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Yes on track as previously advised.
Aviva plc ("Aviva") announces it will commence a share buyback programme of its ordinary shares for up to a maximum aggregate consideration of £750 million
that's £172 Million??
Porsche again he is going around all big share forums spouting the same nonsense like a broken record
“BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed”
https://amp.ft.com/content/87fddf09-ef69-49b3-87bc-1a2d84fffd91
As far as I can find Av. is very unlikely to have such exposure thanks to its lack of interest in Asian business generally.
Just short of £172k worth of buy backs to date. Yesterday was the biggest £-worth so far at nearly £9.5m bought and cancelled.
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.
Yesterday
Average price paid per share
GBp: 391.6733p
we should see a bounce back to £4.10
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.
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.
To add some balance to the Evergrande problem.......
"analysts say that the chances of a failure that cascades across economies is unlikely. Capital Economics senior analyst Simon MacAdam wrote that "even a messy collapse of Evergrande" will have little global impact beyond market turbulence. "Even if it were the first of many property developers to go bust in China, we suspect it would take a policy misstep for this to cause a sharp slowdown in its economy,"
I'm looking at it as an opportunity. Aimo of course.
… lingering concerns re delta and other variants,
serious problems with everglade debts & looming
collapse, with potential knock-on for chinese markets
more broadly (on top of recent concerns about CCP
interference / tighter regulation of tech & finance),
nagging concerns about inflation, then add in some
domestic probs re supply chains, brexit, labour supply.
take your pick, there’s a lot of trouble around. ?are we
heading towards slippery slope of market correction,
or a Q4 climbing a wall of worry? - place your bets, lol.
.......so what has caused this latest fiasco plse???
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
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..
Nuri, I hope you are wrong as I just bought a stash for 3.90801. Falling knife? Maybe..
Like you just bought a bunch - £4.15 nav says it all for me
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 ;-)
Think on pork you could reclaim some of your losses lol.
Have to agree NN. One person's gripe is another's opportunity. Like you I will be having a few more.
That's an excellent question! But since the Evergrande fiasco has gone global I think the answer is that every one does. If the Chinese govt steps in then not so bad but it seems unlikely they will because that will send the wrong message to other profligate Chinese companies. Chinese economic slow dow is invevitable it's just the degree that's crucial. When the Chinese economy slows the knock on is of course global. Worst case - it's Chinese Lehmann Bros.
https://www.forbes.com/sites/russellflannery/2021/09/20/hong-kong-stocks-drop-as-evergrande-rout-deepens-property-banks-plunge-as-contagion-spreads/?sh=48786a424450
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.
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.
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.
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.