Buybacks8 Aug 2018 17:18
do seem to ruffle feathers,and nobody gives an inch.Some quote the recent 1.0p rise in divi to1.07p as manna yet few expected any less and most 1.15p.Dividends are not toxic, you can reinvest as I always do or as the great LTI repeats ad nausem sell them.Some say that without buybacks we would be at 52p a share whilst others claim 82p a share and my type would shut up.I would indeed some hope of 82p here, as for it dropping to 52p finger in the air quote,lol.
The facts have been put before you often but discounted,rightly so why read anything you do not understand or worse don`t want to.
To put it simple BUYBACKS have proven they do not work for LLoyds.
I repeat give people the money instead and the Funds Managers would be looking 7.5% return as against 5%, a figure that would give a liquidity they could not ignore.Any BoD that has dragged the share price to 62p from 86p two years + ago would with everything in their favour be kicked out.When did the last Fund Manager increase their holding here?
Even some here told you of the benefits of Bitcoin which has halved in value since.Many spout rubbish because they are wealthy in their own minds only but given a solid Company in which are really invested and they shout hurrah for Buybacks.Ignore the free share options printed for staff and directors and it could benefit in around 10 years, but few have immortality.
GLA,its only money.Oh no its not,its buybacks.