monabri wrote: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).
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monabri wrote:For a perspective, Aviva's debt level has been £10bn (plus or minus £1bn) since 2015.
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
idpickering wrote:Aviva approves sale of its French BusinessAviva'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/
Dod101 wrote: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 wrote:Dod101 wrote: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???????
Aviva plc ("Aviva") has reached a significant milestone in the execution of strategy, with the agreement to sell its entire shareholding in Aviva Poland1 to Allianz for a cash consideration of €2.5 billion, valuing the acquired business2 at €2.7 billion. Aviva will now focus on its strongest businesses in the UK, Ireland and Canada where it has leading market positions and strong growth potential. The divestment of Aviva Poland is the eighth transaction Aviva has announced in the past eight months, and this successfully concludes the planned refocus of the Group's portfolio.
Key highlights:
· Realises significant value for shareholders: all cash consideration at 16.9x IFRS profit after tax3, 5.7x IFRS net asset value3 and 2.3x Solvency II Own Funds3
· Significantly improves Aviva's financial strength with an increase in excess capital3,4 of £1.5 billion and Solvency II cover ratio3,4,5 by c. 13 percentage points
· Uplift in IFRS net asset value3,4 of £1.8 billion, representing a 46 pence per share increase from 31 December 2020 IFRS net asset value per share of 493 pence
GoSeigen wrote:Very odd wording here:
in due course we will make a substantial return of capital to shareholders.
Hopefully any buyback is done at a much higher share price than today...
GS
dealtn wrote:GoSeigen wrote:Very odd wording here:
in due course we will make a substantial return of capital to shareholders.
Hopefully any buyback is done at a much higher share price than today...
GS
To coin a phrase, very odd wording here. I would much rather a company I own performs a share buyback with a lower price. I would also prefer any company I own to deliver shareholders a higher price. But they are different things.
GoSeigen wrote:dealtn wrote:GoSeigen wrote:Very odd wording here:
in due course we will make a substantial return of capital to shareholders.
Hopefully any buyback is done at a much higher share price than today...
GS
To coin a phrase, very odd wording here. I would much rather a company I own performs a share buyback with a lower price. I would also prefer any company I own to deliver shareholders a higher price. But they are different things.
I don't see that they're different. As a shareholder I want to acquire shares at a low price, and have them bought off me at a high price. Struggling to see what is strange about that.
As a preference shareholder I'd not be so pleased, but they (pref holders) have already made clear they don't want their capital returned so I guess they will need to accept whatever scraps are thrown to them by way of a dividend... and at 6 yield they need 14 years of payments to get their money back.
GS
dealtn wrote:GoSeigen wrote:dealtn wrote:
To coin a phrase, very odd wording here. I would much rather a company I own performs a share buyback with a lower price. I would also prefer any company I own to deliver shareholders a higher price. But they are different things.
I don't see that they're different. As a shareholder I want to acquire shares at a low price, and have them bought off me at a high price. Struggling to see what is strange about that.
As a preference shareholder I'd not be so pleased, but they (pref holders) have already made clear they don't want their capital returned so I guess they will need to accept whatever scraps are thrown to them by way of a dividend... and at 6 yield they need 14 years of payments to get their money back.
GS
As a shareholder they are spending my money, so I much prefer them to be buying at a lower price.
As a shareholder I want to be buying low and "having them bought off me at a high price" too. Who is buying them from me, in the secondary market is irrelevant.
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