RE: Decisions27 Mar 2024 22:23
I imagine there will be many ups and downs yet to come, so for the traders amongst us, good luck spotting the peaks and troughs, there is money to be made for sure by the lucky and/or skilful.
me, i do trade small blocks of AV. back and forth, and make some money doing that (and have fun too along the way), but my stance for some time now with the bulk of my shares here is simply to hold l/t — I think it’s a financially sound company, progressively trimmed into better shape and clearer focus by blanc, who will obviously make some mis-steps as we all do, but overall has been pretty impressive and decisive in my view.
and from a pure value basis, i think UK financials, insurance in particular, has been underpriced for 2-3 years, and as political risk declines overseas buyers will dip their toes in more. unsure what to think about IR cuts this year … some cuts likely, but some are already priced in … possible that market has got ahead of itself slightly re pace of UK IR cuts, which might trigger a 20p-30p retrace some time in 2024 if gloom takes hold?
medium / longer term, looking to slice circa 550p, then to cash in a larger portion 600p+, but not in a hurry about that at all …. sound financials, good management, decent divi, progressive policy, some growth prospects.
ajmo.
[as ever, if putin nukes berlin, or xi drops anthrax on taiwan, all bets are off, and we will all have bigger things to worry about than aviva’s share price.]