just had a letter from Aviva saying the Scrip Divi. Scheme has been suspended and from now on I will receive cash from now on. I will get the final shares divi. in March, but they have sent me a cheque for the residue. I am now the owner of a cheque for the grand total of 15p, unbelievable.
Well done with the mortgage J53, a good feeling, I bet, to have one of those monthly payments out of the way. Worth all the hard work to own the mansion outright. Now to use the money as you wish - to enjoy etc. Lets hope for good luck with your share portfolio as well. AV not responding to much either way but will not go belly up. Must be a reasonable buy at these levels?
In fact at current SP with a 9.8p Final Dividend plus a guestimated 6p Interim Dividend come August the annual return for 2013 works out to around 5.3%. I'd say that makes an SP of 298p absolutely spot on.
Last year it was like a car with a broken engine.The new ones fitted,potential buyers would want to see it running smoothly first. Wouldnt have thought anyone would be looking for another 18 months at least.,its still work in progress.
Surely any takeover would have been prompted last May when shares were at 255p and yield was clearly unstainable. This is so far away from a takeover target its laughable. Av is a good dull company, always pays a large divy to hold up share price, buy on general market weakness, imho the price is way to high with current divy cuts.
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