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ADIG Abrdn Diversified Income And Growth Plc

81.00
0.20 (0.25%)
24 May 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
  0.20 0.25% 81.00 80.20 81.20 81.40 81.40 81.40 315,634 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.49M -299k -0.0010 -814.00 251.67M
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 80.80p. 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 £251.67 million. Abrdn Diversified Income... has a price to earnings ratio (PE ratio) of -814.00.

Abrdn Diversified Income... Share Discussion Threads

Showing 751 to 774 of 850 messages
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older
DateSubjectAuthorDiscuss
12/3/2024
15:05
This also needs to be viewed in the context of a marked general widening of UK IT discounts to NAV.

Some decent IT's selling on around 10% (plus) discounts atm.

Now if you look at the ADIG record since the last NAV in British Assets Trust form... dire does not cover it.

essentialinvestor
12/3/2024
15:00
73.2625p to buy. Agree support isn't looking too healthy.
spectoacc
12/3/2024
14:46
IF the November low goes, you could see sub 70 pence pretty quickly.
essentialinvestor
12/3/2024
14:19
I looks like they have changed the way they value the 2031 bonds since yesterday to align with the redemption terms, so I assume that's another 0.7% permanently gone off the NAV.

I have no position here but I keep coming back to ADIG. I'm sure it's trading at a price I like but the longer I leave it the cheaper it gets which just makes me want to wait even longer. I'm pretty sure whoever is selling has more to come.

cc2014
12/3/2024
14:07
I added a small amount, hold over 32,000 shares now - which is probably pocket change to some who post here!.
essentialinvestor
12/3/2024
12:57
It will be interesting to see how quickly they liquidate the initial tranche.
tiltonboy
12/3/2024
12:42
0.7% approx lower on NAV from yesterday, if I'm reading correctly.

That's a chunky one day % move for ADIG.

essentialinvestor
11/3/2024
10:21
Buying at under 73.9.
essentialinvestor
08/3/2024
17:51
Pity they aren't buying back shares as part of the winding up.
strathroyal
08/3/2024
12:33
Nearing the November low.
essentialinvestor
08/3/2024
12:02
I see they are redeeming the remaining 6.25% bonds at a price of 115p.

And that ends the tale of that ongoing saga.

I don't know what they are trading at in the market but redeeming them at the likely top of the interest rate cycle makes sense unlike the last lot they bought back which they paid a crazy amount for in retrospect.

cc2014
07/3/2024
17:14
* thanks for the clarification on the XD.
essentialinvestor
07/3/2024
15:30
EI, it went ex-div this morning.

It is worth taking a look at recent NAV development - it has started rising again. This may not be unrelated to the fall in rates the past two weeks after a large rise. It is difficult to be anything other than hopeful that this is the true "reason" as there may be others and there will be significant noise in all of this.
If I was able to attribute changes in NAV to certain factors, I would be all over it, but as I said a few weeks back, this is not possible (without massive effort) even though we have excellent visibility on the portfolio.

However, over a long time period, the correlation with rates is pretty significant, though I am not confident on what they have done to hedge certain risks and therefore whether or not that dilutes this rates correlation at all.

My working conclusion is that rates DO play a significant part, and that if you are happy to take the risk that we are at/near the peak of the cycle, no matter how quickly they may or may not fall, the the structure of the fund, it's wind down status and discount represent a pretty decent medium term investment.

chucko1
07/3/2024
15:29
You should tell the PE funds that because their share prices don't agree. Unfortunately ADIG has only about 10% PE. The PE funds have massively outperformed ADIG the last few years. They are up 40%ish whereas ADIG is down 30%+
hugepants
07/3/2024
15:15
With the cheap money era over. Shakedown is envitable. Higher interest rates will hit some Private Equity models hard. Likewise more recent entrants to the alternative space.
thrugelmir
07/3/2024
14:41
I put it down to Aberdeen being the Fund Manager. Aberdeen’s own share price and performance says it all. They must be hemorrhaging AUM.
citytilidie
07/3/2024
11:20
HP, you asked earlier this week ...who is selling at 76 pence ? ..

Well now 74.6 on the bid (time of this post)
which some appear to be taking.

essentialinvestor
07/3/2024
11:11
There are an increasing number of trusts in wind-down. There's usually a handful at various stages, but the list is only increasing at the moment and there are probably a few more going to be added as the IT sector retrenches to address over supply/insufficient demand.

That probably suggests that it might take a while for share registers to shake out as buyers seem to be very selective and have some ability to name their price in providing liquidity for decent sized clips.

cousinit
07/3/2024
09:01
1.4p XD today, but still a good question.
spectoacc
07/3/2024
08:52
How low can it go ..
essentialinvestor
06/3/2024
09:26
Those selling at 76p clearly know something I dont! Just seems bananas selling at this price when there is so much low risk upside to come.
hugepants
29/2/2024
16:35
Realising some loss for annual capital gain report?
riskvsreward
29/2/2024
14:38
Ah! Good spot - sold at 77.4p, bought at 77.6p - how very "ADIG". :)
spectoacc
29/2/2024
14:37
...and bought 52k
tiltonboy
Chat Pages: 34  33  32  31  30  29  28  27  26  25  24  23  Older

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