Member Info for Vind

Going into any investment in this climate and hoping for 20% CAR will only lead to disappointment.

It worries me that people think in this way to be honest. If you're prepared to forget about it for 20 years you may end up with a low double digit CAR, but there'll be a few bumps in the road.

Agree by the way about Aviva, I used to trade this share pretty successfully in its NU days because it used to trade in a fairly predictable price corridor. But since owning it as an investment it has disappointed. I could live with waiting because I was building up my holding with a 30p divi, but now I'm feeling pretty indifferent about the whole thing.

I'm not too far underwater, it does feel like jam tomorrow, I agree. But given the boards lack of imagination, I really do see them returning more cash to investors in the medium term, but only because they will not have the wit to invest it themselves for greater returns.

Post the turnaround, I see this as being a solid income play, but over the longer term. I'm still under water, but have done a little bit of trading and managed to get my entry point a bit lower for no extra outlay. I can see this being a 5% plus yielder in time. 2019 divis gave me around 4% on my original investment and that was after profits were hit with bid defence costs and before they had chance to reach the anticipated levels.

Interesting comment about part of a SIPP. What's your thinking? Not trying to trip you up by the way, I have a smallish holding in mine. Bought as a recovery play, as i've known about the company for years and after all it's troubles see no reason why it can't kick out cash to shareholders.

While I can see how a progressive 21p dividend looks going forward, as a longish term holder I feel a little underwhelmed. It all feels a little mealy mouthed and bedgrudged and that the shareholder is picking up the tab for their miscalculation in the French business.
Call me cynical, but it feels like the bare minimum to stop an exodus.
Has anyone got an idea of the target debt ratio which would trigger a return of what is currently 15% surplus capital? I get the impression that they'll keep revising the debt ratio, because their previous behaviour shows they care little for any class of shareholder.
I bought this as a long term income generator, with current divis being reinvested so can wait it out, but this company has seriously underperformed.