Member Info for drunkensod

£630m bought-back so far, leaving just £120m to go. If Aviva continue do a below-average £6m per day then we'll be done in just 20 trading days; well before end of Jan, let alone Feb.
Current ave. buyback on my spreadsheet shows £4.0047

The 'Total Voting Rights' RNS's issued at the end of each month have shown a decreasing number of shares in issue, so I believe these are not being held on account by Aviva and awaiting cancellation, but instead are being cancelled with each tranche purchased. I think there is a delay between the buyback to the shares then being cancelled which is what may make folks think they are being held on account, but I believe this is not the case.

Updates due out later this week on performance and progress during the most recent quarter. Wonder if we'll get any more indications on the "return to shareholders"?
Personally I don't think any Special Divi is priced in to the current share price (if there's a Special...), nor is the buyback or EPS. It's a strange ol' market right now. I was sceptical of Aviva selling off so many overseas businesses since Amanda took over, but it's done and is now in the past. I just feel the possible short term value is not reflected in current SP.
Will be interesting to hear what they have to say for themselves on Thursday.

Crossed the 50% threshold with Wednesday's buys. At this rate Aviva will be through the full £750m a month early by mid-January instead of the anticipated mid-Feb in the RNS announcements.

Including yesterday's (13th Oct) numbers....
73,567,224 shares bought under the buyback for £299,187,129 = 406.69p ave price paid

Just short of £172k worth of buy backs to date. Yesterday was the biggest £-worth so far at nearly £9.5m bought and cancelled.

Selling GI would feel like hollowing the business from the core. The silver is sold, that'd be selling the soft furnishings and decor!

For those interested, as of yesterday's RNS, Aviva have completed £91.5m of the "up-to-£750m" share buyback programme.

IMO - Aviva are cancelling all shares purchased under the buyback and so reducing the shares in circulation, increasing the value per share in the process. Aviva will keep buying up this low hanging fruit until exhausted, but I'm expecting the final dividend return per share to reflect the more smaller pool of shareholders.
Leadership under Blanc is so much stronger than Tulloch. The next step is critical into 2022; I can't see Aviva buying out anyone significant after current disposals unless they do another Friends Life type deal. There's no more family silver to sell. So what's the next move going to be?

Is that the first nearly half billion £ debt being settled?

Market chasing the divi. Expect it to drop on ex-div day. Personally hoping it holds above 405p

Cheers Guitar, have logged in via the website (normally just use the app ) and changed income instructions to "Held on Account" so it'll go straight to the Capital Account and be available for immediate withdrawal. Cheers

I use HL with an ISA. Easy to use, BUT dividend payments appear to get held by HL until the 10th working day of the following month, which I don't like at all. Don't think it's delayed at all if you go for reinvestment option, but if you're hoping to have the cash immediately then just beware.
I mentioned this on here a few months back; some folk said they don't have that issue; I've looked but appears part of HL's policy (don't know if it's an ISA thing which doesn't happen on the regular account).

https://www.informdirect.co.uk/shares/what-are-treasury-shares/

When a company holds shares in treasury the company should be entered in the register of shareholders as the owner of those shares. However, the company cannot exercise any rights attaching to these treasury shares. The company, therefore, cannot:

-have a representative attend and speak at AGMs and other shareholder meetings;
-vote on shareholder resolutions;
-be included in any pre-emption rights of shareholders;
-receive dividends or capital or other distributions.

To the tune of £467k. Jeez, if my whole portfolio was worth £467k then I could give up working!!

Sorry, not quite reading that properly.

Mark sold 62,000 shares. Jim bought 12,667 shares. Yes, leans more to the Sold camp for sure.

Don't know. But Non-Executive Director Jim McConville bought £50k worth / 12,667 shares yesterday at £3.95. Must say I like it when my last top up is at a price lower than the director's. It's good to "follow the money"; seems a stalemate in this regard.

Mrs Blanc has made a cool quarter-million since her investment at £3.07; lucky lady!!

Just noticed this in the press about Aviva looking at buying out AXA XL's high net worth private personal client book. I'd not seen it before; you can Google for the article dated 2nd March as the link won't display in this message properly.

"AXA XL confirms plans to sell private clients business to Aviva"

After rumours began swirling that AXA XL was looking to sell its private client business to fellow insurance giant Aviva, the company has issued a statement to Insurance Business confirming its plans.

In the statement, the company outlined that it has been looking to reposition its UK & Lloyd’s business to focus on optimising its portfolio to fit strategically within the AXA Group and the broader AXA XL division – and part of that will see it reduce transaction volumes and the type of consumer and personal business it writes in the UK.

“AXA XL has invested in and developed an established and market-leading UK private clients team over the past several years; however, as part of a strategic realignment, we have decided to sell that part of our business to Aviva,” it said in the statement sent to Insurance Business.

“This action relates to private client business underwritten in the UK. This decision does not have any impact on our fine art and specie business in the UK or worldwide and it does not mean that we will exit all consumer lines business in the UK.”

It is now expected that AXA XL’s private clients team will move across to Aviva in a deal scheduled to be completed later in the year. The move is seen as a sign of intent for Aviva in the HNW personal lines market. A team of around 30 is expected to manage the run-off of the AXA XL private clients book, while establishing a new entity for Aviva.

Meanwhile, Sean McGovern, CEO of UK & Lloyd’s at AXA XL, told Insurance Business in a statement that the move was the “last major step” in its portfolio realignment.

"Expect to return to shareholders excess capital above 180% Solvency II shareholder cover ratio"

Its not off the cards

HL don't pay into my bank until the first 10 days of the new month!! It shows in the app, but they're bloody holding on to it!!

Redceo - we've all been there, selling too early.

Before I got burnt on AIM shares, I used to try trading them. Held Gretland Gold back when it was trading around the 1p mark, sold out at +50%. It's now at over 30p (although I've no idea if there's been a buyback/consolidation along the way).
REM is the share which nearly killed me. Didn't sell at +100% profit and sold at a 40% loss. Has since been delisted; some folks would have lost it all.

I'm confident in the future of AV. and will keep adding at sub-£4 when I can.