Abrdn Diversified Income... Share Discussion Threads

[essentialinvestor] 17/1/2020 12:39

I was just looking at ADIG this morning and thinking again why am I
holding this!, Thankfully it's a small amount.

The idea, from memory, is they would expect to mitigate about 50% of the
falls in wider equity markets.

[hugepants] 17/1/2020 12:26

Is the idea behind this that it outperforms if the equity markets take a tumble?
If so its maybe not the worst investment in the world. Yield is 4.5%, discount approx 8.5%. I like the fact it has underperformed the wider market by a country mile. Maybe the tables are about to turn.

[essentialinvestor] 03/1/2020 17:06

From memory it's a 15% max atm.

This was briefly available under 1.02 last year.

Ironically ADIG is usually hit hard on any UKX weakness.

[rich1952] 03/1/2020 16:59

What happens when they've purchased all the shares?! I suppose we have to get used to the constant discount after years of the share price trading at a premium.

[essentialinvestor] 03/1/2020 16:51

Around 1.05/6 is often a decent entry price.

Problem here, how long can they keep buying back shares at the current rate?.

[hugepants] 03/1/2020 16:26

I bought some of these.
Not sure why.

[rich1952] 12/9/2019 16:15

Buying their own shares is almost daily ATM. Seems to be a disaster area. Can they carry on ad-infinitum?

[pherrom] 18/7/2019 08:26

I don't know about any limits but if BSET had stayed with the portfolio as it was, I reckon that the shares would be about 50% higher than now. Just idle speculation.

[rich1952] 16/7/2019 15:41

First F&C with British Assets Trust, then Blackmore now Aberdeen.It seems very difficult for any manager to get capital growth in this portfolio.How much longer can the company repurchase its shares? Is there any limit?

[8w] 31/5/2019 14:04

Well and truly, defensive quality gone walk about, hopefully wont go much beyond 10% discount.

Will consider a top up but will keep a watching brief for the moment

[essentialinvestor] 31/5/2019 10:15

Trap door opened.

[essentialinvestor] 30/5/2019 13:13

I'm surprised the discount has not widened before now to be fair.

Around a 10% NAV reduction offer the last 12 months, defensive?.
or indefensible!.

[8w] 30/5/2019 12:45

hxxps://aberdeen-asset.kulu.net/view/H8iBWgeuBeW?opendocument&utm_campaign=UK_IT_factsheet_April_2019&utm_medium=email&utm_source=Eloqua&utm_content=CAAML000000071002&utm_company=N%2FA&cn=Factsheets


Hopefully this is the link to presentation

[8w] 30/5/2019 12:31

I'm afraid it is a new low. The rise in share price was based on hope rather than performance. NAV is lower now than when Aberdeen took over. Hope, the cruellest emotion, is now ebbing away.

What's worse if this returns to the discount at change over (about 10%) we have further to drop.

Watched an ADIG webcast a while ago. From memory the underlying theme is that the portfolio is a work in progress and they are happy with the shape it is taking. They would say that wouldn't they.

[essentialinvestor] 30/5/2019 08:34

Is this a new low for the share price in it's current ADIG incarnation?.

[essentialinvestor] 30/5/2019 07:09

Just to clarify, I was not knocking Buford, just referencing ADIG's
knack of unfortunate timing, they appear to have bought right towards the top.

[8w] 30/5/2019 07:04

Don't know a lot about Buford. But cursory glance seems to indicate the company is heading in the right direction. Broker buy, share price rising, positive news flow. Could be a good investment for ADIG.

[essentialinvestor] 01/5/2019 15:22

ADIG recently bought in to Burford, oh my.
It may be their largest individual equity holding.

[essentialinvestor] 26/1/2019 22:10

Ah right thanks, so I was not too far off then.

[8w] 26/1/2019 18:57

hxxps://citywire.co.uk/investment-trust-insider/news/catco-crash-knocks-10m-off-aberdeen-diversified-income/a1193734?ref=investment_trust_insider_latest_news_list

Looking at HL it looks like NAV drawdown of about 9.5% from high point in early Jan to 31 Dec. 2018

Link to article, which warns possible more pain to come from Catco.

On a positive note we have had a small NAV bounce in the last couple of weeks

[essentialinvestor] 26/1/2019 14:02

8w, if the Cato write down is allowed for, NAV has fallen around 10%
during 2018?.