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The SP will soon be back in the buy - back average range 44.5p to unload the last 15 % of the buy back fund. I have been waiting in the wings for this, should make a good killing after getting out at 49p
**The SP will be down to the current SP average over the buy back period. The whole thing is crooked, just play the game.**
If true, Why other stocks have fallen as well ?
Nearly there !! SP average during Buy Back around 44.5 P. I predict next Wednesday.
At this rate of average buy back price Lloyds will have around 67.5 billion shares in circulation, completed in side the December end date. They have done a great job with (holding down, opps sorry !!! ) the average price at around 43p whilst completing the buy back. The true SP will come out after the buy back.
There is a very effective method for every day folk to make their point about excessive energy prices.
The only problem there needs to be around 2m folk to switch on a 2km appliance at precisely 6.00PM for 10 seconds. This will effect the national grid power frequency 50Hz and show the little people have the power to disrupt the national power supply.
Hi guys
I notice there has been no change in the total number of shares in circulation for the last couple of days, I may have missed a post, does this mean the buy back was based on total number of shares and it has reached that amount and the buy back is complete
The Buy - Back is around 70% complete leaving around £600m to spend. The shares in circulation is 68.7 billion at this rate and with the current SP in low 40's we could get in to the 67 billion shares from the high of 72billion. Can we expect a reasonable dividend and increase in SP.
Longterm investor,
Yes 80p seems a long way away and agree it would need to be around 80p SP figure for the BOD to pick up the phone! Since this buyback started the SP seems to be fixed in the 41 - 46p band, I apricate there are other factors, including war and govt issues, which are major of course. I still have a gut feel after the buy back we get in to the 60's.
Some comments please, with the buy back well underway and reducing the shares in circulation by approx., 5% to around 68 billion coupled with the current low price of around 42p this gives us a market capitalization of approx.. £28 billion this is a significant reduction from pre - covid days. Barclays MCap is around £24 billion, if we go much lower what are the possibilities of a take over.
"Percentage of £2 billion buyback completed.........61.18%"
Umm by the next Lloyds announcement on the 27th July the buy back should be nearly completed and hopefully add to the good news of a healthy interim divi. Fingers crossed !