What To Do With My Aviva Shares Please

[grandpajoe]

Hello again!! We have some shares with AVIVA     and have been much displeased with them as like every other investment this near 80 year old has made these past few years they have been poor However a couple of weeks ago they hit £5 per share and are still at 5.40 ish!! A couple of weeks ago a lettter landed in the hall and I retrieved it before the dog "read" it and lo, its from AVIVA  Now then I don`t have a clue what it is about therefor what shall I do????  Any help would be wonderful please!!!!   This is from the lad who bought 2000 Next shares at 20 p  and sold them when they reached 40 p !!!!!  So be sure I do need help with what to do with these AVIVA any genuine help would be grand  Thanks  Chris

[New Judge]

How much did you pay for them and how long ago?

Do they pay  a dividend?

What does the letter from Aviva say?

[-SharonA-]

Hang on to them. You need know, one day they may rocket in price.

[MandyMooMoo]

So a quick google gives the following info :- 

Aviva plc has 8.26% upside potential, based on the analysts' average price target. Aviva plc has a consensus rating of Strong Buy, which is based on 5 buy ratings, 0 hold ratings and 0 sell ratings. The average share price target for Aviva plc is 608.00p.
Based on this i would suggest to keep them a bit longer - but as you are aware this purely speculative and the price may drop tomorrow.

[New Judge]

I notice they pay a dividend of around 6%, which is not to be sniffed at. They are also currently trading at close to their year high (which, as far as I can see, is their all time high). Apart from a dip at Covid time they have been quite robust.

[Maydup]

I had the letter too. It says...
 

The Board of Aviva is seeking the approval of shareholders for the cancellation of Aviva’s preference shares (the “Cancellation”). If successful, the Cancellation would have the effect of retiring 100% of the preference shares issued by Aviva.

In the event the Cancellation does not receive the necessary support of Aviva’s preference shareholders and ordinary shareholders or is otherwise not implemented, Aviva is in parallel inviting eligible preference shareholders to tender any or all of their preference shares for repurchase (the “Tender Offer”). The Tender Offer requires the approval of Aviva’s ordinary shareholders.

[Maydup]

Our share Gandpa are Ordinary rather than Preference. I say hang on to them as the company is thriving, they've just paid their CEO £7.2m bonus for successly growing the business and dividends are expected to rise from 6.5% to 7.5% and more over the next couple of years.

[Maydup]

Quote:

Analysts forecast that Aviva’s yield will rise to 7.4% in 2025, 7.9% in 2026 and 8.2% in 2027.