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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abrdn Diversified Income And Growth Plc | ADIG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.60 | 0.72% | 83.60 | 16:35:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 83.40 | 83.20 | 83.80 | 83.60 | 83.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 02/03/2023 | Interim | GBP | 0.0142 | 22/01/2024 | 22/01/2024 | |
| 02/03/2023 | Interim | GBP | 0.0142 | 21/09/2023 | 22/09/2023 | 19/10/2023 |
| 02/03/2023 | Interim | GBP | 0.0142 | 08/06/2023 | 09/06/2023 | 06/07/2023 |
| 02/03/2023 | Interim | GBP | 0.0142 | 09/03/2023 | 10/03/2023 | 03/04/2023 |
| 09/12/2021 | Interim | GBP | 0.014 | 22/12/2022 | 23/12/2022 | 19/01/2023 |
| 09/12/2021 | Interim | GBP | 0.014 | 22/09/2022 | 23/09/2022 | 20/10/2022 |
| 09/12/2021 | Interim | GBP | 0.014 | 16/06/2022 | 17/06/2022 | 14/07/2022 |
| 09/12/2021 | Interim | GBP | 0.014 | 03/03/2022 | 04/03/2022 | 31/03/2022 |
| 17/12/2020 | Interim | GBP | 0.0138 | 23/12/2021 | 24/12/2021 | 20/01/2022 |
| 17/12/2020 | Interim | GBP | 0.0138 | 23/12/2021 | 24/12/2021 | 20/01/2022 |
| 17/12/2020 | Interim | GBP | 0.0138 | 30/09/2021 | 01/10/2021 | 28/10/2021 |
| 17/12/2020 | Interim | GBP | 0.0138 | 17/06/2021 | 18/06/2021 | 15/07/2021 |
| 17/12/2020 | Interim | GBP | 0.0138 | 04/03/2021 | 05/03/2021 | 31/03/2021 |
| 13/12/2019 | Interim | GBP | 0.0136 | 24/12/2020 | 29/12/2020 | 22/01/2021 |
| 13/12/2019 | Interim | GBP | 0.0136 | 24/09/2020 | 25/09/2020 | 16/10/2020 |
| 13/12/2019 | Interim | GBP | 0.0136 | 18/06/2020 | 19/06/2020 | 10/07/2020 |
| 13/12/2019 | Interim | GBP | 0.0136 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| 13/12/2019 | Interim | GBP | 0.0134 | 24/12/2019 | 27/12/2019 | 24/01/2020 |
| 09/09/2019 | Interim | GBP | 0.0134 | 19/09/2019 | 20/09/2019 | 11/10/2019 |
| 05/06/2019 | Interim | GBP | 0.0134 | 13/06/2019 | 14/06/2019 | 05/07/2019 |
| 27/02/2019 | Interim | GBP | 0.0134 | 07/03/2019 | 08/03/2019 | 29/03/2019 |
| 29/01/2018 | Interim | GBP | 0.0131 | 27/12/2018 | 28/12/2018 | 25/01/2019 |
| Top Posts |
|---|
Posted at 14/9/2023 08:02 by hohum1 Yesterday’s dividend announcement means that the Board met to approve the payment. Hopefully they are in day two of wading through the high quality strategic review proposals and will announce how we get our money back later today. (Not holding my breath though) |
Posted at 08/9/2023 16:19 by hohum1 Big win for Burford Capital in the Petersen trial judgement. ADIG to benefit via its holding in BOF… |
Posted at 08/9/2023 15:15 by essentialinvestor Bought a small amount today on the bases that news is due and it maybe favourably received. 4-5% will do me. The problem with the above is just when you think news at ADIG will never get any better, it suddenly gets worse!. |
Posted at 08/9/2023 08:10 by hugepants I see Roundhill Music have been taken out at a 67% premium. ADIG had a few of these. Only adds about 0.25p to NAV but maybe there are other parts of the portfolio similarly undervalued. |
Posted at 06/9/2023 10:56 by hohum1 The dividend announcement is usually mid September. You'd think that they will give the results of the strategic review at the same time. |
Posted at 30/8/2023 10:49 by neilyb675 as a reminder - now over 1 month ago we heard ......25 July 2023 For Immediate Release abrdn Diversified Income and Growth plc Update on Strategic Review The Board of abrdn Diversified Income and Growth plc ("ADIG" or the "Company") is pleased to provide shareholders with an update in respect of the strategic review process announced on 20 June 2023. Following the announcement of the strategic review, the Company has received a number of credible, attractive and varied proposals for actions that we believe should enhance shareholder value. The Board, and its advisers, are actively exploring how these various proposals could best deliver value for ADIG shareholders and are engaged in productive discussions with a selected shortlist of parties. The Company will provide an update in due course, noting that at this stage there can be no certainty as to the outcome of the review. The ADIG Board has also taken the decision, in the light of the ongoing review process, to suspend the Company's investment-led share buyback policy. Subject to the outcome of the strategic review, the Board will consider resuming share buybacks in due course. Davina Walter, Chairman of ADIG commented: "We have been impressed with the proposals we have received which present the Board with various options for enhancing shareholder value. We are undertaking a detailed review of these options and are looking forward to updating shareholders in due course on our progress." |
Posted at 25/7/2023 07:10 by spectoacc Pleased to give us an update - yet giving no clue what any of those proposals are, other than that the buy back is being stopped:"..Credible, attractive and varied.." - sounds more like they've been on Tinder. "The Board of abrdn Diversified Income and Growth plc ("ADIG" or the "Company") is pleased to provide shareholders with an update in respect of the strategic review process announced on 20 June 2023. Following the announcement of the strategic review, the Company has received a number of credible, attractive and varied proposals for actions that we believe should enhance shareholder value. The Board, and its advisers, are actively exploring how these various proposals could best deliver value for ADIG shareholders and are engaged in productive discussions with a selected shortlist of parties. The Company will provide an update in due course, noting that at this stage there can be no certainty as to the outcome of the review. The ADIG Board has also taken the decision, in the light of the ongoing review process, to suspend the Company's investment-led share buyback policy. Subject to the outcome of the strategic review, the Board will consider resuming share buybacks in due course. " |
Posted at 24/7/2023 08:13 by tiltonboy So, the consolidation of Abrdn funds continues, with the merger of New Dawn with Dragon. In line with my hopes for ADIG is a 25% cash exit for holders.I cant see ADIG as a fit for another Abrdn fund, but let's hope they can negotiate a partial cash exit! I've not heard off them yet! |
Posted at 28/2/2023 22:02 by wunderbar Re HOME REIT. In the full year report y/e 30 Sep 2022, ADIG's holding was worth £1.449m. According to ADIG's Portfolio Holding Summary for Nov 2022 [downloaded from company website] the value had plummeted to £807k [ADIG held 1.6m shares]. Note there was no mention of HOME REIT being a significant holding in the Interim report therefore we can deduce ADIG acquired majority of stock between 1 Apr and 30 Sep 2022, likely paying between 100-120p a share before bailing out in Dec 2022 around 34-50p. I reckon ADIG has lost between £800k and £1.38m on this investment. I'm sure Nalaka De Silva will be very keen to sweep this one under the carpet.I'll say very quickly I strongly disagree with winding up the trust. I simply can't understand the mentality of anyone voting this way. Today's AGM result showed overwhelming support for the continuation of the company [almost 92% of votes]. What's to be gained from closing the trust? More than half of ADIG's investments are now in Private Markets, these investments typically take 5-10 years to mature. At present we're only 2.5 years into the new investment strategy. Patience is required here. If anyone on this bb doesn't want to play the long wait or simply hates ADIG [and there seems to be quite a few here] then simply sell your shares and move on to pastures new rather than repeating the same mantra of winding up the company. In the meantime I'm quite content to sit tight and collect the generous quarterly dividend. I think the current share price circa 88p is very attractive entry point, offering a yield of 6.38%. So much so I've been buying up more stock in recent days and will continue should it dip further. In general this is a very boring and reliable stock. Sure, the share price performance in past few months has been disappointing but hopefully it can start grinding its way back up just as it did post Covid crash. It is still my intention to sell up to 50% of my holding around 98-100p purely because I'm top heavy in ADIG [too many eggs in one basket]. The steep discount to NAV remains a big problem and I do agree with comments about ADIG management being accountable for letting this discount persist, it's simply unacceptable, more so given the discount has now widened to 25%, a far cry from the now defunct target of 5%. Whilst I've said patience is required here I would still be critical of the trusts performance with regards to the almost negligible growth rate in NAV. At year end it was 117.6p, five months later it's barely changed. Given we're just a month away from Interim cut off point of 31 March [half year report published three months later] it's looking odds on for another period of non-growth. Note two years ago [Sep 2020], around the time ADIG changed investment strategy, NAV was 113.4p. Since then little progress has been made, NAV increasing just over 4p [3.57%] during this period [very poor considering the market has bounced back strongly from Covid lows]. I’d like to see both Nalaka De Silva and chairman Davina Walter acknowledge this sluggish progress rather than pulling the wool over investors eyes with manipulated data. The double digit growth rate they quote is merely attributable to the inclusion of the healthy dividend income. Strip this out and the key stats reveal a pretty unspectacular performance this past 12 months with share price down 13.66% and NAV barely changed. Forget about Private Markets for a moment, why aren't Equities or Credit Income having a positive impact on NAV? For these reasons it’s easy to understand why many shareholders are dissatisfied at present. |
Posted at 28/9/2022 18:50 by wunderbar I previously described ADIG as the rock of my portfolio given its low volatility in previous market turmoil. And up until mid-August it was doing what it is does best, plodding along in its usual boring fashion. Unfortunately it has succumbed to the latest market mayhem which has seen the stock plummet 6% in the space of a week and 8% over the month [sp closed at 90.8p, intraday low 88p]. The timing of this fall couldn’t have come at a worse time for ADIG’s management team noting financial year end is 30 September. In essence ADIG’s yearly performance has been derailed at the last minute and unless the share price rebounds sharply in next couple of days then results for 2022 will read as very poor, showing a share price decline of 9% over the year [vs 100p, y/e 2021], discount to NAV widening to over 20% [17.9%] and NAV falling to c.116p [122p].Since portfolio manager Nalaka De Silva's investment strategy was implemented 18 months ago [c.98p] the share price has fallen 7%. Prior to recent falls the share price had spent most of the year bobbling between 98-101p, not really gaining any traction. The large discount to NAV continues to be a major problem despite buybacks. The board have stated they are targeting a discount of less than 5% [subject to normal market conditions] but this currently stands at over 20% [vs 12 month average 16.85%]. As for the NAV, there's been no sign of any growth in past 12 months which goes against the trust's objective. As ever I can’t complain re dividend income but I am getting increasingly impatient with the ongoing discount to NAV and general lack of growth in asset values. On announcing his new strategy in Feb 2021, De Silva said “Private Equity/Market investments won’t yield/bring instant rewards, I’d expect these to start bringing in a generous income/return on equity within 3-5 years”. All being well these investments will start bearing fruit within the next couple of years, and in doing so should considerably narrow the steep discount to NAV. However, if there's no real progress come the end of his five year plan then both Nalaka De Silva and chairman Davina Walter will have a lot of explaining to do. Bottom line is both NAV and shareprice need to significantly improve or I'd expect heads to roll. On a final note, this decline will be particularly frustrating for shareholders as we are now back to where we were almost two years ago. I topped up at 90p hoping the market sees sense in due course. Whilst ADIG is now my biggest holding I'm looking to cut my stake by 50% around the 100p mark. In fact I’m looking to divest 50% of my portfolio in the next 12-24 months simply as a de-risk measure. With the BOE base rate predicted to rise to 5.5% by next summer I suspect many investors will start moving funds into fixed rate savings offering returns equal to [if not better than] typical dividend yields [current FTSE100 average yield is 4.18%], all without the stress or worry of incurring significant capital losses as demonstrated by many stocks this year. |
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