A global investment giant. They offer long-term savings and investment products to commercial and individual customers in Europe and Asia.
I hope Aberdeenās new name, an anagram of brand, the devowelled ABRDN, doesnāt become āa burdenā for them.
I canāt believe so many got worked up in the news about the branding as it seems to have done the exact job it was intended to do
The AGM took place today. From what I saw abrdn got a mandate to buy ii.
Do you think ii will be a positive move/investment for abrdn?
Interesting moveā¦
Deepest apologies, I didnāt scour every other thread (Iāve now found one reference in a general āCompetitorsā discussion 2 hrs ago), and it didnāt throw up any results on the search function, including that Iāve just mentioned.
Back to the shadows for me to mind my own business ā¦
Donāt worry mate. Donāt take the comment too seriously, I think it was just banter.
Interesting new topics are always welcome.
Cheers buddy. I presumed it was but decided to jump into āIām offendedā mode on the off chance it wasnāt . Got me wading back through all of todayās threads though !!
Back on topic, could be a positive for Freetrade. Integrating into a large legacy business is rarely easy, cheap or to the benefit of the existing customer base, who may seek a new home. Spending many millions on a widely ridiculed rebrand hasnāt exactly helped to reenergise the Abrdn/SL share priceā¦
Could also be bad as II is far too complex a structure to use for many. If ABrdn simplify it they may actually gain a lot more customers as they offer a good range.
The vote has gone out. Will it be a good move for this company to buy it?
Ā£55 billion AUA. Its customer profile is very different from Freetrades.
$ABDN expected to be relegated out of FTSE100
At the time of the merger their combined market value was more than Ā£11bn but that has since fallen to Ā£3.2bn while the company has faced persistent investor outflows and struggled to integrate its back-end systems for years after the deal.
I think retail investors, of the type that use Freetrade as a broker etc, should take note of the following comment:
āMany active fund managers make a good living attempting to pre-empt index announcements, and by the time you have heard about the potential deletion or inclusion it will likely be too late to take advantage of the news,ā he said.
Article in the telegraph today is scathing of the management performance and potential solutions are to break up the group or sell as a whole.
Not good news for the shares that they are being heavily shorted
Adverse market and client defections hammer Abrdn
Dividend arrived today, on time.