Aviva Share Discussion Threads

[whatsup32] 24/11/2020 19:36

All of a sudden I’m optimistic on Thursdays announcement. £1.40 more and I’m in the money

[jordaggy] 24/11/2020 18:37

AB will kitchen sink Aviva, just as PE would do...no brainer really.

[1robbob] 24/11/2020 18:18

wba1 my post was a lot 'tongue in cheek'.
Although those participating in the France sale must be alerted to the cheapness of the entire Company

I really wanted to suggest that AB daren't be too conservative on Thursday

[mo123] 24/11/2020 18:05

Barclays lowered Lgen from 318 to 311 3 weeks ago. Today they increased price target to 331.
Do not be surprised if 3 weeks from now they increase AV target to around 390.

[1robbob] 24/11/2020 17:59

The super-smart Corporate buyer should make their bid approach immediately following the announcement on Thursday !!!
That would leave the AV Board with little to no ammunition to defend

I suggest this has to be ABs fear in framing the contents of the announcement.

[adelwire2] 24/11/2020 17:34

Agree. No no no buyback

[linton5] 24/11/2020 16:45

Defo Dr biotech very intentional before update they are all dodgy those brokers got other agendas.

[ftime] 24/11/2020 16:38

Hopefully people are starting to realise how massively undervalued Aviva is. Still dirt cheap at 3.37.

[demi] 24/11/2020 16:36

Hope this keeps going ?

[salver2] 24/11/2020 16:31

Brokers targets pointless - 92 percent of fund managers underperform the index - when a broker says sell it is normally time to buy and vice versa

[carpingtris] 24/11/2020 16:21

Over the years I've come to learn that price targets are pointless.. I mean who goes by what they say anyway??

[dr biotech] 24/11/2020 16:18

I find it a bit odd that anyone would release a price target today knowing there is going to be a significant update in a couple of days time.

Most of our price predictions for thursday are now looking a bit gloomy given the rise over the last couple of days. Shows that market sentiment often plays a bigger hand than a lot of company specific news, though I'm not complaining this time.

[barbar7619] 24/11/2020 16:17

They will 360 by Friday hahaha

[aimingupward2] 24/11/2020 16:10

Barclays have cut their target price for AV from 367p to 360p today. How absurd is that? Another example of spurious accuracy.

[mark1000] 24/11/2020 15:33

The vaccine success should not only allow them to be more generous with the divi but also pushes up the value of the overseas holdings. Like everyone else here interested in the direction of play on Thursday we have a lot to thank those very bright scientists for.

[carpingtris] 24/11/2020 15:01

~400p hopefully here we come! :)

[cyberian] 24/11/2020 13:26

Interesting price movement with Phoenix today after they responded to press speculation over strong interest from a number of parties over their European businesses. The shares initially went south a bit but have since recovered to a premium as the company stated that they were aware of the expressed interest but had nothing further to comment upon.The conclusion could be that there are a number of overseas buyers hungry to find sellers of European and UK assets in the Insurance sector. Maybe this will further help forward sentiment here and probably wise to hold onto ones shares regardless of events/announcements this Thursday. There is a lot of cash hunting around good under-valued assets to find a good home/yield. The likes of IAG, Easyjet, SAGA and quite a few others impacted by Covid-19 in the UK and globally are recovery strongly but net profits achievable are some way in the future, so present a risk with present value now evident in their share price. A share price of around 400p here would not be out of place.

I just want to add that with the Government (Treasury) taking 12.5% (I think that is the level) on Insurance Tax, I really believe that companies such as Insurance Companies should not feel too guilty over their dividend positions, and how they act. My wife's BUPA annual insurance premium of just over £3,000 after yet another year of no claims has had to pay the tax of over £300...a fact of life. Likewise we covered ourselves last March for overseas travel and have been stuck at home so another £400 insurance cover gone to waste...such is life. Insurance is insurance and along with others only prudent to negotiate our premium as best we can...but cover we need.

[mountpleasant] 24/11/2020 13:07

People always pay a high price for the last 5% of certainty.

[unastubbs] 24/11/2020 11:54

this isn't getting us very far...wait until the rns on thu morning

in other news, just crossed 331p. happy days are here again...

[smurfy2001] 24/11/2020 11:28

So do we expect the final (not paid after ex-divi) to be paid then?

[spud] 24/11/2020 11:27

Whichever side of the fence you sit and when all's said and done (there that's my cliché target for the month) we're still 24.25p down on the payment made during the 2019 calendar year. Let's not forget that similar peers to AV have not reduced their payments.

So should we feel aggrieved that we've been short changed? In my case, I'm effectively over £12k down dividend wise...

spud

[karv1] 24/11/2020 11:14

wba1 thanks

[wba1] 24/11/2020 10:54

Aviva France is not a coherent whole and so is affected by the issue of partners. Part of it is the companies which underwrite and administer contracts for Afer (a savings association which I do not think has any real parallel in the UK). As such, part of the value of that part is bound up in the contracts with Afer and their continuing commitment to the relationship. The French operation also includes a bank (Union Financiere) and, in the current market, I am not sure you can value a bank in the same way as an insurer. And, applying to all the French operation, you have the greater difficulties of political interference and unions compared to Italy (yes, really). So it is difficult to make straight comparisons across the units on the block. But I still expect to achieve in excess of the 3 billion.

[karv1] 24/11/2020 10:19

The Italy sale price reflects it is a JV sale at 8.4x. So I am guessing people would expect a far better deal for Aviva France. 18.7x Aviva Singapore’s looked good to me.
Would this not suggest a price far far higher than the 3 billion being thrown around on many news sites. for AVIVA France. taking into account RSA 15x as well.