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Gun
''the MCAP should be by the default alter.''
??
The market capitalisation is determined by the stock market during the course of every single trading day.
The shares in issue on which the market can evaluate the worth of Lloyds banking group is a known factor at the start of each trading day.
LTI
As we are knowing the MCAP is simply the number of shares x the price per share . It is not the fixed figure...so if you are diluting the float by creating more shares or reducing via say the buyback then the MCAP should be by the default alter. But we are see other factors they also come into play ...
MCAP it determines the size of the company..
Dart Trader, you must have been on the wacky backy as you are being more unreasonable than usual.
Gun
''So when the Lloyds start creating more shares for thing like the incentive scheme. ?''
It looks like you forgot to finish a question.
Any new shares that staff purchase or receive instead of cash will at the appropriate time have voting rights. The number of shares with voting rights is given each month on an RNS.
Hardup
CSN : No idea. Personally i'll start unloading a few more Lloyds hopefully morrow or the next. Once a month i take a transfer of cash out the market.
WW "it’s not your board to police, we have lti for that duty."
😂👮😂 Hypocrite
DYOR
Darth trader, I take it you are now in charge of this board, when were you appointed to this new position and was it a unanimous vote by the rest of the posters and readers, I must have missed the announcement of your new position! 😂
HU,
Just ask your question in that BB.
DYOR
WW, do one...
DYIR
darthtrader, you are being *********, i was interested in any reply’s that hardup may have received here, it’s not your board to police, we have lti for that duty.
LTI
So when the Lloyds start creating more shares for thing like the incentive scheme. ?
Be due the next block listing six monthly return in a month or so.. Last one was showing 148,440,747 under the Lloyds Banking Group Sharesave Scheme
DT
That's twice you have posted that link?
"" DT, I've already looked at the LSE and ADVFN chat boards for CSN. I don't see any posts there from ones that post here hence why I posted my query at 12:35""
Then it looks like you'll have to pluck up the courage and post on that BB...
https://www.lse.co.uk/ShareChat.html?ShareTicker=CSN&share=Chesnara
DYOR
As much as LTI likes to hear the sound of his own voice I have to mostly agree with him on this one.
If the incremental share price increase was directly correlated to buybacks life would so much easier - almost the same as a dividend which of course is known. But many many factors will also influence the share price up or down along the way.
Gun
there are only a minority who think you can judge a companies worth by a share price. You will find that the majority know that you would need to multiply a share price by the number of shares in issue.
That is why I have stated several times that my last sale of Lloyds at 53p per share would be equivalent to about 60p per share now.
Gun
As I said - "The number of shares that make up any businesses share capital is irrelevant ".
It makes no difference to the buyback whether the Lloyds about £35 Billion market cap was made up of the current number of shares or half the amount.
Flec
You started your charts as part of your anti buyback stance - that was clear for all but the dumb to work out.
As I have already said, there is a monthly RNS giving voting rights and as I have also already said, an investor can look at historical share counts at any time they like with a quick search.
Share count peaked at about 72 Billion and is on a downward trend - simple.
Also as i have already said, it gives no indication as to the benefit of share buybacks (you would not like to highlight that yourself would you)
Without buybacks there would be 76,651,704,843 shares on the market
The charts I've just posted show the combined Buyback/Block listing effect on the monthly share count.
This chart shows the trend
https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1812824850&format=interactive
This chart shows the month by month variation
https://docs.google.com/spreadsheets/d/e/2PACX-1vS0oSavIsBjHgD7k6NMyk7Z591Cm2IrevvLI-Jq95gOmESrOI0Vi_NhA8LIO9rMz90Y5zCOCoFuEItG/pubchart?oid=1451011517&format=interactive
LTI
"The number of shares that make up any businesses share capital is irrelevant "..
Is funny is that one Bros...🤣🤣🤣
https://www.investopedia.com/ask/answers/012715/why-would-i-need-know-how-many-outstanding-shares-shareholders-have.asp
Sc
''number of existing shares trading on the open market is still far to high ''
The number of shares that make up any businesses share capital is irrelevant .
What matters in a share repurchase programme for cancellation is the reduction in share capital, for the longer term benefit of shareholders retaining their shares - obviously better conducted when buying at cheap valuations, as has been the case with Lloyds.
A1
''it could take 10 or 20 years to reduce the share count by say 50%''
As I have already stated - without buybacks there would be 76,651,704,843 shares as opposed
to the latest RNS release figure of 62,883,084,950.
I imagine that there is no policy to reduce the share count to a certain figure - as I have pointed out, a share count is irrelevant. The current policy to prioritise buybacks is a good one whilst representing good value for money. I'm not sure that it would be policy if the market cap was at £80 Billion with current profitability as opposed to the current about £35 Billion.
A reduction in share capital of between 5 and 6% as a result of a £2 Billion buyback programme would be more than satisfactory.
DT
I've already looked at the LSE and ADVFN chat boards for CSN. I don't see any posts there from ones that post here hence why I posted my query at 12:35.
I am looking to increase the number of holdings in my portfolio and this caught my eye. Doe's anyone invested here also have CHESNARA (CSN)in their portfolio? Any reasons anyone can think of not to invest in CSN? Appreciate any replies.
LTI - I believe the 'Total voting rights' month by month listing offers an insight to the scale of the project - ie with the SP rising, hence buyback volume reducing, it could take 10 or 20 years to reduce the share count by say 50%