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if any sp , it will be paid in 2022 .
A special divi will reduce the share price on ex Divi day by a simi6 amount just like a normal Divi.
The last share buy back was a disaster. The pi’s never see the benefit. Fingers crossed for a special Divi.
in 2019 tsco never costed 396p !!!!!!!!!!!!!!!!!!!!!!
Havin g just come thru the TSCO debarcle regards SD and consol, I am feeling bruised and hence may not fancy another kicking. TSCO gave SD of 51p (approx 20% of the SP value at the time) and then clawed back 25% of everyones holding by 25% in an attempt to stop the share price declining EXD by 51p. What a **** up !! BB is full of disheartened investors as not many felt the trousering of the SD, and the SP has fallen from its jan high of 260p (approx) to 220p,a nd languishes. After buying i10k of shares in 2019 at average of 396p I have only just recoved my investment sum, and the divi suspension in 2020 didnt help! So I would hate AV to give up all its gains, but I am encouraged by the "substantial retrurn to shareholders" statement and so will hold a bit longer, hopefully it wont do a Thomas the Tank engine and run out of steam before I can act!!
I'd love the board to return some money to shareholders but not by share buyback which I've never seen have a lasting positive impact on a share price.
Payment by way of an increased divi or special divi would be most welcome however!
Hi Benrith .Just hope they dont return cash to shareholders, normally reduces the shareprice by the amount taken out of the company so shareholders are st best no worse off. Would rather they invest the cash to grow the company or share buy back. As long as they dont make a ball5 up of it like Mark Wilson.
Jake - I work for Aviva and they have already closed the 2 offices that I work in to bring everyone together into 1 office so this is progressing.
What credibility do HL have after the Woodford scandal!
"Aviva's ace in the hole strategically is that it's ahead of the game in digitisation"
Not in my experience. I am an Aviva customer and compared to all other platforms I have investments Aviva are way behind. This is probably due to the fact that they no doubt still have legacy systems from all the mergers and takeovers though the years. The amount of times I've tried to do things on line I've lost count of.
On a positive the slimming down if the company and concentration on the markets they understand will in my view push the share price on. If Aviva invest heavily in IT , particularly with the new homeworking there could be significant savings on office space. AIMO DYOR.
Aviva had a relatively successful 2020. Operating profits for the full year were well ahead of market expectations, and it's also made significant headway on its restructuring.
The planned sale of the French and Italian businesses will leave the group below its target on debt and well above its target on capital. With plans to increase the dividend slowly, that leaves some questions about what the group plans to do with all the extra capital.
We wouldn't rule out share buybacks, especially as the prospective dividend is already pretty chunky at 6.1%. However, a better use of the capital might be to fund future growth
In particular Aviva's bulk annuity business, where Aviva takes on final salary commitments from pensions funds, has grown rapidly with sales of £6bn in 2020 up 48% year-on-year. These contracts see significant quantities of new assets into the business which can be managed by Aviva Investors - increasing scale and profitability in a less capital intensive part of the business. However each new insurance contract requires underwriting with some of Aviva's own capital, making expansion expensive.
There are signs of improvement elsewhere in eth business too.
Underwriting had improved in the General Insurance business, with premiums and customer numbers holding up well through the pandemic. Meanwhile the defined contribution Workplace pension platform is showing steady growth in assets, supported by the introduction of auto-enrolment. It's a similar story in Aviva's platform for financial advisers, where the group now has a 14% share of market wide adviser flows.
However, Aviva's ace in the hole strategically is that it's ahead of the game in digitisation. So far it's not easy to see the benefits - although it may go some way to explaining the group's relatively resilient lockdown performance. In time automating a larger proportion of the client journey should deliver cost savings and could improve cross-selling.
Overall we think 2020 has been a year of significant progress a Aviva, and recently installed CEO Amanda Blanc seems to be making headway where her predecessors struggled. With much of the strategic reshuffle now nearing completion the focus turns to improving performance in the core businesses. In what has been a tough year for the market in general, early signs look promising.