Member Info for longtimeinvestor

Another reminder to investors to think about.

Lloyds is currently valued at only £40 Billion as opposed to a valuation reached in 2015 of

about £58 Billion.

I lost count of how many times I posted at about the 40p level, that 13- 15% total shareholder returns were available Crazy that some sold out in the early 40's.

NC

''about Rosneft dosh''

It has been written down in the books but still would be BP's stake should normal relations with Russia came about in the future - better still if Putin was removed from within.

I guess that the dividends are still accumulating from Rosneft and kept somewhere still.

Good boost if it were ever written back onto the books

I have to add though, my purchases would be of far greater amounts when an opportunity comes about that I feel is irresistible, as in the case of sub 30p down to 24p as a result of the pandemic.

NC

''So wrong once in twenty years is not too shabby.''

How hilarious

Ant

''I hope you are blowing a decent cork''

I only sold a few of my holding - if I have accumulated a good number of shares in a stock up to an amount that I am happy to keep, trades then after are of relatively small amounts as a percentage of shares held. Of course if someone offered £2 per share for Lloyds tomorrow I would sell the lot, but whilst within certain ranges, purchase and sale amounts on each occasion will be relatively small.

That was my first sale in over 3 years, but have made a number of purchases in that time.

Dan

''Completely pointless comment of course.''

A factual statement is not pointless, and is stated when the need arises. It seems that is the case on numerous occasions.

The sole purpose of a buyback is to reduce share capital.

A buyback involved in a small percentage of the daily volume will not determine the direction or the extent to which the market may wish to take the share price during the course of a day.

If a hundred thousand share were on offer at 65.5p and if not higher than the last traded price, the buyback program may purchase 10,000 of them. If the market was then not interested at purchasing at that level, a new offer may come in at 65.4p leaving the 90,000 not bought. The buyback programmes purchase would be history and would have made no difference to the pricing direction of the market.

If the market maintained a constant market cap valuation then the price per share after Billions of shares were bought and cancelled would obviously increase.

Without checking I expect that the market has been placing a decreasing market cap valuation on Vod which is why the share is at the current 65.1p

Be

''Therefore buybacks are creating demand for buys so the the MM don't have to drop the SP even more to get a buy to match a sell.''

doesn't work like that - a buyback would not halt a sustained falling share price.

A buyback can only purchase a certain percentage of what is on offer, and not at a higher price than a previous market transacted price, therefore not driving the price up.

CNA well up on results

LLOY well up on results to finish at just over a £40 Billion market cap which is still way below the all time high of about £58 Billion

Fakey still predicating sub 35p for this year (rolled over from previous years)

Brixton still waiting after over a year for a crash to get to a similar level in the 30's.

In the meantime has enjoyed his 4% yearly return on cash.

Newchurch comfotably into profit with her NO.1 investment choice

LR

''at any given time the Market could Value''

at any given time VOD will have a market cap valuation.

Be

''Are you denying that one of the measures used would be buying vs selling pressure, so millions of sells and zero buys wouldn't result in the market having to reduce the ask price ''

?? crazy statement

every sell has a matching buy - market just labels an exchange of shares as a buy or sell dependant on the price it was exchanged at. Some are labelled 'unknown'

share buybacks can only purchase a percentage of what is on offer, and also have pricing criteria throughout the trading day.

X10

''no sign of him''

it is 'her'

Yes NC likes to always very negative with Lloyds

It is beneficial for buybacks to be conducted at the best (lowest) possible prices - still over a year to go to complete planned buybacks

Correction

NO - shares held in treasury are due to be either CANCELLED or used for staff schemes (including staff purchases) when they become due.

Ido

''they are obviously having an effect on the share price, even if that is just keeping it where it is.''

it doesn't work like that.

The market will decide the valuation of Vod on a daily basis.

Buybacks are conducted within rules regarding amount that can be bought and pricing levels

''When they stop buying there will be 'less buyers', so the price may well start to fall again''

it doesn't work like that.

The market will decide the valuation of Vod on a daily basis.

Lloyds finished their buyback when the share price was under 55p - currently over 66p.

''Additionally they are not buying them to destroy them, they are keeping them in treasury, which means they likely intend to sell them at a later date (or hand them out to directors as part of their remuneration package), when the price recovers, or if they need the cash.''

NO - shares held in treasury are due to be either sold or used for staff schemes (including staff purchases) when they become due.

Hu

''Brixton sold all his Lloyds shares @ 55p ''

but he is very happy with his 4% yearly interest on cash waiting for the big crash into the 30's

Average price on remaining now 18.96p

Some at about 66.7p

Pb

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=LLOY

Past

they didn't look poor to me looking at the forward guidance

67s

so you are hoping that the buyback programme will get decreasing prices.