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Lloyds Share Chat (LLOY)



Share Price: 61.36Bid: 61.42Ask: 61.44Change: 0.00 (0.00%)No Movement on Lloyds Grp.
Spread: 0.02Spread as %: 0.03%Open: 61.82High: 62.26Low: 61.19Yesterday’s Close: 61.36


Share Discussion for Lloyds


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SUFCESSEX
Posts: 6,498
Opinion:No Opinion
Price:63.68
RE: Buybacks
6 Jun '18
UBS Must of stayed down the pub at lunchtime :-)
 
longtimeinvestor
Posts: 3,368
Opinion:No Opinion
Price:63.68
RE: Buybacks
6 Jun '18
They only bought in the first couple of hours.

Average price today was about 62.8p
Average price overall so far is 65.6p
SUFCESSEX
Posts: 6,498
Opinion:No Opinion
Price:63.68
RE: Buybacks
6 Jun '18
Wow

nice average price of 63p

UBS are picking up the game IMHO
longtimeinvestor
Posts: 3,368
Opinion:No Opinion
Price:63.68
RE: Buybacks
6 Jun '18
Lowest so far excluding what appears to be none on the 1st June
Asperger1
Posts: 5,262
Opinion:No Opinion
Price:63.68
Buybacks
6 Jun '18
Many thanks to all who helped to reduce the number of shares in issue by 1.2m

#Buyback those dips
A1
leas
Posts: 4,349
Opinion:No Opinion
Price:63.68
RE: RE: Buybacks
6 Jun '18
If a company has a MC of 1 million with 1 million shares in circulation then each share is worth 1 pound. If 100,000 are removed then the remaining shares are worth 111p.

The fundamentals have changed. What is complicated?
livestock
Posts: 586
Opinion:No Opinion
Price:63.68
RE: RE: Buybacks
6 Jun '18
I can't win with you you in favour of buybacks and worked in the city for 10 years
longtimeinvestor
Posts: 3,368
Opinion:No Opinion
Price:63.68
RE: RE: Buybacks
6 Jun '18
LS
''the market controls the share price . not buybacks ''

and the market price will be 1.4p higher than it would have been without the buyback.
You must be a goldfish
Andyagogo
Posts: 409
Opinion:No Opinion
Price:63.68
Nice intra-day reversal.
6 Jun '18
N/m
Gate13Boy
Posts: 613
Opinion:No Opinion
Price:63.68
RE: RE: Buybacks
6 Jun '18
No one is arguing they don’t livestock. We are both making the point that the amount of shares being cancelled through the buyback equates to approx 1.4p per share when the buyback is complete.
livestock
Posts: 586
Opinion:No Opinion
Price:63.74
RE: Buybacks
6 Jun '18
longtimeinvestor

the market controls the share price . not buybacks
Gate13Boy
Posts: 613
Opinion:No Opinion
Price:63.68
RE: Buybacks
6 Jun '18
I know LTI lol.
longtimeinvestor
Posts: 3,368
Opinion:No Opinion
Price:63.69
RE: Buybacks
6 Jun '18
G13
Wait for silly response from LS along the lines

'but if you include the new shares being issued'
leas
Posts: 4,349
Opinion:No Opinion
Price:63.67
RE: Buybacks
6 Jun '18
A1. Cannot compare like for like with buybacks. For example BP has a large number of shareholders that do not take the dividend in cash but additional shares. Over a period of time this dilution gets expensive to administer so the company reduces the number in circulation saving the company the expense of managing shares that carry voting rights.
If you look at VEC they commenced a share buyback programme and the sp fell as their brokers were tasked to buy the shares as cheaply as possible. Their MC reduced so much that they were or close to be booted out of the FTSE250. MPE are another company buying shares in order to put themselves in a stronger position should another takeover attempt occur.
Not sure if the current strategy suits the short term investor who would prefer a higher yield but should suit the investor taking a long term view.

Good luck to all investors here.
Gate13Boy
Posts: 613
Opinion:No Opinion
Price:63.66
RE: Buybacks
6 Jun '18
1 billion pounds buyback divided by market cap of 46 billion multiplied by share price of approx 65p = 1.4p The maths really are extremely simple.
livestock
Posts: 586
Opinion:No Opinion
Price:63.68
RE: Buybacks
6 Jun '18
The total affect of the buyback when finished will be less than 1/2p when finished .
Gate13Boy
Posts: 613
Opinion:No Opinion
Price:63.54
RE: Buybacks
6 Jun '18
LTI - Correct.
longtimeinvestor
Posts: 3,368
Opinion:No Opinion
Price:63.56
RE: Buybacks
6 Jun '18
LS
Shall we start all over again?

''Buybacks makes no difference to S/P''

When complete the current buyback will make about 1.4p difference
Asperger1
Posts: 5,262
Opinion:No Opinion
Price:63.60
RE: Buybacks
6 Jun '18
SUFCESSEX
Posts: 6,498
Opinion:No Opinion
Price:63.61
RE: Buybacks
6 Jun '18
Totally Agree Livestock

Today we just warning up the engine, not going to make a too many dents

BUT

after a few years of buying back shares we all shouting Bingo
Asperger1
Posts: 5,262
Opinion:No Opinion
Price:63.57
RE: Buybacks
6 Jun '18
If that was true Livestock - makes one wonder why Royal Dutch Shell, Aviva & BP. are also buying back

#Buyback those dips
A1
Andyagogo
Posts: 409
Opinion:No Opinion
Price:63.50
Defensives selling off
6 Jun '18
Defensives getting hit hard in PM trading.

Might be US bond yields on the rise again, not see any other news.
livestock
Posts: 586
Opinion:No Opinion
Price:63.33
RE: Buybacks
6 Jun '18
Buybacks makes no difference to S/P
Asperger1
Posts: 5,262
Opinion:No Opinion
Price:63.22
RE: Buybacks
6 Jun '18
Andy -
28th Feb 2017 71,459,965,313
31st May 2017 71,759,965,313 = + 300m
30th June 2017 71,826,231,284 = + 66m
31st July 2017 71,912,763,773 = + 86m
31st Aug 2017 71,950,319,886 = + 38m
29th Sept 2017 71,956,178,351 = + 6m
31st Oct 2017 71,961,738,595 = + 5m
30th Nov 2017 71,967,363,694 = + 6m
29th Dec 2017 71,972,949,589 = + 5m
31st Jan 2017 72,070,202,434 = + 77m
28th Feb 2018, 72,086,432,586 = + 16m = total for year + 590m
29th March 2018 72,176,280,921 = + 89m
30th April 2018 71,992,041,055 = - 184m
09th May 2018 72,407,041,055 = + 415m
31st May 2018 72,129,030,238 = - 278m

If not for the buybacks there would have been circa 700m extra shares in issue this year

#Keep hoovering um up UBS
A1
SUFCESSEX
Posts: 6,498
Opinion:No Opinion
Price:62.94
RE: Buybacks
6 Jun '18
Andy

they say at Tescos

Every little helps ;-)

This is just the beginning IMHO

Antiono needs to clear up too many shares scattered around here :-)




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