Member Info for longtimeinvestor

blb
''They use it to buy back shares- This has not helped the SP''

The sole purpose of the return to shareholders is to reduce the share count.
The market decides on a daily basis what Lloyds is worth

''They give peanuts to Shareholders''
At the current price they would have returned over 10% at the current price to shareholders in the current financial year once the final dividend has been paid.
It would be disappointing not to get another 10% + return (at current price) in the 2023 financial year

rob
''my biggest fear here is what will happen to the share price if the dividend is reduced or cut''

you should be more concerned about the £45 Billion of debt

at about 84.4p

g13
'' Very bizarre''

Yes very bizarre how my link to an article showing that the UK fisherman catch is a lot greater now has been deleted TWICE.

The UK agreed a 5 year transition period - I believe that the UK can shut out EU vessels completely after this period if they wish to do so.
The level that the EU will be allowed I suppose will depend upon UK's fishing capacity and fish stock levels.

JFCC

EU gives up 25% of fish quota in UK waters
https://www.euractiv.com/section/uk-europe/news/eu-gives-up-25-of-fish-quota-in-uk-waters/

For the UK fishing industry-
the catch levels agreed for North Sea stocks for 2023 (compared to 2022) are:

Cod +63%
Haddock +30%
Herring -7.3%
Plaice +5.8%
Saithe +18.7%
Whiting +30%

moy
so you would like money to be spent on shares that may or may not be issued to employees up to 5 years later. No one would take up shares at scheme maturity time if market price is lower than option to buy price.

I prefer to see the share count reducing immediately after a purchase in the market.

moy
''But like you I do struggle to see the sense in it''

??
The number of shares needed for staff schemes would only be known when schemes finish and employees decide whether or not to purchase shares. Therefore at that stage shares can be issued in one go to satisfy the take up.

Share buybacks are ongoing on a daily basis.

Only first purchased in the second half of this year - strategy of drip feeding purchases down to 70p on increasing long term gilt rates has so far worked out well. Share price now trading comfortably above my average price giving an excellent yearly yield.

Loco
''checks on imports from the EU and a spot check on HGV's found lorry loads of ILLEGAL meat''

You mean that when UK was part of the EEC/EU no spot checks were made for 47 years to enable the finding of illegal meat from Europe?

Loco
''worthwhile list of the benefits we are all feeling because of it.''

Triumph
Rejoicing
Jubilation
Elation
Delight
Exhilaration

NC
''Lloyds is going to be used by any Government to be 'nice' and help the debtors by freezing interest or righting such off, or those in mortgage debt by keeping them housed at our expense
, or if one of Lloyds rental properties allowing them to sue for £20k or so if mould or any other issue arises at our expense''

Your imagination is running away with you again perhaps.
Certainly measures could be put in place to help some struggling with mortgage payments but it will not be at 'our' expense.
Mortgages could be extended or switched to interest only, which would help borrowers in the shorter term with monthly payment but at the same time being a benefit to the amount of interest that Lloyds would receive over the course of the mortgage

NC
''We are constantly told of how the buybacks have propelled the share price''

Cannot recall this taking place

s123
''Bang on Child''

Don't know whether NC would like to be referred to as 'child' or not.

suf
''after paying out £22 Billion in PPI ''

and the current market cap is less than £31 Billioin

SD
''the EBA warned''

the UK is not in the EU

s123
''BUT why is it not 60p-70p+ now if its in much better shape? ''

the market decides the price - an investor decides on whether they agree with the valuation.

Since 2015 we have had the MSM narrative on Brexit, pre an post vote.
We had the government offloading their Lloyds shares.
We had PPI payments going much further than initially thought.
We have had a Covid 19 pandemic.
We now have a war in Europe.
We have had supply issues coming out of Covid, resulting in inflation along with additional inflationary pressures from energy.
We now have forecasts of doom and gloom on the economy for 2023

blb
''It was 80p in 2015, 7 years later its 46 thats a 42% DROP LOL LOL LOL''

I bought a load at under 24p a little over 2 years ago - last sale was at 53p in January

blb
''this share IS A VALUE TRAP''

some investors may decide for themselves that purchasing at 45p represents good value

Lloyds now in better shape than in 2015