Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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9% dividends and an annual 4% increase in the share price. Try and beat that with a GILT
"kicking back against the old boys club that has been stuffing their pockets and periodically crashing the markets for the last 50 years."
I cannot disagree with that statement apart from the "kicking back" element - she isn't "kicking back" she's just joining in! British Financial Institutions (not just AVIVA) have been failing customers with woeful pension and investment returns for decades - whilst lining their managements' pockets. I see no evidence that our Mandy has any inclination or ability to change that set up. She has the time and focus to campaign against men of the wrong age, wrong colour, wrong school, but where are the returns for customers?
Christine Legarde? Convicted felon: "Christine Lagarde, the head of the International Monetary Fund, has been found guilty of criminal charges linked to the misuse of public funds dating to her time as France's finance minister." Would a man so convicted still be in post?
I don't care what age/colour/sex they are as long as they are good at the job. Amanda has been CEO since 6 July 2020 when the share price was 368p; three and a half years later it sits at 417p.
Make your own judgements. AceOfClubs
Sorry, but when people start judging a CEO's performance based on their gender I feel compelled to put my pennyworth in
Likewise, added.
… wish folk who wanted to debate woke/anti-woke (sleepy?) positions would keep it to facebook, x, tinder or just anywhere else.
blanc’s a way better CEO than AV has had for many years, has slimmed and focused the biz effectively imv.
I've been adding here. Contrary to a lot of people commenting, I'm very happy to invest in an organisation described as "woke". This to me just means that the CEO has an awareness of the world we live in, values human capital and is kicking back against the old boys club that has been stuffing their pockets and periodically crashing the markets for the last 50 years. As Christine Lagarde said, if it had been Lehman Sisters rather than Lehman Brothers, maybe that particular institution would still be around!
No, it would seem that "most men" are women in drag who are afraid of any woman in a senior executive role (because she just might show them up).
Amanda quickly and successfully oversaw the downsizing of AV's problematic overseas businesses and has proceeded to expand AV's "capital-light" business despite the socio/geo-political backdrop (she's had to cope with the impact of Covid, the war in Ukraine, Truss-enomics, spiralling inflation and zero growth, if not recession).
In the circumstances, I think that Amanda has done extremely well but for some men (who feel that their own masculinity is being threatened) it seems to never be enough (even if a male CEO could have done no better) and remain totally oblivious to the socio/geo-polictical backdrop.
"or get some real cajones like Amanda"
Oh dear! Is our Mandy really a man in a skirt and a blonde wig?
AceOfClubs
Depressing really :-( as soon as it reaches 440-450 (dividend or not) I am out, a thought shared by many in this space IMO :-(
Whilst back in the real world AV's acquisition of AIG Life has been referred to the CMA and all of its peer insurers seem to be in the same boat at the moment (a sea or red). I suggest that all the anti-wokists just keep their trousers on or get some real cajones like Amanda (who has to deal with your drivel day in day out)!
"Will this help push this woke company over the 440 mark....?"
Agree!
I've been selling positions with AV.
Sold 80pc with highest @ 439.30p & lowest set sell 427.30p
The CEO is a woke mouth piece & quite frankly she could seriously damage investment decisions.
gla
Big insurance buys insurance to mitigate disasters etc
Very long and complex to explain but big insurance companies like Aviva sometimes make money from bad weather i kown its sound daft but its a very smilar to hedgeing like the bookies do but far more complicated and more risky but the big companies tend to do ok at it
No mention as yet.
Who’s to optimist Now…?
Of course not,just the reverse.
While we are on the good news train:
Jefferies raises Aviva price target to 490 (480) pence - 'buy'
Will it help push this woke company over the 440 mark…..?
All, Frustrating share indeed !! Wonder is a bid well and truly dead for now ? Acquisition by another insurer which has multiple growth markets already and could provide Aviva with economies of scale and more diversity in UK/Ireland and Canada would be a massive positive, but maybe too optimistic for now !!
Jan 30, 2024
Aviva plc (AV) received a Buy rating by 0.9 Star analyst Louise Miles from Morgan Stanley Jan 30, 2024…£4.90 reiterated.
Maybe it was the buy rating by a 0.9 Star analyst….?
To be fair over the last few months this dog of a share has been rebuilding very well from 3.66.
As I said, a great trading stock…Others love the dividend and will just keep forever watching move up and down.
It’s good to make your own decision on what fits with you.
Why this change of direction, is it because of the IMF comment? every small fart on the market is driving this share down!
Agreed. We hit the magical 440 then collapse 1.6% in a matter of a few hours!!!
Somebody want to keep the lid on it.
For me it’s a big old sell signal, it is a great stock to trade….Predictable, Sell on any peaks, Aviva never holds it’s uplift price for long.
It’s always best to make your own decisions…
Well here we are again testing 440, each time we seem to get there we retrace from it. Let’s hope this time we can push through. Onwards and upwards…
Expecting a rise to £4.65 ish when interest rates start to decline. Doesn't matter if it starts in Q2 or Q3, just so long as it does. I'd like to see £5 in early 2026, and be content with the 2024 and 2025 dividends. GL.
It's a while back now, but I seem to think that the sp was reduced from 577 to 438 on the day. In which case the rise since then would be a %age increase of 577 had the exercise not taken place. The cash bonus was c.£100 which could be used to buy the shares at the new lower price if you wished.
That's my recollection, please correct me if you know different!
Point taken AllAt but Buy Back= less shares for same NAV surely so should be further improvement of the SP as against a pure straight comparison?