Member Info for fleccy

Across all my investments, I was up £7,116.84 on the 11th Feb, at yesterdays close I was down £29,382.29, and currently down £13,918.53. The markets are unbelievably schizophrenic these days, but so is the world lol. No doubt some will make a lot of money out of the current situation; Lloyds is a case in point, closed yesterday at 46.55p, and now up around 7+% near 50p. I'm wondering if the share buybacks are lifting the price today, you'd think Morgan Stanly would stagger the purchases to keep the price down. What I find Ironicis that they've released an RNS for Block Listing 57,000,000 shares, same day the buyback's start.

"Application has been made to the Financial Conduct Authority and the London Stock Exchange for a block listing of 57,000,000 ordinary shares of 10p each in Lloyds Banking Group plc (the "Company"), comprising 20,000,000 for the Lloyds Banking Group Executive Group Ownership Share Plan 2016 and 37,000,000 shares for the Lloyds Banking Group Deferred Bonus Plan 2021 (together the "Plans")."

https://www.lse.co.uk/rns/LLOY/block-listing-of-shares-oldxnpwkbmd3u2z.html

"In Ukraine you can buy any gun from a gun shop even sun machine gun"

I bet that gives a fast full body tan.

"Hold a party ?"

Lol, I didn't think of that.

"What else can Boris do, other than sanctions ???."

Unless you want WW3, there isn't much else anyone can do at the moment.

All of a sudden the economics of deep sea drilling might again become feasible. I wonder if they'll start fracking around the Bowland-Hodder area now lol.

Boris has just laid out big sanctions, and even mentioned swift. I don't think swift is currently on the table, but not far off.

"This characterisation of Putin as a fanatic is that of wartime propaganda."

I watched his speech. His posture, the look in his eyes, and the translation of what he said, struck me that he's fanatical. Going to War hith Ukraine is like England attacking Scotland, how would you describe that sort of behaviour?

They should hit Russia with every sanction possible, not this incremental BS. Putin isn't worried about economics, so neither should the West. Economies rebalance, and although sanctions will be initially painful all round, the west should just hit them with everything.

"Get round the table for goodness sake."

They already tried that, and Putin knocked the table over. You can't negotiate with a fanatic.

BT went with Discovery rather than DAZN. It's somewhat baffling why BT is down over 5%, when it's a UK incumbant telecom company. I'm not sure why BT should be down more than Vodafone, in percentage terms, when VOD is more exposed in Germany and the Eastern block EU countries. I'm also invested in Vodafone, so I'm not trying to knock VOD, just that it makes no sense BT being hit as hard as it is.

"Nato did bugger all when the ruskies annexed crimea sorry but Trump was dead right ! Nato is just dead weight"

Russia are a nuclear armed superpower, what do you suggest Nato do? Declare war to protect a non member? Nato isn't a political union, state, or country, it is a military pact; All Nato can do is build up forces in member countries, and leave actions to countries who will impose sanctions. Anyone who suggests Nato should get involved militarily, must be happy to risk mutual annihilation.

"Joking aside, the LLOY results today look pretty grim. Low profit, high fines, high future spending. Wouldn’t be a surprise to see LLOY slide back to the 30s."

I'm not happy, with the preference for buybacks over dividend distribution, but your comment is wrong in so many ways. The results were good, and Lloyds could have afforded a better dividend, but much of the current drop is Ukraine related. In addition to that, the markets have been punishing most UK focused stocks on results, but they've tended to recover soon after. Any further drops will be due to Geo-political events affecting all stocks, not Lloyds results.

I'd be getting ready to top up my ISA's on the 6th lol,

If you know what I mean.

"Good all round for the long term - share buybacks plus increasing dividends"

Going off past history, the buybacks will make little difference to the share price, but the cut in dividends will hit long term shareholders pockets. Very dissapointing, using Covid as a way to drop the dividend. I'll be closely watching the issuance of new shares, for bonus and sharesave schemes, going forward.

"There is a change in emphasis on how returns are made with the arrival of the new CEO."

Please come back AHO.

"Natwest and Barclays down circa -3% on opening. Lloyds down -6.5%, market obviously doe's not like the results!"

The prices of stocks not directly affected, including Lloyds, will recover. The markets just need time to assess the situation. Probably an opportunity to stock pick and load up.

48.13 open

"price showing as close yesterday"

It's because the opening auction is dragging on.

"Barclays 6p = sp is 200 = 3.00% yield
Lloyds 2p = sp is 52 = 3.85% yield"

It's a good yield for new investors, but it is a kick in the teeth for shareholders invested pre-covid. On the face of it, it looks as though they've cut the dividend to a lower level than before Covid, when they didn't need too.