Aviva Share Discussion Threads

[skinny] 13/9/2023 08:33

A reminder :-

[richie1218] 13/9/2023 08:30

we still have JV's in China and India that we can divest from yet... and then on to the big one "Canada" imo

[andyble] 13/9/2023 08:26

Well I am not too sure the Singlife exit is worth this price rise but everything helps. I do wonder though what is next - Canada, Ireland, the legacy life book - and in which order.

[devonbeachbum] 13/9/2023 08:20

Just wondering what you call a better level Jim? With a quarter of the shares cancelled, then a £300 million buyback this year, I see only a significant further interest rate rise can make this go much lower.

[jubberjim] 13/9/2023 07:26

Might be time to buy here but my inclination is still to wait and see how the overall market pans out
The facts as they stand say share price should be higher and the fact that it along with its contempories are still lagging gives me cause for hesitation

So will continue to watch and look to get in at better level

Good luck all

[cwa1] 13/9/2023 07:16

The disposal proceeds will be considered alongside Aviva's existing capital management framework. Under this framework, any surplus capital is available for reinvestment in the business, bolt-on M&A, and/or additional returns to shareholders.

Errr, I'll vote for that one, thanks!

[skinny] 13/9/2023 07:03

-- Aviva to exit Singlife joint venture for total consideration of GBP0.8 billion, including sale of debt instruments(1,2,3)

-- Transaction further simplifies the group's geographic footprint and supports the focus on capital-light business units

Aviva plc ("Aviva") today announces that it has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd ("Singlife"), together with two debt instruments, to Sumitomo Life Insurance Company ("Sumitomo Life") for total consideration of GBP0.8 billion (SGD 1.4 billion) payable in cash at closing.(1,2,3) Sumitomo Life will pay consideration of GBP0.5 billion (SGD 0.9 billion) for Aviva's equity stake and GBP0.3 billion (SGD 0.5 billion) for the two debt instruments. Sumitomo Life is currently a 23.2% shareholder in Singlife and sees Singapore as a key market within its overall Southeast Asia strategy.

Amanda Blanc, Group Chief Executive Officer of Aviva, said:

"This is a good outcome for Aviva. The transaction further simplifies the business and we are in a very strong position to build on our trading momentum in the UK, Ireland and Canada."

In 2022, Singlife contributed GBP17 million to Aviva's operating profit.(4) The combined carrying value of the equity stake and debt holdings contributed GBP729 million to Aviva's IFRS 17 net asset value as at 30 June 2023. The transaction would have increased Aviva's Solvency II shareholder surplus as at 30 June 2023 by GBP0.4 billion and the Solvency II shareholder ratio by c.8 percentage points.(1) It would have increased centre liquidity by GBP0.8 billion.(1) The equity value represents a multiple of 2.2x Solvency II Unrestricted Tier 1 capital as at June 2023.

Aviva's exit from the Singlife joint venture represents a further step in the simplification of Aviva's footprint following the international disposal programme completed in 2021. It is also consistent with the group's ambition to focus on its capital-light business units. Aviva sold its majority stake in Aviva Singapore to a consortium led by Singlife in 2020.

The disposal proceeds will be considered alongside Aviva's existing capital management framework. Under this framework, any surplus capital is available for reinvestment in the business, bolt-on M&A, and/or additional returns to shareholders.

The transaction is subject to customary closing conditions, including regulatory approvals where required, and is expected to complete in Q4 2023.

-ends-

[geckotheglorious] 12/9/2023 22:56

Erm, stupidity or error?

4 posters with the same one liner!

All filtered.

So mentioning the Posters names, their post -

"Positive outlook for Aviva's stock performance."

Sees the post automatically restricted by ADVFN...

Why?


KunjanMcmillen
Post 17127
"Positive outlook for Aviva's stock performance."


JohnRostencz
Post 17128
"Positive outlook for Aviva's stock performance."


scottmitchellnctuzs
Post 17132
"Positive outlook for Aviva's stock performance."

Gorden2345
Post 17133
"Positive outlook for Aviva's stock performance."


Finally got ALL my post through absent the prior error repeatedly received

"Something has gone wrong with your post, please try again. If it keeps happening, contact support"

[geckotheglorious] 12/9/2023 22:54

Why are "some posts" not being accepted on THIS specific board but I can post on the BAT board without any problem??


Advfn is clearly censoring POSTS as I have tried 6 times to post but ALL get the same message


"Something has gone wrong with your post, please try again. If it keeps happening, contact support"

[jubberjim] 12/9/2023 17:24

It will but only after you and I have given up the ghost and sold

Just bank the dividends and go after the other fish

[daisylove] 12/9/2023 14:20

I'm hoping that despite inevitable wobbles along the way it might run up to around £4 at Xmas. Therefore it won't.

[marksp2011] 12/9/2023 06:38

I don't think there is much short interest so looks like more sellers than buyers. I think this price will become more and more cyclical as the divi increases. Why hold after 2nd XD?

[skinny] 11/9/2023 11:26

Either price would do me!

[jubberjim] 11/9/2023 11:22

As stated on lgen Deutsche and Motley Fool

Don t know behind from elbow

Not for me

[cwa1] 11/9/2023 09:49

Deutsche Bank raises Aviva price target to 490 (475) pence - 'buy'

[garycook] 11/9/2023 09:19

Shorters getting crucified then atm.

[belluci] 11/9/2023 08:41

Direct line is high on the list.

[skinny] 11/9/2023 08:31

None of any note.

[mountpleasant] 11/9/2023 08:13

Can anyone provide the list of short positions.. what hedge funds are shorting, and by size?

I think its more about the interest rate cycle.. any BOE guidance about changes to policy would be well received by the market.

[marksp2011] 11/9/2023 07:57

That is just sillyIf shorters sell a good stock they will get crucified.The only time they can make money on a relatively liquid stock is if it is over valued

[gorden2345] 10/9/2023 19:55

"Positive outlook for Aviva's stock performance."

[scottmitchellnctuzs] 10/9/2023 18:40

"Positive outlook for Aviva's stock performance."

[cwa1] 10/9/2023 07:36

I would normally say: you can say that again...but...being honest...that's probably often enough already 🙂

[dr biotech] 10/9/2023 07:35

Prepare for a tidal wave of spam from the newly created posters above. Across multiple threads I’ve seen similar posts…