215 to make an exit

Only hold small position but will look to maybe go back into phnx if succeed

Good luck all

[southwinds] 24/11/2022 09:25

I wonder whether anything positive has changed at Abrdn, whom I understand are considering having an even shorter name! It may just be the bulls and the bears , playing silly beggars

[southwinds] 24/11/2022 09:21

The bear squeeze still in full flow, I wonder how it will play out

[jubberjim] 23/11/2022 16:10

When will the next trading statement be released

I ask because Aviva lgen have issued theirs

Thanks

[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