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I just checked my record on spreadsheet. When Barclay completed buyback on Oct 24, 2023, the remaining total floating shares were: 15,073,890,051 shares. Compared to Before last round buybacks, the share count reduced by 3.114%.
When this round of buyback starts, the total share counts started at 15,182,822,584 shares. There is a net increase of 108,932,533 shares. This equivalents to 1172 shares per employee in 1 quarter. Any body has an idea, why the bank is so generous to use shareholder money to fat their own wallet? In percentage, this 1 quarter stock dilution has cost 22% of last round buybacks. Since we only have two buybacks a year and employees have 4 Q of compensation, does this mean 44% buyback would drop to the black hole of stock based compensation?
Barclays got to this price February 2023 then dropped so that's probably the reason for shorts opening.
There could be some profit taking now after they are trading ex dividend .
They dropped to around £1.40 last year.
Have to wait & see.
If you sell on ex divi day then the seller retains the dividend. The buyer does not get the dividend hence why the share price normally drops by the dividend amount. So in reality seller gets lower price and the dividend and the buyer gets a lower price. Pasta is quite correct. Rgds, S
Taverham
> Pasta, if you sell on ex divi day you will sell ex divi and not get it.
This is 100% wrong. If you sold on ex div, seller gets dividend. Stop confusing others.
Im glad I waited now, 4% up today is lovely. I might wait one more day....
You get the dividend!!!!!!!! If you sell on the ex dividend date.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value. Investors who purchase stock before the ex-dividend date are entitled to the next dividend payment while those who purchase stock on or after the ex-dividend date are not.
Just remember - Ex divi means excluding the next divi.
Rgds, S
I'm not certain that's correct. I thought if you sold on ex date you sold ex div and therefore did receive the dividend.
Pasta, if you sell on ex divi day you will sell ex divi and not get it.
3.87% up
Worried, only if your the holder of the short.
They did open a 0.5% short. Is this something to be worried about?
> If I sell today, will I still receive the dividend? Or do I need to wait til tomorrow to sell? The 5 point expected drop has virtually recovered as of writing this at 2.20pm and that is confusing me.
Yes, on ex-div day; you can sell and still get dividend.
Brave
Please read my post at 20.25 yesterday and Rats, also my other posts regarding this matter. It explains why people are confused.
If I sell today, will I still receive the dividend? Or do I need to wait til tomorrow to sell? The 5 point expected drop has virtually recovered as of writing this at 2.20pm and that is confusing me.
Main reason is that the Company are not in control of buying decisions - it's a merchant bank (JP Morgan in this case) making the trading decisions based on the LSE guidelines and company's resolution that allows the buyback. I imagine it's a LSE/PRA/FCA rule meaning trading decisions need to be arm's length.
Secondary to this is it would make not effective difference. In a perfect market with no external factors, the SP would drop by the amount of the dividend on ex-div day then rise slowly towards the next ex-div day.
Of course, that never actually happens in reality as there are are multitude of other factors in play (general market sentiment, sector sentiment, wars, GDP figures, issuing too many bonds in US! ......, the list is almost endless).
Thats also the reason the SP doesn't increase automatically in line with the buybacks. In theory, if they bought-back 1% of the issued shares in a day, the SP would rise by 1% (to keep the yield and EPS he same) over that day, but it's the other factors that mean it will almost certainly never happen exactly in line with the buyback.
Yes Barclays has always been a good investment but like any bank the biggest worry is the grim reaper the FCA. In the trade we called them the FuCuArs. That word is made up with three words, two ending with ing and the last hole 😊
Barcs were the first share i bought in 2008 when i had a pay out from a unit trust plan i took out as a teenager, £12.5k, i paid two and six (12.5p) per month for it, with that money i bought Barcs shares and started my interest in trading shares, i have an affection for Barcs.
Why did Barclays buy shares yesterday when they could have purchased today after the ex dividend was deducted from the share price. They would have paid a lot less for them today. Cannot work that one out.
Roddle1
you've done the right thing holding mate.... dont join the "quick buck brigade"
these shares are still undervalued... hang firm for the uplift. x
Barclays purchased 4,194,000 shares yesterday to cancel. Volume weighted average price paid per share: 169.0272p
Those of us who did not sell yesterday are now in front,
Thanks for that insight - it makes total sense. so they seem to be on a strategy of buying about 3m shares a day, spread out throughout the day in relatively small transactions.
It is ex div causing drop