Member Info for Gate13Boy

BLB, Why would large US caps buy Lloyd’s shares ?

The Lloyd’s board evidently think the company is undervalued and consider buybacks are a good use of distributable profits. UK banks have been unloved for a long time, it’s not just Lloyds.

Maybe you should sell up and move to another share that doesn’t use buybacks. Your continual use of block capitals in your posts suggest you are angry. We’ll all miss your contributions but I’m sure we’ll get over it.

BLB, have you ever wondered why the large cap US companies use buybacks as a way of shareholder distribution ? You evidently have little understanding of their benefits. You could always sell up I guess if you don’t like the use of them at Lloyds. I personally hope there is another buyback next year alongside the progressive dividend policy.

Good bounce the day after going ex Div.

I know the Middle East is a concern but WTF ? Just because the Fed didn’t cut rates one month earlier than it should have. They may well make an emergency cut this week to stabilise the markets in any case.

2 x £100

1 x £50

2 x £25

= £300

Market must like the update today.

I hold SMIF and TFIF.

Great dividend yield in both. Just diversifying my risk as they’re in different markets.

Your time has come comrade Mick-b.

If you think the Tories have stolen the light bulbs, just wait till your looney left steal the house the light bulbs were in.

Hardly scaremongering Ant. Someone’s gotta pay for Labours spending spree and as usual under a Labour government, that will be those who have saved alongside more borrowing.

Armageddon in the morning when the socialists take charge. It’s not what Labour has said about tax, it’s what they haven’t. We can look forward to unused pensions falling within Inheritance Tax and all sorts of other theft from our pensions. Capital gains will no doubt be a target too.

Turkeys voting for Christmas letting the socialists in. Last one out turn the lights off.

Yes a bit of capital growth at last alongside a good dividend yield.

£350 🙄

3 x £100

1 x £50

= £300

Good rise today…..

2 x £100

1 x £50

= £250

At the top but it says Apr 12th further down 🙄 so it might be tomorrow

Div Max says it’s due to be declared today.

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.

1 x £50

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……