Member Info for Unluckaviva

Thanks, I try to be realistic, I did my research, I see most brokers rate this well above the £350, even the couple done since outbreak were £3.80 and £3.70 I think, closing up shop was worth £4.30-£4.80 a share in assets, so I felt safe and still do, its still nice to moan though on the slides.
My analysis is still that most people dying are drawing pensions most likely, so that's a saving to Aviva, those with underlying health issue that severe probably never had life insurance with Aviva, most likely on of the ask no questions companies, most middleclass people are still working and earning, they are the main Aviva demographic, so they are still insuring the car and the house and their life, so all premiums are pretty much still being paid, cars are driving less, so less insurance claims due to accidents, people are at home, so less cars and less burglaries, so again less claims, even with government asking for insurance companies to return some money and switch policies, this is still ok as the change of cover will reduce future claims and they will maintain profit margin in new policy written, even refunds will be limited to the excess profit, not the underlying profit, only the insurance companies like Lloyd's who underwrite business interruption insurance I thin will suffer badly, as far as I know I dont think Aviva have ever done those. so it should all be positive in the wash.

Its human nature, we like to moan, its a healthy vent of disappointment, we all hate to see that our money could of been working better elsewhere, it reminds us that we made a bad choice, and unless we want to lock in those loses then we are stuck for a while a least. Men dont like to admit our mistakes, even if temporary, this is only annoying because even the brokers have this pegged much higher and other companies have shot above broker ratings for no real visual reason, that is happening whilst this is being left behind, money is pouring into all the wrong place.

Hmmm, yes I thought buying at £2.51 was a no brainer, now I am £6700 worse off!

I wrote my questions to the board for the AGM, they are accepting questions in advance, I have asked them to resign if they are going to let government make their business choices and asked them explain why they cut dividend when others kept their nerve and are paying it.
If you submit your questions then they just get you to confirm you are a share holder to get your question entered., its easy.

I suppose its just my short term annoyance at losing money on the first day after seeing it doing well last week, I see broker ratings giving it £3.30-£3.80 range and its sat well below that, that's why I view the large drops as surprising, as I say the logic to me is the customer base is still there and cannot really go away, the dead are likely to be drawing which is the saving, when I look at broker ratings at the margin for rise compared to others it seems too good to be true, LGEN for instance is over broker ratings, you would think that with the asset value last year at £4.30 people would again think this way a high buy, I assume that big investors must base their buys on information we cannot see or think.

Ouch, I watched this last week sneak up each day and kicked myself at the missed chance because I never bought, this morning I bought at £251 and then everyone started to bailout!!!!!! I am now nearly £3000 in a day! this has been a horrid start to my investment recovery, I lost £10000 from my original FTSE tracker at the start of this disaster.

I cannot see how this can slid so badly, my logic is that most people dying probably are already drawing their pensions, so if they die then Aviva can stop paying them and make a saving, if those that die have underlying medical issues then they probably never had life assurance policy that would cover them anyway, people also still need to insure cars and houses and pension pots are still being managed and added to, although maybe at a lower rate, so I cannot really see how Aviva lost so much value in a couple of months as in fact they might end up with more savings than loses potential based on the demographics of who is being affected.

Even when it comes to pensions being added to, most middle class people are the backbone of pension pots, again we know statics wise many of them are still working and safe at home doing their jobs, many of those at risk of losing jobs are the manufacturing side and the working man, they tended to not be paying in so much to their private pensions.

Maybe someone can tell me why I am wrong and what I am missing?

Oh and I saw someone ask why they assume the dividend will be 13% I also based my investment on this assumption, Aviva were supposed to pay 30p this year, this was based on increasing dividend price and what was said prior to disaster, I am hoping that as they were going to pay it before being stopped that maybe they will still be sat on a mountain of cash, I am hoping for next year for the 30p and maybe a special dividend of this years 30p also, so next year I am hoping will be a bumper year, as LGEN paid theirs I assume they are comfortable thinking insurance is going to come through this without much of a hit.