Member Info for Bumble1968

mrJ,
I really only said about 3p as that's what they were paying before Covid, I think it was something like 1.07p+2.14p
I would be happy to get back to that for starters!

Hardup,
Yes, I believe so, but I'd need to look at shares issued each year but I don't think it's crazy numbers.
A 3p annual divi needs approx £2.2 B to cover.

Lti,
See my post of 16.31
All I'm trying to do is point out the flaw in the "I don't want any buybacks" stance.
If there's NO buybacks then the issuing of new shares needs to change otherwise we're all suffering dilution.

Lti,
I know that but that is the problem with the previous buyback, once it stopped the reissuing of shares has taken away its effect.
You need to keep the buybacks working.
Anyway enough said!

Lti,
I'm not against buybacks like some on this forum but if there going to be done they need doing right.
If we have no buybacks, as some here are wishing then the banks can't keep issuing 10's of millions of additional shares because of the dilution of the share price negating the dividend payments.
I don't have the answers, oy opinions but like politics you will never please everybody!

At the end of the day I'll be happy when proper levels of dividend payments resume, Let's get back to 3p+ per year and that original withheld one for starters!
Goodnight all

Yes, if a company is just going to keep issuing shares to suit its own agenda then yes buybacks could be a waste of time.
Really the ability of the company to keep issuing new shares needs voting against as this ultimately leads to dilution.

J46,
See my post of 16.31
Share buybacks are only any good when done properly!

J46,
Let's say there's a company with 100,000 shares, the market cap is £100,000 therefore each share is worth £1, and YOU own 10,000 shares so 10% of the company.
The company then decides to buyback and destroy 20,000 shares, so there's only 80,000 in issue, the market cap hasn't changed, its still £100,000 but now its divided by the number of shares in issue, 80,000 so each share is now worth £1.25.
Therefore your holding (10,000) is now worth £12,500 because although your holding hasn't changed in effect you own a bigger slice of the cake / company.
Hope this is clear!

maldin,
You could argue that the sp is very undervalued at the moment as it has been "battered" over the last few years.
Hopefully we should witness some growth in the sp assuming that the country comes out of covid relatively OK, but we also NEED SOMETHING to get the market to take notice and people to WANT to invest again.

Brixton,
I think any acquisitions should gel with the companies core business rather than trying to expand into areas for the sake of it.
What we don't want to do is try spreading our wings like some of the supermarkets did, going abroad, banking etc and getting caught out.

Lti,
I agree, there's no reason why buybacks and a rising dividend can't be carried out side by side, and nows the time to start with the sp where it is.
Hopefully profits will allow beneficial acquisitions which will add to the bottom line as well.

I personally feel that a combination of all three, acquisitions, buybacks and a progressive dividend would be the most beneficial long term.
If they do carry out buybacks they must continue EVERY year as its no good buying back say 1 Billion shares and then spending the next two years reissuing them in staff bonuses.
Long term they do work, if a company is worth £40 B and its dividend by 70 B shares, if this is reduced to 60 B, each slice of the cake gets bigger.

Darth,
If you have got an open short your a braver man than me!
Lloyds is in good health and most of the sp issues are sentiment driven or people trading the share.
You may well be right, but IMO the new man has got everything to gain here and with a couple of good news announcements could push the sp northwards.

Darth,
See your still nice and positive on this share!
I think I'd be tempted to close that short!

PSK,
He probably won't, but if he did, and came in with a bang it could spark interest again in the stock.
I will be disappointed if SOMETHING isn't said this year, possibly a special dividend before Christmas.
But at the end of the day I'm only guessing!

SUFCESSEX,
Can you imagine what the sp would be if say the money from the probably £15 Billion in "dodgy" claims had been used for a buyback?

Could be a good call, £3 is a crazy price for this stock (and it was below 2)
IMO this company has plenty of good years ahead of it, maybe the glory days have past but there's upside here and the quarterly divi's which I have been happily receiving for donkey's!

To be honest I've had enough.
Gfd you are a liability, YOU have single handily ruined this forum, you say you hate liars, and you are now blatantly lying.
To all genuine posters, Tilly, mac, Ian, and the rest of the decent ones, good luck and wish US all well for the final furlong.
Gfd, I hope you get what you deserve, take that as you wish, pr1.ck.
Goodbye

To bloomin right!, could be a nice result.
I'll have to have a proper look later. (I'm not a current holder)