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y11
you will have to post on the Aviva board as well.
45p? - that would be good.
I’ve received my dividends and my return of capital with h and l moved to my isa and re invested. Within the next 24 months Aviva will be paying 45p per share per annum. That’s around 10 percent yield tax free.
It looked at one time that it would finish very early. No rush for it to complete - average price paid is more important - hopefully MS are controlling things as best they can within limits when it comes to purchase prices.
Thanks LTI,
I thought it was probably close to the average daily buyback. I don't think he understands the limitations on what can be bought everyday nor does he possibly realise the buyback has till the end of December to be completed.
gb
''And to think that the Government thought that the shares in this company were worth over 70p''
well that is what they/taxpayers got for their shares
G13
''Yesterday's 34m shares seems a reasonable amount to me.''
Yes it was close to the current average of about 35.5 million.
Yeah, it's all a bit of sport, Gate.
Makes for entertainment I guess TFE.
I do wonder how old some of these posters are to be honest sometimes.
"So divorced from reality" and there you have it straight from the mouth, pen, fingers, keyboard whatever, our current resident pest/p r a t t Gazzlebury.
There's always one, unfortunately they seem to end up on the Lloyds BB.
Bit like a child really, they can't take it all in.
*That'll teach em
I get it perfectly GB.
The board of directors have contractual rights to share bonuses. If you don't like what's going on, you could always requisition an EGM to vote down director pay or alternatively sell your Lloyds shares. Morgan Stanley I'm sure will snap them up.
Instead of whinging, why don't you vote with your feet ? They'll teach em......
Gazzlebury,
The shares set aside for staff are a fraction of what the buyback will remove from the register.
Exactly Hardup
Shytetalk
"around 60 mill"
MS are limited in the amount of shares they can purchase daily as follows:
"In so far as volume is concerned, the issuer must not purchase more than 25% of the average daily volume of the shares in any one day on the [regulated market] on which the purchase is carried out.
The average daily volume figure must be based on the average daily volume traded in the month preceding the month of public disclosure of that programme and fixed on that basis for the authorised period of the programme.
Where the programme makes no reference to that volume, the average daily volume figure must be based on the average daily volume traded in the 20 trading days preceding the date of purchase.
For the purposes of paragraph 2, in cases of extreme low liquidity on the relevant market, the issuer may exceed the 25 % limit, provided that the following conditions are met:
(a) the issuer informs the competent authority of the relevant market, in advance, of its intention to deviate from the 25 % limit;
(b) the issuer [makes an adequate public disclosure of] the fact that it may deviate from the 25 % limit;
(c) the issuer does not exceed 50 % of the average daily volume.
In order to prevent market abuse the daily volume of trading in own shares in buy-back programmes shall be limited. However, some flexibility is necessary in order to respond to given market conditions such as a low level of transactions.
https://www.handbook.fca.org.uk/handbook/MAR/1/Annex1.html?date=2016-03-07
Quite SUFF,
And MS have until Dec 31st to complete the buyback. No point in bidding too high unnecessarily to attract sellers.
Think you need to be patient Shytetalk.
The point of the buy back is to delete as many shares as possible at lowest possible prices
BUY BUY ON RED DAYS
GO TO THE PUB ON BLUE DAYS
The share price will adjust higher or lower accordingly over the following 12 months , one thing I do know less shares in circulation = bigger dividends for meeeeeeeeeeeeeeeee
around 60 mill
Shytetalk
"The low buy back quantities is poor not the price"
Yesterday's 34m shares seems a reasonable amount to me. Don't forget, by the terms of the buyback Morgan Stanley are limited to how many they can buy every day.
How many shares are you expecting them to buy every day out of curiosity?
The low buy back quantities is poor not the price
Between 20-23 trading days a month going forward
So say 60 days in next 3 months at 60-65 mill a day is 3.9 billion top end
st
''Should be circa 65 mil''
how do you come to that conclusion?
st
''how poor is this buy back getting''
??????
What on earth are you on about?, so far the investment has gone very well.
I would have thought that if an investor wanted to buy £10,000 worth of Lloyds shares, they would prefer to pay 45p per share rather than 55p per share - Would anyone on here prefer to make an investment at the higher price.?
Should be circa 65 mil
Why is it poor Shytetalk ? Another 34m shares removed from the register.
NO NEGATIVE COMMENTS, FFS.
IT'S SIMPLY NOT ALLOWED.
BUY,BUY,BUY more like BYE,BYE MONEY!
LOL.