According to the 2014 Annual Report: total profit in 2013= £2.151 billion, total profit in 2014= £1.738 billion. That's a 20% reduction in my book. Look at the dividend history: 30p in 2006/7 Cut in 2009/10, cut again in 2012/13, cut again in 2013/14. Maybe a 15% increase in 2015, but still only 19p. Look at the share price history: £8 in 2006, today halved to £4. Compare that with Prudential and Admiral - doubled in that time, Legal & General and Standard Life - +50%.
The professional investing community can see through the hype and hence the SP performance.
For this, a CEO a pay packet 15 times that of the British Prime Minister. And coming out of shareholders funds. The reality is corporate shareholders don't care. Their priority is keeping the gravy train going. If we little guys just shrug it off though we'll continue to get ripped off.
Hottentot, Insurance companies invest alot in the bond markets and it is this that is hitting insurance companies...good rise this morning after Legal and General eased the market with their bond holdings performance. However that was sold into in view of uncertainty over what Janet Yellen is going to say tomorrow....no one seems that confidence anyone is in charge and the financial system looks a little lost at the moment....happy days !!
Yep , dunno about Black Friday but Bear Monday sounds more appropriate today !!--- Not many blue tickers on the screens atm. !!--- I'm playing the Dax & Dow atm ---- everything will give a bounce in the next session or two but today may be a right off unless you're hedge short on everything (lol) --
GL sir ---- i'm told the Fundamentals of Aviva are still pretty sound but you would not t believe it looking at the SP today !!!---
I guess this year we can look forward to another 325 pages of impenetrable goulash telling us how Mark Wilson deserves yet another £2.6 million annual pay packet for overseeing the destruction of 20% shareholder value. It's time directors shared a bit of any pain shareholders feel. For starters not a penny in bonus should be paid to any executive until there is a year on year increase in share price and an absolute minimum of RPI increase in dividend.
Dear shareholders, you've just got to stop believing the propaganda these guys are feeding you that they are worth anything like the money they are being paid.
The bottom will come once the stock market stabilises as AVIVA earns profits from the investment of customer premiums in the market ... I dont think 440p is particularly cheap, 510p was definitely expensive .... These are generally priced about NAV value ...
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