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Bought at 422 the other day. Remarkably it's holding up. The div plus the dream of it being bought at £6 are positives to keep it afloat one would think.
Excellent finish to the day!!
Pike71, and it's only up by 0.1% !! Where would the share prices be if inflation was up by more, heaven forbid ?!!!
Still remember the take-over possibilities of 2023, wonder are they totally dead or simply sleeping ?!!
Draw some comfort from the fact that unlike L&G: Phoenix and The Pru. we don't appear in the Top 20 Fallers.
Bought some at 423 with dividend from POLR
Damn … hang sang in free fall, inflation up , ain’t looking good this week, hopefully new opportunities to top up here and elsewhere (trying to see the positive side of it)
"In comes blogs, eyeing up £1bn in the bank, offers 50p over share price to agree the buyout… paid for by our cash in the bank. We would sell!"
Which is why it's not generally good for companies to have excess cash in the bank.
How did you do well last time, I sold mine and bought back cheaper you were better off !!
This 'woke' chat is a minor side-show of interest I suggest only to a few people.
I'm more interested in where the share price will go. The dividend is healthy and hopefully will go up on the back of decent performance of the business taking the share price up with it.
"I believe the CEO is a politically woke mouthpiece & no doubt will be rewarded by the woke establishment. ..IMO"
Already has in the New Year's Honours list with damehood.
I will also be selling Aviva because of Woke and ESG policies. I like PHNX (already have shares) and LGEN but most of my free cash is going into Uranium where I have been building a position for a few years, world shortage,being tipped a lot now including the Telegraph, not taxed by HMRC except my CG.
On a day like today, you would be better off with JD Sports.
"Contemplating a top up of something , not sure what tho. Av phnx lgen psn vod bt"
AP.... I've been adding PSN on the dips and looking to exit AV 440p - 460p with various set sells!
I believe the CEO is a politically woke mouthpiece & no doubt will be rewarded by the woke establishment. ..IMO
gla
If things switch to value stocks , that’ll ding dang do for me.
Contemplating a top up of something , not sure what tho. Av phnx lgen psn vod bt
Not sure which one to go with. Already have enough phnx , and feel like av may be better value than lgen now?
Remaining comfortably long into 2024, but expecting H2 may be better sailing than H1.
They are delayed reported trades, i.e. taken place during trading hours but reporting delayed until after market closed.
Uncrossing trades?
Very large buys after close.Why…
Got to agree. Simplified business model, the next results should be good, big divi, share buyback in the pipeline... What's not to like?
...I would not be surprised at all if the SP moved - in a decent market- over £5 per share. Dependant upon how the cash pile is to be invested, it is not impossible for the NAV in due course to return to, or even exceed its previous giddy heights. But I would be more comfortable if the excess cash was spent fairly slowly and with great care. Ms Blanc is proving herself to be one smart lady, so I expect nothing less.
Thanks Armani nice to have good news going into a new year. £80 million is not to be sneezed at & perhaps another reason why a takeover might be in the offing. £5 per share anyone?
Aviva PLC on Wednesday said it will receive additional payment from the September sale of its stake in Singapore Life Ltd.
The London-headquartered provider of insurance, wealth and retirement products said it now expects an extra GBP80.0 million of additional proceeds for its 26% stake in the Singaporean insurance company. This would bring the total amount Aviva will receive to around GBP930 million from Osaka, Japan-based buyer Sumitomo Life Insurance Co.
The extra payment, Aviva said, was incurred due to Sumitomo also agreeing to purchase TPG Inc's equity stake in Singlife. Aviva's receipt of the additional proceeds depends on the completion of this separate transaction.
Aviva expects the disposal of its Singlife stake, which remains subject to customary closing conditions and regulatory approvals, to be completed in the first quarter of 2024. The sale proceeds "will be considered alongside Aviva's existing capital management framework" under which surplus capital is available for reinvestment in the business, for bolt-on mergers and acquisitions, and for providing additional returns to shareholders.
gla
Aviva also needs to be careful about associating itself with a brand that has been well and truly tarnished since the founders used it as a vessel to fraudulently enrich themselves.
As someone said black lives do matter but so do the disabled and many other disadvantaged groups who have been somewhat elbowed out the way by the group who screams loudest for more and more handouts and leg ups. It’s become it’s own weird industry where self reliance and lifting yourselves up by your own boot straps have become secondary. Let’s us not allow that culture to flourish as problems will just get worse. Look at the US for crying out loud.
Agree. The BLM movement started 10 years ago, not because of the Floyd incident. In other words has Aviva not piggybacked on the wave of protest which followed the Floyd incident to curry investor favour rather than starting to review its policies when BLM was first founded?
All life is precious and for Aviva to publish a document which seems to apply that abiding principle to one section of the population alone can only be described as blatant discrimination.
“the high div shres imo dont rise over time like others”
In truth they do. But it depends on your market timing.
I’ve said before - and I’ll say again - that all investment returns as immensely personal. That 30% increase in my favourite fund is less great if you were sat on a 40% drop in fund value from 18 months ago.
My view is that we’re due a “rotation” into value. Just a +1 or +2 of P/E is going to tub into +20-30% on share price.
Or it may never happen.
I am, though, a keen believer in “mean reversion”. If we look at where LGEN and its peers have historically traded then a reversion to mean suggests a good upside.
Or not.
Not advice. Do your own research. Etc.