Member Info for Gate13Boy

Sadly though, the confused, misguided, communist capitalist Jamesroo will try and have you believe that a 1 1/2p buyback is the reason for Lloyds current share price, AIDS, wars in the world and global warming.

As you say Lastcall, you can’t put a price on sentiment and it can work both ways. Who knows which way it’s worked here or if at all. I’m just stating the numerical facts obviously.

Rob, I replied to you. The buybacks when complete will have enhanced the share price by approx 1 1/2p. The extra shares issued for the 2008 awards etc dilute the share price by just under 0.4p.

Yes only 2.8m today on top of zilch yesterday. Not much left anyway in the pot is there LTI ?

Jamesroo “Don`t worry buybacks will soon over and the price will again pick up.” Problems forming sentences now and basic logic issues sadly......

RobGTR “In any case hasn't the buyback made negligible difference in the number of shares in circulation due to the printing of new ones” Hi Rob, I believe 415m shares were issued for share awards, bonuses etc. Equivalent to about 0.36p per share dilution at today’s price.

Still, can you imagine what immigration would be like under Corbyn ? All comrades welcome......

Former career Jamesroo. Maybe your eyes aren’t too good these days sadly and you have difficulty picking out salient parts of posts. Still, you crack on with your 25% p.a. Your hero Jezza must be very proud of you....

I’m afraid our resident communist Jamesroo didn’t like being insulted back after he threw the first mud and said he filtered me consequently. I certainly haven’t lost any sleep over the fool that claims he makes 25% per year in the stock markets. That from a communist who is supposed to despise capitalism. He sounds more confused than Scooby Doo to me. It must be his age lol.

No offence taken Snige but my understanding of buybacks that was part of gaining a Registered Reps qualification seems to be a little better than some of the falsehoods being pedalled on here by a few.

Well I bow to your superior knowledge Freya over mine as a former qualified stockbroker for over 10 years. Shame you’ve decided to resort to name calling. Normally a sign that you are losing an argument. I shall leave you to wallow in your ignorant bliss. Good day.

Freya, I could always sell shares if I needed cash. Buybacks are often used by companies when they perceive their share price is low. They enhance the holdings for all investors. Let me throw this one at you. If no shareholder was prepared to sell their shares below say 65p at the moment, there would be a stock squeeze and the market makers would have to mark the shares up accordingly to attract sellers. Would you be complaining then at buybacks ? At the moment UBS is able to buy the stock at below this price because there are plenty of sellers around. It is supply and demand (as well as market sentiment). The current share price would be lower if it were not for the buybacks. Whether distributable profits to shareholders are in your account as dividend cash or in the form of a higher share price matters little to me. The current share price level is not the fault of buybacks. You and Jamesroo need to understand that.

Rise in lloyds profits after the buyback ? I’m not sure where you’re going with that Freya or what you’re talking about. Whether I had an extra 1 1/2p dividend in the bank and my stock was worth 1 1/2p less or the other way round is immaterial. Not enough to fill a suitcase though sadly......

I rest my case Freya lol.......

I think some including yourself don’t really understand buybacks Jamesroo and the value of them. Try Google.

Good for Boris for saying what he thinks. I think the burka makes them look like a postbox too. Big deal. Tin hat on for the lefty outrage zzzzz

I’m with LTI here. There have been no shortage of sellers at all prices in the 60s since the buyback started. If there had been a stock shortage due to the buyback with a lack of sellers, the price would likely be higher than 62p odd it is these days. The share price will be roughly 1 1/2p better when the buyback is complete. It’s a tiny amount not worthy of all this furore. Lloyds has moved 1 1/2p in a single day since the buyback was announced.

Yup the FTSE is being driven higher again by companies whose profits are denominated in US dollars. I’m afraid Lloyds is going to be a waiting game.

To be pedantic, SUFF, the price would be between 60 and 61p. Im sure more buybacks will follow.....

Lloyds has been trading in a fairly thin range for some time now. The value of this buyback in the 60s is approx 1 1/2p give or take. If it’s in your pocket, the share price would be lower and vice versa. I am surprised at how many experienced investors on this BB fail to understand the value of this £1bn buyback. It really is quite simple and fairly inconsequential in terms of value.