Aviva Share Discussion Threads

[mountpleasant] 20/5/2020 06:45

Do we think when dividends start up again,
it will be from a new lower base?
Also, the cancelled div.. whats to stop that money being used for other purposes?

[buywell3] 19/5/2020 23:59

Financials have been crabbing sideways on their charts if you look

The set up looks negative in the face of current market macros hence buywell expects some pretty impressive falls coming

USA markets got ahead of themselves but reality stares them in the face

Yesterday the Congressional Budget Office released a bleak outlook on economic growth and unemployment, predicting a 38% drop in second-quarter GDP as 26 million Americans remain without a job.

And the FTSE 100 was wrong footed yet again , so with DOW futures looking negative as buywell keys , the scene is set for another bad day at black rock .

Moderna news pushed the DOW close to 1000 points in a day
Hope springs eternal as they say
but realistically
getting one into use is circa 18 months away.

DOW to 15000 in the next 3 months is buywells call to coincide with the next peak of the second wave

IMO dyor

[ianood] 19/5/2020 22:52

Boystown - A webinar provided this morning by Baillie Gifford amusingly referred to the UK banks as doing National Service! Sums it up rather well I think. Also, they commented somewhat "tongue in cheek" that the US banks are not undergoing this treatment.

[spud] 19/5/2020 22:19

Well said Boystown! Now that’s something that should be read out in it’s entirety at the agm!!

spud

[boystown] 19/5/2020 22:07

Many of us worked for several decades and chose to save and invest our money instead of being self-indulgent on luxuries. And when we invest some of that money in shares, we know the risks. Covid 19 is the biggest “black swan” event, possibly ever, so we lose a lot of our hard earned and saved money - such is the risk. No complaints.

And we may have to have the fortitude (and spare cash!) to buy Aviva shares (amongst others) at these new lows because our horizons are longer than a few months and we think we’re buying future yield and/or capital gain, and think the company has a reasonable longer term future.

So when “regulatory authorities, including EIOPA and the PRA” (for which we may as well read “The Government”) urge prudence in dividend payments (i.e. “please don’t pay any”!), we must also take that on the chin, along with the inevitable decline in the share price that decision causes.

But some of us rely heavily - or even wholly - on those dividends and don’t qualify for any furlough or other gov't payments whatsoever. Again, it’s hard but so be it. But if we hadn’t been prudent, we would now qualify for handouts.

So when the directors of those companies choose, instead, to donate additional money to “good causes” which isn’t their money to give, it’s taking things too far.

For example - not long before they waived the divi, the directors gave the Red Cross an "ADDITIONAL donation of £10 million"

Now I'm sure we’re all hugely sympathetic to the Coronavirus crisis cause, but it isn't the directors' money to give - it's ours. So why not pay this - and other donations - in divis and let us decide if and where we want to donate what is, after all, our money?

As for cutting their own bonuses - so what? Yes, it’s better than nothing, but they’re still getting paid, and it’s an obvious PR sop.

As a private investor, I’m fed up with people thinking I’m somehow profiteering from the crisis. I’m not. I’ve lost a lot of money that I’m trying my best to claw back by holding my nerve and buying at lows for the future yield so that I can live without ever being a burden on anyone else.

Over the past two decades, I’ve learned that most people seem to dislike what I do as a private investor. When markets are booming, people seem resentful of my “easy money” etc. When markets are dire then what, exactly, was I thinking about in being so risky and foolish? And now? Well now I’m trying to profit from others’ hardship somehow!

No doubt I deserve to be levied with a one-off wealth tax payment to help pay for the bailouts and charitable donations of others!

Sorry if any of this comes across as uncaring in any way. You know it isn’t about that, nor is it about Aviva, particularly; you could say the same about a lot more big UK plcs.

[ianood] 19/5/2020 20:02

Culmer - good call, now all he needs is a decent CEO and we're off to the races!

[igoe104] 19/5/2020 20:02

Anyway posted a question for the board to answer at the up-coming agm.

I have - Why does the L@G share price easily out-perform Aviva's share price ?
and what have the board planned to make sure that Aviva don't keep being out-perfomed by companies like L@G and prudential ?

[dr biotech] 19/5/2020 19:07

From the RNS...

I can imagine the last board meeting

Amanda: Anyone fancy a turn at being the Chair?
Board: Whats it worth?
Amanda: 550k a year
Board: What do we have to do?
Amanda: Same old, same old

George: I'll do it.


After the underwhelming appointment of MT and his non radical review, it was hard to see anything else. Perhaps I'm being unfair and he'll be great, but...



George Culmer brings extensive experience in insurance and broader financial services to the role. George is currently Aviva's Senior Independent Non-Executive Director, a role he assumed in January 2020. George joined Aviva as a Non-Executive Director in September 2019. He is also a Non-Executive Director of Rolls Royce Holdings plc.

The appointment of George Culmer as Chairman follows a selection process led by Amanda Blanc, Non-Executive Director, and the Nomination and Governance Committee of the Board.

George Culmer's compensation will remain unchanged from that of the current Chairman, at GBP550,000 per annum.

[whatsup32] 19/5/2020 17:09

Aviva picks former Lloyd’s CFO Culmer as Chairman

[whatsup32] 19/5/2020 16:58

Not optimistic on Thursdays trading update. Covid19 is a good excuse to release bad news and blame it on virus. Don’t think we’ll get resumption on dividends either.

This was supposed to be my defensive stock.

[eurofox] 19/5/2020 16:43

No wonder 76% of retail investors using margin-trading instruments lose money - stop losses are so easy to trigger causing rapidly moving upward or downward price changes that can then be exploited.

[milliethedog] 19/5/2020 15:19

IMB results today; not particularly good.
Bought mid March @ 12.68 & sold @ 17.29 for 26%
Looking to get back in but it's just judging the bottom there...

Wanting sub £13....

[eurofox] 19/5/2020 15:16

yes, often using 10-20 k shares

[milliethedog] 19/5/2020 15:14

Similar with me now. But you must be using larger amounts to show a worthwhile profit.
Have done it with BT recently; long @ 100.05 & out @ 108(ish) for £800
10,000 shares works out at £100/penny rise (if you get it right)
Same with RDSB, LGEN, GLEN & IMB...
Missed out on MNG last week @109....dash!

[eurofox] 19/5/2020 15:10

but to be frank, I'm increasingly concerned about not being in this - so I keep a large core holding intact

[eurofox] 19/5/2020 15:08

yes, sold same quantity first thing this morning

[milliethedog] 19/5/2020 14:59

Euro....i see you do a lot of adding
Can i ask you....do you ever sell or just buying for long term?
Just curious....
M

[eurofox] 19/5/2020 14:51

added at 235.9

[imagining] 19/5/2020 13:16

They do not need to be 'given the all clear' to make payments. They hastily pulled the entire declared dividend of their own volition,despite proclaiming how strong and robust etc Aviva is and acknowledging how important dividends are to Shareholders.Many of Aviva's peers honoured their dividend payments. Here though,they failed to even compromise by reducing the divi to 10p say or even 5p. I repeat- This prevailing BOD is severely lacking in Corporate nous imo!

[imagining] 19/5/2020 12:51

Whether it's the Update or the AGM, they are more likely to emphasise the negatives than 'pull a rabbit from the hat'. They should be doing a complete U-turn,admit their mistake and honour the declared Final dividend. Unfortunately,in light of the lack of corporate nous prevailing at Aviva,this is unlikely to happen imv.

[dr biotech] 19/5/2020 12:46

IG states

Aviva PLC Q1 Market Update Call

I'm guessing its like an interim management statement. I expect to see
1) Update on potential losses due to covid (inc business interuption, event and travel). Not exact figures but an idea
2) Update on general trading
3) If we are lucky and update on strategy - not expecting that though

Bad numbers take longer to add up than good ones, so I'd expect any "too early to tell" to be taken badly.

[cyberian] 19/5/2020 12:15

Dr. Biotech....what is expected this Thursday...the AGM is next Tuesday May 26th? Looks like the elevation of George Culmer as Non Exec. Chairman (just announced) is semi-positive move, hopefully.

[pvi1] 19/5/2020 12:13

Thanks for the reply. Hopefully some clarity on Thursday.

[dr biotech] 19/5/2020 12:03

To add to WBA's comments

Generally I feel communication to ordinary shareholders has been poor - eg find the date of the forthcoming update on their website
The overall structure of the group seems to change every few years - various arms are split off then remerged with little benefit to the overall outcome, except that the shareholders seem to pick up the tab for a lot of recurring supposed "one off costs".

Board caved in to the PRA over the dividend - just weeks before they said they were going to pay, then didn't. Are they now saying there were wrong to have considered paying it? Doesn't say much for their competence.

Creating shareholder value seems to be low on the list of priorities. I was listening to former exec Andy Brigs on the radio talking why Pheonix are paying their dividend - seemed much more focused on giving to their shareholders.

Of course you could say the above are poor management rather than not giving much of a toss, but the lines between the two are blurred. Perhaps they will pull a rabbit out of the hat on thursday. I'd settle for some clarity over the size of the potential hit to current policies -something they should have an idea of. Poor visibility going forward I can accept in these uncertain times.




pvi118 May '20 - 22:22 - 2875 of 2881
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Aviva doesn't give a toss about shareholders. Explain that statement