Aviva Share Discussion Threads

[klotzak] 03/3/2021 21:01

Could be that the dividend is enhanced with the unpaid from last year.

[scobak] 03/3/2021 20:15

Any sign of a comeback by wba1?
Missing his sagacious advice. Makes this site a poorer place for all.
He has been an asset in as much as his advice re LGEN, SBRE and MNG has given me enough info to make 'a bob or two'.

[spud] 03/3/2021 20:03

I've zero expectations of a Special being announced anytime soon. I do however expect to receive one, probably during 2022. spud

[1robbob] 03/3/2021 19:28

If she says nothing on Special Dividend strategy, even if for later in this year or 2022, I don't see the stock trading at a sub 5% yield, probably not even that low
I will be happy to be proven wrong

[whatsup32] 03/3/2021 19:21

Muscle agree absolutely unnecessary to show your cards at such an early stage re special dividends . I’m hoping for more guidance on disposals and trade in general

[geardown107] 03/3/2021 18:57

There is every chance, by ex divi we'll see 399! That's before the obvious retraction.

[muscletrade] 03/3/2021 18:47

@1rob
"I think that AB has to say something very specific about the prospect for Special Dividend(s)"

I have doubts that she will say anything specific about special dividends and or buy backs. Its going to be best part of a year before major disposals finalised and there is always something that can go wrong in a year.Why would she commit when it is not necessary yet? (rhetorical question).

[whatsup32] 03/3/2021 18:00

Nice finish , market seems to be expecting positive news tomorrow, let’s hope they are right .
After 2 years down 13% on my investment (was down 40% at one stage)

[1robbob] 03/3/2021 16:32

With the yield now under 5.5%.
I think that AB has to say something very specific about the prospect for Special Dividend(s)
...if she doesn't I think the share price will struggle to make much further progress from where it is now

[demi] 03/3/2021 16:30

At this rate tge share price could be over £4 by the end of the week

[cyberian] 03/3/2021 16:22

Very good point "wadders5" and I like the 130% tax allowance on major investments.

[wadders5] 03/3/2021 16:04

I think delaying the corp tax rate rise until 2023 will see lots of companies with high provisions releasing them in next years figures. Going to be some bumper profits flying about in insurance and banking.Don't think it was done by accident either. Good ploy to unlock hidden away profits and get all the tax.

[cjac39] 03/3/2021 15:30

i dont have much to comment on this EF. doesn't look that material to either party. it does beg the bigger question as before on whether they look at something strategic on the GI side. i cant see them adding to life at all as they have one of the best new business engines anyway and its ROC isn't great with such a large heritage and back book (unless they weaken solvency 2 and then annuities will be fully in flavour). so GI or maybe AM /platform is only real place they can invest their new riches or hand it back clamour will grow and grow. their platform is pretty shonky but decent size and AM looks bit too index orientated and low fee to make a real splash.

[eurofox] 03/3/2021 12:13

thanks spud, would be good to have some comments from our resident experts like cjac39 et al

[spud] 03/3/2021 11:43

AXA XL confirms plans to sell private clients business to Aviva



After rumours began swirling that AXA XL was looking to sell its private client business to fellow insurance giant Aviva, the company has issued a statement to Insurance Business confirming its plans.

In the statement, the company outlined that it has been looking to reposition its UK & Lloyd’s business to focus on optimising its portfolio to fit strategically within the AXA Group and the broader AXA XL division – and part of that will see it reduce transaction volumes and the type of consumer and personal business it writes in the UK.

“AXA XL has invested in and developed an established and market-leading UK private clients team over the past several years; however, as part of a strategic realignment, we have decided to sell that part of our business to Aviva,” it said in the statement sent to Insurance Business.

“This action relates to private client business underwritten in the UK. This decision does not have any impact on our fine art and specie business in the UK or worldwide and it does not mean that we will exit all consumer lines business in the UK.”

It is now expected that AXA XL’s private clients team will move across to Aviva in a deal scheduled to be completed later in the year. The move is seen as a sign of intent for Aviva in the HNW personal lines market. A team of around 30 is expected to manage the run-off of the AXA XL private clients book, while establishing a new entity for Aviva.

Meanwhile, Sean McGovern, CEO of UK & Lloyd’s at AXA XL, told Insurance Business in a statement that the move was the “last major step” in its portfolio realignment.

“Over the past six months, we have been taking decisive action in the UK to get our portfolio to where we want it to be,” he said. “The sale of our UK private client business is the last major step and enables us to focus attention on our core specialty, wholesale and commercial P&C business and it does not impact our specialist fine art and specie business in the UK or worldwide.”

spud

[bracke] 03/3/2021 11:24

"Why do I always have a sense of dread before Aviva results day?"
==================================================================

Ides of March?

[muscletrade] 03/3/2021 10:39

I notice that some posters now considering taking some profits after an excellent recovery run since second half of November. Nothing wrong with taking some profits and everyone has individual requirements so no criticism from me. Although re-stating what we already know, it is perhaps worth remembering that the share price improvement is a function of the very oversold share price to start with as well as the strategy and actions by the Board on the 26th Nov.

The current valuation is still only c£15Bln yet roughly half of this (C.£8bln) is in the process of being turned into cash in the form of disposals and lower capital requirements. That would value a more valuable investment grade "Core Aviva" at just 7Bln which is obviously wrong.I expect at least £2 to £3 Bln of excess capital will be reinvested in Core Aviva, So in my view the journey has still
a considerable way to go.
It is not going to happen overnight as the disposals already agreed and yet to be agreed have to be finalised etc and France /Poland are going to take until the end of 2021 I expect. Meanwhile we are still being paid a dividend of 21p while we wait, although as indicated by management this 21p will be increased for 2021. DYOR

[devonbeachbum] 03/3/2021 10:37

Thanks for reply fox. Similar to dr B I've got way too much holding in Aviva- but it's all good rite now :) But I agree with RCT and spud, there's too much happening to bail out. Loving spuds target!

[rcturner2] 03/3/2021 10:02

The price strength in the run up to the results is almost certainly a positive signal here. I am still holding my shares and have no intention of selling.

[eurofox] 03/3/2021 09:57

ex div is 8th April

[1robbob] 03/3/2021 09:55

Just to warn
I think that AV will not go ex the Final 2020 Dividend until circa 9th April
....with payment due to be made on 14th May

[eurofox] 03/3/2021 09:50

Devonbeachbum,

The metric which is not talked about above is the productivity of the core business - and this is key to a higher valuation of that business, so I will be looking to the announcement of serious cost reductions in running the core business and/or advanced plans for doing this in the near future, particularly with innovative use of fintech (as long as that is not overpaid for).

[wskill] 03/3/2021 09:21

This year we will not have the usual Stories fed to us with the profit hidden in reserves for the lean times ,AB will do better as this moving with pace is being dictated to her that I am sure .I for one am not looking to tomorrow’s results with any of the usual dread you have from being a long term shareholder in Aviva.

[spud] 03/3/2021 09:12

Top slicing at 500p for myself DB. Too much in the pipe atm and I don't wish to miss out on the dividend plus a potential Special.Any major returning cash to shareholders via BBs could prompt me to change that plan though.spud