Aviva Share Discussion Threads

[imagining] 21/11/2019 08:55

Aviva is unfairly undervalued at present imv. Sooner or later I reckon there'll be a major correction in the share price This current low valuation is unsustainable given the underlying fundamentals and growth potential.

[tfergi] 21/11/2019 08:16

New boss has totally trashed the share price didn't take long.

[linton5] 21/11/2019 08:15

Come on keep dropping buddy

[longwell] 21/11/2019 07:52

On city index news being sited as take over target.Heard this about direct line as well over last year or so.Does make some sense with such low pe.If brexit gets sorted at least one of them will be taken out.Imho

[linton5] 20/11/2019 18:54

393 is next resistance on the weekly and 399 on daily so let's see if she goes into the 3s tmmw.

[essentialinvestor] 20/11/2019 18:52

Mid 3.50's..an optimist, eh )

Need the UKX a fair bit lower to get near there.
Under 3.60 in August was also partly a no deal fear risk, arguably some
of that has been removed.

Would agree though it might be worth holding off a bit, possibly.

[leedslad001] 20/11/2019 18:29

Also added today in for the long run not a trader

[scobak] 20/11/2019 18:18

And it looks likely to go down further. Keeping my powder dry for a mid 350p or lower level...8.5% divi looks achievable.

[eurofox] 20/11/2019 17:56

Have topped up again today. I suspect we have lost those punters who are in this for price gain rather than dividend. No problem - ready to top up yet again all the way down.

[uppompeii] 20/11/2019 14:58

£1.3bn special divi would be preferable...I remember when GA, before the mergers, paid some company a fortune to come up with...masterstroke...an army figure called "General Accident" complete with a comedic cartoon figure in military attire. Needless to say it was a strategic disaster.

[losos] 20/11/2019 14:47

fenners66 - "going to spend £1.3bn on rebranding ?
all the new stationery and signs will cost a fortune. New web pages .... "

Yes fenners I've seen it all before as well haha. If you are going to change things why not do it step by step, branding, stationary, web pages, and Lord knows what else all come with high prices. I once found out what some of these advertising and marketing agencies charge and it shocked me. Will someone in AV. be looking at these things, I doubt it 'cos they will get sweept up with the 'trendy' lifestyle.

Sad thing is that if the board have sanctioned all this re-branding and expensive media agencies it will likely happen. No one listens to the likes of you and I haha.

[gutterhead] 20/11/2019 13:34

agreed, boring, unambitious but safe and div is good.
buys are healthy and chances are, it ends up where it started today

[p0pper] 20/11/2019 13:21

The trouble is what other sectors do you invest in at the moment, oil must surely hit trouble soon, tobacco? mining? anyones guess as to where it is all heading. At least Insurers are relatively safe so far as cashflow is concerned.

[cordwainer] 20/11/2019 13:21

A reasonable investment for income @ 7.4% yield as long as you don't expect much growth, and probably better value than the preference shares right now.

[longwell] 20/11/2019 13:13

Take over target

[whatsup32] 20/11/2019 13:12

Just bought some more for long term hold . still of the opinion this is a defensive stock with predictable profits and good returns that’s somehow stuck with a CEO that lacks drive and ambition

[cordwainer] 20/11/2019 13:07

Anyone would think that Blue's direct online sales to the HK/asian market sounds like the more progressive business plan, so I don't see how selling out of that can help sentiment towards Aviva.

[spud] 20/11/2019 11:28

Aviva to overhaul structure and sell off Hong Kong business

Chief executive seeks to generate up to £9bn in cash flow as part of three-year target


Aviva has announced plans to shake up its structure and sell off its Hong Kong business as chief executive Maurice Tulloch seeks to revive investor interest in the insurance group.

Mr Tulloch, a company veteran, became chief executive in March. Aviva has been under pressure to define its strategy better and turn round its share price, which has fallen by a fifth over the past five years.

The company on Wednesday laid out a set of targets for the next three years. Mr Tulloch is aiming to generate £8.5bn to £9bn of cash flow between 2019 and 2022, and achieve a return on equity of 12 per cent.

He had already promised to cut £1.5bn of debt and shave £300m a year off the cost base by cutting 1,800 jobs.

Mr Tulloch said: “Aviva’s focus is delivering sustainable growing returns to shareholders. Our forecast cash flows are more than sufficient to sustain our dividend, reduce debt and grow Aviva. Our return on equity target of 12 per cent underpins our progressive dividend for the long term.”

Aviva has revealed a new structure for its business, which will in future be split into five units: investment, savings and retirement; UK life insurance; general insurance; European life insurance and Asian life insurance.

The company on Wednesday added that it would sell its Hong Kong business, called Blue, to its partner Hillhouse Capital. The operation has been radically restructured over the past two years, and is now planning to win market share by selling life insurance directly online to customers, bypassing the agents that dominate the local market.

The group this week scaled back plans for a wider sale of its Asian businesses. It announced a review of its operations in the region this year, but on Monday it said it would keep hold of the businesses in Singapore — its biggest Asian unit — and in China. Businesses in Vietnam and Indonesia could still be sold.

James Shuck, analyst at Citi, said that the strategy was: “a slow burn story that requires consistent execution vs. the more aggressive action regarding the shape of the group that some were hoping”.

spud

[p0pper] 20/11/2019 09:54

hxxps://www.aviva.com/newsroom/news-releases/2019/11/aviva-plc-capital-markets-day-2019/

[hydrogen economy] 20/11/2019 09:38

From FT

James Shuck, analyst at Citi, said that the strategy was: “a slow burn story that requires consistent execution vs. the more aggressive action regarding the shape of the group that some were hoping”.

[porsche1945] 20/11/2019 09:15

This has been a poorly run capital destructive share for ten years, like most of the uk’s ftse especially since brexit its uninvestable, just shows the error of chasing dividends. No real growth companies in uk, its why the ftse laggs the US so badly. Gonna dump my holding of these at a loss and stick the money somewhere it can actually grow, this more likely back to 3.50 that 5.50.