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I would assume a 2B buyback (4B Lloyds Shares), of 6-7% of the circulating supply would make the shares you have even more valuable. It's not cash they are handing out, but a increase in your shareholdings value.
Your best bet is to wait till it has gone up substantially, then sell, and rebuy cheaper. Slowly by slowly you will lower your average share price.
I've been doing it through lockdown and have lowered by average share price by 12p so far, same cash, just more shares.
Depending on the dividend imho, if it's not so good, it will stick around 47-53p (give or take a little) for some time, we would need to a better dividend for people to buy this stock. When it was 6-7% dividend it made sense putting your money in and living off profits.
Lloyds surprises me again with a nice green day :D
Personally I need another 7% and I break even from pre-covid shares I bought. Not too far off now. If I put dividends towards it, that should go down to a nice 5-6% left.
Guess the H1 Interim Divi competition?
Marmite............0.00p
Pantherax.........0.57p
Teej...................0.75p
Faulkes………..0.78
Hardup.............0.8p
Baffled..............0.85p
Wide.................3.50p
Falky.................0.95p
Cardinal3.........0.95p
Divichaser.......1p
Seany123........1p
Ollcity..............1.15p
A1....................1.2p
helu.................1.25p
Learningtoinvest 1.35p
Victor Blank....1.5p
bobf.................2.2p
Livestock.........72p
HarshadMehta ........62p
micgill 1.95p
Buyer Joe 0.97
MCNav - 1.45p
Click reply - copy/paste/add your guess -
I had sold my LLoyds Share at 48p and switched to RR when I noticed it went from 105-97p (I bought RR at 97p), hoping for a quick 2-3%, which obviously hasn't worked out. If I sold RR I could buy back 1% more shares in Lloyds compared to when I sold. If this was your money, would you swap to Lloy or stick with RR? I know it's a RR thread, but seeing the comments I am split 50/50 on what to do. I don't want to hold cash, as I do feel they will eventually rise, but I do see an opportunity to play it safe.
It would be unrealistic to expect it to bounce 5%, then keep going up and up and up, let's say its on its way to £1 in 2-3 weeks, it'll do that gradually by rising 5%, retreating a couple percent, and repeat but with a gradual uptrend. Tbh, I as well will be selling and buying on the way up to increase my holdings