The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"A well published plan does not mean it is a good one" it's up to the shareholder to decide if they are confident, they have the advantage of being able to sell. This is unlike Putins plan.
I hold because I am happy with the outlook and don't think I am better placed then the BoD to lead Lloyds business strategy. Its not perfect, but at less than 50p per share its quite cheap.
I would sell if I was unhappy.
"the money should be used to genuinely improve the business, reduce debt and/ or returned to shareholders"
pays a divi and has money for acquisitions and diversification as well.
there has been endless negativity about it from people who want all the cash now but its been a well publicised plan since the new CEO arrived.
I would be less confident without buybacks because the number of shares in circulation will grow year upon year from new issuances for staff rewards.
"might get a postgraduate loan (to be repaid) for £12,167 if your course starts in 2023, but this has to cover both the course fees and living costs."
grayling, completely agree. Fees vary but you get what you pay for - the reputation of the University.
Im almost amazed how we keep producing graduates, except it's possibly explained by students being either from affluent UK families or affluent overseas families. Education is a meritocracy. Except thats only true between the people who can afford to get there, or who work in sectors where bursaries are still available.
"Do you think Lloyds CEO will bother to worry"
"not even worth concerning yourselves over"
Neither of those, no, but enjoyed as far as I'm concerned, even if it's more of a symbolic than a material gain.
It's still money retained in the company :)
suf
"Charlie boy is a very clever man"
No complaints from me suf, and I like the fact he committed another £2B. But both lloyds buybacks have been lucky to coincide with sharp drops in the sp; both would have still gone ahead if the sp had rallied to 65p. A good strategy that has twice been helped through coincidental crises.
dasp
"last year when there would be days when virtually no shares were re-purchased"
yes there were many days of single or double digit purchases, particularly when the sp was moving upwards. I remember thinking it was pretty damned shrewd, that algorithm.
" wait until the Board have completed its buy back policy and see where the share prices is then."
I agree with that. Moaners are best off pushing the sell button if they don't feel confident its a good company with good prospects.
Investment will be used to develop innovative technology that protects customers' identities and personal data online
Lloyds Banking Group will support Yoti in developing a new, reusable digital identity proposition that will help combat the growing risks of identity fraud
Sounds useful
https://www.prnewswire.com/news-releases/lloyds-banking-group-invests-10-million-in-digital-identity-company-yoti-301766333.html
Tfe
"Citra is doing its best to keep prices up!"
Lloyds did well to put new capital forward to accelerate new building starts. With overall lower levels of supply, and fewer people moving /first time buyers deciding not to borrow at 4%, their strategy could well pay off.