Member Info for CSDI1962

LTI
Only buttons involved for me.
The 2nd bet is £12 per point, equivalent to a £500 or so purchase I would make in an ISA, while building the position.
The 1st bet is £25 per point, a little over £1000.
I am not in the position some are in ... maybe like you .... with much larger positions.
So come on then Mr LTI ... what is your £ per point, seen you are so keen to interrogate.

Don't forget I call myself CSDI with good reason .... presume you have seen what the moniker stands for

GL - C

Now there was a better day, up 43p or 2%.
No rush but would be nice to see a few more positive days.
I think some are looking for PSN to get back over £30, while I prefer a staggered target approach, starting with £25 for one of my 3 batches. Not likely to hit this before ex div, so could be a long haul after the 110p expected drop in mid June.
Funny thing is you never know when the SP will rise (or fall) and how far it can go.
GLA - C

Nice to see a little purchase announced 20K shares @ 42.59p.
A few more directors adding would encourage PIs to do the same

GLA - C

Still practicing with my Demo account.
2nd bet in at 42.9 buy, with 1st bet still open.
Targets set for 1p above purchase.
I wonder how many bets could be opened before hitting a sell target.
Therein lies the danger of leverage and what catches most SBers out.
Strong discipline needed and financial control essential.
The key must be to ensure that your "contract value" does not exceed funds in account, while many are lured into taking our bet sizes bigger than their funds held on deposit.
GLA - C

Newdealz

I love the charts - but not sure of how to read as I am COLOUR BLIND - honest

Cheers - C

LTI - so what have LLOY spent so far on this buyback - average 46p or so. ?
Could have got 10% more buybacks if waited for SP to drop to todays level.
Most buybacks are blind to purchasing at best times - not one was buying back when we had 40% market fall in March 2020 due to covid. They all wait for SP to get much higher then waste the money.
History says buybacks are conducted when markets are high, rather than holding onto cash for longer term, and buying when SPs are rock bottom. All of us PIs will be buying when markets crash , if we can, but there won;t be any buybacks happening then. None of it makes sense to me

Oops - I am ranting on again

Cheers & GLA - C

LTI
If you support the theory that buybacks create shareholder value - how can you argue "why would you see any material gain"
Clearly the SP moves every day by any number of factors - nothing to do with buybacks.
So why waste company funds on a buyback does not produce any material gain !!!!!!!!!!!

If you argue that buybacks increase the "value of the shares", why agree that SPs move irrespective of buybacks.

Sorry to be a pain in the A-RSE but buybacks just do not work for us (in the FTSE100).

CSDI - time to give it a rest - you're like a broken record LOL

Cheers & GLA - C

SecretBlue - that is true - but vast chunks of dividends are sheltered from tax if they are in pension schemes or ISAs.

Institutional Investors (eg like Scot Widows pension) - make their money from commissions on what they trade.
They do not benefit if an individual pensioner profits or loses on their shares. But they make money from commissions by holding over time and transaction costs on buying/selling units or shares. They even make money while the stock market crashes and then make more when the values go back up by charging a %age on the portfolio value. what do they care LOL ?

A bit like Financial Advisors really - who make money whether you do or not - out of your investments.

A bit tongue in cheek - as this will not apply to all IIs

So what a waste of money the buyback is.
Bought back 1780m shares so far and given away 585m today for deferred bonus plan.
No wonder the SP gains no traction from buybacks.
Just wish they would spend the money on a special divi
Sorry to bang on, but when will PIs learn they do not benefit from buybacks - it is all an illusion where the only beneficiary is the directors via bonus plans. Why do they get bonuses when SP continues to disappoint ?
Enough - time to get off my soapbox - and agree to disagree with all those who believe Buybacks reward PIs.
Cheers - C

Anyone hazzard a guess where the bottom will be ?
Another few pence down today - a relatively strong performance compared to the FTSE 100 today.
Not that daily movements matter if you are a LTHer.

Will we get a bounce back for the 110p divi (16th June ex div date) or is it a case of sell in May and go away ?

GLA - C

I will go for 117.9 please.
The trend is against us at the mo.
The tide will turn in due course.
GLA

Steve - That's impressive hitting the CGT allowance already - we are less than 5 weeks in to the new tax year !
Not a problem I have ever had LOL
Nice one
Cheers - C

Morning Costa

There was a good group of us, Jerpy aka Onelittlelamb, Joc, Peterd58, and about 5 others I can;t remember names for.
Jerpy made a fortune on GKP, but will be unhappy with the Rams demise. I've been to a few more F1 GPs thanks to my best mate - including Bahrain, Singapore, Hockenheim, Monza, over the last 6 years. Disappointed that Spurs derailed Liverpool last night. Still playing my chess, and now have 6 grandchildren, and two boys still at home (age 26 & 20 now).
Mrs CSDI working less hours now, and I am still playing with numbers in the abacus factory.
Are you still working and following the Bantums ?
Take care, cheers - C

Hi Costa

What happened to the MoS Breakfast/Sport/Chatroom ?

Cheers - CSDI

oops - lots of grammatical/spelling errors in that post

trashed = crashed
hear = here

Fleccy

RBS/NWG did that when the SP was 25p ish - and did a 10 for 1 swap. All because the big heads on the BoD didn't like the idea of being a penny share !
Another bank share that has trashed since I started investing in 2004.
I bought RBS in 2007 for about £18, then immediately they did a 3 for 1, so the SP came down to below £6.
Goodwin shredded it to death with the Dutch bank deal and before we knew it, there was a RI at £2, and then the crash down to below 30p.
Great for RBS that they got bailed by governemnt while Bradford & Bingley was allowed to die.
I had a very painful inititation with bank shares, having invested in 2007 thinking nothing could be safer. How wrong could I have been LOL.
Still hear to tell the story ... with many painful lessons learnt.

It seems to me that UK bank shares should come with a "government wealth warning" similar to tobacco's health warning LOL.

GL Fleccy
Cheers - C

Muchaboutmoney

Of ccourse I would take £100 off you in exchange for 75p.

The problem is Mr Market is only offering 43p today.
While the NAV may have been 56p at year end, todays NAV could be very different and clearly the market is worried about potential downturn due to inflation and geopolitical issues. LLOY will do well with margin rate increases but suffer where customers can't afford repayments due to cost of living increases. I've suffered a near 100% increase in gas and elec tariff since January, and fuel up about 19% in the same time. Something has to give ...

sorry you will never convince me with buybacks .... I prefer a tangible dividend

GLA - C

Rob - nothing strange in wanting a SP to drop. It's what all investors should want when tey are buying !

It's only sellers that want a rising SP.

For every buyer there must be a seller ....

Steve - not sure if I will have any fresh funds to add but will certainly use the DRIP scheme which will give me an automatic increase of 5% of shares if the SP remains around £21, for the forthcoming 110p divi.
Like you I am looking forward to a longer term rise in SP, but in the meantime we may suffer a bit.
I remember buying PSN in 2007 for about £7 and seeing the SP drop into the £3 level during the financial crash.
PSN has come a long way since then, and hopefully has much further to go again.

GLA - C

Well hello Cassabella aka Costabantum

Long time no hear. The MoS chat room died many years back when they messed up the system upgrade. I've nver been able to get back in their chat - always great fun compared to the dross on these BBs. My fave chat on here is the "Red Braces Brigade".

From my POV I have been running down my SIPPs to pay off debts and mortgage, and only have a small amount left.
I have put a bit in an ISA with just two shares atm, PSN & POLY. The ISA will have bits added over the next few months so I can stay interested/invested in shares, with the majority remaining being used to clear the highest interest rate debts.

how's things with yourself ?

ATB - CSDI