Aviva Share Discussion Threads

[gutterhead] 05/3/2020 08:37

Solid results and dividend.
Looks very cheap. Long term income hold.

[11_percent] 05/3/2020 08:35

@CASSINI,

decided I had better things to do than get involved in the crossfire between hectorp and peterbarnes ;0)

lol....yes, they are still at it.

[wrestlingmad] 05/3/2020 08:34

Solid set of results from Aviva today.

I like the way costs are being properly allocated to business units to show their true performance.

"Other group operations" swallowed up £212 million of operating profit in 2018, down to £26 million in 2019.

This kind of action forces business unit heads to take responsibility for their own costs which can only be positive.

Was surprised not to see swifter action on reducing leverage given all the headlines.

Only £0.2 billion reduction in net debt compared to £1.5 billion target by 2022.

There's a chart in the results presentation which shows the maturity profile of debt which suggests there is ample opportunity to do more on this in 2020 and beyond.

3% increase in the divvy is always welcome and Aviva now rates a solid "hold" from me.

I would consider topping up but I'm keeping some dry powder in case of a further hit from the old Corona.

Would be interested to hear others' thoughts on today's results.

[ianood] 05/3/2020 08:32

Daniel, there is a comment upon debt reduction along the lines of following the maturity profile of their subordinated debt which kicks in more so from 2020.
Agree with you on the results obviously the attitude is under promise and over deliver - what's not to like?

[danielbird193] 05/3/2020 08:29

Solid set of results from Aviva today. I like the way costs are being properly allocated to business units to show their true performance. "Other group operations" swallowed up £212 million of operating profit in 2018, down to £26 million in 2019. This kind of action forces business unit heads to take responsibility for their own costs which can only be positive.

Was surprised not to see swifter action on reducing leverage given all the headlines. Only £0.2 billion reduction in net debt compared to £1.5 billion target by 2022. There's a chart in the results presentation which shows the maturity profile of debt which suggests there is ample opportunity to do more on this in 2020 and beyond.

3% increase in the divvy is always welcome and Aviva now rates a solid "hold" from me. I would consider topping up but I'm keeping some dry powder in case of a further hit from the old Corona.

Would be interested to hear others' thoughts on today's results.

[speedsgh] 05/3/2020 08:23

Final dividend - 21.40p
Payment date - 02/06/2020
Ex-dividend date - 23/04/2020

EDIT - Out of interest the 3% increase in the 2019 full year dividend is the lowest rate of increase since the last dividend cut...

TOTAL FY 2019 - 30.90p (+3%)
TOTAL FY 2018 - 30.00p (+9%)
TOTAL FY 2017 - 27.40p (+18%)
TOTAL FY 2016 - 23.30p (+12%)
TOTAL FY 2015 - 20.80p (+15%)
TOTAL FY 2014 - 18.10p (+21%)
TOTAL FY 2013 - 15.00p (-21%)
TOTAL FY 2012 - 19.00p (-27%)
TOTAL FY 2011 - 26.00p (+2%)
TOTAL FY 2010 - 25.50p (+6%)
TOTAL FY 2009 - 24.00p

[spud] 05/3/2020 08:18

Cracking results. Under normal circumstances I'd expect this at mid 4s but in the absence of normal market conditions, a return to above 4 in short order should be achievable. spud

[chinese investor] 05/3/2020 08:15

Slight worries about coronavirus claims !

[salver2] 05/3/2020 08:10

Excellent results it begs the question why are these so lowly rated?- what a bargain at these levels

[chinese investor] 05/3/2020 08:09

39p To 400p !

[chinese investor] 05/3/2020 07:46

Very Nice !

[garycook] 05/3/2020 07:40

Dividends Declared in Previous 12 months
Year End Type Announce Date Ex-Dividend Date Payment Date Dividend
12/2019 Interim 08-Aug-19 15-Aug-19 26-Sep-19 9.5p
12/2019 Final 05-Mar-20 23-Apr-20 02-Jun-20 21.4p
Total: 30.9p
Dividend Yield =
Total Dividends
Current Share Price
=
30.9p
350.10p
= 8.83%

[smurfy2001] 05/3/2020 07:32

Nice rise in dividend. Crazy yield. Eps pretty much covers dividend 2x.

[eurofox] 05/3/2020 07:31

2nd June final, 24th Sep interim - from Aviva corporate web site

[fenners66] 05/3/2020 07:23

Anyone found the payment date of that divi yet?

[careful] 05/3/2020 07:19

In normal times this share would be north of £5.
Great results, but events of the last few weeks, floods, virus, has changed the outlook.

hold,wait,hope.

[dr biotech] 05/3/2020 07:13

Yield 9% and a PE of 6...

I think covid-19 will be a major issue over the next few months, but this is decent value.

[skinny] 05/3/2020 07:11

.






more.....

[gateside] 05/3/2020 07:09

Dividend up by 3%

[whatsup32] 04/3/2020 21:18

Dow finished strong. Good omens

[ianood] 04/3/2020 16:38

hxxps://www.floodre.co.uk/

[thamestrader] 04/3/2020 16:08

....and they'll be jacking up premiums accordingly.

[montyhedge] 04/3/2020 15:05

I reckon figures will be ok, but what's the guidance going forward, floods and travel insurance to pay out.

[bo90] 04/3/2020 14:55

with the announcement of a considerable jump of virus cases, i can see this dwindling down