Market's view on Abrdn Property
Published on April 2024
- Stock watchers sold a few of their shares at a price of 53.1p, amounting to roughly 8% of their portfolio, but expressed interest in buying back in at a lower price.
- Some stock watchers believe that the charts for the company are looking promising, with one watcher stating that if the share price reaches 56p then the sky’s the limit.
- There’s optimism around the company’s shares taking up an ever greater percentage of portfolios, with predictions of the share price reaching 55p at some point.
- The last purchase by a stock watcher at around 47p was seen as profitable. There’s hope that this was the low point and that those not willing to wait for medium term gains have exited.
- There are concerns about the lack of communication from the company, with watchers eager for updates.
- Some stock watchers are predicting a continuation of the rise in investment trusts like the company, as they believe the excessive discounts that have been ongoing for the last 6-9 months are starting to decrease.
- Questions were raised about recent significant disposals by WM Mattioli Woods, with some watchers questioning whether they were dissatisfied with the result of a merger vote.
- There’s hope among the stock watchers for a successful wind-down vote, which they believe will lead to a share price of around 55p and a good 2-year return.
- Stock watchers are keen for the company to start buying back shares once the cash is available.
- There’s a belief that the management of the company has always bought high-quality assets and that these assets should now sell well.
- There’s uncertainty around whether the disposal of shares by the company’s deputy holds any significance.