RE: Buybacks and Toms27 Feb 2023 20:29
NC
''Lloyds can then use the buyback to their advantage rather than the shareholders by still paying out the same 'sum' as they would have done anyway, and pocketing the difference themselves.''
How does pocketing the difference work?
''YES I know the divi 'went up by 20%, but, on making such profits, one would have expected at least that anyway, with or 'without' buybacks''
Profits were flat, but despite this, due to a progressive dividend policy which is helped by buybacks and a good outlook, the yearly dividend was increased from 2p to 2.4p.
''Also the more they buy back the more than can re-issue without raising to much hue and cry.''
The amount of new shares issued is dependant on share schemes set up by a remuneration committee and the number of shares that Lloyds staff purchase.
''the demand for a solid company paying top div's would 'mop up' a huge amount of shares by having more people buy more shares.''
An exchange of shares between investors s not mopping up.
Dividend yield does not determine a share price.
''Yes I know BP are doing well, but again, due mainly to massive profit, forward earning, not necessarily so much to do with buybacks.''
I would imagine (without checking) that BP have removed at least 15% of shares since 2 years ago and more each day.
''otherwise you bore the board.''
or of you not liking the answers.
''that once out, they would make it as hard as possible for the UK to make an obvious success of leaving''
Yes and before leaving - Boris did a good job in preventing the whole of Brexit not to drag on year after year, by getting us out and knowing that the NI protocol had within it the fact that the protocol can be changed. Changes have obviously been delayed due to more pressing matters like C19.
the narrow majority ''
7% more people voted to leave
.