Friends Share Discussion Threads

[a0148009] 07/4/2015 22:35

I will probably sell my spread bet with IG which I use for trading but will retain the portfolio holdings as over time I expect the enlarged business to perform well with a progressive dividend policy. Enlarged group has market cap of 22 billion plus circa 25th in FTSE100.

AO

[irnbru2] 07/4/2015 19:31

I assume you guys are selling?

[a0148009] 07/4/2015 08:00

Your are right 24.10. Yes you do still get the dividend if you sell on 09/04.

AO

[garycook] 07/4/2015 03:10

AO.Its 24.10. So Ex Divi 09/04 if you sell on 09/04 you still get the Dividend is that correct ?

[a0148009] 06/4/2015 22:46

AV shares ex div 8th April 12.25p FLG ex div 9th April 24.14.

AO

[irnbru2] 31/3/2015 19:32

Ok.

There are some other high yielders out there, but with risk.

FLG has been a dream, never mind.

Direct line is over 8%, so why AV.

[hyden] 31/3/2015 19:27

I currently both FLG and AV. I'm intending to keep the enlarged holding as the forecast dividend is quite decent and that's important to me.

[irnbru2] 31/3/2015 19:07

Anyone keeping their Aviva shares, or are people bailing.

[a0148009] 05/3/2015 08:36

14.14p final plus 10p special dividend record date 6.00pm on 9th April, suspension of listing 7.30am 10th April, dealing in new shares 13th April. This is the indicated timetable which may be varied but very unlikely as agreed bid.

AO

[skinny] 05/3/2015 07:06

Results for the year ended 31 December 2014
Strong cash performance
· Sustainable free surplus £373 million, up 15% (2013: £325 million) and marginally ahead of guidance

· Continued strong performance in Corporate Benefits, positive net fund flows of £0.6 billion, taking assets under administration to £22.0 billion; significant improvement in underlying free surplus, up to £29 million (2013: £11 million)

· IFRS based operating profit before tax of £556 million, up 38% (2013: £402 million)

· MCEV operating profit before tax of £498 million, down 7% (2013: £535 million); mainly due to reduction in VNB

· Value of new business down £47 million to £132 million (including £32 million reduction in Retirement Income VNB) as predicted trends continue

Capital position robust
· Available shareholder assets £1,066 million

· IGCA(i) surplus £2.3 billion, coverage ratio 240%

· Economic capital surplus(i) £3.7 billion, coverage ratio 196%

· Full year dividend of 31.15 pence per share subject to completion of the Proposed Acquisition by Aviva plc (2013: 21.14 pence per share)(ii)

Business highlights
· Successful reallocation of £760 million of annuities from with-profits funds, resulting in a sustainable free surplus ("SFS") benefit of circa £7 million per annum from 2015

· Recapture of £1.6 billion of assets backing annuities in November, resulting in a SFS benefit of circa £13 million per annum from 2015

· Further reallocation of £665 million of annuities completed in the first quarter of 2015 resulting in a SFS benefit of circa £5 million per annum from 2015

· Friends Life has responded strongly to the legislative and regulatory changes to pensions and workplace savings:

· New individual customer platform My Savings on track to be launched in April 2015

· Developed a range of products and services to meet new regulatory requirements, including an income tool, investment risk appetite assessments, retirement planning and tax information and tools

· Invested in the creation of a Retirement Information Centre

· Annuity sales down only 15%, outperforming the market which is down 38%(iii)

· Efficient cost management, with operating expenses down a further 2% to £549 million

· Auto-enrolment activity, which peaked in the first half of 2014, has enrolled 957 schemes this year, contributing to a net increase in members of 169,000 in 2014

· Following the re-platforming of the new business, the International division is on track for re-platforming in-force business during 2015

· Successful sale of Lombard for £316 million, completed in October 2014


Proposed Acquisition of Friends Life Group Limited by Aviva plc
· All share acquisition:

· 0.74 new Aviva shares for each Friends Life Group share

· The proposed second interim dividend includes a 10 pence per share enhancement to the 2013 final dividend

· Value share(iv) will be settled

· Accelerates Friends Life's existing strategy, creating the UK's leading insurance, savings and asset management business:

· Creates the UK's largest back book(v) with the potential to release substantial capital synergies

· Leading market positions in corporate pensions and protection; and one in four retiring defined contribution pension customers(vi)

· Proven track record in the successful integration and delivery of cost savings

· Court and shareholder general meeting to be held on 26 March, completion expected in the second quarter of 2015

[billy5] 04/3/2015 08:48

Have not been back to these for some time, sorry to be a pain but could somebody please give me the up to date situation re divi which last year was 14.09 on 2/4.
Can't see any announcement as yet.

Thanks.

[marmar80] 02/3/2015 09:17

Hey Friends, off topic, have a look at Oxus Gold share. OXS is awaiting arbitration result (expected any day). Huge possible returns (up to 50x), but very high risk. They have approx. 70% chance to win. No advice, dyor.

[a0148009] 12/2/2015 18:30

Picked this post up off the AV. bulletin board.


Motley Fool article on Aviva.



AO

[irnbru2] 10/2/2015 18:46

Cheers m8, me too.

If you see something, flag it up.

[lord gnome] 10/2/2015 08:14

I'm planning to stay - unless something compelling comes along in the interim.

[irnbru2] 09/2/2015 21:21

What's happening guys.

Do we stay for the final divi.

[irnbru2] 23/1/2015 21:41

Am starting to get the impression, people don't want Aviva share.

It's a good wee divi.

[lord gnome] 22/1/2015 18:53

With AV at 538 and that 24p divi to come, I reckon current fair value is approx. 422. The chart to watch from here onwards in the AV. chart. AV is back at recent highs, so have we seen another top of the trading range or will we see a breakout? I fear the former, in which case PHILO and Skinny have done the right thing. I hope for the latter, however, in which case I will continue to hold until at least Monday to see which way things go.

[skinny] 22/1/2015 13:44

Just sold @405p - good luck to other holders.

[philo124] 21/1/2015 15:53

Sold. GLA.

[a0148009] 21/1/2015 09:01

No - you will receive a SECOND interim dividend of 24.1 (which is effectively the final plus an additional 10p sweetener) if you are still registered - you have already received the usual interim of 7.05 - total for the year of 31.14.
edit which is equivalent to 406 based on 520p Aviva price.

AO

[garycook] 21/1/2015 01:47

Having just read the Prospectus on the AV/FLG Merger.Am I correct in saying that FLG shareholders will receive a Dividend of 31.14 if you are still registered on the Record date.

[killieboy] 20/1/2015 19:00

Who is "JeffCranbounre" or "Justin" (see above) and what is his role on ADVFN?

[jeffcranbounre] 20/1/2015 18:09

Friends Life is featured in today's ADVFN podcast.

To listen to the podcast click here>

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Afren #AFR
Sky #SKY
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WS Atkins #ATK
Aggreko #AGK
Victoria Oil & Gas #VOG
Petrofac #PFC
NAHL #NAHL
Rio Tinto #RIO
IG Group #IGG
Unilever #ULVR
Aviva #AV.
Friends Life #FLG
William Hill #WMH
Stock Spirits Group #STCK
Centaur Media #CAU
TSB Banking #TSB
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[cc2014] 20/1/2015 13:10

Very sad to sell half of these today as this share was my best performer of last year.

Mixed feelings - I'll keep the rest a bit longer and see what happens. If FTSE/AV. gets bashed about I'm happy to buy back lower.