Abrdn Diversified Income... Share Discussion Threads

[essentialinvestor] 18/9/2023 12:07

You can see at 84.3 atm, there might be some news this week,
but would not want to bet on that one.

[topvest] 17/9/2023 10:03

Patience needed on the strategic review. More likely to be October than September, in my view.

[hohum1] 14/9/2023 08:02

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)

[hohum1] 08/9/2023 16:19

Big win for Burford Capital in the Petersen trial judgement. ADIG to benefit via its holding in BOF…

[essentialinvestor] 08/9/2023 15:15

Bought a small amount today on the bases that news is due and it may
be 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!.

[tiltonboy] 08/9/2023 08:14

The bigger picture is that VC are spotting value that the market isn't. I'm not expecting a major re-rating of alternative assets, but it may mark the bottom in ratings

[hugepants] 08/9/2023 08:10

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.

[sll] 07/9/2023 07:52

Thanks hohum1, just looked back to 15/9/22 and found it!

[hohum1] 06/9/2023 10:56

The dividend announcement is usually mid September. You'd think that they will give the results of the strategic review at the same time.

[sll] 06/9/2023 09:40

Wouldn't that div have been announced by now? Can't trace anything.

[hugepants] 30/8/2023 12:15

but in the meantime just collect the chunky quarterly dividend. There should be another one announced in 2-3 weeks.

[tiltonboy] 30/8/2023 12:06

Could be months away if ASCI is anything to go by

[neilyb675] 30/8/2023 10:51

It would be jolly nice to hear an update and a way forward following the above announcement from 25/7/23.

We are waiting and have been waiting very patiently. Time to deliver me thinks.

[neilyb675] 30/8/2023 10:49

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."

[topvest] 11/8/2023 13:06

Yes, there appears to be buying interest. I've doubled my position ahead of the corporate action. I may buy more. Hopeful of a 10%+ return in 3 months.

[tiltonboy] 01/8/2023 08:55

For the first time ever (it seems) the shares are well bid this morning!

In a perfect world I would like to see a merger with a fund that has a tight DCM, and values ADIG at anywhere over a quid.

Wishful thinking perhaps!

[topvest] 31/7/2023 14:54

It could well become a JPMorgan trust, as there are a couple that might fit. I don't disagree with you that its losing its right to exist, but generally speaking the older and larger trust tends to continue so an existing JPMorgan trust may back into ADIG along with a change of manager. We will have to wait and see, but I would like to see it continuing personally.

[tiltonboy] 31/7/2023 14:38

Hopefully the process won't take too long...certainly not as long as ASCI

[spectoacc] 31/7/2023 14:26

JGGI's a good one, it can have ADIG too ;)

[hohum1] 31/7/2023 13:49

Scottish Investment Trust merged into JGGI and the world didn’t stop. The Board of ADIG haven’t earned the right to carry on: buying back most of the debt at what turned out to be close to the low on bond yields and now giving up the ghost as bond yields peak (perhaps).

[topvest] 31/7/2023 13:10

Spread is quite large for a company of this size! May add some more at the right price. I want this trust to continue, as its a golden oldie investment trust. With its asset base, then surely a more attractive niche option can be found. Anyway, its probably quite attractive at this price for a 10% bounce in September once the review is finalised.

[hugepants] 27/7/2023 21:19

Thrugelmuir's suggestion is the preferred option here imo.

Thanks for the heads up on JARA hohum. It looks pretty interesting on a 28% discount and 6% yield. It's only down 23% since the beginning of the year so picked up some today.

AEET (an energy efficiency trust) is also worth a look on a 33% discount and commencing a managed wind-down. It should be generating a decent dividend as well. Very cheap but it's so far off the radar you can't even see the radar.

[hohum1] 26/7/2023 09:12

Neilyb - HDIV is too small and Henderson have been here before with Henderson Value Trust which they took over from SVM Global and turned into a complete disaster. JP Morgan might be a better bet - some kind of mix and match involving MATE, JARA and a slug of cash funded by the realisable assets?

[spectoacc] 26/7/2023 08:46

SHRS & ASCI, abrdn banging a few more together. Not so great for SHRS s/holders, but they owned a chunk of ASCI already.

[neilyb675] 25/7/2023 18:31

above is from the HDIV annual financial report....

I wonder (in reference to ADIGs RNS today) whether a combination of some sort would be worthwhile.