Member Info for 1.ARMANI

Hi scie, thank you for your courteous reply.

I can follow your thoughts regarding NU or CU having not entered the taken-over policies onto their computer system with the original charging structure.

"3 years worth of premiums paid doesn't feel minor"

I totally agree with you & that's what set off my initial alarm bells 03:30 post.

Having searched around, 40 mins later found an old Times article ''Aviva admits it overcharged 50,000 customers"

All be it, an average of 100 pounds which is a storm in a teacup. (minor provision)

Once again many thanks for your reply

I will continue to BUY/ADD on the dips

gla

LONDON, June 30 (Reuters) - Banks and building societies in Britain can offer mortgage customers options to ease the pain of rising interest rates, the Financial Conduct Authority (FCA) said on Friday.

"Lenders will be able to offer borrowers a switch to interest-only payments for six months, an extension to their mortgage term to reduce their monthly payments, with the option to switch back within six months. Both can now be offered without an affordability check," the FCA said in a statement. (Reporting by Huw Jones; Editing by Susan Fenton)

All helps, if & when scenario in place.

gla

Typo 29 June 15:31

MBODS.

scie posted 29 un 15:31

My post today 03:30 to scie

My post 04:21 "Found this link" relevant to poster scie

Awaiting poster scie reply.

My post 08:05

HSBC raises Aviva to 'buy' - price target 480 pence

Broker opinion, cut & paste this morning from share news today.

Whether I do or do not believe broker upgrades or downgrades is my business.

I hope your day improves...that aside stop trolling me!

Do you???

HSBC raises Aviva to 'buy' - price target 480 pence

Best you have a read!!

Found this link.

https://www.thetimes.co.uk/article/aviva-admits-it-overcharged-50-000-customers-zjjrd0jjv

"For one of our own long-term (very long) life policies, hubby has just had a refund letter equating to nearly 3 years worth of premiums, letter saying it's to do with charges taken too high over several years."

Hi scie,

When researching, do you know the provision that AV has set aside?

After all the banking ppi, I'm slightly concerned that AVIVA has got their act together!!!

If AVIVA has known since 2007 and highlighted 2014-2018, it's either minor in the scale of things or time to pull all bonus structures until a line in the sand.

Many thanks for sharing.

ATB

Adding/drip buy the dips.

I've several positions in the 400's & and added more positions 390's, 380's

Chart showing 371.32p if further inflationary pressure.

2023 Forward EPS 53p

2024 Forward EPS 61p

2025 Forward EPS 69p

DYOR

gla

"these will see the previous lows of 270 again"

Then take a short position OR continue pushing your tea trolley!

zzzzzzzz

The market isn't impressed ......down 2% & as always the market knew, ahead of today's RNS (sheds some light on the recent 4% retracement)

ATB

Thanks for the article. Bookmarked for future reference.

Adding on market volatility.

Three years of forward dividends re-invested, take 100p off today's close.

gla

It seems we're slightly out of favor, I wouldn't be surprised if we enter the 2100 range over the coming weeks. ...hope I'm wrong!

I'm holding back from adding more if we test the recent lows.

ATB

Calling Glencore’s debt investment as “eleventh-hour reprieve”, analysts say the group will be able to tide over the ongoing crisis. “We remain aware of refinancing risk on VRL’s $4.1-billion debts due in FY24, for which VRL will likely have to rely heavily on external fundraising for a $2.1-billion refinancing and an additional $950 million to plug a funding gap. At this point, we would still lean towards VRL being successful at tying up its $2.1-billion fundraising, given VRL’s recent debt reductions, fresh fundraising efforts and that we think various alternative funding channels remain open for VRL like share pledges and some dividend upstreaming,” said Lakshmanan, a senior analyst with CreditSights.

//www.business-standard.com/companies/news/mining-giant-glencore-lends-250-million-to-rival-vedanta-resources-123053000346_1.html

gla

Back into SHEL ....BUY triggered @ 2235p. Very happy with my first entry price.

gla

Lower household energy bills.

In the UK, regulator Ofgem is lowering its energy price cap from the current GBP3,280 per year to GBP2,074 for the average household in England, Wales and Scotland, effective from July 1. Ofgem said the GBP1,206 reduction to the cap reflected recent falls in wholesale energy prices.

The lower cap will replace the UK government's Energy Price Guarantee, which currently limits the typical household energy bill to around GBP2,500. It means the average household will see their annual bill drop by GBP426.

Every little helps the average household!

Wednesday was certainly a rocky day for Insurance Investment, House Builders, and Mining companies blah blah.

Touched 398p.

Next major support or gap fill 380.40p ......... we've just had the 20.7p div.

I will continue to drip BUY

gla

"Aviva a capital destructive dog. Has lost half its value since 2007 and 22pc since Andy briggs left. Will follow the likes of abrdn and Phnx down the toilet."

Porsche, I've read many of your negative posts regarding FTSE 100 companies.

Some of your observations are correct.....but you assume that every private investor is like a deer/rabbit caught in the headlights!

Many investors throughout the financial year take profits/chips off the table....... giving a lower average OR patiently waiting for a re-entry price.

Markets work both ways, Long/Short...... I'd have more respect for you if you said ... "Porsche1946 has taken out various short positions with all these capital destructive FTSE100 companies"

Please post your short trades...ATB

BTW

More theft plans by the inept politico Tory/Lab ... both are Shil puppets!

LONDON, May 24 (Reuters) - Aviva (AV.L) is opposing a UK proposal to force pension funds to back more British start-ups in a bid to keep London competitive with rival finance hubs like New York, the CEO of the FTSE 100 firm told Reuters on Wednesday.

British officials are drawing up a blueprint for a proposed 50 billion pound ($63 billion) 'Future Growth Fund' for local start-ups, which could be supported by a government mandate for pension funds to invest a proportion of their funds.

"We're big supporters of investing in the UK... However, we are not supportive of a mandated participation," CEO Amanda Blanc said. "We do not feel that creating a complex and bureaucratic fund... is the right way forward at all."

Blanc's comments come after the insurer and asset manager reported mixed first quarter trading - sending shares down 5%.

ATB