Member Info for Gate13Boy

Inchpo,

Trying dividing £2bn by 46p and you will get about 4.3bn shares. Maths obviously is not your strong point.

Plenty of time Darth/Mach to adjust portfolios before your socialist chums tax the banks.

LTI

Ouch 😩

Fair dos Toffeeman. I don’t really have the time to trade. Best of luck.

Yes he was waiting for 46p wasn’t he to get out ? As you say, the market makers and analysts take a few hours to digest figures. Panic sells from a couple here this morning……

Come back Nucky, all is not lost 😂

The day wouldn’t be complete without the Prophet of Doom putting his negative spin on today’s rise.

Bad luck Darth, there’s £2bn waiting out there to buy up stock.

What are you doing here then BLB ? Cookoo, I thought you’d sold up this morning ?

Fakey and Cuckoo are going to have to wait for a while for their 35p buy back in price.

It’s not theory fella, it’s fact. The share price has been subdued for other reasons.

Chid, I’m glad to see you recognise that buybacks increase the share price mathematically. Half the posters on here don’t understand that and blame buybacks for the predicament of the current share price. When the market decides where the price will be, they fail to appreciate that shares move for all sorts of reasons and then claim buybacks are not effective. It is pure naivety.

Banks have been out of favour for years, it’s not just Lloyds. Covid, fears of a Labour government, recession fears and now this car finance nonsense have all weighed on Lloyds. Something always seems to come along. Reducing the number of shares seems an eminently sensible way of using excess capital when the share price is seemingly low.

No worries. If you’d put a fullstop after the 1.84p, I’d have understood what you were saying better 👍

Oh dear. Here we go again 🙄 Shares move for all sorts of reasons. The share price would be lower had it not been for previous buybacks.

Why do you think the magnificent 7 in the USA use buybacks mainly instead of paying out dividends ?

Yes, so why do you suggest the next interim might be 1.92p in the post below mine ?

I don’t think the interim will be doubled in 12 months time somehow.

Chid,

I never even mentioned Citra. You’ve got your wires crossed there.

Explain to us how the payout to shareholders has decreased this year when the buyback amount is the same (£2bn) and the dividend has increased this year.

Toffeeman gone too or though he has only just sold.

Cookoo and Nucky must be kicking themselves selling so early this morning. The share price has risen a couple of pence since then 😳

Chid, you wrote this :-

“So likely very 'tempting' then for the canny board of directors to then either slow, end or even CUT the dividend paid out to shareholders to fund their salaries etc, and of course to fund HMG's wishes via stealth taxes or 'fines'.”

Wrong. The dividend was 1.84p as a lot of us suggested.

You also wrote :-

“A huge portion will be spent in buying back its own shares, which also keeps the capital within the businesses thus allowing for larger bonuses, expenses and pension pots.”

Wrong. The capital leaves the business and is used to buy the shares from UBS (or whoever is handling the buyback this time) for cancellation.

Cookoo and NuckyT must be kicking themselves selling so soon this morning…..