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After 113 trading days, buyback complete to date:
Total shares to date.................................................3,291,457,436
Total Cost to date... ................................................ £1,468,003,802.38
Average price paid to date.......................................44.6p
Percentage of £2 billion buyback completed.........73.4%
Many thanks to all who took part in today's 7.5k share buyback lol
£532m still in the pot - enough for a 0.7p special divi
100 days left
£531,996,197.62 to spend
If all could be purchased at an average of todays share price it would be a total buyback of 4,474,986,240 shares.
Frustrating it has slowed to a crawl ,just wish they could get on and finish the buyback while the price is around 45p.
"100 days left
£531,996,197.62 to spend"
Well they better get their fecking a - rse in gear and get on with it then because they would need to buyback an average of 11,822,137 shares EVERY day for 100 days at average price 45p to fully spend the outstanding £531,996,197.62!
This buy back is the most unusual one I have ever seen
It's going to get to a point in 4 to 8 weeks time the share price will start rising again
We not going much lower now 1 or 2 p yes maybe but in 3 months we be way above 50p IMHO
hardup
"Well they better get their fecking a - rse in gear"
I think an average of 35M shares a day wasn't unusual during the first months. We would only need 42 days to complete the buyback at that rate.
hu
''because they would need to buyback an average of 11,822,137 shares EVERY day''
current average is over 29 million a day
A1
''£532m still in the pot''
that is questionable
lti
"current average is over 29 million a day"
And what has the average been over the last 2 weeks? Hopefully the "variables" that are part of the algorithm parameters dictating the buyback that have all but stopped large volumes being bought will soon have changed sufficiently over this timeframe to allow the purchase programme to start moving again.
What figure would you be happy to accept LTI lol
A1
''What figure would you be happy to accept LTI''
The difference between what has been allocated to the buyback and the total spend to date.
Unfortunately hu has continued to post a total spend/cost figure that is not the total spend figure. The total spend figure currently is £1,475,343,924.16.
The 2018 £1 Billion buyback programme finished after having spent about £995 million before the addition of tax.
So the current programme is due to have a total spend of £2 Billion.
You never know, Lloyds may decide to spend that before adding on the tax
lti
"Unfortunately hu has continued to post a total spend/cost figure that is not the total spend figure."
There you go reverting to type again! Why the feck do you come with this s -hite! My figures are correct, they refer to the proportion of the £2 billion amount allocated for the buyback that have been spent. I refer you to the Transaction in Own Shares RNS on the last trading day of every month which gives a total so far, which concur with my figures.
hu
''they refer to the proportion of the £2 billion amount allocated for the buyback that have been spent.''
As I have said before, the figure you post is a total spend figure before tax, but you refuse to put the correct description relating to the figure.
lti
"As I have said before, the figure you post is a total spend figure before tax"
I have referred you to the RNS Transaction in own shares on the last trading day of every month which gives a running total so far which concur with my figures. Their figures do not specify "before tax" either for the total spend so far either. So I suggest you send Lloyds an email telling them there figures are incorrect.
hu
As I have said before, the figure you post is a total spend figure before tax, but you refuse to put the correct description relating to the figure.
Are you trying to say that your total spend figure includes tax?
hu
the rns figure is a spend before tax
lti
"Are you trying to say that your total spend figure includes tax?"
No I am not trying to say that my total spend figure includes tax.......and you fecking you know that!
You 2 should get a room
hu
''No I am not trying to say that my total spend figure includes tax''
so you now agree with me - it is not a total cost figure that you are posting.
Nothing wrong with your figures if you state 'pre tax'
lti
"the rns figure is a spend before tax"
I know that, you know that, everyone else knows that, but they don't actually say that in the RNS do they, they just give the total figure spent so far.
hu
if you know that then why do you post as a total cost figure when it is not.
lti
"Nothing wrong with your figures if you state 'pre tax'"
As I have already said, the RNS figure does not state "pre tax".
hu
''I know that, you know that''
but it is
hu
the rns states the cost of the shares (consideration) not the cost of tax