RE: Jumping ship14 Feb 2026 21:28
NC
''So I don't blame Lti, but the thing is, he always defends Lloyds blowing a fortune on buybacks and derides more spent on div's, yet he has recently rid himself of many Lloyds shares, and bought into a now 6% paying UK banking stock, instead of this laggard.''
'he may enlighten as to why he sees NWG as a better play than here''
jumping ship? - you have lost the plot
laggard?- you have lost the plot
I had far far too many Lloyds after my many no brainer purchases at low valuations, and still have loads and loads, with a lot more to sell at higher valuations.
I have parked proceeds into other stocks such as SMIF (where I am getting over 8.5% dividend yield) as a way to lock in sales at very much appreciated values.
NWG also do buybacks.
I said when Lloyds was very lowly valued that I didn't mind how low the share price went because that meant a much faster share capital reduction. I have also said that I am happy for the BOD's to decide the best way to make returns to shareholders.
My Lloyds shares are worth XXX times more than my NatWest .
I have to use the spare cash somewhere - I bought NWG simply because it had been about 25% higher not much more than a week prior to my purchase.