Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From the FT
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https://www.ft.com/content/96559959-0931-43d9-ad71-e0f14149af44
Analysts said Lloyds — which owns Black Horse, the UK’s largest car finance lender — is particularly exposed to an influx of compensation claims, with Jefferies estimating the lender could be hit with a total bill of £1.8bn.”
I have read what you’ve written. There won’t be a special dividend (there’s been no disposal to facilitate that and I doubt the profits will be materially above last years) and I’ll bet there will be a buyback. We shall see later in the month.
Cuckoo,
Your posts are becoming more and more incomprehensible.
There’s no conspiracy here. A buyback hasn’t even been announced yet. Let’s see what happens later in the month on results day.
Peeps can always vote with their feet and sell up instead of constantly whingeing about the share price. Think of the opportunity cost by not being invested in something else ? If you’re sitting on a paper loss, it’s futile hanging around to get to your break even point if you don’t feel the share price is going to rise.
How do you cancel shares for staff that are contractual ? I presume you are refer to some of the block listings that appear in the RNSs from time to time ?
I have no problem with buybacks. The big US companies use them instead of paying dividends. The issue with Lloyd’s current valuation is nothing to do with buybacks. A potential Labour bank tax, the motor finance issue (which Lloyds is heavily exposed to and which could be the next PPI scandal) and fears of a recession are weighing on Lloyds share price IMHO. I’d also like to see the Board make some astute acquisitions. Not much seems to happen on that front and all we hear about is branch closures mainly.
Cuckoo,
I’m not the one moaning here, you are. I trimmed my Lloyds holding by 5/8ths when they were last in the low 50s so my exposure here is much reduced. I’m not telling you to sod off but just suggesting that if you’re so unhappy with Lloyds share price, maybe you should sell up and invest elsewhere where you might be happier.
Why don’t you sell up cuckoo and invest the proceeds elsewhere ? Questor in the Telegraph this morning has suggested selling Lloyd’s shares due to the motor finance exposure. Better than hanging around moaning in here.
Livestock
“Lloyds Full year results for 2023 out on 22 February with news of another 2 billion buyback this could send the share price back into the 30p price range”
How so livestock ? What utter nonsense. When buybacks are announced, they generally give the share price a spike.
Share prices move downwards for all sorts of reasons. If you think the Lloyd’s share price is lower due to buybacks the last 2 years, maybe you should give up investing completely. If Lloyd’s paid a 2p a share special dividend, all that would happen is you’d get your money on the pay date but on the ex div date, the shares would drop by 2p. You evidently don’t u deratand buybacks or share consolidations. Plenty of books and articles out there on the internet.
Cuckoo,
A share consolidation is merely a cosmetic excercise that doesn’t affect the market capitalisation. If you do a 1 for 2 consolidation, the share price will double and the number of shares in circulation will halve.
A buyback will use distributable funds to remove shares from the register. I’m all in favour of another bumper buyback at this share price range. Less shares in circulation means the amount set aside for dividends will ensure your holding gets a larger share of that dividend pot.
NuckyT,
In Feb 1st you posted this……
“My advice is don’t touch this share with a barge pole. Wouldn’t touch it even with someone else’s money. Move onto something else, anything is better than this”
Why have you just bought in then ? I’m confused.
Hi hardup. It’ll be along the lines of “we’re committed to getting inflation down to 2%, we are concerned about wage settlement still and the potential inflationary effects of the attacks on shipping in the Red Sea. We are therefore holding rates at 5.25% and will closely monitor events and act accordingly.”