Member Info for longtimeinvestor

The benefit of buybacks at some time this year would have been a reduction in share count of about 12 Billion shares over what it would otherwise have been.

So for example 75.5 Billion shares instead of possibly getting nearer to the 63.5 Billion amount later this year.

Flec
I don't think you understand.
I am giving the benefit of share buybacks - a soon to be a reduction of about 12 Billion shares.

NOTHING to do with additions for staff schemes.

If you want to deviate from the benefit of the buybacks, don't make replies to me suggesting the benefits are somehow diminished because of staff schemes.

Make you own separate thread if need be.
A1 already gives share totals since 2018-if you want to add a graph that is good, but don't come back and give net differences in share totals as an argument against buybacks.

flec
''I'm only interested in the monthly Total Voting Rights figure''

A rights issue or consolidation can alter that.

The thread was not about employees having save as you earn schemes or employees having some remuneration paid in shares instead of cash.
You have made it so simply because you do not like Lloyds investing in Lloyds shares.

This is about the effect of the share repurchase programmes, which is
at some time this year there would have been a reduction in share count of about 12 Billion shares over what it would otherwise have been.

So for example 75.5 Billion shares instead of possibly getting nearer to the 63.5 Billion amount later this year.

btw the value that the market values Lloyds at has nothing to do with off market exchange of shares. Just another divergence (complaint) by you because you are not seeing a market revaluation of Lloyds (yet)

investors purchase new shares in a rights issue.
Investors are given new shares in a share split.

Nothing to do with share buybacks.

flec
''I was just pointing out that Block listings add to the shares issued ''

why state the obvious?
employees purchase new shares
employees are given new shares instead of cash.

This is about the effect of the share repurchase programmes, which is
at some time this year there would have been a reduction in share count of about 12 Billion shares over what it would otherwise have been.

So for example 75.5 Billion shares instead of possibly getting nearer to the 63.5 Billion amount later this year.

Flec
the total shares on the market is a completely separate matter.
A rights issue or share consolidation would alter that.

The benefit of buybacks at some time this year would have been a reduction in share count of about 12 Billion shares over what it would otherwise have been.

So for example 75.5 Billion shares instead of possibly getting nearer to the 63.5 Billion amount later this year.

flec
''I don't see it that way. Disregard all the other things and it comes down to the amount of shares in circulation''
A rights issue or share consolidation would alter that

it is about time then you saw it the correct way.
Employees purchasing shares has NOTHING to do with share buybacks.
Employees given paper instead of cash has NOTHING to do with share buybacks.
The benefit of buybacks at some time this year would have been a reduction in share count of about 12 Billion shares over what it would otherwise have been.

small
''increase the divi''

The dividend was increased by 20% for 2022 and should be more than another 10% this year

small
''the buyback clearly isn't having the impact it should''

the sole purpose of buybacks is to reduce share capital.

About 12 Billion shares would have been removed by some time this year.
The market cap is about £31.8 Billion.
The price per share would be a lot lower with 12 Billion more shares on the market.
The market values Lloyds on a daily basis.

small
50.8p since 2018 buyback

flec
''In the end the only thing that counts is the amount of shares in issue.''

not really, a lot of share additions have been paid for by employees meaning money going to Lloyds.

What counts when weighing up the benefit of share repurchase investments in Lloyds shares is the reduction in share count over what it would otherwise have been.

Average cost 50.8p

make that 9.5 Billion

plus of course could be another 2.5 Billion from money left making a total of
12 Billion shares.

''reducing the share count by about 8.725 Billion ''

incorrect, should be 9.4 Billion

Meaningful amounts of share repurchases only got underway last year. 2018-19 helped with counteracting share additions.

So far including 2018 and 2019, shares have been bought back at an average 55p per share reducing the share count by about 8.725 Billion shares compared with what it would have been otherwise, meaning that currently the share count would have been over 13% more than the current amount.
The current market cap is about £31.8 Billion

Meaningful amounts of share repurchases only got underway last year. 2018-19 helped with counteracting share additions.

So far including 2018 and 2019, shares have been bought back at an average 55p per share reducing the share count by about 8.725 Billion shares compared with what it would have been otherwise, meaning that currently the share count would have been over 13% more than the current amount.
The current market cap is about £31.8 Billion

A1
''Shame I haven't got my divi cash yet, ready to invest''

shame that all of your other forms of income gets fully used on everyday expenditure.

A1
''Aprox spend so far -
2019 £1.75bn''

Far from approximate - 2019- try £1.092 Billion

forgot to add -
3I Group at yet another record high

NC
'' with years of inflation'

OK I will repeat -
Investors should know that the value of capital invested is NOT linked to inflation. Dividend returns available would have beaten interest on cash by far over the last 15 years.

Also the biggest debt that a lot of people will have would be a mortgage when getting onto the property ladder, far outweighing any investment amounts they may have. Inflation eats away at DEBT as anyone purchasing a 3 Bed property for £25,000 in the mid 80's should know.

I currently have a 390p average price with CTY, and have received a good amount from dividends