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Christ guys the LLOy board is in fever pitch . NWG already passed x Divi date & NWG still pulling away ! I think its going to be a great year well until Labour get in .
*too
Hi Neil - We’re back at 250 - Was a week to early with my prediction after XD - better late than never lol ;)
GL & ATB.
If NWG have their way and buy back 15% you will get your wish.
I think I would have a slight preference of a big buyback from the government and cancelling shares. Having said that happy to see the Americans buying in.
Does it matter who buys them ?
If the Americans don't buy them all first.
When on 16th of Feb. NatWest said that they are going to buy back £300M shares and that would be be equivalent to pay out 40p per share.
Now if they intend to buy back £3 Billion pounds worth of shares, with my elementary calculation that would be equivalent to £4 per share pay out.
So my advice would be sit back and hold tight, you are going to on a hell of a journey!
DYOR, All the best.
15% is a huge amount of shares that could be cancelled.
That's 1,311,692,329 shares!
Https://www.reuters.com/business/finance/natwest-seeks-approval-buy-more-taxpayer-owned-stock-speed-up-privatisation-2024-03-18/
Back to £4 in the next 18 months would be nice.
Well we have a British ISA on the horizon which may give UK shares a boost. The only issue there is that the current government may not be in power so will it go ahead?
Real,
Is that all about to change? It won't take too much of a shift by institutions to the UK market to send it into overdrive.
So the government want to “create opportunities for a new generation of retail investors to engage with public markets”. According to this article, the MP's and Ministers Pension Fund have only 1.7% of their assets invested in the UK. Smart people.
https://www.standard.co.uk/business/london-stock-exchange-shares-ftse-100-crisis-equities-fund-outflows-b1145526.html
Share seems to be climbing back well after going XD, a pleasant surprise. JJ
Charts says at current rate of HMG sales, extrapolating from 3/1 at 37.97% to 15/3 at 30.98% gives HMG 0% on 25/12. Someone in HMG has a sense of humour ! You could not make it up.
I wouldn’t mind this dropping more, I’d reinvest my small divi
IP3LY unfortunately not 250
Think it will drop more with the US data news
Hopefully only short term
The UK government has reiterated plans to sell its stake in NatWest to the general public “at the earliest opportunity”.
Chancellor Jeremy Hunt said the Treasury wanted to “create opportunities for a new generation of retail investors to engage with public markets”.
Hunt added: “So we will proceed with a retail sale for part of the government’s remaining NatWest shares this summer at the earliest opportunity, subject to supportive market conditions and value for money.”
A previous update from UK Government Investments last month said the retail offer could even start as early as June.
We’ll continue to keep you updated on:
When the government confirms timings on selling NatWest to retail investors
How you can expect to take part in the retail share offer
- excerpt from HL email.
Today is ex-div so you won't get div. if you bought today and hence the drop.
Yes Mo2047 will drop about 4.5% (11.5p) so about 240 mark - before hopefully recovering a couple of % or better back to 250 by close of tomorrow.
ATB :)
Am I right this will drop tomorrow gecause dividend
Fandos.
At this level before the div there will be every chance of higher highs and higher lows as Most of the BAD news is probably in at this point.
GLA
If you buy today you will be in for the div and if you look at the charts the stock usually carries on improving into April.
If you buy today, you are in.
Good luck.
If buy shares today, I will take dividend tomorrow? Or they need more that one day day to short my purchase?