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.
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