Member Info for 67Sam

Hi hardup

This year the upward trend started in Feb 24, it went up and then down about 5p after the end of the buyback in 2023. Given the ex div for 2/3 of the income is in April dont you think that was an influence? The year before it did rise after the buyback and the same again the year before, except it then fell in Feb 22 with Russia invading Ukraine. At each of the last three end of calendar years the SP has been in the mid 40s. I wonder if this year it will be four in a row? Regards volume, HL figs say 115,216,863 shares were traded yesterday. Is the buyback not a significant part of this? When that demand is removed next week, will other buyers maintain the same volume?

Lti

"Buybacks do not determine the market cap"

You're right, they dont. But they do artificially inflate the level of demand in the market. Now I could be proved wrong, but after tomorrow when that extra demand is removed, I also suspect the share price might roll downwards a little faster and a little further. There are only ever 3 possible scenarios and I think down is the most likely one from here.

"Following this decision, the only option left for the lenders is to apply directly to the Supreme Court, which will first consider if it needs to hear the case."

Https://www.cityam.com/motor-finance-court-blocks-close-brothers-pathway-to-supreme-court/

“It is of the view that there are no arguable grounds for appeal in the present case, which was the clearest possible example of payment of a secret commission to a fiduciary. The law in this area is well settled and in no need of any further clarification,” the court added.

Oh dear.

Stagecoach - "its completely unpredictable"

Wideride96 30p

Nucky T Low 30’s

Fakey / Market-Dealer 35p

OffMessage 40p

LeeRex 42p

PrimeTime 42p

Shabz83 44p

67Sam 47p

Anyone else want to guess the low? Of those willing to guess, I expected to be among the most pessimistic; it turns out that I'm the least :)

Fakey 35p

OffMessage 40p

LeeRex 42p

67Sam 47p

Anyone else want to guess the low?

Xwave

"I ain't got any anxiety. Just wanted to know who he was referring too"

Ah ok, good that you're not worried. I assumed it was you, only because no-one else was in the thread.

47p

Sim

"suspend the share buyback after the court decision"

The buyback was largely completed already and the remaining monies would be immaterial to the overall car scandal cost, already estimated by some at £1.8B. Surely the first real test will be in Feb 25 when they have to decide whether they can afford to continue buybacks next year? Personally I dont think they can afford not to. I didn't interpret the continuation as optimistic, I think its far too early to gauge. I suspect they feel pretty stupid for not seeing the risks more clearly. As for the market, the share price is still sliding, even with Lloyds buying back 50-60 million shares a day. All the gains made in the last six months have gone. What do you expect will happen to the share price when the buyback is concluded in the next few days? I may be wrong and overly pessimistic, but I suspect this will be back under 50p fairly soon.

Xwave

Wouldn't a couple of quid subscribing to a good VPN allay any anxiety?

Hey Seany

"Constructive answers only!!"

I ask myself all the same questions as you do. I get most of my confidence from Lloyds having an aggressive buyback policy. I cant see any other better strategy, but it will take time. The rental properties seemed a bit of a wild card, although in reality are a sensible and complementary diversification. But without suddenly becoming an investment bank that generates dramatically increased profits, the only way I can see them lifting the share price significantly is by steadily reducing the share count over the coming years. I get a state pension in 2034, if I live that long. Maybe having fewer shares in issuance while progressively growing dividends will mean Lloyds are well over a quid by then? I could really do with some meaningful growth long before 2034 though!

Would that be Andrew Bailey governor of BoE discussing interest rates?

Or David Bailey recounting his lust for Jean Shrimpton, later credited with starting the swinging sixties?

Simple

Yeah i get the principle, but in reality people want to drive away the car away there and then, so I think it is unnecessary nannying.They all know full well they could pay a deposit, go away and sort a loan with their own bank or any other lender and pick it up the week after.

Stick

Odd that you post that question here when there is so much information available on the web from more reliable sources? However supposing your actually genuine, here goes:

You want to buy a car and the salesmen says, "I can also arrange a loan for you". The Court of Appeal said that the salesman is acting as a credit broker, and that means the lender "owes a liability" to you if the salesman doesn't mention they are getting paid commission from arranging the loan. Some people complained when they found out commission was being paid to the salesman and also the salesman only offered them one loan instead of giving them choices. So the court decided that wasn't fair and said the lender should have ensured the customer was told all this by the salesman. They decided the lender was at fault and should repay the commission to the customer. They think it's unfair because the salesman should have been very clear with you about the commission they were receiving. They also think they should have advised you there may be better credit deals available elsewhere, even though the salesmen couldn't actually arrange these for you there and then. Funnily enough, the lender thought this decision was a wee bit harsh and decided to apply to the Supreme Court to review the decision. That will happen late next year. Meanwhile lenders changed their practices very quickly, but alarm also spread further because these sorts of deals are commonplace in other sectors and not just confined to people selling cars. So all in all, it's a right old pickle. Happy for anyone else to improve on this, or you can just look for yourself like I did.

42p average. Not much profit, but some way to go before a loss.

Sorry for wishing bad things on Bob.

Brixton has his good points but is ultimately just a non invested spooner with a pet fish. At least hardup provides a service by reporting the buyback, and he does it every day, thanks or no thanks. STP, you just snipe from the sidelines like a parasitic worm.

Griz

"The only thing I can see is just another opportunity by no win no fee lawyers"

Plus a depressed share price for at least another year, enabling a cheap 2025 buyback. Assuming they can still find a spare £2B. I dont think car buyers were cheated either, stupid ruling, still a chance it will be overturned.

"No more bollatics"

haha mararab, bollatics is the most popular topic on this board and presumably its easier to argue relevance because Lloyds is a bank and not an ice cream manufacturer. I wondered what was feeding everyones confidence over a Trump victory, as all the reports seem to indicate a tied vote. My own guess is women will make slightly more of an effort to turn out and vote than men will, so Harris will win by a slither. Trump will immediately claim foul play and then spend the rest of his life whining and sulking inside Mar-a-Lago where no-one can dissuade him of his warped view of the world.

Garydav

"I posted the full article on the Clothes Brothers chat"

Excellent, just read it, thank you.

Hu

many thanks for reply, i expect they allow one or two articles to be read each month but I must have already exceeded the limit.

I think the observation that this will affect many other areas of consumer lending and risk a new credit crunch is wise, it was sort of touched on earlier in the week here https://www.ft.com/content/cba818b5-1e28-416f-a20e-bd8103881c0f

I hope the supreme court are open to a "quiet word"