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Gate13Boy like your comments but not aggree good banter mate . (full stop)
Gateboy.
I am aware of how buybacks work in so much as Lloyds buyback the shares via whoever is handling such. BUT, the money spent by Lloyds on REDUCING the share count, then adds vaule to the company via the increase in share price, so the cost to them all thigs equal, should be zero.
Whereas IF they gave that cash as a dividend only, then clearly whilst many would 'reinvest' by buying more Lloyds shares, many would choose to spend it on other shares, or on holidays, cars, or a bag of buns, whatever, then taking that 'value' away from Lloyds as a company, which 'buybacks' do not (in theory).
Explaining the pay out to shareholders is due to the fact that inflation reduced the 'value' of any buybacks, so MORE buybacks would be needed to maintain the SAME level as the previous year in inflation ridden times, SAME for the dividend, which, as there are LOWER amounts of shares in issue (due to a year of buybacks) , then the amount paid on those lesser shares in issue OUGHT to rise on that fact alone, LET ALONE the lesser value of the divy from inflation, which needs to be taken into account too.
But like many on here, believe what you wish to, as, as with Lti, someone insulting their investment choice hurts, so flogging a dead horse trying to 'explain' to such.
Also try picking an argument with all the wrong positive posters on here. Plenty to chose from.
The share price rises on the buyback news then ebbs away on the countless bad news to come as the year until next full results will march on with a Labour Gov, FCA / HMG playing Robin Hood, and countless more impoverished adding to the UK's woes, as where it goes so does Lloyds.
Take nice profit Or wait till tomorrow
ITS ALL TO DO WITH PROFIT MARGINS ex you buy for a 1£ sell for what you can get i thnk its called buisness !!!! all other info is just sideline and i know lloys are making great profit margins as long as cost are down this will get better stuff the buy backs
Mararab
Correct
That's it
No worries. If you’d put a fullstop after the 1.84p, I’d have understood what you were saying better 👍
Gate13Boy the buy back has been going on for a few years and sp drops and drops explain that bud i can not
Mar
the next interim payable in September will not be dependent on what the base rate is. Unless there are extraordinary circumstances, the next interim should be about 1p
The Group also now expects to pay down to a CET1 ratio of c.13.0 per cent by the end of 2026.
William Chalmers..."We've looked at both the regulatory outlook, we've looked at the business risk reduction that has been embarked on over the last several years...and all of that adds up to the 13% CET1 target ambition that we have."
Both the £2bn buyback and the 2026 CET1 target reduction to 13% are expressions of confidence in the business.
I know my grammer is crap but my number crunching is ok aploagies for any mis read info but you know what imean
Oh dear. Here we go again 🙄 Shares move for all sorts of reasons. The share price would be lower had it not been for previous buybacks.
Why do you think the magnificent 7 in the USA use buybacks mainly instead of paying out dividends ?
Gate13Boy : i need to read mate i did not state that for intrim next year that wew as final for 2023
Buy backs are not a payout to small investors -there sole purpose is to benefit the Bod and aim to increase the shareprice significantly -this has clearly failed and the Bod should increase dividends significantly -yield on shares increase and this should increase the shareprice.
People here cheering up the increased buybacks are not enjoying any “increased payout “.
The share buy back policy has clearly failed in relation to the shareprice and materially increasing the dividend to reflect the 57% increase in profits should at least be tried
Yes, so why do you suggest the next interim might be 1.92p in the post below mine ?
Does anyone know does buyback start straight away?
Inch
''How many shares are being bought back for £2bn at todays price for example ?''
do you not have a calculator on your device
And to be fair im raking around 5.8% in divi profit whats not to like
Next intrim will reach 1p + from .92 if rates stay around 4.5 - 5 %
Mar
it is about NIM rather than what the base rate is, but a higher rate does give scope for NIM improvement unless there is very fierce market forces competing for market share. Too high a rate though , some borrowers may struggle. A maintained 4 to 5% base rate would be good for banking businesses
I don’t think the interim will be doubled in 12 months time somehow.
I went for 2p as well looks Final 2023
1.84p maybe next intrim be better
How many shares are being bought back for £2bn at todays price for example ?
I did predict Wednesday 🤑🥳😍 but got 2p divi wrong, 2 pints of Guinness with breakfast.........❤
Just saying
It's wot one hasn't got to do !
Lets face it lloyds is cash rich if the interest rates stay above 4.5% there raking it in . Now who is going to get a share of this spare cash . buybacks has done nothing to to raise the sp so maybe a better divdend that might tempt the big boys to come in who nows im not the boss but if i was i woud dangle a didvidend carrot and see which donkey (corporate investors) bite
Chid,
I never even mentioned Citra. You’ve got your wires crossed there.
Explain to us how the payout to shareholders has decreased this year when the buyback amount is the same (£2bn) and the dividend has increased this year.