Member Info for bobf

Longtime investor,
Yes I see your point, lets all hope those in for the long term see a reasonable dividend and the shares get back in to the 70'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.

At this rate we are looking late August when the buy back is complete

"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 !

Does anybody know what percentage of the £2b buy back we are at. Last time I looked we were sitting at around 55%. Hopefully with the reduced SP over the past couple of weeks we should be up in the 70% range. Gut feel this SP will only start ramping up when the buy back is completed.

I would estimate Lloyds SP should be around 62p. That's including the buy back and based on their future divi predictions. But like everything there are only two things certain in this world you'll pay tax and die.

Hi Livestock,
I agree a dividend is always cash in the pocket, however at the current SP and with £2B buy back I feel this will be beneficial in the short to medium term, especially if you own a large number of shares.

Like everything Time will Tell. :)

Hi All

There has been a lot of posts about the pros and cons of the buy back, at the CURRENT SP I think it will be beneficial to the everyday investor like most on this site. You might find the following link very informative to explain in detail the fats of a buy back

https://www.sharescope.co.uk/philoakley_article18.jsp

SUFCESSEX

Agree, there must be something going on with this current SP. The SP seems to be ranging, by coincidence (HA HA) between an ideal price range. To release more shares the price takes a convenient drop of around 4%, blamed on imminent UK recession or Ukraine conflict, only to bounce back to a reasonable price. Lloyds has passed all the stress tests and making a good profit with stated dividends around 6%. Time will tell

It will comfortably pass 44p when the buy back is completed.

This share will only see some increase when the buy back is complete which will be around late August at the present rate of progress. There is manipulation at play here holding the SP under 50p

The money men must be at work here. They are running out of shares to buy back with over £600M + to spend, because folk are holding out for the dividend payment. So you drop the SP to trip all the automatic stop loss prices to trigger. They are scooped up. Then you create fear that the price is about to drop further, use Putin and Housing market etc. They then buy back even more on the depressed price. Nearing the dividend payment the SP rises to prevent folk buying up to many. Nice trick

Livestock

We are at around 37% of the buyback with over £600 million to go this is a big financial operation. I agree with jam tomorrow, I'm in big with Lloyds starting from 2009 buying up shares at daft prices. As a result my approach and outlook may be different from short term investors. I firmly believe after the buyback we will see the mid 60's. Putin isn't helping matters in the banking sector but thankfully Lloyds is not involved

There is no doubt market manipulation with Lloyds, once the buy back is complete around late July Lloyds will move north to mid 60's. The buyback since its start and in the short term future prices is better than predicated

Very Very true machiismo and straight between the eyes !

The youth of today are living in unfair hard financial times. It was so much easier buying a house and having a family with holidays with only one parent working in the 80s. That is now impossible for the youth of today with the ridiculous cost a child care, even with the very low interest rates

At this rate of progress based on say 20 trading days / month we are looking end of July before the buy-back is complete.
We can only hope that Puke-Tin is wasted and we see Lloyds return to a respectable SP.

After 10 trading days, buyback complete to date:
Total shares............................................................552,650,377
Total cost inclusive of stamp duty... .................... £248,617,864.84
Percentage of £2 billion buyback completed.......12.43%

At this rate of buyback we are looking at approx 1% day this will take several months. Lets hope the share price stays low for maximum affect
After 11 trading days, buyback complete to date:
Total shares............................................................509,427,795
Total cost inclusive of stamp duty... ....................£229,165,530.95
Percentage of £2 billion buyback completed.......11.46%

Totally agree I have increased my portfolio considerably over the lows and flows and always bounced back. Lloyds is in good shape now and once the nut job Puke-tin gets wasted we can all move on

Is it just the conflict that has caused this rapid drop.

Hi Asperger

Would you share where you find this information.