Abrdn Diversified Income... Share Discussion Threads

[cc2014] 13/4/2023 12:53

The debate about whether it's better to buy and hold or not has no clear answer imho.

If you've got the right stock or a good fund manager buy and hold works but I've never been able to work out in advance this criteria.

[essentialinvestor] 12/4/2023 16:09

RCT, take the general point but buy and hold has most definitely not worked here over 7 years.

I posted the 2016 NAV a few weeks ago.

Clearly you can make a case the next 7 years may be better.

[rcturner2] 12/4/2023 16:05

Just buy and hold. Over trading is bad for your wallet. Too much over thinking on this thread.

[essentialinvestor] 12/4/2023 16:02

Congrats folks if you bought recent lows,
had a look but could not click Buy.

[thrugelmir] 12/4/2023 15:52

If you believe that the share price is too low. Then add to your holding. We are all the market.

[cc2014] 12/4/2023 15:18

Well I honestly do not know what to do. Last time I sold at 100p and whilst I'm sure it won't go back there in the current circumstances I struggle to see why the share price shouldn't begin with a 9.

Therefore if I listen to myself I should hold on and re-evaluate when it does begin with a 9. I suspect that's going to be an internal struggle because ADIG has been on a downtrend for so long.

[tiltonboy] 12/4/2023 14:33

NAV sneaking back up, but discount still at 26%.

MM's report that the last week or so Trusts have been very well bid. How long this lasts for who knows.

You pays your money, and you take your chance!

[hohum1] 12/4/2023 14:01

85p bid - what is going on? Quick - take profits!

[essentialinvestor] 11/4/2023 13:40

* thanks for the clarification, appreciated.

[hohum1] 11/4/2023 13:37

EI - Not sure about BUR debt. They certainly have a big position (4+%) in Burford Opportunity Fund.

[essentialinvestor] 06/4/2023 18:09

Spec, do you have any view on Pantheon International?, Thanks. CLDN getting a bit of
interest on the SKY news story

[essentialinvestor] 06/4/2023 13:50

* BUR this week would guess, don't they own a chunk of their debt.

[hugepants] 06/4/2023 13:45

It's unusual to see the NAV rocket 1.2% in a single day.

[spectoacc] 06/4/2023 12:56

Go on ADIG, never doubted you for a moment.

[thrugelmir] 03/4/2023 12:58

@essentialinvestor

Many investors aren't. There's endless social media commentary which is uninformed. Where very different investment companies are lumped together.

[essentialinvestor] 03/4/2023 12:26

I've also looked at NSI again recently but the % spread is really nasty, even allowing for the fact you can usually deal within that.

[essentialinvestor] 03/4/2023 12:04

I hold both RCP and CLDN so aware of their respective history, in any case appreciate the different views folks.

[thrugelmir] 02/4/2023 22:22

RCP is the Rothschild family controlled investment vehicle. Not a generalist investment trust. Likewise CLDN is the family controlled investment vehicle of the Cayzer's who made their fortune in shipping. Hence the perennial discount.

Investment companies i.e. trusts are created for the tax benefits. They are not all the same under the surface though.

[hugepants] 02/4/2023 19:57

EI The discount looks eminently silly to me. It's only been larger the last 10 years when covid hit.

Looking at CLDN it yields under 2% and announces a NAV monthly so I don't find it attractive. It also has 30% in private equity and about the same in "private capital". ADIG have little what you think of as private equity. They focus on income generating assets which makes the NAV more believable IMO. There seem to be quite a lot of trusts, such as RCP, with big chunks of private equity that have gone through covid and higher interest rates but still post a NAV well above the pre covid levels. I mean really? I find it kind of reassuring ADIG's NAV is lower than it was before covid.

[peckers56] 01/4/2023 09:10

Name change. Now called "abrdn Diversified Income and Growth plc".

[rcturner2] 31/3/2023 15:35

As a recent purchaser I am quite happy with a large discount as it provides a safety margin. The yield is also increased. However I don't want to see the discount getting bigger.

[essentialinvestor] 31/3/2023 15:15

HP, CLDN also holds quoted equities, including funds.

I don't see the ADIG % discount to NAV as an aberration, arguably it's eminently sensible.

You could make a case here for a 30% plus discount, particularly given the 5 year return.

[davebowler] 31/3/2023 15:09

hTTps://citywire.com/investment-trust-insider/news/peel-hunt-extraordinary-trust-bargains-are-like-2008/a2413201?re=107401&refea=252901 Peel Hunt ....Aberdeen Diversified Income & Growth (ADIG) were also cited as being on exaggerated discounts of 18-32

[hugepants] 31/3/2023 07:28

There are a few differences though EI. ADIG's portfolio is about 40% public, it pays a big dividend and has no gearing.