Member Info for longtimeinvestor

flec
all you need to know is that they have a progressive dividend policy - the rate of increase is up to the BOD.
Any money not leaving the business via dividends can be used for other purposes

flec
the 2018 buyback removed 1.578 Billion shares.
the 2019 buyback removed 1.887 Billion shares.

flec
''evidence''
?
you see it each day when shares are purchased - the aim is to reduce the share count.
New CEO, new policies.

''As far as investing in Lloyds, I invest where I see value''
good to see

and the 2019 programme was cut short

flec
''they've been doing buybacks every year ''

no they haven't - only 2 programmes before the current one - 2018 and 2019

flec
''Because they've been doing buybacks every year to keep the shares in issue around 70 Billion. You didn't prove anything''

are you having a laugh? - I gave you the shares in issue 10 years ago - in that period about 3.5 Billion shares have been bought back and cancelled

flec
you will have to wait - see what the average number of new shares are created each year for the next 10 years.
If you or any other investor is concerned that some remuneration is paid for in shares, and that others are created from saved money and other possibly from convertible bonds, then maybe you could find an investment where these things don't occur

flec
''Which was my point.''

not really - you said they are issuing a Billion new shares a year.
That has not been the case and you cannot see the future.

''To declare my view as nonsense, is disingenuous, dismissive, and unproven ''

but it was nonsense - I proved it -
LLOYDS shares in issue 10 years ago was about 70.34 Billion.

888
I woke up after only a couple of hours sleep (very late night) and realised that an SB could be triggered, so got up and watched for a while, but also did a top up in IG group this morning - I have also been doing some other transactions recently. Had to then go back to bed to get some more sleep. Coffee for me now.

people should also remember that many new 'staff' shares are not for free, they are saved and paid for - money going into Lloyds coffers

no good plucking a figure out of the air and saying ''they're also issuing a Billion new shares a year for share incentive plans?''

That has clearly not been the case in the last 10 years, and as for the future - wait and see.
It could be the case depending on how plans are set (i am not looking) that more shares are required as part of a remuneration package where shares replace cash , the lower the share price?
So many shares or a number of shares to cover bonus?

flec
LLOYDS shares in issue 10 years ago was about 70.34 Billion.

New shares have probably averaged about 350 million per year over the last 10 years, coming
from remuneration paid in shares instead of cash, employees making monthly savings to purchase new shares, and any debt instruments that can be converted into ordinary shares.
I believe there was an increase in shares quite recently that didn't come with an rns so that could have been a conversion to shares.

you are being returned just over £1 of the cost that you paid for each share , so the current market price fluctuations has nothing do with a cgt calculation at the time of the return. The ROC does not trigger any CGT liabilities.

If anyone purchased a 1000 shares at £4 , their base cost for those shares would have dropped to £3 per share. £3.80 to £2.80 etc.
CGT if any would apply on the selling of any shares.
Of course the base cost has to be adjusted again to take account of the consolidation.

10 more days - for those of you waiting for the final dividend payment.

About 7 weeks to find out how much the dividend has progressed by.

triggered at 42.948

order in at 41.95

average up purchase at 723p

flec
New shares have probably averaged about 350 million per year over the last 10 years, coming
from remuneration paid in shares instead of cash, employees making monthly savings to purchase new shares, and any debt instruments that can be converted into ordinary shares.
I believe there was an increase in shares quite recently that didn't come with an rns so that could have been a conversion to shares.

flec
''You said it was nonsense when I suggested Lloyds could List a Billion new shares a year''

flec
Today 09:15
'' but how long would that take if they're also issuing a Billion new shares a year for share incentive plans?''

Note 'a year'

LTI
Today 11:56
flec
'' a billion new shares issued each year - where did you get that nonsense from.''

Note 'each year'

flec
Today 13:56
''You just dismiss anything anyone else says, even when they prove their point''.

LLOYDS shares in issue 10 years ago was about 70.34 Billion.
Point made

LTI
03 Dec 2021 16:15
''I am still recovering from the booze following my fathers funeral a couple of days ago. Only had what would have been pre Covid a relatively small amount of alcohol for me.''
EV
Anything to say?

EV
You never did answer .

J46 23rd Apr 2022 00:56
''Two years back he told us his brother died from cv19 . Two weeks back he now tells us it was his father .''LTI

EV
''John46
I remember it well his brother died but now he tells us his father died scumbag''