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They might think this is the facebook equivalent, where you show what you’re about eat, but no one give a hoot…!
They must have some very good software or quick fingers to catch “over 495” , it was only there for seconds..! Some might call it absolute BS >>>!!!! But I wouldn’t say that..?
AbjectPerformer:
Trading Aviva from 265 in covid , made far more from trading Aviva than just holding for the dividend, in some cases I have stayed in for the dividend but still traded.
Its worked very well for me , so far.
So yes, I do think short term with Aviva.
Remember this was 365 just a few months ago from 467, the difference is over three years dividends in a few months.
Trading shares with a good dividend removes some of the risk, if you get stuck with them at least you have a good dividend while you wait for the stock to recover. Glencore, 475 to 365 . BP 550 to 450, are other examples of good trades in the last few months with the support of a good dividend if you get things wrong. A few exceptions like RR I would not sell, but there’s not many of them.
Not everyone likes to trade , with the research , Charts, etc…some just want to “bung it in a company” and hope for the best , watching the frustration of the snakes & Ladders show every day but happy with the 8% a year.
So short term thinking with Aviva, but with a reason.
Personal choice really.
Do you think this momentum will carry on after the incentive of the dividend and the 300 million buybacks have stopped ?
The FTSE has a part to play in this too, I’m anticipating Aviva to touch £5 before XD, depending on market conditions.
Then I need to decide to sell before XD if it does reach £5.
My feeling is after the buyback which is propping up the price daily , the dividend which is the incentive until XD day, what is there to keep this stock past the XD day…? The 8% +or- div, for the full year will disappear in a few days of 2p here & 4p there…
Or just keep and hope for the best.
I guess some will think it’s a great company with many of it’s ducks in row, which it is, the dividend is great, but I’m questioning the ability of this stock to hold it’s price ? Which after the 300 million buyback is spent and those shares are taken out of the market , will it hold @£5…?
A very broad answer would be no:
The point yesterday was this particular stock is, it does not hold on to sudden uplifts in price rises, if this stock suddenly rises because of some good news, for me and so it would seem others, it’s a strong sell signal, what is the point in in keeping a position on a share you know is going to fall back to somewhere near where it started. The reward is far greater to sell looking at the history of “this stock”, But when it comes to the Dividend ,again with this particular stock at this time of year (22.3 pence per) the risk is far greater than the reward IMO…
This does require some previous knowledge of this share as does any transaction with any stock, so keep watching like me for around 43 years… and still get things wrong !
Good luck with your OWN decisions …😇 Also take into account CGT… but you can trade within your isa or multiple accounts/ family/ friends ,etc. DYOR.
I think trading is all about the timing/experience with particular stocks.
Today with Aviva , every year this share rises on the good news But never ever holds, this why most, not all will sell on the good news , this contributes to its fall , I sold on a set TP @480: it did reach 483 for a few moments and down hill from there.. look at the history of this share, it’s quite predictable and never holds a sudden uplift in price, most traders already know this…
It’s not a share to hold unless you enjoy snakes and ladders but happy with your 8% +/- if you are that’s fine too.
For some an opportunity to double their dividends.
Warthog4
“PS Thank your lucky stars this ain't France otherwise Whitehall would be full of cows, tractors and howling mobs”
I’m not so sure that would be a disadvantage…? The intellectual level would rise plus the wage bill would be cheaper, fill the place with pigs even Lee Anderson would be happy…?
Car insurance wise: 2023 £538: 2024 £1583. We should all feel the benefit from the results on the 7th of March even if it’s just the two of us that have contributed…🙄
Not to be taken as advice:
I normally would have Sold around the 440-445 without hesitation, …BUT… with Aviva results due in a few days (March 7th) , looking at most insurance companies announcements : AXA Higher profits with more returns to shareholders, Allianz Boosts dividend with more share buybacks, UK insurers Beazley plans 300 million capital return. my own car insurance has risen just over a thousand pounds in a year, plus the huge influx of people fed up with the NHS waiting lists taking out private medical insurance. We “could assume” Aviva must be taking a good percentage of that business…
So is it worth the chance to wait for the possibility of great results then Sell out on the price uplift, or wait a little more time to receive the possible larger dividend as well , at the risk of watching this puppy fall in price before the divided…?
Easy for the investor, another difficult one for the trader…
Best of luck with your Own Decisions.
Fighting with previous experience with this stock against the few days left before the results and the general consensus regarding the uplift in sentiment about Aviva…
Must keep away from sell button.
God, I love the Stock markets…!