Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Plc LSE:ABDN London Ordinary Share GB00BF8Q6K64 ORD 13 61/63P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.10 -2.4% 166.85 7,655,751 16:35:21
Bid Price Offer Price High Price Low Price Open Price
167.00 167.10 172.45 166.35 172.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1,685.00 1,115.00 46.80 3.6 3,639
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:01 O 10,263 166.875 GBX

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Date Time Title Posts
27/6/202219:59ABRDN-Was Standard Life819

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Abrdn Daily Update: Abrdn Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker ABDN. The last closing price for Abrdn was 170.95p.
Abrdn Plc has a 4 week average price of 159.90p and a 12 week average price of 159.90p.
The 1 year high share price is 300p while the 1 year low share price is currently 159.90p.
There are currently 2,180,724,586 shares in issue and the average daily traded volume is 5,731,174 shares. The market capitalisation of Abrdn Plc is £3,638,538,971.74.
mcunliffe1: I also hate buybacks jubberjim. However, I don't believe buying back Abrdn shares raised the share price at all - hence directors didn't benefit although they may have hoped to have done so. Throughout the lengthy buy-back there was a continual decrease in the share price and on some days they'd buy a greater number at a higher price and a lesser number later (or earlier) in the same day at a lower price. There was no logic to it - just a mad desire to pi$$ our cash away. But, the directors in their silence over the past couple of years have, in my opinion, hastened the reducing share price.
mcunliffe1: I must state at the outset that I am not at all an expert in investing. I do not have access to the wealth of data some of you have. However, I have a 'gut-feel' for investing and in the case of Abrdn my association with them as a company goes back to when I was 7 year old and I'm now 65. In years past the company had an excellent reputation and it's purpose was well known - Life Assurance and Term Assurance - generally to protect mortgage borrowings. Pension investment was also in the mix. In recent years it seems to me that successive management teams have been unclear as to where the business should move. Sticking with the core elements of Life and Pension investment seemed not to be an option. I believe change has been made simply to justify the huge management salaries for to be seen to be doing 'nothing' was not ideal. Unfortunately the changes appear not have worked. Yet management continue to reap huge rewards. I had hoped for a rebound in the share price post Covid and bought a modest number of shares for my two grandkids' portfolios. They show a significant loss to date. I'm not inclined to top-up anytime soon.
tartshagger: In the current bear market traders think it's worth cash in hand - and ii - about 25p AUM can evaporate at the stroke of a penEach May ABDN has to buy shares in the market for the million or so PI's in their DRIP scheme. This artificially supports the price and this year they were buying @ about 190p. Now that demand has gone you see the resultIf you need yield have a look at BSIF and JLEN. Holding up well and offering about 6%. Staying invested here as share price goes down the slippery slope of hope is pointless and just destroys your capital
wllmherk: Topped up in these yesterday, looks way undervalued at the current price but been around long enough to know they could fall more. Rather than using the PHNX share sale proceeds for buybacks or a special dividend why not invest this cash? Active fund management does seem very out of favour at present which does provide opportunities for those companies like ABDN who have scale. They could buy JUP, current market cap of less than £1bln, struggling with outflows in recent years, but, little debt and they still have approx 55bln in AuM. Full disclosure, I own shares in both ABDN and JUP, but, I'm sure there are others out there that ABDN could purchase at historically low valuations. wllm :)
cwa1: A better than average start to the morning share price wise for ABDN. But can it be continued?
dorset64: Hi all, quick question if I may. We've just realised that my wife had an investment with Standard Life of which was obviously bought out by ABRDN. Her dividend chq has just arrived and states that she holds 185 shares therefore, I assume this is 185 shares x £1.96 share price = £360 as opposed to a separate fund or whatever at a lower sp? Any help appreciated.
chinese investor: I'm still down overall but I'm starting to smile again ! Chinese Investor (ABDN) 09 May 2022 - 08:19:43 I've topped up again - yield is now over 8% ! Chinese Investor (ABDN) 13 Apr 2022 - 14:44:04 I've topped up again (196p). Chinese Investor (ABDN) 13 Apr 2022 - 13:49:52 I topped up at 201p !
investoroilandgas: I have checked back in my portfolio, in 2018 SL sold a Canadian subsidiary for £x billions, 33p was distributed to shareholders there was also a 7 for 8 share consolidation, they termed it a Capital Return. They can call it what they like this time, cash is king in my books. MCunliffe1 have you written to Mr. Bird and informed him of with dissatisfaction with SL communication? You never know, it might be one of the letters which he decides to reply back to rather than leave it to the "Chief Executives Office" to reply. I don't have have any investments with SL / Abrdn but I am an customer, my issues are with the Board, share price 12 months ago circa £3.10, share price today £2.07, Mr Bird get your turnaround strategy working as a matter of urgency please.
wunderbar: 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.
boozey: CWA1, I know ... my point was tongue in cheek :))) But the effect on the ABDN share price on Monday is far more meaningful (to me at least!)
Abrdn share price data is direct from the London Stock Exchange
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