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As I type, its a nice 1.7% lift to the SP.
Slow and steady would do just fine.
Micky1971,
Its just an announcement that the 8 3/4% Cumulative Irredeemable Preference shares of £1 will be getting the half yearly dividend of 4.375% on the 31st of December.
So are we now finally beginning to move away from consolidated linear channels?
What’s the RNS Divi amount that has just dropped??
? a little bit of buying from some
in anticipation of next week’s results?
Hello,what's going on here then?
The Chairman seems to be optimistic. After all, he invested a fair old whack recently at 424p and must have a much better handle on prospects than us ordinary investors. I'm confident Cevian are no mugs either and certainly have done their homework. I reckon once the buyback is complete we're likely to benefit from sudden good convenient news and a sharp increase in the SP.
Hope the optimism is well placed on AV. However, I am starting to feel that its accepted price is 395-405p range. I had hoped that there would be an ability to hold the 420p level but we all know what hope does when you're in shares. Whilst AV has returned to a decent divi payer, I had hoped for SP growth but as soon as 415p+ is attained it falls back into the above range and the title of this thread is well placed.
hope you're right
But to my knowledge they are only prevented from buying at the end of a financial reporting period and before the results are made public
If the BoD is discussing return of capital or a special div they won't be allowed to buy...
Hope you are right MrG but I don't see a lot of Director buying going on
Took a chance and picked up a chunk at today's lows. I'm a believer even if it might be a little while before I spend the returns.
Katenip
Yeah 3rd quarter trading update on the 11th
Is the interim statement still due 11 Nov?
Aviva’s sp has been in quite a tight trading range for months before the share buy back was even mentioned.The share buy back is only for 5% of the shares in total so isn’t going to make a huge difference on a daily basis. Aviva has been out of favour for a longtime but I am holding in the hope that will change over the coming months. The special Divi may drive the sp forward when it’s announced and move us away from the £4 territory. People tend to forget about the last share buyback that was concluded in the £5’s…many moons ago…
Probably a silly question, but how do they "keep the lid on".
Can't understand why demand isn't driving the price upwards with the promise of excess capital being released and 2m shares being taken off the market every day?
Risk of repeating but they are doing exactly as they should keeping the lid on and buying in as low as possible. Also purchasing far less on the days when the SP is at the top end.
2022 onwards will be far more interesting.
Aviva are playing a very clever game. Keep the hype low, whislt buying back shares
Annual dividend set to grow as number of shares is reduced, potential 65p+ dividend in 2022 makes this a great share for the pension pot or for long term holders looking for safe income rather than large growth
this is a div share so it won't go up really as they pay out the divs, but you get your 6%
Any upwards movement would be appreciated :-)
Even a return to 426p where it was two months ago would be nice.
I think we can give too much credence to the share buy back. This has been in the 400p trading range since April, with the odd blip. The buy back is only for 5% and only started in August.
long. patient.
quite possibly
wrong. (lol.)
I can't see much upward movement here while Citigroup are tasked with buying £750 million shares over the coming months.
Obviously the intention is to buy as cheaply as possible. I imagine any development which might increase the SP will be avoided where possible.
Of course after they accomplish the project any news should be positive. Personally I'm doing some trading in the interim rather than sitting back twiddling my thumbs.