Aviva Share Discussion Threads

[chinese investor] 05/10/2020 11:58

60p To 350p (my break even price) !

[spud] 05/10/2020 11:57

Aviva PLC may pull out of its Indian insurance joint venture with the Dabur Group, Aviva Life, valued at more than $500 million.

The 26% stake sale is part of the British insurer’s plan to retreat from less-profitable markets where it has struggled to expand, people familiar with the matter said on Monday.

Aviva, which aims to cut costs by £400 million ($611 million) by year-end, is in the process of hiring corporate advisers to find buyers, sources said.

The insurer is considering various options, including selling its stake to Dabur Group if it fails to find a foreign buyer.

When contacted, a Aviva spokesperson said, “We don’t comment on market speculations or rumours as a policy.”

spud

[1robbob] 05/10/2020 10:29

Re Interim Dividend
The Interim Divi just paid is in fact a second Interim for 2019
No dividends have been declared for 2020 and 15.4p of divis declred but not paid for 2019 have not as yet been paid
Q3 figures are to be announced on 26th November, it is hoped that at that time an announcement will be made regarding outstanding 2019 dividends and the policy for 2020 onwards

[wba1] 05/10/2020 10:17

Just been trying to find out what is happening with India, and initially got mislead. I know this is not a new question but does anyone have any info on Aviva plans in India.

[cfro] 05/10/2020 09:38

I see these have just paid a second interim dividend on Sept 24th.

They normally pay an interim dividend in Oct, am i right in thinking that has been scrubbed this year?

[waterloo01] 05/10/2020 09:34

wba1, agreed. These BB's are very useful but can get drowned out with general chatter and one ends up losing the best posts (often yours) in the 'noise'

[wba1] 05/10/2020 09:29

Some of you will know that I usually focus my postings exclusively on Aviva (with occasional references to competitors), especially the general insurance operations. You can imagine my surprise then when I caught up with the board after a few days to discover that not only had it been infested by new clowns with a political agenda, but that some posters who had previously discussed Aviva, had decided to join in that conversation. I have seen this effect before, on other boards, and unless confronted those boards become worthless. I have found this board, especially cjac, useful and I hope some of my past input has helped others. I endorse the call to focus on Aviva, but will confront any who continue to promote political clowns of any persuasion. I hope we can now return to Aviva but, if not, perhaps it is time to open a new moderated board which can exclude those such as jubberjim and steved who will introduce irrelevant topics.

[spud] 05/10/2020 09:09

Indeed. Let's not have a millythedog situation please!spud

[1robbob] 05/10/2020 09:05

Please this is a BB for those interested in Aviva.

There are other BBs for all these lengthy political postings, no matter how worthy and well argued they may be.

[edmundshaw] 04/10/2020 22:10

The tragedy is that the choice many democracies have is a poor one. Boris was in the British people's mind a better bet than Corbyn and his bizarre shadow cabinet. No-one else was in serious contention, so please don't blame the voters. He won because he at least gave people some kind of hope, and as Napoleon said, a leader is a dealer in hope.

[keyhole] 04/10/2020 00:05

As Aviva divests itself from its European activities, why not go back to its old name - Norwich Union? Aviva was always a stupid name anyway...

[1robbob] 03/10/2020 15:14

Thanks cjac39 appreciated

[cjac39] 03/10/2020 13:29

I wouldn’t think it would be that attractive. Aviva is big enough to run most of the risk and has the capital. They might use longevity reinsurance at the margin but it’s not cheap. Annuities are quite profitable now as everything reproved when s2 came in albeit low yields don’t help. They just need decent assets to back them which is also easier post covid. One of the key benefits phnx has is low cost outsourced it and operations and I would think aviva could cheapen it’s back office costs on its own

[1robbob] 03/10/2020 13:04

I would appreciate the thoughts of those much wiser than me !!

The question is:
What opportunities could there be for Aviva in packaging up a bundle (or bundles) of its Life Liabilities and sell on to a Run-Off Specialist Company?
Could there be significant Tax and Solvency implications?

[cjac39] 03/10/2020 12:31

But it does have nice discount to book value....

[scepticalinvestor] 03/10/2020 11:39

LGEN the much better option of the twoAV. has an unproven BoD

[1robbob] 03/10/2020 11:37

AB might actually welcome an Elliot type investor. Would enhance her hand in making disposals and cultural changes to achieve better returns.
...........Also she does have a £1m investment herself !!!

[cjac39] 03/10/2020 11:09

The problem with PE and ins is the PRA hate it. Something small like LV and particularly mutual maybe but a monster like av I would be very doubtful. Best bet is Elliot or third point spotting the obvious break up value

[1robbob] 03/10/2020 10:30

Soon the 'real' asset value of Aviva will be to some extent verified by a combination of the sales of overseas operations by AB and Bain's valuation of LV.
This will add further focus to ABs efforts to achieve acceptable returns.

[carpingtris] 03/10/2020 10:30

Would anyone be willing to come in with an offer whilst in the middle of selling various units?

Better to let that get completed and then if the share price is still languishing nip in and make an offer whilst we have an even bigger cash pile.

[pete160] 03/10/2020 10:15

It would be nice to think that if private equity is sniffing around undervalued insurance assets at the moment, that they are also running the slide rule over AV and either they or an activist investor will make a move to ensure that the unappreciated value is unlocked sooner rather than later?

But then again, perhaps they already have and they don't see anything juicy enough to go for?

[jubberjim] 03/10/2020 10:13

I Just did in the am
Aarghhhhh