I declared my new FTSE 100 corporate crush a month or so ago here and Amanda Blanc, the newish CEO of insurance giant Aviva (AV.), is starting to deliver. Yesterday's announcement was that the company has sold its majority shareholding in its Singapore business to a strong sounding consortium for a cool £1.6 billion, which is not too shabby for a middling at best geographic division for a company with a market cap of £11.6 billion. Go that simplification plan!
Hello Share Snafflers. In times of crisis, I like to favour insurance companies. They usually have big reserves and the wave of uncertainty that accompanies disasters means more people buy policies, for which they’re prepared to pay higher prices...
Forget reading the multi-part regulatory news disclosures from insurance behemoth Aviva (AV.) today, just click on the webcast re-run and listen to the first fifteen or twenty minutes presentation by the company's new CEO Amanda Blanc. It has been a long time since I was so impressed by the initial clarity of expression in a large cap corporate turnaround plan...
Hello, Share Shakers. Though I’ve written recently on how insurance companies may weather the virus crisis, I’ve not before specifically noted shares in Aviva (AV.). I hold some big insurance shares, but not in this jumbo even though I consider it to be one of the best...
If you want to periodically (or even frequently) look like a fool...then I would heartily suggest you engage with the financial markets. As I have discussed on these pages before, a really good batting record is getting seven out of ten calls correct...with the other three losers being curtailed before they get anywhere near joining the fifty percent or worse down club. Anyone who claims a record better than this should either be on the front page of Businessweek or is the next Bernie Madoff.
Back in August I observed that buying Aviva (AV.) shares was 'so much better than buying FTSE-100 units'. If you run some analysis over the last three months or so, then this has certainly been achieved, with the FTSE-100 up a couple of percent but Aviva shares up a little more than 10%.
Akin to the complete geek I am, I had an answer when recently asked the question which sector was the most difficult to analytically appraise. Forget technology or even biotechnology, my pick would be insurance because unlike the other two areas - which overtly often require specific knowledge - it can sucker you into thinking you have it cracked only to bite you where it hurts in ways and means you barely understand. So onto Aviva (AV.) whose full year numbers came out earlier today – and which has been in the news over recent months for being naughty boys by trying to undertake a compulsory purchase of some of its expensive preference shares…
Hello Share Swirlers. You may already know that I’m a supporter of big insurance groups. My Legal & General (LGEN) investment has risen by 210%, though it's taken five years or so to achieve it. My RSA investment has not been so successful, but it’s still a better performer than most in my bag.
Hello Share Swipers. Quite a few insurance policies of mine have been taken over by one firm which seems to flood the market these days. I refer to Aviva (AV.), a firm which knows a lot about generating cash.
Hello Share Spoolers. I've said a few times before that I feel confident investing in British insurers. As financial ventures they are in prime position to benefit from the long, slow rally from the credit crunch of 2008.
Early August: whilst most think about upcoming or just passed holidays, the last couple of Ashes tests or – for the real geeks amongst you – the finer points of the Bank of England’s big data dump, my mind muses about the 2015 tips I published at the turn of the year. Amusingly enough – as often these things fall – both my main tips reported yesterday: Aviva (AV/) and Randgold Resources (RRS). I will come back on the world’s leading larger cap gold miner later after their conference call but first…the dull world of insurance.
Hopefully I don’t need to elaborate on the observation that the global economy has a few problems otherwise at this stage of the economic ‘rebound’ from the dark days of 2007-9 interest rates would be going up. This warped environment favours a different sort of share and – sorry to say for any current employees who will be impacted – but Aviva’s (AV.) cost cutting heavy takeover of Friends Life (FLG) is just the sort of story that has a strong chance of working next year.
There are not many more trading days left in 2014 so inevitably thoughts turn to 2015. I don’t need to elaborate on the observation that the global economy has a few problems otherwise at this stage of the economic ‘rebound’ from the dark days of 2007-9 interest rates would be going up. This warped environment favours a different sort of share and – sorry to say for any current employees who will be impacted – but Aviva's (AV.) cost cutting heavy takeover of Friends Life(FLG) is just the sort of story that has a strong chance of working next year.
The sheer scale of the proposed merger of Aviva (AV.) and Friends Live is a wonder to behold. It reminds us of the extraordinary degree of consolidation that has taken place in the life assurance industry over the last few decades.
Search ShareProphets |
Recent Comments |