Aveva Share Discussion Threads

[wjccghcc] 10/8/2007 09:31

Well they wouldn't let me buy any at 750p. Hopefully it will get back there again.

[hitchinhoncho] 10/8/2007 09:01

I think a lot of people taking their profits.

[v01101999] 10/8/2007 08:17

still falling, is it based upon news or just general malaise.

[johnrxx99] 10/8/2007 04:32

Can investors be that thick?

[v01101999] 09/8/2007 21:38

this mistake can be made by one or two people but I am sure it cannot cause a 10% drop. I agree a part of the fall today was due to general malaise in FTSE 250 stocks. But somehow a part of me finds this stock a bit expensive. I am waiting for the right moment to enter again.

[mikeprior] 09/8/2007 17:29

Just a thought which is very much a long shot but in the news today is this report about the insurance company Aviva....hopefully not a case of mistaken identity with Aveva causing the big fall today.


From Times Online
August 9, 2007

Aviva profits swamped by £400m flood bill
The UK's largest insurer reveals a 34 per cent decline in UK profits after 'some of the worst floods in living memory'Dearbail Jordan
Aviva, Britain's biggest insurer, has sustained £400 million in weather-related losses during the first seven months of the year, as its operating profits fell 8 per cent to £1.54 billion.

The insurer reported a £235 million loss in the six months to June 30, 2007, £175 million of which directly relates to this year's floods, with the subsequent bad weather during July adding a further £165 million to Aviva's losses, which will be reported in its full-year results.

The company said today that "some of the worst floods in living memory", as well as an increasingly competitive market in general insurance, reduced profit in its UK business by 34 per cent to £560 million during the first six months of 2007.

Aviva's UK business, Norwich Union, which insures one out of every five homes in Britain, has increased the cost of household insurance by 10 per cent.

Although Andrew Moss, the group chief executive at Aviva, said that home insurance claims had been rising before the floods, because of increasing numbers of bathrooms being added to homes, thereby increasing the risk of water damage, and the prevalence of expensive wooden flooring in houses.

Underwriting profits from general and health insurance fell from £222 million last year to a £46 million interim loss.

Operating profits, which fell from £1.67 billion in last year's interim period to £1.54 billion, narrowly missed City forecasts which pegged Aviva's operating income at £1.56 billion.

Despite the weather's adverse effect on profits, Aviva remained upbeat, revealing that worldwide sales of its insurance products and services had risen by 25 per cent to £19.2 billion. However, shares fell from 705.5p to 697.5p in early trading.

Revenue from Aviva's US operation, boosted by the £1.6 billion acquisition last November of the local insurer AmerUS, which is now known as Aviva US, increased by 51 per cent to £1.7 billion.

Mr Moss said: "Overall, Aviva has performed well in the first half of 2007. Substantial weather related losses in the UK have been countered by strong growth across our life and asset management business."

The company also said today that its exposure to the troubled US sub-prime mortgage business was "negligible" through its asset management business which operates as Morley in the UK.

Aviva US has $30 billion (£14.7 billion) worth of assets under management which the company said had only a "tiny" exposure to collateralised debt obligations (CDOs).

These are a type of asset where debt is repackaged, invested in and sold on and is also a source of potential concern in today's market because it is often difficult to determine if there is high risk debt mixed in with other debt in the CDO. Aviva said that it has £377 billion worth of assets under management and a robust risk assessment system.

[wjccghcc] 09/8/2007 17:04

I think you'll be lucky to get anywhere near that unless the market really does crash in which case all bets are off. They're more likely to exceed forecasts than warn IMHO. Today was more the result of a large automated sell program across much of the FTSE 250 rather than anything stock specific.

Still, 750 would make a nice re-entry point.

[v01101999] 09/8/2007 16:52

I think the bottom is now fallen. I would expect them now to go to 750/700 level soon. I hope there is no profit warning in offing. These are expensive shares and may not afford a bad news.

[hitchinhoncho] 09/8/2007 13:11

Thanks, guys. It's certainly holding up better than some of my other holdings in the turbulence.

[v01101999] 09/8/2007 12:06

from the charts perspective I seems to be topped up and if 880 does not hold, we are looking at 800 as next stop. I have closed my long positions at 921 and I am now expecting it to dip before buying more.

[hitchinhoncho] 09/8/2007 10:15

Little slide here, has anyone seen any recent negative comment? I got my last week's Money Week five days late due to the postal strike and saw their resident analyst recommended taking profits because of the high rating and the passing of the recent "near-perfect conditions in Aveva's target markets." Points out we had "Solid Progress" reported this year against "Unprecedented Demand" last and that the CEO and finance director sold shares in December at 720P.

[spongman] 25/7/2007 17:59

Roll Up! Roll Up!

Bargain hunters; Fill yer Boots.

Might even treat myself at these levels.

Regrds
$pong

[johnrxx99] 13/7/2007 03:32

I suspect the share price is back on course for some steady growth. The market for their products is still strong and some good news will help a lot. Question is the wider market but that's another day!

[sharw] 12/7/2007 17:15

Well, we may not have made a closing high but there was an intraday one with 5 small trades at 1000/1003 around 14.20

I am quite optimistic that the price has further to go.

[wjccghcc] 12/7/2007 15:52

Not sure they need a dual listing. They are well appreciated and well followed in the UK so why go through the Sarbanes Oxley nightmare?

The takeover scenario however I do believe. They have moved ahead significantly of Intergraph in vision and execution.

[sharw] 12/7/2007 14:06

The market has reacted well to the new non-exec. as well as the earlier statement and helped by the Panmure Gordon note (see link at top). At this rate we could have a new closing high above the 9th. February record.

It may be wishful thinking, but I am wondering if the market has noted the emphasis on taking ARM to a dual NASDAQ listing among his other credentials. Has he been brought in, inter alia, to advise AVV on the same?

[wjccghcc] 12/7/2007 08:48

To be fair it's really only a statement about Q1 given it's their AGM today.

They'll do a more comprehensive one at the end of the interim period in September, which given the conservative management speak, is likely to be at least in line with and probably ahead of expectations.

[sharw] 12/7/2007 08:07

Trading statement looks OK at first glance but the management speak is getting bad. When is a trading statement not a trading statement? Answer: when it's an Interim Management Statement. Do we have demand for our products or does demand come from our customers? Neither - demand is something that occurs 'across our major verticals'.

Just opened at the point of Tuesday's close so looks as if yesterday's wobbly is out of the way with a neutral reaction to the statement which contains no big news, good or bad.

[johnrxx99] 12/7/2007 01:00

Very strange and was getting near a breakout as well.

[flyfisher] 11/7/2007 16:49

agm thursday , maybe some trading comment ?

[spongman] 11/7/2007 16:37

Very odd price action today. Someone know something I dont?

regrds
$pong

[arnie] 07/6/2007 14:27

would top up at this level if i had some dosh

[johnrxx99] 07/6/2007 13:16

what a bad day.

[sharw] 28/5/2007 16:55

Tipped in the Independent last Thursday: