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ADIG Abrdn Diversified Income And Growth Plc

82.60
1.30 (1.60%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Diversified Income And Growth Plc LSE:ADIG London Ordinary Share GB0001297562 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.30 1.60% 82.60 81.20 82.60 83.00 81.20 82.40 976,678 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.49M -299k -0.0010 -826.00 255.38M
Abrdn Diversified Income And Growth Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker ADIG. The last closing price for Abrdn Diversified Income... was 81.30p. Over the last year, Abrdn Diversified Income... shares have traded in a share price range of 70.40p to 88.40p.

Abrdn Diversified Income... currently has 309,177,359 shares in issue. The market capitalisation of Abrdn Diversified Income... is £255.38 million. Abrdn Diversified Income... has a price to earnings ratio (PE ratio) of -826.00.

Abrdn Diversified Income... Share Discussion Threads

Showing 301 to 323 of 875 messages
Chat Pages: Latest  23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
13/2/2023
08:05
Two weeks until the AGM. Peter Spiller is unhappy with ADIG’s discount policy: if you are a shareholder vote against continuation..
hxxps://citywire.com/investment-trust-insider/news/peter-spiller-lambasts-abrdn-trusts-over-lax-discount-policy/a2404279

hohum1
25/1/2023
12:01
hxxps://citywire.com/wealth-manager/news/abrdn-shuts-120m-multi-asset-fund-after-slew-of-mergers/a2407543

Need to do the same here!

tiltonboy
25/1/2023
08:48
Thrug,

It's a paltry buy-back, used intermittently!

tiltonboy
24/1/2023
18:40
See no need to send any message to the board. There's an active share buy back scheme in place. Mopping up shares at a reasonable price takes time. Meanwhile there's a covered dividend of around 6% to enjoy.
thrugelmir
24/1/2023
16:15
A pain voting nominee holdings. More so since I don't hold any ADIG ;)

But otherwise agree.

spectoacc
24/1/2023
16:05
Annual report is available on the website. For those inclined to send a message to the Board that the discount, dilution of DCM policy and generally low level of board share ownership is unacceptable, the AGM is on 28th Feb. Vote early and vote often...
hohum1
13/1/2023
21:46
I think they hold a couple of equity tracker type funds, which are made up of hundreds of underlying holdings. So not quite as mad as it first appears.
riverman77
11/1/2023
11:31
650 holdings but the last 550 probably are about 1% of the NAV! No idea why they have so many holdings. It seems barmy.
hugepants
11/1/2023
11:20
The NAV performance is OK the last few years. Then add on the dividend and you have been getting a decent underlying return. It's the NAV discount that has ballooned from 5% to 15%-25%.
hugepants
11/1/2023
11:13
Exactly, you can't explain away the performance.
essentialinvestor
11/1/2023
11:04
Huge pants thanks for that post.

If it is low risk and boring why has the performance been so poor.
Or would you say it is just general market malaise.

atlantic57
11/1/2023
10:26
Well "this instrument" is on a 23.5% discount and a 6.3% yield. I think the market is factoring in a 10% discount in NAV. Maybe harsh given they have 6% in cash and 38% in listed equities. The rest are private markets which appear to be mainly income producing and includes equities, infrastructure, bonds, fixed income and property etc. It's low risk and boring.
hugepants
11/1/2023
08:50
Thrug what do you think the real net asset value is here ?

Are there any bullish arguments for holding this instrument ?

atlantic57
10/1/2023
18:32
Winding up illiquid investment holdings by selling them is where the problem lies. IPO's fell off a cliff in 2022.
thrugelmir
10/1/2023
16:10
87p bid - share price reaction to the new DCM statement was exactly what you’d expect. Vote against continuation!
hohum1
06/1/2023
17:26
Shares fell in the Covid market meltdown. Never recovered. DYOR.
thrugelmir
06/1/2023
14:15
One which has also seen years of value destruction.


Comments here far too kind.

essentialinvestor
06/1/2023
14:13
Highly attractive yield on offer. The fact that they publish all their portfolio holdings and provide total transparency is extremely refreshing. As at least it's an investment company share that can be researched thoroughly.
thrugelmir
06/1/2023
13:45
88p today = 23% discount to NAV. Vote against continuation!
hohum1
06/1/2023
12:29
#297. Thanks. My mistake. My memory is becoming increasing useless as I get older.

I shall have another think.

cc2014
06/1/2023
11:56
"All this P/E has been bought at the top of the cycle. "

Private markets not P/E! And they are generally investing in income producing assets. Easier to value properly?

hugepants
06/1/2023
11:53
HP, yes I would question the NAV in light of 7 years NAV 'progress' since the first mandate change.

To me it clearly highlights the quality (or lack) of decision making since.

Will the quality of their unquoted be any better?.

BOD holdings here tiny.

I've been cautious here for a number of years, as per previous posts.

essentialinvestor
06/1/2023
11:43
I am drawn to this share over and over. I'm attracted by the discount and the yield fits my target area. Also, I like the investments in both equities and bonds.

I've owned it before, buying in 2021 at around 93p and selling out about 7 months later for 100p collecting some dividends along the way. So, fond memories, but I suspect in that timeframe markets were on the up coming out of Covid and I could have bought anything and made money.

I'm not convinced the stategy is right. All this P/E has been bought at the top of the cycle. It's not like they have been holding it for 2 years since the last funding cycle and valuation and there may be some uncrystallised profits in there. The valuations are largely going to be what they bought at and those are now going to not what they can sell them for.

Then we have the 648 holdings in the portfolio. Who is looking at those in relation to RNS's? Seems to me that's so many it might as well be a tracker and why pay a 1.5% management fee for that?

It matters not what the discount or the yield if the value of the underlying assets keep falling due to bad decisions. The buy back of the 2031 debentures at what must have been close to the worst possible price is another example

So, I'll continue to watch.

cc2014
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