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
  -1.70 -0.78% 216.70 5,003,258 16:35:10
Bid Price Offer Price High Price Low Price Open Price
216.70 216.90 218.90 214.60 216.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1,685.00 1,115.00 46.80 4.6 4,726
Last Trade Time Trade Type Trade Size Trade Price Currency
18:15:04 O 2,400 216.70 GBX

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02/2/202313:38ABRDN-Was Standard Life1,744

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Posted at 12/12/2022 18:05 by jubberjim
Of course they are

The share price performs as to how well a company is doing in growing its business

To my mind all this share buy back has done is shore up the price so it looks as if Mr bird and his cohorts have been doing a good job with the promise of the "return" of funds to shareholders.

It was a year ago that Mr Bird started the ball rolling and the share price was around 250

Since then it has almost halved and is only here as shareholders are promised a capital return and the share buy back has pushed the share price up

I stated my misgivings back then

I haven t changed my mind I sold back then at 215 level and have done so again

I will look to go in again at 167 level and if it doesn't go there no matter. I have bought phnx in the meantime but still very bearish and prefer having funds available
In case of any further downturn across the market

Will awaiting Santa rally?

Posted at 12/12/2022 13:59 by marketmuser1
Jubber...As already clarified the share awards in terms of bonus to the execs are NOT based on share price. It's actually very rare for execs to be rewarded on share price performance.The calculation of their bonuses is described at length, including the metrics used, in the annual accounts
Posted at 10/11/2022 18:07 by wunderbar
I'm sure many on here are absolutely delighted with ABDN's share price performance this past month, up a staggering 41% (54p). It almost seems too good to be true. Having averaged down far too many times on this stock I decided to bail out today at 187p [edit: previous typo 180p] and in doing so booked a 2% loss on my investment (inc dividends). I consider this a great escape noting where we were just a month ago, with share price at all time low, not helped by Kwasi Kwarteng's now infamous mini-budget fiasco. I think this stock will continue to recover over the medium term but in the short term I'd be amazed if it can keep up this rapid ascent. I just can't see it motoring much further beyond 200p given the fragile state of global markets. And let's not forget the share price was c.230p prior to Putin commencing his war in Ukraine, which in turn accelerated the energy/cost of living crisis. With this in mind I'd say the current share price of 188p is a very generous price in this economic climate.

What really concerns me at present is the fact c.7% of this stock is being shorted, significantly increasing in past month or so. This is a considerable percentage for a stock of this nature and yet the share price has gone through the roof during this time rendering the timing of these shorts as bizarre, almost comical. Noting share price recently hit all time low 131p - what was their plan, aim to buy back at 100p or lower?! Surely the time for shorting was above 200p. Do they know something we don't. Given how well the stock has performed of late, at what point do shorts close their positions and lick their wounds. In the main, Institutional shorters rarely get it spectacularly wrong, that's why I think this run could be nearing its peak. I guess I'm hedging my bets we'll see a sharp retrace sooner or later which is why I sold up, not wanting to look back at this moment with regret for having passed up a great opportunity to exit at a good price in a volatile market. Time will tell if I've bailed out too soon but that's the risk you take. What I'd say to anyone here is, if you're going to average down do so at sensible staggered levels, don't get carried away like I did. I played this stock wrong, far too gung-ho, and nearly paid a hefty price.
I'll consider reinvesting if the share price falls back to 140-150p. I suspect the vast majority on here will hope I don't get the chance.

Posted at 08/11/2022 10:29 by kenmitch
Yes, it’s poor results that have hit the share price and shown those buybacks from £5 to have been a waste of money. I hold because Abdn is worth far more than the current share price. That might tempt a bidder as Management failings have wrecked what should have been a very successful Company.
Posted at 31/10/2022 02:26 by pj84

This is what was in the link posted by unastubbs

Abrdn’s platform boss has said the company’s struggling share price does not currently reflect the true value of its adviser business.
The asset manager’s share price has fallen 42 per cent this year, relegating it from the FTSE 100 last month with reports suggesting it could pay out up to £500mn to shareholders.
Noel Butwell, chief executive of Abrdn’s platform and adviser business, told FTAdviser there was a “huge amount of untapped value” in Abrdn which he and the business wants to unlock.
Currently, the group’s market cap is £3.26bn, around half of which is made up of Interactive Investor, the direct-to-consumer investment platform it bought for £1.5bn last year.
Interactive Investor has changed the shape of Abrdn and made us realise there’s more to us than asset management.
Noel Butwell, Abrdn
Abrdn’s adviser business is made up of two platforms, which hold some £68bn of assets.
Separately, Abrdn has an in-house financial planning business, Abrdn Financial Planning Limited, which holds £5.5bn in assets. This business sits within its personal business, run by Richard Wilson.
Based on Abrdn’s sale of Parmenion, valuations have made up around 1.275 per cent of assets. By the same maths, Abrdn’s platforms would be worth £867mn.
In its results last year, the group valued the financial planning business at an additional £110mn. This takes the total value of Abrdn’s adviser business to £977mn.
But Abrdn uses a different valuation itself which sees its adviser business valued at closer to £1.7bn.
“Stephen Bird [Abrdn’s chief executive] has always said the asset manager’s adviser arm is the biggest hidden gem in the business,” Butwell explained.
“My job is to make it less hidden. You don’t get the value of this business in the share price at the moment.”
Abrdn plans to “retire” the ‘Wrap’ and ‘Elevate’; names as it prepares to move the platforms to a single technology on FNZ.
The provider, which claims some 2,500 advice firm users around 50 per cent market usage, wants to serve IFAs on a more “modular”; basis, according to Butwell.
“Ultimately we want a core underlying platform with different offerings,” he explained.
Wrap offers a wider array of discretionary investment services and a broader range of investment solutions than Elevate.
“We still want to reflect different segments [of the IFA market],” said Butwell.
The platform provider is on track to launch a new portal on Wrap before the year is out, which intends to revamp the way advisers complete client reports and navigate tax wrappers.
“Our initial focus is on Wrap, however Elevate advisers will also benefit from these developments as we bring our platform solutions onto a single, yet more flexible, technology instance,” Butwell explained.
“As we go through the programme we will provide more details on that journey and how we will deliver these enhancements.”
It is also planning to move a book of self-invested personal pensions it bought from Phoenix onto its platform.
Sometimes a business [Parmenion] is more valuable outside the group.
Noel Butwell, Abrdn
In a note sent by Barclays Capital last month, analysts said Abrdn’s adviser platform was largely extracted from Phoenix and on FNZ.
They said the transfer was set to increase the capacity for advisers on Abrdn’s platform and help it meet the target of being the primary platform for 70 per cent of advisers.
Around half of the group’s profits in the first half of this year were generated by the financial adviser and personal segments of the business. It said it did not anticipate this proportion to fall back in the future.
Interactive Investor ‘transformed’ Abrdn
Butwell said the purchase of Interactive Investor has changed the shape of Abrdn and made it realise there’s more to Abrdn than simply asset management.
He said the intention is to keep the D2C platform separate from the adviser platforms, but he said he can envision clients moving between Interactive Investor and Abrdn’s advised offerings.
“You’ve got to cover all of it,” said Butwell. “I can see clients moving between the two.”
Interactive Investor added around 19,000 customers in the first half of this year, with around 400,000 customers overall.
“It’s accelerated our growth, diversified revenues, and transformed our position in UK wealth,” said Butwell. “It’s a highly efficient business.”
The group has also been working on its hybrid digital retirement offering. In January, it hired Paul Titterton, a former Virgin Money executive, to become the first head of digital solutions at its personal wealth business.
Abrdn also acquired investment platform Finimize in October last year for an undisclosed amount.
Chief executive Bird, who took over in September 2020, has previously hinted he wants to grow the firm through acquisitions.
‘No regrets’ on Parmenion
Asked whether the group regrets selling adviser platform Parmenion for £102mn in 2021, a platform which has now been valued at up to £400mn, Butwell said it comes down to Bird’s focus on simplifying the business.
He said Abrdn’s sale of Parmenion was part of that. “We made the decision to put growth behind Elevate and Wrap, which meant we weren’t competing against the same clients,” said Butwell
“Sometimes a business is more valuable outside the group. We have no regrets about that decision.”
Addressing Abrdn’s dwindling share price, Butwell acknowledged a “large part of business” is asset management, which is globally exposed and “certainly playing out in share price”.
“Financial advisers understand the market,” Butwell told FTAdviser. “We’re no different to our peer group in terms of share price pressure. We point to the strength of the balance sheet.”

Posted at 24/9/2022 13:21 by jubberjim
How do I find out how much has been spent to date on the share buy back to date

I know they originally allocated 150 million but had not been doing any serious share buys until the 22 just gone

The proceeds of the phnx share sale was I think 400 million and it was stated at the time of the intention to return the cash to shareholders

There was a further sale of shares in another company that raised approx 200 million recently
The share price at time of phnx sale was some 660 pence and the abdn share price was around 240

This smacks to be of gross mismanagement

I think the company should be put up for sale forthwith and the erstwhile bird-brained board should be sent flying

Even buying my initial stake down here has me somewhat concerned

What was the Level of the double bottom mentioned in another post please would help me decide whether to stick or bail

Troublesome times ahead

Appreciate any informaton

Posted at 27/8/2022 19:31 by w1lma
Another person freaking out in response to Abdn share price. Thanks for the reassuring words. However. I have sworn off buying any more shares. Just in case they get bought out by a bigger shark
Posted at 09/8/2022 13:53 by kenmitch
ABDN have been buying back shares and supposedly returning cash to shareholders since at least 2018.

The share price was around £5 in 2018 a year they spent around £175 million on buybacks.

Share price down to average £2.70s in 2019. Don’t know the first half buyback figures but second half ANOTHER £200 million wasted on them.

Share price averaging around £2.50s in 2020. £400 million on buybacks in 2020 and running in to 2021.

Share price averaged around £2.70s in 2021.

Share price £1.63p today! That’s 65%ish DOWN since 2018. And yet more “shareholder reward” and “returning cash to shareholders” buybacks. This time £300 million.

So more than £1 BILLION wasted on buybacks so far along with a share price collapse.

Yet still so many make the case that Companies like abdn should buyback their shares!

Do those promoting share buybacks ever look at how the share price subsequently behaves? That’s what matters to investors and not the theory which makes buybacks sound a good idea when they are usually anything but, EXCEPT for shareholders who want out and Directors, if their bonus pay is based on eps.

Posted at 02/8/2022 16:40 by mcunliffe1
The Share Buy-Back Appears to be Having the Expected Result.

Well, expected by me if not by the directors.

2,180,725,768 shares on 1 June and share price about 198p

2,180,725,960 shares 1 July and share price about 165p

2,167,475,819 shares 1 August and share price about 160p

What exactly is the point?

Posted at 02/7/2022 10:54 by essentialinvestor
They have a cash cow with the % PHNX holding, yet ABDN sold a chunk of that.

The high growth Indian listed HDFC life was aggressively sold down -
take a look at the HDFC life v ABDN share price over the last 5 years.

Then ii acquired right at a cycle top.

Does anyone understand what ABDN is trying to achieve?, because the corporate
strategy arguably looks a tad fuzzy, to say the least.

The market looks to be questioning longer term profitability in their core asset management business.

Abrdn share price data is direct from the London Stock Exchange
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