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The FTSE 250 is full of undervalued gems, and insurer and wealth manager aberdeen (LSE: ABDN) might just be one of them. After a rough few years, its share price has jumped 12% in a month. Yet despite the recent rally, it still offers a blistering dividend yield of more than 10%.
Aberdeen has famously taken a battering since the £11bn merger of Standard Life and Aberdeen Asset Management in 2017. The deal was supposed to create a powerhouse in fund management, instead it created an engine of wealth destruction.
Can aberdeen shares fully recover?
Around 100 overlapping funds were culled, while Lloyds yanked £25bn of its mandate and the vowel-crushing 2021 rebrand to ‘abrdn’ became a meme for all the wrong reasons.
I love a good recovery play and as the market-cap slipped below £3bn in August 2024 I declared the sell-off overdone. It’s since slumped below £2.5bn.
The…
