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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.20 | 0.45% | 44.60 | 353,680 | 16:35:13 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 44.60 | 45.30 | 44.60 | 44.60 | 44.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 96k | -3.66M | -0.0118 | -37.80 | 137.27M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:13 | UT | 364 | 44.60 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 19/2/2025 | 12:56 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 18/2/2025 | 12:44 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 17/2/2025 | 12:46 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 14/2/2025 | 12:23 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 13/2/2025 | 12:14 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 12/2/2025 | 12:47 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 11/2/2025 | 12:21 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 10/2/2025 | 13:10 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 07/2/2025 | 11:49 | UK RNS | abrdn Diversified Income and Growth Net Asset Value(s) |
| 06/2/2025 | 14:37 | UK RNS | abrdn Diversified Income and Growth Month End Net Asset Value(s) |
Abrdn Diversified Income... (ADIG) Share Charts1 Year Abrdn Diversified Income... Chart |
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1 Month Abrdn Diversified Income... Chart |
Intraday Abrdn Diversified Income... Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/2/2025 | 17:23 | Aberdeen Diversified Income and Growth Trust plc | 990 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:35:13 | 44.60 | 364 | 162.34 | UT |
| 16:28:39 | 44.69 | 24,084 | 10,762.25 | O |
| 16:25:34 | 45.30 | 100 | 45.30 | O |
| 16:25:34 | 44.60 | 500 | 223.00 | O |
| 15:39:36 | 44.52 | 241 | 107.28 | O |
| Top Posts |
|---|
Posted at 20/1/2025 19:08 by 2wild Watching paint dry seems like an enjoyable experience compared to waiting for ADIG figures.NAV remaining solid at 69.42p on 17th January. |
Posted at 10/1/2025 12:31 by 2wild 9 Jan NAV 69.11p, up 4.5% from 2nd October.SP also now starting to edge up, with offer price currently at 45.3p, 34.45% discount to NAV. Even higher if you exclude cash holdings. |
Posted at 11/12/2024 14:55 by 2wild 10th December NAV 67.75p, 56% above current share price. |
Posted at 02/12/2024 23:54 by 2wild 28 November NAV was 67.93p, 58% above current share price. I've been accumulating recently, as I can't imagine making a loss. Potential upside of around 40 to 60% is plausible. |
Posted at 03/7/2024 09:46 by cynicalsteve I have another (less likely) theory for the high early share price, the market makers would have to make a judgement of the opening price, to do this they would have to work out the new discount. Perhaps they were too optimistic and were hit with a wave of selling? This theory comes from my own disappointment, I was expecting an overall gain of a penny or two today but the market has taken the whole 38p off the share price so the discount is now 40%. This is a very negative view of when the assets will be sold and the price we will get for them. |
Posted at 20/6/2024 11:30 by skinnypope @hohum - where have you seen that holding please?The only abrdn investment in Action that I can find is in their old APEO fund (now rebranded as Patria), in which ADIG has no holding? [ADIG did hold some 3i equity however, but this has now been sold]. Thanks in advance :-) While we wait for the capital return I just had another glance at my numbers and I'm still amazed that the share price hasn't re-rated higher. Post the capital return I see the following: 1. 38p cash return should drop the share price by 38p i.e. new share px = 44.3p 2. Market cap will be £133m, versus NAV of £209m [remaining cash £17m, PE assets £190m, £2m "others"] = discount of 36% 3. Discount is much higher than it should be compared to peers (roughly 25%), or even compared to earlier this year (Feb = 29%) 4. Forward dividends - a tough one this, but I see the annual dividends historically funded by the public assets around 33% [£5.5m p.a.] and the private assets by 67% [£11.5m p.a.]. Even if I cut that down to £10m p.a. from the private assets going forward, that's a dividend yield of over 7% |
Posted at 06/6/2024 12:03 by skinnypope Is it just me, or shouldn’t we be hearing about the capital return by now?Meantime, some more numbers to chew over: 1.I think I see where @HugePants [great name btw] gets the 37% discount from, however I’d go further and say it’s 41%. I believe the £67m of fixed income on the last factsheet are short dated t-bills, i.e. effectively cash. Therefore: Cash + Fixed Income = £132m Private Market assets = £190m NAV = £322.6m = 107p/share Removing the £132m cash + fixed income from both the NAV and the market cap gives: NAV = £190m Market cap = £111.5m Discount = 41% 2.This “ex cash” discount was ~29% back in Feb, and pure PE plays (APAX, ICGT etc) are on about 25-30% discounts. 3.If we put this discount back to 30%, the share price should be 88p TODAY 4.In other words, either the share price is discounting the new large cash pile (unlikely), or hasn’t adjusted higher enough to the recent activity. I suspect this could be corrected by some news and details ASAP on the capital return. In summary I continue to be a strong HOLD targeting 85p [optimistically 88p] ahead of the capital return |
Posted at 27/5/2024 11:33 by skinnypope A very welcome run up in the share price of late, I thought I'd refresh my numbers accordingly.Assuming the £66.875m of "Fixed Income and Credit" are the UK t-bills or equally liquid bonds, then Cash plus those = £132.5m £115m of that is for the capital return, the balance of £17m will be retained for working capital and future PM assets funding. £17m is below the amounts in the circular ["up to" £38m for PM funding and £8.5m working capital], but Tranche 1 of the PM assets shouldn't need any funding, so it's right that they will carry less cash than the disclosed £38m in the circular. Leaving my other assumptions the same [Tranche 1 PM assets redeem at NAV, Tranche 2 sold for 30% discount] gives IRR around 13-14% on 81p share price. Not great, but not awful, and with the portfolio greatly de-risked it looks about right. Having doubled up at 72-73p I will hang on at these levels, targeting 85p in the short run. |
Posted at 09/4/2024 09:22 by sll Attended AGM/GM 27/2/24 and spoke with a couple of ADIG Directors, after the formal parts, which I supported. Impressed on them that 'time is indeed money'. The sooner they liquidate positions, the lower the value that may be attainable. When they part with the easier to sell 'more liquid' holdings, as detailed to the meeting, the entirety of that circa 30% discount will (unless it re-rates) transfer to the 'less liquid' positions. So, If we have 106p? NAV now and an share price of (say) 74p (being 30% discounted) if (say) 24p (of undiscounted liquid assets) can be realised sooner, at close to par, then the NAV moves down to circa 82p and the post-capital redemption share price might move down to circa 50p? (74-24) taking it down to a 39% discount. There are ZERO guarantees here, but a future upwards re-rating may be entirely conceivable? as 'more time' is allowed for the less liquid off-market positions to mature, closer to (or even above stated NAV?)as the Board conceives 'may be possible'. So, I'd prefer to wait longer, rather than settle for less sooner, and privately expressed that view. |
Posted at 28/2/2023 22:02 by wunderbar Re HOME REIT. In the full year report y/e 30 Sep 2022, ADIG's holding was worth £1.449m. According to ADIG's Portfolio Holding Summary for Nov 2022 [downloaded from company website] the value had plummeted to £807k [ADIG held 1.6m shares]. Note there was no mention of HOME REIT being a significant holding in the Interim report therefore we can deduce ADIG acquired majority of stock between 1 Apr and 30 Sep 2022, likely paying between 100-120p a share before bailing out in Dec 2022 around 34-50p. I reckon ADIG has lost between £800k and £1.38m on this investment. I'm sure Nalaka De Silva will be very keen to sweep this one under the carpet.I'll say very quickly I strongly disagree with winding up the trust. I simply can't understand the mentality of anyone voting this way. Today's AGM result showed overwhelming support for the continuation of the company [almost 92% of votes]. What's to be gained from closing the trust? More than half of ADIG's investments are now in Private Markets, these investments typically take 5-10 years to mature. At present we're only 2.5 years into the new investment strategy. Patience is required here. If anyone on this bb doesn't want to play the long wait or simply hates ADIG [and there seems to be quite a few here] then simply sell your shares and move on to pastures new rather than repeating the same mantra of winding up the company. In the meantime I'm quite content to sit tight and collect the generous quarterly dividend. I think the current share price circa 88p is very attractive entry point, offering a yield of 6.38%. So much so I've been buying up more stock in recent days and will continue should it dip further. In general this is a very boring and reliable stock. Sure, the share price performance in past few months has been disappointing but hopefully it can start grinding its way back up just as it did post Covid crash. It is still my intention to sell up to 50% of my holding around 98-100p purely because I'm top heavy in ADIG [too many eggs in one basket]. The steep discount to NAV remains a big problem and I do agree with comments about ADIG management being accountable for letting this discount persist, it's simply unacceptable, more so given the discount has now widened to 25%, a far cry from the now defunct target of 5%. Whilst I've said patience is required here I would still be critical of the trusts performance with regards to the almost negligible growth rate in NAV. At year end it was 117.6p, five months later it's barely changed. Given we're just a month away from Interim cut off point of 31 March [half year report published three months later] it's looking odds on for another period of non-growth. Note two years ago [Sep 2020], around the time ADIG changed investment strategy, NAV was 113.4p. Since then little progress has been made, NAV increasing just over 4p [3.57%] during this period [very poor considering the market has bounced back strongly from Covid lows]. I’d like to see both Nalaka De Silva and chairman Davina Walter acknowledge this sluggish progress rather than pulling the wool over investors eyes with manipulated data. The double digit growth rate they quote is merely attributable to the inclusion of the healthy dividend income. Strip this out and the key stats reveal a pretty unspectacular performance this past 12 months with share price down 13.66% and NAV barely changed. Forget about Private Markets for a moment, why aren't Equities or Credit Income having a positive impact on NAV? For these reasons it’s easy to understand why many shareholders are dissatisfied at present. |
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