I hold these stock.

DYOH (do your own homework.)

To-day there was a slight drop in price, but number of analysts are giving favourable reports.

What triggered my interest was better than expected results and if I am right looking at charts it shows an inverted head and shoulders. Hopefully a good sign. Also the current rate of Share price growth is about 90% pa over the last 5weeks. This is unlikely to continue indefinitely but SP could hit 850p over next few weeks.

To-day at close, there were some large buys of about 5million shares. 40million approx.

Another trigger for me was the following which should increase earnings.

Aviva to form JV in Taiwan with First FinancialAFX
LONDON (Thomson Financial) - Aviva PLC, the UK's largest insurer, said it has entered into a joint venture with First Financial Holding Co Ltd to sell insurance and pension products in Taiwan. The joint venture company, First-Aviva, will distribute long-term savings and pension products in Taiwan through an exclusive agreement with First Financial's flagship unit, First Commercial Bank. Aviva, which will have a 49 pct stake in the joint venture, added that the initial paid up capital of the new company will be 34 mln stg.First Commercial Bank is Taiwan's second largest bank network, with five mln retail customers, it added.TFN.newsdesk@thomson.comkkb/faj/slm




Date: Wednesday 25 Apr 2007
LONDON (ShareCast) - If the message gets home that Aviva will not bid for Prudential, the stock should rebound strongly, especially if Aviva can sustain its current impressive performance. There is still work to be done but, at 794.5p, the shares are a strong buy says the Independent.
Date: Tuesday 24 Apr 2007
LONDON (ShareCast) - Aviva stood out among the risers on a tough day for blue chip stocks. The life insurer posted an upbeat first quarter statement with brokers pleased with the numbers.



DYOH

From HL - Aviva plc

Panmure Gordon note:
"Aviva “open to bids for parts of its business” shocker!
Newspaper reports this morning suggest that CEO Andrew Moss has indicated that Aviva is open to offers for its US business. In our view, the US operation has effectively been on the stocks for over 2 years, but that Aviva would not consider letting it go for an indicated 50% discount to the price that it paid for it in 2006. Whilst there may be a strong rationale for such am sale including the consequent capital boost, Solvency II concerns and the European strategic focus, we do not think that current prices for US life businesses (c0.9x US GAAP book value) make a disposal sensible at the current time. Whilst obviously Aviva would consider any serious offer for any part of the business, in our view a suitable offer is unlikely in the shortmedium term.
Storm in a tea cup – Newspaper reports (FT, Times) this morning suggest that CEO Andrew Moss has indicated at an investor conference that Aviva is open to offers US business. This is not new news. Apart from any PLC being open to offers for any part of its business, Aviva indicated a couple of years ago that whilst the US did form part of its 12 operation new strategy, it would like to exit the US if a suitable price could be achieved. At the time we took that to be at a price close to what it paid for the business in 2006 (c£2bn). We are unsure as to where the indicated value of the US business at c£1bn has come from but do not think that Aviva would sell it for that amount.
Benefits if it did? – Putting the issue of price aside for one moment we believe that a disposal of the US operation would be a positive move for Aviva as it would boost its capital position, which was knocked in 2011 by a series of (largely market related) events. In addition it would remove the uncertainty created by the Solvency II issue over US equivalence which has led Pru to suggest that it might redomicile its HQ to Hong Kong if it is not satisfactorily resolved. Lastly a sale of the US operation would enable a greater focus on its core European market.
Investment view – We believe that the shares might rally slightly on today’s news but fall back when it becomes clear that Aviva won’t “give the business away”. That said, the shares are trading at a very low valuation whilst delivering a massive 8.6% dividend yield based on our 2012F which we believe is both sustainable and growing. On other valuation metrics the shares look equally compelling trading at a 43% disc to EV, 0.9x IFRS NTAV, and an EEV Operating P/E of 4.5x or 5.4x on an IFRS basis. These multiples are at a considerable and too great a discount to its peer group. Buy."

Insurance giant Aviva is slightly softer after announcing the departure of three directors from the group executive committee. The trio - Igal Mayer (CEO of Aviva Europe), Richard Hoskins (CEO of Aviva North America) and Alain Dromer (CEO of Aviva Investors) - are all heading for the exit after the group announced plans to reorganise into just two market groups: Developed Markets and Higher Growth Markets. While those three collect their coats, David Barral, the Chief Executive Officer (CEO) of UK & Ireland (UK&I) Life Insurance

http://uk.finance.yahoo.com/news/fresh-aviva-board-shake-puts-104007386.html

DC - and the rest of the paragraph.....?

Insurance (Euronext: SIN.NX - news) giant Aviva (LSE: AV.L - news) is slightly softer after announcing the departure of three directors from the group executive committee. The trio - Igal Mayer (CEO of Aviva Europe), Richard Hoskins (CEO of Aviva North America) and Alain Dromer (CEO of Aviva Investors) - are all heading for the exit after the group announced plans to reorganise into just two market groups: Developed Markets and Higher Growth Markets. While those three collect their coats, David Barral, the Chief Executive Officer (CEO) of UK & Ireland (UK&I) Life Insurance (Other OTC: LINS.PK - news) , David McMillan, the CEO of UK&I General Insurance and Philippe Maso, CEO of France, will all join the group executive committee, and will report directly to group CEO Andrew


Sorry about that, a smack on the wrist.

:-)

RNS Number : 2958C

Aviva PLC

30 April 2012

30 April 2012

SHAREHOLDER CONSULTATION ON REMUNERATION

In recent discussions with our shareholders following the publication of Aviva's remuneration report on 21 March 2012, a number of them have voiced concerns about some elements of the report.

These concerns have mainly centred on how we structure the compensation paid when we recruit executive directors and whether overall levels of remuneration, driven by the operating performance in 2011, appropriately reflect changes in shareholder value through the year.

The Remuneration Committee believed that the proposed levels of remuneration were appropriate reward for Aviva's operating performance and strategic progress in 2011, as well as for attracting and retaining key executive directors, and accordingly were in shareholders' long term interests.

However reflecting on shareholder feedback, the Remuneration Committee has agreed to review how Aviva will compensate future joining executives for the loss of entitlement from their previous role. In addition, the Committee has accepted Mr Moss's decision not to accept the salary increase granted to him in 2012.

We will continue to consult with shareholders on executive remuneration.

Scott Wheway, Chairman of the Remuneration Committee, said:

"We take the views of our shareholders very seriously. I am disappointed that we haven't done that as well as we should have on this occasion. A number of shareholders have indicated that they would like to see a different approach to the way we compensate senior directors on recruitment and an even closer correlation between our pay packages and shareholder returns. Having listened to them, we have sought to address their concerns and will continue to engage with them on this matter."

Anyone watched the fun and games at the agm, today?
I understand Exec Bonuses were dismissed as 54% voted No!

Oh deary, just look at the sp fall this last year, still the Yield is up (Ho-Ho).

((Mindyou SP was a lot worse in 2005!))

If the SP is down, yield would generally be up. Unless collapse follows. Projections are OK in this case.

But, I think the share is probably under-priced and may buy a few more.

Target price about 390.

506p... reckon we could have to wait a while for that.


...Aviva plc (LON:AV) is still a Buy at AlphaValue. The research house has set a target of 506 on the stock, this being a healthy 62.3 pct higher than our last quote at 311.8.

This comes as Aviva makes the headlines over executive pay - The Scotsman writes: "The board of Aviva must have thought that chief executive Andrew Moss had taken the sting out of a looming showdown with investors when he agreed to waive a near-5% pay rise. It wasn’t to be, and another annual meeting has been used by shareholders to vent their anger over executive pay."

Like most target prices, its all just....

Aviva announces Andrew Moss to step down as CEO

Aviva plc announces that Andrew Moss, Chief Executive Officer, will be leaving the group and will cease to be Chief Executive with immediate effect.
The Board has asked Chairman Designate John McFarlane to become interim Executive Deputy Chairman with immediate effect and Executive Chairman from 1st July pending the appointment of a new Chief Executive Officer. The Board has asked him to maintain this executive role whilst internal and external candidates are assessed to find the very best candidate for the CEO role. It is envisaged that this process will take a number of months, at the conclusion of which he will revert to the role of non-executive Chairman.
Lord Sharman, Chairman of Aviva, confirmed that Andrew Moss had approached him with the decision that he felt it was in the best interests of the company that he step aside to make way for new leadership. He has offered to assist in any way he can to ensure a smooth transition.

Got to laugh....'In the best interests'! Shareholders voted against his 5% salary increase, which he then agreed to forego. But shareholders then vented their disappointment in the AV. sp which has underperformed over the last few years, thus forcing AM to step down. Looks like shareholder opinion is being listened to, at last!

'Underperformed over the last few years' - somewhat of an understatement!

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But you don't look it. Thought I would get in before smoothie bb.
2517

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George - you creep :-)

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