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

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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skinny, I can't argue with that ha!ha! Just needed to elbow super smoothie bb (balerboy) out of the way.
2517

A bargain!


Aviva chief executive Andrew Moss will leave the group at the end of May and receive basic salary in lieu of 12 months' notice.

He will also receive £300,000 in full and final settlement of all claims that he might have to bonus under his contract.

Moss will retain the benefit of £209,000 being 5/12ths of the annual payment made in April 2012 under the Aviva Capital Accumulation Plan - the equivalent of a money-purchase pension plan.

In relation to previous years' bonus awards that have been deferred under the terms of the annual bonus plans the elements relating to the 2010 and 2011 bonus that were deferred into shares will lapse in accordance with the rules of the plan, as will outstanding awards under the long term incentive plans and the One Aviva Twice the Value plan.

Three-quarters of the element of the 2009 bonus that was deferred into shares will vest in accordance with the rules of the relevant plan and 25% will lapse.

Interim Mangement Statement.

Aviva plc today announced its Q1 2012 Interim Management Statement. In a challenging economic environment, operating profit for the quarter is marginally down compared to the same period last year due to the deconsolidation of Delta Lloyd and the sale of RAC. Adjusting for these, operating profit has marginally increased.

Aviva continues to focus on capital and operating capital generation. Aviva's estimated IGD solvency surplus at 31 March 2012 was £3.2 billion, ahead of the full year 2011 position (FY11: £2.2 billion) and in line with the position at 29 February 2012 (£3.3 billion). Aviva generated £0.5 billion operating capital in the first quarter and the IFRS Net Asset Value per share increased to 445 pence (FY11: 435 pence).

Long-term savings sales were down 5% at £7.5 billion (1Q11: £7.8 billion) as a result of tough market conditions. General insurance and health net written premiums were level with last year at £2.2 billion (1Q11: £2.2 billion).

Profitability levels are in line with targets: in life insurance the new business internal rate of return was 13.3% (1Q1

bought in this morning...

Good move... it's cheap.

Yep, bought in as a recovery play.. looking for a steady gradual sp climb from here...notwithstanding the horrific market conditions at the mo.

..Questor share tip: Aviva is a hold until its plan comes together

By Garry White | Telegraph – 49 minutes ago
....


The market appeared a little underwhelmed by Aviva’s new strategy, with shares rising 1.1pc after they were unveiled on Thursday. However, the plan put together by chairman John McFarlane looks sensible.

It is clear the strategy will take time to put into place, which explains the muted response. But investors can now have confidence in the longer term outlook for the world’s sixth-largest insurer.

The strategy seeks to improve profitability, capital discipline and cash generation so the company can return to growth.

Under previous chief executive, Andrew Moss, the group had become complex and its deployment of capital questionable. Indeed, an analysis by RBC (MCX: RBCI.ME - news) has revealed that just 14pc of the group’s assets are actually performing in terms of capital employed. This is based on the company’s own admission that just 15 out of 58 segments are doing OK.

This figure highlights the scale of the task for Mr McFarlane and the, as yet unknown, replacement chief executive.

Aviva plans to increase its capital base substantially, potentially raising up to £3bn to boost its financial buffers.

The insurer will do this through disposals and it has already moved quickly, selling half its stake in Dutch insurer Delta Lloyd (Stuttgart: A0YC08 - news) on Friday.

This raised £318m in what should be regarded as a pragmatic move. Aviva had previously said it thought the business was undervalued and it would not sell at these levels.

The group will exit from 16 businesses in total, including its South Korea operations. These have been tying up capital, but not providing decent returns. The sale of its US business is also likely, although that has not been implicitly stated.

Aviva is also stripping back its layers of management and plans to increase internal efficiency. This is positive, as one criticism of Aviva over the past few years was that the company had become complex and unwieldy. The cost-cutting plan aims to shave £400m of expenses each year. This should offset some of the loss of earnings from the non-core businesses that are to be sold.

One main attraction of Aviva has been its dividend. Currently, the shares are trading with a very impressive yield of 8.6pc. Can we regard the dividend as safe?

Management has explicitly said it does not plan to raise capital through a share issue, although this statement was qualified. “Subject to execution, it is not our current intention to raise new equity,” Mr McFarlane said.

Should the eurozone crisis deepen and the global economy take a dive, then it will become a buyers’ market. There will be few of Aviva’s peers that would be willing to take the risk of buying assets against such a backdrop. This infers that prospects of a rights issue are tied into the health of the global M&A cycle. So, although it is good news that a rights issue has been ruled out for now, the spectre still looms large.

On the dividend front, Mr McFarlane said they were “trying” to save the dividend. Questor reads this as meaning there is a chance that it will be trimmed in the next couple of years, depending on how well the disposal plan goes. We still don’t know for sure.

The easy part of any strategic plan is putting it together. Then comes the execution.

Any mis-steps could result in a cut in the dividend, which will stoke investor ire. Indeed, it is arguable that the market is already pricing in a dividend cut because the yield is so high.

Another major concern is the fact that the company is still without a chief executive. With Mr McFarlane already putting the turnaround plan together and getting the process under way, the best candidates for chief executive may be put off. A change of plan at this stage would knock investor confidence further and the best person for the job may not wish merely to follow someone else’s strategy.

There is no doubt that the shares are cheap, trading on a current year-earning multiple of 5.7, falling to 5.2 next year, compared with RSA Insurance (Other OTC: RSANF.PK - news) on a 2012 multiple of 8.2 falling to 7.7.

Whether we have reached an inflection point for embattled investors remains to be seen. Questor is cautious and now rates the shares a hold because of the execution risk.

..

"I hold these stock."

Edit: I hold this stock


Back to Aviva , let the trend be your friend and trade it up for a small quick profit. I don't hold them stock [ sorry i made a Fredisam ] in the spelling

1 August 2012

AVIVA COMPLETES SALE OF CZECH REPUBLIC, HUNGARY AND ROMANIA LIFE BUSINESSES

Further to its announcement dated 30 January 2012, Aviva plc has completed the sale of its Czech, Hungarian and Romanian Life businesses to MetLife Inc's local operating subsidiaries in those countries. Completion of the sale of Aviva's Romanian Pensions business is expected to occur later this year subject to regulatory approval.

This transaction is consistent with Aviva's strategy to focus on fewer business segments, where it can produce attractive returns.

-ends-

HY12 Part 1 of 5


. Interim operating profit before restructuring costs down 2%

. Interim operating profit after restructuring costs down 10%

- Impact of restructuring costs, foreign exchange, UK weather

. £876 million writedown of US goodwill

. Dividend held at 10p per share

Been out all day, pleasantly surprised to arrive home and see the closing price not too far adrift.

same here. thought it would be a bigger drop...still might happen...we'll see!