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After buybacks are announced which is supposed to support the share price Aviva has underperformed L&G.
Never liked buy backs I favour cash much more.
Am I missing something?
Does anyone know if Aviva has any exposure to the Chinese propperty company Evergrande.?
Good for you Bandit.
Well said Vind.
Just hit my entry point below 404 LTH
An epic fail. How old are you? I'm normally reluctant to engage with such obvious trolls but you've made it clear you that you favour the US and have no time for the UK.
How about frequenting some other boards then? There really is no value in you repeating the same old message time and again.
WOW. Thanks for the tip Porsche. If only you'd told us that before. Have you got any other hot tips for us?
Aviva sp, will float around 405-410, while they buyback shares. With maybe an uplift to 425p, if a special divi announced for November or December at say 15p? Then we may see it tick up above 450p, if divi’s are predicted and planned for 2022? All if’s why’s and what if’s!!! Let’s get some news and announcements or a definitive RNS from CEO?
Better still could you please provide your in depth analysis as to your reasoning Porsche regarding the UK markets you continue to knock. Your response will no doubt be very amusing.
If you want to exit as a shareholder once and for all, sell your shares!
Ftse same price as 30th Dec 1999, pathetic, S&P has 3xd in that time, Aviva has lost half its value in ten years and the problem with the index is that it’s stuffed full of dross like this, gsk, rubbish banks and hopeless energy stocks. Having said that, tories and brexit an epic fail for U.K. plc, only hope now is that it all gets sold off to foreign buyers asap so we shareholders can exit it once and for all.
You think aviva is strong sell you must think there a big market crash and therefore the whole market is a strong sell because the fundamentals of aviva of never been this good for years
not this morning lower before we go higher
wait
Barclays raises Price Target , 467 to 505, OVERWEIGHT.
adeg1
Some good analysis there my friend.
If that turns out to be accurate the NAV per share will increase by more than the buy backs.
Requires some trust and skill by the managers.
History has not been kind to buybacks by UK financial stocks.
Directors have been buying which is a good sign.
Certainly there is a lot of hope.
Personally I would rather take cold hard cash and reinvest myself if I consider the stock to be cheap.
I am fortunate that 95% of everything I own is held within a SIPP or ISA wrapper (have maxed them for years and my wife's allowance too). This means I don't have to worry about dividend tax etc. I can however see how it is definitely a consideration if you have your holdings outside. Why add to income when you don't need to and incur more income tax.
Nuri. Only time will tell whether holding or selling up would have been the better option. I'm certainly hanging in and will continue to do so unless fundamental reasons arise to do otherwise.
Redceo - its an excellent company and a safe investment but investors have long shunned it... apart from Cevian looking for a quick buck and then exit
Nuri. I see no problem with anyone selling high (421+) before dividend. Do the current (401+) not pique your interest in buying back? Nothing to stop you opting out of any future plan to return shareholder cash.
Sold my £65k holding weeks ago. I wasnt waiting for a special dividend as it would have cost me dearly in terms of dividend tax - pushed me firmly into 37.5% rate.... see nothing happening with this share of interest.
The current market cap is £15.884 Billion but the Net Assets Book Value of the business at December 20 was £20.560 billion. So by buying back shares they are buying them at a discount to the net book value. In this scenario they are paying 77p for something valued at a £1.
In theory, taken to the extreme, if they cashed everything in and bought all the shares back at the current market value the last single shareholder would be left with £4.676 Billion.
However I also like to take off the intangible assets from the NBV as they would be worth nothing in a firesale, which in this case is £4.233 Billion. Even with this they are still buying shares under an adjusted NBV so I am happy with that.
Redceo
It is a myth that they are giving cash to anyone.
The purpose of a share buyback is to pump up the price as many comments already mentioned by increasing earnings per share.
It will all come down to exactly how the £4 billion is returned to shareholders, many would like to see a special dividend of £0.80, but I think an increase of dividends over the next 3 years and perhaps more share buybacks are more likely