Aviva Share Discussion Threads

[uppompeii] 17/11/2015 15:56

Slowly but surely.

[thewheeliedealer] 03/11/2015 22:08

Hi all,

I had to buy some more Aviva a couple of days back cos I like 'em a lot !! I have done a Blog tonight on my website here:



I hope it helps, cheers, WheelieD

[lord gnome] 03/11/2015 17:21

Perhaps the message is getting through. We seem to be making steady progress recently, if a little slow. I'll settle for that. Can't complain about a steady uptrend.

[broadwood] 03/11/2015 17:05

- Aviva´s share price underpeformance versus rivals since it bought Friends Life Group is "unwarranted", Goldman Sachs said.
Since November 2014, the stock was down by 24% despite its restructuring potential. That included a material increase in the amount of cash on hand and available for distribution, resulting in a five-year compound annual growth rate of +14%, analysts Ravi Tanna and William Elderkhin said in a research note sent to clients.

European insurers on the other hand offered relatively modest growth prospects.

Currency movements (and other market movements) led the analysts to lower their earnings per share forecasts for 2015-2019 by between 5-6% but the company still held the potential to deliver on several catalysts.

At its third quarter business update, the company said it was on track to deliver 225m pounds of run-rate cost synergies by the end of 2017 and management expected to deliver "material" capital synergies in 2016/2017.

Key for the former, Aviva was expecting the UK regulator to approve its internal model in December.

Goldman took down its target price for the shares peg, to 610p from 585p, but reiterated its 'buy' recommendation

[lord gnome] 02/11/2015 14:06

Those that can, do. Those that can't become consultants. Same old, same old.

[bracke] 02/11/2015 12:36

Ironic isn't it. He fails and then becomes a consultant telling others how to do it!!

[uppompeii] 02/11/2015 11:11

Yes, thank you bracke. I must look to see if that company is doing well....

[bracke] 02/11/2015 10:49

uppompeii

Is this who you are referring to?

[philo124] 31/10/2015 09:54

Canaccord 600p reiteration.

[solonic] 30/10/2015 18:28

I think he's now managing Manchester United...

[uppompeii] 30/10/2015 17:51

What happened to the idiot who wrecked this company, did he get another job?

[broadwood] 30/10/2015 08:29

Beaufort Securities Aviva PLC 30/10/2015
Upgrades
Hold Buy
2
484.10
0

2

[lord gnome] 30/10/2015 08:23

660p? I can dream.

[samwn1] 29/10/2015 23:58

All key metrics at Aviva are moving the right direction Panmure Gordon said on Thursday.

Life value of new business did particularly well, rising by 20% over the past nine months to hit £823m, well above the £764m expected by analysts. General insurance also had a "good" quarter, with the so-called combined ratio falling to 94% from 9.59%.

The ratio is the proportion of an insurer´s losses and expenses as a percentage of underwriting profits, so a figure below 100% indicates profitability.

The integration of Friends Life will deliver much more than the market currently anticipates, analyst Barrie Cornes added.

Furthermore, at £10.1bn the company´s Economic capital surplus was "robust".

The broker added that the insurance group was "probably the most attractive looking" within its coverage universe.

The stock is trading on an IFRS earnings multiple of 9.8 for 2015 versus 15.4 for its peers and at 4.4% the dividend yield is "not meagre".

For all of the above reasons, Panmure Gordon reiterated its recommendation to ´buy´with a target of 660p.

[pj84] 29/10/2015 22:59

Positive view on Aviva,

[adelwire2] 29/10/2015 15:28

jitters - vg idea. dividends excellent

[jitters3] 29/10/2015 11:07

First ever buy in AV. looking to tuck away for a long time

[alphorn] 29/10/2015 09:41

Results look fine.

Deep in the notes is this comment "Includes c.GBP1 billion PVNBP (net of reinsurance) relating to a longevity insurance transaction completed in 3Q15".

A one-off in the normal course of business??? Does this flatter the numbers in any way???

Is this an insurance when a third party pension plan offloads longevity risk?

edit: nevertheless extended my long position.

[edmundshaw] 29/10/2015 08:10

Truly inspiring Q3 numbers. Too hard to resist! :-)

[broadwood] 29/10/2015 07:52

Aviva says it maintained the momentum of its transformation in the third quarter with further improved performance.

In life insurance, value of new business was up 25%, the eleventh consecutive quarter of growth. And it says the general insurance combined ratio of 94.0% is a more than adequate result.

Group chief executive Mark Wilson said: "This level of consistency is important as we transform and grow Aviva.

"The acquisition of Friends Life is everything we expected it to be. We have now achieved £91 million of savings against our target of £225 million. At the same time our UK Life business continues to grow and our customers are responding positively to the full range of pensions freedoms we offer.

"In asset management, our flagship fund range, AIMS, continues its strong investment performance and the Target Return Fund has recorded returns of 6.6% over the past 12 months. AIMS now has £1.9 billion of funds under management. We expect this growth to continue."

[broadwood] 29/10/2015 07:18

Confident statement. Maintaining momentum.

[alphorn] 28/10/2015 13:45

I hope that tomorrow we get some indication of the impact of the change in pension rules on Av's future business.

[grahamburn] 27/10/2015 15:23

Isn't is just an IMS scheduled for Thursday - not actual results.

[brain smiley] 27/10/2015 15:08

Results on thursday.

[adelwire2] 21/10/2015 00:36

Brokers love this share yet price going nowhere