Member Info for AllAtSea

Https://citywire.com/investment-trust-insider/news/massive-loss-for-allianz-as-equity-growth-fund-head-winkelmann-leaves/a2428065

Up is fine by me ;-)

Freed up some cash and put this on my shopping list for when it drops again. Must be 400 or less, please.

Dr Patience, thank you for posting the takeover code clauses. I see your point, but the wording is sufficiently imprecise to be only moderately useful. Plenty of leeway for the lawyers.

The fact is that AV. has a pile of cash, which is of course attractive, but how a predator can reach it with impunity is another matter.

Why would AV. issue an RNS in response to a rumour of that sort?

If the rumour was libellous or defamatory or damaging to the firm's reputation then maybe, but all this rumour did was ramp the share price.

Bought back my chunk at 400, ready for the next rumour.

Https://www.theguardian.com/business/2023/oct/06/aviva-takeover-amanda-blanc?CMP=Share_iOSApp_Other

Aviva doesn’t need a rescue plan!

I believe them and sold a chunk of my holdings earlier. I will hold cash and may buy back later today or next week, or..

Interesting.

I have more invested in AV. than any other stock; my only wish is to see the share price rise. Since the bizarre buy-back scheme I am about 33% in profit due to trading. It's been so reliable: if it went up I knew it would go down; if it had gone down it would inevitably rise, phoenix like. Now what?

This year I have been trading POLR and made profits by being patient. Same goes for other value stocks. It's not easy to make money on the FTSE these days!

Seems a good bet at 740

I'm going after the 'idiots' ;-)

Not a HNW individual me, but I did have a pension policy with EL before they went belly up. As a result of compensation I lost nothing and in fact did quite well, since I got two lots and the second arrived when it was a buyer's market for equities if you had cash.

It's a no-brainer not to put too much in one company though, isn't it? There are plenty other fish in the sea and I have a dozen stocks, cash and savings in a fund. Sadly it's all GBP valuations.

Took some profits from elsewhere to buy more of these. The dividend declaration is due soon so could be some upside later on this month.

Even stevens

That was boring.

Apparently there's a bit of an economic crisis in China. This is hammering a lot of stocks but insurers are said to be a defensive play, believe it or not.

I now have one stock in profit (Haleon) out of over a dozen. I mean, come on guys.. get it sorted.

Apparently AV. has been one of the FTSE's better performers in the last week.

Anyway, I bought a few more yesterday with dividends from elsewhere. A bit of a rise before the 24th would be nice.

I'll bring this when departing from his last employer:

"It has been an honour to lead Asco during the past five years. I am grateful to all of my colleagues who have worked tirelessly through challenging times such as the pandemic to deliver positive growth.”

..

"Asco employs about 1,500 people in operations spanning more than 60 locations around the world. The firm is owned by a consortium of investors, trading as Zander Topco. Its last published accounts show turnover for the 2021 calendar year came in at £419 million, up £72m, or nearly 21%, from about £347m in the previous 12 months."

..to the party .

https://www.pressandjournal.co.uk/fp/business/5987020/exclusive-aberdeen-firm-asco-announces-change-at-the-top/

Sounds hopeful.

Did he say which year?

Late last century was when I started investing in AV. at the time they started gobbling up other insurers and had Bob Scott in charge. It was too much too fast and the company became a dog's dinner but not before I got lured in and bought stocks at silly prices. The company was getting too close to RBS as a bancassurer IMO when Scott left to become a senior director at the bank. Luckily the link was not strong enough to pull AV. down when RBS was scuppered by its crazy attempt to buy ABN AMro. Goodwin took the hit altho Scott got burned for awarding him a huge payoff.

I think there are still a lot of people with long memories of AV. and the people who have influenced it in the past, maybe still do.

https://www.thisismoney.co.uk/money/article-1185113/Yell-chairman-Bob-Scott-quitting-RBS-pay-row.html