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After 54 trading days, buyback complete to date:
Total shares to date....................................................1,187,638,535
Aggregate cost to date... ............................................ £598,818,811.22
Average price paid to date..........................................50.421p
Percentage of £2 billion buyback completed............29.94%
What do you anticipate the share price doing after completed buyback has been achieved?
Knowing this share it would not surprise me if the price dropped :)
Everything else being equal, of COURSE the price will drop, for to have a known willing large 'buyer' cease absorbing those unwanted sellers shares, then means the buyers of those shares have far less competition, so, like all traded items, supply and demand rules dictate, less demand, lower prices and visa versa.
Idiots think that the share price will magically rise at the end of the buyback period, but, as markets are forward looking, the rise will be when the buybacks are announced, not when they end.
So every seller will have less willing buyers so the share price will lessen, IF all other things are equal.
IF suddenly a large seller announced that they were going to sell off the same number of Lloyds shares over that time period, then we would expect the share price to drop on the 'announcement' NOT on the day the very last 'batch' were sold.
"Idiots think that the share price will magically rise at the end of the buyback period"
I don't think that is an accurate comment - In the case of LLOY every previous buyback has resulted in the sp declining by the end of the process, to date with this one the sp has been on the rise - but will that last.
no. get drip out of the way then buybacks amounts to a decay of realisation that 63 bln shares is going to be a long slog. roughly 2bln share reductions a year. *** packet maths says they should only have 2 bln shares in circulation themselves in 30 or so years. that's just a lamens way of looking at it.
""Idiots think that the share price will magically rise at the end of the buyback period"
Well the share price did rise after the 2022 and 2023 buybacks. The 2022 buyback finished on 11th October and the share price that day was 41.5p. The 2023 buyback finished on 25th August and the share price that day was 42.1p.
NC
re your post at 8:38
all of it is complete nonsense.
A share buyback has NOTHING to do with what the market values Lloyds banking group at - currently about £34.2 Billion.
MS buying some shares each day is no different to any other purchaser of shares. The level at which shares are willing to be exchanged at, will be found no matter who the seller and purchaser are. The average volume of trades during normal trading hours has not increased as a result of one particular purchaser.
The price per share during and after a buyback programme will be determined as always by what the market values Lloyds at.
As I have already mentioned the Market put a value of about £60 Billion on Lloyds in January 2014.
Total voting rights projection? - It's might take a while . . .
Feb 2023 67.4bn
Feb 2024 64bn (-3.4bn)
Feb 2025 60bn? (-4bn)
Feb 2026 55bn? (-5bn)
Feb 2027 50bn? (-5bn)
Feb 2028 45bn? (-5nb)
Feb 2029 40bn? (-5bn)
Feb 2030 35bn? (-5bn)
Etc etc
Asp, Can you calculate the projected share price against each of the projected voting rights?
Give it a go anyone?
A1
''Total voting rights projection?''
plucked out of thin air, which by the looks of it would required an extremely low and increasingly so Lloyds market valuation.
I have already mentioned - buybacks should in future be looked at in terms of the percentage of shares in issue at the start of a programme that have been managed to be purchased and cancelled .
I would suggest that a 6% figure would be a good result for long term shareholders.
There is no reason to expect that buybacks will always be a priority - that would be determined by the BOD's view as to whether they still represent an investment in assets at very attractive (undervalued) levels or not.
LTI - Lloy Buybacks - just an attempt to adjust expectations - the trick is to live long enough to reap the benefit
Looks like a gd day to pick up a few MARS
A1
more realistic expectations are better to avoid disappointment , but I wouldn't complain with Lloyds maintaining profitability and at the same time having ever decreasing market caps to make your dreams of share reductions a reality.
''Looks like a gd day to pick up a few MARS''
is it? - time will tell - currently given up a little of a weeks big gain on results day.
More than happy to have made a sub 27p purchase on 4th April
Ain't No Stopping Us Now
Lets close that 55+ gap getting ever closer. :-)
Hopefully Lloyds breaks out now and cracks the 55p+ range been sticking around this level long enough...