re buybacks24 Aug 2018 19:15
at the end of the day the net change in shares outstanding has been reduced to virtually nothing. We have share awards press,,able at the same price or a discount to the current share price which is good for recipients and sucks for us. We perversely see the price rise once UBS has finished I certainly don't believe that the repurchase programme propped up the share price for one second. I mentioned this in the past thanks to the FCA and UKFI Lloy is now a uk centric banks so its not rocket science to connect the dots and link Lloy to the prospects of this country over the next few years ahead. This of course makes it excellent shorting fodder for the hedge funds which have their algos focussing on the constant dubious mood and gloom messaging as spouted by the Brussels puppet remoaners and the media sidekicks. It therefore matters not how well Lloy is actually doing as to would be shorted as a proxy for UK plc. To some extent one could argue that Lloy could go to a PE of 1 and it would still matter not as it continues to reflect the poisonous bilge pumped out be the Remain camp. Computers as yet cannot distinguish between truth and fiction, which seems a point worth remembering. Rightly or wrongly Lloy has been made thanks to UKFI and The FCA a poster boy for the Brexit process and such will reflect progress or the lack of it over the months ahead. I would venture that the current sp reflects the media's growing obsession with the "no deal - armageddon scenario trumpeted by the architects of Project Fear Mark Carney, George pay check Osborne and Philip Hammond. Project Fear has been discredited time and again and will be so again. Said before the EU has more to lose than we do and to assume they have not clocked that is naive. They have beens stoking the divisions in this country the same way as Russia fomented unrest in this country in the Seventies in an effort the break the resolve of the people and the democratic process which has brought us to where we are now. For the EU the price is high, very high as our departure will mean the departure of a set of "broad shoulders" needed to continue to carry a collection of close to bankrupt Member States. Its very clear that when the collection plate come round nest time France will pretend not to see it while Spain, Portugal, Italy and Greece will be taking buttons of their shirts hoping that no body will spot it. That leaves good old Germany- call it Karma