Aviva Share Discussion Threads

[cjac39] 13/5/2020 19:09

V gloomy note out by ubs today on life insurers. Basically said if credit and housing markets go down there’s trouble ahead. Particular focus on illiquid prop, Infra and erm assets. Basically was nonsense and ignores these are bilateral and in-house arrangements and they look to long term cash flow rather than mtm and ratings are internally generated. Indicative of the scare stories doing the rounds presently that are keeping life ins prices low

[cjac39] 13/5/2020 19:05

I think that’s right but I think mkt update pre agm next thu

[whatsup32] 13/5/2020 18:44

I have 26th May for annual general meeting. Did you have different date ?

[cjac39] 13/5/2020 18:22

mkt update next week though so we shall see. hopefully some clarity on key moving parts of bi and reinsurance support. doubt we will hear more on divi yet.

[whatsup32] 13/5/2020 17:46

Spud.

Did you have to remind us :)

21.4p payable 2nd June

[spud] 13/5/2020 17:40

I don't think those investors advocating reductions or cancellations of dividends realise the effect on the price of a pure dividend stock. spud

[ftime] 13/5/2020 17:04

A bit of research which backs up what we all know...

Since 20 Feb when the decline really started these insurers are down by the following %...

Direct Line -20%
Phoenix -27%
Prudential-27%
Standard Life -34%
RSA -35%
Legal & General-38%
AVIVA -42%
Hiscox - 46%

Only Hiscox who as we know are in possible Covid-19 claim related trouble are worse than Aviva. Most of the above have released statements which seem to boost the price at least in the short term. Aviva still nothing other than withdrawing the divi. Provided there's no bad news when Aviva release their statement some time after Monday I'm hoping for a 6-10% price hike on the day. This seems to have happened elsewhere. Here's hoping anyway!

[whatsup32] 13/5/2020 16:57

I bought at £4.70

Goes down any further and I’ll be certifiable

[essentialinvestor] 13/5/2020 16:39

You must be near a notifiable holding by now.

[eurofox] 13/5/2020 16:29

added at 235.1

[linton5] 13/5/2020 16:03

Yes we all know so come back same time next year 🙋

[32campomar] 13/5/2020 15:52

Hope everyone is still hanging in there waiting for a retest of the 200p low. Cos it's coming. US markets will pull us all down in the coming weeks. DYOR

[spud] 13/5/2020 15:44

To outline above/below link:

The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.

The risk transfer deal will cover the benefits of 2,300 members and takes advantage of an umbrella contract with Aviva agreed as part of a £1bn transaction earlier this year.

The scheme had also completed separate £1bn and £400m buy-ins with Pension Insurance Corporation in February and April.

spud

[milliethedog] 13/5/2020 11:30

Same here. I have my core holding (from mid March) but am also taking the odd profit if i feel the share price has topped out.
Doing this with BT, LGEN, AV & HSBC
Sold all my RDSB & IMB for ave 26% profit after divi cuts started to look like a trend. Divi stocks have become growth stocks at these levels imo.

Also looking at M&G, but do not hold a position yet
Waiting for BT @ £1 & AV to drop to 230(ish) and bounce off to 250/260

Good luck all.....

[eurofox] 13/5/2020 10:57

trading ups and downs as well as occasionally adding to core holding - average on core holding is 244. I pull the trigger based on my reading of level 2 activity (sometimes even if it means a loss). But my core holding is remaining intact and growing at these prices.

[wadders5] 13/5/2020 10:42

First time posting!

Eurofax - i notice you are posting you purchases. Are you trading the ups and downs for profits or just adding or adding to average down? I have a recently purchased decent holding at a good average which is a long term hold. Just topped up another 21k shares with a view of trading a bit if the rises are there. If not ill just leave. If you are trading are you setting yourself an amount increase before pulling the trigger?

[eurofox] 13/5/2020 08:40

added at 236.7

[whatsup32] 12/5/2020 21:16

Sale of Agnelli insurer PartnerRe to Coveo collapsed. FT

[moontheloon] 12/5/2020 19:49

Or promotion to the premiership does not get quashed by a virus

[neophytos] 12/5/2020 15:00

"The Board recognises the ongoing importance of communication with shareholders"

LMFAO!!

Neo.

[wba1] 12/5/2020 14:59

A question just out of interest.

Seeing the change to the AGM (which mirrors that in other companies) I wondered about the legal position regarding shareholder voting. My understanding of the law is that it is fine to have an online location for an AGM as well as a physical location. However, I also understood that shareholders have a legal right to vote in person (rather than by proxy). It is unclear to me whether the proposed online facilities include some means for shareholders to exercise their vote (other than by proxy) and, hence, whether this infringes on shareholders legal rights. Does anyone know if a facility for online voting is to be provided, and what the precise legal position is regarding voting rights?

I am sure there are other potential issues such as the right to split proxy voting and my main interest in this matter is simply wondering how well this has been thought through or whether it represents an attempt to avoid scrutiny.

[igoe104] 12/5/2020 14:00

UPDATE ON ARRANGEMENTS FOR ANNUAL GENERAL MEETING



Aviva plc ("Aviva") announces a change of venue and confirms the format for its Annual General Meeting ("AGM"). The notice of the AGM, scheduled to be held at 13.30 on Tuesday 26 May 2020 at the Queen Elizabeth II Centre (QEII), was circulated to shareholders on 21 April 2020 (the "Notice of AGM").

The Board has been closely monitoring the evolving Coronavirus (COVID-19) situation and recognises that UK Government guidance continues to require social distancing and prohibits mass gatherings.

Change of venue and update on arrangements

The Board has decided to change the venue of the AGM to the Company's Head office at St Helen's, 1 Undershaft, London EC3P 3DQ. The AGM will take place at the same time, 13.30, and on the same day, Tuesday 26 May 2020, as previously notified to shareholders.

The arrangements for the AGM are as follows:

- It will not be possible for shareholders to attend the AGM in person. Please do not travel to the venue, as anyone who attempts to attend the AGM in person will be refused admission.

- The AGM will be convened with the minimum quorum of shareholders as stated in the Articles of Association. Aviva intends to facilitate the establishment of the quorum on this occasion. Social distancing measures will be in place.

- As shareholders will not be able to attend the AGM in person, they should vote by submitting a proxy in advance of the AGM. To ensure that their vote counts, shareholders should only appoint the Chairman of the AGM to act as their proxy. Details of how to submit a proxy are set out below.

- The AGM will focus on the formal business of the meeting as set out in the Notice of AGM.



The Board believes these measures are necessary and appropriate in light of the current pandemic, in particular, to protect the health and wellbeing of the Company's shareholders, employees and the wider communities in which we operate.



Shareholder engagement

The Board recognises the ongoing importance of communication with shareholders at this time. Shareholders will be able to watch a shareholder presentation following the AGM during which they will hear from the Chairman and CEO and receive an update on our community activities as part of supporting the Covid-19 efforts. There will be an opportunity for pre-submitted shareholder questions to be answered during the presentation. Should a shareholder have a question that they would like to be raised on the business of the AGM, we ask that they send it by email to [e-mail] by 1pm on Friday 22 May 2020. Full details on how to watch the shareholder presentation will be available on www.aviva.com/agm in due course. Shareholders are urged to vote by proxy, as described below.



Reminder to vote by proxy

We urge all shareholders to register their vote in advance by appointing the Chairman of the AGM as their proxy and giving voting instructions at www.investorcentre.co.uk/eproxy; by CREST or Proxymity voting; or by sending a completed Form of Proxy to Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY; by 1.30pm on Thursday, 21 May 2020.



Shareholders who have appointed a different proxy should contact Computershare on 0371 495 0105, or [phone] if calling from outside the UK, as soon as possible. Other proxies will not be permitted to attend the AGM.

Further updates

The Board will continue to monitor the situation and may, if necessary, need to make further changes to the arrangements for the AGM, including how it is conducted. Shareholders should therefore continue to monitor the Company's website and announcements.

The Board would like to thank shareholders for their understanding and support during these exceptional circumstances and wish them well during these challenging times.

[wba1] 12/5/2020 11:57

Some very odd comments here about Pru v Aviva. To put it into a proper context Pru is a Championship club and Aviva Div 1 or 2. The Premiership is players like Allianz. But the Pru's strategy and global reach, especially in Asia, is exactly why the current metrics for the Pru are so much higher than for Aviva. This does not make the Pru (or Aviva) the better investment, just different gambles. In the case of Aviva you are looking for either a decent recovery led by management or a takeout at a price nearer to book or sum of parts value. In the case of the Pru you are gambling on their strategy being correct, that they do not get squashed by the Premiership and that they can drive the growth needed to justify their valuation. Different (investment) horses for different courses.