Member Info for longtimeinvestor

flec
''The fact that Lloyds shares in issue haven't changed for 10 years, irrespective of buybacks, makes my point.''

NO it doesn't make your point - without the recent buybacks the share count would be about 3,465,000,000 greater than it currently is

flec
''I don't see any buyback benefit there, do you?''

going round in circles with an argument you cannot win.
Buybacks reduce the share count - end of

flec
you are now replying for the sake of it.
stopping someone saving money into a saving account is sharing the pain?

flec
the price of a single share does not create volatility - it is the nature of any underlying business that would cause that.

flec
''to give the impression that buybacks are meaningful.''

they reduce the share count

''but they stopped my dividend due to covid, while still issuing new shares for savings and bonus schemes.''

The PRA stopped dividend payments -the money is still in the bank. You will be told tomorrow how much of it will be returned to you.

What has an employee putting money into a savings account each month to decide at the end of a term (3 or 5 years) whether to purchase shares or not , got to do with dividends

flec
''The same place as the current buyback funds lol''

as you should know buyback shares are cancelled - a return to shareholders.

shares purchased and put in treasury (not a lloyds policy) as part of share schemes doesn't decrease a share count and comes from shareholder funds.

flec
As you should already know - a share consolidation is just cosmetic

flec
''and buy them instead. ''

and where does the money come from - shareholder funds

flec
''My view is that buyback's aren't real unless they meaningfully reduce the shares in issue over the buyback years, not just maintain the same average level.''

even if they just matched those issued as part of share schemes available for the bank workers (the people working as part of the team, trying to make a profit for shareholders), that still means a lower share count than would be the case without buybacks

falk
''Added more.., £1.2k pp with an average of 52.08p''

gone it appears, the days you were waiting for 44p before investing.

Your have an hour left to decide whether expected results will propel the share price further upwards.
currently 51.86 to sell

flec
1000 -50 + 10 = 960

flec
''ndeed, that grates me. If they want to issue bonus shares, why not buy them through the market''

been through this already - makes zero difference whether shares are purchased and put in treasury compared with issuing new shares.

rand
1000 -50 + 10 = 960

stm
'' I said I would sell most of my holdings when we hit 55p. 1) when will that happen?''
It happened about a month ago but you didn't sell which answers your question 2

gb
''History says buybacks of Lloyds shares has zero effect''

I think you will find that they have the affect of reducing the share count

Ukrainian forces hold the majority of the newly declared independent territories by Putin.
Is the next move by Putin, to try and rid the 'independent' territories of Ukrainian forces?

Current NAV is at 136p - so a larger discount at present than has been seen in recent times it appears.

Falk I made £1560 - well done. Good intial bounce done the trick.
Still at a low price but decided to close after just 11 mins - have things to do.

Average price on shares now 21.07p

closed other one now with 0.53 gain