Aviva Share Discussion Threads

[yf23_1] 05/4/2016 13:20

RSI below 20, ridiculous.

[edmundshaw] 05/4/2016 10:01

BTW using adblocker plus on firefox also gets rid of unwanted ads

[bili1946] 04/4/2016 20:17

Big drop here considering ex div on the 7/4/16?
(dividend of 14p?)

[edmundshaw] 04/4/2016 14:46

Dr Biotech thumbs up for making me lol. :-)

[alphorn] 04/4/2016 13:04

These may get a boost in the new tax year?

[a0148009] 30/3/2016 12:56

Many thanks chaps will have look at them.

AO

[grahamburn] 30/3/2016 11:50

Also works well with IE, though not yet available for Edge.

Definitely speeds up advfn phenomenally.

[cwa1] 30/3/2016 11:30

Using Adblocker on Chrome and it seems pretty user friendly with that.

[a0148009] 30/3/2016 11:07

XD 7th April 14.05p = 3.05%.

Anyone experiencing excessive pop ups on ADVFN they are crammed in on every page and interfere with navigation of the site or is it Firefox.

AO

[buywell3] 29/3/2016 06:42

I have been sceptical of the recent rise ( last year or so , of AV. )

Chartwise it has not seemed convincing

Sub 400p now looks to be coming within weeks , with the RSI once again hitting 20 (see header)

forecast over the weekend on advfn threads that 3 EU BIG name banks will fail within 24 months

I also forecast that the FTSE 100 is on its way down to 5,500 (over a week ago) if it failed at the 6,200 level, which it did on thursday



A 'perfect storm' is brewing over the most important part of the UK economy

Banks and investment firms have reported the sharpest deterioration in their outlook in over four years


29 March 2016 • 12:01am

A “perfect storm” of fears over the state of the world economy, Britain’s place in the EU, and market volatility is gathering over Britain’s dominant financial services sector, according to a new survey.

Banks and investment firms have reported the sharpest deterioration in their outlook in over four years in a survey of 104 firms carried out by the Confederation of British Industry (CBI) and accountants PwC.

What will Brexit mean for the City of London?

Only 14pc of financial firms surveyed said are they more optimistic about their business this year compared to last, while 35pc said they were pessimistic - marking the first drop in business sentiment since 2012.

Financial services - which includes banking, insurance, fund management and securities dealing - contribute to just under 10pc of Britain’s total economic output.
EU referendum in one word: What would a Brexit mean for the City?

Although the survey noted that profits remained healthy, hiring levels were steady and business volumes had been growing, looming political events combined with financial uncertainty emanating from Europe and China had dampened the outlook for sector.

Kevin Burrowes, head of UK financial services at PwC said “clouds” were darkening over the industry.

“With uncertainties over the EU referendum and global economy, the next quarter will be a challenging one for the financial services sector. Banks in particular are highlighting what a difficult position they find themselves in.”

Britons will go to the polls on June 24 to vote to stay in or out of the EU - an event which has already postponed investment decisions from some companies surveyed by the CBI.

“Concerns over China and a volatile start to the year for markets, alongside uncertainty about a possible Brexit, have created a perfect storm to dampen optimism in financial services”, said Rain Newton-Smith, director of economics at the CBI.

“Now that the referendum date has been set some investment decisions have been put on hold by some firms, though this is not widespread”, she added.

Britain's banks have also raised fears over the entrance of "challenger" banks

Concerns were most pronounced in the banking sector where sentiment has fallen at its fastest pace since the height of the global financial crisis in 2008.

The world’s biggest investment banks - many of which are headquartered in London - have been caught in the eye of an investor storm following the introduction of negative interest rates in the eurozone and Japan.

This has provoked jitters that the profitability of commercial lenders will slowly be eroded as they are penalised for holding their excess reserves with central banks and forced to pass on higher loan costs to customers.

But the banks surveyed by the CBI reported falling costs in the first three months of the year, which helped to boost profitability despite the presence of negative interest rates.

Lenders also voiced concerns about rising competition in the retail banking sector, as a result of a number of new “challenger221; banks entering the British market.

“Retaining and cross-selling to existing customers are expected to be important elements of banks’ growth strategies over the year ahead”, said the CBI/PwC report.

[blusteradjuster] 26/3/2016 13:01

Berenberg issued sell notes on 16/2 and 24/3.

They lifted their target price from 417p to 440p. Doesn't show much conviction.

Single digit P/Es and yields 5+% doesn't sound expensive.

[zho] 25/3/2016 16:07

Disappointment coming for Aviva investors

Insurer Aviva (AV) is an expensive stock and analysts can see ‘disappointments looming’.

Berenberg analyst Trevor Moss retained his ‘sell’ recommendation and target price of 440p on the shares, which fell 3.3% to 457.1p yesterday.

‘Aviva’s reported figures have been heavily flattered in recent years,’ he said. ‘While it is true that restructuring can bring one-off benefits, by definition these eventually run out and should not be included in price/earnings or sustainable return on equity calculation. In our estimations, underlying earnings for Aviva have actually been going backwards. We cannot foresee any significant improvements.’

Moss added that Aviva’s ‘very mature book means it is running fast to stand still’ and he ‘does not buy into the capital return story’.

He said the stock is expensive and also ‘expensive against peers, both UK life companies and European composites’.

‘Even on consensus earnings numbers, the European composites look better value. We continue to see disappointments looming and believe that the downgrade cycle for this stock has only just begun.’

[carbon man] 24/3/2016 17:21

Just an observation. This stock goes xd on 7/4/16 = 14.05p. I am not intending to sell and they remain as a hold/buy even after the dividend is paid.

[dr biotech] 24/3/2016 08:56

Has to be said that the reaction since the very good results has been less than fantastic. I'n not really sure why. Just global concerns I guess.

[nicksoj] 21/3/2016 15:31

The consensus here is 591p. The brokers have no clue. The 52 week high couldn't manage it.A great company with growth and positive yields to come.Long term hold.

[dr biotech] 21/3/2016 14:54

Have been a few broker downgrades since the results. I'm never really sure how many of these just follow the share price and they change their targets to make themselves look less stupid. But as I have mentioned before it's a long term hold for me, I think the overall return with the increasing dividend will be solid enough.

Never really seen the point of the thumbs up or down vote, does anyone actually take any notice of that?

[alphorn] 21/3/2016 10:59

The red thumbs down can be my counterparty. Time will tell. ;)

[dr biotech] 19/3/2016 07:44

What increase is that?.

[alphorn] 18/3/2016 14:10

Small increase in bearish position, share price may plateau for a while?
Remain net long.

[zho] 17/3/2016 12:23

The insurers were relieved at 10% but shouldn’t celebrate too merrily. Insurance premium tax is now a permanently easy source of cash for a chancellor to tap.

[alphorn] 16/3/2016 18:38

Tax increases do not appear too drastic. Relief in the share price

[dr biotech] 15/3/2016 15:36

I think that it may put people off getting say two week travel insurance if the cost goes up from say £80 to £90. Doubt it makes a lot of difference for the compulsory house/car though and it may help those that are not aiming to be the cheapest.

Changes to pensions may be more significant tomorrow, though that may not come about.