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ADIG Abrdn Diversified Income And Growth Plc

43.20
0.60 (1.41%)
08 Oct 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 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 1.41% 43.20 42.80 43.10 43.10 42.80 42.80 505,111 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.49M -299k -0.0010 -431.00 131.71M
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 42.60p. Over the last year, Abrdn Diversified Income... shares have traded in a share price range of 42.00p to 85.40p.

Abrdn Diversified Income... currently has 309,177,359 shares in issue. The market capitalisation of Abrdn Diversified Income... is £131.71 million. Abrdn Diversified Income... has a price to earnings ratio (PE ratio) of -431.00.

Abrdn Diversified Income... Share Discussion Threads

Showing 326 to 349 of 925 messages
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DateSubjectAuthorDiscuss
17/2/2023
07:00
From British Assets, to Black Rock Income & Growth through to the current incarnation, nobody has made a strategy work.
tiltonboy
16/2/2023
23:32
Somebody is offloading shares in sizable quantities. Seems the buybacks are having little benefit to the majority of us small shareholders.

Best route out would be a merger with another stable mate investment trust. Needs scale to survive.

If you bother to look at the share performance chart. The damage was done in the Covid market sell off. Never recovered. Also the IT has undergone a total switch of investment style over the past 5 years.

People seem to spend far too long on social media. Rather than actually reading up on their investments these days.

As Terry Smith famously said. Investors rarely bother to read the accounts these days.

thrugelmir
16/2/2023
19:06
If investment trust directors owned more than 5000 shares or l, even better, subscribed for their ISA every year they might care a bit more when the shares languish at a 25% discount and deliver a negative total return over 5 years.
hohum1
16/2/2023
18:20
Why does the board need to be major shareholders? It's an Investment Trust....

Everyone on board is an employee. Vote the Directors off at the AGM is you believe them to be inadequate in some way.

Wealth managers have an abundance of choice. It's retail investors in the UK that are sellers of UK stocks. Global equities remain the fad.

thrugelmir
16/2/2023
12:53
How transparent is the NAV ?.

It's a 25% NAV discount based on ..

essentialinvestor
16/2/2023
08:36
Also, the dividend isn’t covered. In removing the failed DCM, they could have set out a specific target to return cash to shareholders distributed by private market investments. Wealth managers do not appear to be buying into ADIG’s story of jam tomorrow. Most of the Board own very few shares - they clearly don’t believe in it themselves. They deserve a kicking at the AGM. This will continue to languish and deserves to do so.
hohum1
16/2/2023
08:06
"It pays a decent dividend" - and yet the risk-free has moved considerably. Has ADIG moved enough to reflect that? Particularly since (IMO) IR's haven't topped out yet, and won't fall anytime soon when they do.
spectoacc
16/2/2023
07:54
The only thing that really matters is where is ADIG likely to go from here?

It pays a decent dividend, the last 5 years NAV performance is perfectly acceptable for this type of fund and is on a pretty big discount.

Seems a reasonable investment to me.

rcturner2
16/2/2023
07:39
ADIG do at least have the advantage of being relatively uncorrelated to the markes.

FTSE new highs - ADIG languishes
FTSE falls - ADIG languishes
FTSE stays stable - ADIG languishes

;)

spectoacc
16/2/2023
07:20
Another 200,000 bought back yesterday. With the discount at nearly 25%, the Board’s vague and woolly discount control “policy” is allowing the share price to languish. This was entirely predictable. Will be interesting to see if they address this at the AJ Bell seminar.
hohum1
15/2/2023
14:19
Far from a unique problem. Retail investors have appeared to take their money elsewhere.



Over 50% discount = 27 funds
40%-50% discount = 19 funds
30%-40% = 32 funds
20%-30% = 33 funds

===========================================
Can’t pay the bills with NAV performance!

=============================================

No but you can continue to buy in an attractive dividend yield. Inflation will ultimately drop away.

thrugelmir
15/2/2023
13:57
I bought back in yesterday.
rcturner2
15/2/2023
12:57
Yes share price lagged NAV, which is what may create the opportunity. On balance, can't see the discount narrowing much anytime soon so not tempted to buy just yet, but will keep any eye on it.
riverman77
15/2/2023
12:04
Can’t pay the bills with NAV performance! Share price returns are rather worse. 2022 = -2.0% preceded by +6.3%; -5.2%; +3.3% -4.2%. The Board have let the 20% discount become entrenched and lamely say they are going to try harder to get the trust’s message across. In the meantime, they barely own any shares themselves.
hohum1
15/2/2023
10:06
The last 5 years NAV performance of the trust are:

2018 -4.7%
2019 +9.2%
2020 0.0%
2021 +11.7%
2022 -0.9%

rcturner2
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.
riverman77
15/2/2023
08:47
AJ Bell seminar on ADIG
davebowler
14/2/2023
20:19
At last a semi-decent buy-back!
tiltonboy
14/2/2023
15:32
The top 10 holdings. Are in themselves multi investment holdings.
thrugelmir
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.
rcturner2
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
hohum1
13/2/2023
15:50
Another Abrdn fund, ALAI, needs to call it a day as well. Far too small...
tiltonboy
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.

thrugelmir
13/2/2023
10:08
ASCI, another abrdn trust has announced possible plans for winding up.
davebowler
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