Aviva Share Discussion Threads

[spcecks] 18/11/2019 12:07

Also happy to see them keeping these operations.

[w1ndjammer] 18/11/2019 11:27

maybe a case of buy the speculation, sell the News.

as in its all good...........

WJ.

[bothdavis] 18/11/2019 11:25

Typical market makers reaction - would rather sell off the growing more profitable part of the business for money in their pockets now, rather than wait and invest long-term. Short termism!

[lord gnome] 18/11/2019 11:24

Happy to see them keeping these operations. Where else is long term growth coming from? Sadly, this is a typical market reaction. Share price will recover in short order.

[spud] 18/11/2019 11:12

Seems straightforward enough:

Aviva To Retain Its Singapore Business

CONTRIBUTOR
RTTNews.com RTTNews
PUBLISHED
NOV 18, 2019 3:33AM EST

(RTTNews) - Aviva plc (AV.L, AV) said, following a review of options for the Singapore business including seeking offers, the Group decided to retain the business. Also, the Group's joint venture in China will be retained. Aviva said its Singapore and China business units are earning attractive returns, and both countries are expected to pay dividends to group centre in 2019.

Aviva is continuing to explore strategic options for the operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country.

spud

[woodhawk] 18/11/2019 11:10

Happy to buy more at less than 415p this morning.

[smokybenchod] 18/11/2019 10:55

I agree would buy more but already overweight

[nerja] 18/11/2019 10:53

At this rate we will be back to 400p by the end of the day.

[tfergi] 18/11/2019 10:51

Why the collapse - it's profitable and paying a dividend

[skinny] 18/11/2019 09:49

.

The following amendment has been made to the 'Response to Media Speculation' announcement released on 18 November 2019 at 08:14 under RNS No 7191T.

*This announcement contains inside information. The person responsible for making this announcement on behalf of the Group is Kirstine Cooper (Group Company Secretary).

All other details remain unchanged.

The full amended text is shown below.

Aviva plc statement on Asia strategic review*

Aviva plc ("Aviva") notes recent media speculation regarding its Asian businesses. Following a thorough review of options for the Singapore business, including seeking offers for the business, Aviva has concluded that the best value for shareholders will be achieved by retaining the business.

Aviva can also confirm that its joint venture in China will be retained, given the scale of the market, excellent relationship with its partner COFCO and the high growth prospects.

Aviva's Singapore and China business units delivered double digit operating profit growth in 2018 and are earning attractive returns. Both countries are expected to pay dividends to group centre in 2019.

Aviva is continuing to explore strategic options for its operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country.

*This announcement contains inside information. The person responsible for making this announcement on behalf of the Group is Kirstine Cooper (Group Company Secretary).

ENDS

[danielbird193] 18/11/2019 09:41

Massive overreaction to a relatively benign RNS. They've looked at the Asian businesses and decided to keep some of them. They continue to look at options for the others.

Non-story.

Might one even suggest...

FAKE NEWS!!!!

[gregsc] 18/11/2019 09:41

I bought these at 332 a while ago. Dividend is really good too.
Very happy to hold.

[whatsup32] 18/11/2019 09:20

Hopefully should recover most of today's loss by end of day.
Totally comfortable holding these long term .
Fantastic dividend return

[shieldbug] 18/11/2019 09:19

Bloomberg are reporting this as a confused statement. Having read the RNS it seems pretty clear. They are retaining two high growth businesses. Three other businesses are still under review. Don't see the problem.

[spud] 18/11/2019 09:10

Market overreaction to a sound business decision - Great buying opportunity imo.spud

[tfergi] 18/11/2019 08:29

Growth area. All good long term

[eeza] 18/11/2019 08:28

RNS - retaining far east businesses.

[tfergi] 18/11/2019 08:26

What just happened

[nerja] 18/11/2019 08:25

Timberrrrr, effing hell!

[smurfy2001] 13/11/2019 00:45

Up 3.20% (~£2K) on 424.82 average still targeting 500p. If it wasn't for Brexit we'd be there.

[whatsup32] 12/11/2019 19:01

I’m nearly breaking even with dividend received .

Happy days.......well nearly

[gateside] 12/11/2019 18:40

I'm almost back in profit!

[whatsup32] 12/11/2019 18:10

Seems to be on an uptrend , hoping it continues for a few weeks.
Loving the sustainable dividends