Member Info for longtimeinvestor

Https://www.santander.com/en/stories/share-buyback#:~:text=A%20share%20buyback%20is%20when,higher%20return%20on%20future%20dividends.

Market cap 1998 £228 million

today market cap $ 123 Billion

Yes an excellent day

Btw HFEL invest in businesses not an index

Sk1

incorrect

Hfel had a high china exposure years before the peak in which it sold into .

exposure was increased again at the end of 2022 way off of highs. this was then quickly reversed.

Chinal/Hong Kong still make up about a quarter of the portfolio.

India investment made well before the current high index values

Is still tight, with about 200,000 more vacancies than at June 2016, and the unemployment rate is also comfortably lower than June 2016

At under 64p.

will look to top up further on any more significant falls

Flec

''in Lloyds case I agree that buyback's feel pointless''

what you feel and what is a fact are two different things - Lloyds buybacks are great for shareholders wishing to hold for the long term

G59

''share buy backs do not have any tangible effect on the share price of a company''

do you not read - yet again -

A buyback is made to reduce shareholder equity - the market determines the valuation of a business on a daily basis.

Putin could invade Ireland - they are not in NATO.

I expect the Irish are counting on Nato to come to the rescue on such an invasion plan without having the expense of being a Nato member.

About time the Irish decided what side of the fence they want to be, rather than sitting on it.

Rob

''If it doesn't increase the share price then their's no benefit to us''

the market decides the valuation of a business not a buyback

Rob

''but it's made no difference whatsoever to the share price for Lloyds and most likely won't make any difference here either''

did you not read properly? -

A buyback is made to reduce shareholder equity - the market determines the valuation of a business on a daily basis.

The market currently is putting a lower valuation (market cap) on Lloyds than a year go

Rob

A buyback is made to reduce shareholder equity - the market determines the valuation of a business on a daily basis.

If the market does not give a lower market cap valuation then the price per share would increase with a buyback and cancellation

With further falls from here - hopefully for the more nervous of investors, I will not have to do so.

A buyback of that amount won't happen, so irrelevant in any case.

LTI

'' I would have thought that if the dividend was scrapped, then the whole amount in a subsequent year 1 should be all put towards buybacks as they are at a higher percentage saving than that of the debt interest.

I have mentioned this before - also for improved sentiment reasons , the following years of buybacks could have the same amount of money allocated on an outstanding 'per share count' basis with the difference in budget from the previous year put towards debt reductions.

This could continue at least until the share price is at double the current price.

I have also already said that i would be happy with a continuation of the current level of dividend or any other split ratio between dividend and share repurchase cancellations.

So very roughly with a cancelled dividend -

year 1 buybacks - £ 2 Billion budget equal to X amount per share in issue at start of buyback.

subsequent years buyback budget would be X multiplied by shares in issue.

Then £2 Billion minus the buyback budget used for debt reduction.''

But still very tough to spend that amount on a buyback

Obviously i remembered wrong - couldn't be bothered to re check.

Vod could make a tender offer though - at 70p - any takers?

Sorry 15%

Flec

??

average daily volume is about 90 million.

The maximum repurchase allowed is 10% of average volume.