Abrdn Diversified Income... Share Discussion Threads

[riverman77] 15/2/2023 09:51

Perhaps worth a punt at current discount? For all the issues this trust has faced in the past, recent performance has actually been reasonably steady (if a bit plodding). Interestingly, 3y nav returns are now broadly in line with Capital Gearing trust and Personal Assets - both these tend to trade on a premium.

[davebowler] 15/2/2023 08:47

AJ Bell seminar on ADIG

[tiltonboy] 14/2/2023 20:19

At last a semi-decent buy-back!

[thrugelmir] 14/2/2023 15:32

The top 10 holdings. Are in themselves multi investment holdings.

[rcturner2] 14/2/2023 06:48

I have held this in the past and I am looking again at the share. The "650 holdings" aspect is very misleading. For example, the top 10 holdings account for 42% of the NAV according to the latest factsheet, so I suspect as per HP's comments you can ignore most of the holdings.

[hohum1] 13/2/2023 20:04

ALAI should really fold into Murray International. The only reason it has survived for so long was because Martin Gilbert was on the board. As for ADIG - maybe SAINTS should launch a takeover bid

[tiltonboy] 13/2/2023 15:50

Another Abrdn fund, ALAI, needs to call it a day as well. Far too small...

[thrugelmir] 13/2/2023 15:37

Sub £500 million funds are all ripe for merger or wind down. Too small to be economic.

As the Central Banks pull liquidity out and maintain a high interest rate policy. Expect ETF's will likewise suffer. Many equities may well be in for a fallow period.

[davebowler] 13/2/2023 10:08

ASCI, another abrdn trust has announced possible plans for winding up.

[tiltonboy] 13/2/2023 09:17

Voting against.

Just short of 3% here

[hohum1] 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

[tiltonboy] 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!

[thrugelmir] 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.

[spectoacc] 24/1/2023 16:15

A pain voting nominee holdings. More so since I don't hold any ADIG ;)

But otherwise agree.

[hohum1] 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...

[riverman77] 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.

[hugepants] 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%.

[essentialinvestor] 11/1/2023 11:13

Exactly, you can't explain away the performance.

[atlantic57] 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.

[hugepants] 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.

[atlantic57] 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 ?

[thrugelmir] 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.