Aviva Share Discussion Threads

[tornado12] 31/3/2020 16:19

Added another load to my portfolio @ 262p........is a steal of a price even today. Not putting in huge money, but will be significant come return to even January prices in the next year. Long term for divi yield and not running SP

[wynmck] 31/3/2020 16:09

salver-he was asked re the divi near end of interview and answered as I posted

[whatsup32] 31/3/2020 12:33

Good find spud. What we’ve been saying here for sometime .

Wonder why it’s not performing today

[salver2] 31/3/2020 12:18

I’ve listened to the aviva cfo and he didn’t mention the dividend maybe I watched an abbreviated version?

[linton5] 31/3/2020 12:16

Can anyone explain how dlg is performing so good. I can't seem to understand how they all perform so diffently within the sector

[spud] 31/3/2020 11:40

Aviva’s motor margins could be ‘significantly higher’ due to coronavirus quarantine says Jefferies.

spud

[churchill2] 31/3/2020 10:37

In regard to the attractions of life companies Prudential seems to be neglected.

Seeing as they are concentrating on the huge Asian market with Life and Health Protection policies ( No NHS ) with plans to change their exposure in the States I would suggest prospects in the long term are extremely attractive.

The other point being Asia is three months ahead of the World re CV and Prudential claim that the financial impact so far in Asia of CV has been minimal.

[linton5] 31/3/2020 10:05

I'm so relieved that's my only income for 6month cheers AVIVA😘

[spcecks] 31/3/2020 09:40

wynmck Thanks for the information on dividend.

[smurfy2001] 31/3/2020 09:32

Glad to see posts on the dividend, like l said even in 2008 when the price was on it's knees they paid a dividend.

[wba1] 31/3/2020 09:22

I generally agree with cjac39 about the attractions of life company shares (even if we will continue to disagree on the quantum of benefits from annuity reserves). However, short term some general insurers look even more attractive with the large reductions in motor claims in both PL and CL, and reductions in EL/PL/annual travel also likely and property possible. The main problem is that there are few focused general insurers (Sabre/Hastings/Hiscox/DL plus the reinsurers such as Lancashire). But I see them as trading options.
For long term holds and dividends it is difficult to look past the utilities. My only income stock up this year is United Utilities. But I hold Aviva and L&G, will continue to hold for recovery, and will top up on falls below 250/175. I also dipped into Lancashire again recently (having held in the past). Their business model returns surplus capital as special dividends, so either a big divi will come next year or they see a big business opportunity.

[spud] 31/3/2020 08:53

Of course they will. I don't understand why anyone thought they wouldn't!spud

[wynmck] 31/3/2020 08:51

CFO just interviewed on cnbc....when asked if divi payment still on...said we declared it, have the ability to do it and see no change to those plans

[panshanger1] 31/3/2020 08:45

Aviva CFO on CNBC Will still pay dividend!!

[spcecks] 30/3/2020 23:28

cjac39 I've also been buying Lgen had a few housing stocks but feel there to risky now so sold and added to AV.

[cjac39] 30/3/2020 23:03

im not so keen on these infra things. ive always thought they are too reliant on leverage to make a mispriced investment work. the only levered investments ive got are the life cos as they are modestly levered and prudently reserved so in environments like now will do well. however having said that ive also punted quite a bit on hvpe and iii as i think their beaten up way below fair value

[cjac39] 30/3/2020 22:50

whatsup32 youve got to understand the difference here. in 08 everything was in liquidation mode. cds spreads were implying 25% of the largest credits in europe were in default. every bank and most insurance companies were on paper zeros, equity markets were in freefall as there was no idea what was next. hy spreads reached 20%! thats %.

i agree with you its apocalyptic and weird having nothing for three months buts its quite a different thing.

korea level testing in uk, europe and us plus prospects of cure by xmas and this thing blows over

a few obvious casualties but take carluccios as case in point. if im a rich restauranteur who can buy 24 sites in june and ressurect its a fairly simple trade.

step away from the hyperbole and buy the mispriced companies as its a decade opportunity

[carpingtris] 30/3/2020 22:49

cjac..

TRIG divi still intact.
CRL worth a look??

Legg mason global infrastructure fund acc.

For what it's worth :)

[boystown] 30/3/2020 22:37

This is very interesting for anyone feeling even half slightly bullish about buying quality assets on the cheap;

hxxps://www.spectator.co.uk/article/The-evidence-on-Covid-19-is-not-as-clear-as-we-think

cjac39 - LGEN LLOY EDIN BARC RBN IUKD WYN HSBA BT.A, fwiw

[cjac39] 30/3/2020 22:34

i disagree. i was in centre of 08 running a life company. equity markets and revenues are one thing - money and credit quite another, if money and credit becomes dislocated it is truly systemic. central banks know this from early 09 and they will not let that happen. ie fed is buying etfs and credit. equity markets arent that important or systemic really and i would characterise this as a mild hurricane really. but maybe im wrong and the people who were bullish two months ago that now think armageddon has been reached are right. thats the fun of investing!

[cjac39] 30/3/2020 22:29

out of interest what else you chaps investing in? ive been buying all life insurers all the way down Phnx jrp landg mang av plus also taking this opportunity to buy berkshire and rga. for me it feels like a once in a decade opportunity to buy companies at massive discount to book value. the economic hits to these cos will be modest and in case of berk they had 25% or $120bln in cash and are provably the best capital allocators of all time. interested in what other bargains are out there?

[whatsup32] 30/3/2020 22:29

cjac39 . It’s worse then 2008 ,
2008 was a financial crises and cure was to pump money into the system to stabilise it . This is different, the whole worlds economy has come to a grinding halt , businesses closed , city’s closed , countries closed . Everyone sitting at home producing nothing , Governments throwing money like confetti and hardly anyone paying taxes.

Trump is trying to get people back to work ASAP.

Future is Orange , but unfortunately not bright

[cjac39] 30/3/2020 22:21

there is definitively no reason nor financial outcome where av need to cut the div. but having been a ned on regulated and other companies i can tell you that they are super cautious as why wouldn't you be as a ned vs downside risk so when people start cutting the insurers will follow even if financially they dont need too. personally i think we are close to the bottom of this and i dont think its remotely like 08

[whatsup32] 30/3/2020 22:07

Boystown . Well said ,