Re: ADN share buy HiI`ve bought back in, twice today @ 276.9 & 272.Wrong so far.After closing prior longs , have also re entered SB longs, all are a tad down for now.Market in panic mode, that will pass.250 ish quite possibly the correct level to buy/go long.If seen I`d add more.GLsoi
Re: Interims Still kitchen sinking. That's OK this is all about emerging markets. EM bear market over. Classic recovery stock.M
Re: Interims I agree it is the underlying EPS figure which counts - amortisations etc are always going to make the headline look poorer in a company in this industry.Net cash of £400m is a support to the dividend, though on the reduced cash-flow it looks as though the dividend will not be entirely covered by the annual free cash inflow.We knew these figures were going to be bad and the volume of shares traded doesn't look exceptional which to me indicates there is no enormous surprise in the market. What they say in the presentation currently under way will set the tone for the next move. My guess is we will consolidate around this level.
Re: Interims I know what you mean, but the UNDERLYING EPS covers it OK.· Underlying earnings per share 9.6p (-41%)· Interim dividend per share unchanged at 7.5p
Re: Interims Don't like the fact that the divi is not covered and there is not a massive chunk of cash headroom.I have sub 250p as a buy in price, hope to see that after we go ex div.
Interims Poor, but probably much as expected, with some promising hints of recovery. (Assets under management up, dividend held, their performance outperforming benchmarks.)It puts the current rating on a PE of about 15 which is probably about fair value; but one with a tasty yield of over 6%.
Re: Just a bit more. It'll probably bounce down off the 200SMA first?
Just a bit more. To get past two hundred day moving average. Hold above that and the upside is established. M
Re: ADN share buy/sold Looking good Soi. I am still long from 440p. Divi is good and I as these are in my SIPP I have essentially forgotten about them. If we dip below 250p again I'll double up. Also watching BDEV, target 517p.Having said that I am doing well with indices atm so not paying much attention to shares.ATB,JTT
Re: ADN share buy/sold Hi260.4 bought back shares.................272.38 sold.Decided to take a profit again.Have also been trading it on SB, longs, still a little in.ATBsoi
Re: ADN share buy Hi260.4 bought back shares.ATBsoi
NEW ARTICLE: Important moment for this share "Aberdeen Asset ManagementWe last viewed LSE:ADN:Aberdeen in May last year and, unfortunately, rather a lot of our misery has come to pass. One thing which strikes as important is mentioned in our last report, essentially a strong argument ..."[link]
NEW ARTICLE: Trends and Targets for 5/04/2016 "ABERDEEN ASSET MANAGEMENT (LSE:ADN) We last viewed this lot in May last year (link here) and unfortunately rather a lot of our misery has come to pass. One thing which strikes as important is mentioned in our last report, essentially a strong ..."[link]
Re: ADN share buy "Picked some up a few minutes ago @ 264.2."Maybe wrong but sold these yesterday @ 272.4 for a quick profit.Hoping to buy back at some point.If not, so be it.ATBsoi
some ADN shorters are closing [link] and New York-based hedge fund companies Samlyn Capital and Emerging Sovereign Group have closed their short positions since February.SG