EssentialInvestor
27 Dec 2017
Re: FTSE near record highs, But Hi Bill and seansons greetings.TATE is my UKX value play for 2018, Headlam in smaller companies.OXIG as a more speculative value play, small position only on that.
Bill1703
21 Dec 2017
Re: FTSE near record highs, But "If markets were to sell off next year, it's difficult not to see lower levelsfor Aviva... Just my take only, would be interested in any other views..."Essential - Yes, as with most financial stocks - and particularly those with significant fund management operations - Aviva will be relatively highly correlated with the overall index.But it remains a pretty big 'If' for me... people seem to worry about the absolute index level, which of course goes up over time, yet overall valuations for the UK market remain broadly in line with long-term average sustainable levels on most metrics, and outright "cheap" on some (eg. dividend yield). And it is a similar story with quite a few other major markets (eg. Continental Europe, Japan).Moreover, relative equity valuations look outstandingly "cheap" against most other major asset classes (eg. bonds, cash... even property), based on historical levels... albeit we live in relatively strange times and 'normalisation' may be some way off still.So when people say "equity markets are looking expensive" - and you hear it a lot - it doesn't really bear out. What they really mean (whether they know it or not!) is "the US market is looking expensive" - which it is, although less so than it seems prima facie, if you adjust for the extraordinary phenomenon (and phenomenal ratings) of the Apples, Amazons and Facebooks, for which there is little corresponding comparison in recent history and which now make up a very significant chunk of the US indices.Yes, "corrections" are a periodic fact of market life and there will undoubtedly be another one along sooner or later - only a fool can say it definitely won't be next year. And if a broader equity correction is triggered by a major sell-off in the US - the most likely epicentre - then few markets will escape the shock waves, at least initially. But all the evidence tells me that if we do get a sell-off, the best advice as to what to do is the usual advice - buy it, and buy it big! And Aviva will likely be as good a stock as any to buy big, given that key valuation metrics (prospective yield above 5%, P/E below 10x) are already notably undemanding at £5, "stuck" or not...
EssentialInvestor
21 Dec 2017
FTSE near record highs, But AV. stuck around £5.If markets were to sell off next year, it's difficult not to see lower levelsfor Aviva.Just my take only, would be interested in any other views..
JontyM
18 Dec 2017
Re: workplace pensions In fairness Keith the charges tend to be very low for AE schemes (typically around 0.5% pa) and when you couple this with small average pot sizes isn’t really the recipe for easy profits.With regard my public sector remark, it really does just boil down to the huge difference between a defined benefit and AE scheme. The biggest clue as to the expense and quality of final salary schemes is the fact that so few (if any) private sector companies now offer them to new employees.
Kool Keith
18 Dec 2017
Re: workplace pensions Thanks for the reply Jonty.Personally I agree you need to save for your retirement as early as possible I started at 17 in the hope of retiring when I'm 50 haha I was 17 at the time I don't think workplace pensions are that good due to the charges (could be wrong) but on that note good for those that provide the service, hence my question for Aviva.Finding a good, well paid job in the public sector sounds a good plan but then no job is safe, unless going to be a Dentist or Doctor..but a decade of studying takes the shine off and for those not wanting to go to Uni.....
JontyM
18 Dec 2017
Re: workplace pensions Aviva do offer AE pensions, but from what I've seen they don't seem to be that commonly used. In a way I'm not too sure how profitable AE pensions will become due to the low average pot sizes, but only time will tell.With regard to workplace pensions in general, it probably makes sense to start saving as early as possible, because it has become hideously expensive to buy an inflation linked annuity at retirement. I work within the financial services industry and my answer to anyone wondering how best to achieve a secure future retirement is quite simple....................get a job in the public sector. I have two teenage daughters and despite my valiant attempts I don't think they quite grasp the huge difference between a defined benefit and money purchase pension. To be fair to them its not exactly sexy, but a day will come when it all becomes much more relevant.
Kool Keith
18 Dec 2017
workplace pensions Hi, does anyone know how big a player Aviva is in offering the workplace pension to companies?With the minimum automatic enrollment being reduced to 18yrs, they should benefit just by how much is the question I guess I'm trying to ask!
Radaking
18 Dec 2017
Re: Aviva faces huge losses over 'golden tic... This story has been around for a long time and does the rounds every few years on this board.How true it is,unsure,but if true how come he hasn`t taken anything from av.?Maybe he might come unstuck with an avalanche and besides once we Brexit tell him to hop it!
idontwanttolose
17 Dec 2017
Aviva faces huge losses over 'golden ticket' deals I wonder if it is true????????Insurance giant Aviva is facing open-ended losses that may in theory run to billions of pounds thanks to a bizarre investment product sold in the pre-internet 1980s that lets its owners profit from moves in financial markets after they have happened.It is pitting the FTSE 100 firm against a 28-year-old Frenchman, Max-Herve George, who lives in the Swiss ski resort of Gstaad.He says Aviva – which looks after pensions for millions of Britons and has many UK private investors – could owe him more than a billion euros over his lifetime.To read the rest follow the link below[link]
Radaking
14 Dec 2017
Re: 2% monthly fluctuation Shabby 2 sox "perrenial disappointment" lol,I can think of other words to describe av but iii would not let me post them..However in all the 15 years I have been in and out of this stock,it has always provided me with general income (mostly divs). In that time my investing money has gone nearly 20 fold up,so cannot be to negative..............roll on 8th March,should see the div increase around 10% and maybe we can break and stay above £5.50
EssentialInvestor
13 Dec 2017
SP Massively underperforming The wider sector atm imv.
shabby 2 sox
13 Dec 2017
2% monthly fluctuation Apart from Brexit concerns why would AV share price fluctuate three times by up to 2% in a month? It now seems to be heading for the bottom of the dip at around 490p - 500pI have added recently on consensus that AV is now a buy; hold mainly for the dividend but expect some capital growth but on the latter AV is a perrenial disappointment.
Greyinvestor
06 Dec 2017
Half year EPS Half year EPS was about 25p, I believe, depending on how you look at it, so 50p plus at the full year seems reasonable to me....
Greyinvestor
06 Dec 2017
Re: Overvalued? Forecast EPS is 52p. So forward P/E below 10.........Remember that there has been a large amount of 'sorting out' going on, which has distorted numbers to such an extent that history is almost meaningless.
EssentialInvestor
06 Dec 2017
Re: Overvalued? PE is not the usual valuation metric for this sector.
