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Aberdeen Asset Management (ADN)     

candolim - 22 Jul 2006 13:53

aberdeen asset managemnt this company has fallen from 1.90 per share in may down to 1.34 now. despite having really good broker recommendations, as being a strong buy. Lets hear views and whether or not if you thing they have a good chance of recovery. I have quite a few shares and am wondering whether to stick with or move the money into something else.

david lucas - 18 Sep 2013 10:02 - 106 of 470

Bought 2000 at 363.07p!
It is a great share so can afford to wait!

rekirkham - 18 Sep 2013 10:06 - 107 of 470

Personnally I am not a Chartist - I do not know of any wealthy Chartist.

I am a Technician I guess -
It could be that assets under management have or will fall.
Could be some broker downgrade more likely
Could be some Exceptional Charge - Like interest rate problems etc
Could be some Investment Trust / Pension fund will / are selling.

I like all Fund Managers in an optimistic market as I believe they tend to rise
faster than their underlying investment products as they are geared and take performance fees etc.
However in a pessimistic market the reverse happens.

I shall probably only hold them for a day / few days - I hope
Good luck

david lucas - 18 Sep 2013 10:09 - 108 of 470

I agree with all that! I like to buy a share with a good yield and plenty of broker support. If the worst happens then sit back and enjoy the dividend. Hopefully you make tomorrow and I shall make next week!

halifax - 18 Sep 2013 10:57 - 109 of 470

RBC outperform TP 495P!

rekirkham - 18 Sep 2013 11:13 - 110 of 470

Who is RBC - when was that broker report issued please ?

skinny - 18 Sep 2013 11:16 - 111 of 470

It from the 16th - here are the most recent :-

16 Sep 13 Aberdeen Asset... RBC Capital Markets Outperform 361.70 - - Reiterates

03 Sep 13 Aberdeen Asset... RBC Capital Markets Outperform 361.70 495.00 - Reiterates

02 Sep 13 Aberdeen Asset... Numis Buy 361.70 480.00 480.00 Reiterates

halifax - 18 Sep 2013 11:24 - 112 of 470

rek RBC Royal Bank of Canada founded 1901 in Halifax, Nova Scotia, Canada's largest bank.

rekirkham - 18 Sep 2013 11:28 - 113 of 470

Thank you Halifax - I thought they were out of UK.
Did not know they are American - I have learnt something today

Regards Bob - Benidorm ( Cloudy here today but still warm )

skinny - 18 Sep 2013 11:29 - 114 of 470

Midland bank were the biggest bank in world in the 1st part of the 20th century - it doesn't mean a lot!

rekirkham - 18 Sep 2013 11:36 - 115 of 470

Which is the biggest bank in the world now -
is it Wells Fargo or something called Commercial bank of China ?

p.s. How much do I owe you and Halifax for this trader information ?
- am I supposed to pay a subscription by standing order ?

halifax - 18 Sep 2013 11:47 - 116 of 470

skin but Midland was taken over by HSBC the biggest UK bank.

Chris Carson - 18 Sep 2013 11:54 - 117 of 470

Chart.aspx?Provider=EODIntra&Code=ADN&Si

5 year chart solid uptrend, took a hit when Bernankie announced tapering and some concern re over exposure to emerging markets (complete bollox imvho). Had an excellant run this year and if history is repeated finishes stronger each year.

skinny - 18 Sep 2013 11:54 - 118 of 470

I used to work for Midland in the 1970s when all management could do was to harp back to when they were the biggest bank in the world and bemoan their then, current position - as by then they were very much an also ran and were as good as rescued by HSBC in the 1980s.

Stan - 18 Sep 2013 12:01 - 119 of 470

"p.s. How much do I owe you and Halifax for this trader information ?
- am I supposed to pay a subscription by standing order ?"

Forget Skinny in the south RK he's loaded -): however should you still like to donate anything to a poor man in the Frozen north (well Shropshire actually) then that would be gratefully received by yours truly -):

skinny - 18 Sep 2013 12:03 - 120 of 470

Oi - I don't get loaded that often these days, but I am going to a micro pub at the weekend - so you never know. :-)

Stan - 18 Sep 2013 12:16 - 121 of 470

Nice one, have a couple on me.. or better still RK -):

rekirkham - 18 Sep 2013 12:52 - 122 of 470

Sorry guys - looks like ADN is not recovering as fast as I thought.
looks like all the drinks will be on Stan today

Stan - 18 Sep 2013 13:08 - 123 of 470

Sorry RK I'm temporarily tee-total so never go near pubs... As from about 2 minutes ago that is -):

david lucas - 19 Sep 2013 08:22 - 124 of 470

Closed at 394.5 so a good trade for me!

rekirkham - 19 Sep 2013 08:31 - 125 of 470

Closed at 393.10 on 15,000 shares - nice profit over 24 hours.
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