Member Info for Gate13Boy

Your own words Nucky

“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.”

Who’s Captain Obvious ?

Nucky,

On Feb 1st, you were suggesting no one should touch this share with a barge pole having just declared you’ve bought back in here.

Another contradictory poster who makes no sense.

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.

Yes so why are you saying when they are announced the share price will drop to around the 30p mark. You’ve just contradicted your own point 🙄🤣

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.

LTI,

Great call those SMIFS 👍 I’ve made 8% capital growth on paper already on the 100,000 I bought and they’re still pumping out over 9% yield at the current price. Good work sir.

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.

1 x £100

3 x £50

= £250

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.”

And you believe her ? She’s going to reverse the LTA for pensions and hammer those with any wealth. Same old Labour, same old tax and spend.

We’re not going back so move on instead of boring us with your relentless whingeing. If you hate the UK so much being out of the EU, why don’t you move there ?

Kept on hold at 5.25%. No story here.

Not another Remoaner whinge. How tedious zzzzz

Hopefully another big buy back will take billions of shares off the register. There’s a good season for starters.

Hear hear Armani. Spot on 👍

Why not remove more shares from the register at this relatively low price ? I’m all for another buyback. Hope it’s bigger this year than last.

Dalesider, you evidently don’t understand buybacks. The share price would be lower than it currently is without them. Each to their own. At this price, another splurge on buybacks will be an excellent use of distributable profits.