Member Info for hardup

"Labour are clearly taking us to records highs!!!"

Yes

1. Higher unfunded wage rises.

2. Higher taxes.

3. Higher numbers of Asylum applications approved.

4. Higher Government debt.

After 126 trading days, buyback complete to date:

Total shares to date...................................................2,374,797,956

Aggregate cost to date... ............................................£1,261,715,542.89

Average price paid to date..........................................53.1294p

Percentage of £2 billion buyback completed............63.09%

STP........why is it everyone kicks you instead of the ball! 🤣🤣🤣

After 125 trading days, buyback complete to date:

Total shares to date...................................................2,358,991,170

Aggregate cost to date... ............................................ £1,252,488,410.60

Average price paid to date..........................................53.0942p

Percentage of £2 billion buyback completed............62.62%

No shares bought back today so no change from update for 14th August/120 days trading days .

After 124 trading days, buyback complete to date:

Total shares to date...................................................2,358,559,716

Aggregate cost to date... ............................................£1,252,236,951.87

Average price paid to date..........................................53.0933p

Percentage of £2 billion buyback completed............62.61%

"Glad to see my 3i shares hitting record highs."

🤮

" by the MS algo if switched on."

Where do you get your information saying MS can switch the algo off at their discretion? Why would they switch it off?

MV.......there is a link at the bottom of this post to the latest Full Year Results 2023 for Black Horse Ltd where you can find information on it's loan income. Page 2 of the report is interesting reading, copied below.

"Motor Commission Review.

The Company recognised a £324,000,000 provision for the potential impact of the FCA review into historical motor finance commission arrangements and sales.

The Company continues to receive a number of court claims and complaints in respect of motor finance commissions and is actively engaging with the FOS in its assessment of these complaints. On 10 January 2024, the FOS issued its Final Decision on a complaint relating to the Company, as well as decisions relating to other industry participants. On 11 January 2024, the FCA announced a section 166 review of historical motor finance commission arrangements and sales and that it planned to communicate a decision on next steps in the third quarter of 2024 on the basis of the evidence collated in the review. The FCA has indicated that such steps could include establishing an industry-wide consumer redress scheme and/or applying to the Financial Markets Test Case Scheme, to help resolve any contested legal issues of general importance.

Following the FCA Motor Market Review in March 2019, the FCA issued a policy statement in July 2020 prohibiting the use of discretionary commission models from 28 January 2021, which the Company adhered to. The Company continues to believe that its historical practices were compliant with the law and regulations in place at that time.

As noted above, in response to both the FOS decisions and the FCA announcement the Company has recognised a provision of £324,000,000. This includes estimates for operational and legal costs, including litigation costs, together with estimates for potential awards, based on various scenarios using a range of assumptions, including for example, commission models, commission rates, applicable time periods (between 2007 and 2021), response rates and uphold rates. Costs and awards could arise in the event that the FCA concludes there has been misconduct and customer loss that requires remediation, or from adverse litigation decisions. However, while the FCA review is progressing there is significant uncertainty as to the extent of misconduct and customer loss, if any, the nature and extent of any remediation action, if required, and its timing. The ultimate financial impact could therefore materially differ from the amount provided, both higher or lower. The Company welcomed the FCA intervention through an independent section 166 review."

https://www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/other-subsidiaries/2023/q4/2023-bh-annual-report.pdf

It's not just Lloyds.......Natwest and Barclays both down by same amount. FTSE 100 also down circa -0.93%.

Encouraging to see that even without the support of the buyback in operation, not only is the SP holding it's own it is creeping up.

No shares bought back today so no change from update for 14th August/120 days trading days .

After 123 trading days, buyback complete to date:

Total shares to date...................................................2,358,559,716

Aggregate cost to date... ............................................£1,252,236,951.87

Average price paid to date..........................................53.0933p

Percentage of £2 billion buyback completed............62.61%

Asperger, add some vomit bags for those getting sick of reading STP's repetitive nonsense.

STP....."My remark was qualitative in nature"

Horse 💩..........calling someone "boring" is not being qualitative.

My remark was saying it as it is and it seems there are others who agree.

STP........"Hardup, playing the man again, not the ball."

As you did in your previous post.

STP

W⚓

"The Cons made no progress whatsoever regarding illegal immigration into our country other than blowing billions of pounds of our money whilst bickering among themselves."

Because they were blocked at every thing they tried by the unelected House of Lords.

Stagecoach

"Lloyds and NatWest profits could be lifted over 80% from unwinding of interest rate hedges"

https://www.proactiveinvestors.co.uk/companies/news/1049980/lloyds-and-natwest-profits-could-be-lifted-over-80-from-unwinding-of-interest-rate-hedges-1049980.html

Gate......I think you maybe had to much to drink last night........BLB's post on the 14th August was made on the VANQ board. 😎

For now, and despite continued risks, a consensus analyst fair value estimate of 62p per share and forecast dividend yield of around 5.4% are likely to keep long-term fans of this UK banking giant on side.

The average rating of stock market analysts: Buy

https://www.ii.co.uk/analysis-commentary/ii-view-lloyds-bank-optimistic-during-key-year-strategy-ii532555

Brixton.

The buyback gets voted on for approval by shareholders at the AGM every year and is always approved with an overwhelming majority.