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Any thoughts on why AV seems only be seen in same light as banks when bad news takes us down. Banks well up today but AV stuck some way behind.
I’m going for £3.50 at year end and £4.50 by June 2021. Plus the 14p divi in March / April. Ok I have started my Christmas party early !!
Clearly the BOD are incentivised to stack up cash, pay down debt, keep their heads down and put two fingers up to the people who actually own the business. There is nowhere for these charlatans to hide. They scrapped the agreed divi because they were weak, unlike L&G, but still made the profit levels that could have covered it. They should hang their heads in shame. 6p does wash when it should have been 21p. 2020/21 is a different year and nothing being paid justifies not paying what is owed. If we get above 3.30 I think I’ll be on my way. It’s a shame because the right team could make AV work for all.
Unfortunately that is old news as the dividend was restarted with the 6p 2nd interim payment so they can stuff their noses in the trough if Amanda let’s them!
Thursday should clarify things or the flow out of AV into more exciting shares will pick up.
AV was a decent holder of RSA stock but the market has pretty much ignored this. Indonesia completes and this is ignored as well. Billions due to flow in from Singapore followed by France and Italy. Yet 5.8 PE to L&G at 12.6. This has to come good soon.
They are a fringe player only with limited exposure. They have also set aside over £180 million to cover maximum likely payout.
Where did you find dividend news? No information expected before 26th with Q3 results.
In the list of UK 200 top companies AV PE of 5 is lowest in the full list. This is ridiculous even with the disappointing BOD. In any normal world some smart eyed outfit would buy and chop it up selling to the likes of the RSA suitors.
Maybe AB’s approach of selling off Asia, France, etc will give existing shareholders the value of the parts rather than see the benefits disappear into the pockets of some break up artists following a takeover. I’m giving her the benefit of the doubt for a few more months despite the current discomfort.
How about 55% less than the sum of the parts. In fact it’s even more of a discount based on what they got for Singapore.
Load up. I think it’s time to raid the other savings pots to go in even deeper.
Very limited exposure apparently. It’s not a market that they were too heavily into.
They’ve also got a fair bit put by to cover what might be due.
I think it could go either way and my money is on it happening. Either way I’m staying put. Don’t need to do anything before mid 2024 so should pocket a few divis before then.
There’s a divi coming this year to finish off 2019/2020. The final was pulled in April after Bank of England pressure and only a 6p 2nd interim paid in Sept. We have been promised that a final payment decision will be made in 3rd quarter (Oct, Nov, Dec).
There is no excuse for not paying balance of 15p still owing. Maybe wishful thinking but AB has declared that she will sort this Company out at Pace. She has the money so needs to back up words with action.
Thank you Allatsea. Clearly the Shut TFU brigade either have little real skin in the game or are happy being taken for fools by the over paid BOD whose underperformance costs them nothing.
Good question. How about hiring financial PR firm to drip feed non sensitive business news from the countries currently up for sale. With the premium apparently received for Singapore what about highlighting the real value of the French, Italian and Polish businesses. With AV shares trading at roughly half asset value this might show investors where the shares should be. Only an idea but possibly worth a shot. Also maybe hire a non exec with value improvement experience.
Another day for L&G up 1.8% while AV down again. What is going on? Might be time to switch.
Yes the market was down today but AV have discovered their own level of management incompetence. News today about more non execs joining with their noses in the trough. At least one old boy insider. How about they hire someone to manage financial PR. L&G down 0.7% AV down 2.7%. They clearly need some more incentive shares.
I didn’t read the whole thing but I still feel they should not be benefiting from an underperforming business. If they all did what they are paid for we wouldn’t be looking at shares at this level. Also 0.3% might not be significant to some but it is on my holding.
So 9.5 million new shares being issued to allow av to incentivise the management for doing a good job. What a joke. If they did a job better than the one they are getting paid to do that would be worth an incentive but that is not the case. They effectively halve the value of the business then get a bonus for trying to put that right (and failing). Show us how good you are first please.
Interesting distraction from AV .