Aviva Share Discussion Threads

[yump] 07/12/2023 18:44

Difficult isn't it - bought back in after transfer to ISA, but would like some more.

It bounced around this level earlier in the year before the gloom about interest rates fully took hold, but on the other hand it was around this level in 2019 and 2021, so is the business itself in better condition than then when interest rates were much lower ?

[yf23_1] 07/12/2023 18:40

wave count - extended 5th ?
Anyway, looks good, no sign of the ABC retrace.

[xongkudu] 07/12/2023 17:55

Mount pleasant. I agree. The only disappointment is that I’m not fully loaded here yet so was hoping another opportunity to get in around the £4 mark but that is now looking more and more unlikely. Mustn’t grumble..

[mountpleasant] 07/12/2023 16:43

These last few days ... the share price is like a coiled spring.

[smurfy2001] 07/12/2023 15:41

Foreign ownership of UK listed shares has hit a record high of nearly 60%, The Times reports this morning.

Which means the ownership of such assets by UK pension funds and insurers is at an all-time low – or at least the lowest since anyone started counting.

[whatsup32] 07/12/2023 10:40

fenner. Car insurance has not been profitable for most suppliers probably reason for their exit.
Still, one less competitor.

Ps. Nice to see blue in sea of red

[fenners66] 07/12/2023 09:54

More Than - a recognised brand - is exiting the UK car insurance market...

[whatsup32] 06/12/2023 21:50

Oil down 4% , wonder how it will effect markets tomorrow

[1robbob] 06/12/2023 18:47

Sorry Eurofox
Perhaps I shouldn't have used the word 'Amateur' !!!!

[eurofox] 06/12/2023 18:12

1robbob,

"However, I strongly suspect that AV has become a highly liquid proxy for the FTSE100 in the minds of 'Amateur Spivs'"

.. interesting because one of the reasons I originally invested in both AV. and LGEN was that they were in part proxy for FTSE

[1robbob] 06/12/2023 17:28

cjac is far better qualified to comment on the effects on AV of changing Long Bond rates.
I suspect that it is a case of 'swings and roundabouts' the benefit of having a diversified Insurance Business portfolio

However, I strongly suspect that AV has become a highly liquid proxy for the FTSE100 in the minds of 'Amateur Spivs'
So when sentiment is positive; FTSE100 UP: AV UP and as we have suffered, quite erroniously over the last few years, when sentiment is poor the opposite

[cjac39] 06/12/2023 14:50

well the pull to par is as with any qualifying corporate bond. you can still buy lots of things like tier 2 debt in aviva or others that trade well below par and give you a nice locked in yield of which >70% of it is tax free but the gilts were especially nice as they had 0.5% type coupons so almost all teh yiedl was tax free.

ive come to realise that interest rate effects on a company like AV or MNG is actually really complicated. so many of their businesses have different int rate risk exposures its hard to be general about it.

at a high level gilts rallying is not good for insurers aside from when they have surplus bond assets which a lot of them will. but falling rates is bad for GI, bad for selling retail products and bad for risk as it inflates their bs size so once again the mkt reaction is stoopid.

[whatsup32] 06/12/2023 14:22

I had no idea gilts were capital gain tax free. Well done.

[eurofox] 06/12/2023 14:17

Its complex and cjac39/1robbob are far better equipped to give you a view/explanation.

My interest in gilts is become they are far and away my biggest holding all bought when no one else wanted them (well under par and at over 5% YTM in 6 and 16 year maturities) and in terms of capital gain (tax free) is almost an embarrassment.

[whatsup32] 06/12/2023 14:12

Eurofox.

Just asking is there a correlation between Av and gilts.
Appears market up across the board.

[eurofox] 06/12/2023 14:08

gilts on fire again

[richie1218] 06/12/2023 12:42

Well it looks to me like the start of the long waited for re-rating of the AV share price today. £431 is the first target we need to break through, then onwards and upwards ...

[whatsup32] 06/12/2023 11:33

Decent shares traded over 3m already.

Edit. Pru up 3.4%

[careful] 06/12/2023 10:16

looking at Boris Johnson's hair at Covid enquiry.
What a clever distraction, it is so bad it is difficult to concentrate on the verbals.

He is having a bad hair decade.
Worth a look, it is very funny.

[whatsup32] 06/12/2023 10:04

Back to bid speculation level.

[geckotheglorious] 05/12/2023 13:56

1robbob
Cheers. So slightly more than about one years NHS contributions!!!

Wow what a waste.

Ditto the Debt service costs we pay as well annually.

[1robbob] 05/12/2023 13:43

GeckotheGlorious
The losses on the current ‘portfolio’ are estimated at circa £126Bn (!!!???)


That Ace Chancellor George Osborne and his subsequent successors decided to take earlier profits in the year that they arose and used them to finance current expenditure!!...so they are long gone

Gecko
Radical I appreciate but...My suggestion to the next Government would be to cancel all the Bonds owned by the BoE.
Thus reducing UK Long Term Debt by circa 30%, making our financial aggregates look significantly healthier...I do recognise there will be an income loss, but this will not be huge and the price paid to cancel would just be a book keeping entry

I think I may have exhausted this Topic now...I can hear the cheers!!
Suffice it to say HMG/BoE have destroyed the UK Equity market...not the lack of risk taking Long-Term investors

[spud] 05/12/2023 13:23

Lancaster. Perhaps you didn't read my back on topic post yesterday but please, let's not revisit this particular rabbit hole. The thread is called AVIVA PLC for a reason. spud