39 days ago
The job of a public company such as Aviva (AV.) is NOT to change society but to deliver the best results for shareholders and that should mean that for every post, especially senior ones, it must hire the most highly qualified person for the job. But that is a message lost on Amanda Blanc, the company’s right on CEO.
1787 days ago
In the dismal annual results for calendar 2018 published on May 9 Watchstone (WTG), Quindell (QPP) as was, claimed to go into great detail on the various legal cases it faces thanks to the activities of its former boss, the King of the Fraudsters, Rob Terry. Except it didn’t. On April 11 it suffered a massive blow in a C$30 million (£18 million claim if faces in Canada from Aviva. This it omits to mention in its finals but luckily I can bring you full court documents and a release from Aviva’s lawyers below….
2353 days ago
Last month the Jupiter Merlin group which, at one point, had £942 million invested in funds managed by Neil "nomates" Woodford announced that it was pulling out its last monies. Now another big investment group has given up on Britain's most self important fund manager. Aviva, one of the largest savings providers in Britain, has had enough.
2625 days ago
In today's podcast I look at the new rules Aviva is implemententing in the name of gender equality. They are not needed and are bad news for all concerned. It is yet another sign of how Britain is losing the plot on capitalism. I then offer up three clear signs that we are at a market top and why it pays to be very wary.
2628 days ago
I have flagged up many times before that the Hubio (formerly known as the fraud Himex) and Ingenie operations in Canada faced serious issues because they had simply failed to deliver product as promised to major customers such as Aviva. Now it is out in the open with writs flying both ways. Oh dear...this is not going to end well for Watchstone (WTG), the legacy of fraudster Rob Terry strikes again.
2830 days ago
So you think blue chip shares are safe? Hat tip to a Mr N Wray from London for the table below which proves that they are not.had you stuck £5,000 into all the stocks in the FTSE 100 10 years ago in 17 cases you would have lost money in absolute terms. The worst investment would be RBS (RBS) where your initial £5,000 would today be worth £191. Other household names such as Tesco (TSCO), Marks & Sparks (MKS) and Aviva (AV.) were just dogs. As the table below shows even supposedly safe blue chips carry risk.
3475 days ago
Quenron (QPP) earlier this week announced a telematics deal with one of the top three insurance companies in Canada. Of course that was a lie. Quindell has told lies in RNS statements on a serial basis so that is no shock. The partner is Aviva Canada which is in fact the 15th largest insurance company in Canada. It is the third largest player In the Property & Casualty sub sector but what Quenron said in the RNS was just another lie.
4063 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 13th. He is a great one for focussing on yield. RSS today looks at Aviva.
4099 days ago
Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. RSS today looks at Aviva. I have never understood insurance stocks but, as I noted, RSS is a clever chap.
I saw that an analyst somewhere had suggested that Aviva (AV.) might wish to re-base its dividend payout – a polite way of suggesting a cut. The rationalist argument for such a development, if it were to occur, might include the obvious point that new chief executives coming to a corporate debacle to sort it out, often like to put all the bad news he ( or she) can find out for public consumption to distance themselves from history and provide the lowest start base possible for the rebuilding project. It only remains to add that Mark Wilson, after a long search, was appointed the new CEO of Aviva on the 21 November and took up his appointment on 1 January this year.
