Lloyds Banking Group, produced by the merger of Lloyds TSB and the Halifax banking group HBOS, is the biggest ever UK bank. The combined group, with around 145,000 staff and 3,000 branches, will control around a third of UK's mortgages and a quarter of all savings. The government owns 43.4% of Lloyds Banking Group, 36% are owned by Lloyds TSB shareholders and 20% by HBOS shareholders.
The assumption from what he wrote, has got to be that he isn't a shareholder and therefore the calculation was based on him purchasing £1.1 million worth in the morning at 70p per share. I thought that it would be obvious to you. If he is a current holder, then his post was meaningless
Oneday Although.. Newchurch's understanding of Lloyds view on buybacks seems to align with theirs just now. Way I see it is right now its very volatile and money going into a buyback could get swallowed up by an unforeseen event, or swallowed up by a rose which is still due IMHO just now antway.
Also buyback removes capital when its nice to have it. There could be cheap buys ahead, and investing in themselves makes them look a bit devoid of ideas for growth. Umm well theres a couple more… Read More
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.