Member Info for longtimeinvestor

D24

''where is the bottom''

that is for investors to guess at, and take the appropriate action.

Vr

''The money spent on the buy backs aren’t doing anything for shareholders.''

it is time you got a better understanding - no good being an investor without knowing the basics

Be

btw - just for info, my last sale was at over 550p and since then my last purchase was at about the current level in September.

Rather than some constantly moaning about a share price, maybe they should evaluate whether another buying opportunity has emerged or not.

HSBC reached yet another 5 year share price high - closing in on a 16 year high

TSCO reached yet another 10 year high

LLOY up above a low £33 Billion valuation

Be

I will make it simple for you - Today BP would have made more in profits than will be spent on returns to shareholders by way of repurchased shares for cancellation.

Be

''thus creating a lower NAV''

??

buybacks are a return to shareholders just as a dividend is, both of which are paid out of recurring profits.

''You can't reduce the NAV by £b's and not think the value of the company be affected in some way?''

Once again ??

buybacks are a return to shareholders just as a dividend is, both of which are paid out of recurring profits.

Be

''So yes the buybacks have served their stated aim of reducing the share capital''

yes - end of

''at the moment the market has valued ''

Yes the market will value BP each fay - and?

''you know what was being implied by the statement''

yes, I was correcting a misplaced implied statement.

Buybacks have nothing to do with staff share schemes, which take place regardless.

Inv

''Oh yes it can - if the bought backs end up ‘in treasury’ (for distribution among the management - at a later date as bonuses).''

another laughable statement.

staff schemes have NOTHING to do with buybacks.

staff schemes take place whether there are buyback programmes or not.

Buybacks for cancellation reduce share capital over and above what the share capital would otherwise be.

5,300,000 shares were bought back yesterday which will be cancelled.

Fog

''If the buyback programme turbo charged a bull run as we've seen with some US stocks''

The sole purpose of the return to shareholders by way of buybacks is to reduce share capital. It appeared that disapproval of them were not so evident when BP was at 550p a share earlier this year.

It id the market that determines the valuation of BP , which is currently at about £61 Billion.

What I defend are the facts, which also includes the fact that shareholders vote in favour of buybacks

''Also last time, you and Happy were claiming that buybacks "put more money into the pockets of shareholders", which isn't true either.''

?? what?

A buyback is a return to shareholders. A reduction in share capital means that the price per share with any given market cap is greater than it would otherwise be. The market decides the value of BP on a daily basis.

In the last year, the dow has gone from 37,000 to 45,000 followed by a small pull back. Dow currently due to open at 43,550

Bb

''Lti I reported him the other day not for his stupid fat headed comments but his use of multiple IDs to vote up his own comments''

You have the wrong person

Ak

''You have your opinion which I do not agree with''

Mine is not an opinion it is a FACT - know the difference.

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

You comment was laughable because a buyback cannot fail in it's aim.

Buybacks were doing what they are meant to do earlier in the year as well, when the market put a valuation on BP at about 40% higher than today.

I would rather shares be bought back at under £4 than £5.50.

It is up to investors to decide whether BP at the current market cap represents a good buying opportunity or not.

It is demand or not for shares that will determine the market value at any given time.

Jak

''You have your opinion which I do not agree with''

Mine is not an opinion it is a FACT - know the difference.

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

You comment was laughable because a buyback cannot fail in it's aim.

. That's what this forum is meant to be for. I do not however ever suggest that another poster is laughable just because I do not agree with their point of view

Jak

''This is a laughing stock and I've argued on this board countless times that the share buyback process is a complete failure.''

Your statement makes you laughable - buybacks succeed every time.

The sole purpose is to reduce share capital - I think you will find that is happening on each buyback day.

G13b

''how many different handles have you had on here since your original incarnation''

it is about 130 - at one time he used to get through a few each day, with immediate bans from this site. For some reason they have given up and may even be allowing him multi ID's going unpunished.

T

''We need to stop buybacks and put all efforts into supporting the shareprice, with an immediate reinstatement of the pre Looney cut.''

ha ha- you need to learn a lesson

TSCO reached yet another 10 year high

LLOY market cap dipped below £33 Billion again

A123

''euro land still fairing much better''

get your head sorted out.

I am not going to explain yet again

The current share price is about the same as just before the start of the buybacks, meaning of course that the market cap has reduced quite a bit despite the improving outlook, but as I said great for share repurchases.