Aviva Share Discussion Threads

[essentialinvestor] 23/10/2018 15:04

Trouble is though, this is still a wider bull market.
It is tempting, and was bought back from morning lows, as was Pru.

[lauders] 23/10/2018 13:36

I also hold PHNX! Not having a good time at the moment. The sector is "weak" to say the least. Good yields on offer though.

[stewart64] 23/10/2018 10:37

I guess this is on quite a few watch lists, but once you get a falling knife like this you may as well wait for a definitive recovery. I doubt it will suddenly shoot up 10% in one day.

These sort of valuations are only usually reserved for badly capitalised balance sheets or a product whose day is up. Unlikely with boomers awash with savings. Fwd price to earnings of around seven and a dividend of 7% covered twice, plus a book price of 80%. Not sure if we have ever had a major cap in such rude health in recent years so marked down.

Time will tell whether this is a major Market pricing error, akin to the misalignment of Bonds in the late 80s when yields were at 12% and which subsequently tripled not including income, or genuine reasons for concern over Brexit and the possibility of life under McDonnell. (plus new entrants to the investment and insurance markets)

[badtime] 23/10/2018 10:02

Considering a nibble

[uppompeii] 23/10/2018 09:17

It's not been a star performer for sure!

[pete160] 23/10/2018 07:09

All political parties have realised that there is a limit to how much they can tax voters income (particularly relative to the tax it raises).They have now switched focus to shaving capital. The it tends to affect fewer voters and potentially raises significantly more tax.Therefore capital gains tax, pensions relief, development land tax, etc are flavour of the month.However, the at a point more and more people will just stop saving.Pensions are supposed to be a future pot for the contributor to do into, not the Govt.

[alphorn] 22/10/2018 23:01

So why is a 'safe' business being marked down?
Brexit of course for a domestic but perhaps something in the budget?

[pete160] 22/10/2018 22:55

Splitting an investment between av. and vod, I reckon you'd average 7%+ and also have a reasonable 'guarantee' (do they exist in the stock market?)You'd also have 2 fairly diversified businesses both geographically but also generationally (av. better for savings and pensioners, and whilst vod more in tune with youngsters on mobile and data). Happy retirement!

[dr biotech] 22/10/2018 22:47

I reckon the total div for the year will be closer to 30p - yield of over 7%. Recent announcement is trading is inline with forecast etc.

I could retire if I can get a guaranteed 7% on my investments. This is now my largest holding, have to hope the CEO and brexit situations are resolved positively, whatever that may be..

[alphorn] 22/10/2018 22:25

Yield tonight per HL 6.52%.

Writing a 420p put gives 8-9% pa. yield.

May be the budget is going to hit the insurance industry???

[alphorn] 22/10/2018 15:16

Very tempted at this level but will wait a day or so until the TM situation is clearer.

[marksp2011] 21/10/2018 10:23

LGEN and PRU are being hit too
In fact all the financials and all the fund managers

It is counterintuitive as rising rates will help the banks and insurers

market falls hurt the fundmanagers as the AUM on which they charge will fall.

There are a number of irrational falls at the moment

[danielbird193] 19/10/2018 18:49

Very useful intel, thanks. Always frustrating when a top 10 holding plummets like this but I think the underlying business is sound, I'll be holding on and may consider topping up.

[essentialinvestor] 19/10/2018 17:30

CC, thanks for the information.

[cc2014] 19/10/2018 16:56

Multiple sellers on L2. Seemingly a fairly aggressive sell program and another party who kept taking out swathes of the bid to sell their shares.

I am struggling to understand why the selling is so aggressive. I can see it on Lloyds too but the market is absorbing a large proportion of it there. I can't see it on RBS.

I am beginning to wonder if there is a large player in trouble this week. The selling on INTU has been quite bizarre too. Like someone wants to sell at almost any price which is odd with a bid proposal around. They would get a much better price by being a little patient.

We will probably never know what's going on. If the seller stops on Monday it should bounce fast to at least something higher than where we are.

[tfergi] 19/10/2018 16:47

Not a million miles away from a 5 year low !?!? WTF

[whatsup32] 19/10/2018 15:45

Boy are we getting shafted. 478 to 418 in a month. Down 15% or .60p in old money.
Sod it

[cc2014] 19/10/2018 12:50

Christmas in two months time. Surely it won't be down here by then?

[essentialinvestor] 19/10/2018 12:44

Skinny, are you seeing under £4, or too in learning to say? Thanks.