Member Info for longtimeinvestor

Out at over 487p.

I purchased at 396.5p on 19th Oct 2023 so making over a 20% return.

This follows an 11 month hold of the stock between 2016/17 where I took a 40% gain.

You never know I may be back for a third time.

Good luck to BDEV holders - shame about today's disappointment.

Flec

''Vodafone could probably afford to buy back €3.5 Billion worth of stock a year if they suspended the dividend ''

repurchase rules would make it impossible to purchase that amount of stock in a year based on the current price and share volume

When are UK politicians going to think of future generations rather than kick the can down the road for them to deal with.

An ever increasing population is like a giant PONZI scheme.

A constant population number is what is needed for our small island.

Any short term ( a generation) negative consequences of a maintained level of population would just have to be dealt/coped with.

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.

Flec

''Since Vodafone shares are so cheap it makes perfect sense to suspend the dividend completely, and plough every spare penny into debt reduction and share buybacks''

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.

Car finance - OLD NEWS - fca changed the rules a number of years ago.

W

I made my first purchase in July 2022 after the share price had retreated from near the £1 level a year earlier. In anticipation of possible further falls It was not a 'fully in' investment.

I then purchased further tranches down to the 69p level, now giving me a good amount invested at an average 74p per share.

The share price was always going to move dependant on the forward outlook of long term Gilts , US bonds , bank base rates etc.

The only investment risk is if any of the underlying investments are no longer able to pay interest on their debt obligations.

I am sure that SMIF investments are carefully selected

SMIF do not have a high percentage invested in any one debt instrument - indeed their top holding Nationwide only accounts for less than 4% of the total.

Very roughly Lloyds sold about 30 Billion shares to HMG at over 73p per share.

Currently Lloyds have bought back 12,379,829,989 of those shares at an average of about 49p.

NC

''that money should instead by used to 'make' more money for the company''

if the BOD saw an acquisition opportunity that would be a better investment than purchasing lloyds stock then they would make such an acquisition.

It would seem that not all shareholders can be satisfied with others wanting all returns made with dividends and others wanting the group broke up and sold.

Investors need to accept that there is a BOD's running LBG who make the decisions and sometimes need shareholder approval. Investors not happy with a strategy are free to invest elsewhere.

NC

''if buybacks hadn't have taken place at all, and divs given instead, as then it would show the TRUE valuation the 'market' puts on Lloyds, which IF buybacks do 'add' value, would be a lot lower than it is now.''

The current 'TRUE valuation' that the market currently values LBG at is £27 Billion, the difference in price per share then comes down to the number of shares in issue.

A reducing share count helps with a progressive dividend and so far reductions have been made at an investment cost per share a lot lower than was raised per share when shares were issued to HMG. I am sure investors would have liked to have sold for over 70p and then had the chance to purchase back at a much lower level.

Brix

lti

4 Feb 2024 18:38

'' "Small investors pull money out of UK stock market at record pace"..

As I have already mentioned , the number of LBG investors has decreased every year since it was formed and yet retail investors still in the market like to blame the BOD's of Lloyds and other UK listed companies for the lack of risk appetite for the stocks, creating low valuations.

Every cloud has a silver lining though - good for share buyback programmes and for any personal top up's. ''

Geof

''Not long ago i read sp of 39p for lloy. dont look to silly now does it?''

only 39p? - Fakey says under 35p this year and even better -

J46

11 Mar 2021 14:31

‘’should ensure we can pick Lloy up @ ~ 13p’’

G13

yes a good monthly income with any capital appreciation a bonus.

Cook

It has been explained countless times - I cannot believe that someone after been informed countless times still does not know the difference between a share consolidation and a share buyback for cancellation. Dealing with age related cognitive issues is too frustrating for me

Cook

''i probably shouldnt ask this but''

no you shouldn't - just makes you look more ill-equipped for the stock market

Brix

I have zero stress with SMIF, as I haven't with the likes of my National Grid investment that I have held for many years giving me a personal yield of about 9% on my current average price.

Brix

I don't consider the likes of Nationwide building society not being able to pay interest on it's borrowings as being high risk - do you?

Brix

'' Lti says my 2 NS&I monthly income Bonds @ 6.2% were a silly bad nonsense investment. And those i'm getting under 5% is Bonkers apparently. ''

you shouldn't continue to make things up.

I repeat - I prefer my SMIF investment giving 10% tax free in an ISA paid monthly, and currently on top a 10% increase in capital value on my average price paid

Cook

''probably best to do a consolidation 20 for 1 ,then you have fewer shares overnight too easy''

I am not sure that stock market investments are for you

Cook

''it does not matter how many shares there are it is only maths ''

Only maths? - I think you will find that maths matter, when dividing what the market believes Lloyds is worth by the number of shares in issue.