Member Info for longtimeinvestor

but I imagine that not all providers systems are set up to accommodate the flexi rule.

bum
''if you withdraw money from that ISA you cannot pay it back in until the following financial year''

I believe there are now flexible ISA rules ?

NC
''as profit has eluded me in well over a decade.''

you know full well that you could have sold with a good profit on capital but you chose not to do so.

''and you can trade as often as you wish''
yes

''and IF you make a profit (unlikely with Lloyds''
The 'unlikely' is not difficult to achieve.
Personally I retain a low average price so have not made a single penny in profit yet.

''There has been worrying talk of the Chancellor taxing isa's if holding over a certain amount, or limiting the sum allowed to be deposited each financial year, (now 20k).
Unsure if it will 'come' to anything and hope not, but often no smoke.''

You need to look at where the 'talk' is coming from - not really talk more of a suggestion by a left-wing organisation.
I can start new 'talk' - I suggest that the 20K should remain and when the UK finances have settled down on firmer ground should be raised every now again to roughly match inflation.

NC
''Imagine just how disgracefully low Lloyds share price would be without all these 'allegedly' share price hiking 'buy backs'''

There are currently 67.4 Billions shares instead of 75.4 Billion that would have been the case

dor

Maybe you should have a good rest.
what shareholders want is an increase in market cap with the same or reduced share count.

dor
''…..and the SP would still be the same.''

oh dear

hopefully we can end the 2023 programme with the share count down to about 64 Billion

there are currently about 67.4 Billion shares.
Without the buybacks there would now be 75.4 Billion

flec
''A true picture ''

the true picture is that there would be 8 Billion more shares in ciculationn without buybacks from 2018, with Billions more being removed this year

flec
''as it makes no reference to shares issued''

not relevant to the statement -
''The more bought and cancelled the fewer the shares to receive the returns from profits''

flec
if there is a net reduction in shares of 5% as a result of buybacks then that in itself would allow if bod decided, a per share increase in returns with flat profits.

flec
''shouldn't really be be advertised as supporting the dividend''

could you post a link to that advert

dor
''We only have to look at the time when shares were in the high 20’s, the number of shares in circulation didn’t double to reflect that price''

no the market cap reflected shares being in the high 20's.

flec
'' Lloyds could just as easily have bought the shares and handed them out from treasury''

must have been through this a 100 times.
Lloyds do not buy shares and hold in treasury.
stick to policy/facts

flec
''Where does the 8 Billion come from?''

since 2018

dor
i think you are confused again

NC
So you really think that the market could possibly instead of valuing Lloyds at £35 Billion today, the market would value Lloyds today at over £39 Billion with an extra 8 Billion shares in circulation.

Some people.....

NC
''Who is to say that without the buybacks we have already had, that our div, or indeed our share price would not be where it is now.''

LTI
Tue 19:34
what would be good for a laugh would be to combine the divi 'savings' 'logic' with the statement from NC that the divi would be the same with or without buybacks.

'savings' on next divi so far 8.07 Billion X 1.6p

dor
a net reduction of 5% in share count would enable the divi to be progressed by at least 5% on flat earning. My figure of an increase to 3p is obviously a lot more than 5%. The rate of progression will as always depend upon how much the BOD wish to direct from the profits into bolt on acquisitions rather than shareholder returns.

dor
''in line with ‘22’ and so called progressive growth''
'' thereby denying shareholders of a real growth divi''

I think you are confused