Aviva Share Discussion Threads

[whatsup32] 02/4/2020 14:34

We are all suffering but some more then others. Here are 4 different sectors.

Metro bank .85p. Down 90% on year
Tullow oil .11p. Down 96%
Restaurant group Down 67%
Aston Martin .88.Down 90%

Aviva 247p is down 47%. I think we should console ourselves in that our investment hasn’t dropped as far and we have invested reasonably well.

Boys Aviva is a good investment with good future even though I’m in at 470p , I know given time it’ll come back.

Wish all the best in these really nasty times

[spud] 02/4/2020 14:12

Most invested here are all about the yield. If you want capital appreciation, perhaps something like INL. I made my money by investing in growth stocks like LOQ (latterly ACSO) and rode that particular train from 21p to nearly £30.

I hasten to add that I didn't buy all mine at the bottom or sell all at the top though!

spud

[spcecks] 02/4/2020 13:59

I also rely on the dividends for income as I could not live of interest rates.....I'm hoping Aviva will still pay it as I have a large paper loss.

[crossing_the_rubicon] 02/4/2020 13:51

"cool hand kev2 Apr '20 - 13:47 - 1714 of 1714
"I would need £3-4m in the bank to provide a reasonable income"
What type of lavish lifestyle to you lead. Is this funds to service your Helicopter?


"Interest rate 0.1%"

0.1% of 3 million is?

Tad frugal lifestyle if you ask me.

Even at 1% interest rate, 3 million is £30,000pa.
Or £2500 per month gross before tax.

Again looks very frugal to me.

What's lavish about it?

[cool hand kev] 02/4/2020 13:47

"I would need £3-4m in the bank to provide a reasonable income"
What type of lavish lifestyle to you lead. Is this funds to service your Helicopter?


So what would be the benefit to Joe Public for Insurance Companies to cancel their Dividends ?

[crossing_the_rubicon] 02/4/2020 13:46

Nailed it gary1966

[whatsup32] 02/4/2020 13:32

fear not , I’m optimistic in that we’ll weather this and Aviva is a safe long term hold.

[gary1966] 02/4/2020 13:17

whatsup32,

We are clearly at a different stage in life. For years successive governments have prioritised everyone/thing over savers. House prices and borrowers are always top of the queue. I would need £3-4m in the bank to provide a reasonable income which I hope we can both agree on. I am sure there are people out there that have that kind of money but I and I am sure many others are not one of them. I am not taking on risk during retirement through choice but necessity as a result of who and what successive governments have chosen to prioritise.

[whatsup32] 02/4/2020 13:07

Gary1966.

If you buy shares you buy risk simple as that, Government doesn’t give a hoot about savers I agree but they are not forcing AV. to cancel dividend either , If ? they cancelled it will be managements decision , it’s why they cancelled that’s important .

I accept you may have lost recovery potential with fewer shares but it could also be where they reinvested the div. money your fewer shares performed a lot better hence again you are back to square one.

[gary1966] 02/4/2020 12:56

whatsup32,

No I am not as in your scenario I am being forced into selling an asset that is grossly undervalued and will be even more so when it goes Xd. I have permanently lost the recovery potential and future income of the shares that I have had to sell. This is why in retirement it is essential to live off income rather than capital. Once you erode capital the effect compounds over the years and is very destructive to wealth.

[whatsup32] 02/4/2020 12:49

Gary1966.

I don’t understand this obsession with dividends. If Aviva went 20p xdiv today then all been equal share price will drop 20p too. So we are back to square one. In other words if you sell shares of the value you would have received in dividends then you are also back to square one.
Tax wise it may even be prudent to sell share as you would not pay tax and show some losses to reduce your overall tax burden.

If company can show to market they have found better use for the money it will be seen positive and share price would reflect that.

I’m in at £4.70 so believe me I want this to go up but I also know realistically I’m in for the long haul

[gary1966] 02/4/2020 12:40

whatsup32,

No it isn’t. I can’t pay my bills with buybacks but can with dividends, I am sure I am not the only one out there that is in this position. As usual the government doesn’t give a sh*t about people like me but then in the next breath are pushing for us all to save and provide for ourselves in retirement.

[whatsup32] 02/4/2020 12:21

I don’t mind if they cancel dividend if they can invest it better then I’m all for it. Even cancelling div. and buying back shares yielding 12% makes sense as it would improve PE going forward and reduce amount paid in div.

It’s really the reason behind non payment rather then non payment that’s important

[spud] 02/4/2020 11:41

Was going to say something but then couldn't be bothered!

spud

[eeza] 02/4/2020 11:40

PHNX and SLA have gone XD today - not paid their divs (yet).

[linton5] 02/4/2020 11:10

I'm heartened to see today Phnx, omu, sla, mony,have payed there dividends similar sector well done them as I keep saying this is peoples yearly income they are relying on and arnt entitled to any of these new declared pay outs from government. That's the reason I became a shareholder with aviva for my old age survival. Oh to be a bit loss change in these mega millionaire footballers 🐰

[action] 02/4/2020 10:40

You will get you wish fulfilled in April 2020.

[lord gnome] 02/4/2020 09:22

I think it would take an even braver man to pay the dividend. As much as it will hurt me, I've already written it off.

[spud] 02/4/2020 09:08

Having seen the destruction in the banking sector caused by the BOEs edict, it would take a brave (read foolish) man to cancel the dividend here imo.spud

[cjac39] 01/4/2020 23:02

i suspect you will. i was on the board of a life co through 08/09 and this is a minor event compared to the carnage then. but the speed of the market falls now are quite amazing and indicative of the nature of leverage in the quant funds and risk parity strategies. doesnt help uk keeping shorts open vs europe not so everyone shorting uk as proxy for europe. aviva, landg, phnx, just are so incredibly cheap and well capitalised to invest through this. ive also taken this opportunity to invest heavily in berkshire who are demonstrably the best capital allocators of all time and had $120bln of cash going into march

[spcecks] 01/4/2020 22:55

Sitting on a big paper loss at the moment but no intention of selling.

[spcecks] 01/4/2020 22:53

I've been drip feeding money into Aviva the last month and have a substantial holding hopefully in couple of years time I'll be sitting pretty.

[smurfy2001] 01/4/2020 22:52

Indeed if these get anywhere near 150p it will be a steal

[spud] 01/4/2020 22:29

Great time to buy for the long term. There's going to be some seriously wealthy investors 2 years down the track who had the balls and forethought to invest at these prices. These opportunities only come once in a blue moon. Short(ish) term pain for long term gain. spud