Member Info for Gate13Boy

Makes me laugh all this shorting nonsense. Private Investors don’t short. They might spread bet on the price moving downwards. That is not shorting. Hedge funds short and do so by approaching large institutional investors and paying them a large premium to borrow their stock for a period of time.

At some point they have to close their short and return the stock. Sometimes they win, sometimes they lose. .

Reminds you a little of Michael Burry in The Big Short doesn’t it TFE ?

The difference being, he knew his bet would come off for his clients.

Woodford seems to have lost the plot with even his most ardent supporters deserting him. He’s made some bad picks of late...... AA. Capita to name a couple.

The U/T is normally large in Lloyds Bruce. Have a look everyday. They just decided to book it as a sale today. Tomorrow it might be recorded as a buy.

The 40m sale is the uncrossed trade. That should be disregarded.

A lot of sense in there Wids.

I just get tired of reading the same drivel on here about a couple of small buybacks by a couple of myopic posters.

Yup, they’re all taking a hammering Wids.

Blaming Lloyds drop it on a small buyback is duplicitous and non-sensical. Par for the course I guess from one of Comrade Corbyns acolytes I guess.

Lloyds has dropped about 10% since the buyback began on Mar 1st. Funnily enough Cuckoo, so has Barclays. Do you want to give us the reason why their shares have dropped by a similar amount or doesn’t it fit your narrow-minded agenda ?

I had a flick through the executive bonus remuneration scheme at Lloyd’s a few months back. I could find no reference to any part of their bonus being linked to the share price. Happy to stand corrected.

Yup, less shares in circulation allows the board to pay higher dividends per share from distributable profits.

A sustainable and progressive dividend policy is what the BOD is striving for.

Special dividends do not hike the share price long term. Taylor Wimpey and ITV for example are testament to that.

Indeed they are.....

Quite - it’s dilution.

So what I don’t get is why people keep moaning about the buybacks. The dilution is going to happen buybacks or no buybacks. These staff awards have been approved at AGMs etc where shareholders can vote against them if they so desire.

It’s time some people on here separate their frustration at staff share awards from the purpose of the buybacks, which is to use additional distributable capital to enhance shareholder value at a time when the Board believes the shares are undervalued.

This buyback will increase the share price by approx 2 1/2p by the time it is finished. When I read cr*p such as “this share would be a £1 if there were no buyback going on” one realises that some people really haven’t got a clue.

“Printing shares is completely country to the buy back scheme.”

And what’s your opinion when shares have been printed in the past when there was no buyback happening (as there has been in the past) ?

Share dilution due to staff share awards is nothing to do with buybacks John. They would happen buyback or no buyback. You need to divorce the two in your mind.

Staff share awards are unrelated to buybacks. They would happen whether a buyback is happening or not.

Dodger777

“What have they achieved ?
Cost millions to reduce the shares
Had no influence on the share price except to crash it.
And the board have added to the share numbers with their perks.
Pointless exercise at shareholders expense.”

Why would enhancing the share price by approx 0.8p thus far be crashing the share price ? Do you actually have any evidence to back that up ? Or is it just a lazy opinion that negates you from addressing other issues such as Brexit, articles on how banking will suffer for the next couple of years, seemingly static low interest rates for the next decade (the 10 year gilt yield when I last looked was 0.87%), Trumps tariffs and trades wars, possible recession etc etc etc.

One of the most stupid comments I have read on here for a while excluding most of Cuckoo’s nonsense.

So the 3p per share spent on buybacks over the last 15 months paid out in dividends instead would translate to 42p on the share price also.

That’s straight from the Cuckoo school of mathematics.

I guess if we all knew when to buy and when to sell precisely, we might as well pack up and go home eh ? Lol

Whether this buyback is bought at an average of 65p or 55p won’t make a material difference to be honest. It’s a fairly small percentage of shares being purchased by UBS (£1.5bn = approx 3.5% at today’s price).

Stagecoach, do you not think that these share awards would be going through anyway whether there is a buyback programme or not ?

They have been approved previously. If a special dividend was being paid instead of a buyback, these awards would still be being made to staff with the ensuing dilution. This has been the case at Lloyd’s before buybacks started.

Haven’t Apple dropped Wids due to the Chinese not buying their IPhones anymore ? I seem to remember there was talk Apple were going to have to reduce their selling price of IPhones. I doubt removing shares from their register is going to drop the share price.

I’ll have both thanks Cuckoo.

Lloyd’s are dropping again with the rest of the FTSE and the on going Brexit uncertainty. It’s nothing to do with stock buybacks. You should be glad the stock is being bought at a cheaper price during this dip.