Member Info for Gate13Boy

Maybe the FTSE is having a long overdue shakeout. I’ve thought it’s been over-valued for some time now.

I don’t get it. We were told by Jamesroo and the boring jam-maker Freya that the buybacks were responsible for the falling share price over the last 6 months. The buyback finished 2 weeks ago and the share price is at a fresh yearly low. Just goes to show what a load of cr*p they were spouting sadly.

Shame for you 2CV that it’s too late now (that’s if the poll was correct in the first place). Never mind fella.....

Food for thought eh ?

You’re assuming a collapse in the US dollar then Wids ? Spent ages invested in Petropavlosk and the shares just traded in a 6-7p range and so eventually bailed out through boredom. A collapse in the dollar would of course send gold prices soaring. Gold was sub $1,200 last time I peeked - a function of the dollars current strength.

Lost on you Freya I’m afraid....

I guess you don’t get sarcasm. I did wonder why you were asking John about copper mines.

Maybe she’s expecting copper out of her gold mine 😂

You’re quite right. I had a similar scheme at my previous employer with the kind of figures you say. At the end of it, one bought the shares if the price was beneficial or you got your money back with any interest. My current employer operates a BAYE scheme which is different with one buying the shares every month at the prevailing price but with the tax break I described. My mistake for confusing the two.

I beg your pardon. I’m talking about a BAYE scheme. Apologies.

Ah, I’m going on the SAYE scheme at my place HH. Higher tax payers get relief at 40% and basic rate payers get 20% relief.

Which figures HeresHoping ? If it’s the number of schemes, the figures are from Jan 2017, so will be a guide only....

Higher rate tax payers on SAYE schemes get 40% tax relief on the amount they pay into the scheme. Can’t think why that would be a waste of time.

Maybe Freya, you and Rich should just invest in companies that don’t run such schemes ? It’s obviously a source of irritation for you both....

“There are 1.5m active SAYE accounts in the UK, with 82 companies in the FTSE 100 and 131 in the FTSE 250 offering their staff schemes, according to data from IFS ProShare and Equiniti.” 24 Jan 2017

Like it or not Richard, share awards etc are commonplace throughout stock exchange quoted companies. Lloyds is no different.

Oh we’re not upset Freya. Just bored of repeating that share awards and buybacks are not connected to people that can’t understand it......

Share awards are prevalent in most FTSE companies. I can’t see how removing shares by way of a buyback is counter-productive Freya. Perhaps you could explain how.....

Rich

At 31/12/2010 - 68,074m
At 31/12/2011 - 68,727m
At 31/12/2012 - 70,343m
At 31/12/2013 - 71,368m
At 31/12/2014 - 71,374m
At 31/12/2015 - 71,374m
At 31/12/2016 - 71,374m
At 31/12/2017 - 71,793m

No problem AE. The last poster being one of the proponents of the failed reasoning.