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Bof America AV. upgrade to buy ( from neutral)
Broke it for a minute spikeyj somebody confident of good results some huge buys this morning pushing the price up
Need another £300m buyback , I hope they have enough left in the cash pot , after all the spending on smaller stuff .
Results soon.
comfortably (hollow lol, tempting fate!) long.
"....in a market that's resembling a casino these days."
In reality it has been a gambling den ever since "big bang" when the City was deregulated back in 1986, and niceties like
"dictum meum pactum" were thrown out of the window for ever.
My apologies Trotsky. I must have completely misread the share price chart; your 285p a share on 6 July 2020 is correct my 368p incorrect. The 285p was the result of the Covid panic so rather fortuitous for Amanda, pre-covid 400p was normal.
AceOfClubs
Logic tells you that Motley Fool lives up to his name. The market sometimes gets it wrong,but get real, buy Aviva now and pocket loads of cash. Were investing so easy !
The Motley Fool, the tipster who might be just that for all I know, says yesterday that on any (his) logical calculation AV. should be around £8 a pop. Well, having 20k of them I'd, we'd all, be thrilled with that but certainly on the figures he quoted they're oversold and I'll be hanging on for my 7% till they get north of my 448p, they seem, at least, fundamentally sound in a market that's resembling a casino these days.
Good post.
AoC, the 285p figure I quoted is not my figure; it's LSE's. Check the historical chart.
I've checked some AV purchases I made in Aug/Sep 2020 and they agree with the prices quoted on the historical chart, so I think it's safe to assume that LSE has not adjusted the older share prices to take account of the capital reduction in April 2022 when we each received 76 new shares for every 100 old shares held. So, I would asssume that your (sarcastic) "think about it?" comment would be in reference to multiplying LSE's figure of c285p by 100/76 (which would give your figure of c368p, allowing for some rounding differences).
Hmm, so far so good, but what about the c102p per old share (or c134p per new share) we received as part of the capital reduction? For a proper like-for-like comparison, you'd need to either add the c134p to today's price i.e. 368p vs c551p or deduct it from the adjusted July 2020 share price i.e. 234p vs 417p. You can't simply ignore the capital return or discount it as if it was a normal dividend return (it wasn't paid out of AV's current year profits and is non-recurring) simply because it's convenient for your argument.
For example, if (say) you'd originally bought 1,000 old shares at 284.5pps (LSE's quoted closing price) on 6 July 2020 they'd have cost you £2,845. Today, you'd own 760 new shares which, at 417pps, would be worth c£3,169. However, you'd have also received c£1,018 as part of the capital reduction. QED if you'd bought 1,000 old shares for £2,845 on 6 July 2020 and sold your 760 new shares today at c417p you'd have generated a total capital return of c£4,187 plus annual dividends of c£793 i.e. a capital return of c47% and/or an overall return of c75%. Not that bad when you consider Covid, war in Ukraine, Truss-enomics, rampant inflation, near zero growth etc. LGEN (run by a man) doesn't even bear comparison (unfortunately).
I rest my case. Go back to beating the wife ;-)
"Are you being selective with the truth AoC or just simply being a misogynist?"
Hello Trotsky, Ah, the "have you stopped beating your wife" trap. I am in no way a misogynist, so must plead guilty to being selective: but no more so than you, or any other poster here. It was another poster who quoted the sexist words of Christine Legarde: I merely exposed her tainted credentials. She is not alone in having a criminal past: but I never maintained that she was; I judge her on her record not her sex.
You do seem to have got your knickers in a bit of a twist on the return of capital: mine worked out at 424p a share: completely in line with the then share value. I received not a penny in extra value, merely cash instead of shares. Your calculation of 285p a share in July 2020 is a complete misplaced fiction - think about it?
Have a good weekend - AceOfClubs
Rydian, the TFIF bond fund is set to return c11.5p or c10.9% for the current financial year.
"Would a man so convicted still be in post?"
Benjamin Netanyahu for one. I think you'll also find that Jacques Chirac was found guilty of misusing public funds when he was mayor of Paris but was granted presidential immunity. Mitterand was also quite profligate with public funds when he was president but nobody thought to prosecute him until after his death.
Nobody is saying that women in business are any better or worse than men but it would seem that men are selective when accusing women of misconduct.
As regards the share price, Amanda has had to deal with the after effects of Covid, war in Ukraine, Truss-enomics, rampant inflation and near zero growth. That's a lot to contend with in less than four years. The AV. share price performance may not have been stellar but none of its peer group have faired much better over the same period (the LGEN share price is more or less the same over the comparable period - c233p today vs c223p on 06 July 2020). Also, do your figures take into account the retrun of capital? The LSE historical chart suggests that the AV price on 06 July 2020 was c285p when adjusted for the return of capital and share consolidation.
Are you being selective with the truth AoC or just simply being a misogynist?
Rylidan , I presume you are relatively young.Chicks and eggs come to mind.I ceased counting when the COVID con hit.
I am in with Aviva ,Lgen,Rolls Royce ,Dlg and Land Securities ( just added today) with fingers crossed.
All the Georgey.
9% dividends and an annual 4% increase in the share price. Try and beat that with a GILT
"kicking back against the old boys club that has been stuffing their pockets and periodically crashing the markets for the last 50 years."
I cannot disagree with that statement apart from the "kicking back" element - she isn't "kicking back" she's just joining in! British Financial Institutions (not just AVIVA) have been failing customers with woeful pension and investment returns for decades - whilst lining their managements' pockets. I see no evidence that our Mandy has any inclination or ability to change that set up. She has the time and focus to campaign against men of the wrong age, wrong colour, wrong school, but where are the returns for customers?
Christine Legarde? Convicted felon: "Christine Lagarde, the head of the International Monetary Fund, has been found guilty of criminal charges linked to the misuse of public funds dating to her time as France's finance minister." Would a man so convicted still be in post?
I don't care what age/colour/sex they are as long as they are good at the job. Amanda has been CEO since 6 July 2020 when the share price was 368p; three and a half years later it sits at 417p.
Make your own judgements. AceOfClubs
Sorry, but when people start judging a CEO's performance based on their gender I feel compelled to put my pennyworth in
Likewise, added.
… wish folk who wanted to debate woke/anti-woke (sleepy?) positions would keep it to facebook, x, tinder or just anywhere else.
blanc’s a way better CEO than AV has had for many years, has slimmed and focused the biz effectively imv.
I've been adding here. Contrary to a lot of people commenting, I'm very happy to invest in an organisation described as "woke". This to me just means that the CEO has an awareness of the world we live in, values human capital and is kicking back against the old boys club that has been stuffing their pockets and periodically crashing the markets for the last 50 years. As Christine Lagarde said, if it had been Lehman Sisters rather than Lehman Brothers, maybe that particular institution would still be around!
No, it would seem that "most men" are women in drag who are afraid of any woman in a senior executive role (because she just might show them up).
Amanda quickly and successfully oversaw the downsizing of AV's problematic overseas businesses and has proceeded to expand AV's "capital-light" business despite the socio/geo-political backdrop (she's had to cope with the impact of Covid, the war in Ukraine, Truss-enomics, spiralling inflation and zero growth, if not recession).
In the circumstances, I think that Amanda has done extremely well but for some men (who feel that their own masculinity is being threatened) it seems to never be enough (even if a male CEO could have done no better) and remain totally oblivious to the socio/geo-polictical backdrop.
"or get some real cajones like Amanda"
Oh dear! Is our Mandy really a man in a skirt and a blonde wig?
AceOfClubs
Depressing really :-( as soon as it reaches 440-450 (dividend or not) I am out, a thought shared by many in this space IMO :-(
Whilst back in the real world AV's acquisition of AIG Life has been referred to the CMA and all of its peer insurers seem to be in the same boat at the moment (a sea or red). I suggest that all the anti-wokists just keep their trousers on or get some real cajones like Amanda (who has to deal with your drivel day in day out)!
"Will this help push this woke company over the 440 mark....?"
Agree!
I've been selling positions with AV.
Sold 80pc with highest @ 439.30p & lowest set sell 427.30p
The CEO is a woke mouth piece & quite frankly she could seriously damage investment decisions.
gla
Big insurance buys insurance to mitigate disasters etc