Member Info for hardup

After 26 trading days, buyback complete to date:
Total shares.............................................................1,083,727,100
Total Cost... ............................................................. £505,636,264.02
Average price paid to date.......................................46.657p
Percentage of £2 billion buyback completed........25.28%

The cancelled shares to date will save £14,413,570.43 from the Final Dividend payment which goes ex-div on 7th April.

"Skier the banks have very little interest in savers/depositors...its the borrowers in all forms they want/chase..gl"
Correct me if I am wrong, but I would have thought the banks are very interested in savers/depositors; it is the savers/depositors money that they lend out to the borrowers. If all the savers/depositors withdrew all their money the banks would be fecked.

Another reasonable volume bought back today.

Ordinary Shares

Date of purchases: 01 April 2022

Number of ordinary shares purchased: 51,369,286

Highest price paid per share (pence): 48.16

Lowest price paid per share (pence): 46.89

Volume weighted average price paid per share (pence): 47.66

Such purchases form part of the Company's existing share buyback programme and were effected pursuant to the instructions issued to the Broker by the Company on 24 February 2022, as announced on 25 February 2022.

The Company intends to cancel these shares.

http://www.rns-pdf.londonstockexchange.com/rns/0457H_1-2022-4-1.pdf

The RNS on 31st January said there were 71,038,165,242 shares in circulation. Since the 31st January a total of 1,032,357,814 have been bought for cancellation, and 57,000,000 million new shares have been issued, so applying both of these to January figure gives a net figure of 70,062, 807,428. Todays RNS says there are 70,176,792,699 shares in circulation. So there is a difference there of 113,985,271 shares which have sprung up from somewhere? I have seen no RNS anywhere to explain where these extra shares came from?

I have noticed the RNS Transaction in own shares last night had an extra line at the bottom:
"Since the commencement of the share buyback programme to repurchase up to £2 billion of ordinary shares, as announced on 25 February 2022, the Company has purchased 1,032,357,814 ordinary shares for a consideration of £481,153,662.32."
The total number of shares purchased agrees with my figure but there is a slight difference in total cost(excluding stamp duty), or as the RNS says, consideration, to what my calculations give. My figure comes in at £481,154,709.96 which is £1047.64 more. I have gone back through all the RNS Transaction in Own Shares issued to check the daily amount of shares and the average price are what I have input into my spreadsheet and they are correct. So not sure why the small difference? Maybe their figure is using price which iis more than 2 decimal points? If I amend yesterdays average weighted price from 47.61p to 47.608131p and input that into my spreadsheet then the figures will then match. Anyone any comments?

67S,
The Tier 1 Securities RNS is in relation to Lloyds buying back and cancelling some of their debt which they were paying over 7% interest on. Look at caspinos post today at 16:21, he is very knowledgeable and explains this in more detail.

After 25 trading days, buyback complete to date (I've added a couple of extra lines for average prices paid):
Total shares.............................................................1,032,357,814
Cost... .................................................................... £481,154,709.96
Average price paid excluding Stamp Duty..............46.607p
Stamp Duty @ 0.5%................................................£2,405,773.55
Total cost inclusive of stamp duty... .................... £483,560,483.51
Average price paid inclusive of Stamp Duty...........46.84p
Percentage of £2 billion buyback completed........24.18%

The cancelled shares to date will save £13,730,358.93 from the Final Dividend payment which goes ex-div on 7th April.

Better volume buy back today.
Ordinary Shares

Date of purchases: 31 March 2022

Number of ordinary shares purchased: 56,054,047

Highest price paid per share (pence): 48.57

Lowest price paid per share (pence): 46.88

Volume weighted average price paid per share (pence): 47.61

http://www.rns-pdf.londonstockexchange.com/rns/8565G_1-2022-3-31.pdf

fleccy
I read in the press that Putin was dropping the threat to take payments in Roubles for gas exports?

https://www.reuters.com/world/europe/germanys-scholz-did-not-agree-with-putin-rouble-energy-payments-spokesperson-2022-03-30/

Falky
What happened to
"You will see Lloyd’s sp hitting *35p - 40p* range in 2022...
Happy to put £10 to charity on it.....ALL IMHO-DYOR"
LOL

"triggered at 46.947"
Kind of contradicts your post at 14:31! lol.
"flec
I would say SB OPENED at xx.xx
you haven't been paying attention"

It is you who has not paid attention to what you posted only 1 hour ago! lol

"Welcome
To the Harduptimeinvestment show"
Its similar to the Brixton loves Chips show.

Everyone knows there is only one liar on this board.

fleccy
You beat me to it, my finger was just about to hit the post button! lol

67S
"Lol. I bet its sheer coincidence that Shells customer portal isn't working today."
I am with SSE for electricity. I have an online account so went to logon today to submit a meter reading, but was told due to high density I was unable to logon. It did prompt me to fill in a online form with account number, name, address and post code, email address, followed by meter reading. I also emailed a meter reading to them separately just to make sure they got it.

snige
Agree with everything in your post at 13:05, but you have missed another important point; continually post details on this board of every spread bet price opened and closed as if anyone on this board gives a feck!

Bumble
"I would suggest some of the mining shares are better bets!"
Now maybe not the best time to open new investment in mining shares as most have been driven up by the Ukraine/Russia fight. Expect they will fall back some from current levels once the fighting is finished and everyone friends again.

"I was starting to wonder if some rascal hasn't swapped over the buy and sell buttons on their computer.."
I am struggling to understand why they only purchased 7,489,166 shares yesterday? Is their brief to purchase the maximum amount they are permitted each day? It seems not given yesterdays buyback and also the buybacks on 11th, 14th, 15th and 16th March? Would be interesting to know what the actual brief they have been given by Lloyds to execute the buy back to completion?

ISA millionaires up by two-thirds and by investing in Lloyds Bank and AstraZeneca.
Blue-chip companies, including those that traditionally pay strong dividends, are widely held while the funds are a mix of the most popular.

https://www.proactiveinvestors.co.uk/companies/news/977875/isa-millionaires-up-by-two-thirds-and-by-investing-in-lloyds-bank-and-astrazeneca-977875.html

Lloyds Bank, AstraZeneca and Unilever are apparently three of the ways you can become an ISA millionaire, according to the latest study of the portfolios of its customers by Hargreaves Lansdown.

The number of ISA millionaires on its books has jumped by two-thirds to 973, while overall there are now 2,000 in the £1mln club said the wealth platform.

Most are aged in the seventies but some are in their twenties said Hargreaves Lansdown, which given that the annual allowance is £20,000 suggests some of the investments are a bit racier than Legal & General or GlaxoSmithKline, both of which are also in the top ten holdings list.

fleccy,
" but my guess is that most are working class who've saved their @rses off, and invested rather than blowing their cash on booze, fags, and takeaways."
I'll hold my hand up and admit I fall into that group.