Abrdn Property Income Share Price (API)

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Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Property Income Trust Limited LSE:API London Ordinary Share GB0033875286 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.90 1.16% 78.20 512,939 16:35:00
Bid Price Offer Price High Price Low Price Open Price
78.30 78.50 78.90 77.50 77.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 26.49 85.73 21.54 3.6 60
Last Trade Time Trade Type Trade Size Trade Price Currency
18:01:52 O 14,101 78.479 GBX
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Scottish Mortgage Invest... (SMT), M&g (MNG), Auctus Growth (AUCT), Energiser Investments (ENGI)

Abrdn Property Income (API) Latest News (1)

Abrdn Property Income News

Date Time Source Headline
27/6/202207:00UKREGabrdn Property Income Trust Limited Purchase of Own Ordinary Shares
20/6/202207:00UKREGabrdn Property Income Trust Limited Purchase of Own Ordinary Shares
17/6/202214:01UKREGabrdn Property Income Trust Limited Director Resignation
16/6/202212:35UKREGStandard LifeInvProp Change of Name
15/6/202212:56UKREGStandard LifeInvProp Results of Annual General Meeting
13/6/202207:00UKREGStandard LifeInvProp Transaction in Own Shares
06/6/202207:00UKREGStandard LifeInvProp Purchase of Own Ordinary Shares
30/5/202207:00UKREGStandard LifeInvProp Purchase of Own Ordinary Shares
26/5/202213:53UKREGStandard LifeInvProp Director/PDMR Shareholding
23/5/202210:45UKREGStandard LifeInvProp Purchase of Own Ordinary Shares
More Abrdn Property Income News
Abrdn Property Income Investors    Abrdn Property Income Takeover Rumours

Abrdn Property Income (API) Discussions and Chat

Abrdn Property Income Forums and Chat

Date Time Title Posts
27/6/202223:08abrdn Property Income Trust Limited5
07/3/201513:14**** API Group ****1,092
01/2/201410:31API - Freddy's thread and so time to get in320
11/3/201009:18API - A Prime Investment (120p)546
26/1/200417:31API buys Van Leer7

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Abrdn Property Income (API) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-27 17:01:5878.4814,10111,066.32O
2022-06-27 16:08:2878.2010.78O
2022-06-27 15:35:0078.2095,11474,379.15UT
2022-06-27 15:28:2078.301,5391,205.04AT
2022-06-27 15:26:5878.20239186.90AT
View all Abrdn Property Income trades in real-time

Abrdn Property Income (API) Top Chat Posts

DateSubject
27/6/2022
09:20		Abrdn Property Income Daily Update: Abrdn Property Income Trust Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker API. The last closing price for Abrdn Property Income was 77.30p.
Abrdn Property Income Trust Limited has a 4 week average price of 76.90p and a 12 week average price of 76.90p.
The 1 year high share price is 90p while the 1 year low share price is currently 68.50p.
There are currently 76,633,062 shares in issue and the average daily traded volume is 866,557 shares. The market capitalisation of Abrdn Property Income Trust Limited is £59,927,054.48.
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27/6/2022
15:57		spectoacc: API continuing to buy back in decent size.
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16/6/2022
17:43		jonwig: It looks like all the old news and financials has been transferred from SLI to API. Website hasn't changed from SLIPIT. Chart looks screwed!
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22/1/2015
18:41		arthur_lame_stocks: I wonder if it's an attempt to smoke out a higher bid. Presumably there was some interest at a higher price last time the company was put up for sale. Or are Steel hoping to flip it for a quick profit? Personally I think there shares are worth £1 and i'll just about breakeven after costs if this takeover goes through.
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22/1/2015
13:24		davidosh: Are Crystal Amber still active and key shareholders here ? if they did not put their name to the bid and only a few months ago stated in their own AR that this holding should be worth £1 a share then thefe could still be some sparks to fly and upwards adjustment needed to get the 75% they need.
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08/12/2014
12:27		davebowler: Equity Development; API is a leading manufacturer and distributor of foils, films and laminates used to enhance the visual appeal of products and packaging, helping its customers to communicate brand values and authenticity. Interim results were mostly as flagged in September. Headline sales were broadly level, 1.6% up y-o-y at constant exchange rates, but lower profit reflects an adverse mix of contributions from the group's four divisions, which sell distinct products into European, US and other world markets. Group finances remain in robust condition despite recent capex and lower than anticipated profitability. Both mid-year net debt at £5.7m, meaning 22.2% gearing, and working capital were in line y o y. Net interest was just £0.2m in the first half. The shares appear underpinned by a 7% increase in the interim dividend and potential 2.2p full year distribution, giving a 4.7% prospective yield. Similarly the PER is 10.1x (FY15e), falling to just 7.0x (FY16e) which reflects the uncertainty, but not the recovery potential driven by both completed and further planned strategic initiatives.
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08/9/2014
08:05		arthur_lame_stocks: From Crystal Amber's results: API Group PLC ("API") API manufactures and distributes laminates (52 per cent of group revenues), foils (42 per cent) and holographics (6 per cent) to printers and packaging manufacturers in the UK and US. These decorative finishes are used to enhance the visual appeal of branded consumer goods and are sold in the UK (20 per cent of revenues), the rest of Europe (58 per cent), Americas (15 per cent) and Asia Pacific (7 per cent). API's holographics and foil distribution businesses deal with a fragmented and regional supplier base. In contrast, API laminates is the main supplier in Europe, with an estimated 40 per cent market share, which is even higher in products such as tobacco, alcoholic drinks, and personal care. The company produces over 80,000km per year of laminated material, sufficient for approximately 38,000 consumer goods items in the average supermarket. Due to their relatively low cost, decorative supplies normally become tied to the lifecycle of a brand's product: once the supply is approved and qualified, it tends to last for several years. The customer's focus on supplier reliability and quality creates moderate barriers to entry for large-scale imports. The holographics market is estimated to be over $1 billion in size, and growing at seven per cent per year, with a fragmented and regional supply base. With laminates and holographics, API's challenge is to move from a component supplier to marketing its capabilities direct to clients such as brand owners of consumer goods. Similarly, in foils, API's strategy has been to increase direct sales to customers, acquiring or growing its own distribution hubs in local markets to capture their 20 per cent product margin. The current management team arrived in 2007 and, following an £8 million fundraising, started a business turnaround. Since 2008, revenues have risen from £87 million to £114.7 million, and a £4 million annual loss has turned into a £6 million profit. Net debt, which in 2009 was £17 million, disappeared in 2014. The consolidation of the two API Foils Americas sites could release considerable value from the Rahway freehold property, and be significantly accretive to margins. Activist issues have been prominent at API since February 2012, when its board received a request from its two largest shareholders to explore the sale of the business, and the Fund bought its stake. Steel Partners and Wynnefield Capital together hold 60 per cent of the equity and have board representation. The Fund supported the management's strategy and, at the end of September 2012, API initiated a sale process by inviting tenders. In February 2013, after the board announced that indicative bids were below 90p per share, we wrote to the chairman indicating that, in our opinion, an offer at that level would not reflect the value of the company. With management only part-way through its revival plan, we believe that more shareholder value will be released by allowing the benefits of this to become apparent. The board confirmed its agreement with our position and the sale process was terminated. With the distraction of the sale process behind, the Fund held discussions with management around key issues including the reintroduction of a dividend, the composition of the board and the establishment of new strategic targets. Despite initial reluctance, the board has in 2014 reintroduced a dividend, and announced a review of the board composition that we expect will result in the appointment of a new chairman. We look forward to additional engagement on the selection of a new chairman, and the quantum of the dividend. Over the 2014 fiscal year, API continued strengthening the business, and has now opened a new distribution site for foils near Manchester, which will allow its other site at Livingstone to focus on production. New SAP systems have been installed in the US foils business and are now being rolled out in the European distribution network. These will help API reduce its working capital and improve pricing. Together with these changes, API has experienced the inevitable turbulences that come with operational changes but the changes have resulted in a stronger business. It is our belief that the reorganisation, investment and marketing initiatives combine to offer upside well in excess of 100p per share. We intend to continue our engagement with the board and management to ensure that full value is delivered.
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04/9/2014
14:07		davebowler: Equity Develpoment; API is a leading manufacturer and distributor of foils, films and laminates used to enhance the visual appeal of products and packaging, helping its customers to communicate brand values and authenticity. Yesterday's trading update warned that results for both the first half of the current year, and the full year itself, are likely to be below current expectations. Indeed both outcomes are probably going to be below the outcomes reported in 2013 / 14. The problems are in the pigments unit and may not prove long-lasting, indeed the RNS states that ''a recovery is now getting underway.'' It also comments that the other divisions are trading broadly in line with last year. We reduce forecast underlying diluted EPS for the current year to 5.7p, with 7.1p in the year following. Applying our previous calculation as to fair value at 11x forward EPS on the new estimate gives a share price of 78p. Considering a historic yield well over 3% on the shares (last dividend of 2p), coupled with ongoing investment and some exciting growth prospects, the shares seem reasonably underpinned after this correction, pending future updates on improved trading that should drive a recovery in ratings.
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07/4/2014
07:42		kalkanite: Trading update today....... Press Release 7 April 2014 API Group plc ("API" or the "Group") Pre Close Trading Update API Group plc (AIM:API), the leading manufacturer of specialist foils and packaging materials, is today providing an update on trading ahead of its final results for the 12 months ended 31 March 2014, which are scheduled to be announced on Wednesday 4 June 2014. In line with the Board's guidance when interim results were announced in December 2013, the Group experienced a strong overall trading performance in the second half. However, the recovery has not been enough to fully offset the weak first half and full year results are now anticipated to be at the lower end of expectations. As planned, Holographics returned to break even in the last quarter after realigning its cost base to current sales levels. Laminates results improved after a full six months contribution from the major new supply contract and Foils Europe continued to make solid progress after the first half re-organisation of its UK operations. Volumes at Foils Americas weakened unexpectedly in the final three months, although results for the year as a whole will still be close to what the business unit achieved last time. Capital expenditure has been lower than originally planned, although still well ahead of depreciation. Investment in additional capacity in the foils businesses is scheduled to come on stream during the first half of the new financial year. With working capital substantially unchanged, further progress has been made on debt reduction and the Group expects to report a positive cash position at the year end, for the first time in 15 years. - Ends - Negatives are "full year results are now anticipated to be at the lower end of expectations." Overall this is positive, despite continued investment (above the depreciation costs)and a dividend paid out for the first time this year, debt has been reduced and the company "expects to report a positive cash position at the year end, for the first time in 15 years." Strong second half also bodes well going forward. With management proving themselves once again, I'm very happy to continue to hold. K
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10/2/2014
11:19		kalkanite: ....... That said, I think that there is a good possibility that API share price will be about 50% higher in 12 to 18 months time, certainly nothing to be sniffed at. As always this depends on the economy continuing its recovery, with predictions of salaries rising in real terms this year there will be more money for the luxury goods that API produce the wrappings/boxing for. Plain packaging for cigarettes could be a setback but that shouldn't happen in the UK (not including Scotland of course) until after the next election at least.
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10/2/2012
17:14		brinks_matt: Business Wire News from Business Wire Wynnefield Capital, Inc. Sends Letter to API Group Supporting Steel Partners Holdings' Call to Commence Sale Process Wynnefield Capital, Inc. Sends Letter to API Group Supporting Steel Partners Holdings' Call to Commence Sale Process Wynnefield Capital, Inc. announced today that it sent a letter to the Board of Directors of API Group Plc, in support of the Steel Partners Holdings February 8, 2012 letter regarding the exploration of a sale of the Company in order to fully realize the value of API Group. Wynnefield Capital, Inc. announced today that it sent a letter to the Board of Directors of API Group Plc, in support of the Steel Partners Holdings, February 8, 2012 letter regarding the exploration of a sale of the Company in order to fully realize the value of API Group. Wynnefield Capital is the second largest stockholder of API Group. Wynnefield Capital is the second largest stockholder of API Group. The full text of the letter follows: The full text of the letter follows: February 10, 2012 February 10, 2012   Mr. Andrew Turner Mr. Andrew Turner API Group Plc API Group Plc Second Avenue Second Avenue Poynton Industrial Estate Poynton Industrial Estate Cheshire, SK12 1ND Cheshire, SK12 1ND United Kingdom United Kingdom   FOR DISTRIBUTION TO THE BOARD OF DIRECTORS FOR DISTRIBUTION TO THE BOARD OF DIRECTORS   Dear Andrew, Dear Andrew,   Wynnefield Capital, Inc. noted with interest the letter you received from Steel Partners, dated February 8, 2012, and your response. Wynnefield Capital, Inc., noted with interest the letter you received from Steel Partners, dated February 8, 2012, and your response. We agree with Steel's assessment that "the market price of API does not reflect intrinsic value and this value will only be realized through a sale of the Company." We agree with Steel's assessment that "the market price does not reflect API of intrinsic value and this value will only be realized through a sale of the Company."   Given the extraordinary progress that you and your management team have made in stabilizing and growing API's businesses, we believe this is an appropriate time to determine if there exists a buyer for the Company willing to purchase it for a price that represents the Company's true value. Given the extraordinary progress that you and your management team have made in stabilizing and growing API's businesses, we believe this is an Appropriate time to deter mine if there exists a buyer for the Company willing to purchase it for a price that represents the Company's true value.   If you would like to discuss this further, I can be reached at 212-760-0134. If you would like to discuss this further, I can be reached at 212-760-0134.   Sincerely, Sincerely,   Nelson Obus Nelson Obus Wynnefield Capital, Inc. Wynnefield Capital, Inc.  Â
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