The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
They really wanted to disappoint you by coming in at 2.25 lol
It is most certainly not a share for the faint hearted.
Unfortunately some of us are locked in due to owning shares at historically high prices.
One has become accustomed to one step forward two steps back!
Eastern-investor, the earliest I could find is the following...
30 April 2009
Barclays PLC - Voting Rights and Capital
In conformity with the Disclosure and Transparency Rules, Barclays PLC's issued share capital consists of 8,384,683,520 ordinary shares with voting rights as at 29 April 2009. There are no ordinary shares held in Treasury.
...
Shares in issue have doubled since. Wow. There were some rights issues I think at some point.
With the SP dropping they should be hoovering as many shares as possible as part of the buy back but that doesn't seem to be happening. If anything, they seem to slowing the pace.
Judging by director regulation posts, they seem to purchase employee share incentive plan shares towards the start of the month so might explain why they move up a bit.
But I've given up trying to read this share. It has an entire life of its own!
Just wondering is it because their shares are so diluted that the buybacks haven't made much of a difference.
How do the shares in circulation compare with their competitors?
Guess it favours the longer term investors.
Less shares in circulation theoretically means that dividends are distributed to fewer share holders and hence they gain a larger percentage share.
With 17bn shares in circulation think they need to reduce shares in circulation substantially for it to make a significant tangible difference.
Still, we live in hope!
They had a rights issue in 2013:
On 30 July 2013, Barclays announced an underwritten rights issue to raise approximately £5.8 billion (net of expenses) (the "Rights Issue"). Under the terms of the Rights Issue, Barclays is offering 3,219,067,868 New Ordinary Shares by way of rights to Qualifying Shareholders at 185 pence per New Ordinary Share.
They seem to take an age to kick off the buyback process. They were into March last year when they started.
You'd think they'd want to hurry and snap up these elcheapo shares!
I've never seen it rise so sharply. Its always been a share price with low mood lol
Aren't these in essence shares that would have had to be issued regardless of buyback given they are tied as part of senior pay packages? Wouldn't that just dilute the share price if they didn't buyback?
They stopped Scrip dividends earlier this year.
Like all companies, dividends can be used to purchase shares.
Ain't no farce here.
If you want shady, you need to look at HSBC. Now they are leaders in that game!
Thought that was obvious
They help the long term investor more than a surfer dipping in and out.
Buying back under valued shares is a good investment.
But when they decide how much dividends to pay in total, they calculate based on shares in circulation. Fewer shares mean greater allocation.
When they distribute the dividend, they will have fewer shares to distribute to. So, you should get more dividends.
Profits are your cake. You don't get to eat all of it.
The investment side of the industry is incentivised by bonuses so if the profits aren't apportioned, employees walk to the next bank.
Those incentives drive profits and are very much linked.
As a shareholder you can't have your cake and eat it.
18 Feb is when they announced they would commence upto £700m buybacks and on 19th March is when they formally declared they were starting. They started buying a few days later.