Aviva Share Discussion Threads

[cjac39] 13/9/2020 20:46

just retirement

[robbie791] 13/9/2020 20:30

I can't find JRP what company is this?

[cjac39] 13/9/2020 18:46

I’m hopeful that another sale will bring the focus more on the sotp valuation which of course is nearer 5 than 3. Having scanned across many European and US insurers recently it’s unusual to trade at such a discount to book. Selling things at 1-2x book will surely help.

This and JRP I think are the last super cheap ones

[linton5] 13/9/2020 18:46

Just keep buying under £3 simple GLA

[whatsup32] 13/9/2020 18:33

I bought some Microsoft shares about 18 years ago in America For $25 a share. After 9/11 I couldn’t trade as I’m not a resident so I left it with div reinvested plan. They circ. 200 now .
Had I ready access to buy and sell I’m certain I would have sold ages ago . Ohh and I had full service broker who made his money when I bought and sold so definitely would have tried to talk me into taking profit.

Fortunately I still hold them

[essentialinvestor] 13/9/2020 17:52

For long term investors there are a lot of comments on short term
SP movement. Selling France would be a huge positive imv.

[salver2] 13/9/2020 17:50

I think you have the right attitude Spud

[spud] 13/9/2020 17:42

Most modern errr investors?? only look short term (2 weeks) and get their fix from the buying and selling. I started buying LO-Q as it was then in 2008 @ circa 20p per share. Ten years later as ACSO they were nearly £30 and I was extremely wealthy (and no, I didn't sell them all at the top!). Virtually no modern day investors would have the patience to do this now and as a result, become wealthy. Not boasting, just using my experience as an illustrator. spud

[salver2] 13/9/2020 17:11

If the market refuses to apply any semblance of a sensible valuation on Aviva shares then she has no choice really but to show them the money as it were.Having sold Singapore for 15 percent market cap whilst they only contributed 5 percent of earnings is evidence certainly of how appallingly undervalued the shares are. On even a modest valuation they are worth north of 4.50 a share - since when has mr market ever been interested in the long term - I am shall we say in the older generation which thinks of long term as say five years plus - I have friends who buy stocks and shares who think long term is a week!

[whatsup32] 13/9/2020 16:51

Mrs Blanc seems to have the bit between her teeth. She may be going for short term Share Price gains and sacrificing long term business sensibilities.
Another advantage is sales are in foreign currencies with pound going down we gain more.

[salver2] 13/9/2020 16:48

The shares are still far too cheap at this level - whether they go up or down tomorrow I think is irrelevant- if they go down it would be good so you can bag yourself a bigger slice for your money - how they are trading at this lowly level is still beyond me - these are a 4 pound plus share all days of the week

[robbie791] 13/9/2020 16:39

Does anyone else think the upward trend is going to continue
I'm thinking of getting back in tomorrow

[whatsup32] 13/9/2020 11:22

Not a sausage about AV. in the Sunday Times

[edmundshaw] 13/9/2020 09:25

In 2019 Aviva said "Following a strategic review in 2019, we have a selective approach in Asia, focused on high potential markets in Singapore and China. We are continuing to explore strategic options for our businesses in Vietnam and Indonesia."

So Vietnam and Indonesia were non-core then, but it is Singapore that they have been able to find a good deal for... and the market where they had scale, too, and good growth characteristics. Looking at it now I can see why the Singapore business attracted a good price: it is a good and growing business. If Aviva PLC had a sensible market cap, I would question why they wanted to sell that business.

Aviva business in Singapore contributed 77% to Asia’s total value of new business in 2019, China is still small. So Vietnam, Indonesia and India (49% JV) are perhaps unlikely to be sold releasing a particularly large wad of cash...

[inaminute] 13/9/2020 06:57

Spamming across the boards. Avoid

[harleymaxwell] 13/9/2020 00:13

is the biggest general operation in Canada? either way i think this firesale streamlines the business back into a good old fashioned UK composite ...

[whatsup32] 12/9/2020 15:15

Looking forward to Monday. Finally some positive movement, just need another 31% and I’ll be even Stevens:)

[wba1] 12/9/2020 15:13

cjac; thanks for comments on Chesnara.

The Singapore deal looks good. I am unclear why Aviva would want to keep 25% unless this was a condition of the buyer. In my experience minority stakes are generally just troublesome.

harleymaxwell; I am all in favour of selling off various GI operations, including France. But, having worked with French, Italian and German subsidiaries I never found the nationality of the parent to be an issue in customer purchase (especially on the retail side). It was more about the quality of the distribution network. And there lies a good reason for selling any operation not in the top 3 in a country; the medium and smaller companies almost always have weaker distribution.

Aviva Vietnam; reports from a few months ago valued it at 'several hundred million dollars', so I am guessing perhaps £2-300m.

Anyone know intentions regarding India and the value of the Indian operation?

[harleymaxwell] 12/9/2020 10:09

makes a lot of sense on the general insurance side especially europe where imho policy holders will generally favour buying from their own rather than a foreign company - Brexit may accelerate diminishing market share too

[burbelly] 12/9/2020 09:49

Philip Kett, an analyst at Jefferies, said: “In selling Singapore for £1.6bn, Aviva will realise value equivalent to 15 per cent of the market capitalisation for a loss of just 5 per cent of earnings.”

He added that the deal was “clear delivery from the new CEO Amanda Blanc on her promise for decisive action”.

The disposals are unlikely to stop there. Aviva’s French business could also attract attention from potential suitors. Analysts at Citigroup value the unit at £2.8bn.

Alan Devlin, an analyst at Shore Capital, pointed out that the company’s Italian joint ventures could be sold for prices set in their contracts, while the 40 per cent stake in AvivaSA in Turkey, which is a listed company, could be sold down.

“We expect today’s announcement to be the first of a number of announcements,”; said Mr Devlin.

[harleymaxwell] 12/9/2020 03:59

clean it up for sale .

[cyberian] 11/9/2020 22:42

Dr. remember Aviva still retain a 25% interest in the Singapore new vehicle and other operating and other connections which can also add value, and trading benefits. I sense that the CEO and her team did well in negotiating this transaction.