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Price: 474.60
Sell now or wait for US markets to open? I’ve doubled my money now and need to get stuff into isa really instead of standard trading account
Where's pork69?..........
If there genuinely is a potential bidder sniffing around AV., the price tag just went up substantially - they snooze, they lose.
Indeed, well done Aviva.
It never disappoints.
....very pleasing results and divi...takeover rumours persist......amanda blanc doing an excellent job imo......gla
Cracking update - well done Aviva!
Loving Blanc. I read the Telegraph (stupidly) and she gets a kicking constantly for woke policies. Well, they can shove that now can't they. Whatever she's doing, its working at the mo.
Sell now or wait for US markets to open? I’ve doubled my money now and need to get stuff into isa really instead of standard trading account
£4.75 looking good
Rock on Amanda!
Oops! 470p exceeded already : )
Nice start to the day, comparing to LGEN, which fell but ended up recovering. I may have been too cautious with my 466p-470p range for today here
Squash, Canada & RoI have combined populations of ~43m (~64% the size of the UK) so you shouldn't simply discount them. The population of Australia is ~68% the size of Canada and its second largest insurer (SunCorp) is currently worth ~£7.5bn. AV is the second largest insurer in Canada (which has large agricultural, manufacturing & mining sectors), so it's conceivable that, on a pro-rata basis, AV's business in Canada could potentially be worth ~£11bn, all other factors being equal! Hardly small fry.
It goes without saying, given that the whole of AV has a current market valuation of ~£12.5bn there is significant upside to the potential valuation of AV.
What's not to like?
File:///C:/Users/eamor/Downloads/aviva-plc-annual-report-and-accounts-2023.pdf
Let's see how the market opens.
We all know that good results does not always equal good day.
That said huge SP uplift due here in the future for those interested in that sort of thing. Me ? - I've penciled in 36.1p dividend for FY24 (915m x 1.05)/ (2,740,000,000 - 60,000,000) - I've gone with buyback @ £5. That's 8% increase on 33.
4p :)
Wonder if the opening SP will be around £4.75 today?
What's everyone else thinking?
Wow that report was fantastic to read.
Aviva expected to report full-year operating profits of between £1.42-1.45bn, as per the life insurer's own guidance but they beat this - well done Aviva!
And
Divi up 8%
Expect the share price to rise significantly today.
So glad I have invested here and will be holding forever.
Cheers everyone,
Bob.
Profit above expectations should be a good day
Seems pretty impressive on first take. Certainly more positive then LGEN.
If my calcs are correct then with 2.5% share capital reduction and mid-single digits div cost growth, should see around 9-10% y/y dividend increase.
As this is already yielding c7% should see good sp growth particularly when interest rates start to decline.
Got my shareback and it reads well , Perhaps 35p dividend next year with interest rates declining at somepoint should see this head to £5 over 12mths, or most likely by end of this year, well done Aviva
Upgraded future dividend guidance. thank you, blanc.
Fantastic results but as expected so not sure how much the market has in for this?
Very healthy
I'll take that for my long term holdings.
""Final dividend per share of 22.3 pence (2022: 20.7 pence) giving a total dividend per share of 33.4 pence (2022: 31.0 pence), up 8%."
TheTrotsky you make some very valid points. I guess the way I am seeing it is the City fell out of love a long time ago with the UK Insurance sector and Aviva was a clunky business based on former mergers and takeovers plus all the overseas businesses. Previous CEO's including Richard Harvey, Mark Wilson and Maurice Tulloch failed to deal with the issues. Don't forget the CGNU/Aviva SP was over £11 twenty years ago so other than a decent dividend return the longterm shareholders have suffered. Therefore there was added pressure to do something with the overseas operations when AB arrived and only amplified when Cevian bought 6% and got very noisy about what direction they needed to go in. Then once the return of funds was complete Cevian disappeared. Now Aviva are just a smaller company and in a very limited market. Not a lot will come from Canada or Ireland so they now pretty much have all their egg in one basket - UK and as you correctly state no further acquisitions likely for the reasons you have given. Lets hope for a good set of results tomorrow (L&G disappointed today) but either way I am in it for the long haul purely as a dividend stock in my portfolio.