Aviva Share Discussion Threads

[ianood] 27/2/2020 09:19

That's what I like, a dry sense of humour :)

[jeffian] 27/2/2020 09:10

#776,
Aye, I wondered about that but then thought, as I'm in the same boat myself, that the humour might outweigh the potential offence!

[cjac39] 27/2/2020 07:30

Blimey this is all nonsense. Spanish flu would be bad for av or l&g. That knocked out young lives. C-v is perfect for annuity writers as it will knock out annuitants. Bit grim to say but owning av or phnx or l&g is prob best place to be now partic phnx as full of c/d socioeconomic

[eurofox] 27/2/2020 07:19

Anyway.....I might get my second leg down. .. your wish may well be granted looking at futures this morning

[jeffian] 26/2/2020 19:19

Then buy AV. and it's a win/win either way!

;-)

[eurofox] 26/2/2020 18:43

if lots of people with annuities die earlier than otherwise, the residues of those annuities will flow straight through to the bottom lines ... the only downside is that I am one of the vulnerable people age-wise and with type 2 diabetes

[11_percent] 26/2/2020 18:08

Bought a few this morning......but I think the markets have another fall in them.

Typical10% fall.....rise....then another 10%...lets see.

[coxsmn] 26/2/2020 12:48

I'm happy to add here with a vnice 8% yield.

[spud] 26/2/2020 11:56

Frozen Aviva Fund Draws Property Interest From Potential Buyers
By Peter Flanagan
26 February 2020, 00:00 GMT



Aviva Plc has been approached by investors interested in assets held by one of its frozen Irish property funds, according to people with knowledge of the matter.

Aviva’s Friends First Irish Commercial Property Fund already had two properties at various stages of the sales process before it halted withdrawals, the company had said. It may sell another this year to finance investment in other real estate it owns, the people said.

None of the proposed deals for properties progressed beyond initial contacts, said the people, who asked not to be identified as the information is private.

An Aviva spokeswoman declined to comment.

Aviva last month halted withdrawals from the Friends First fund and its Aviva Irish Property Fund, which had combined assets under management of about 940 million euros ($1 billion), in January. The move sparked concerns about the potential for wider problems in the sector.

Before locking the funds, Aviva switched the funds’ pricing to a disposal basis which pushed down their value by just over 9% in both cases. The change indicates an intention to sell property at some point, though Aviva at the time said the Friends First fund had no plans to sell property “due to liquidity concerns.”

Irish property funds run by Zurich Insurance Group AG and Great-West Lifeco Inc.’s Irish Life unit also moving to disposal pricing amid an outflow of funds.

Redemption requests at the Aviva funds have slowed since the moratorium and pricing change, the people said.

If redemptions remain at current levels, the funds aren’t expected to remain frozen on a long term basis, they added. More than 90% of the redemptions have been requests to switch investments from the property funds to other asset classes rather than complete withdrawals.

spud

[dr biotech] 26/2/2020 11:27

I've also added 5k here just now at 376.5 (includes cost). Yield is more than 8% - not sure how the virus would affect AV should we have a major outbreak. Even if people stay inside they will still need insurance and having less people on the road should reduce accidents. Health/life insurance counterbalance by annuities should there be a lot of fatalities, which hopefully there won't.

[mister md] 26/2/2020 10:33

well I added some more Aviva & Lloyds to the portfolio this morning, with the long term in mind ;)

[gaffer73] 26/2/2020 08:29

20% drop from recent highs would suggest it's done falling.

[eurofox] 25/2/2020 20:01

you may well be right ... that would take out stops for nearly all punters on margin

[mountpleasant] 25/2/2020 19:56

I am waiting for lower, say 330p. There's no way AV business model is immune to this.

[eurofox] 25/2/2020 19:37

350p on the way after a further drop on DOW by 900 points

[smurfy2001] 24/2/2020 13:46

Coronavirus panic sees FTSE 100 fall by £64BILLION to two-month low while European markets dive by up to 4% - as IMF chief warns outbreaks risk recovery of 'fragile' global economy

[123trev] 24/2/2020 12:38

It seems to me there is something more to this virus than we are actually being told and that’s a worry. Governments around the world in panic mode and Chinese cargo ships not leaving ports! Smart phone sales down by a third in China in January companies there close to collapse virtually nothing moving.

[smurfy2001] 24/2/2020 12:12

Very true best to be cautious right now.

[123trev] 24/2/2020 12:06

If these cases keep increasing adding to the economic turmoil that is emerging and is yet to emerge then the share price here could go a lot lower and the dividend could be drastically cut as a cautionary measure. I can’t imagine why last years low won’t be tested again the news just gets worse.

[uppompeii] 24/2/2020 12:02

It's ok losing a bit from a position of strength but this hasnt exactly sparkled for a long while now...

[jordaggy] 24/2/2020 11:42

I hope they stay low, I've got some divi's coming April. This is a great income share.

[123trev] 24/2/2020 10:48

Very quiet here!