Aviva Share Discussion Threads

[eeza] 08/4/2020 21:32

Management's credibility is the problem.

They don't have any.

[yf23_1] 08/4/2020 20:35

It seems a bit silly really, if you wanted to sell because of no divi at the closing price yesterday then fine, but to sell at the open after a heavy markdown is just daft as they have already derated to reflect their current income status AND you're giving up the chance of the divi you didn't get yet.

[actybod] 08/4/2020 20:31

I thought the reaction today was going to be worse.

[whatsup32] 08/4/2020 20:28

spcecks someone posted 300k shares between 3 directors on 2nd April.

[spcecks] 08/4/2020 20:24

I also believe the share price is to cheap that's why i have decided to hold for the long term.

[yf23_1] 08/4/2020 20:16

Although the shareprice is down today, look at the days graph.
They are clearly being accumulated from the initial sell-off.
Nothing has changed financially, only the rating given by disgruntled shareholders which are being replaced by others who perceive the derating to be a free gift as their income requirement may not be so vital.

[spcecks] 08/4/2020 19:49

chambersiaian I also read it the same way as you just a delay.....I don't see any big director sales some are talking about.

[hallucinogenix] 08/4/2020 19:48

I personally think the correct thing would have been for all companies to honour any previous dividend announcements / finalisations confirmed by the company boards, but suspend any further dividend activity or payments until further notice in agreement with BOE advice - However the damage is now done !

[whatsup32] 08/4/2020 19:43

igoe104 . Not sure if it’s same but the video I saw linked here last week? Had a banner that said dividend would be paid. He actually never said it in the interview.

[igoe104] 08/4/2020 19:31

chambersiain,

The non-payment of the dividend isn't the big issue. the issue is CFO announcing the dividend is going to be paid on CNN, and him and various other board members selling there shares-before announcing the non-dividend payment. At a higher price.
THATS MISLEADING SHAREHOLDERS.

Also its better p/r to pay the dividend, when investors look to invest in reliable insurance company, they will choose L@G as whey will be trusted more. which means they will eventually be running off a higher P/E.

These will be staying a single digit P/e, (The cant be trusted brigade )

[chambersiain] 08/4/2020 19:28

Mount pleasant, read it many times, initially I thought it was cancelled, but fine detail explains that they will make decision in Autumn on payment. They will need a very good reason not to pay and we should get a clear idea in May. Just remember money stays within Aviva and isnt being paid to 3rd party for wrong doing such as PPI. For one I'm pleased with the decision and feel it's a prudent move which allows them to call on government help if needed (very unlikely), also good PR to do what BoE has requested. Solid BUY from my point of view, and with time will be quids in

[2wild] 08/4/2020 19:22

Bunch of fraudsters the lot of them. Insider dealing goes on all the time, extremely rare in the UK for anyone to get sanctioned let alone prosecuted.

To be fair they were pressurised by BOE and the regulator to suspend. May not have been a bad idea not to cross them. Eg look what happened to the banks with PPI. Would've also been slated in the press which could have damaged the brand.

[igoe104] 08/4/2020 19:17

Not being funny, but to get a top job for a big FTSE 100 you should have had previous experience and a successful CV as a CEO- running big companies. This guy they appointed a couple of years has just only worked for Aviva and gone though the system, and has no experience as a proper CEO. The company needed fresh blood someone with previous experience in the industry to shake all these dinosaur board members into place. He needs kicking out with his mate CFO, and two others with good credentials to replace them.only then will we see a big improvement in the share price £6 plus.

[warranty] 08/4/2020 19:15

Agree with that chambersiain, if the board paid the dividend against advice, then things worsened and they needed government support, they could be denied it. If things turn out better than expected the dividend can easily be paid as a special, so it’s not definitely lost completely. Who knows what the future holds at the moment so best to be prudent.

[chinese investor] 08/4/2020 19:11

"Aviva has announced that it will no longer pay its final dividend for 2019.
This follows requests for dividend 'restraint' from UK and European regulators."

[mountpleasant] 08/4/2020 19:06

Its not delayed. Read the wording.
And the following dividend is in doubt also.

[chambersiain] 08/4/2020 19:03

That's how I read it, it's a delay, to help them through this uncertain period and Potentially use government furlong scheme if required, think they would struggle to access that if going against BoE wishes

[spcecks] 08/4/2020 18:58

Hopefully the dividend is just delayed and we will get it later in the year.

[tornado12] 08/4/2020 18:52

A massive point for AGM as they need to come clean later this year to justify 100% suspension of the Divi. It’s not acceptable to shun the shareholders and treat them as the bottom feeders in the pool. Terrible management!

[123trev] 08/4/2020 18:49

It’s a blow here but hopefully a temporary one unlike NMC and many other stocks that liquidate or never really recover leaving shareholders with heavy losses and life changing decisions to make.

[igoe104] 08/4/2020 18:40

Shareholders have been sold up the river, whilst directors have cashed in their shares -while investors were informed they were getting a dividend- via an CNN interview. The whole situation smells, at shareholders expense.

[eurofox] 08/4/2020 18:40

would that be at an interest rate of 0.1% ?

[chambersiain] 08/4/2020 18:35

I'm not so sure about that Spud, what about the progressive dividend policy, nothing has been declared by the board that has changed that. Unless they have massive writedowns which are announced in May I see no reason why the delayed dividend isn't paid in full, not sure we will get any interest for the delay, buy worth asking that question at the AGM

[hallucinogenix] 08/4/2020 18:29

This is gonna be a triple whammy - not only have the shares tanked due to Coronavirus, but the people who couldn't sell due big losses at least had the consolation of a decent dividend, but now that's been cancelled which will now cause everyone to jump ship and cause the share price to drop even more. The dividend cancellation will probably cause more damage than good - This is a terrible move by Aviva and will have prolongued conseqences partially due to lack of trust.