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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Aviva Share Chat (AV.)



Share Price: 528.50Bid: 528.50Ask: 529.50Change: 0.00 (0.00%)No Movement on Aviva
Spread: 1.00Spread as %: 0.19%Open: 527.50High: 530.00Low: 522.50Yesterday’s Close: 528.50


Share Discussion for Aviva


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Spikeyj
Posts: 17,909
Off Topic
Opinion:No Opinion
Price:528.00
RE: Stuck..
Fri 16:35
528, below
your range?
 
shatter
Posts: 6,028
Off Topic
Opinion:No Opinion
Price:536.00
Stuck..
Mon 00:32
Would like to see Aviva moving out of the 530-540 trading range before the Brexit talks begin...wishful thinking perhaps ?
shatter
Posts: 6,028
Off Topic
Opinion:No Opinion
Price:531.50
Not too bad...
9 Jun '17
A fair finish to the week considering the political situation.
Spikeyj
Posts: 17,909
Off Topic
Opinion:No Opinion
Price:524.00
RE: Gino73
8 Jun '17
thanks, helpful.
shatter
Posts: 6,028
Off Topic
Opinion:No Opinion
Price:524.00
Gino73
8 Jun '17
Shares kept in treasury are effectively cancelled in relation to dividends and voting rights but can always be reinstated as bonus's or to give the company owners or major shareholders a tranch of shares they can reinstate in the event of a hostile bid or as a possible source of funding....basically hedging their bets. They are not and will not be included in any sp calculations.
Aviva is simply cancelling their shares completely so over the coming months the 300 million shares will disappear . This is a relatively small amount so we will see little benefit in the sp. If Aviva cancelled 10% of their shares overnight we would or should see a corresponding rise.
Gino73
Posts: 258
Off Topic
Opinion:No Opinion
Price:524.00
RE: Buy back/Cancellation
7 Jun '17
Like yourself I'm puzzled. See previous posts regarding a share buyback and cancellation and the little effect on SP. The converse is happening at Sports Direct where shares are being substantially bought back but kept in Treasury as opposed to being cancelled. Why has never been explained, but one may speculate that whilst the number or shares in circulation reduces, the NAV per share doesn't change, thus keeping the SP relatively unchanged. Speculate as ye may.
Spikeyj
Posts: 17,909
Off Topic
Opinion:No Opinion
Price:525.50
RE: Buy back/Cancellation.
7 Jun '17
the company cannot reasonably cancel shares that are
held by others without compensation. -- so they have to
buy back shares first, so that they can then cancel those.
company could simply cancel shares already in treasury.)

(i don't really know what would make a company prefer to retain its own
shares in treasure once bought back, as against then cancelling them.
presumably experts on tax/capital structure could explain, if any reading?)
maddmax
Posts: 97
Question
Opinion:No Opinion
Price:525.50
Buy back/Cancellation.
7 Jun '17
Hi,does anyone know the difference between a share buyback and a share cancellation because they are effectively the same thing ie. the shares are no longer available to trade.What dictates when to cancel or when to buy back,just wanted to bring this up as personally I find many inaccuraye comments left on these boards and tend to take it all with a pinch of salt!
Spikeyj
Posts: 17,909
Off Topic
Opinion:No Opinion
Price:529.00
sharecast comment on HL site
5 Jun '17
"... a simplified Aviva under its own new management was a 'strong hold' for Questor in the Sunday Telegraph for its secure 5% dividend yield. Kiwi chief Mark Wilson has turned the insurer into a solid "cash machine", with a plan this year to increase the dividend payout to 50% of operating earnings from the 46% in the year to March. A £300m buyback was also announced.

Alongside the sale of its stake in two Spanish life and pensions joint ventures plus a retail life business for £403m, plus a rumoured £500m disposal of its Friends Provident International life and investments unit and long-running City campaign for it to sell its asset management arm, Wilson is eyeing selective acquisitions and reinvestment as part of his plans to boost earnings. Investment in technology of around £100m a year such as a smartphone app to collate customer policies are an example, while integrating systems will enable the group to do better at cross-selling products but also managing risk."
shatter
Posts: 6,028
Off Topic
Opinion:No Opinion
Price:524.50
ColonelPhik
30 May '17
MPG40 has explained it quite well. Unfortunately 1.5% will make no difference to the average shareholder. It just gets lost in the ether !
If it had been a 10- 20 % buyback and share cancellation as with some smaller companies then you would see a corresponding rise. It does bode well that they are well capitalised and have spare funds..




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