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Aviva No.4 in Top Twenty Fallers: one of three Insurance shares in the list, so we 're not on our own
I think the new trading range for Aviva SP going to be 400- 410 until news of how excess capital is to be returned to shareholders!
Might be something to do with Vanguard's new pension plan launch
Aviva downgraded as UBS sees hard work starting now. Aviva is better placed than rival L&G, which UBS rates as a sell.
All of the good news is in the price for Aviva or for now at least says UBS, which has downgraded to hold from buy even though its target price rises. Restructuring following the sales of its overseas businesses is now in the price, says the Swiss broker, and the focus now switches to operational improvements. To achieve that will require a shift in business mix, in UBS’s view, which will take time to deliver with untested complexities and investment/M&A needed. Aviva, however, is better placed than rival L&G PLC(LON:LGEN), which UBS rates as a sell.
Targets are 420p for Aviva and 240p for L&G compared to market prices today of 407.6p and 278.8p respectively
UBS's "Buy" rating was 17 months ago since which time the World has changed just a smidgen.
Aviva has been rated a "buy" in 7 of the last 10 ratings since September 2020 with Target Prices ranging from 375 to 478.
Makes one dubious about listening to any of them
400 getting to close for comfort!
If it drops below 400 then I shall buy some more !!
I didn't think we would see a drop below 4.00, which is surprising now that we have
Well my earlier opinion that the new trading range for SP was 400 - 410 has been shot down in flames big style! Should have kept my mouth shut!
Confucius he say "man who open mouth usually puts foot in it"
Hope it stays under 4 quid until l get the dividend reinvested
Business as usual; Dow tumbles and FTSE follows!
Why the drop this morning?
Because the market thinks this share is a dog, in view of historical performance by previous CEO's and apparent lack of direction vis a vis growing the business rather than just selling off the family silver to make the BS look pretty.
These are a lot more likely to head back to the mid threes unless management comes out very quickly with a roadmap for getting cash back to the long suffering shareholders of this utter pile of **** of a share, 8 quid in about 2005/06 to under 4 now, capital destruction on ftse 100 pre and post brexit par excellence. Stick to buying US growth, U.K. and europe going nowhere since 2009, pitiful.
You knew what the strategy was to sell off the overseas parts of the business. Why didn’t you take advantage of the rise over 400 to sell if you think this is a dog.
I’m well in profit and will continue to hold for the dividend and for whatever they decide to do with the sales funds. I’m not going to p*ss my pants like some when it decides to go on a downward spike...it’s what shares do.
Read the comment properly. I said the market thinks this is a dog in answer to someone asking why the drop.
Funny how some people ask why the sp has gone down then start moaning and calling it a dog, LOL.
THE WHOLE STOCK MARKET HAS DROPPED... its what it does ahhhhhhhrrrrrrrssssholllssssssss
You turn up on share price drops ,talk utter rubbish and never support with any evidence. You really are as easy to read as a one page pamphlet lol.
Nothing wrong with a little wobble as long as she reaches firmer ground. I topped up again yesterday @396.6.
7 people have commented upon "Wobbling again"
Who is "you" please?
Morning Warthog the reference was to Porsche.
Wobbled up about 150p a share in the last 6 months and 21p in divi. Keep on wobbling
"Wobbled up about 150p a share in the last 6 months...."
having previously wobbled down by 200p in 1 month!!!