Aviva Share Discussion Threads

[cyberian] 21/10/2022 10:16

Sorry to make a political post here but Boris would destroy any hope of healing in the Tory Party...it would split which may not be a bad thing for the longer term. Rishi is the only chance given some time if elected...he has the brain and wider appear than Mordant with MP's. In the event of it being clear that Richi will be the one nominated then the market would definitely rally and a Boris victory would see us crash further..all in my opinion. I have made some good trading returns recently with Aviva, and LGEN and powder dry but ready to move only if Richi is going to win. He would be handicapped by those that still remain supporters of Boris and they would have to be silenced...Moggy and that idiot Dorres are an embarrassing duo.

[geckotheglorious] 21/10/2022 09:37

So basically a Remainer coup 1robbob

[1robbob] 21/10/2022 08:36

The market is a little spooked by the prospect of Boris perpetuating a substantial division in the party at Westminster....not a great recipe for 'stability'

Personally I expect only Rishi and Mordant to get over 100 backers by Monday and that on Monday Mordant will withdraw (in exchange for the Foreign Office) to allow a Rishi 'coronation'

[eurofox] 21/10/2022 08:24

Based on gilt prices and the counts for candidates, the gilt market does not like this so expect to see more interest rate upward pressure - sterling also dropping again

[beermat1] 20/10/2022 14:18

Tax records unfortunately….my second complaint was rewarded with a Barclays hamper, so some silver lining !

[eurofox] 20/10/2022 13:16

beermat - waste of time trying that sort of exercise - I just waited for a risk-off date when the share price was close to 375, dumped the lot and immediately bought back without incurring a loss from a P&L perspective

[geckotheglorious] 20/10/2022 13:01

It's official, we are re-running the 70's!!

And, coincidentally, cap in hand to the IMF around circa 2029 is just in time for 2030 and Agenda 21/Agenda 30 and Great Reset.

Who'd a thunk it!

[beermat1] 20/10/2022 13:00

Eurofox, I’m on Barclays too, may I ask if the aviva book cost has been updated on your account to reflect the b share allocation last May….I’ve chased three times but still no correction made on my account, tks

[igoe104] 20/10/2022 12:57

Labour government will be terrible for markets in the UK. Capital gain tax will jump significantly. Folks need to be careful what they wish for ..

[gilesy911] 20/10/2022 12:30

PM about to go???

[eurofox] 20/10/2022 09:55

very low volume today

[yf23_1] 20/10/2022 07:18

stupid UT yesterday, so we're not actually down. :)

[cassini] 19/10/2022 21:24

eurofox,

Thanks for the info.

I'll keep my powder dry for now.

[eurofox] 19/10/2022 15:56

I am keeping some ready cash around for when/if gilt prices drop back because if the BoE are still expecting their rate to get close to 6%, some of the banks that are required to hold stocks of gilts may just sell those gilts in exchange for BoE deposits, in which case gilt prices may soften again.

I also think bond traders will attack again if Truss carries on refusing to go.

[eurofox] 19/10/2022 15:51

I'm on Barclays Smart Investor platform and although (a) all sorts of warnings about volatility flash up and (b) you can't place limit orders that last longer than a few minutes and (c) buying at best is not a recommended route because you don't know what you might end up with, I have had no other barriers. I do get a real time feed of bid/ask prices by including the gilt epics in monitor for which I do pay a monthly fee. On the other hand I bought some BATL bonds where their means of control on your activity is a minimum purchase of 50K bonds.

I don't know about the DMO route.

[smidge21] 19/10/2022 15:48

No. But execution (through HL at least) can be tedious eg 15 mins

[cassini] 19/10/2022 15:36

eurofox,

Is it necessary to have some sort of accreditation to buy gilts ('approved investor?).

I heard there was some sort of money laundering hoop to jump through, or is that only for a direct buy through the Office of Debt Management?

[cassini] 19/10/2022 15:31

It is all a bit odd - all the unfunded covid borrowing (500bln?) was OK, that 150bln of unfunded energy cap money breezed through but 45bln of tax cuts apparently sent the market to DEFCON1?

Maybe it was the straw that broke the camel's back but a Globalist whackjob doesn't seem completely out of the realms of possibility. Anyone remember Black Wednesday and George Soros?

[eurofox] 19/10/2022 15:24

What ever was going on it was a magnificent opportunity to pick up a ton of gilts at close to 5% YTM now in profit including the cost of accrued interest

[muscletrade] 19/10/2022 15:21

@1rob,well the BOE finacial management and forecasting have been dire ("inflation is transitory") so perhaps their media management is a little better but not by much otherwise they might have advised Bailey to be careful with his ad hoc utterances.

Their failure to properly increase interest rates sufficiently (pre mini budget) was an open invitation to sell sterling without and any budget announcements at all. They seem to have been blissfully unaware of the stress to the finacial system (eg pensions) by excessive depreciation of sterling...or were they????

If I was a conspiracy theorist I might perhaps venture that they were aware and knowing what the mini budget contained deliberatley led Truss/Kwarteng into a trap but of course that is too fanciful.

[1robbob] 19/10/2022 14:50

muscletrade
Dare I suggest that the BoE's media management is far better than its Financial management and forecasting!!!
...sorry couldn't resist

[muscletrade] 19/10/2022 13:50

Gas price reduction is actually better than you quote. As I type UK Gas is down 41.3% for the month and 20.89% for the year.
TTF gas down similar for the month but up 20% for the year.