Member Info for WM2020

Mon 1.25
Fri 1.23

GLA

I'll go for 118.50p, GLA.

Or maybe, see it as a buying opportunity, I did, at 2.097.

128.75 GLA.

128.25p, GLA.

Re the share buyback, back in January Curry's announced that the first tranche of the buyback would be for a spend of 32 million by no later than 29 April. This has now been reached, some posters reading too much into this and a potential bid. Next tranche of buyback will be later in year.

Good to see the share price rise though, big test will be tomorrow, will the share price go back to where it was on Friday, just like Rolls Royce after rumour of a bid circulated on Betaville.

On a serious note, is a management buyout now on the cards? Do they have enough belief in the business??

Nige & Sharkz must have s**t themselves by 8.05 this morning. Best stay on the bog today lads.

Where's Goldfinger and the bid rumour now???

Anyone need some Pampers?

I think some posters here might need to be sponsored by Pampers tomorrow...enjoy the results!!

Tinker, my last comment for the day on this, yes the book value will reduce by 3.75 billion, however the shares in issue will reduce by approx 25% thus keeping nav/share and ultimately share price relatively the same pre and post consolidation.

The point of the consolidation is to keep share price stable pre and post consolidation, it helps keep reporting metrics comparable year on year. I've been thru this previously with Ryanair and Tesco and Aviva is no different.

@TinkerT, in your analysis you are missing one important point, when the return of capital is done, the number of shares you hold will decrease by approx 25% depending on the final consolidation ratio. You are thinking this is like a normal dividend, it's not.

You end up owning the same % in the company pre and post consolidation.

Just to add, post share consolidation you will have the same % ownership in the company as you had pre share consolidation plus you will have 500 in cash.

What alot of the posters are missing is that this is not a special dividend, does not work like that, share price will not drop on ex date. This is not a get a big payout day for free...reinvest the proceeds in Aviva for the larger dividend per share next year is the way to go. All IMHO, DYOR etc...

@Laughoutloud, your analysis is incorrect, the point of the consolidation is to keep the post consolidation share price fairly consistent with pre consolidation share price once the return of capital is paid out.

Your example below ignores the fact that you will have 500 in cash. Investors should not expect an immediate bounce in share price once the consolidation takes place.

Have to say Tom you really know how to wind up the idiots on this board, great entertainment though!

Results decent, 5 cents dividend is a bit disappointing....

Buffa, there was never an expectation that there was going to be a "special divi", board had previously flagged that there was going to be a share buyback, though with hindsight, should have started it before Christmas when share price was lower.

All in all a good set of results with good growth going forward in the new products range, alot to be happy about with good quarterly dividend payments to come.

132p for next Friday, GLA.

Jed & Volcano, the market already knows that ITV had a brilliant 9 months to end of September and that the last three months will be strong, is that going to be enough to drive the share price? Alot of this is now old news, the only new news in March will be the outlook for 2022, any change in strategy and if/when will the dividend be restarted.

With the markets being topsy turvy at the moment, there will be alot more volatile days in the coming weeks.

I too have heard a very strong rumour that a takeover of ITV is imminent. I have heard from a "City contact" that the Loose Women panel plan to table a bid for ITV, when successful they plan to sell off the ITV Studios business and play Loose Women on a 24 hour continuous loop. They expect the advertising revenue from this to fly to stratospheric levels.

If Carlsberg did nightmares......