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I have cash waiting for a home. Must curb my impatience, Doctor.
Oiled Up…….”the big money is not in the buying and selling, it’s in the waiting”……..Charlie Munger
Oiled-up, a tricky timing issue...it may well reach £5 and may well fall back after ex div or generally)...but also, I am almost certain it will go above £5 as and when interest rates really start falling.
Could go well or one could miss the boat...I am also thinking about it 😀
Confirmation by RNS of more buy backs
AbjectPerformer:
Trading Aviva from 265 in covid , made far more from trading Aviva than just holding for the dividend, in some cases I have stayed in for the dividend but still traded.
Its worked very well for me , so far.
So yes, I do think short term with Aviva.
Remember this was 365 just a few months ago from 467, the difference is over three years dividends in a few months.
Trading shares with a good dividend removes some of the risk, if you get stuck with them at least you have a good dividend while you wait for the stock to recover. Glencore, 475 to 365 . BP 550 to 450, are other examples of good trades in the last few months with the support of a good dividend if you get things wrong. A few exceptions like RR I would not sell, but there’s not many of them.
Not everyone likes to trade , with the research , Charts, etc…some just want to “bung it in a company” and hope for the best , watching the frustration of the snakes & Ladders show every day but happy with the 8% a year.
So short term thinking with Aviva, but with a reason.
Personal choice really.
Do you think this momentum will carry on after the incentive of the dividend and the 300 million buybacks have stopped ?
Oiled up that’s a very short term view you have
The FTSE has a part to play in this too, I’m anticipating Aviva to touch £5 before XD, depending on market conditions.
Then I need to decide to sell before XD if it does reach £5.
My feeling is after the buyback which is propping up the price daily , the dividend which is the incentive until XD day, what is there to keep this stock past the XD day…? The 8% +or- div, for the full year will disappear in a few days of 2p here & 4p there…
Or just keep and hope for the best.
I guess some will think it’s a great company with many of it’s ducks in row, which it is, the dividend is great, but I’m questioning the ability of this stock to hold it’s price ? Which after the 300 million buyback is spent and those shares are taken out of the market , will it hold @£5…?
480p is proving something of a resistance point after a brief visit to 485 with 15 more business days still to go before ex-div.
However as we have not been at this level since June 2018 possibly too much to expect any further significant increase.
Ap
''Should I let my divi reinvest if it’s at this price ?
I feel it’s a bit high now''
Aviva continuing having them purchased for cancellation.
Hi AbjectPerformer.
I've decided to re-invest my dividends this year. The management appear to be delivering and the share price looks solid. Famous last words!
AbjectPerformer, just my personal thoughts, I would say no, but this may be at a lot lower price after exdiv and before reinvestment time
Can anyone advise to their best ability / crystal ball
Should I let my divi reinvest if it’s at this price ?
I feel it’s a bit high now
I hold my shares in an ISA so no tax
The dividend is taxable as income tax, if you sell before XD then that is part of your capital gain calculation….the taxation of CGT is more favourable than income for most investors.
If you sell the shares the day before they go ex-d you get the money immediately instead of having to wait for the payout. Working on the assumption the shares will drop by at least the size of the dividend, this is the better strategy. The assumption that the sp will drop by at least the size of the dividend is cannot be relied on IME. Other factors mean it might not drop at all.
Most shares tend to drop by at least the size of the dividend paid on ex dividend date, so to answer your question, you will probably be worst off after factoring in charges.
Would it be a good idea to sell after the ex dividend date and move into L&G to also receive L&G dividend as they dont go ex dividend till the 25th of April
Glad I topped up on the recent takeover speculation. Looks like we may get to a fiver organically. I am more than happy to take both the capital increase and the decent dividend which I reinvest for compound value growth.
I have about 1300 shares, wish I had bought another 250 earlier this year, although my buys are 400-430p
Can't disagree with one of the respondents to that Twitter/X ad:
"Motor Insurance is compulsory in the U.K. .. no way should insurers be allowed to profit from this mandated 3rd party cover .. shameful that you are rocketing prices ( claiming high repair costs) and yet continue to post record profits .."
...we are going to see profit-taking. You don't have to be a prophet (get it?) to reckon on a whisker over or under £5 before it starts and, of course, receipt of outstanding divi. Long-termers will just tuck away - after all, a safe and healthy divi alone is worth holding when interest rates are going to fall and make your (and my) shares arguably even more sought after.
So is the answer just a 'cream off'? My view is possibly, dependant on how heavily our p/fs are dependant on AV and how good we are at finding alternatives. I am not rushing!
Many PIs engage with the stock market, and do research, using social media platforms like Twitter, so why not spend a little in advertising to get the message out?
Quite a canny move, imo.
It's just a shame they are putting money into the pocket of Elno :(
I would not suggest that AB is courting a takeover, far from it, but she is best placed to be aware of any such danger. Boosting the share price would make Aviva a harder fish to swallow. And why not on X formerly twitter? Make the b*ggers pay what its worth.
Strange though. I saw it as an advert/promoted tweet. They are still running it and have had 1.1m+ views. Wonder if it's more effective than a share buyback...
"When youve got it flaunt it"