Member Info for Davesgold

I am nervous about holding these for the longer term because of the uncertainty and Avivas previous actions regarding the shares .

Under current regulation the preference shares will no longer count as regulatory capital in 2026. Aviva will work towards obtaining regulatory approval for the preference shares, or a suitable substitute, to qualify as capital from 2026 onwards. If as we approach 2026 Aviva needs to reconsider this position, it will do so after taking into account the fair market value of the preference shares at that time.

Any idea why the AV.A Pref share has fallen by over 4% so far today ?

The ex dividend date is 18 May with a payment of 1.425 p per share. I am not particularly happy with the deal on offer but I suspect it will go through

I think there are some positives in the RNS but I have sold my holding today. I saw this as a long term investment for me as part of my income portfolio but being slightly risk averse, I will watch this one from the sidelines as there are other opportunities elsewhere .

Does anyone have any idea as to why the price has dropped today? I haven’t found any news etc and I am considering topping up. Thanks

I emailed the company and this was included within the answer: The Redemption Price per share will be equal to the aggregate cash received by the Company upon the realisation of the Redemption Pool (which is based upon the Net Asset Value of ICGF at 31 December 2021) less the Exit Discount of 6% divided by the aggregate number of Redemption Shares.
I don’t believe it clearly answers your question but it may be worth contacting them direct .

The company are offering a share redemption at an exit discount of 6% on 31/12. My belief is that it would be in my interests not to accept their offer as hopefully share value will increase post this action. I would welcome a more expert view .

I would be grateful if someone would explain the RNS today regarding the notification which appears to have had an impact on the share price . Thanks

Essentially the article promotes the idea of investing in companies when their directors invest which the CEO has done recently , it also talks about other big investors in the company . The article speculates that the forecasted value of developments is greater than the value of the shares and that it’s worth investing for the longer term.

Shareholders have been offered the chance to buy additional shares at 1.09 (closing price today 1.13) . I wondered what the view was on taking up the offer ? I am holding off for a few days to see how the share price moves .

For better or worse I have just sold, taking a profit of 40% on my original investment. Articles in Money Week and Investors Chronicle aren’t that positive about what is proposed and my rough calculations on dilution didn’t show a great upside . On to the next one , City Pub Group are well tipped so I may say in this sector .

Thanks for the replies . The offer came via my AJBell account with a price of 2.10 and advised there would be further details in due course . I am likely to take up the offer if the price benefits me relative to the decrease in the current value of shares due to more being issued .

I am new to this game and I have just received notification of M&Bs open offer to buy more shares . Their action presumably will dilute the value of my current holding but will I gain by buying more shares at the £2.10 option price ? Advice appreciated .