Member Info for Rzez

MJAllen, there’s currently a merger inquiry being carried out by the Competition and Markets Authority that looks to report on the 10th July.

https://www.gov.uk/cma-cases/aviva-slash-direct-line-merger-inquiry

Stop loss triggered yesterday and sold at 2.42.

If it hadn’t of triggered though don’t think I would have sold having read the RNS.

That being said, I think I’m going to hold out to see what happens, if the price continues to rise then I’ve missed out, but I’ve made a good return that I don’t want to lose as bought in at 1.87 beginning of April.

ATB

Holder, But may sell off before 10th July if I can’t hold my nerves

Thanks Alex, greatly appreciated.

Would anyone know if you still pay the 0.5% stamp duty / 1.5% on the sell / purchase of the shares if the takeover is successful and shares are exchanged and sold etc?

Https://amp.theguardian.com/business/2024/nov/28/shares-in-direct-line-surge-after-insurer-rejects-33bn-bid-from-aviva

Wouldn’t want to be an Aviva share holder rite now…

“The main risk for Aviva is that it seems to be stretching an already below-average solvency ratio, so any further generosity would need to come from shares.”

I’d take the 265, currently well under water on this one and could do with the money.

Please be a good Christmas!

Lending and Crossley, appreciate both your time replying. Thankyou.

I had wondered what actual investment return the share buyback would have,

so we’d be looking at “very approximately wrong”

90m shares at an approximate cost of £2.30 per share = £207,000,000

Approximately 21 years to get the initial investment back before seeing a profit. Which would be around a 4.76% return each year over 21 year. Though this would increase yearly going forward, presuming dividends don’t decrease.

Essentially it’s a long term investment strategy against itself.

Please feel free to take this apart as it’s not based on any real information.

But can’t say I’m against the principle of the idea.

Lending I agree with you, but for the lazy, do you know the overall difference?

For example with the share buyback costing £200m how much does that save in the cost of the div per year (including the 2% increase?

Could probably work this out myself but little time and wondered if you had already done the maths.

Rzez

Eckie8, what are you going on about? For every few great posts on this board, there’s always one which spoils it.

The information provided by much more articulate posters than myself, is way above your head , yet you say the companies performance is a disaster?!

I assume you mean you’re not happy with the SP, which I would suggest is a different measure to the companies performance.

With a 10% divi payer the SP shouldn’t be of much concern unless you’re trying to trade it or selling your stake. The overall performance should be measured against its ability to pay a continually increasing dividend. If this isn’t happening, then indeed something is wrong. However I believe the dividend is strongly covered and the new CEO is making the right movements. If the market doesn’t appreciate it, so what? Better for those topping up.

If you’re after quick movements (up and down) you may wish to look at other shares such as nvidia, crypto and apple. Or possibly look towards roulette?

Appreciate your reply jjjzac. Was secretly hoping, you knew something I’d missed ;p

I wish you the best of luck!

GLA

Jjjzac that is a brave investment all in one go, any reason you didn’t think about drip feeding it in?

Btw I’m not saying you’re wrong as god only knows what’s going to happen to the SP in 6 months to a year, just find it odd you’d chuck 20k down in one hit.

Couerdelion, you are correct it wasn’t 540p, it was just under. Have a good day

Couerdelion, That’s an interesting theory.

Although I do find your suggestion oddly interesting, it appears to be a way to start confrontation by suggesting that someone isn’t invested for no apparent reason.

Either way I hope your investment in PHNX is profitable.

Either way I do hope your investments go well,

Topped up at 240 as tradeplan hit.

Apologies if this forces the price lower for everyone as is my luck 🤠

Ex div on 26/09 long way off. Could go higher could go lower. Good luck whatever u decide

Everyone gets lucky every now and again

That took a sudden swing downwards. Trade plan added just in case it continues to drop to pick up some cheap ones.

Well done on those who got in under 204 though!

Would it not be better to compare to the day before the next div? As there’s usually a few days of buildup prior to this date. Even so I think we can a agree we’d be appreciative of a rise over the coming 12 months

For clarity I sold out at 215 today. As will be likely be needing the funds in the next year. If it drops down to around 200 I’ll likely buy in again , but not convinced that will be happening. So I’ll be hovering over the boards but wish you all the best. GLA Rzez