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With Lloyd’s rising most days, it does look like sellers are drying up. Onlyif, the buybacks mathematically increase the share price by a tiny fraction every day, the rest is market driven. The same applies to previous buybacks in past years. There are many reasons why Lloyd’s share price was in the doldrums during recent years. Ask yourself why the magnificent seven in the USA continually use buybacks as opposed to distributing large dividends. As the share count diminishes at Lloyds, you get to own a larger slice of the company. I received a dividend from Nvidia a few days ago owning £20k of stock of less than £1. Am I bothered ? No. The share price has quadrupled since I bought them. Buying back stock at low prices seems eminently sensible to me.
All the whingers appear to be back in their box now. The SP is up virtually every day. Lots of buyback money slushing around too to support any weakness. Upwards and onwards. NuckyT,, come back and make a post. We miss you……
Keltickilla,
A lot of people lost their lives during the pandemic. Trivialising it as sniffles and a cold does you no credit at all. It may not have affected you badly but some people were extremely sick. I myself was hospitalised for 2 weeks in an acute respiratory unit after my lips had gone blue and I have permanently scarred lungs. One of the posters on here lost his brother to Covid. I suggest your posts on the subject are extremely insensitive.
Yes the dividends I get are piddling from my US stocks. Outside the funds I own in the US (VUSA/ S&P and the Russell indexes), I own Nvidia, AMD, PayPal, Uber tech, Sofi and Goldman Sachs. The dividends on them are tiny and they use buybacks to reward investors instead. I’m quite happy with that as the capital growth has been superb particularly on the chip makers and Uber. The UK market is good for dividends but not capital growth at the moment.
You’re right forensic, and I’m not knocking anyone that works in whatever profession they choose to do. I just didn’t spend years getting qualifications to drive a milk float. If I wanted to do that, I wouldn’t have studied as hard as I did fella to qualify to do what I do. As I said, I wasn’t being derogatory to milkmen.
Come over to Reform UK 🇬🇧 fleccy. I likewise have voted Tory all my life but not this time round. The Tories are going to get a drubbing, not because Labour offer a better alternative but because people are tired of 14 years of Tory rule. My vote won’t make a jot of difference in a constituency where the Tories have never lost but the Tories need to move further to the right and become Conservative again.
Well it’s an extra £5k a year you can put in fleccy I guess. Not a huge amount I agree. I have most of my portfolio in US, Japanese and Indian funds due to the poor performance of the UK market and with an incoming Labour government, I won’t be changing my strategy and taking advantage of this £5k British ISA.