The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
After 14 trading days, buyback complete to date:
Total shares to date.....................................................359,125,973
Aggregate cost to date... ........................................... £171,840,455.51
Average price paid to date..........................................47.8496
Percentage of £2 billion buyback completed............8.59%
And for SUFC
The cancelled shares to date will save £6,607,917.90 from the Final Dividend payment which goes ex-div on 11th April
March 13 (Reuters) - Pension insurance specialist Rothesay has agreed to buy the about 6 billion pound ($7.67 billion) Scottish Widows in force bulk annuity portfolio from Lloyds Banking Group (LLOY.L), opens new tab, the companies said on Wednesday.
The bulk annuity deal covers the pension benefits of about 42,000 people and marks its sixth acquisition of annuities, Rothesay said in a statement.
"This sale will enable us to focus and invest in the insurance, pensions, investments, retirement and protection markets where we want to grow," said Chira Barua, CEO of Scottish Widows and of insurance, pensions and investments at Lloyds.
https://www.reuters.com/business/finance/rothesay-buys-6-bln-pound-scottish-widows-bulk-annuities-lloyds-2024-03-13/
Ducatiman.........There is a restriction on the maximum amount of shares that can be bought back daily during a buyback. The maximum daily amount is 25% of the average daily amount traded over the preceding month.
STP,
"The EU has said..
That with about 90% of under 25s pro EU, re-joining is only a matter of time.."
I have read the article and the EU does not say that. You have twisted and manipulated what was said to suit your narrative. The article said....
"In an October poll only 16 per cent said Brexit was an important issue. That may be a better test of public opinion than the polls uniformly saying that a clear majority now think Brexit was a mistake. Up to 90 per cent of voters aged 18-25 say they would vote to rejoin the EU. The problem is that this cohort doesn’t much bother with voting."
STP......."The police swoop on any found to lending support to Hamas, within seconds."
I have not seen that in any news reports. All I have seen in a news report is police swooping on one man holding a placard saying "HAMAS ARE TERRORISTS"! 6 police officers manhandled him to the ground and handcuffed him and took him away.
After 13 trading days, buyback complete to date:
Total shares to date.....................................................330,487,690
Aggregate cost to date... ........................................... £157,684,809.97
Average price paid to date..........................................47.7128
Percentage of £2 billion buyback completed............7.88%
And for SUFC
The cancelled shares to date will save £6,080,973.50 from the Final Dividend payment which goes ex-div on 11th April
Panderman....."If the SP has an unexpected surge can they delay the buy backs or is it set in stone?"
The buyback is controlled by algorithms and Lloyds set the parameters which MS apply. One of the algo parameters is if the SP goes more than a defined % over the weighted average share price of the preceding time frame specified, the algo will step back from trading. I guess that point must be getting close with the rise in share price since the buyback started.
"On what's happening at the moment with the lloy SP. it's rising so the II's can make a sale at a good price. Then purchase them back cheaper all before they collect their divis and then Lloyds will be buying them back cheaper also after divis. It's a win, win for the sharks but the small fry that are getting in at these prices will be locked in and battered come April the 11th. Repeat and rinse..."
At least keltickilla is brief and to the point. It takes chid at least 3000 words to say the same! 😎
67Sam
Scargill was responsible. The miners strike was not democratic, he called an all out miners strike without first holding a ballot of members. He then approved flying pickets to travel to mines where the workers wanted to continue working to threaten and intimidate them to try to stop them working. Scargill divided mining communities and families with his undemocratic miners strike.