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Just to give a historic perespective for people considering being long term holders: in the late 1980s when the ftse was around 2000 the SP of Aviva (then known as Commercial Union) was around £8. Now, the ftse is just under 6000 and the Aviva SP is around £2.30. A succession of world class (??) senior management teams have been paid world class salaries and world class bonuses to steer the company onward and upward. Their successive annual reports have proclaimed how successful they have been under whatever prevailing climate, whilst promising that their sometimes expansion and sometimes consolidation strategies are going to lead to even better results in the years to come. The dividend has been slashed a few times along the route, but this has always been to protect investor's best long terrm interests.
When your expectations of Aviva's performance come down to earth it's easier to remain calm, even if you do remain perplexed. So yes, let's all remain calm, trust that the people whose remuneration we have voted for will protect our investments, and look forward to the jam tomorrow.
Thanks, I try to be realistic, I did my research, I see most brokers rate this well above the £350, even the couple done since outbreak were £3.80 and £3.70 I think, closing up shop was worth £4.30-£4.80 a share in assets, so I felt safe and still do, its still nice to moan though on the slides.
My analysis is still that most people dying are drawing pensions most likely, so that's a saving to Aviva, those with underlying health issue that severe probably never had life insurance with Aviva, most likely on of the ask no questions companies, most middleclass people are still working and earning, they are the main Aviva demographic, so they are still insuring the car and the house and their life, so all premiums are pretty much still being paid, cars are driving less, so less insurance claims due to accidents, people are at home, so less cars and less burglaries, so again less claims, even with government asking for insurance companies to return some money and switch policies, this is still ok as the change of cover will reduce future claims and they will maintain profit margin in new policy written, even refunds will be limited to the excess profit, not the underlying profit, only the insurance companies like Lloyd's who underwrite business interruption insurance I thin will suffer badly, as far as I know I dont think Aviva have ever done those. so it should all be positive in the wash.
falklandinvestor, that was exactly what I was saying. People here just want to make a few bob and leave. Those kind of FTSE100 shares will recover. Just be patient. Be distracted by looking at your others investments. In my portofolio, I have 10 shares and only the HSBC FTSE tracking fund is up 2%. The rest of them are in red. I am not worry at all. Remember, the money is not in the selling. The money is in the research and the patience. God bless you all
But the BOD? did not cut the dividend, it was TERMINATED! They meekly kow-towed to a government quango after boasting how resilient and robust the company is, and giving every indication to shareholders that the announced dividend would be honoured! No wonder the shares are being boycotted by many institutional investors. Aviva's reputation and image is now irreparably damaged, at least for the duration of this corporately naive CEO that we are lumbered with.
Its human nature, we like to moan, its a healthy vent of disappointment, we all hate to see that our money could of been working better elsewhere, it reminds us that we made a bad choice, and unless we want to lock in those loses then we are stuck for a while a least. Men dont like to admit our mistakes, even if temporary, this is only annoying because even the brokers have this pegged much higher and other companies have shot above broker ratings for no real visual reason, that is happening whilst this is being left behind, money is pouring into all the wrong place.
Hmmm, yes I thought buying at £2.51 was a no brainer, now I am £6700 worse off!
I wrote my questions to the board for the AGM, they are accepting questions in advance, I have asked them to resign if they are going to let government make their business choices and asked them explain why they cut dividend when others kept their nerve and are paying it.
If you submit your questions then they just get you to confirm you are a share holder to get your question entered., its easy.
No need to wait till the end of the day it is going to be a dissapointing day many days this has fallen over 10pence in a single day sometimes over 20pence in a single day for long term holders this has been a massive blow on capital of course for Johnny come latelys it has presented opportunities but I suspect a lot of Johnny come latelys buying at the three pound level and even 270p have had their fingers burnt
Gents, why not wait until the end of the trading day to assess the share's performance?!?
Bleating about it being down after 45 mins of trading may be a little premature (as I type HL has AV. up 1.61%).
I acknowledge it could go down further, or of course, it may finish up.
Yes very dissapointing performance today after a promising start how many times have I said that before likely to end up flat on the day expect an update from the company next week not sure if it will stop the rot
Would you believe it. Footsie up, LGEN up, Aviva down. No sound from bod. What are they doing? Burying their head in the sand?
The only thing I hear over here is saying people complaining about how bad the stock is. Blah Blah Blah. Listen pals, this is Aviva, they have a total asset of more than £500 billion and annual revenue just above £35 billion. Even if those town go down by 50%, the market will correct itself and this will go back up. I can guaranty you that in 3 years, the Share price will be above 400p. So please, do not complain about how low the SP is. Just put your money and then let the stock market do it stuff. Remember, you still got your full invested money if you have not sold.