Aberdeen Finals

[idpickering]

Good morning,

Some here may hold these so might prove of interest;

"· Net revenue is down 14% to £1,007.1 million (2015: £1,169.0 million)

· Underlying profit before tax decreased to £352.7 million (2015: £491.6 million)

· Strong year-end net cash position of £548.8 million (2015: £567.7 million)

· Final dividend of 12.0p per share (2015: 12.0p), making 19.5p for the full year (2015: 19.5p)

· AuM £312.1 billion (2015: £283.7 billion)

· Product diversification and cost discipline progress in line with strategy"

And later on;

"Dividend

The Board is recommending a final dividend of 12.0p per share, making a total payment for the year of 19.5p per share, which is unchanged from 2015. The final dividend will be paid on 9 February 2017 to qualifying shareholders on the register at 9 December 2016. "

http://www.investegate.co.uk/aberdeen-a ... 00082358Q/

disc: no position held.

[toofast2live]

Hmmmm, am I alone in thinking this is beginning to look a lot like trouble?

[idpickering]

Hmmmm, am I alone in thinking this is beginning to look a lot like trouble?

If you mean, "If it looks to good to be true, then it's not", at a forward yield of 6.8%, according to digitallook, for such an outfit, I'd say so.

Ian.

[idpickering]

Further to this, here's an item from our previous gaff on this;

How safe are 7% yields at Aberdeen Asset Management plc ...

"Shares of Aberdeen Asset Management (LSE: ADN) rose by 3% this morning, after the fund management firm left its dividend unchanged, and reported sales and profits slightly ahead of expectations.

Like BP (LSE: BP), Aberdeen is one of a handful of popular big cap stocks that currently offers a dividend yield of almost 7%. Both firms are generally seen as reliable dividend stocks, but weak earnings mean that dividend cover is seriously stretched.

Another tough year in 2017 could force Aberdeen and BP to consider a dividend cut. In this article I’ll take a closer look at each firm’s latest figures, and their outlooks for the year"


http://www.fool.co.uk/investing/2016/11 ... lc-bp-plc/

[88V8]

Perhaps one of their Board members is called Micawber.

We hold, or at least my wife does.
Whose idea was that?
Hmmm.

V8

[Arborbridge]

A bit worrying as these are in the WyfHYP - so trouble means losing brownie points.

My theory was that my "Asian bits" would over time do well - but that was before a whole stack of problems which turned the general outlook bad.

Still, these things can reverse, and when they do it is usually without warning. Better to sit tight for the moment.
If the dividend is cut that would be naturally the best time to top up capital-wise, but then we would all moan about the yield being too low