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SP currently working for me. Have taken out enough to fill up ISA for me and the wife. Need it to stay down until tomorrow morning so I’ve got out and back in and pretty much covered the costs. From now on SP can head off towards £5 please.
SLove you are spot on. You’ve identified one of the biggest frustrations here. It feels as though the ducks are lining up for some decent cash returns either specials or share buybacks or both. Broker sentiment is shifting so it may not be long before faith is reciprocated.
JP Morgan goes overweight with target price of £5.10. Starting to reflect more realistic valuation.
It can’t all be divi chasing as much of the market is up by similar amount! Hopefully there’ll be more before 8th so will only retrench above £4.
Polish sale back in the news today at in excess of 3.5 Billion Euros which should help get this back over £4 and maybe move on up from there. The FTSE100 is currently well down due to the Suez Canal blockage impact on oil prices. This will be fixed so expect more upward movement soon.
Also check out Lloyds and Legal & General as the both had very large UT sales yesterday. AV did comparatively well last week not retreating as much as others.
This is AV buying back its debt. They have received offers for £2 Billion although the planned to redeem under £1 Billion. They have therefore accepted a total of £1 Billion at this stage with a plan for £1.7Billion in the first 6 months of this year. Hope this explanation helps?
Trouble is SP was £3 in June and twice more in 2020 before trickling down to £2.56 in November. I don’t think many of us like the SP treading water when it should logically be working its way up above £4. It’s a bit of an enigma but certainly worth sticking with but maybe not checking SP for a few weeks!
Just seen L&G results and they really show how undervalued Aviva still is. I’ve not been alone in being critical of AV directors and have looked enviously at the positive comments that L&G has received. However today I feel we’ve been unfair. AV has significantly outperformed L&G and has the balance sheet to prove it. Our day will surely come sooner rather than later IMO.
She’s done a fantastic job so I echo the well done.
IMO you should sit tight. We may have had a few downs but the overall direction is up. We’ve all taken a hit this week but with over £6 Billion coming in to a business with a market cap of £13 Billion and a PE of 6 the upside should be worth waiting for.
IMHO it is unlikely AV uk will be inheriting an open ended risk with the GT issue. These guys are are in the risk assessment business and aren’t bad at it. GT was ring fenced while AV France was responsible so why would any right minded CEO take a short term gain that leaves AV UK overly exposed. Let’s she what she says on 4th March.
We almost were back to Monday a bit earlier. Just took advantage and added some more. There is a breakout coming we just need a little faith.
The 14p was a prediction by Aviva in November . Unlikely to be less.
I’m staying with it and topped up with last Divi. Everything is volatile at the moment but AV should bounce by mid Feb as the bidders for France, Poland and Italy get over the deadline date.
I’m with HL and got mine on day one and bought straight back in. I assume you realise that you have to go in and transfer it to your trading account as soon as it arrives. Never had an issue with them.
Got mine and reinvested. Will be sitting tight ready for next one. A bit of decent upward SP movement would be very welcome.
That would be nice. Let’s have some communication on where they are on the disposals. Singapore cash should finally be in this month and French news leaking on Friday but no uk confirmation. We should be well up today.
Over 39 million shares traded yesterday which is more than 3 times average day. Two buys of 16 million shares each. Is there something going on?
Aviva has clearly stated that they made provisions for £180 million if everything covered was claimed. As one of 60 insurers involved I very much doubt there are too many surprises here.
Clearly the BOD have let us down but we’ve known for a fair while that they are a weak bunch who are simply filling up their wallets while waiting to be pensioned off. Ultimately the business has a lot of cash and will be getting a lot more once all the sales are completed. This has to get reflected in the SP eventually. Even the most incompetent team can’t make a pound worth only 50p. They have tried but they’re clearly not bright enough so here’s to a PE closer to that of L&G during 2021.