Member Info for longtimeinvestor

Dt

banks should not need excuses. It is not the right of a depositor to get X% return on their cash from their bank. About 4% tax free available with Premium bonds. Let market forces determine what banks need to pay in order to sustain any needed deposit levels.

Mam

'' another additional £1bn H2 in buy backs.''

I have already emailed Charlie to suggest more than £2 Billion should be directed at buybacks in 2023 at these price levels.

It would be a big surprise though if they announced more at half year results.

''"Question are shareholders really benefitting from this!!"

40,195,239,392 shareholder votes see the benefit

Q&A

''Why are you undertaking a share buyback rather than a special dividend?''

'' The Board’s current preference is to return surplus capital by way of a buyback programme given the amount of surplus

capital, the growth in ordinary dividends and the flexibility that a buyback programme offers''

26 years

GB

''It is pure fantasy.''

Incredible how you think that my having an average net capital cost on my current holding in Lloyds shares working out to be about 20p per share , after about 36 years of trading in Halifax/HBOS/Lloyds is hard to believe.

If a new investor had bought at 24p in 2020 and sold half at 48p they would have recovered all of the capital cost of the purchase, with a free ride on the rest in only about 8 months .

After a much shorter time frame as examples I hold AZN with only needing a sale of my remaining shares at 192p per share to recoup my capital outlay, and in 3i Group I have already recouped thousands more than my outlay and still have shares remaining .

Simply not good enough to suggest 'fantasy' simply because you are either a non shareholder of any stock or are doing very badly - that would explain it though.

I am not sure of the purpose of your posting on the Lloyds board.

Recently with Lloyds - many investors sitting on their hands.

Not helping with getting the buyback completed whilst at a low pricing level.

Https://www.express.co.uk/news/politics/1791288/brexit-trade-deal-cptpp-kemi-badenoch

https://www.express.co.uk/news/politics/1791545/brexit-breakthrough-trade-deal-kemi-badenoch-cptpp

''Polish squadrons in the Battle of Britain ''

They came late to the game after many of the best German pilots had already been shot down and killed along with a number of good UK pilots.

Polish squadrons shot down about 200 with a Czech pilot in their squadron taking down 17 alone. This was out of a total of about 1740 enemy planes shot down.

As with present day Ukrainians, there is extra determination to repel an enemy occupying your country

Sh

''but if the sp doesn't increase the value of your holding doesn't change.''

but nothing to do with buybacks

Pool

''Who is actually benefiting from these?? Because as I see we aint!!''

you don't see clearly - they benefit long term shareholders.

Without them there would currently be 11,521,144,613 more shares on the market.

The percentage ownership of an investor retaining their shares increases after each day that shares are cancelled

Rather than liquidate Lloyds shares many would prefer to keep them for the double digit returns., with the forward dividend yield alone in the coming years most likely beating the rate available with cash.

Also with having cash locked away for a year or two, that opens up a reinvestment risk, whereby the share price may have increased by 15%, 25% etc in that time frame .

''Polish squadrons in the Battle of Britain ''

They came late to the game after many of the best German pilots had already been shot down and killed along with a number of good UK pilots.

Polish squadrons shot down about 200 with a Czech pilot in their squadron taking down 17 alone. This was out of a total of about 1740 enemy planes shot down.

As with present day Ukrainians, there is extra determination to repel an enemy occupying your country

I am certainly hoping for a substantial rebound in price from my 1st June purchase level.

Hopefully the prospects for the business is at the start of an improving trend.

M

I am sure that the Fed would hope that core inflation would continue into the future at low monthly changes, but inflation figures look back in time. Too early to extrapolate from a single months figure what the YoY figure will be in 12 months time.

M

''Even core at 0.2% is annualised at 2.4%''

?

US core inflation stood at 4.8% in June

Pleased with what appears at the moment at least, to be a well timed purchase.

Current market cap is so low in comparison to NAV of about £9 Billion

At about 299p

Yes, if the shareholders did not approve it on the 25th July

''You can also look at it from another angle''

''This act alone would catapult the shares upward.''

the market decides on a daily basis the market cap (valuation) of Vodafone ,with shares being EXCHANGED. Why would shareholders be prepared to pay 1,2,3,4,5% + etc more per share than at the start of dividend payment day, only for it to fall back to the previous market cap with sellers taking advantage of a e temporary higher valuation ?.

Purchasing 5% of shares in a buyback for cancellation however would increase the price per share if the market cap (valuation) is maintained.

I hold quite a few Vodafone shares, and would have no complaints if funds were diverted from dividends to buybacks at these low price levels, but I accept whatever the policy of the BOD decides.