Share buy backs have never ever been in share holders interest its smoke and mirrors.Any temp increase in price is quickly wiped out by any bad news unfortunately Ukraine is a text book example.Share holders want the money in the bank to spand as they see fit.They dont want to have to seel shares to get at the pennies !.Board members are rewarded at times by share prices on certain dates which makes them go for buy backs.To be fair this Gov has interfered also a lot with Banks and oilers telling them not to pay out money owed to share holders lloyds is a casing point .Lloyds have had to pay out or with hold money to fradualent PPI claimnets and then due to covid and now yet again they are being told to go for buy backs as it just lloks better on the BBC and channel 4 news. rant over but everytime i here buy backs u know HMG , BBC and wokey causes are in the lime light.
I think the sudden drop yesterday was due to an article I read saying the Russian Gov wont allow any companies too liquidate their assets in Russia which may be a good thing if we are loosing £25B !!! ? .Have not seen the french oil companies offer to sell up and Mobil have worded things very carefully implying they need to withdraw gradually to ensure the integrity of the oil assets .Which in short means say the right thing do nothing and hope it blows over and keep their assets.Why are HMG so happy to dump on UK companies and make uk share holders foot the bill for others incompetence and lack of leadership all the time ?.The US would not do it certainly not under a republican Gov, Biden is half the problem at the moment, Putin cant believe his luck , lions led by donkeys spring to mind on Both sides !..
Forget Ukraine this is yet another kick in the teeth for the long term investors and would not of got a rise in sp .There was no reason why a special to refund the withheld money from 2020 could not have been given ! I suspect HMG has its fingers in the pie yet again , every year there is yet another reason why share holders cant be seen to be given a decent divi.The board are the only ones gaining from the £2b buy backs thats money can be wiped out in sp drops in a day on any bad news .We want our money in a nut shell, only then will we decide what we want to do with it.When I do get to 66p im selling the lot now as they are taking the mickey year after year of jam tomorrow I have learnt my lesson. There will always be some sob story why it sthe right thing to do to withold dividends or give money away to fraudsters.Enough said, christ knows what year no 11 , Gov BOE ,Channel 4 and the BBC will let us get to 66p or get the divi we deserve .
Lets hope we hear no more woky nonsense from the tree huggers now and BP & Shell are encouraged for once to get the max amount of Gas and oil from UK waters /Territory etc, and individual investors are not considered by the BBC and channel 4 as scum to be taxed as much as possible.I think the falklands war was to protect UK oil interests in the South Atlantic about time thatchers war and all the lives lost are justified.
Me thinks this may go up on the back of the Ukraine news ? who knows but fags and booze have made defensive stocks in the past .No doubt there will be a reaction in the markets ,hope my Shell and BP bounce back too today .
Do we haveany idea when the split final date will be announced. Not sure im too happy about it , how is getting far less divi progress ? more like an asset stripping exercise by hedge funds .I hope they do bounce up as I will sell a chunk to hedge my bets .
Its share buy backs I really hate.I personally want the money in the bank to pay my bills etc and enjoy .Buy backs might raise sp a while look at shell recently with its billions in profits.Sp goes up a bit then suddenly there is a change in news and market conditions and its down again. Any gains are quickly lost unless you quickly sell and have to pay transaction fees. I would rather have the cash to do with what I want .I think we may get 1.5p maybe 2p MAX plus some buy backs to please the media and HMG. I hope i am very wrong and pleasantly surprised once in my Lloyds share ownership experience.
I have been a loyal and some would say stupid share holder in Lloyds since the banking crisis .I have lived thru the things will be much better once we have sold all the HMG owned shares , I have lived thru our once great leader saying PPI payments would be ONLY £3B max ! and paying it was the right thing to do. Think how much divi we have all given to fraud PPI claiments !!!. Then once we got back on track and I think we were getting around a 3p Divi at last, bang HMG stops the banks paying out the divi due to covid, and holding back the divi was the right thing to do ! like fudge it was !!!.USA banks said stuff u and paid their full divi to their loyal share holders .Then I think our great once chairman said that 2020 Divi money is being kept safe for you and will be paid out latter when things get better. Well covid is gone and I for one want my dam divi stolen by HMG back in 2020 before we even talk about the no doubt poor 1-1.5p that will be offered this time. Now it will be all those nasty millionaire Lloyds bank share holders getting rich on the backs of people suffering huge cost of living costs right now just like the multi millionaire Shell and BP share holders have done .Well sorry I suffered 15% mortgage rates in the 1980/90's etc and the Tory chancellor saying unemployemnt is the price worth paying and if it aint hurting it aint working etc etc .Then Nobody gave a fig about us and u lived and died by your own achievements.If you borrow money its got to be paid back end of story, blimy I would of killed for 1-2% interest rates then . .Now its all gone wokey mad and the gov is more concerned what channel 4 and the BBC are saying than the poor people keeping the companies alive by investing in them .I hope I am wrong but I doubt we will ever see the money stolen/withheld in 2020 and we will have a daft share buy back smoke screen instead like the oil companies instead of a real decent divi as it looks much better to the BBC.If we get 4-5p that is what we are really actually owed ! its our money ! time will tell , when we get 1-1.5p I wont be surprised as I am sure the CEO will get well rewarded for doing the Gov bidding no matter how its dressed up..
Whilst I realise we have 2 bigger and 2 smaller divis does anybody think they may try and increase the smaller 2 divis once more in time ?, I like 4 divis a year but im not too sure even why they have 2 bigger ones and 2 smaller ones rather than than just a bigger final etc and 3 smaller equal ones ?.Anyway its the GSK final big one coming next for me so once that goes ex divi i will get some more of these, so if the IMB gods can tread water in Feb before rocketing up in march it would be appreciated.
Whoops spoke to soon shes going down, lets see what happens the next few days , anybody make a profit selling before Ex Divi date ? or is it all a matter of hind site is a perfect science etc etc , lets see what happens over the next few days .
Well the way the markets react saying oil price crashes I was expecting $40-$50 a barrel, its still up at $90 which means BP / Shell etc must be making a few bucks !!! which all we care about really despite the yoyo ride.
Well she stayed up yesterday just so I suppose thats a plus for going with the divi at least on this share.
Glad to see im not alone alwaysabeliever, I see the madness on the news how Oil companies etc are paying back huge amounts to share holders when really we are getting only back 50% from 2019 levels ! the media never say that or more importantly never say great big results mean extra billions getting taxed at a special vast 40% tax rate which goes straight to no11. Personally I would rather have a full divi than a meagre 4% increase and meaningless share buy backs on my oil shares .Anyway its fags that matter now fingers crossed after 16/2.
With all the buy backs etc one would think the sp would at least keep up with its peers like BP .Do we think our leader selling a few million pounds worth of his own shares has got investors nervous ? Just wish I had a few million quids worth my self to see , if he just put the divi back where it was pre covid we might see a more positive reaction, im certainly tired of all the miss reporting not picked up and reading in the media how us share holders are all rich multi millionaires living off the back of the poor and should be taxed even more.Have a good week everyone.
I have just re joined LSE having left last year after getting very tired and bored of the constant amount of abuse posters got on various sites like Lloyds GSK, Shell etc etc if one ever criticised the leadership or suggested something different to any main stream views... I was interested therefore to read peoples theory's on selling before ex dividend etc here and buying back later .Must admit I have just bought a chunk of shares here for the dividend and will sell some GSK once they have gone ex dividend to buy more of these as the divi is now better. GSK was a stable divi but personally I dont like the idea of the pending break up and have little faith in the Dame running the show . Being retired I like the dividends as 0.1% interest in a bank account etc dont pay the bills and like most people I like the hope/Dream of a constant divi amount to live on .To this end Does anybody here think the dividend in 2022-2023 will go back over £2 a year as in the past ? or is the new Management strategy going to be to consolidate ?.In my own opinion Covid19, Green washing, Wokism and media opinion etc etc seems to be a wonderful smoke screen/driver for companies like BP, Shell and many others to cut back on historic dividend levels no matter how big their new results are .Wait and see the back lash against the banks in a few weeks and how normal working share holders are bashed for daring to buy shares in the companies to just make ends meet..10 years ago if I put £10k in a building society at 10% interest and got £1k interest a year that was ok nobody would say anything it was good business sense..If I put £10k now into Shell/lloyds I am a rich multimillionaire abusing poor people and should get all my dividends taxed further !!! The world and wokism has gone Bonkers ! .The wokey tail is wagging the dog .Anyway roll on ex divi day I think the share price will stay up personally but time will tell.But here is a question if I am totally wrong and loose half my money !!! will the moaning press demand the government bail me out ?? ? I dont think so !.