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Karv1, I am with your thinking, they were quite happy to only of been hit by about 130 million in Covid related claims, most of their policys did not cover pandemic cover, only seems that broker sold ones seemed to catch them off guard by the way the some brokers wrote the policy out using their discretion on cover and wording, but to me its a question of trading up where I can to add to my long term hold position, who doesn't want a 10%+ income stream for life? most pensions payout less than half of that when policys are bought, I dont see Aviva going anywhere for ever due to size and brand awareness, I just wish they would open up to the SIPP and ISA areas for people doing their own ting, they are missing I feel massive market opportunity there from people like myself and younger people who are hands on, my ISA and SIPP are with AJ Bell, I would much rather have it at Aviva, they are older and larger, but not an option, my family's are all with HSBC, they also would move to Aviva if an option, they went there from HL, Aviva need to reconsider my proposal lol.
DC, in fact it looks like Aviva have been day trading in some of these or got cold feet very quickly take Cairn, on the 26th they went up, then on the 27th and 28th they seemed to sell? Cineworld the same, on 20th they went up in shares from 5.08 to 5.31% and then on the 21st they drop from 5.31 to 5.15% seems odd? perhaps you have more insight than me but it does look strange.
DC, I see actually you are probably right on the way round, I find the form seems oddly written, but these re not purchases, they are sell, if you look at the previous holding they are all higher than the current after notification, if you take The PRS REIT Plc for example, they had a 8.92% position on previous notification and then 7.87% resulting in situation on date, so these are drops in shares, so Aviva must of sold some, that seems to be the case in each RMS
I have just returned from a short trip by local roads and M40 Motorway to deliver some food and there has been a step-change in quantity of traffic - even in so traffic-queues which have not been around for months. Things are getting back to more normal faster than you might expect.
My understanding is that the Bod have linked future bonuses to the restoration of the dividend so it would be in their own interest to so ASAP!
I would imagine that this is once in a generation pulling the dividend completely unless the virus takes a turn for the worst.
The profits at the end of the day have to go somewhere either they pay down the debt or return it to shareholders either way in the very long term we win.
Dc it is only a matter of time before this hits £3 to £4 there no guarantees but I would say I am fairly confident that this share will be £3+ within a year and could even happen within weeks if the right news comes out.
This is why I keep coming back my reasons are 2 fold the expected/hoping for dividend and a possible huge rise in SP that could happen.
I meant the guarantee that they will pay it
Yes but what is the guarantee the next time they declare a dividend whenever that maybe they could pull it again
My gamble is on the hope of the old dividend rate and to increase my position in shares for when and if it returns back to 31p.
It might be next year or it might take a few years.
Where else are you going to find a 12.3% payout at current SP, even if the profit were to drop by 50% this would still cover
the dividend and if the dividend got dropped down to around 15p it would come back up to 31p again over 1 to 5 years this would still be amazing in the long term.
Do not forget the 1st quarter of 2020 looked fairly good.
The BOD agreed to stop the dividends hiding behind the government advice having been made to look weak and scared and lack faith in there own company compared by other big insurance companies, that mental scare is not going to go away fast.
One could argue they might do a huge special in the 4 quarter or raise it for next year to save face and show they were right in keeping capital back until the situation was well known and understood.
Now the impact to the company is known we can return payouts to shareholders, a sensible way through the crisis they might say.
My view on the search for a vaccine is the odds are about ninety per cent a vaccine will be found or multiple vaccines within a 12 to 15 month timeframe as there are so many companies involved in the search for a vaccine that they cannot all fail surely.until then we will have to learn to live with it you cannot keep on subsidising the wages of millions of workers forever despite all the best efforts of unions bleeding heart liberals workshy and fraudsters who want this great paid holiday to continue indefinitely
Unluckyaviva I am sure I am right about Aviva investment arm buying stakes in companies you cannot expect cash strapped companies like Cineworld cairn energy Melrose industries northgate having stakes In Aviva but thanks for your the update on your input into the agm my only worry is will they have any money to distribute as dividends when all the losses for covid are taken into account
"fedfade you fire off a ridiculous price of 160 and expect to be taken serious. I think not. Cash might be king but earns nothing , i am in here today at 248.3p . am i stressed, na."
Last time I heard a "ridiculous" price target was this time in 2008!
fedfade you fire off a ridiculous price of 160 and expect to be taken serious. I think not. Cash might be king but earns nothing , i am in here today at 248.3p . am i stressed, na.
@comeonvog the market is supposed to be made of opposing views, right? One doesn't necessarily need to be short in order to have a bearish viewpoint. I genuinely don't see the business logic in buying back shares. That is made even more apparent when they haven't allocated a specific sum. In my book, simply a trick to deter "shorting", but it won't help. Cash is king moving forward.
fedfade ahhh over exposed is it . So i would assume you are short. lol
@comeonvog looks like I touched a nerve there. It's OK your reaction is typical of those who are overexposed in a particular risky asset. Good luck with your gamble.
DC, they did read and answer our questions, both of mine were read out, although he gave a long rubbish answer to my question about why they dont do share dealing and SIPP/ISA self investing like AJ Bell or HL to capture the self run market, but he did say they were looking at new product options, sadly he leant though in the direction they prefer to manage choices rather than allowing customers.
I would add its good for Aviva when the moving on happens, it will remove the unknown and they will I am sure write Covid out of their life policy if it remains rampant but normal.
comeonvg, yes that's the point, we always adapt, hence we will just get on with stuff and will forget the daily briefings and deaths, they will blend into normality, we dont have daily flu deaths reported or anything else, I dont know how old you are but when HIV/AIDs was first discovered to be what was killing people they were obsessed with that for ages, like with the differing vaccine reports we get daily now the HIV vaccine was also reported on in a similar way, it was often on TV that a prostitute in Africa was found who had slept with hundreds of infected and had natural immunity, she would be the magic bullet for vaccine, then a prostitute in Russia would lead to a cure etc, here we are decades later, no cure or vaccine, but the society just moved on.
Give it another 3 months and medics will understand how to deal with COVID patients. The tide is/has started to turn as can be seen through the science.
society will adapt , that's what the human race does.
Unluckaviva The whole point is we are learning how to treat people who have contracted this virus. That in itself will enable society to deal with future pandemics.
DC "They are not institutional investors the rns you see are the Aviva investment arm using there funds to buy stakes in companies they should be buying back their own shares at these low prices"
Surely that's not right???? those RMS were others selling part of their stakes IN Aviva? its a notice they have reduced voting rights?
fedfade What a load of old sh@t , think you need to have a lie down son.
Sadly I dont think there will ever be a vaccine, I think that they have never succeeded ever in a successful one for any corona virus, the last serious science I saw on this was that the virus stays and multiplies in the mucus of the nose, vaccines sit in the blood, then once the virus is established and sufficient it them attacks the body and overwhelms the defenses, this mucus problem is the hard bit, the same scientist also pointed out that the vaccine was never a part of this, the science message was to "flatten the curve" to not overwhelm the NHS, somehow this message as been perverted into "we need a vaccine" I think that's reality is that this will be a long drawn out exposure, at some point everyone will of caught it, then the population will cycle through life with being reinfected like the cold or flu, but we will get used to it and it will become normal, many people are already ignoring advice and are just bored of the whole thing, I think sadly the vulnerable and old have a long long time in shielding, annoyingly that includes my builder in middle of my bathroom renovation!