Member Info for 67Sam

yes im for and your against
happy to see purchases in 40s
but if you object in principle to them fair enough
you want dividends there are higher payers - what is it that makes you hold?

"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 :)

Shyte
67,406,790,000 starting
416,508,047 buyback
66,990,281,953 remaining
Where am I going wrong?

Now there is less than 67B shares in issue.

:)
Im all for fewer shares but we had a bonus that was chance

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.

stef
"if it constrained to X% of the daily volume"
Yes, limited to 25% max of daily volume, fca rule not lloyds.
Hoping 50M plus today as already nearing 200M traded.

" 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.

good job someone here can read properly

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

It's possible that one person is talking about the net average price paid so far in the buyback, 51.9p and another is talking about the net asset value of 70 something pence.

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.

"impossible to fathom"
predictive text / autocorrect
stupid/tepid
not impossible.

hv
look at the post a minute later

"£856,434.32p dividend money saved to date"
suf
Its a tiny negligible amount in the scheme of things, but I agree - shares bought back up until ex div day come with a 1.6p rebate off their cost price. And that's a very positive way of looking at a buyback thats been launched ahead of a final dividend.

"going to be bitter at being financially robbed to satisfy someone else's crazy visions of a technologized Utopia"
ffs I said bitter about the covid dividend.
Doesn't take much to set you off, does it.

flec
I understand the bitterness of losing the covid dividend and the debasement hits much harder if you rely on this for income. I suppose the advantages I see are that it allows continued diversification and repurchases, while demonstrating that it is growing a sustainable dividend that will return to and likely exceed pre covid levels.
I find that an encouragement, given Lloyds is the UK's biggest mortgage lender and we are anticipating a cooling market and higher defaults. Their strategy seems more convincing to me now, than when I first bought in 2016.

https://www.fleetnews.co.uk/news/leasing-news/2023/02/22/lloyds-banking-group-buys-salary-sacrifice-specialist-tusker
LBG diversification plans included acquiring salary sacrifice vehicle leasing firm Tusker.
"The acquisition of Tusker, said Lloyds, will support its ambition to help Britain build a more sustainable society and achieve its net zero emission targets by 2050 or sooner."
Small change at £300M.

lots of 3% instant access savings deals available
lloyds standard saver = 1%
critics have a point