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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
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
This is being driven down to trigger the auto trades and create artificial bad news up until the 29th announcement, by that time the big boys would have moved in and scooped up at a low price. The SP will then go mid 50's with a nice 20% gain.
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bobf...............................................1,045,168 shares avg 41.04p
Southcoasterbather......................15k pp
helu...............................................520,624 Shares
Pantherax......................................500,000 Shares (Ave Price 57.56p - Down £62,247.06 today)
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