Member Info for Motbuck

LTI, this really does get tedious and it's not good to be abusive about people who don't agree with you. Don't know what else has been said on this as haven 't been reading but the problem for me is as follows -
I suspect that the negative reaction of the markets to the shareholder returns policy has knocked more value off the share price than any possible increase that the buyback might create through less shares in the market over the next year. Hence we may all be losers and the £2b wasted and lost to shareholders.
The dividend gives us cash back for investing in the business and our share of it's success to decide what to do with our return...... invest in Lloyds or otherwise.
Of course if I had known the policy I would have sold before the announcement, but now after the scale of the fall will have to wait for an appropriate fall to reduce my holding . ( Appreciate the Ukraine has clouded the picture, but feel the market reaction was undeniably negative) .
I do feel that £2b dividend and £1b buyback would have had a very different reaction providing much better balance.

Hi Gaz,
Not misled by positive posters, always believed that strong profits and healthy , fair and supported dividends would support an increasing share price over time . We have the strong profits, but not the fair returns to shareholders.........

LTI
Really not the time for your nonsense....... Profits higher , capital way higher and dividend 40% down on pre covid levels.
Really don't want to hear your views repeated again as I still don't agree with you that buybacks are a better solution for shareholders.....

I am genuinely shocked and appalled by this mornings announcement to investors. I can see no justification whatsoever for not returning dividends to pre covid levels with profits higher and capital resources significantly higher.
There is clearly no intention for this to return to providing reliable income for shareholders.
As a very long term holder who has suffered the pain and made the clearly wrong decision to stick with it as seeing a positive forward picture , this is the final straw for me and time to reduce my holding and move on....

Theo,
The reality is that the buybacks are effectively funding the payment of shares to employees so could be viewed realistically as operating costs rather than truly returns to shareholders (apart from any excess above new shares issued to employees)

I remain totally mystified the recent fall in the LGEN share price and expected it to be pushing up towards 320 by now??????

The correction in the markets over the last month has got a little concerning now, as I am taking early retirement next month.
Keep having to remind myself that there will be a bounce back over the next few months. Would be nice to get some good news from Lloyds on the divi shortly to help :)
Whilst looking forward to the next stage, it's never nice to be in a spell where investments are going backwards.....

Bizarre reaction in share price .......???????

I think the consensus is an expectation that the dividend at least returns to pre pandemic level immediately with scope for buyback /preventing further dilution beyond that ...... certainly the performance this year is more than enough to support that with the excess capital to support any further opportunity.....

Or to put it another way, the share buyback is paying for the staff incentive share schemes........ not going to investors.
The number of shares does not go down and drive up the share price which is the perceived aim of buybacks in returning money to shareholders (Aviva being a good example at the moment).
Of course the number of shares would be higher without it, but the reality is that it is paying staff incentives.....

Well an incredibly good start to the year so far..... could well be 50p before Friday! :)

66p for me please.....

"And you try telling the young folk that today...... and they don't believe you!" MOT

What on earth is causing this hit for Lloyds????? Why are the others ok????

Hi Walker, I never suggested compulsory vaccination and can't see how it would be practical anyway? I am aware we are not in China or Austria...... :) MOT

Hi Walker, The reason for being concerned about the unvaccinated is that they may still want to be treated and cared for if seriously affected by the virus and could block beds required by those who have taken every precaution to try to protect themselves but still fall seriously ill......

Theo, make some good points but vaccination remains the key to protecting people and it remains a great frustration that the unvaccinated are happy to put not just themselves but others at great risk.
Germany have a lot more ICU beds but are having more extensive lockdowns and talking of mandatory vaccinations....... MOT

Let's hope it's a 50p floor now ....... :)

Struggling to break through the 50p barrier again...... don't know why it still seems to be an issue when it has been through it twice recently? Surely all the sells were triggered then?

Familiar pattern recently of the share price rising early on and then falling away again disappointingly the rest of the day. Hopefully will break the pattern soon.