Member Info for hardup

Brixton will be smiling like a Cheshire cat.

I think they should buy the maximum they are permitted every day whilst the SP is sub 50p. What if the SP does not retrench to 41p/42p, buy the time they realise it wont, they could have missed the opportunity to buy shares cheaper.

For anyone that is interested.

https://investors.natwestgroup.com/~/media/Files/R/RBS-IR-V2/results-center/29072022/natwest-group-mgnt-presentation-slides-h1-2022.pdf

WOW....3.5p interim dividend plus 16.8p special dividend taking total dividend to 20.3p! Also said together with share consolidation so that will dampen it a bit.

........so maybe have a good jump in SP on open tomorrow.

WB
"So i take it they bought ZERO back today, good thinking you'll probably get them for 42p next week great minds think alike."
Oh dear..........you're wrong again!

Dan
"I hoped to understand opinions of long term investors as a different viewpoint."
Well you will certainly get plenty different viewpoints on this board, from bargain of the century, screaming buy, hold, sell, don't touch with a bargepole....resulting in a total mind feck for yourself. lol. Good luck anyway whatever you decide.

After 105 trading days, buyback complete to date:
Total shares to date.................................................3,291,373,014
Total Cost to date... ................................................ £1,467,965,874.43
Average price paid to date.......................................44.6p
Percentage of £2 billion buyback completed.........73.4%

Low volume again today for todays buyback, only 2999 shares bought back today out of a total of 146,966,906 shares traded?

"Doubt it, they can buy them back even cheaper in the next few trading days with the inevitable drop back to 42p. Enjoy the slide back down it won't take long."
You got the afternoon of from caddying for the rich boys on the golf course today?

The day Lloyds gets upgraded target prices from the brokers the SP falls. Hmmmm

That's half of yesterdays gains gone already........life goes on. lol

Or as Basil Brush says.....BOOM BOOM

All of the American banks had good gains on news the FED raised rates by 0.75%. Hopefully the UK Banks will also gain today of the back of that. Barclays results today as well.

There are restrictions on Directors buying or selling shares 60 days before the announcement of results. Never heard of restrictions on share buybacks prior to results being announced.

tophat
Your theory does sound plausible.

After 104 trading days, buyback complete to date:
Total shares to date.................................................3,291,370,015
Total Cost to date... ................................................ £1,467,964,532.68
Average price paid to date.......................................44.6p
Percentage of £2 billion buyback completed.........73.4%

Just can't figure out why MS did not hoover up the shares Monday this week and Tuesday, Wednesday, Thursday and Friday last week at least 4% cheaper than they paid for the 10 million shares bought today?

briall
"nterim 2019 1,12p "they get remuneration" and pay increases
does not appear to be progressive"
The dividend was rebased in 2021, total dividend for the year was 2p. Total dividend for this year should now be 2.4p (interim 0.8p and final 1.6p). That is an increase of 20%. That is progressive from the rebased level.

Lloyds added to the list of recent positive updates by FTSE 100 companies as the bank said it was thriving in the higher interest rate environment while their mortgage book jumped.

Despite putting aside £377m provisions for bad debts, the surge in net interest income to £6.1bn in the six month to June 2022 helped drive underlying profit of £3.7bn.

“Lloyds has stepped onto the half-year court fighting. Half year results show a serious improvement in net interest income, as rate rises and accelerated UK consumer activity boosted performance, with the difference between what Lloyds earns in interest on loans and the amount it pays in interest on deposits, moving in its favour,” said Sophie Lund-Yates, Equity Analyst at Hargreaves Lansdown.

“Impairment charges look large on paper but were in fact rather benign in nature. This, combined with the improved efficiency profile bodes well for future returns. The framework is set for much improved profitability too, which increases the chasm between expectations and the group’s valuation, potentially setting the scene for further buybacks.”

Lloyds highlighted a plethora of positive moves in key metrics including an enviable increase in net interest margin to 2.77% from 2.5% in the same period a year ago.

Lloyds mortgage book rose £3.3bn to £296.6bn as overall loans rose to £456.1bn. Total deposits also grew as the bank enjoyed inflows from customers.

https://ukinvestormagazine.co.uk/lloyds-benefits-from-higher-interest-rates-as-mortgage-book-grows/?

Prime.
I speak from the perspective of someone who was not a shareholder when the PROPOSED dividend was withdrawn. I do fell empathy and understand the frustration and anger of those who were shareholders at the time, and will leave it at that, as this subject will no doubt grow arms and legs as the day progresses!

I was a mile off as well but a bit closer than you Brixton. I am really surprised they hiked it 20% but am very happy with it as well!