Member Info for Gate13Boy

Indeed Chancer. The dire situation Lloyds found itself in happened under a Labour Government with the ill-fated takeover of HBOS. Voting for Corbyn and his fawning, communist, acolytes is akin to turkeys voting for Christmas.

I’d get your tim hat on khukov but great idea......lol

Well said TFE. Bored of all the whingeing and blame apportioning whether it’s at Brexit, buybacks, AHO etc etc. Jamescuckoo comes on almost daily to say the same things over and over again. I notice he doesn’t do the same on the XLM board when they halved in value after a profit warning. Lloyds bashing seems to be a substitute for some to taking it out on the dog. Sell up and move on if it’s that painful.......

I voted to leave Mick and think the UK will make a success of it. You obviously disagree. Time will tell.....

There’s always another option - you could sell your shares and move on.......

Lloyds has positioned itself as a UK focussed bank following the referendum result. Whether Lloyds is a success or not will depend upon the fortunes of the UK economy now for a while......

About 1p down trading ex div (1.07p). Sounds about right to me. Not sure what some were expecting this morning - a miracle perhaps ??

Well said Kaiser. Stocks can go down as well as up.

Don’t confuse him LTI. He’s probably getting a bit agged about how he’s going to make his 25% this year......

Quite Asperger. I would think UBS have had a busy afternoon hopefully.

Buyback = Approx 1.6bn shares 2008 award = 415m shares I’ve given you these figures before Rob and you’ve actually thanked me for them. But please continue to carry on associating the two unrelated items if it fits your mental model. No, I don’t like seeing the share price go down Rob but I am able to see some macro-economic factors at work here.

Sorry if you find my post patronising Rob. I guess it’s born out of frustration that a piddling buyback of 2.2% seems to pre-occupy you and a couple of others on here on a daily basis. Livestock, I guess the board wish to pursue a progressive dividend policy from here on in and will use some distributable profits for buybacks whilst retaining capital for acquisitions if they present themselves such as the MBNA one. Maybe suggest to AHO at the next AGM your idea for profit distribution.......

Rob, the issuing of shares for the 2008 awards was going to be done irrespective of any buyback. If there was no buyback, the share awards were going to dilute the number of shares in circulation and hence the price anyway. Ok - You believe what you want to. Myself, Chancer, LTI, Asperger and others have tried to explain this till we’re blue in the face. As Andygogo said, it’s a piddling amount yet you, Jamescuckoo and a couple of others are so hung up on it for the reason Lloyds shares have dropped. I suggest you have a read up about Apple’s buyback and countless others companies that have used buybacks. You’re clutching at straws with the buyback as you seem to be at a loss to understand why these shares have gone down.

Exactly so Chancer. For the 88th time Rob, the 2008 share awards have NOTHING to do with the buyback. You really need to be able to separate the two in your head Rob.

Rob, I doubt people ******** on here about the share price makes the slightest bit of difference. If you are that concerned and want to make a difference, I suggest you go to an AGM. As regards the buyback Rob, I expect it to have made a 1 1/2p positive difference to the share price when it’s finished. I doubt the buyback has any ongoing influence on sentiment after it was announced as a done deal some months ago.

Out of curiosity Rob, just how many pence do you think the buyback has caused the price to tank by ?

Crikey - lots of conspiracy theories flooding the chat this morning about the share price. Market Makers set the share price not AHO. In my opinion Lloyds is in the doldrums due to Brexit uncertainty, possible additional PPI provisions, possible increasing impairment charges and a lower interest rate future. Jamescuckoo will have you believe a 2.2% reduction in the number of shares in circulation is the reason for the current plight. The maths alone blast that nonsense out of the water. The increasing profits at Lloyds are an indicator to me that these will come good when uncertainties are removed. In the meantime I shall chuckle at the conspiracies being pedalled. One could always just sell your shares of course and move on......

Pantherax - ignore the buy and sell volumes shown. They are inaccurate and include the SETS auction which is a mixture of buys and sells and is shown as one trade either as a buy or sale (16.35 every day). The share price is being driven by market maker sentiment at present.

Yup it’s been done to death on here Rob. The buyback is worth approx 1.5p onto the share price,. The 2008 share awards are worth approx 0.4p off the share price. Tiny amounts in the grand scheme of things.

Agreed LTI. Do you ever get the feeling we’re banging our heads on a brick wall ? Rob, the issuing of 415m shares for the 2008 staff share awards is a completely separate issue and would have happened anyway irrespective of this buyback.