Member Info for longtimeinvestor

''Book value per share (mrq) 0.71 ''

https://uk.finance.yahoo.com/quote/LLOY.L/key-statistics?p=LLOY.L

hu
''There is no mention of NAV 76.98p in the Final Results.''

and?
I haven't looked have I?
so they decided to just show TNAV so what.

''Net Asset Value PS 76.98 p ''
https://uk.advfn.com/stock-market/london/lloyds-banking-LLOY/financials

hu
a figure nearer to your figure would be excluding intangibles

hu
''Exaggerating a bit there.............current NAV 51.9p''

''TNAV is the figure I have put down.''
''So Lloyds say the figure is 51.9p.''

decided to have a quick look after all.

''Net Asset Value PS 76.98 p ''

https://uk.advfn.com/stock-market/london/lloyds-banking-LLOY/financials

hu
''Exaggerating a bit there.............current NAV 51.9p so hardly buying them back "at well under nav".

without bothering to check again I believe the NAV is about 70p.
The TNAV would be nearer your figure

LGEN presented good results

HSBC now well above last weeks xd day

UBS - another day mopping up some of the unwanted shares at well under nav and reducing share capital

nc
the fact is that currently LBG are able to afford 10% + annual returns to shareholders

os
''Shareholders equity is NOT a liability.''

Shareholders equity is an asset of the shareholders that would be a liability for the business to pay out on liquidation.
A share buyback reduces shareholder equity including the share capital and thus resulting in the assets of the business being shared between a lesser amount of share capital (fewer shares on market).

A customers cash deposit is their asset but a liability for the business

on a basic graph it doesn't show
https://uk.finance.yahoo.com/quote/LLOY.L/

ant
stop being a dhead

I sold at 53p in Jan 2022. The share price has not recently reached a selling price of 55p.
I will not be selling any at 55p.

hu
yes may well have been the case for a day or two, doesn't show up easily looking quickly at a basic graph - that is when i made my last sale.

cannot believe idiots asking why i didn't sell at 55p. Obviously NC though it was very recently.
My next selling level will most likely be at about 60p

quite straightforward -

£100 shareholders equity 100 shares shares at £1
£10 spent on 10 shares and cancelled - 90 shares left
shareholder equity reduced by £10, money 'owed' to shareholders reduced by £10.
Same level of profitability after buyback and cancellation means greater amount available per share.
This is what a buyback does, improves per share metrics and increase percentage owner ship of those retaking shares.
10 shares being a higher percentage of 90 than 100 as an example.

os
''I'm surprised of the need to post this very basic information.''

unfortunately your basic information is completely wrong

OS
Shareholders equity is what would be owed to shareholders if a business liquidated. Shareholders equity is reduced by the purchase of shares for cancellation and at the same time meaning that the liability to shareholders has been reduced by the same amount because the reduced shareholders equity belongs to fewer shares..

BP had large debts - they have been using assets (cash) to reduce the debt (liability) .

probably the last time a 55p sale price was available was over 3 years ago

btw
my next selling price will not be at 55p

Ant
''So you chose to sell at 53 instead of 55?''

When was the selling price last at 55p? - maybe you can ask NC

NC
''but a good IF sustainable div 'would' have done''

I really do get fed up having to repeat so many times to different people - it's as if posts are read but doesn't sink in..
Llloyds is already paying a good and sustainable dividend - currently 40% more than the ftse 100 average

nc
''WHY didn't YOU sell some of your holding at 55p ''

not sure why you were asking this, but my 17.11 post should explain it- 55p was not at my next planned selling level having previously made a sale at 53p