AHO is almost there. In the perfect world he would have liked to have jettisoned HMG from his portfolio but the clock is ticking. He is about to/has received his bonuses and I would wager some serious bucks AHO will not see out 2015. I think he is already planning his next move away from LLOY. Maybe Sabadell will speak to him - who knows but his times with LLOY are almost over - no more challenges. I agree that the drip feeding of a massive amount of stock out into the open market is going to take atleast the rest of this year and also will hold the SP bacvk within a given range. To adegree I like this and would benefit greatly from cycling between 78p and 81p - everything being equal. But of course the mark of Zorros is never far away and this could bugger up the greatest of plans..........................
We intend to grow above the market in areas where we are under represented –Increasing net lending by over £3bn in both SME and Mid Markets by 2017 –Increasing UK customer assets in Consumer Finance by over £6bn by 2017 –Supporting our customers in retirement planning, increasing customer assets by over £10bn
"but just imagine if an opportunity to take over another business which fitted well with the core of Lloyds, how useful would it be to have a nice little war chest"
Sorry meerkat, I don't want to appear rude, but we are being forced to sell TSB, as were in a dominant position, in the UK. So if we buy anything else, we will be in the same position, unless it was outside of the UK. Banking is our core business.
Sorry for not being around for a while, I have been a little too busy to attend to stocks and shares
Normal service has now been resumed and I will be able to contribute to the board
Buy Back Many people have posted on this subject and in most cases they have been spot on
My view for what it is worth... and probably not a lot
We all know AHO has a mandate to buy shares back at some time in the future, from memory I think it is in the region of 7 Billion shares At todays prices ( fag packet ) this equites to around £5.6B That is a lot of money But bear in mind he does not have to buy £5.6B all in one go, it could be a managed buy back The question that needs to be asked is, could the funds be used to better advantage inside the business It is often the case when a company does a buy back, they pay too much for the shares
We as shareholders expect to see a nice rise if there is a buy back, but just imagine if an opportunity to take over another business which fitted well with the core of Lloyds, how useful would it be to have a nice little war chest
Dividends The divi of 0.75p is a most welcome start and going forward I believe we will see a significant increase in the payout level If all goes to plan I would expect in the region of £7Billion
I dont hold enough to justify the time and profit to operate a float. I'm a long term holder and accept there will be swings week to week. I think 78 will now offer a very good level of support, but it will struggle to go anything over 81p because as soon as it does there's MS drip...drip...drip... Keeping the price low whilst the institutions buy in slowly to avoid spiking the SP... Adter holding through the bad times, I think I'll wait a couple more years for the good times (hopefully)
Thank you for all your post on buy backs,but as I was reading them I was thinking about what you said Asperger1 and then you posted the bit about LBG having to raise more capital and perhaps not being allowed to buy back at the moment. Anyway,very good post,thank you
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