Bad day at the office

It certainly was for Aviva shareholders yesterday, when the share price dropped by 7.54% - which I took as a buying opportunity.

As per my last, I am off on honeymoon for a month at the end of the week so I wanted to get some more shares into my portfolio beforehand.  I considered quite a few weird and wonderfuls, but something I am trying to increasingly consider is those companies that already exist in my portfolio - new is not always better once a certain level of exposure to different areas has been achieved, and I did buy those shares for a reason.

So, why more Aviva?  Well, the share price dropped significantly, and the company binned its CEO and is now talking about "hoping" to maintain its dividend (just shy of 10%) whilst intending to dispose of underperforming businesses and get focussed.  Sounds like a good long term plan, and with a 40% discount to assets held I am pretty happy to hold more.

What else was under consideration?  Well, Caretech is up 25% since I bought it in late May.  I also thought very seriously about an electronics company called XP Power which is being widely tipped and has a 4.6% historic yield based on today's price.  They seem to be very good at what they do, but I am going to wait until the share price drops to sub 950p before I pick any of those up (i just feel that's about the right amount to pay).

Anyway, I am gone now until the end of August.  I wonder what the market will do whilst I am away....