Member Info for salver2

Housing boom I should have added!

Porsche is a bit like the investors chronicle you should buy when he says sell and vice versa - he missed the whole of the 2010 - 19 boom with his bearish side kick ( his name escapes me ) his brain is not fully formed

They were too busy looking at candlestick formations ichimoku clouds resistance points people like this are always looking lower and lower and then miss the boat - let me tell you I have been in the city for 35 years and technical analysis is bull**** - if it were effective fundmanagers and hedge funds would outperform - they don’t even with all the suckers money which they scoop in fees.

I think Britain’s biggest insurance co notwithstanding lgen higher market cap is an absolute steal at these prices - I presume there must be fear of a black hole in the accounts somewhere - looking ahead in a year or two if one gives these a fairly miserable pe of eight times earnings the share price would be about 4.60 - these are still even now at least a pound underpriced.

Where can one find the futures for these stocks?

What strikes me as strange though is clearly a lo of private investors have been piling into this as it seems so obviously underpriced it is a bigger company than say legal and general although - 20 percent market cap less it makes thirty percent more profit than they do and using legal and generals miserable pe of 6 times forward earnings you would get a price of over 3 pounds - a more normal and still cheap pe on say eight to ten times earnings you would get to the four and five pound mark - it is so cheap I wonder what we are all missing their has been large private investor buying no short interest and no selling by large shareholders but the price seems to go down and down are their some gremlins on the balance sheet that we have all missed? On next years forecasts they are on a humiliating pe of about 4.5 times earnings.for a point of reference you’ve got an engineering co like halma with a similar market cap whose best ever year is about 200 million before tax aviva just did over 16 times that - can someone please explain!

Negligible for a company this size

Interesting comments from axa in France fairly similar company

Karv 1 talks a lot of sense - excluding the dividend fiasco we don’t really know whether Tulloch and the board are inept - maybe the markets inept - after record profits 0f 3.9 billion - and next years projections of about 2.7 billion the company is valued at about 4 times earnings if the figures are to be believed - halma a FTSE co which has ten percent less market cap has a best ever earnings of 200 million in a year on their earnings- their growth admittedly is a little better but not much - applying the multiple given to them you could apply a value to aviva of over 100 billion not 9 billion -we will have to wait for the update to see where we are - but barring some disaster we are not aware of accumulating at these levels you shall surely be rewarded - I’ve been here before with lots of shares - I bought Taylor Wimpey shares for 30 pence thinking it was a good buy and then they went down to about 4 pence - felt a bit sick as I had a lot and sold most of them at about 2 pounds a pop - the market sometimes is the market - these shares could go lower they scream value so relax buy some more and close your eyes and all will be good - hopefully!in time

Your obviously a Scottish dyslexic as you spelt my handle wrong - please have some !!!! - with my compliments!

What are you talking about taverham don’t you understand basic maths 3 percent is 6 grand a year 0n 200 k 4 percent is 8 grand - you can even fix mortgages for a few years under 2 percent which would be 4 grand - I’m not going to rattle on any more just please use your brain

At least I can spell treble- mr star attraction or are you a little thick and sensitive perhaps!

May I offer an alternative view on house prices which no one ever seems to mention or understand- where interests rates are at the moment it could be argued that house prices are too cheap! To afford the average UK house of circa 240 k / with a ten percent deposit you can borrow 220 k - and repay with joint income about 60 quid a week each - some people spend more than that in a coffee shop in a week - so please don’t rattle on about how high prices are - as a percentage of take home pay they are a bargain!!!