Good point, but in reality I cannot see many of these being bought back in the next 5 years...perhaps a few billion if we are lucky. I have holdings in about a dozen or so other companies and there is nearly always a resolution at the AGM for buy-backs but they just never seems to happen. It wasn't that long ago that there were 68 billion shares in Lloyds but now we have over 71 billion...where did this extra 3 billion come from...freebees to directors?
Hi Pugsy, Looking to get back into Lloyds are you? Don't you feel you owe Lloyds long term holder an apology for calling us all 'Suckers' & 'Dreamers' last Sept as you sold out at 76p to buy SBRY at 290p
£5 is not achievable in 5 years time....there are just far too many Lloyds shares in issue, 71.374 billion to be precise. So at £5 this would give a market cap of nearly £375 billion which would be 3 times today's market cap of HSBC which is easily this country's biggest bank. Perhaps £1-50.
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