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Correction
reply to Longtimeinvestor.
I am the dreamer.
getting tired ,goodnight and cheers.
I get what you are saying Dreamer.I have experienced outcomes of good and not so good of many of my past investments on board decision that are legal or bordering illegal . I am only saying that what I would be happy about and preferred options thus realising the reality of an event.
Lets hope that the recent Aviva event and disposals are a success story for all of us.
All the Georgey.
Thedetector.
If I have less chickens I will achieve less eggs. With the Aviva recent price rise I have achieved less cash growth than if I had my 100% share count intact.
I would rather have my original holding intact and make my own decision. 75ish % of a 20p rise in sp is less than 100% of the same.Gotta be.
I would be perfectly happy if was to wake up tomorrow and realise that this whole consolidation of smoke and mirrors was a dream and be back to my preferred previous situation with all my returned cash still invested in Aviva plus my original 100 per cent intact.
If this is not to be then I would be obliged to demand that Aviva should supply me with a reset button to my preferred pre consolidation position.
The message that I am purveying is that I alone should be the only one who decides upon decisions about my investments and not forced upon me whether I want to,not to , understand or not understand what is put before me.
I did not reinvest my forced returned cash back into Aviva .I alone decided to use returned cash to top up my LGEN investment.
Time will either punish or reward this investment decision. But alas ,it would be my decision.
Best of luck to all .
Maybe the enhanced divi yield is making them more attractive to investors.The more investors climb aboard the higher the sp will also climb higher.
Lets hope so.
Only cash , your payment will indicative of 25 per cent of your original holding ,and payment will be automatic, no need to take any action.Payments due by 31st of this month.
Your original holding will be reduced by 25 per cent under the share consolidation.
Hi Al4x,
It is absolutely true you have made a fantastic investment which will enrichen you with great divis and more growth going forward as I reckon that Aviva is well worth at least a fiver a pop with current divi ratio.
Getting in at £2.70 ish was a great buy and a brave one as you must have got in at a nervy time when others were panicking and selling.
Hold on to your Aviva shares with a grip of iron as I will be and enjoy the ride to a fiver plus while getting great divi return on the up.
All the Georgey.
Thedetector.
There is mention in the Aviva news section of a further return of funds by the end of the month. It reads as#
'Earlier this week, Aviva released £3.75bb to shareholders via a B share programme, and will return a further 1 billion by the end of the month.'
Any info on this anyone?
Cheers.
EMMJANE.
Interesting comment on options.Spread betting I looked into and very few make profits on this system.I have mates that have had big losses on spread betting as losses need paying on certain timescales.It is not for me.
I have sort of hedged by bets by topping up my Lgen holding on opening this morning with an amount equivalent to return of cash from consolidation.If my lgen shares increase in value before I receive returned cash all well and good ,if Aviva sp deteriorates somewhat then I will add more Aviva equivalent to returned cash . If Aviva have a big rise then I will hold said cash until a good buy in opportunity arises.
I decided to top up on lgen because I really fancy them to do well as I reckon the sp is far too cheap.
I am a man with a plan. But as the book said...Of Mice And Men by John Steinbeck. Best laid plans and all that.
All the Georgey.
Thanks. Good clarification of this smokescreen by Whitey woman.
Divis are not cash in hand or guaranteed. They are pie in the sky until they are paid,as we have all learned the hard way with this thieving government ordering companies to cancel divis,as we have seen during covid con.
My ma always taught me to take the bird in hand and forget the two in the Bush.
All the best.
There is a glaring flaw with this sleight of hand return of cash consideration agenda.
In the event that the share price rises in the near future, any investors that intend to reinvest their returned cash will have to pay more per share to replace shares taken off us AND incurring extra buying costs.
I would have preferred a straight honest special divi of return of cash. It would have boosted sp on announcement and thus avoiding this obvious smokescreen of giving us cash.
I have topped up on my Legal and General holding this morning thus an attempt to secure any rises in ftse.
Best of luck to all of us.
All the Georgey.
I don't think the b shares will be issued but retained. Cash will be added to your account automatically on due date. The b shares are not available to trade. It is all a clever wheeze by Whitey woman to get surplus cash off the books.
Check current RNS for payment date.
And as it seems, there is no such thing as a free lunch.
There is a divi to factor in of 14.7p due in a few days. Most of prominent companies sp's have performed poorly recently.No matter what anyone held will have lost recently overall in any portfolio. If shares did not go up and down then it would be difficult to get in cheap as we say to make some cash. Aviva has held the fort well during this crisis at the moment.
Any hint of a resolution to the Ukraine crisis and I expect the ftse 100 to have big gains .Aviva and others with excellent divi returns will do exceptionally well.
I reckon Aviva to be worth at least a fiver a pop and will be holding for this target.I also have DLG and LGEN in my portfolio. I expect these to do well also with great divis to pay me until they attain my price targets.
Everything will work out ok as long as you own quality.
As in life we get what we pay for.
All the Georgey.
But is topping up going to attract costs.
Buy Legal and General instead. I Just have. Will hold my remaining Aviva for the long run.
It wall all baked in after they announced consolidation program. Consolidation in this instance is a sly wheeze by Whitey to get chunks of cash off the books after funds raised due to a series of business assets sale of Aviva.
I would rather they had issued us with a straight simple honest special divi we all deserve.
Is making Aviva a more lean operating machine an attractive proposition for a take over, I hope so. Maybe this is Whites agenda.
Any way I will be reinvesting my cash return. Divi is great. Any whiff of a take over will set sp off like a rocket. Onward and upward.
All the Georgey.
Yes indeed hoggy. I am not taking any notice of this downgrade that also ups target price.
Aviva worth well over a fiver a pop all day long. A bit of patience needed here. All will be well.
All the Georgey.
I'll be out too..
£300 a share and I'll be a bloomin multi millionaire.