RE: Buyback update13 Aug 2023 12:16
GB
''Buy backs do not affect the share price, you have seen this countless times. Markets affect the share price''
The market is currently valuing Lloyds at about £27.6 Billion (about 43p per share)
''Buy backs do not affect the share price''
They OBVIOUSLY do, but not noticeable on a daily basis of course.
Without the number of shares that have been bought and cancelled based on the the current market value view of Lloyds then the share price would have equated to getting on for 7p per share less than it is currently.