RE: Edmond Jackson positive on Aviva21 Jun 2024 19:28
Added, small.
….unlikely to be highly exciting for growth, but good management, good cash position, good dividend, (small, 5-10%?) possibility take over in next 1-2 years, and its in a sector that’s been somewhat out of favour for a fair old while, so not buying at an overly frothy point (i hope).
F for sure, labour win election result must be utterly baked in, but prospect of a seriously large majority for starmer could mean he can play hardball with the left of his party once in govt, with some possible additional plus points to UK borrowing from international markets as a result. (smaller majority might mean he’d have to risk higher spend to placate left, but possible cost of higher UK debt financing.)
[NB nice late bounce in PHNX s/p this afternoon, on a little chatter about possible t/o … rumour only, and a rather different kind of business model from AV., but if there were a bid for another company in this sector likely to add some pep to companies such as AV etc.]