Aviva (AV.)

[monabri]

For a perspective, Aviva's debt level has been £10bn (plus or minus £1bn) since 2015.

I make it ~£935m cash which is more than a full years dividend.

£0.21 x 3950 million shares = £830m (approx).

[idpickering]

Provisional 2021 Financial Calendar

https://www.investegate.co.uk/aviva-plc ... 37168561I/

[idpickering]

Aviva approves sale of its French Business

Aviva's strategic transformation to focus on its strongest businesses in the UK, Ireland and Canada has taken a major step forward with the sale1 of Aviva France to Aéma Groupe for €3.2bn2 in cash.

Key highlights:

· Significantly strengthens Aviva's capital and liquidity with an increase in excess capital3 of c. £2.1bn and centre cash3 of c. £2.8bn

· Realises significant value for shareholders: all cash consideration at 0.8x Solvency II own funds4

· Provides security to employees and continuity of service to customers under new ownership

https://www.investegate.co.uk/aviva-plc ... 00030165Q/

[scrumpyjack]

Aviva approves sale of its French Business

Aviva's strategic transformation to focus on its strongest businesses in the UK, Ireland and Canada has taken a major step forward with the sale1 of Aviva France to Aéma Groupe for €3.2bn2 in cash.

Key highlights:

· Significantly strengthens Aviva's capital and liquidity with an increase in excess capital3 of c. £2.1bn and centre cash3 of c. £2.8bn

· Realises significant value for shareholders: all cash consideration at 0.8x Solvency II own funds4

· Provides security to employees and continuity of service to customers under new ownership

https://www.investegate.co.uk/aviva-plc ... 00030165Q/

Looks good for Aviva, but I see they haven't completely got rid of Herve's 'golden ticket'
'As part of the transaction with Aéma Groupe, Aviva has agreed to customary warranties and indemnities. This includes a specific indemnity agreement in respect of the 'known price' contracts, written by Abeille Vie between 1989 and 1997, that would share the risk in the unlikely scenarios of certain costs in respect of these contracts rising above Aviva France's already appropriate existing provisions. This will have a negligible impact on Aviva's solvency position.'

[Dod101]

The new CEO has done the easy bit. All she needs to do now is decide where what is left of Aviva is going.

Dod

[Arborbridge]

The new CEO has done the easy bit. All she needs to do now is decide where what is left of Aviva is going.

Dod

And what will happen to Willy Wonka and his Golden Ticket???????

[monabri]

https://www.investegate.co.uk/aviva-plc ... 00041076Q/
Aviva announces exit from Turkey


"Aviva plc ("Aviva") has agreed to sell its entire 40% shareholding in its joint venture in Turkey, AvivaSA Emeklilik ve Hayat AS ("Aviva SA"), to Ageas Insurance International N.V. for a cash consideration of £122 million."

[scrumpyjack]

The new CEO has done the easy bit. All she needs to do now is decide where what is left of Aviva is going.

Dod

And what will happen to Willy Wonka and his Golden Ticket???????

See my post 2 before yours. They share the liability with the purchaser if it exceeds the existing provision

[Bouleversee]

Tempus in The Times today recommended Aviva as an obvious buy which sent the s.p. down a bit further rather than up. I have to say they have done nothing for me since I bought, still showing a loss, and I can't say I feel particularly inclined to top up, although according to Tempus "they trade at just 7 times Panmure Gordon's forecast earnings and the dividend yields 6 %, so perhaps I should.

[Arborbridge]

Aviva is a strange semi-aquatic animal which spends most its time underwater - despite my having topped up at various prices since 2007. Even on a XIRR basis, it has only returned 0.98% since then. Not a brillliant success - I'm still waiting for the value to "out" which Pyad saw all those years ago.

Over the years, various people - Luni and Dod, I remember - have pointed out that Aviva is a serial loser for its shareholders, and they have been proved correct.

Pitiful, but not an almost complete loss like some have been.


Arb.

[Bouleversee]

Thanks, Arb. It's all a bit pie in the sky. I'll continue to hold in the hope that it does buck up and if that forecast earnings figure turns out to be correct, it's hard to beat that return but I hope it won't be coming out of my capital.