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Very long and complex to explain but big insurance companies like Aviva sometimes make money from bad weather i kown its sound daft but its a very smilar to hedgeing like the bookies do but far more complicated and more risky but the big companies tend to do ok at it
No mention as yet.
Who’s to optimist Now…?
Of course not,just the reverse.
While we are on the good news train:
Jefferies raises Aviva price target to 490 (480) pence - 'buy'
Will it help push this woke company over the 440 mark…..?
All, Frustrating share indeed !! Wonder is a bid well and truly dead for now ? Acquisition by another insurer which has multiple growth markets already and could provide Aviva with economies of scale and more diversity in UK/Ireland and Canada would be a massive positive, but maybe too optimistic for now !!
Jan 30, 2024
Aviva plc (AV) received a Buy rating by 0.9 Star analyst Louise Miles from Morgan Stanley Jan 30, 2024…£4.90 reiterated.
Maybe it was the buy rating by a 0.9 Star analyst….?
To be fair over the last few months this dog of a share has been rebuilding very well from 3.66.
As I said, a great trading stock…Others love the dividend and will just keep forever watching move up and down.
It’s good to make your own decision on what fits with you.
Why this change of direction, is it because of the IMF comment? every small fart on the market is driving this share down!
Agreed. We hit the magical 440 then collapse 1.6% in a matter of a few hours!!!
Somebody want to keep the lid on it.
For me it’s a big old sell signal, it is a great stock to trade….Predictable, Sell on any peaks, Aviva never holds it’s uplift price for long.
It’s always best to make your own decisions…
Well here we are again testing 440, each time we seem to get there we retrace from it. Let’s hope this time we can push through. Onwards and upwards…
Expecting a rise to £4.65 ish when interest rates start to decline. Doesn't matter if it starts in Q2 or Q3, just so long as it does. I'd like to see £5 in early 2026, and be content with the 2024 and 2025 dividends. GL.
It's a while back now, but I seem to think that the sp was reduced from 577 to 438 on the day. In which case the rise since then would be a %age increase of 577 had the exercise not taken place. The cash bonus was c.£100 which could be used to buy the shares at the new lower price if you wished.
That's my recollection, please correct me if you know different!
Point taken AllAt but Buy Back= less shares for same NAV surely so should be further improvement of the SP as against a pure straight comparison?
Warthog4, I do hope you have allowed for the adjusted share price under the buy-back scheme?
You cannot do a comparison otherwise.
In any case this share has been an excellent candidate for trading over those years!
Ace-probably why the SP struggles to maintain any momentum-it now stands at almost exactly where it was 10 years ago.
If it had followed the FTSE100 we should now be at around £4.80
Following the mass cull of businesses and return of capital I have always thought AVIVA would be a no growth company. Past growth efforts were always built on acquisitions - Friends Life? Unfortunately the company could never generate organic growth. Cutting back to the UK/Ireland & Canada leaves AVIVA represented in only one growth market, Canada, and Canada has some very competitive domestic insurers. AVIVA appears to be only in the general insurance side in Canada, not Life/Pensions.
Where is the growth to come from? The UK is a very competitive market in the Life/Pensions area and AVIVA Investors has such a poor record of managing the huge funds under management.
AceOfClubs
I have two tranches of Aviva. I bought one tranche last week at 4.23 and sold yesterday at 4.36. As I write they are dropping back and will have a look again if they head back toward the 4.25 mark. Any thoughts on how the weather storms might impact on the share price?
Yep no adrenaline shortage with Aviva ...
I am wondering how many peeps have sell orders at 440-450s :-(
Yep but anytime we get anywhere near 440 the SP breaks wind and falters. Perhaps this flatulence might diminish as we approach ex-div day?
It has been 10 months since we last saw the share price at 440p or higher. It used to be what I considered the fair average for Aviva shares, I always saw the fair range bouncing between 415p and 465p.
The share price absolutely does deserve to be above 440p, Aviva are performing excellent and the dividends are fantastic here.
No idea where the share price is heading but glad it’s at a decent level again.
Apologies taskmaster.
Re "but it's pretty low-level stuff "
But it ISN'T low level. Whilst the BBC et al love to highlight 'high level' swindlers, the cost to the country is far far greater when the masses of this country and now the world, float in to claim benefits or swindle and use the system to better their lot in life at the cost of those working full time to fund them all.
When those claiming were a lower number, the economy could cope, but now with an endless number with shame now gone, and to declare yourself in poverty acceptable more and more are jumping on the bandwagon and ironically because if you work only 20hrs a week you get your rent and council tax fully or almost so paid, you then get thousands a year in universal credits to replace the old working tax credit and child tax credit, you don't need to pay for dental care, nor prescriptions, they get extra help with food, and energy costs, free school uniforms, and transportation costs to school, and have HALF the week off to work cash in hand, sell dope or just have a pleasant life.
Problem is they won't work more hours as their benefits and rent etc are cut pound for pound, so HMG then allow in more imms to fill the jobs shortage, BUT they need a home, education, healthcare and earn little so are a negative cost.
Far better to make those here work full time, and cut benefits to the bone to stop the worlds chancers copying as they rarely come here for our weather.
Whilst many work, time a house is supplied adding to loss of countryside, it would be far more beneficial to ensure that all our own people work, as THEY are here anyway, and are our responsibility not so the worlds flotsam.
' I know someone claiming PIP care and mobility and they walk their two big dogs each day, he’s always washing his car, it’s just totally abused by those who want a free ride.'
CJ39 - have you reported this person ?
When I read 'PIP Claims' I did think it was insurance, but then I read the article and it was quite obvious what the topic was about.
Of course the tabloid are always banging on about benefit cheats, have been for nearly a century. No doubt the system can be abused, but it's pretty low-level stuff compared to, for example, Baroness Mone and other accomplices of our government.