Nice upbeat solid performance by Aviva today,one of my three favourite shares along with cine(sadly not in for fear of unknown lol)and lgen(waiting for right price). Any negativity shown towards Aviva will force the cavemaster to unleash the Hottweiler!!!! A fearsome ally in such a situation.
Very last thing Yesterday swopped whole portfolio back into Aviva at 405p. Everything went back bar holding in ethereum tracker which isnt doing too badly recently,doubled up at 11.16 euro current 13.42 euro. Aviva a fantastic long term hold imo,combination of healthy yield increases and reinvesting dividend should hopefully double income from it every five years. Lgen now the biggest uk insurer by share capital,something forecast on here ages ago looking at chart typically does drop 60p from peaks,so a target buy price for me would be low 260s. If your looking for a share riser then Hargreaves lansdowne could well be a good buy at 1803p.
I love what they do same as scancell,but looking at balance sheet for last five years,worry about losses and debts. I do understand the nature of the business and high initial costs/debts associated with research/development. They could well rocket upwards and I hope they do(chart is currently positive) but for reasons mentioned above would be v cautious - I might purchase a small interest stake eg 1-2 % .
Having been on the seesaw,roundabout,seesawx3,a final trip on the roundabout saw me rejiggle portfolio about 5 shares and 6 funds. Targeting income and rise potential aviva,plus 500,saga,cine,bnc.
The magic seesaw seriously spooked me with rdsb not rising,I felt a crack in the middle of the seesaw and jumped on the roundabout back into Aviva at 413p during early trading.
Ive been lucky(posts in my gold fields cave)switched from av.(420p) to rdsb first thing on Friday(2276p)and then back again on Monday selling at 2340p rebuying Av. at 411p. Both good shares imo but work in opposite directions av up with strengthening pound and rdsb with stronger dollar/oil. Happy to hold either share short,med or long term.
Im cautious on any company whos total liabilities increase by more than their annual profits for the year. Total liabilities on balance sheet up 36m whilst total assets up only 1.1m. Net asset value dropped from 137p to 87p.
With ref to our discussion last week,I have more than one strategy depending on whats happening. Would quite happily have held rdsb,but I felt the opportunity to take 2% profit and to rebuy aviva at a 2% lower price was too good to miss for a period of one trading day.