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I'd love to know how much money he's lost . It must be pretty substantial to make him spout the same bile over and over again
I see the serial idiot has just returned for another little rant and foot stamping session , hopefully their will some forums out there for US stocks that he can go and infest , then we won't have to read his constant snivelling about the UK stock market ,
Why is it stupid anal-izer? The S&P has 4xd in 20 years while the ftse has gone nowhere, even with dividends re invested its nowhere near. Aviva has lost half its value in 11 years not 20, its a dogsxxt growth-less company, buy US growth, UK and ftse utterly doomed just like sterling.
Looking at historic share prices especially those over 20 years ago is stupid. The world and Aviva business has changed massively over that time.
Aviva has done the easy lifting so far i.e. selling off about half the group. The really hard yards are about transforming large businesses in mature markets. I have held and sold Aviva before and got back in at £2.80 in Sept 2020. I reckon they will get to 75% of SII net assets if we are lucky. I will hold for dividend yield with share price supported by buy backs and return of capital.
I don’t think a takeover or break up is likely in near term as Aviva is now in primarily mature lower growth markets with fierce competition.
"ULVR you owe me"
Agree with that. I'm down on only three of my 15 stocks and ULVR is one of the three, the others not surprisingly being BP and RDSB. Although when dividends are taken into account, I'm more or less equal - about the same as a 0.01% bank account. Not selling though as I reckon it's going to move again soon - after a five year hiatus.
Nuri "Redceo - when did you sell RMG?"
Off topic but, fortunately before the recent drop which in my mind had to be on the cards. I hold a small amount only now.
They will either cancel or put purchased shares in Treasury.
If they make up only HALF the lost ground Warthog4, say to c£7.50, I will be more than happy. There could also be an additional £1 or so in dividend distributions while patiently waiting. I'd be happy to forgo the dividends though if a predator took the company over early at that level.
LGEN's fall is likely to have been because they went XD 12 Aug; AV. goes XD on 26 Aug after which, other things remaining the same*, it too will see a drop in proportion, say 1.75-1.80%. I have zero loyalty to either stock and am in good profit with AV., LGEN and MNG as a result. It's other stocks that let me down. ULVR you owe me..
*Other things rarely if ever remain the same.
Sorry, missed that Bubbles but it was over 23 years ago during which time FTSE 100 has risen by 22% while Aviva has fallen 67%. A lot of ground to make up
Not to mention shareholders will probably receive the best part of £1 in dividends while patiently holding. GLA LTH's
This was £12.80 once which is over £15 today approximately allowing for inflation, so £8 in 2/3 years is not impossible. I would base that on a restructuring and transformation of the company of which it is already in the embryonic stages. This would make it a very tempting takeover proposition also.
"Thing is £8 is a real possibility"Based on what??
Highest ever SP last 10 years was 566p which, if adjusted for inflation is 642p today
Culmer is sharp and understand insurance business in detail so for me it’s a strong positive.
Redceo - when did you sell RMG?
Couldn't agree more Nuri. With a possible exception. I'm never bored when making money. Glad to see a smile on your face.
Redceo - you are spot on in terms of potential here. Thing is £8 is a real possibility. This is an A+++ investment. Boring company - outstanding results.
427..... very nice, this is what we want to see. A nice steady rise.
I got attacked by trolls elsewhere when I envisaged a share price of 550p. Thing is that 550 was a very big leap however it reached there eventually.
Here it's definitely achievable, question is when ?
Agree, as most Chairmen I’ve met only ever liked spending Company money ! , but suspect like many he sees a decent return within a reasonable short timeframe.
no guarantees in life, & plenty of BoD members can make
terrible investing decisions, nonetheless, very pleasant
indeed to see that chunky £420+K buy by the chairman.
Yeah i definitely would perfer they use all the 4 billion on buyback s i in for the long term it will the company a lot stronger
Porsche1946 Andy Briggs was never Group CEO his lost out to the Canadian and was replaced by Blanc. Briggs became Phoenix Group CEO.
Shows how little you know about the company you are ****ging off.
I'm with Nuri. I would prefer buybacks to a special div. A div would just mean the SP goes down by the same amount and would 'reward' carpetbaggers. As a LTH, it would be preferable to increase EPS via buybacks and debt reduction. Nice figures though.