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After buybacks are announced which is supposed to support the share price Aviva has underperformed L&G.
Never liked buy backs I favour cash much more.
Am I missing something?
Presumably the intention is to buy back shares without driving up the price which would be self harm.
It's what they do after aquiring the stock which will move the SP. Then compare AV. With it's peers.
This pile of steaming back under 4 and the ftse the same price as Oct 1999, omfg, what a pitiful sxxthole the U.K. is, cant even put food on supermarket shelves anymore and the indexes a world investment joke.
Thanks for the update Porsche. In with another £25K. Happy to keep buying & selling. These'll be gone @ £4.07, or will take another £25K @ £3.90 & lower. I'm easy either way.
Keep up the good work. I wouldn't know where to find the price without your kind input.
I didn't support Brexit but stood up for their right to do that. The UK's stocks have been damaged heavily as a result of this and many other things! Can see Aviva's share price go below £3 again. Only This time I am not buying back into UK stocks... waste of time.
Have to agree NN. One person's gripe is another's opportunity. Like you I will be having a few more.
Think on pork you could reclaim some of your losses lol.
Just bought another chunk. Today's buy backs won't cost the Company as much as Friday.
Interesting times and dull it isn't. Pity our mate Nuri has become such a grump ;-)
Like you just bought a bunch - £4.15 nav says it all for me
Nuri, I hope you are wrong as I just bought a stash for 3.90801. Falling knife? Maybe..
Its external factors that effecting the price, look at whats going on, inflation, China, miners are taking a hammering , energy prices all effecting the FTSE. Aviva as a company is sound, good profits and hopefully a good div in return. This is a small blip if your a long term holder, but love it when the crystal ball mob turn up..
Cheaper shares for the buybacks. If you're a long term holder you should be happy the sp is down. Hopefully it's still under 4 quid on the 7th for divi reinvest
I can only assume Porsche doesn't hold any Av shares?!? If UK stocks are that rubbish and the US stocks are clearly superior then surely any held position in Av would have been sold up ages ago to buy US stocks.
This being the case, why does Porsche visit this particular forum to tell us all what a poor investment we have etc? I don't hear from him/her on BP/RDSB etc.
Many AV. holders have been in the stock for years, like me. Last year I dumped the lot and used Covid volatility to recoup my losses. Now I am a holder again because on paper it's a no-brainer. If AV. can't make a go of it from where they are today then we'll know there's something very fishy about the company.
Similar situation a holder back to Norwich Union days.
Sold but kept my core amount. Got back in then sold most on recent highs. Almost back to original holding with recent purchases.
Porsche again he is going around all big share forums spouting the same nonsense like a broken record
Well, 6225 of the 6378 shares Mrs Nelly purchased on Monday afternoon sold to recoup the full outlay.
2.5% profit in a day and a half, added to our long term holding, with hopefully something similar to come soon when I offload the ones bought Monday morning.
And Porsche tells us to throw our money at overpriced US markets.
This continues to work for me.
Recouped my Monday morning outlay this morning 4.094 this morning for a similar profit to yesterday, so an extra 304 shares in our long term portfolios for no cost. Shame I didn't play LGEN instead. Would have done even better there.
Hopefully heading back below £4 again & off we go again :) I love this "dead, joke of a Market". How have you done this week Porsche?
i am not a fan of porsche’s tedious posts knocking UK markets in general,
which seldom add anything imv to discussion of AV more specifically.
but just in the interests of some balance, thought i’d post this link from
sunday times today which does touches on porsche’s overall position:
https://www.thetimes.co.uk/article/red-tape-is-choking-the-ftse-bosses-warn-hhtrksp68?shareToken=a38365641caad47805f6e622585a7328
But if buybacks are effective all points below noted why are we underperforming L&G which has no buy backs???
Since the start of the year LGEN is up 8%
AV. is up 24%
It all depends over what time scale you select.
Buybacks are doing exactly what they are supposed to do, reduce the share count.
The lower price they can buyback shares the better IMV.
Still at 4 quid, doing worse now than under Andy Briggs. Utterly hopeless. Nothing moves this steaming pile of sxxt. No growth, share price has halved in 11 years and another dividend only capital destructive stock. Buy US growth, in the time this has gone from 8.50 a share to 4 Amazon has 7xd. It’s why ftse 100 is dog index of the world, that and the fact brexit is an epic fail and the country is now a high tax low productivity political basket case. Buy elsewhere.
I think you may have mentioned it before, move on. Sell the Aviva shares you've £6.50p and buy some more Amazon shares. Find a chat board for Amazon and give them the benefit of your incredible wisdom.
I am willing to be corrected, but I don’t think Andy Briggs was ever Chief Exec at AV. He was boss at Friends Prov/Resolution. He was passed over for the top job when Mr Wilson was forced out. He landed Chief Execs job at Phoenix Group.
Hes been told before, but he ain't too bright.