The Government have closed businesses - they took that decision in the public interest. Why should private companies pick u a £1 billion tab every month for something not of their making. I'm sorry - management have run this company like clock work - its not their fault the Government have mandated closures. If the Government want to continue their ultra cautious approach, fine - but pay up - its not up to companies to suck up losses month after month.
It is a travesty that one of the best run airlines is being bled dry by the UK Government. The Government stopped businesses operating - so they should be footing the bill for this. By the way - own no shares in EasyJet - but I would certainly never put Virgin Airline and EasyJet in the same league. EasyJet will probably (90-95% chance) pull through and should do well... but it will be a few years before it gets back to the heady days. Good luck holders... they have plenty of cash at the moment to survive, but the Government should NOT expect shareholders to bail out the company.
Goldenshares - a company making £3 billion + doesn't need any breaking up... people are obsessed with the leadership team who have seen this company making double EPS than it was five years ago... obsess only when its making a loss! Not when its making enormous profits!
dividendchaser - I 100% believe in Aviva - 100%. Their results over the last five years show why! You don't need me or anyone else to tell you, their probably one of the most capitalised companies out there... They are now valued at 4 times earnings - when it should be 16 - i.e. long-term average. I've got £15k more to spend - and its all going here.
Aviva has £13 billion spare capital and cash and is valued at £9 billion entirely. It's screaming BARGAIN. The company could buy itself with its spare capital and cash.... the market is insane! entirely insane!
People - the general species - are entirely thick. Since when did Legal and General become a company that earns half of Aviva become worth £2 billion more... NAV of L&G shares £1.40 and share price £2.00 (roughly). NAV of Aviva shares £4.40 and share price £2.40. Investors who think LGEN is worth more than Aviva - rare species!
This Union is a complete disgrace. No one in their right mind and with half a brain cell would ever strike in the current environment. The drop of Saturday mail deliveries makes complete sense - its entirely loss making!
Mrd - no FCSC dont cover fraud if shares and funds are not ringfenced.... but its been a nightmare... all of my money has been tied up and my shares are down 60%. Agree - NMC is 100% loss... its extremely unfair as shareholders here have not been safeguarded and little over sight apparent.... you out of shares altogether now?
Mrd - I'd like to say you had bad luck but I think its evenly spread.... all of this has left me counting some amount of cost. Lot of my shares suspended because of SVS insolvency.... I've had awful luck and no doubt you have too. Take care of yourself! You have been a very civil person on many boards
Unbelievably low share price. Valued at 1 billion.... Never seen it like this even during the greatest recession of 12 years ago.... If there is any inkling of state taking control of all or part of any bank, that will be the end of individuals ever wanting to invest in banks... except the largest banks like RBS and Lloyds. ...
crazy crazy crazy world! LGEN up 11% - Av. down 1.4%. Aviva has £14 billion spare capital and cash - and is valued at nearly half of that for the entire company. I'm not an expert - but Aviva's last update stated that its fortunes are almost exclusively tied to the economy same as LGENs.... it has £2.4 billion centre cash and solvency ratio is 175%.... Bonkers that LGEN are up that much and Aviva down considering Aviva holds significantly more cash than LGEN and spare capital.
RE: Jeees what a busy board all of a sudden12 Mar 2020 16:15
Skier - absolute TOSH! It's the strongest airline out there, so if it doesn't survive - pretty much no airline will survive. I do not own shares, but can say that EasyJet is a strong and robust airline that is making practical changes to schedules and responding well. To say it will take years and years is non-sense - the harder it falls, the harder it will bounce back.... the market response is extremely overdone. Advice to holders: HOLD - and wait for it to return to sensible levels.
Shatter - I give up too! Our society is being dominated by the media - driving people into ultra risk aversion coupled with OCD. I'm having conversations with people everyday whose mental health is severely impacted by the fear being driven by health authorities. The response to the virus spreading is totally outsized to the actual risk people face.
Shatter - your analysis is in most respects wrong. Firstly: - A significant reduction in oils prices will result in a short term drop in the whole sale and retail price of oil related products. This will result in significant reductions in inflation and an increase in disposable incomes - Secondly, the reduced interest rate environment will result in home owners being better off and increase their real disposable incomes - thus supporting spending on the economy. With interest rates rock bottom - it is unlikely we'll ever see elevated rates of home re-possessions - Both of the above coupled with the ultra-low unemployment rate means we are unlikely to see the conditions necessary for a sustained period of recession.... MAYBE ITS JUST ME - BUT AVIVA IS NOW PRICED WELL BELOW ALL OF ITS SPARE CAPITAL AND CASH..... ITS ON 5 TIMES EARNINGS.... ITS COMPLETELY INSANE - BONKERS!
Bought another £3k. I've got an awful lot... but cheap doesn't come round often. Now that the company's spare capital and cash pile has pushed above the value of the entire company's issued capital.... cheap - too cheap! Won't pass it over. Have £450k in shares.... buying all the way down.... see you folks the other side.