Member Info for eurofox

See RNS just issued

$ weakening

CFO just purchased 125,397 shares at 198.368 - a cool quarter million £

zzzz....zzzzz..........zzzzzz...

Barclays capital return cash just went in at last, but no final dividend yet

they are just counter-trades to the uncrossing transaction which will have taken place throughout the day - nothing shady

Be interesting to see how long the opening auction goes on for and what price it settles on, because it will be into a short period where institutions have access to lots of dosh whilst ordinary mortals have to wait for B share cash for any re-investment. If the big boys have any sense they will take advantage of that gap.

Thing is, they would still pay the £6 per share price even after the consolidation because it is the profitable revenue stream that would be the main consideration. Money in the bank is not productive capital

I have been pondering this whole arrangement. If a predator were looking for an acquisition of Aviva and that were done with today’s shares in circulation, and it was priced at say £6 per share, then by waiting until after the consolidation they would have a quarter (roughly) shares less to acquire at that price, because the company would have removed that quarter from the market at a much lower price by Monday. Neat.

adding at 395p - tasty

LTI, Looks like it is a waste of time explaining, it's their funeral. I have reported misleading posts

I have been taking advantage of this confusion to add at these sub £4 prices

P, The equivalent XD for B shares and completed consolidation is 16th, confirmed by Barclays, so stop misleading people.

There is not a conventional ex-div date the day before this record date, because this is a return of capital, not a dividend. To be eligible for both the B shares (then means of returning capital) and for the share consolidation (the events are linked) your holdings have to be on the register at 6.00 pm on Friday 13th. It is not possible to get the return of capital and at the same time avoid the share consolidation. Read the circular PDF ( https://www.aviva.com/investors/circular/ ), because the share consolidation is the simultaneous mechanism for accounting for the value change in the company having returned the capital. Without reading the details of this process you are at risk of being very disappointed.

I can't believe there are still people who don't understand the process!

look at the small print in the circular pdf, the actual ratio for conversion will be set just before conversion in order to give the same price before and after, so there is an incentive to buy now because the ratio will then leave us with a greater proportion of our shares as well as a higher price. I don't get why people are fixated on the. 76 ratio cites in the example shown in the calculator and the earlier documents.

the purpose of buybacks is to buy as many as possible for the lowest possible price, not to hold up share prices, because is is what maximises long term yield. it is not to maxthe return for short term traders.

Keep up the good work bedwetters

All fair a square. The thought I did have was that as soon as the new consolidated shares can be traded, hopefully on the 16th, it will be before the final dividend is paid and several weeks before the B share cash appears, so it could be a time when not much buying is going on and some price weakness may happen in that gap. I can well imagine that some day traders or hedge funds might exploit that with temporary short positions to drive out some weak holders. If that does happen then there may well be a buying opportunity.

Sorry to have upset you so much in a moment of stupidity NervousNelly. I stood corrected and apologised, so not need to be rude about it.