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The staff shares would be proportionate to the share price. Higher the share price, the fewer shares issued under share schemes and incentive plans.
With thr recent historically low share price, it is somewhat skewed.
Surely the share plans are linked to the share price. An increase in share price will diminish the impact of issuance of new shares.
They've been cheap as chips for a while.
I didn't think I would need to explain this on a forum of budding investors.
Units were not specified but assumed. If it needed to be spelt out, budding investor might want to take up fishing instead.
Based on years of experience, the share price in 2025 will be n.nn. Where n.nn is exactly when you do not want it to be.
Buckle up is my best advice.
Https://www.londonstockexchange.com/news-article/BARC/3rd-quarter-results/16178762
It's a longer term strategy to reduce shares in circulation. Ultimate aim is to drive up shareholder value by driving up the share price. Its still a profitable company so profits can be distributed to fewer shareholders.
Well that's the theory lol
In simple terms, if they've taken circa 2.4bn shares out of circulation doesn't that mean they don't have to payout 2.4bn x 0.027p on dividends ie £64.8m? Plus the predicted 5.4p dividend next year, so a further £129m.
Oh Barclays, why you do this to me.
Of course all of my dividends have been reinvested at the highest possible price and now the share price tanks.
I was thinking about how upset I should be about all these extra block booking shares covering employee share schemes.
Employees aren't getting these shares for free. They are buying them at a discount and gaining some via tax scheme benefits.
So whilst the share pool is becoming diluted, it is not because of the company just handing them out. A significant portion are actually being purchased.
Is my understanding correct?
Wonder if they have to reserve those shares because most scheme's require all the payments to be made before any shares can be released to employees?
Also, if the share price tanks at maturity generally employees can take the cash instead of shares.
The incentive plans have different rules.
And that's why we're poor!
So if I'm reading this right, 170,715,644 fewer shares that no longer will be subject to dividend payments?
17Bn shares down to eventually just over 15Bn should start to impact how much dividends/buybacks they allocate.
To be honest, not sure why anyone would want to risk investing in banks. They are both volatile internally and are also impacted by slight changes in the general economic forecast.
I'm kinda stuck because of old historical investments.
Don't they typically with what they give in Q2 as making up one third of what they usually give as a whole? Thereby making it 8.1p for 2023?
Good work pulling this together.
Do we know why they did the rights issue in 2012-13?
I'm kind of interested as to why they announce ex dividend so far ahead. Surely it just encourages fly by traders rather than long term investors or am I just far behind the times!?
Suspect there might be a conflict of interest if they handle the buying of their own shares themselves including potential influences of insider knowledge.
There is an element of impartiality if someone else handles the process.
Guess you might be sitting with a dividend of 2.2p vs 2.7p given that they now have fewer shares to distribute dividends too.
I called it!
History dictates that if they publish record results, the share price will go down.
If they publish lower results the share price will go down.
This share price has a personality of its own and many have been stuck waiting forever!