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how are those who jumped ship to DLG doing?
The VWAP high of the day was at the end of the day and the closing balancing trade was just a tad above that, which was a very satisfactory outcome. Plenty of dry powder to buy into any over-reaction to the downward pressure of the ex-div event.
Looks like lots of sells ,taking profit rather than the divi, makes sense really as the company have made a fair amount of profit through the pandemic whilst denouncing Divi, so no loyalty here with shareholders unlike legal and gen who didnt .
6p will do me for the moment. There's more where that came from. Just a question of waiting.
Yes and if everyone sold on the highs and bought on the lows we would all be millionaires or would we as there would then be no market. You get my point though.,
It’s a market .... anything that gaps up has a strong likelihood of being sold into in these times .... so you could have sold at 303 and bought back at 290 ;)
The Divi looks rather poxy , probably only worth getting back in after going ex when sp goes back down..
Karv1, couldn't agree more. Have got no beef with them 'Kindly' donating shareholders cash to charity on our behalf either. They need to get the priorities in order first though. When a dividend is declared, it has to be honoured. After all, this is a PLC that belongs to the shareholders and is not a charity.
Hi ya bubbles59 you do get the impression that the people running these companies just don,t give a bleep about the shareholders unless you are a big player. I recall A while back when the CEO took questions after questions on the dividends and they were batted away as if they were a nuisance for the CEO/CHAIRMAN.
Then someone asked a question about green waste or pollution from the offices which lead to an exciting in-depth answer which lasted for around 20 mins from the CEO, with most shareholders that had been bleeding money really did,t give a flying monkeys about.
I have got nothing against being green by the way it was just not the right time for it in my view with more urgent items needing addressing .
Many of you get taken to the cleaners because greed allows you to be taken to the cleaners ... rinse and repeat, and the more you bleat the easier it is.
Karv1, careful! You might be accused of moaning on here. It is obvious to most though that the shareholders are disrespected here and chronically messed around.
One word answer Dividend.
Lgen is up almost 6% since results and aviva is back within 1p of results day opening price. Weren't the aviva results a lot better than lgen ?
Just wish their Underwriting was as inventive as their Long Term Incentive Plan award structure. With part of the CEO’s brief to achieve a “ relative Total Shareholder Return against a comparator group ....over the next 3 years “ , that seems like a no brainer !
If the company sells assets in Asia then I'd hope it can use the proceeds to deal with debt.
Whilst it's becoming a trend to reduce or stop dividends I believe Aviva's action was entirely due to compliance with political influence rather than a properly considered management decision.
The new management might prove to have more backbone.
There is very good logic to that idea if shareholders' views did,t exist it would make the company run with bigger profits and fewer debts. but that is a long term view say paying out then say 10p 12p 14p 16p ect
v people like dividendchasser and many others that invested at 450 to 500+ for a 6% return when it was covered nearly 2 times.
Suddenly share price crashes in half that dividend is now 10%+ for the board then to say we need to rethink the amount we pay out in so many words 10% is too high even tho it still covered by nearly 2x
version 1 The 10% div is reinstated and might grow over 5 years would have made 50%+ back and maybe share price would have gone up even back to where it use to be.
version 2 The 2 to 3% payout +growth per year and with less debt maybe 20% return over 5 years, the share price has gone up some. in 10 to 30 years healthier company with more profits.
Many shareholders would pick version 1 i think even the big investors would as well to hit there bonus.
It strikes me that lower ongoing dividend yields in the short term could actually be good for the share price, because if less of an unsustainable dividend is being "frittered away" on shareholders with unrealistic expectations, the likelihood of being able to rotate some of the debt into lower interest debt increases, making for better long term profitability and hence higher share prices without then further sacrificing the already re-based dividend yield. Paradoxical or what?
Nasdaq Valuations Say You’ll Be Stuck at Home for a Long Time:
"While not quite accepted wisdom, it’s a view coalescing in the minds of certain market watchers -- that even if the virus is defeated, the behaviors it has engendered will live on. The idea gets tossed around after weeks like this, in which the tech gauge jumped more than 2% and its price-earnings ratio topped 36 for the first time since 2004.
Rich Weiss, chief investment officer of multi-asset strategies at American Century Investments. “The digital transformation initiatives have just rocketed us into the future, and that’s going to be the way of the future. So those companies’ valuations may be very justified.”
My stock includes robotics (5G and hardware), green energy, pharma, and soap. Unfortunately I have some fossil fuel too but not at peak prices! It's reported that the Sage jumped out of aviation while there was still altitude..
It's not normal for there to be a 'normal', something always happens to get in the way.
I think 3% is sustainable and likely here. The dividend is really the only reason to hold here, and management know that. I think next year that may look very attractive, as dividends elsewhere continue to be shed. Meanwhile here is a link to an assessment of the true value. Seems quite positive:
I stand by my statement. You guys have totally unrealistic dividend expectations (for this and certainly for banks) going forward. These days anything that is A rated at more than 2-3% yield is a pipe-dream.
We will see who is right, and I,m not just talking about Aviva - this is how the whole of FTSE will go.
874 million after tax if I have read correctly. Say 1.7 billion. If x by 2 for a year In a pandemic situation ,profits holding up well , why would you expect 220 to 330 million ie 2 to 3% to be payed out , other insurance companies. With far worst results are keeping there dividends..
At least 50% should be returning to share holders if not more .
It not like they are struggling or that the profits do not cover the pay out that would be different situation completely. My 2 pence worth.
You guys have totally unrealistic dividend expectations (for this and certainly for banks) going forward. These days anything that is A rated at more than 2-3% yield is a pipe-dream.
I sold AV late Thursday and went into BARC yesterday I have been playing between the 2.
I was hoping for 29 to 31p reinstatement of dividends or the commitment to return to the old rate in 2021.
The 6p dividend was a double edge sword for me great that they resumed it but cutting it was bad and could be the start of a far lower payout.
we have decided to take the opportunity to review our longer term dividend policy, in light of our strategic priorities and the future shape of the group,
with the objective of a sustainable pay-out and lower leverage. We will update shareholders on all dividend matters, including the 2019 final
dividend in the fourth quarter.
I thought it was already sustainable.
I did,t like this part sustainable pay-out.
if there was any reassurance that the dividend would return at old rate in 2021 even with no dividends in 2020 with final decision to be made in the 4th quarter I think I would have never sold again.
Agree with you oxygen, but we are “armchair CEOs” and negative to some on this board.
The problem remains what is Aviva’s USP and are they any good at it?
I suspect that there is significant room to raise the UK profitability, but Aviva is already big so growth may not be in market share. Insurance business has been driven by price....Covid has shown the gulf In expectations between those providing and those buying insurance, there is opportunity for higher priced more comprehensive policies at better margins, but mass market Aviva may not have the reputation to deliver on this.
Life assurance, Aviva is big but not as good as LGEN, asset management has not been a strength for some time. Annuities and Mortgages are also price sensitive and bring more rather than less risk to the balance sheet.
That said, I do think the company is too lowly valued and is worth much more. We will wait and see what “operated for shareholder value” means. I thought that was a core competency of any group.
In as much that the new CEO doesn’t seem to have a dynamic new plan, more a case of focusing on the home markets plus Canada and likely selling off territories they are not capable of transforming. Does she not realise where the real global growth is ? . Always easier to shrink a Company than grow one. No doubt the next CEO ,in a few years time, will have a different plan.