Member Info for Gate13Boy

Netflix, Uber, Nvidia and AMD have actually done alright for me this year, 2 of them doubling. Still hoping SOFI will come good. I shall keep my depressing 8.8% div too however and my pref shares 😂👍

That can’t be true. If you remove shares from a register, mathematically your holding increases in value. The trouble with the UK is lack of growth. The FTSE100 is up just 2% over the last 5 years and the FTSE250 is almost 9% lower. We need growth in the economy.

In the US of course, the top companies pay little or no dividend at all and use distributable profits to buyback stock. The UK sure does operate differently with a lot of people relying on dividends as an attraction to a share.

UK pension funds I read contain just 4% on average of UK stocks. I’m managing my own pension now and have drastically reduced my UK holdings with most of the equity part of my portfolio in the USA, India and Japan. I still own Aviva, L&G and Lloyds in the financials sector and those share prices have disappointed to say the least. The dividend yield remains high but I almost treat them as a bond now.

I guess the UK market may be undervalued but what we need is growth to put a rocket under the FTSE100 and FTSE250. I read that Aviva may be on the hook for some of the forest fire damage in Canada but how much I don’t know. As long as the divi keeps getting paid I’m happy to hold as most of my holding is in the 8 3/8 prefs.

Spot on LTI in your last post.

A few sadly cannot see the wood for the trees on here.

I wonder if livestock would be complaining if he owned Apple, Microsoft, Nvidia, etc and instead of getting dividends that money was used to buyback stock. Quite probably 😂

“Not so sure bros that the shares allocated in bonuses are a small fraction.. ”

Using Asperger’s excellent figures, approx 540m shares have been issued in the last 12 months and about 4.386bn shares have been bought back.

I make that 540m shares to be just over 12% of the total number of shares bought back. I’d call 1/8 a small fraction.

The shares get issued Steve whether buybacks are going on or not and constitute only a small fraction of the numbers of shares that are bought back.

For the 3rd time livestock, why don’t you sell up if you’re that frustrated with Lloyds and invest the proceeds elsewhere ?

“I see it on other forums some people are paid to post of the forum and not invested in the stock”

I can assure you I still have some shares in Lloyds or I wouldn’t bother posting here unlike some of the trolls (I have green lines so one of them has just appeared 🙄).

Livestock,

What’s stopping you selling your Lloyds shares and investing the proceeds elsewhere I’ll ask you again ?

“If Lloyds want to raise the share price got to improve on the 2018/19 dividend payment then new investors will come back the market has Lloyds at 41p as it's not happy with the buyback programs”

Your fixation with dividends and buybacks is becoming ridiculous. Good job you aren’t invested in the Magnificent 7 stocks in the USA that hardly pay a dividend and use their profits to buyback stock.

You’re a lost cause livestock I’m afraid as your thinking is all a bit too simple.

“Some posters are paid to post on the forum to keep momentum up”

Now you’re losing the plot. I wish I was being paid 🤣

Almost back to pre-Covid dividend levels then livestock 😉

Lloyds had to re-build its balance sheet after it was pretty much forced to make loans to keep UK companies afloat.

Have you ever thought of selling ? I know it will be at a loss for you but everyone has to take a loss on shares once in a while. I dumped half my holding at my break-even share price of 51p earlier in the year because I felt I could better deploy the proceeds elsewhere.

Maybe worth a thought instead of letting it cause you frustration and anxiety 😳

LTI

“NWG had a peak of about £6 in the same period - now at 235p”

Yup Barclays was 215p in Jan 2022, now 150p

Not all the other banks livestock have got all their skin in UK PLC. I haven’t looked but I suspect the other UK banks have not done that well over the last few years either. I’m a Brexit fan as you know and believe that given time it will prove to have been a very beneficial move for the UK. In the meantime I will sit on my remaining holding and wait whilst I hope buybacks continue to give me a greater share of the company. These will come good I’m convinced but further patience will be required 😉

“ More than 7,000 businesses could become insolvent every three months next year, a think tank has warned, as it forecast Britain will tumble into recession.

Companies will go under as interest rates continue to rise, pushing up debt repayments to unsustainable levels for some businesses, according to the CEBR.

It warned Britain will be in recession after contractions in the final three months of this year and first quarter of 2024.

However, it said the Bank of England may start to cut interest rates next year in an attempt to “restimulate demand” in the economy, although rates will “still stand far above recent norms for some time”.

There were over 6,700 business insolvencies in Britain in the three months to June, which was more than double what was seen in a typical quarter during the pandemic.

It is also 50pc higher than the same quarter in 2019, with the number of quarterly insolvencies averaging 4,100 between 2015 and 2019.”

Livestock,

I have told you the reasons on countless occasions but if you want a list, here goes….

(1) Fear of a recession affecting Lloyds loans to businesses and mortgage customers in terms of defaults due to higher interest rates.

- you kept championing higher Net Interest Margins as rates were rising. What have they done to the share price exactly ? The share price is lower now that it was when interest rates were 0.25%.

(2) Lloyds is heavily exposed to the UK housing market which is currently falling and will continue to fall.

(3) Fear of windfall taxes that a Labour government is likely to inflict on the banks when they get into power

(4) An economy at present that has low growth and Lloyds is wedded to it

Will that do for starters ?

The dividend yield is 5%.

The dividends in Rolls Royce are zero currently. Are you saying no one wants to invest in them livestock ? I did post-pandemic at 85p a share. You need to think outside the box a little more as to why Lloyds shares price is is where it is currently 😉

Https://www.telegraph.co.uk/business/2023/09/02/european-union-running-out-other-people-money/#:~:text=As%20Mrs%20Thatcher%20once%20remarked,is%20beginning%20to%20run%20out.

It’s like pulling teeth LTI isn’t it ? I’m off to bed 😂

The buyback has already been a success Falky removing some 4 1/2bn shares from the share register this year. How market makers price Lloyds is an entirely different issue.

Chuckleberry

“It was a Westmonster Brexit not a Scottish Brexit.

It is a Westmonster war not a Scottish war. ”

Democracy sucks eh ? 😂 Your SNP chum MPs sit at Westminster so suck it up……