Aviva Share Discussion Threads

[cjac39] 13/5/2024 16:22

why would you need to own the car and why an expensive one in any case? you can imagine when you dont need steering wheel etc and all the dashboard stuff that cars could become very basic at a low price level, much easier to make and therefore cheaper to make

[bhoddhisattva] 13/5/2024 15:09

Full self driving cars a la Minority Report are 20+ years away IMHO

Just like nuclear fusion energy.

[fenners66] 13/5/2024 11:52

cjac39 - you can do that now , just take a taxi or hire a driver, or less easily go by train and public transport.
The problem is the cost compared to driving yourself.
And that will remain the problem a long time into the future - new cars are expensive enough.
BMW is already "renting" their cars software.
Self driving new cars likely to be too expensive for the masses for decades - 20million + cars already on the roads are not going to be replaced overnight.

[cjac39] 13/5/2024 11:03

its an interesting point about adoption of these but my suspicion is it will accelerate at pace if they can crack self driving as who wouldnt want to chill in the back of the car, drinking a beer, watching your favourite show as you are whisked to your destination!

[p0pper] 13/5/2024 10:48

Berenberg raises Aviva price target to 572 (550) pence - 'buy'

[whatsup32] 13/5/2024 09:00

That makes sense and the view Warren Buffet took,however I take the view rates have gone up so much that we will be in for bumper profits for quite a few years to come .
Also in FT today JAB owners of Pretamanger want to get IN TO insurance business for "predictable returns"

Edit. Even if accidents drop dramatically I don't see insurance becoming optional . There will be cars on the road without selfdriving technology for at the minimum 20 years also cars that are stolen can be driven eraticly and cause accidents.

[cjac39] 13/5/2024 08:52

Isn’t it obvious it gets crushed as if it’s only needed for theft it becomes discretionary and in any case profits are tied to premium size, ie the % risk premium relative to loss. Less losses = less premium = less profit available?

[whatsup32] 13/5/2024 08:11

I actually sor that on YouTube. He said selfdriving will make driving safer and insurance sector won't benefit from it . "Berkshire owns Geico"
I brought that topic up last week and a few here agreed with him . I took the opposit view .

What do they know:)

[cjac39] 13/5/2024 08:06

an interesting point came up with berkshire recently....what do you think self driving cars do to car insurers?....

[whatsup32] 13/5/2024 07:55

Pret a manger owner JAB wants to get into insurance sector.

Says it wants predictable and steady returns .
Article in today's FT

[1robbob] 12/5/2024 10:44

In case my previous request has got lost with subsequent posts

Is there anyone out there who can enlighten me as to how and when the profit/loss on BPAs is accounted for?

....In this weeks IC, in an article on L&G it was suggested that the profits are largely front end loaded. Obviously this has longer term implications for Dividend security

[carpingtris] 11/5/2024 20:34

I quite believe it and in a world where sustainability should be the first priority instead of writing off a perfectly good vehicle.. hope this gets proper attention and those that have been screwing the system (bodyshops?) get there cumupance.

Insurance companies staff should also question high prices and stop thinking its an open Chq book like all those companies that work for governments with our hard earned taxes!

[whatsup32] 11/5/2024 20:26

This article is worth reading

[alphorn] 10/5/2024 20:50

You need to read my letter to RR.
(draft on #25976)

[1robbob] 10/5/2024 19:24

Presumably 'Defined Benefit' means exactly that.
The members will receive what they signed up for.
What is your concern?

[alphorn] 10/5/2024 18:14

I have much more concern for the members following a plan transfer.

The situation is IMO not clear at all and I have written to Rachel Reeves, shadow chancellor, on the subject. I have yet to have a reply. More on my thread if of interest.

[1robbob] 10/5/2024 18:03

A question for cjac or anyone else with the knowledge

When are profits/losses from acquired PRTs released to the P&L Account and how are they calculated
.....in laymans terms please?

I ask because an article on L&G in todays Investors Chronicle seems to imply that the profits are front end loaded and primarily positively effecting the P&L Account over the immediate short term

Thanks in advance

[whatsup32] 10/5/2024 11:16

1rob , I noticed that too .
With rates tending lower and inflation getting tamed plus new cars getting cheaper 20% discount on some and better parts availability. I suspect trade update shouldn’t have shocks .
I suspect there will be some shares bought with dividends in 2 weeks time . It’s looking bright

[uppompeii] 10/5/2024 10:23

I had £1000 last summer! Only missed one month out of the year, and hold half the max.

[1robbob] 10/5/2024 10:16

...and back to AV

Intriguing that there does not appear to have been any Buy-back purchases for a week now.
Trading volumes have been pitifully low which implies equilibrium between Buyers and Sellers...for the first time in decades!!
I suspect Sellers want 500p+ and AV do not, at the moment, want to pay 500p+

I am sure that AB wants the Buy-back completed by the time of the Q1 Update
So watch this space....we could see the other side of 500p pdq

[geckotheglorious] 10/5/2024 10:05

tuftymatt
You guys are so lucky. I held the maximum for decades, and only ever got £50 a month here and there(ie 6-8 months a year)

£250 in month! Lucky gits.

[tuftymatt] 10/5/2024 08:37

My return last year with the max holding was just 3% and so far in 2024 I have "won" £650 after 5 draws.

My biggest monthly win is just £250 which has happened twice and I have held the full allocation since late 2021.

It's my safe, tax free emergency fund is how I view this and if one day I do manage to return more than circa £3k a year from it then that's great.

Long term money is better off invested though but 2 people a month do pick up £1m so you never know your luck!!

[1robbob] 10/5/2024 08:14

FYI
Currently the Premium Bonds Prize Pool is 4.40% of the Total.
So this is the return that 'average' investor should achieve

The size of the Pool changes just like interest rates
The larger your investment (max £50k each) the more likely you will achieve the
same rate as the Pool
Tax Free and highly liquid

[ianguerin] 10/5/2024 08:06

whatsup - have you invested in Premium Bonds, where prizes are tax free? Not inflation-proof, but my return is currently 5.4% which is higher than what I've seen reported by the average holder

[ayl30] 09/5/2024 20:05

I do it myself, tax allowances reduced so not much to avoid the taxes now unless you go AIM, VCT route