Aviva Share Discussion Threads

[skinny] 16/5/2024 13:43

Multi year high in view @499.40p

[tuftymatt] 16/5/2024 13:36

As long as the markets in general stay positive then this will too is how I view it.

A break and hold of 500 seems highly likely to me this summer, especially if we get a rate cut, as high yielders will become even more in demand.

That's not even taking into account the company performance.

Good luck all 👍🏻

[p0pper] 16/5/2024 13:20

Those of us who have been here for an age know the history of this company, taking that in to account does anyone else think this is getting a bit frothy, or, more to go?

[whatsup32] 16/5/2024 08:02

FT. "Berkshire Hathaway reveals secret minority stake in insurer Chubb"

Conglomerate has quitly amassed $6.7b stake in new York listed insurance group

Last week he wasn't keen on insurers due to EV

Regulators allowed Berkshire to build a stake secretly .
Rough holding is around 6.7% of chubb

I hadn't heard of companies been allowed to build secret stakes. Seems unfair to me

[rongetsrich] 15/5/2024 20:50

Thanks cjac, appreciate your time and effort!
I notice there’s no sign of Allianz, is that because they’re a potential bidder?

[geckotheglorious] 15/5/2024 14:38

Old Republic is US listed.

Missed the other side of the pond bit :)

[cjac39] 15/5/2024 14:33

other side of the pond was the qn i think

[geckotheglorious] 15/5/2024 14:27

Cjac

No Munich Re, or Swiss Re?

Or

Old Republic insurance.

[cjac39] 15/5/2024 13:53

sure thing ron but im not recommending one or other

Renaissance Re
Arch
Axis Capital
RGA
Essent
EVerest
Chubb
Berkshire
Progressive
Fairfax
markel
WR Berkley
Brown&brown (broking)
AJG (broking)
marsh (broking)

would be my favourites list

[1robbob] 15/5/2024 11:12

whatsup32
Sorry I didn't mean to be so punchy
...Sufice it to say the Buyback is very far from complete

[whatsup32] 15/5/2024 09:16

1robbob.
"You Keep posting" . I posted it once a week or so ago and you replied along the same lines (they need to get their finger out) .
I haven't seen any purchases by Av for a week until yesterday's 338k buyback

[1robbob] 15/5/2024 09:05

whatsup32
You keep posting tht the Buyback is nearly finished...far from it
On what they have announced
It is only 62.2% complete, still £113m left to spend - looking unlikely to be completed by next Thursday but just possible

[whatsup32] 15/5/2024 08:13

Next week trading update and dividends paid on same day. I'm not expecting anything negative or shockingly positive.

Further 338k of shares bought back yesterday . Can't be much left to buyback

[rongetsrich] 15/5/2024 06:13

cjac39, would you be willing to give a run down of the best on the other side of the channel?With a likely change of government I'm considering the alternatives now, before the plundering begins.

[rongetsrich] 15/5/2024 06:11

https://www.proactiveinvestors.co.uk/companies/news/1047433/aviva-outlook-extremely-strong-as-tailwinds-multiply-broker-suggests-1047433.html

[cjac39] 14/5/2024 20:15

i need to do more work as been busy but my rough prognosis on uk (listed) would be:

cheap: pru (needs work)
ok: chesnara, mng, just (mea culpa 1jat)
divi but not cheap: av
not great: lng, phnx

i screen 200+ insurers globally so could go more but this is av thread

[carpingtris] 14/5/2024 19:44

Thanks for the reply 👍

[cjac39] 14/5/2024 19:28

carping - ive been selling down. wont go to zero and nothing to do with car insurance which is pretty immaterial. I really like what theyve done and AB refresh of mgmt team. Feels like shes approaching end of her time and Id be super interested in who next. From what I can tell she likes the composite as is and isnt going to go further. She doesnt have any edge in wealth, platforms or life or asset management. Strikes me they either need an amazing next ceo or the breakup will become the most obvious strategic choice. GI and the rest really doesnt make sense despite them banging on about capital offsets.

[carpingtris] 14/5/2024 19:03

cjac39 - out of interest are you still a holder of AV. ?

All this talk of car insurance and whether the cover etc will still be the same/required going forwards... well it will because of the value vs thefts and you still get fires?

AV. Is more than just car insurance and perhaps the real money is in health instead as clearly the NHS isn't sustainable in it's current form.

[dope007] 14/5/2024 17:13

Yes whatsup, thanks to greed of the top of our ruling elite over 4 or 5 decades and look were we are today. China could switch us off tomorrow if they wanted, and debt is irrelevant.

Vast swathes of industry, electronic, chemical (basic raw materials), engineering, etc has been GIFTED to China, a communist regime for short term gain for a limited few.

[cjac39] 14/5/2024 15:47

ex employee: Tesla will achieve self-driving and have the biggest autonomous fleet in the world. This became obvious to us internally in the past few years, and is becoming obvious to everyone else as FSD rolls out. My journey at Tesla AI started years ago when I worked on the first multi-camera networks. Then, we added video / temporal abilities to it. This architecture we designed became the foundation of a big rewrite that created the Full Self-Driving feature. Later, I moved on from being a tech lead in the vision team to join the planning team and start another bold ML project
: an end-to-end network that takes in camera images and directly drives the car. There was a lot of disbelief at first, but as most of you know, this project is now popularly known as FSD V12. I had the pleasure to train and ship some of the biggest networks from V0 through V12 at Tesla. There's a big sense of accomplishment knowing the goals we set out years ago are now so tangible.

[whatsup32] 14/5/2024 15:25

The computer I use is made in China as is the phone , TV , IPad , Tesla is almost all made in China as is most parts for Mercedes, BMW , MG , Volvo , Alpha.
Then there is the sofa you sit on , table you sit by , pen you use and the clothes you wear. ALL MADE IN CHINA.

so spare me your ‘you support a regime that hates our way of life” , western companies have been supporting China for decades.

[dope007] 14/5/2024 14:24

So you look forward to cars that make money for a regime that hates our way of life and would like to change it?

[whatsup32] 14/5/2024 14:13

‘Craftsmanship that rivals U.S. vehicles” . That’s nothing to brag about , American made cars are terrible compared to EU - Asian.

I don’t understand why America - EU criticise China for manufacturing cars that are good quality, good price , good for the environment , good for inflation. My only criticism is for ICE manufacturers trying to scupper EV production.

I look forward to seeing BYD on U.K. roads.

[geckotheglorious] 14/5/2024 13:36

Cjac36

Will be much cheaper?
Looks like they are already!

"”BYD Company sends shockwaves across auto with its cheap Seagull electric vehicle model”"

Many reviews of the $12K Seagull indicate that it does not have the feel, for drivers, of a cheap car. The Seagull was highlighted by the Associated Press to have craftsmanship that rivals U.S. electric vehicles that cost three times as much. Of note, a shorter-range Seagull version costs under $10,000.