Member Info for 67Sam

"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"...

0.9p interim and 1.8p full year, no special.

"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.

Said Gaz the grumpy pensioner who cant tolerate other peoples success.

"10% Return for me and LTI we have low 20,s average."

I think this bit is fact and the rest is optimism. it doesn't hurt anyone Gaz.

"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.

Best to note that its

"Set to jump by £500 for one million households"

.....by 2026.

"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.

I think LTI is quite partial to an evening out for a pint, now and again. Good to see others also missing his posts, considering the relentless criticism he receives from some when he is here.

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?

Reckon the ubs driver stopped off at the pub on the way home. must have got depressed over the block listing

Flec

thats excellent, 10% reduction in share count

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/

I can only imagine that either

a) You get paid for repetitively interrupting posts and spreading nonsense on chat forums, or

b) The collective trauma of the pandemic has affected a section of the population so badly, they have turned into a kind of living dead. These people are detached from day to day reality and forever stuck in conspiracy expose mode whilst pretending to be saviours from doom for the rest of us.

If the SP was to climb no higher than it is today, over the next month or so, it would be a total of at least 4.4B.

Seany

It's all conjecture, but I am more optimistic than "this will be another decade to see any sort of real return". I think it has a bright future, therefore I am content to hold.