Aviva Share Price (AV.)

I am telling you - investors are the most fickle I have ever seen in my life! And this share exemplifies the innate inability of investors to read both sides of the argument and conclude that this piece of news is innately and 100% positive. On another point, I'm not so sure that much is going to change in terms of how this company operates - its so large and unwieldy and makes a lot of money - a big shakeup could cost a fortune and generate very little in return. This is not a Centrica - its a well run company making loads of money... just keep doing what its doing is more than good enough for me.

Its so strange, crazy market reaction. Top up and wait for the rise.

The company announces it has decided to hang on to a profitable subsidiary and the SP finishes up top of the Losers Board.
If they had sold it would have increased their massive cash pile but no doubt the market would still have marked down the SP.
Sheer lunacy.

Aviva confirmed that it had sought bid for the Singapore business following a thorough review of its options, but added that it now believed holding on to the subsidiary would ensure the best value for shareholders.

The Chinese joint-venture will also be retained due to the scale of the market, excellent relationship with its partner COFCO and high growth prospects.

The company said: "Aviva's Singapore and China business units delivered double digit operating profit growth in 2018 and are earning attractive returns. Both countries are expected to pay dividends to group centre in 2019."

Yes AllAtSea - I get what you are saying.... but its not as if Aviva ever had to put anything up for sale. It seems that shareholders are desperate to push management into doing something that is not needed and that would be destructive of longer term shareholder value... I would like to see the supposed rationale for backing out of a sale or for that matter the supposed rationale for ever putting the business up for sale....