Unfortunately as we’ve left the EU, its no longer easy for over 50, overweight vest people to emigrate to the Costas. |
600p is coming |
Probitas announces 'best ever result' after Aviva acquisitionhttps://www.insurancetimes.co.uk/news/probitas-announces-best-ever-result-after-aviva-acquisition/1454692.article |
The Sunday Times.
"L&G sizes up impact of weight loss drug"
L&G Argues if you're fat and in you're 70's there was no implications from taking the drug. If youve been obèese for 15 to 20 years damage is already done.
Younger policy holders will benefit from taking the drug but they probably live healthier life styles.
Implication was taking weight loss drugs will extend your life and there by policy holders will receive more money. |
When IC say buy it's bad luck. |
If she wants to 'vet' the white males, that's fine by me. In fact i find it quite reassuring that she is attracted to white males. All the same, I hope she isn't putting them through their paces in company time. She is paid to run the company, not to advance her love life. It would also be in breach of good ESG practice. |
Surely in these days of automatic tea and coffee machines we don't really need the numbers of women in the workplace we did years ago? |
Aviva
Investors’ Chronicle
Aviva’s full-year adjusted operating profit, general insurance premiums and wealth division have grown, while it has also had its highest year of bulk-purchase annuity sales. The shares have risen 14% since January, and it has increased the full-year dividend 7%. Aviva’s £2.7bn acquisition of rival Direct Line will help it shift more towards motor and home insurance and away from the capital-intensive life insurance business; “we like the logic of the deal and the outlook for shareholders’ returns”.
Buy (536p). |
The CEO and board can do what they like, as long as the shareholder returns keep coming. Having seen a gain of 18% on my SIPP buy, I have halved the holding as it is looking toppy now. Plus I am well into LGEN and PHNX so too much asset allocated to insurance industry. I can see these latter two rising a bit but not this. |
I'm very disappointed in you, bodhi! I thought you were one of us. Now you've turned all woke, worrying about discrimination in the workplace. I'm with Gekko here. You can have all the "discrimination" you like so long as you deliver on the bottom line, that's what I say. We're supposed to be tough men not crybabies, don't forget. All power to her elbow. |
Agree wholeheartedly with your first para.
A shame you spoiled it with your second - leaves me wondering whether the right prospective senior execs will get the nod. |
Well done Amanda Blanc. Without doubt she is amongst the top 3 CEOs in the FTSE 100. Some insecure men called her woke for insisting on personally vetting ALL senior appointments. I've run a large successful company too and by golly I insisted on approving all such candidates.
BTW there is only one certain, defensible definition of the silly word "woke": "not agreeing with my misguided, inadequate, view of the world" |
Nice start to the day. Pity I sold yesterday:) |
Shocked to see my car insurance policy with QuoteMeHappy drop from £576 to £530. Terrible customer service (try getting hold of them for a windscreen claim) but they seem to be the cheapest. |
Legal & General announces £500m share buyback as annual profits rise. |
Decent clime this morning in an uncertain market. States look like opening positive. |
 I shall be sorry to see the prefs go. I have held them for ages and with so many companies going for buy backs at the expense of dividends they have provided a welcome reliable income stream.
By a stroke of good fortune I topped up the holding substantially last year in expectation of further interest rate cuts, so overall I shall make quite a decent capital profit.
The problem will be to find a safe, reasonably priced, like for like replacement. It looks as though prefs will soon be a thing of the past! That only adds to the reinvestment problem. I certainly don't want to buy alternative prefs at an inflated price (and thus lower dividend running yield) reflecting a hope of cancellation at a premium and for that not to happen.
The wife held RSA prefs and bought Standard Chartered prefs with the proceeds of those when they were cancelled but ever since the Bank of Scotland fiasco I have been a bit leery of investing in banks within the 'boring but safe'element of my portfolio. Maybe a bond investment trust is the answer. Or even some IL gilts if Rachel from accounts does a Truss! Inflation is always a concern with fixed interest. |
Bought back some @523.5 |
They were paying about 8% about a couple of years ago, at the actual market price then.
They've been a nice, dull little earner for me, much steadier than my ordinary shares.
RSA bought back a pref too last year.
I think once they are no longer counted as regulatory Tier 1 capital (after ~six years?) it makes sense to buy them back. |
8%+ is the coupon at par (ie at issue) not current market price
At the Tender Offer price the yield is circa 5.8% |
Blimey. Which prefs are paying over 8%, I want some of those!! |
Pref shares are paying over 8% . Actually makes sense |
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