Aviva Share Discussion Threads

[1robbob] 11/10/2022 12:58

Yes Skinny
Now fully computerised with no qualification requirements to operate!!

[1robbob] 11/10/2022 12:39

Dare I suggest that HMG is not solely responsible for the current mess

1) NATO's pathetic allowance of Russia's annexation of Crimea, which gave Putin confidence for furter annexations
2) Russia's unilateral attempt to annex Ukraine and the subserquent effect on Energy and food prices
3) Central Banks' continued use of QE since 2008, long after necessary
4) Federal Reserve's aggressive tightening of Interest Rates to unwind the excessive impact of QE in reducing Interest Rates
5) The BoE's continued failure to recognise the trajectory of Inflation, thus leaving interest rates too low
6)The BoE's failure to match the Feds interest rate increases
and of course
7) HMG's outrageously mistimed expansionary budget

All of the above are responsible, none exclusively

PS: How will the BoE finance the loss on it's QE portfilio of £900bn gilts
This loss dwarfs any budgetary shortfall resulting from the recent budget

[cordwainer] 11/10/2022 12:24

Agreed. That 1% of the population voted in this pie-in-the-sky Truss out of simplistic selfish greed I kind of hope they regret what the economic mess does to their pensions, property values and dividends.

[smurfy2001] 11/10/2022 11:57

Blame the conservatives for this mess.

[cordwainer] 11/10/2022 11:51

In defending against a pension fund 'fire-sale', surely the BoE cannot resist the global financial markets without further decimating the pound ? Maybe this time tho it's the falling pound which ultimately stalls the bets against gilts, unlike the peculiar day long ago concerning the Exchange Rate Mechanism, and assuming BoE doesn't go crazy with daily interest rate increases.

With AV. and LGEN making up about 11% of my pf I'm a bit concerned.

[skinny] 11/10/2022 10:37

Haven't they just!

[spud] 11/10/2022 10:27

Well they've certainly got plenty of choices here in discount GB robb! spud

[1robbob] 11/10/2022 10:14

With the US$/£ rate where it is.
AV must be a very tempting buy-out for one of the big US Pension Funds?

[blackhorse23] 11/10/2022 07:29

AVIVA director bought BP & CURY (LSE) shares last week , WOW

[yf23_1] 10/10/2022 15:21

BOE rate will go higher than it is now, but its not going to go higher than 4% because, as you say, the economy cannot stand them above that.
GACB is nearly at par, giving a yield over 7%, which seems a bit of a giveaway to me.

[eurofox] 10/10/2022 14:37

Have been bond & gilt buying today

[oldfellowme2] 10/10/2022 13:15

Agree entirely with everything you say cjac39 but it did not help the share price of LGEN.

[cjac39] 10/10/2022 13:03

i suspect when it comes the retrenchment in yields will be as brutal as the recent sell off. from what I can tell everyone is short UK rates, short UK ccy, short UK stocks and when they realise the economy cannot stand rates anything like where the gilt market is pricing forward, the unwind will be spectacular.

its also clear from recent announcements that indeed higher rates helps UK life insurers quite a lot. whilst the p&c float might show a drawdown, the ability to generate decent returns in this side of the business coupled with a nice hard underwriting market in commercial lines will also produce fantastic returns for p&c companies.

its only a month till aviva provides an update which I think will be very interesting as was lgen.

[yf23_1] 06/10/2022 18:51

That Fool site has the graphs all wrong.

[eurofox] 06/10/2022 18:27

Buzz. I will be in both forms of investment, tha cash is ready and waiting.

[buzz24] 06/10/2022 17:23

With the fragility of the market, it could be nothing will change with Banking and Insurance stocks and actually the BoE could ask them to keep more cash on their balance sheets and that could affect the dividend payouts? Also we may not have seen customers withdrawing from these markets as mortgages and energy costs increase dramatically.

ie being in shares may not be the best policy if 5-6% can be gained other ways? That was said here a couple of weeks ago by Eurofox and surprised he went back in again so soon...But who knows which is the best move and Directors buying is not always the best indicator. But they know the score as much as anyone..Buy price is the key of course.

[1robbob] 06/10/2022 15:38

Cassini
Only 2 emotions involved in Investment
Greed and Fear !!!!

[geckotheglorious] 06/10/2022 09:04

Cassini,

Avarice the same yes.

Mind boggles that some are so greedy they keep a "mortgage" on their property solely to gear up their portfolio.

Avarice of the highest order.

Same type of people that welcome open doors immigration compressing wages at the bottom end of the ladder. As long as they get their cheap cleaners, gardeners they care not.

[mo123] 06/10/2022 07:37

On MF today if anyone remotely interested.

[cassini] 05/10/2022 18:06

I was thinking about greed the other day, it leads people to make bad decisions in so many spheres. Short term profit, long term pain.

I think avarice means the same thing and is one of the Seven Deadly Sins.

I don't know who Lord Young was, but I seem to remember a quote from him: when asked how he had made his fortune, he replied 'By always leaving a little for the next man' (from memory).

[geckotheglorious] 05/10/2022 15:40

Leverage, otherwise known as greed.

Why we are in the financial mess we are, both as a nation, but also globally.

[cassini] 05/10/2022 12:43

IMO the drop today is just market driven, a pullback across the board after a bounce the last three trading days. The ftse100 is trading out the exact same pattern as the insurers, or rather, vice versa.

It wouldn't do to become complacent though, IMO the bigger picture is whether the ftse100 can hang on to 7000. If not, it'll take the insurers down with it.

I think this will develop into a bear market (i.e. -20%) in time. I can't see any good news out there.