REMINDER: Our user survey closes on Friday, please submit your responses here.
.... this stock was in the low 30p's in early 2017 and 28p+ in January this year.
Mind, they are so boring & inactive it's hardly worth following the stock on a daily basis.
If they ever get around to paying a dividend the rating would benefit significantly ....imo
... statistic. Whoever suggested that 'quality' equities beat inflation in the long term.!
No wonder the market, in the form of institutional investors, took not the slightest interest in the appointment of a CEO who has been a long serving participant of this collective failure.
Personally I love the stock ~ casually nip in/out three or so times a year using a yield back-stop of approx. £7.5%/£7.75% (in current market conditions) & hopefully take advantage of the dividend payments.
There is, of course, an inherent risk with this approach but as Richox points out ..... there seems to be ZERO reason to hold AV. if you're looking for sustained capital growth.
... Scrap is The Donald ~ China, Iran anyone will do who underestimates his Alpha Male status.
~ but even he can't make Aviva great (again) & worth 550p ....
Buy @ around 400p for income ...... look elsewhere for growth..
.... have been following this stock since Sept '17 (200.5p) & at last, with the government taking over the funding a spotlight may well shine on PTSG.
Not before time.!
Grenville will help this cladding issue remaining in the news & as you say the Stock has a modest rating.....
... when the company failed to recruit an acknowledged 'name' from within the industry as a new CEO.
Briggs seems to have done a very decent job whilst at AV. & sees a '27yr' loyalist promoted by (what looks like) default.
I repeat, yet again, the market reaction to the appointment of Mr Tulloch was a big collective yawn.... Institutions will need to see real progress before there is a significant re-rating (imo)
Meanwhile Aviva remains an attractive income stock & is likely to tread water with general market trends...
Meanwhile wondering why a £4 stock moves +/- 10p in minutes is pointless .... this is the Stock Market ~ it happens
rivaldo.... this stock has looked 'cheap' for a number of years.
I believe you are/were a holder as was I until 2017. Not since January of that year have the shares moved markedly higher and that was on the back of strong tipping (if I remember correctly). Again by MW-M.
A dividend payment would broaden investor appeal ......
There is something more than the lack of marketability holding the shares back...
???
.... nuri123a, 'cos I'm concerned as to what you'd be like if you ever lost faith in dear old AV. !!!
I wish you well with this investment but imo the shares have as much chance of hitting £8 as Jeremy Corbyn has of becoming Prime Minister ~
Oh.... hang on...err
1st time since floatation the shares have gone through the 200p. mark...
... admittedly this debacle was under Wilson but the market may consider Mr 27 yrs as acquiescent. This and the 6 months it took NOT to find 'fresh blood' as a CEO may well explain the indifference shown to Mr Tulloch's appointment.
However, given that the World continues on its axis after the Clowns (to the left) & Jokers (to the right) deliver their verdict on Brexit this coming week, AV looks a sound income stock whilst investors wait & see if the new CEO can change perception ...
... I take your point. If, indeed, you are correct and he is seen as a yes-man then imo the perception of AV will remain poor.
Again imo, this will have to change before the majority of investors consider AV is anything but an income stock. A very handy one .... & at around the 400p mark the current yield should offer support.
.... tend to agree that the market perception of AV remains poor.
Taking a contra view to AllAtSea, the market has shown little (or no) enthusiasm for the appointment of a long serving insider taking over as CEO.
Why has it taken him 27yrs to reach the dizzy heights whilst the company has recruited from outside previously.?
Could it be that other 'real talent' from within the Insurance world didn't fancy this lumbering giant.? I suggest that's a creditable possibility.
..... what will transpire during the next 7 days, but if the UK leaves the EU on a 'No Deal' basis I think there is a more than decent chance that investors will be able to purchase AV. on an 8% yield (375p)
It's sit on your hands time....... (again!!)
.... about investors being hard to please ... a fickle lot by nature.
Fact is the market appears to see AV. as pedestrian. If the view was otherwise the shares would not be priced on a 7% valuation.
IF the new CEO makes a fist of it we may see a change in attitude, meanwhile am looking to nip back in prior to exD date. Prudence ( as Mr Brown would say) would suggest waiting for April fools day.!
..... am currently following events at Cheltenham ~ short term results & all that !!
?? what is that ptp figure as a return on capital employed.??
Ps. not a betting man.... only darkened the door of a bookies 3/4 times to put the wind up said bookies with a 5 bob bet on the Grand National on behalf of wife/kids ....... 40 yrs ago Not a great success !!