Member Info for hardup

So basically the "analyst" is saying the SP could go either up or down! No 5hit sherlock!

After 114 trading days, buyback complete to date:

Total shares to date............................................................1,293,167,364

Aggregate cost to date.....................................................£930,172,230.04

Average price paid to date................................................71.9298p

Percentage of £1.7 billion buyback completed...............54.72%

And then they all get taken down...........I think we all know who the culprit is!

Profit takers cashing in......to be expected.

Benny

One of the parameters of the algo is comparing the SP to the moving average price. If the SP trades higher than the moving average SP then the algo steps back from trading, the higher the difference between the 2 goes the lower the amount of shares bought. The large spike up in the SP this morning would have resulted in a large deviation between the 2 so less shares were bought.

Friday afternoon was tense watching the SP slide and I nearly bottled it but did not sell. Was even more tense after 16:35 waiting for the SC update wondering if I had made a mistake not selling!

After 113 trading days, buyback complete to date:

Total shares to date......................................................1,292,860,538

Aggregate cost to date................................................£929,921,925.99

Average price paid to date...........................................71.9275p

Percentage of £1.7 billion buyback completed..........54.7%

Any sign of Chid!

Interesting article which gives details on the role and actions of the FOS and the implications this has had on the evolving Car Finance debacle.

https://fla.org.uk/motor-finance-commission-developments/

Chids predictions haven't gone silent! 🥱

The FCA consultation will only start in October so until that is complete no one knows how much this will cost.

Https://www.fca.org.uk/news/statements/fca-consult-compensation-scheme-motor-finance-customers

Going forward this is just creating more uncertainty until at least October!

Https://www.fca.org.uk/news/press-releases/fca-consult-motor-finance-compensation-scheme

Benny

"Just hoping the good guys and gals at Morgan Stanley and Co, can slightly tweak the buyback algorithm."

Morgan Stanley have no remit to alter the algorithm programme parameters. These are set by Lloyds.

STP

"Call me an optimist, if you like"

Wishful thinking on your part, most call you a W⚓

I think it will almost certainly open higher than 76.6p.

I've not seen any adverts on TV from any of the ambulance chasing law firms since 16:35 yesterday, I wonder why? Have I missed something? 😎

"Embarrassing to live here."

Feck off and live elsewhere then!

American ADR LYG closing price $4.36 equates to a SP of 81.95p for LLOY

Based on 1 LYG = 4 x LLOY.......

LYG closing price $4.36, exchange rate 1.33, gives £3.2781, divide by 4 = 81.95p

Details of FCA decision on redress scheme, if any, due to be released before markets open on Monday, could impact this?