Member Info for Gate13Boy

Good day for buybacks to be restarted. I guess at the end of the day, those who seem furious here can always sell their shares and invest elsewhere.

It’s a progressive dividend policy. Not sure what you’re expecting to be honest and unlikely to be fireworks at the interim stage. Slightly above my 0.9p prediction. Steady as she goes….

Unless my memory is not serving me well, the buyback fund normally is declared at final results not interim so I won’t be expecting any further buyback provision this morning.

Mick-B,

Few US stocks pay dividends. Their excess profits are used to buy back stock. We need to send you state side Mick so you can tell the CEOs of Apple, Microsoft etc where they are going wrong with buybacks 🙄

Is that relevant to Lloyds Darth ? 🤷‍♂️

And Shore Capital increases its “fair” price to 349p 🤷‍♂️

Maybe the comment about people not switching energy providers this year has spooked the MMs. All a bit of a mystery.

Yes I’m going to buy some more. These are ridiculously cheap unless we’re missing something 🤷‍♂️😂

I agree. These do normally retrace but I wonder whether the dividend reinstatement might underpin this at a higher level now.

Any news I’m missing ? If the analysts didn’t like the results, it would have dropped yesterday. Bemused 😳

And Barclays (forgot to include).

Both HSBC and NatWest shares are similarly lower than they were Chuckleberry 5 years ago. Are you going to sl*g off their BoD too ?

How have buybacks failed exactly ? If the shares have been cancelled for an average lower price than the price at the end of the buyback, I’m not sure how that can be called a failure.

You need to open your eyes and look around the sector instead of spleen venting about Lloyds in particular. The sector is not in fashion.

wise move tfe 😉 these have further to run imho……

i sold my bab**** holding a few months back and then bought them back the following day thinking i’d made a mistake and should be more patient. glad i did in the end 😳

Not sure what buybacks have to do with the discussion 🤷‍♂️

Yes I find it incredible that Livestock and a couple of others think ever increasing interest rates are good for Lloyds. Impairments for bad company loans and mortgage defaults are a consequence and since Lloyds is so exposed to the UK housing market, a drop in house prices is not good for Lloyds. These will offset gains from higher Net Interest Margins. The Lloyds share price is lower now than it was when the base rate was 0.5%. Those advocating higher rates should ask themselves why that is…..

I have no mortgage either fortunately but paid a mortgage at 12% a long time back too and whilst it is refreshing getting better savings rates at last, I have no desire to see people struggling to keep their homes.

Have been overly patient with these. Even sold them one day and bought them back the next day 😂 Glad they’ve come good today and we’ll start getting dividends in FY24. What was that article about ? Spooky

I’ve had a holding in Lloyds for just over 15 years. Can’t say I remember them ever being over £1. I remember 88p at one point but not over £1. Standing by to be proved wrong.

Livestock

“ Governor bailey has got interest rates at 5% and looking to go higher banks making massive profits for someone invested in a bank this is exactly what you want.”

Livestock, if that were true, Lloyds share price would be significantly higher than it is. Take a guess at why it isn’t any higher than it was years ago when base rates were 1/2%. I’m afraid you’re being too simplistic thinking higher base rates are good for Lloyds. Higher NIMs result but so do higher impairment charges, whether they are companies failing which Lloyds have loaned to, or people having their houses repossessed because they can’t afford to pay their mortgages.

Lloyds is up today on the back of base rates probably not going above 6% now because inflation is coming down quicker now. Your logic is a tad flawed mate.

Bought some more of these under 80p yesterday taking a punt on which way the inflation figs would go today. Great yield and huge discount to NAV still. Fingers crossed they won’t go back below 80p again.

Up over 8% currently. Didn’t realise how sensitive these would be to inflation and interest rates. Bought mine at £10.48 a while back as I like most of Nick Train stocks. Hopefully these can motor on now.

Mick would like to blame the Tories of course when it’s the BoE that got us in this mess.