Aviva Share Discussion Threads

[uppompeii] 19/8/2020 09:09

Oh for the heady days of 300...

[p0pper] 19/8/2020 08:59

Spud, antidote and Brexit resolution.

[spud] 19/8/2020 08:53

Yes disappointing. However, visibility on the dividend policy especially the final, would do no harm for the share price. However, an antidote for this flu is probably the missing piece in the lethargic FTSE story...spud

[wskill] 19/8/2020 08:33

The golden tickets have been known about by investors for a long time,nothing unusual there just the normal level of incompetence of Aviva management .

[cjac39] 19/8/2020 07:05

if you want a funny story about aviva france and one small reason why they need shot of it:

[spud] 18/8/2020 11:15

A Fool article but worth a read:



The Aviva share price has crashed 30% this year. Here’s why I’d buy today
Stock Markets4 hours ago (Aug 18, 2020 07:10)

This year, the Aviva (LSE: LON:AV) share price has crashed from 419p to 289p — a fall of 31%. Furthermore, it’s trading at a 48% discount to a high of 552p that it made little more than two years ago.

Writing in the wake of the company’s recent half-year results, my Motley Fool colleague Cliff D’Arcy highlighted its cheap historic price-to-earnings ratio, and a dividend he felt “could easily triple or quadruple from here”.

I agree that Aviva’s shares are cheap. But here I want to tell you about one thing that particularly impressed me on the day of the results. It’s a big factor in why I rate the shares a ‘long-term buy’ today.

The Aviva share price jumped on its results The FTSE 100 dropped 1.3% on 6 August. By contrast, Aviva’s shares jumped 4.6% on the back of its results. The results themselves showed a resilient business in terms of both operating performance and financial strength.

However, it was the performance of new chief executive Amanda Blanc — in place for just a month — that really fired me up about the future prospects for the business. I haven’t been as impressed by the first presentation of a new Footsie CEO since Dave Lewis debuted as the new Tesco (LON:TSCO) boss in 2014.

Mont Blanc In the results release, but more particularly in her introductory presentation on the analyst conference call, I thought Blanc was cool, solid and thoroughly assured.

She scored high marks from me for her razor-sharp identification of Aviva’s strengths and weaknesses, and for her clear, no-nonsense strategy for taking the business forward. She registered a correspondingly low score on what might be called the waffle-o-meter.
There’s to be no protracted ‘strategic review’, which we often see from an incoming CEO. Blanc is simply going to get on with making the changes she’s identified as necessary for delivering value for shareholders.

She worked for Aviva’s rivals for a large part of her career. I suspect she has a very good insight into the group’s formidable competitive advantages, and how to maintain them. Also, into the areas in which it’s not so strong, and how to improve them.
Strategy Blanc laid out her strategy in relatively few words. Attempting to distil it even further, it’s as follows:

Invest in its market-leading positions in the UK, Ireland and Canada for growth and superior shareholder returns.

In Europe and Asia, invest if a market-leading position and superior returns are achievable. Otherwise, withdraw capital from what are decent businesses, but businesses for which there may ultimately be better owners than Aviva.

Returning to the Aviva share price The company is reviewing its dividend policy, and will announce the outcome before the end of the year. In my view, it’s a question not of whether the dividend will be rebased, but the level to which it will be rebased for sustainable future growth.

I expect the ordinary dividend to be fairly conservative, but with the prospect of special dividends or capital returns — to wit, proceeds from disposals of those businesses for which there may ultimately be better owners than Aviva.

I think the Aviva share price barely gives credit for the business as it is, far less its prospects under Blanc’s strategy. It’s for this reason, I rate the shares a long-term buy.

spud

[spud] 18/8/2020 11:09

Aviva disposals 'most likely' in France and Singapore: Jefferies
18 August 2020

Uk insurer Aviva’s anticipated shake-up of its overseas business units under newly appointed CEO Amanda Blanc is most likely to result in disposals in France and Singapore, Jefferies analysts have predicted.

spud

[spud] 18/8/2020 11:08

FWIW: Jefferies International today reaffirms its buy investment rating on Aviva PLC (LON:AV.) and cut its price target to 350p (from 355p).

spud

[cjac39] 17/8/2020 21:15

As before I like and value comments on here but think av Is too narrow. I invest across about 30 us stocks , 15 uk stocks and 30 Pacific stocks. Happy to discuss all of these but don’t think this is that forum

[spud] 17/8/2020 20:00

Millie - I thought it was a reasonable request but hey ho!spud

[whatsup32] 17/8/2020 19:17

Millie . Stick around This is an investment forum and reasonable to discuss other shares and market as a whole.

There is only so much you talk about av.

[milliethedog] 17/8/2020 19:14

15 years of posting all over ADVFN, never been sanctioned for atempting to broaden peoples perspectives; ie my recent posts about possible market correction which could severly impact on Av.

Then the tinyest comment on IAG on a quiet day....

Mrs Millie said i was wasting my time, and bless her, she seems to be correct.

Good luck all......remember me if the market corrects

Bye

[milliethedog] 17/8/2020 19:01

whatsup....exactly!

I got out recently @ 304
Too high to jump back in yet, for me anyway

I won't be telling everyone i've added until well sub 270

I was penciling in 150 also.
Good luck....

M

[1robbob] 17/8/2020 19:00

I follow this BB because I am interested in others views on AV ONLY
Some of the contributers are very knowledgable indeed and this makes it worthwhile

So you can count me as PEEVED...lets keep it to AV

[milliethedog] 17/8/2020 18:58

Spud....nearly every company mesasage board deviates to some point.
I'll post what i damn well please.....

If you don't like it, filter me

M

[whatsup32] 17/8/2020 18:56

Spud. It’s an investment forum and there is no reason not to discuss other shares providing its kept short and other commenters aren’t peeved.

Millie , I’m thinking 150p but Really not on the ball lately so take my prediction with a pinch of salt. I also need to find a way of getting out of Av.

[spud] 17/8/2020 17:20

Millie, can we keep this a AV. thread please?spud

[cyberian] 17/8/2020 17:09

Agree Jason Windsor is star quality/skills with all the right connections...we shall soon see what he is made of.

[milliethedog] 17/8/2020 17:03

whatsup...at what level do you see IAG looking worth a go?
Recent low's....14 May 168 & 3 Aug 164
M

[1robbob] 17/8/2020 15:22

cjac39
I agree that end November might be a little early.
UNLESS: AB wan't to get the divi into a Mar/June/Sept/Dec cycle and wants to get rid of the 2019 Final saga with 'Final' payment in Dec 2020.

[cjac39] 17/8/2020 14:49

I wonder whether we’d see something like that so soon. She’s announced Asia and Europe non core. Investment bankers will be running around like crazy trying to find out what that means and who they could offload stuff to. Jason Windsor is ex m&a and one thing he’s very good at is strategic sales like he did for av us.

[1robbob] 17/8/2020 14:25

.....'We will update shareholders on all dividend matters, including the 2019 final dividend in the fourth quarter.'

Any ideas as to when we might see this in Q4?
Last year Tulloch announced his 'Strategy' (!!!)) at Capital Markets Day on
20th November.

......would be nice to know if we can afford Christmas this year!!!