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 thoughts but... thats probably enough to send most off to sleep. My thoughts only .. no debate from me as I understand others may disagree. Good luck.
Ps bet they announce a bb tomorrow after that.
I am also imagining making 34k just from Divis. Ah well sighs. Some people are lucky.
Forecast another 1% drop in government holding tomorrow....Nothing but positive news .... shame some people live their lives in the doom zone. Patience has always been the key with Lloyds following there marriage with HBOS. Government should reward all shareholders that suffered at this time with a exemplary award.
Newchurch. I think you don`t understand the business model LLoyds Bank works to create value for the shareholders , not Lloyds Bank. So it doesn't matter how long it takes for them to see the benefit of a buy back so long as the shareholders see it.
keltickilla Do not enroll into a Stock Reinvestment Plan. These plans are now very outdated with the introduction of modern day very cheap internet share dealing. The main disadvantage is that you are not in control over the timing of the purchase, or the price you are paying for the shares. Buy the shares yourself on the open market it will be more cost effective in the long run. ATB
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