IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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Abrdn : Deutsche Bank raises target price to 199p from 195p
What affect, if any do we think a Labour government will have on the pension industry and pension companies? Will the 25% tax free lump sum end or will they try to encourage more saving so less people have to rely on the state. Let’s face it, the state benefits and pension system in its current form is not sustainable.
Why so many 8.3 Notes Hmmm
Phoenix rumours and HL recommending offer …Interactive Investor purchase looking even finer…the only sensible thing Drib did.
Please show me the money i.e. proof
He is 28 years older than his wife - she must be expecting him to keel over!
Cannot see the divi being sustained. there are quite a few comments from IFAs out there saying the Adviser service has been going downhill - not surprising after many contact centre staff left after being dumped in the Gyle - and so, they have now cut their fees after £1.5bn AUA were lost. https://www.abrdn.com/en-gb/adviser/news/reduced-platform-charges-on-wrap
Good to see Stphn Brd has gone after chucking away £30m+ on buybacks while going on about saving £1m by leaving central Edinburgh. The contact centre is being refilled by a mix of temps and perms, which must be great for morale.
Looks more like a transfer between apouses
£18,000
Sorry, no that's not remotely the same thing.
ET42 is the same with banks making their money on deposits in the first instance if you think the FCA will start plundering the banks and partly owned by the government then you only end up in a civil pirate war... Abrdn is a rising Phoenix maybe once the AUM from the Far East, China will start to show up again.
The share price would suggest the market as a whole doesn't believe the dividend is sustainable at its current level.
II makes a lot of its profit (more than half its revenue) by retaining a margin on customer cash deposits- ie not passing the interest they earn on to them in full. I'd be a bit nervous about that in light of the FCA's recent 'Dear CEO' letter on the topic. II would be loss making without that revenue stream.
But a new CEO is more likely to wonder why such a dividend is justified given the performance, whereas Bird needed to maintain the dividend to justify his continuing in post.
I disagree, the company has improved q1 and a dividend was maintained throughout some of the darkest times. Divs aren't decided on share price performance but on the company as a whole.
A dividend cut may be on the cards..although what is the shareholders’ reward for holding these shares apart from the dividend?…the only bright point in Abrdn’s earnings is interactive investor.
JatW,
Agree that a dividend rebase is on the cards and more likely than not. The Vodafone board was full of posters saying their dividend was sacrosanct and would not be cut but a new CEO gets one shot at it and needs to be early in their tenure. Personally factoring a 50% reduction for my long term holding.
Looks like 150p it is a entry point for now, lovely
The cash cost of the dividend is about £250m
They hold about £500m of PHNX stock they can sell, so they should be able to afford the divi for several years…..but I think it will be a sign of weakness if they have to sell their PHNX stake just to pay the divi. The next CEO will undoubtedly want to rebase the divi if he / she can justify it. 1 they can blame brd for the poor state of the balance sheet, 2 they can grow it from a lower base, 3 if the SP takes a hit they get their share options at a lower strike price.
I don't think they are 'secure',as this company sold it's insurance business for a few billion many years ago and has been spending money on share buy backs and at much higher prices . The spending spree later culminating in buying ii stockbrokers and now now looks like it is over. Now they have to earn their living to maintain this dividend level.
Most traditional fund management shares are down also with redemption's. Having said all that, I'm on the side waiting for some sign of earnings growing again and AUM growing (pulling in new business).
Thats difficult to say, however this link may help it shows the dividend history and although just because they have paid a dividend in the past is no gurantee that they will continue in the future, it is a good indicator
https://www.dividendmax.com/united-kingdom/london-stock-exchange/life-insurance/abrdn-plc/dividends
How secure are Divis here and at phnx actually looking ?
Invested a small amount this morning. Looks like a good recovery play. Possible takeover target. Great divis. GLA
Because its a dividend machine. I continue to buy 500 quid a month, now got 15000 shs
As in previous post, I note Qube have added to their short in FUTR….someone somewhere on this site must have had a look at all these excellent short decisions by Qube …worth a contrarian bet?
It's very strange .
My question is why are Hargreaves Lansdown and others buying - is something known by some and not others ?
Any idea what is causing these large buys recently? Anyone think they will break up the company and sell?