The latest Investing Matters Podcast episode with multi-award-winning fund manager and international bestselling author Lee Freeman-Shor has just been released. Listen here.
The SP has performed poorly since the Return of Capital/Share Consolidation not just since the two tranches of share buybacks. Admittedly these are turbulent times,what with Covid,Brexit and Ukraine. But the fact that Cevian bailed out whilst simultaneously singing the praises of the restructured Aviva plc (at last) makes me highly suspicious. The timing seems very odd to me. After all, I wouldn't sell up an investment that had finally turned the corner and had a great future. After all, that is the holy grail of investing. Are Cevian duplicitous or what?
Yeah true oldbut......, but then again the co were buyers at 525+ a few years ago and a fat lot of good that did us! For a CEO who 'blows her own trumpet' stating that she "works at pace", that doesn't seem to be reflected in the Share Price I'm afraid which is moving at a 'snails pace' at best imv. Two years ago, Cevian Capital suggested that in 2 or 3 years time, Aviva ought to be in the region of £8 per share. That feels like 'pie in the sky' at the moment. The way things have stagnated here, I'd be more than happy to see £6 per share one day!
A forward (Well-covered) dividend yield of 8% and growing. Profits up by 35%, solvency 2 cover ratio of c200%, £300,000,000 share buyback in progress,etc etc. Why are we suffering like this. Aviva is not a bank for goodness sake. The market is a nonsense!
Just googled ' Av. Share price ' and was pleasantly surprised to find Aviva plc finished up 0.71pence (after hours). Hoping citibank took advantage of todays market panic on behalf of Aviva's buy-back programme. I live in hope!
With Analysts consensus 12 months forecasts only c7% above the current SP, Have realised a 35% profit by selling my entire holding in Capita and switched the proceeds into Aviva plc. The rationale being that Aviva's results on Thursday should be the catalyst for a quick further 10-20% profit onto the Cpi sale proceeds. The plan then would be to switch it all back to CPI Plc, preferably after they settle back to about 36p/share, although would be happy to return at the price I sold them for.