Aviva Share Discussion Threads

[eurofox] 16/10/2020 12:13

I agree there are lots of positive things lurking in the wings which is why I refuse to touch my core holdings

[cjac39] 16/10/2020 12:05

im not so sure Eurof. the stats and deaths are way off from the rhetoric (my favourite trend is hxxps://digital.nhs.uk/dashboards/nhs-pathways as a lead indicator. 111 is bit noisy with young people calling about sniffles but 999 is less noisy).

my personal view is govt is desperate to look tough with big measures to get in quick before it fizzles out into a second puddle and then take the credit for this even though its nothing to do with what they are doing. there is no doubt in my mind that London is saturated and therefore it cannot take off and none of the increases are remotely exponential or even gompertz.

so i think macro picture gets much better on covid and a deal on brexit and UK stocks will fly.

[spcecks] 16/10/2020 11:54

With the wording in the RNS regarding dividend they might update on that matter before results on the 26th of November....What does anyone else think.

[spud] 16/10/2020 11:04

Yes. An easy trade between 275p & 300p. 15k shares and it's a simple £3k after costs. spud

[eurofox] 16/10/2020 11:03

For those of us who like volatility, it does look as if we could be heading into a black Monday, when lots of punters reflect on how fragile the markets are and how incompetent politicians and their lockdowns are becoming - we need a capitulation day!

[cjac39] 16/10/2020 10:52

does feel a bit like free money for the traders amongst us like eurofox. all the good news since AB took over for sure makes it worth over £3 and beyond so pullbacks like this surely are simple buys even to sell back at £3. I'm not agile enough to do this and have my core position averaged down to a level I'm happy with but i suspect many on here will be taking advantage...

[whatsup32] 16/10/2020 09:48

The Times , business section article Av

"Aviva to back Britain with £10 Billion of investment"

"Housing , rail and green initiatives will be backed by insurers global asset management division on behalf of savers and investors "

Target new student accommodation, renewable energy

[leedslad001] 16/10/2020 09:46

Low volume today

[mountpleasant] 16/10/2020 02:09

With the UK unemployment rate surging, at what point do insurers see a fall off in renewals? Something has to give, when people decide to not insure stuff.
Looking at 4 million unemployed soon.

[jubberjim] 16/10/2020 01:43

Further to my earlier comment and in reply to the statement"it's just a rebuke"
The cynic in me thinks maybe why it's just a rebuke could be because the fine has already been levied on the company at the shareholders expense hence the decision to cancel the previously declared dividend
Just a thought

Though no longer invested due to disappointment with the BOD actions in this matter I retain a keen interest as to how this works out I will continue to read about and watch from a safe distance

[cjac39] 16/10/2020 00:40

i dont disagree wba but there has been a sea change since the gfc and the establishment of the pra / fca. we used to head down to canary wharf and overcome their idiocy no problem face to face. the intelligence of the regulators has increased modestly but their mandate to interfere has increased exponentially. its like covid - a race to the bottom of zero risk - lets test everything, lets check everything, zero risk assumed when the very definition of insurance is the balance of risk.

i dont actually think AB is fighting the regulator - she needs to upend the intrenched corporate boring structure at av that has hidden behind the conglomerate. ditch europe, focus on combined ratios, streamline uk life , forget being asset manager as op margin rubbish, exploit uk retail and db franchise. ie time and again focus on high roce areas and cut costs.

[cl0ckw0rk0range] 15/10/2020 23:28

Special divi would be nice.

[wba1] 15/10/2020 22:39

I see that Aviva may be objecting to the FCA conclusions on the preference share saga. If so it will be a good test for Blanc. I recall when the FCA predecessor, the FSA, attacked L&G. David Prosser (their CEO at the time) took the FSA to court and eviscerated them. Whilst I would not expect Blanc to do that (Prosser was nearing retirement and had nothing to lose, and the FSA case was obviously a fit up) it is essential that Blanc does not make herself appear as an easy target for the FCA. She needs to put up a robust response unless she wants to be targeted on other issues.

If I learnt one thing dealing with regulators it was that they are like school bullies - show weakness and they will attack without mercy; kick back and they will find another victim.

[1robbob] 15/10/2020 22:30

26th November...not much of Q4 left !!!
Would have thought they would like to put the 2019 Final dividend to bed, before the end of 2020..and any 2020 Interim

[edmundshaw] 15/10/2020 22:12

@whatsup, whose results in 3 weeks? Aviva of course has Q3 update statement in 6 weeks on 26.11.

EDIT: I see you already corrected that. Thanks...

They also state: "We will update shareholders on all dividend matters, including the 2019 final dividend in the fourth quarter of 2020." That was in a context not referring to Q3, so presumably the punctuation is at fault and we won't necessarily get an update on the dividend (sigh)...

[eurofox] 15/10/2020 21:36

The FCA rebuke is just that,a rebuke .... Not a fine

[whatsup32] 15/10/2020 21:17

I thought it was 6th November But you are absolutely right it’s 26th Nov. My apologies.

It’s usually spud who catches my mistakes :)

[1robbob] 15/10/2020 20:41

Whstsapp32
Don"t understabd..'results in three weeks'
I thought it was 26th November?

[jubberjim] 15/10/2020 20:04

Just seen the article about rebuke due to ill advised decision to cut preference
Dividend
Conequently well pleased to have bit the bullet and switched into legal and general
Good luck to all those still holding

[jubberjim] 15/10/2020 20:03

Just seen the article about rebuke due to ill advised decision to cut preference
Dividend
Conequently well pleased to have bit the bullet and switched into legal and general
Good luck to all those still holding

[whatsup32] 15/10/2020 19:34

Results in three weeks . Let’s hope positive on Dividends and some update on sell offs.
If it looks like sale of France and Singapore is going to be a long drawn out affair , AB may be conservative With dividends.

[jubberjim] 15/10/2020 18:59

I think it is because like other like minded ethical companies
When they declare a dividend they pay that dividend

[essentialinvestor] 15/10/2020 15:42

Call them before renewal.

[wba1] 15/10/2020 15:24

hi cjac. Apologies, I misunderstood. Pure rebates are rare (Admiral). LV offered a hybrid rebate (you needed to qualify such as being furloughed). But most insurers just took the approach of offering rebates if you call them with a change of risk (such as reduced mileage). In essence this is no different to before Covid in that policyholders could get rebates for risk changes then, although they were usually vehicle or address changes in those days. The other material change is that I believe some if not most insurers are waiving the usual admin fee for risk change. In the past if a risk change produced a £100 rebate the customer may have got £80 after an admin fee. I think they would currently get the £100 with most insurers.

The FCA huffs and puffs but I have not heard any suggestion that insurers are changing behaviour for that reason (although the admin waiver may be a sop to them).

ps; I should have added that some insurers such as Axa and Zurich are providing automatic rebates in Ireland but not here. Perhaps the FCA are less assertive than their counterparts.

[enormouswillie] 15/10/2020 14:23

Apart from Direct Line..that is UP...I wonder why