Member Info for longtimeinvestor

Inv

''is to stockpile uncancelled bought back shares being sidelined into that old trick “being held in treasury” - ie: for later internal distribution ''

trick? - weird.

There will always be staff share schemes whether shares are re purchased or not. It makes no difference whether a business re purchases and holds in treasury for some then to be used for staff schemes or whether they are cancelled immediately and new shares issued.

'' The Company intends to cancel these shares in accordance with the authority granted by its shareholders at the Company's 2024 Annual General Meeting.''

https://www.lse.co.uk/rns/BP./transaction-in-own-shares-dk2azkrws4h6b7q.html

''How many billions should that be, and what happened to it cos I ain't seeing it?''

obviously you are a dumbass

Jak

''You cannot claim that without the buybacks the sp would be a lot lower ''

I can.

''.because the 20 to 25 million daily spend on buybacks would have even invested elsewhere and generate potentially more profit''

If the BOD saw an investment better than the investment in BP shares then that is what they would have done.

'' I shudder to think of the billions we have spent on this ill-advised course''

It is only ill advised if they are investing in BP shares that are overvalued. If an investor feels that the current prices are over inflated then they should be selling. If on the other hand an investors feels the current prices are good value, then they should welcome the investment that BP are making on their behalf.

''I can only hope that the BOD will see that this hideous course of action is not the best use of funds.''

I think you will find that shareholders vote for the investment in BP shares, so you should be respecting a vote.

'' I want to see debt reduction''

Shareholders voted to invest in BP shares. The BOD are more equipped than you, to decide on debt levels - than is what they are paid for.

''better increase in dividends ''

buybacks help to support increasing dividend payments

..and better investment decisions.''

The BOD with the approval of shareholders have decided that investing in BP shares is beneficial for longer term shareholders - that is what they are paid for.

Small

''in my opinion buybacks deliver little, but it is hard to evidence either way''

they deliver what they are suppose to - to reduce share capital. The evidence will be there - you just have to compare the number of shares in issue now compared with a few years ago.

Ahha

''What do the rest of you think?''

Cable is always a factor to take into account,in relation to BP market valuations quoted in GBP .

The Ftse 100 would also take account of exchange rates, as most of the ftse 100 companies earnings are from abroad.

LR

''Not everyone thinks like you''

Well I think in a way to present the facts, not the opposite, which is the problem with some.

A share re purchase programme will pay prices that the market as determined on any particular day.

The purpose of a share re purchase programme is to reduce share capital..

EPS metrics will benefit and they will also help support increased future dividend payments.

Jak

''So much for buybacks supporting the share price''

without buybacks the share price would be a much lesser amount.

The lower the share price the better it is for share repurchase programmes.

The market values BP on a daily basis - currently about £70 Billion

Y11

''Can anyone work out the amount of money bp has over paid for there own stock''

They haven't overpaid - they have paid market prices.

'' and work out how many years of savings on paying dividend's on that stock before they actually save any money?''

?? what?

do you not know the purpose of a share buyback for cancellation.

The purpose is to reduce share capital and so being a return to shareholders.

EPS metrics will benefit and they will also help support increased future dividend payments.

Hu

''Why would they switch it off?''

who knows, but it is clearly not in operation as was the case between the 4th and 15th July without any logical price constraints.

67s

''They still have plenty of time left to spend the remaining cash.''

yes, and trading volumes may pick up from this mostly low volume period in the summer - wouldn't take long to spend the rest with higher volumes. Currently the average daily purchase amount by MS in only about 19 million.

Hu

''Why would they switch it off?''

who knows, but it is clearly is not in operation as was the case between the 4th and 15th August without any logical price constraints.

3i group reached another all time high

AZN up

Metro bank up

Holders of Lloyds making cheap shares available to purchase by the MS algo if switched on.

'' I wonder if anyone might have an idea why Lloyds has dropped today?''

JCB who had borrowed Yen to purchase Lloyds shares sold up to pay back the Yen in case the Yen further appreciated in value

Flec

''I can't remember a single time you've admitted to being wrong''

stop digging

I am not wrong - Lloyds went down on the 1st and 2nd August impacted by going XD and US data on those days. I gave all the evidence in detail at the time if anyone wishes to look back.

World markets fell on Monday 5th Aug due to media whipping up the Yen carry trades story on the weekend. End of

Lloyds went down a lot on 1st and 2nd Aug due to XD of 2 lots of US data, which I stated at the time

''Last Monday, global equities and digital assets underwent a dramatic selloff as the unwinding of the Japanese yen carry trade rattled markets''

Monday the 5th August

https://www.forbes.com/sites/greatspeculations/2024/08/12/global-markets-reacts-to-the-japanese-yen-carry-trade-unwind/

Flec

''You were wrong about the Yen carry trade''

NO I was not.

''You say it was US data that pulled down Lloyds''

Absolutely correct - how many more times? - stop digging

Flec

you should have learned your lesson over and over by now - I have never been in a hole - you on the other hand, multiple times, which were impossible holes from which you could get out from.

Flec

''Most recently in reference to the Yen carry trade unwind pulling down global stock prices, Lloyds and NWG included. After accusing me of talking nonsense''

I asked for when I was wrong .

How many more f ing times? - been through it multiple times already.

It was US date that took Lloyds down in addition to going xd on the 1st and 2nd Aug,and I gave precise timings of the events.

You then diverted to Yen trade, which I gave a one word reply to - 'nonsense' in relation to Lloyds, which it WAS.

You didn't like the response and then proceeded to go on and on about yen trades.

The weekend media/press who prefer the negative for a story gave coverage to Unwinding of Yen trades. This resulted on the Monday with falls in some markets. It did not affect Lloyds. Markets have bounced after allowing the more sensible to make purchases.

As I have said a few times already , unwinding of position bought with borrowed Yen in a process.

Once again, you will have to remind me, as to when I was wrong, as so far you have failed miserably.

Above