Member Info for JDF7

It is in the RNS. It is 6 cents, being paid early next month.

Yes, it did seem significantly 'oversold' and along with seeing some major management action on the cost-cutting and sell-off of less strategic parts of the business, I decided to jump in around 56p. I had considered selling my holding in AIE to fund the purchase of more here but held back. A bit of regret but not too much, with AIE helping me to stay appropriately diversified and its share-price making modest gains. Glad to see this touch £1.10p at some point yesterday.

I think the share price could run-up a good way still, notwithstanding the ongoing concerns about levels of debts, steel prices and geopolitical risks. The management is gripping a number of key operational and strategic matters more firmly now. The IMS was also measured but positive about Q2 production levels and direction of steel-prices. I'll not be surprised to see a share price beyond £1.30p after the interim results in August, if not before.

Let us see what the IMS says about the investment performance which has been quite poor over the last couple of years and not a patch on the underwriting results that BEZ has delivered over the past years. That said, it is one of my favourite shares and I'm encouraged to see how the company its deepening the strength of its staff-team and exploring new business.

Th Fed vetoes the capital plans of the US subsidiaries of BNC, HSBC and RBS. Today's FT articles highlights that "Barclays and Deutsche Bank were not part of this year’s stress tests but will be in the future. Their large New York investment banks will draw scrutiny from Fed officials, with any negative results potentially affecting capital distributions within the groups. The Fed singled out Santander in particular for “widespread and significant deficiencies” across the bank’s US processes."

Optimus, you are right and I am pleased. Thanks to you, GS and Jer53 who provided brilliant views along the way which made me reflect on points I would not have otherwise considered and encouraged me to hold during the plunges and management transitions. Still early days for me as an investor and always happy to hear and learn from others.

In my first few months of investing two and a bit years ago, i bought 1,000 AV shares at 299p and watched them rise, then plunge and them slowly but steadily work their way upwards. I thought I was quite happy to wait for the share price to rise to older historic levels and collect dividends along the way. Gave a fair bit of credence to some analysis and views from posters like GS and noted the franker tone of the RNS under the new CEO. Didn't risk more than the £3k though, putting additional monies into the likes CLLN, CINE, FUM, GSK. Happy to see patience rewarded with return on that initial investment now over 100% but if only I had placed additional monies in as the transformation and revised view of Aviva by the market was taking place. Think I had Howard Mark's views on risk management from 'The Most Important Thing' in the back of my mind and that constrained me somewhat as it does will putting more money than I have in QPP. Thing this has a way to run yet and I like the fact that the CEO says the same from a critical perspective