Aviva Share Discussion Threads

[spcecks] 08/4/2020 10:43

Agree where else do you put your money....I also have a large holding in Lgen so thinking about moving to them as they are still paying dividend.

[lako42] 08/4/2020 10:40

Cash for at least a while longer.

The bottom will be purely economy driven, not covid daily headlines.

[p0pper] 08/4/2020 10:36

WJ same as my break even so nursing a loss here at mo, trouble is where else do you put your money, oil's not safe, nothing is really safe is it?

[w1ndjammer] 08/4/2020 10:34

holding for now but will look for a stock to flip the lot into

I only bought AV. for the divi as we all know the share price is a damp squib at the

best of times. And the Bod are lily livered. I guess the divi will be rebased

when payment resumes, and the share price will react accordingly to settle into a trading

range 300p to 350p my BE 400p

WJ.

[cjac39] 08/4/2020 10:14

my best guess would be that because they couldn't accurately quantify the likely losses on their GI book the PRA used that as an excuse to block their divi and neds folded. they don't really know how much exposure they have on interruption in business and travel yet as with travel many airlines wont have paid out yet which might give them secondary exposures for eg. any uncertainty like that, even though directionally you can imagine its not material and offset elsewhere, is enough to get PRA to block a divi. it will be temporary though as the full underwriting results flow through in the year unless they do discover some unknown downside. obviously landg and phnx don't have these exposures so I don't necessarily see a read across but the PRA put out a statement saying how welcoming they found these measures.

[wba1] 08/4/2020 10:03

I do wonder what the allocation date is for management share options? I recall that at Hartford there was an amazing run of bad luck for the company with any bad news always seeming to emerge just before the allocation date. Some might think this suspicious. I could not possibly comment.

[32campomar] 08/4/2020 09:58

Don't understand why all these companies who have shelved dividends can't pay by way of shares (scrip dividend). They keep the money & shareholders can sell them for income or keep. A bit of dilution but it would be a very good Compromise.

[skinny] 08/4/2020 09:57

Edmund - the rest of the RNS is under the pie :-

[waikenchan] 08/4/2020 09:54

You can say bye bye future revenues from travel insurance (not many people will be travelling), car insurance (less cars being bought, likely cheaper insurance, possible insurance rebate), pension (less jobs =less pension contributions = less aum =less fee generated.

Yes the dividend cancellation sucks, but with if they get into finacial difficulty there won't be any future dividends. Its akin to killing the goose that lays the golden egg.

[spcecks] 08/4/2020 09:49

I'm holding just now as haven't decided what to do yet but very disappointed.

[alphorn] 08/4/2020 09:43

Aviva could learn something from the French as 3 million French motorists are in for an unexpected cash bonus as one insurance company is reimbursing €100million to policyholders. Bosses at MAIF decided to make the goodwill gesture having seen a dramatic fall in the number of accidents as a result of people being confined to home.
Yep, my bike has yet to move this year.

Nice gesture.

[diku] 08/4/2020 09:38

It suits each other...bonuses and freebie shares galore...



Riskblue
8 Apr '20 - 09:28 - 1992 of 1995
0   0  0



I thought they were directed to withdraw dividends by the regulator

[montyhedge] 08/4/2020 09:28

Cars claims down, hardly anyone driving.

[warranty] 08/4/2020 09:28

Very disappointing but to be fair I can see both sides of it. I would though have liked to see a cut in bonuses at least for management to show some solidarity with shareholders.

[riskblue] 08/4/2020 09:28

I thought they were directed to withdraw dividends by the regulator.

[essentialinvestor] 08/4/2020 09:27

I think this suits the CEO and CFO.

There is less than 0 chance of any buyback imv.

[edmundshaw] 08/4/2020 09:21

The RNS seems to have been issued incomplete. I didn't see the bit where directors' bonuses were being pulled. You know, to conserve cash and show solidarity with other stakeholders...

Surely some mistake??

[gbyak] 08/4/2020 09:19

Like I said it's prudent .

Yes they'll face the wrath of shareholders seeking yield but many sectors are doing the same .

Uncertain times but acting prudently now strengthens the balance sheet not weakens it

[diku] 08/4/2020 09:16

Brings back memories of Norwich Union when it first floated...

[uppompeii] 08/4/2020 09:15

Wonder if they will do a share buyback before paying a dividend ?

[igoe104] 08/4/2020 09:11

Yep i held when it was just Norwich union, it was a much better run company then.

[uppompeii] 08/4/2020 09:09

When I read that this morning I thought Moss was in charge again.

[spawny100] 08/4/2020 09:08

I'm out here on that news. Poor show to go back on previous word. I've put it all in TXP to add to position there. I believe over there you WILL see significant capital growth next 12 months.