km1
25 Feb 2015
Other reasonable Divi payers Hi Guys, I invest for the income and hopefully increasing divis over time.I have held FLG and Aviva for several years and will continue to hold FLG / Av in the hope of the divi increasing (albeit at a lower starting divi initially when FLG combine with Av).I also hold CNA and seen the divi reduced by 30% from last weeks trading announcement. SSE is another of my holdings for the divi, but expect this to change with the election looming and the possibility of Millipeads intervention.Does anyone have any suggestions for good divi paying alternatives to move to. I invest for income and not short term gains.Comments / suggestions would be gratefully received.Thanks & Regards.
Neutron Ronnie
25 Feb 2015
Re: FLG/Aviva deal gets worse by the day This was explained to you in January. You've had the 15% share price premium. Anyone buying now won't get the 15% premium.You only get the 15% once, and those that held the shares at close before the announcement got it, those buying afterwards missed it. You can't get it again so the shares should track each other quite closely. If you're still struggling with the concept, go and read some of the posts immediately after the so-called windfall for VOD shareholders last February.Bring up a chart for FLG and overlay AV. The shares have tracked each other very closely since announcement day.At this stage, for most existing holders, I expect it's a hold while we wait for the special dividend.
Hawkeye4077
24 Feb 2015
FLG/Aviva deal gets worse by the day When Aviva/FLG deal went public after a leak the share exchange was set at 1 FLG to 0.74 Aviva. On 20/11/14 FLG shares were 348p and Aviva were 532p. Today Aviva are 546p and FLG are 417.8p. If you owned 1000 FLG shares on 20/11/14 they were worth £3480 and 740 Aviva shares were worth £3937. A nice little earner of £457 not to mention the £241 special divi. Today the landscape looks very different. 1000 FLG shares are worth £4148 and 740 Aviva shares worth £4040. This represents a potential loss of ~14p/share ameliorated by the 24.1p special dividend. I guess those people still buying FLG see a profit of 10p/share. Trouble is the more people who buy will reduce the differential until the deal is no better than even money or worse. Do we get cheaper car insurance as Aviva shareholders?
II Editor
20 Feb 2015
NEW ARTICLE: The week ahead: Lloyds, HSBC, BHP, Aviva and Premier Oil "In one of the busiest corporate weeks of the year so far, a stream of banks will update the market with fourth-quarter/full-year results. Deutsche Bank expects a season of weak earnings, which is why the broker has cut 2016 profit forecasts by ..."[link]
Medway Man
17 Feb 2015
Re: Medway Man: sell or wait If you go to FLG web site - try clicking the following link, which is the notification as to terms of planned merger including deal struck price of £3.94 per share. [link] will also see the various amounts of divi given, should the deal go through or not.You may also find on the FLG a further announcement of the planned time table including dates of pre-lim results (5/3/15), voting forms received etc (20-24/3/15), Court Hearing and FLG EGM (26/3/15) and assuming deal is to go ahead, last day of dealing in FLG + Divi Record Date etc (9/4/15).
idontwanttolose
17 Feb 2015
Re: Medway Man: sell or wait I have just read a few p[evious posts and can now see how you arrive at the 24.10 so ignore my last post
idontwanttolose
17 Feb 2015
Medway Man: sell or wait I thought that the final divi for FLG was around 14.09 not as you say 24.10
Medway Man
09 Feb 2015
Re: sell or wait I guess you need to decide whether you wan't the 24.10p divi that forms part of the merger deal and the price per share as offered by Aviva or not? .....and whether you want to be an Aviva share holder if merger goes ahead?I did read somewhere that at least our big institutional holders are in favour of deal..........as they see Aviva increasing divis over next two/three accounting years significantly post merger, assuming it goes ahead.I do know Aviva have picked up a lot of new pension buisness as the 'work place pension scheme' requirements are phased in. In fact the company my wife has just joined which is a privately owned start up, they have got Aviva drawing up their company pension scheme at the moment.I made a comment in a previous posting that personally speaking I am not sure 'FLG' could survive as a stand alone company; and if they did survive, whether they could sustain divi's at the rate they were paying them? As much as I have enjoyed having a large divi from them first as Resolution then as FLG, I can't see how they can sustain it?I note that another of the 6 Assurance/Insurance holdings my wife and I own between us in ISA's etc - Legal & General, have just bought a life company for £5 million I think it was to add into their group ............. me thinks that there could be more M&A in the Insurance and Life Assurance sectors over the coming period.
II Editor
09 Feb 2015
NEW ARTICLE: Dogs of the Footsie 2014 trounces FTSE 100 with 13% gain "Money Observer's Dogs of the Footsie, our portfolio of unloved stocks, has now been running for 15 years and is still going strong. Last year, it returned 7.3% in share price terms, rising to 13.2% when dividends are included, compared to 3.7 and ..."[link]
cashpharma
09 Feb 2015
sell or wait I am starting to wonder whether it may be better to sell now, mainly as macroeconomc picture is deteriorating that may push markets down. Ie Greece is about to blow up ( new gov has no intention of doing what germany want), ukraine war escalating, global gdp slowing etc .
Windlesham Don
03 Feb 2015
Re: Dividend Hi k9maggie,Just received the info re divi from HL. They are saying record date of 9th April and payment on 24th April. As this is dependent on the AV deal going through then at this time there will be no FLG shares to quote and so no xdiv date as such. We will just get a divi payment of 24.1p per FLG share whilst holding 0.74 of a FLG share in our new AV holding.Hope this helps.
Medway Man
29 Jan 2015
Re: Purely by chance.......... Rice shoud be pric
Medway Man
29 Jan 2015
Re: Purely by chance.......... Hawkeye.......I find it amazing that you infer i said the rice was fixed......mi did not, i just mrrely pointed out that the price today was exactly 74th higher......... As pervthe deal ratio........... No mention was made that the price was fixed.
Hawkeye4077
29 Jan 2015
Re: Purely by chance.......... Has to be a spooky coincidence that the shares maintain a 74% differential. Nearly 4.5 million FLG shares have been transacted today. I reiterate quote from earlier post, "Based on Aviva’s closing share price on 21 November 2014, the deal would represent an indicative value of approximately 398.9 pence per Friends Life share, representing a premium of 15 per cent. Friends Life share holders will also receive a dividend of 24.1p per share".On 21 Nov 2014 FLG shares closed at 347.7p and Aviva were at a peak of 531p after which they fell and have only just recovered. On 21 Nov '14 my fictitious 1000 shares in FLG were worth £3477 and my 740 in Aviva would be worth £3929 which is the 15% premium. Today my 1000 shares in FLG are worth £4027 and my 740 shares in Aviva would be worth 532p*740 = £3936. The anticipated 15% premium has gone. All we have is the 24.1p special divi which is £241 on my 1000 shares.Small consolation. I can't understand why people are still buying FLG as they have little to gain.Medway Man's inference is that someone is able to fix the respective share prices. I find that hard to believe.
k9maggie
29 Jan 2015
Re: Dividend Ex Div / Record Day on 10th April.are you saying that their is a special arrangement ie that ''ex div and record date'' are both on the same day......normally ''ex div'' is earlier than record date....k9
