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SP continuing to rise.
Either it's in anticipation of next weeks results, or on the news of my top car insurance deals.
Interesting (for me at least) that Quotemehappy.com (Aviva Subsidary) came up cheapest (just) on both mine & my wives car insurance this morning.
Is that how they are going to maintain profits after sales of non-core, by growing UK market share by undercutting competition?
Well, it gets my vote :) Gladly paid the premiums (cue another spike in SP)
giddy up.
Bottom of the life Insurance sector risers this morning.
Agree Spikey. I do think we will have two great divi’sand a great special divi over next 12 months, but we may also see a surprise and either Aviva buyout Legal and General or Aviva gets bought out with 7 billion in the bank!??????
they have a stack of cash. i’m happy for them to take their time casting
eyes over possible developments that fit with their core focus … if
vendors try to force them to overpay, they can just hum & hah, bargain
slowly, then walk away and give a larger special divi if price ain’t right.
no rush.
aviva a peaceful enough share, would agree it should not be mega slice of
anyone’s overall portfolio, but in combination with nice spread of other investments
in other markets and sectors, it’s a nice little earner in a diversified portfolio.
Happy to be a Muppet who bought into AV just over a year ago- and happy to give new management a chance whilst negotiating covid and brexit and happy to take dividend whilst waiting!!!
Aviva need to get their finger out and make a decision. They know exactly what they have from their sales so how hard can it be to disseminate it whether it be by a Divi or share buy back.
What a steaming pile of capital destructive sxxt this is. Actually doing worse under this new douche bag than it did under Andy Biggs whos managing to crater the Phoenix share price now. You dividend muppets need to learn how to make proper money ( BUY USA GROWTH) you’d be better buying BTC than this sxxt.
added.
As long as any special is not accompanied by a consolidation, then it just becomes a gift to the tax man.
It will be interesting to see how the 5 billion over 3 years is dished out and how The New Boss lays out her vision . I expect buy backs and a special to be announced for later in the year . Fingers crossed
Well, the all FTSE100 has been un-investable lately, AV just follow the herd :-( one thing for sure I would not do right now is putting a single penny in the US stock market, a small puff and the house of cards will collapse. I rather buy bitcoin if I really need to go down the self-harm route
Let’s see what the interims say and we can judge from there. How they are going to distribute the cash pile and future growth plans are key .
What a DOG this is, share actually doing worse now than under Andy Briggs, no growth, shrinking company just a dividend stock, watch your capital disappear for 6 pc a year. BUY US GROWTH. U.K. index utterly doomed…now at May 1999 levels. Pathetic.
It was 4.25 last month with new investor Cevian pushing for a £5bn share buyback. She said would update later this year. This should be at least 4.25 again soon unless Covid gets worse.
I can think of hundreds of shares not to be overweight in.....Aviva is certainly not one of them and I expect your purchases will prove both excellent timing and a shrewd investment in retrospect.
Providing the market holds and Covid figures continue to slide then I am sure this will re test recent highs pre results . Not that many trading days to wait. Too much bumper cash .
Would love to see £4.30 or Even 4.20.
Seriously need to off-load some of my recent purchases @ £3.80, £3.90 & £4.
Thought i was getting a bargain 2 weeks ago @ £4.
Seriously overweight here now.
Seriously time to retest £4.30 again as we run up to good interims and finally crash through the glass ceiling......to infinity and beyond....
Following recent pullback I think the bottom bounce has happened and Aviva should now rebound strongly. Prospects are looking ever better with strong fundamentals, emphasis on UK, Canada and Ireland and lots of cash in the coffers. Looking in better shape than for years so let's see if Amanda Blanc can not only float the boat but arm it and make it fight...
I hope they strike the right balance between share buyback, special divi, debt reduction and future investments to drive growth. I always feel special divi sounds good, but once paid share price drops similar amount. They clearly have a lot of money to play with! Happy for them to take their time and get it right - not sure they will have this opportunity again.
Trading update in May also stated “ We will provide a further update on the substantial capital returns to shareholders later in the year as we make progress with the completion of the divestments.”
The Feb Rns re the sale of the French assets stated “ Aviva expects to use the increased capital and cash to support its previously communicated capital framework of debt reduction, investment for long-term growth and return of excess capital to shareholders.”
As you say probably a mixture of share buy backs and a chunky special Divi. Would hope to hear in the next few weeks !
As a potential investor in the insurance sector I would be grateful for holders thoughts on what is regularly being touted in the press. It would appear that AV have said that following the sale of various assets they intend to make quote, a "Substantial return of capital to investors".
My query is does this mean a special dividend or possible share buy backs (which I am personally not a fan of) or a mixture of both. Also, I guess this may be happening soon? Thanks in advance all.