Member Info for hardup

Plato
"When I became a doctor"
You're full of sh - ite!

Plato
"I am a lovely guy and never cause no trouble to anyone - genuinely"
Vladimir Putin probably has the same opinion of himself.

RNS out today, some big director sells!
28/07/2022 Antonio Lorenzo sold 2,750,000 shares.
29/07/2022 David Oldfield sold 1,098,000 shares.

Which is why Charlie Nunn wants to diversify.......Citra Living one example. How many years will it take to know if Citra Living has been a good diversification?

Interesting day on Thursday........ex dividend date and also date of next BOE MPC rate setting meeting. If we get a 0.5% base rate rise it should wipe out the 0.8p drop in SP when markets open on Thursday and even SP close up Thursday on Wednesdays close price.

Least favourite of the UK Banks today.....falling back into the usual rut?

"Brixton's waiting for them to swap shirts at the end!"
I bet we would see that all the German girls had hairy chests.

DC1
"I didn't know you were interested in football Brixton is it because it is women's football and you get turned on by the women footballers running around in their kit"
Brixton has to wear a pair of boxing gloves when he is watching women's football on TV.

brixton
"My girlfriend eats to much chocolate and peanuts ! When i take it out her @rse it looks like a lion bar ."
Well I bet she gives you good oral then as soon as you take it out, she would be going at it like a dog eating a hot chip.

After 106 trading days, buyback complete to date:
Total shares to date.................................................3,291,373,065
Total Cost to date... ................................................ £1,467,965,897.30
Average price paid to date.......................................44.6p
Percentage of £2 billion buyback completed.........73.4%

Another paltry volume for buyback today, out of 151,859,408 Lloyds shares traded today, only 51 were purchased for the buyback. You have all seen my email correspondence today with Lloyds explaining the reason for the low buybacks! All to do with a computer algorithm programme controlling and making the decisions, and Lloyds themselves set the parameters for that programme.

July 2022 Update
We’ve updated the monthly list to include the latest dividend announcements. (Some of the companies, such as BT (BT.) and Vodafone, have put out trading updates without any dividend news.) More corporate news is on the way soon, with HSBC (HSBA), Pearson (PSON), Sage (SGE) and London Stock Exchange (LSEG) due to report in the first week of August.

Among those announcing dividend increases in the latest earnings season are Lloyds Banking Group (LLOY), BAE Systems (BA.) and RELX (REL). And Schroders (SDR), GSK (GSK), Unilever (ULVR), Reckitt (RKT) and Smith & Nephew (SN.) have held their payouts at previous levels.

Hopefully you know the drill by now: to make it on to our monthly list, companies need to have a narrow or wide economic moat, pay a dividend and have a forward yield of 2% or more. And they have to be in the FTSE 100. Of the 33 stocks which make the grade on these criteria, only 21 have a yield above 2%. RELX just makes the cut, but wide-moat drinks giant Diageo (DGE) just misses the cut with a 1.98% yield.

https://www.morningstar.co.uk/uk/news/111721/top-ftse-100-dividend-paying-stocks.aspx?

Referring to my post at 12:27 again, I said that the email I got from Lloyds also had a screenshot of a chart as an illustration of their explanation but could not copy that. I have now been shown how to copy that and post a link to it, so if anyone is interested and wants to see it go to this link.

https://postimg.cc/679TqWcD

After my post at 12:27, I had some further email correspondence with Lloyds as below:
"Morning again,
Thanks very much for your reply, it is very helpful. So to summarise, am I correct in saying that all of the share transaction buy decisions made are managed and governed by algorithms, it is not a conscious decision made by MS staff?
Regards,"

And the reply I got was as follows:
"Yes, that is correct. 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.
Many thanks,"

I sent an email to Lloyds Investor Relations this morning, I said that I had noticed that MS had suddenly appeared to have taken the foot of the pedal in 6 of the last 8 trading days of the share buyback with very little volumes being bought for the buyback. I asked if they had given any specific guidance or criteria to MS as to when they should or should not buy shares for the programme, and asked if they could explain the thought process for when to buy or not buy shares during the buyback programme. I have copied the reply I got below, very interesting, all based on algorithms.

"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.

I hope that is helpful.

Regards,"

He also had a screenshot of a chart showing this which I cannot copy here.

lti
So why did you even bother to post it? Those holding the shares are well pleased. You are trying to put a negative spin on payment of Special Dividends because you are the only turkey in the farmyard that votes for Christmas.

"so anyone buying now is paying an extra 16p + which will then be returned to them by the 'special' - sum gain = 0"
But all of those already holding will gain 16p won't they.

Brixton
Just looked at your post at 12:49 on Monday on the Natwest Group BB.........Mystic Meg MKII.....lol!

SUFC
"As I said I happy for NatWest, because I believe ALL boats rise in an incoming tide :-)"
Not true...some boats that have been sitting on the bottom to long have sprung leaks all over the place and do not rise when the tide comes in. They need to be dry docked to repair the leaks.

SUFC
Do you think the term "we bought a pig in a poke" applies? lol..........only joking!

Natwest up 8% already!