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Albany - me neither - but it’s not surprising - distributing dividends from capital sales doesn’t sound right to me - as they need to replace the profits that capital used to earn ( eg Italy and Poland ) and it’s better to reduce share numbers and also invest in the business.
Not great from a short term SP perspective but good from a longer term one.
The right thing to do.
In round numbers, that are increasing the divi by 5 % & reducing the share count by 5%.
So, (this round excepted) no increase in the net cost of recurrent dividend.
Frees up further cash for director bonuses.
Brilliant business for the self serving directors and monkey NEDs
rise is paltry
418.30 GBX
12 Aug, 08:02 BST · Disclaimer
If you go to the outlook section they say they will update us on the return of the rest of
the capital in March 22,in brackets it says "With a preference to a reduction in shares"not happy with that,
NO Specials?
operating profit missed so opens lower. but plenty to like here.
goodpick... look at tesco. they hand back 4 billion in cash say ... and they reduce the number of shares per person to match that.
To just be a shareholder and to hold long term. Great banker for my SIPP.
…their preference is to reduce the number of shares ….
Which means a share buy back is their preference..::
I don’t believe a special dividend has the effect of reducing the number of shares (
this is definitely better value than l&g
My calculation is that after share buy back, interim and final dividend, around 60p per share for a potential special dividend with 2021 final dividend.
todays results are absolute evidence of the strength of this company. Few companies are so undervalued and continually overlooked than this one.
goodpick. they did not say they would be buying back 4 billion of shares... they want to reduce no. of shares - so a special dividend with consolidation is likely - see tesco for an example of how that works.
goodpick. they did not say they would be buying back 4 billion of shares... they want to reduce no. of shares - so a special dividend with consolidation is likely - see tesco for an example of how that works.
If a bid is in the wings it will be soon,before the large appreciation AV. will acquire
Five pound plus on next upward movement seems a fair prediction!!
Good yield, chance of a a special dividend, more upside than downward share price pressure. Sounds good to me.
Sorry what is the benefit to shareholders of a capital return ? Unless the dividend per share increases spreading the dividend pot across fewer shares.
This is not the case and Aviva will just increase the dividend by low percentages each year.
The preference they have clearly stated is to reduce share numbers and not pay special dividends.
Great results but nothing special for the share price
Hmm.
£750m buyback now, with further plans revealed @ FY. Sounds like a further buyback on the cards. Muddies the water. I'd rather of taken my £1 / share (19p now).
some of that was expected but wow those results were top draw.......yep i see an upward move today
Best results in a decade...best results of a ftse 100 company.
Aviva to buy back shares 750m
On your marks !!!!
I am sure the disposal of assets by year-end valued @£7,500,000,000 will be of interest to someone in the M&A field.
It would bolster any future financial statements of the buyer
i am long here, but nonetheless would find it hard to
describe aviva as “incredibly well run”, lol! - it is doing
better recently, but still plenty of scope for improvement.
aviva has got really lean recently and while its still a way behind l&g, the valuation adjusts for this. however insurers are now starting to be viewed differently. recently youve had an asset manager buying an insurer in the states and i wouldnt be surprised in they start sniffing in the uk. there are some incredibly well run insurers are relatively low valuations.