Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Really pleased to hear that. Well done.
Yours truly, (ved)
Hello A/A thanks for updating.... Ps who's holding Ved? Guys just read back last week's post's and in my humble opinion it would appear that a type of madness decended upon this bulletin board. I will put this down to the unusual and rarely seen solar activity. ( yes you have guessed it the sunshine ) lol Hot I haven't traded for a couple of weeks now mainly due to work commitments but also a bit weary of it. Am watching though and Gs I also have my eye on BT for my real P/F ( plus has decent yield.) Hot been studying and reading up on calls and puts and thinking about a ftse 100 put option if the index were to plumit. ...... will continue to read up but big money can be made on options if you get it right . I.might have a dable in the market next week. I am watching Netflix as I think the sell off was overdone. ..... good luck all
1 Ved + 100% 2 Purp + 46% 3 Pmo + 39% 4 Tlw + 28% 5 Eto + 17.5% 6 Rya - 26% 7 Cns - 40% 8 Flyb - 54% 9 Gkp - 68 % Well we have the first bagger in Ved, yippee have a good weekend guys.
Ok --- forgot i posted that one --- as it was just a quick response to the previous poster using ( testing ) 123 . GL ----
123? Your tesco post entitled 123 dated 11th July https://www.youtube.com/watchv=KhxFKwUyGsA
Apache ( The Shadows ) --- Thunderstruck ( Ac/Dc )--- Hotel California ( The Eagles ) --- 123 ??? --- GL ---- bit cooler today , i'm short AHT now after a good run up the last few days .
adopted-I never said it was yours sir!! 123 video- one of the old b&w pop videos yourself or optimus posted a week or so ago
What you on about sir ?? -- Adopted ---- legobrickgirl's post not mine !! -- 123 video ---- not understanding at all ?? Come back please !!! --- GL ----
Adopted-and you call me cryptic sometimes lol.Still got that damn 123 video ringing in my ears.
Adopted lol. A dip!
Now there's a place I've not been too in 35 years. Had adopted in the sea back then on Easter Day. My, how time flies. Soon be dead. Gla
Your name suits you sir in this heat. No trading from me but I still browse.Bt looks cheap to me currently,I would be surprised if it dips much lower than 380p whilst tesco still looks expensive with its high pe ratio forecast for next couple of years(might be a totally different story in 5 years time).
Went to Barmouth yesterday ---- big mistake , TOO DAMN HOT !!!! (lol) --- Blistering heat , phew ---- and a couple of lagers before hitting the beach didn't help matters one little bit !! Not much trading at the moment for me ---- too hot and too tired to bother !!. May go to Bridgnorth tomorrow --- looks like the weather may be a bit more conducive for roaming around behind the good lady while she shops (lol) . Any one else doing much trading etc atm ?? GLA ----
GS, Optimus - thanks for your views and sharing the article on Aviva. I'm going to continue to hold. I've not done much recently, only adding to a small position in POWR and prevaricating on if and when to jump out of GLEN.
Lindsell Train Global Equity had 4.79% of portfolio in Nintendo.LTG up 24% in last 5 months.
Hot cant now get Apache out of my head yes a true master if the link get removed google https://www.youtube.com/watch?v=j1q4-tzMI28 Hotel California - Gabriella Quevedo
thanks for your excellent weekly updates. cant post emotions so i am smacking one hand against another and clapping....... thanks
JDf7 you asked about Aviva the last three posts are taken form IC and the article was dated 21/April 2016 so its not upto date but makes interesting reading all the same. read the third one first My view post Brexit is that insurers fall into the same category as banks, you may well have to wait a long time time for them to tick up Also Av Sp has been in decline for a while >>>>>>>> good news is that no one is shorting it . Investors chronicle view is hold BROKER'S VIEW: For the UK life insurers, we focus on risk exposure to shareholder-backed business assets (largely annuities), rather than total assets which include unit-linked and with-profits funds. The UK life insurers' asset mix is broadly unchanged since the financial crisis: it remains heavily weighted in bonds (government and corporate bonds) to support its annuity and with-profit businesses. L&G has increased its exposure to bonds as a result of increasing its focus on its annuity business, with reduced focus on its active funds. By contrast, Standard Life has reduced its exposure to bonds as a result of the disposal of its Canadian business (mainly annuities) in 2014. Aviva's shareholders' assets are more diversified than its large UK peers, with 28 per cent in 'other'; mainly mortgage loans. Similarly, both Just Retirement and Partnerships' 'other' comprises equity release investments. L&G started to write equity releases from 2015, an alternative investment to bonds to support its annuity book. Note changes in asset mix in Aviva are partly contributed to the sale of its US business and Delta Lloyd, and the acquisition of Friends Life. Prudential and Standard Life's bond portfolios have the highest weighting towards corporate bonds, whereas Aviva, Chesnara and Phoenix have the highest weighting towards lower-risk government bonds. Just Retirement, L&G and Prudential have the highest corporate bonds as a percentage of net asset value compared with other large life peers. This is because both Just Retirement and L&G have a higher business mix towards annuities, and similarly Pru holds a significant amount of corporate bonds for its US and UK annuity business and there is also a limited government bond market in Asia for Pru to invest in corporate bonds. Although Partnership does not disclose its bond holding split, we expect it to be similar to Just Retirement, which holds a significant amount of corporate bonds along with equity-release mortgages to back its annuity book. However, the credit quality has worsened for some insurers. The exception is Prudential US, where its BBB and below corporate bond holdings remain higher than peers, but have reduced since 2008. Analysts at Canaccord Genuity
Aviva has certainly strengthened its balance sheet - it managed to reduce its combined ratio of claims to income by 1.1 percentage points to its best reading in nine years at 94.6 per cent. The integration of Friends Life is also running a year ahead of schedule and cash remitted by its UK life business last year also rose by more than half. Unfortunately, Aviva has the greatest exposure to European currency volatility within the wider sector. As a consequence, £101m was wiped off operating profits across life, general insurance and health in 2015. Trading this year is also expected to be affected by the dilutive effect of the Friends Life acquisition, slowing organic growth to the mid single digits. The shares are trading on just eight times forward earnings, but we do not expect a re-rating in the near term. Hold. IC VIEW: It is important to remember all of the large listed life insurers have a solvency coverage ratio well above 100 per cent. Although we need more information on how cash generation is being calculated by companies to determine the effect of Solvency II capital requirements in future years, it's reasonable to claim that cash generation is going in the right direction across the sector. Overall, life insurance stocks retain good income potential and we remain positive on the sector.
Pensions freedom and annuities Since the introduction of the pension freedom changes in April last year, sales of individual annuities have declined across the sector. For Standard Life, diversification has meant a shift towards asset management via its fund manager, Standard Life Investments. While this has increased the group's exposure to market risk, it has helped to offset the decline in annuities. Yet, even with the rocky market conditions that began during the latter part of last year, Standard Life Investments grew its operating profit by a third, as it has cemented its popularity with institutional investors, including pension scheme managers. For Legal & General, sales of individual annuities fell by 45 per cent last year. However, the group is the best placed of all the life insurers to increase its bulk annuity business, whereby the insurer takes on the liabilities of a defined-benefit pension scheme. Management views this as a less capital-intensive way of growing its returns. Last year, L&G completed the UK's largest medically underwritten bulk annuity contract. However, this has its own challenges, with long lead times to complete deals and lumpy revenue streams as a consequence. However, the pressure is more intense for both Aviva (AV.) and Prudential. The insurers have been marked out as two of the nine "global systemically important insurers", according to the International Association of Insurance Supervisors. This means that from 2019 they are expected to have higher capacity to absorb losses than other insurers. This explains Aviva's sector-beating Solvency II coverage ratio of 180 per cent. The group was helped by its acquisition of Friends Life last year, which it expects to boost the cash remitted by the UK life business by around £1bn over the next three years. Favourites As expected, Standard Life's UK individual business is shrinking following the government's regulatory changes. However, it has built a strong position in the UK workplace savings segment, helped by strong inflows into its wrap platform and rising auto-enrolment contributions. Indeed, UK pensions and savings assets under management increased to £132bn last year (from £128bn in 2014). However, the jewel in its crown is still the asset management business. Not only is this diversifying risk, but it is offsetting falling annuity sales. Admittedly, this does mean the group is more at the mercy of volatile markets. As a result, shares in the group are 13 per cent below our 2014 buy tip. However, the shares are trading on just 12 times forward earnings and have a prospective yield of 5.9 per cent this year, according to UBS. We think the investment case remains intact. Buy. Outsiders Aviva has certainly strengthened its balance sheet - it managed to reduce its combined ratio of claims to income by 1.1 percentage points to its best reading in nine years at 94.6 per cent. The integration of Friends
1 Ved + 91% 2 Pmo + 44% 3 Purp + 38% 4 Tlw + 37% 5 Eto + 17% 6 Rya - 21% 7 Cns - 34% 8 Flyb - 58% 9 Gkp - 79% Exactly the same positions as last week, looks like Ved is getting a bit toppy, almost bagged mid week, and Gkp will become a bit confusing with the dilution ascending, have a good weekend all.
I think the markets are just treating it as worse case scenarios until new trade agreements are made,Im happy to hold with lgen and using comparison charts I can see that Aviva has dropped by a similar percentage.
Hi Hot, GS, Optimus - any views on what is holding Aviva back? Surely not the suspension of redemptions in their property trust?! I had thought it would drift fairly easily upwards to 420p+. I still intend to hold.
My son's type of thing, normally Full Blast just to annoy his neighbours (lol) ---- https://www.youtube.com/watch?v=v2AC41dglnM GLA ---- Good Bye to David and Hello to Theresa ( bet she was quite something at Uni !!!!! ) (lol) .