Member Info for hardup

"Any UK CBDC would work alongside - not replace - cash and bank deposits. We will continue to provide cash for as long as the public still want it."

BOE considering a CBDC
https://www.bankofengland.co.uk/research/digital-currencies#:~:text=to%20contact%20us-,What%20is%20central%20bank%20digital%20currency%3F,a%20computer%20or%20similar%20device.

Bubble2021
"Lloyds divi paid this week?"
The dividend is paid on 12th September.

https://www.express.co.uk/news/world/1654936/putin-kremlin-elite-peace-talks-russia-ukraine-war-latest

SUFC
You tell him mate............way to go!!

SUFC
Well Lloyds did explain why the volume being bought back had slowed to a trickle citing the algo programme parameters, but I would have thought the variables within the algo would have changed by now to allow more volume to be bought back daily so it doe's seem strange given Lloyds wording of the RNS on 25th February Share Buyback Programme Commences which stated "The sole purpose of the programme is to reduce the ordinary share capital of the Company." The parameters of the algo do not appear to be supporting achieving that goal with maximum effect?

SUFC
"Looking likely now , in the last quarter, we going to have some powder in the pot for Santa Rally :-)"
So by definition shares rise during a Santa Rally........so would it not be preferable to use the powder now at current share prices rather than wait for Lloyds SP to start rising in a Santa Rally?

After 116 trading days, buyback complete to date:
Total shares to date.................................................3,291,496,280
Total Cost to date... ................................................ £1,468,021,470.34
Average price paid to date.......................................44.6p
Percentage of £2 billion buyback completed.........73.4%

Just when you think investor sentiment is maybe changing for Lloyds, another day Lloyds struggles to hold on to it's meagre morning rise but Barclays and Natwest both flying up +2%. Oh the joys...lol.

Brixton
I had to google TIA, take it easy then and lay of the fags as well!

lti
I was not aware of that, but I see it is only a very recent development only being approved by the WHO in October 2021.

brixton
"No more spoons "
Wot....for ever and ever? You going cold turkey? lol

lti
There is no vaccine for malaria. You have to take tablets daily for your duration of stay plus depending what brand you take you have to start taking them anything from 2 weeks to 3 days before you travel to go there and keep taking them for a week or more after you get back. And they are not cheap either. The tablets should be used in conjunction with other measures, keeping as much body clothed minimising skin exposure, mosquito repellent cream, mosquito nets over beds at night.

"lots of wildlife"
Lots of malaria transmitting mosquito's as well.

""Good news Dow futures up 120pts""
How many days have we seen the Dow opening up +120pts or more and within 20 minutes being -300pts down, or vice versa. Large intra day swings seem to be normal trading now, so futures being up a large amount does not necessarily mean good gains by close of market.

Natwest Group now up +14.5% post Final Results.........SPECIAL DIVIDEND!

Brixton/Livestock,
The reason for the share price consolidation is to prevent large fluctuation of SP at ex-dividend date:
"The proposed consolidation will be set to reduce the share count as if we were
buying back at the market price thereby offsetting the dilutive impact to TNAV per
share of the substantial special dividend"

Aviva did the same last year when they paid a large special dividend:
"to mitigate any fluctuation in the price of Aviva shares as we return the capital to shareholders, we're planning something called a Share Consolidation. As an illustrative example, going forward, you'll hold approximately 76 new ordinary shares for every 100 ordinary shares you currently hold."

Cornsland
"Any idea why the Buyback has so few shares recently being bought recently?"
I refer you to my post's on 29th July at 12:27 and 12:49 which I copied some email correspondence I had with Lloyds Investors regarding low volumes being bought for the buyback from 19th July onwards. Below are the replies I received.
29th July 12:27:
"The algorithms that manage the share buyback programme look at a lot of variables, but market volumes and the rolling average share price are the main ones.

The main reason that trading volumes in the last few days have been lower than normal is that the share price is trading above the average of recent periods. We have a share price tracker on the external website and you can run charts to see the performance over the last day, month, year etc. If you look over the last month, below, you can see that the share price since 19 July (the start of your trend below) has been well ahead of the preceding few weeks. In this case, the algorithm will step back from trading.

Clearly if the share price continues to rise, the weighted average price will go up, and then the algorithm will start trading more heavily again.

I should note that when we announced the buyback programmes, the stated intention was to complete by 31 December and we are ahead of target for this point in the year."

and 29th July at 12:49:
"I should note that the terms of the algorithm were set by us though – we defined the average daily volumes, price targets etc. that they should abide by. MS then implement that decision, but it is not a daily human decision being taken."

After 115 trading days, buyback complete to date:
Total shares to date.................................................3,291,491,331
Total Cost to date... ................................................ £1,468,019,196.77
Average price paid to date.......................................44.6p
Percentage of £2 billion buyback completed.........73.4%

Unusual for Lloyds, market down -0.55% and Lloyds up +0.3%..........maybe a change of sentiment gathering for Lloyds?