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"What about it being down from 89 almost half its value."
What about 89p being a short lived spike in May 2015? It was the highest it ever reached, over more than the last ten years . You are grasping at straws.
"What about the SP being down 30% from year high???"
I dont recall the SP closing higher than 53.87 this year, which is 15% above its current price. Where are you getting 30% from? The last time it was 30% higher was start of January 2020, ie 60p pre-pandemic.
"Banks shouldn't have to justify their interest rates any more than Tesco's should have to justify their Hobnobs"
Absolutely agree. It's also true that Lloyds have made huge increases to their savings rate since the banks had a "bit of a talking to" . And they made it easier to renew accounts on line. Plus a one year bond at 5.45% is competitive https://www.lloydsbank.com/savings/online-fixed-bonds.html
"Question are shareholders really benefitting from this!!"
The purpose of the buyback is to reduce the share count. The SP has reduced steadily since commencing the buyback. This means we have bought back more shares than had it stayed level or increased. If you dont agree that this is a benefit to shareholders then write to teh BoD and maybe get a few here to sign your petition. No-one thinks a buyback will lift the SP amid all the current macro uncertainty. But the reduction in share count seems essential if this share is ever to lift significantly in the long term. If you feel that this buyback does not benefit shareholders then what is your counter argument? Please dont say "spaff it all on unsustainable dividends straightaway instead"...
"Thoughts"
UBS driver sees a third of the year still left with £350M to spend. Thinks ... mmm SP recently spiked, but theres every chance it may fall again. No need to rush in and blow the £0.46331 av. cost. This could all be spent in a couple of weeks at the right prices, so let's bide my time.
"So you are making your investment decisions based on what someone on this board is telling you? Really?"
Personally I would not based decisions solely on this boards advice, but I do take notice of a few posters. Added to Legal and General this year, partly on that basis.
"don't see additional risk!!"
good luck Seany, i dont hold miners myself. Always seemed a cyclical share to me, very sensitive to changes in global demand. keep your eyes on them, as when they drop they sure can drop fast.
"just goes to show a small positive shift in sentiment does wonders"
Yes i agree, I think it bodes well for the speed of lloyds sp recovery when macro risks start to ease.
Ls
"Lloyds screws shareholders again"
Why so? They risk losing substantial deposits if they dont provide some increases. I was quick to transfer my fathers cash ISA out of Lloyds last month, to improve on the 1.15% interest they were paying him. He now gets three times the interest and his old Lloyds account was not included in todays rises.
Carltt
The average cost per share has steadily reduced and now stands at 46.462p. This is almost 10% lower than the first purchase at 52.02p. I think the algo performs well and the long slow decline in sp since it commenced is absolutely the perfect scenario to maximise the value of a buyback.
Looks sweet as a nut, to my eyes :)
Https://www.theguardian.com/money/2023/jul/04/renters-protest-against-rampant-profiteering-outside-landlords-convention
Busy day huh Carllt
Mm
"Not everyone gets the chance to build a big pension"
Women tend to have less pension and more time out of work, because of childcare.
Aside from them, and the long term sick, who else doesn't get the chance?
Schroders forecast 6.5% peak
https://www.schroders.com/en-gb/uk/intermediary/insights/uk-should-brace-for-6-5-interest-rates-here-s-why-we-ve-raised-our-forecast/