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Dragging their feet - Zeus and WHIreland have both commented on the results and reiterated their opinions. Price action disappointing as the wait goes on. Brent doing the business at over $93 and many experts predicting higher levels in the coming months.
A very interesting (and encouraging) interview. JOG price slipping again today on very low volume, rather disappointing as the wait for news continues.
Excellent DU - hits the nail right on the head and the insults (of which I approve) have been well earned by the recipients.
A week Tuesday we are off on our next sabbatical, returning bonfire night, hope I miss the action as my patience is wearing thin, and I will be skint when we return.
Have a good weekend.
No energy companies have submitted bids in the government's offshore wind auction, sources have said, in what would be a significant blow to Rishi Sunak's plans to meet climate targets and drive down energy bills.
LTI
"Lloyds is only one of 36 stocks in my portfolio - if I was obsessed it would be my only one"
For this BB you have posted 247 times on LLOY and 14 posts on CNA, LGEN and SAGA. Then 63 on Henderson Far East.
That is obsessive in most languages - I take the point about 2015 - but if you look at how LLOY has changed since then, ie closed hundreds of branches, now making good profits - why are these shares so lowly rated by the market.
What needs to happen for LLOY to double, it moves with the FTSE100, a bid may change that - but hey any bid would be ruled out by any party in government, so for me the index level is the generator.
I have no further comment on this - good luck with your buying low philosophy.
Longtimeinvestor
From your posting history it is clear that you are emotionally obsessed with LLOY.
As a holder I laugh at posts (mainly from chips) suggesting 80p by end of year (I'm sure that is a joke)
The FTSE 100 rose above the 8000 points level (briefly) in February this year at which point LLOY reached circa 53p.
The index has fallen about 7.5% since February, LLOY has just completed it's latest buyback and cancellation program and the shares have fallen about 20% (52p to 42p) in the period, not great eh!
The UK is in an economic mess, for reasons too many to mention. For the share price to get anywhere close to the asset value you consistently mention the FTSE 100 index may have to breach 10,000 points, with a Labour government on the horizon that appears most unlikely. I will keep collecting the 2-4p dividends, but from my viewpoint any significant capital appreciation appears a long way off, perhaps to be enjoyed by my beneficiaries.
From the FT:
price reached a new 52-week high of 157.60 at 11:32 BST
and it has not hung about at that level.
Report - Biden to cancel Arctic Drilling Licences awarded by Trump.
Hitting new 52 week highs almost daily, Brent breaking $90 and analysts setting new targets - all despite a rather subdued UK market backdrop - share buybacks set to continue into 2024.
StockCheque.
“We have a growing pipeline of orders”
I just wonder if this "pipeline" is the same as that reported a couple of years back, or is a new and longer one that is "EXPECTED" to deliver what was "EXPECTED to be delivered a few years back - confusing to say the least.
Never wrong to take a profit, but all the indications are that CNA has further to go.
Bouyant - UK closed, you couldn't make it up, yet another bank holiday. The only growth statistic "migrants".
LTI
The value of the business to an investor (shareholder) is the Market Cap (number of shares in issue x share price) - It has declined - or do you value your shareholding in a different way. I hold 102k shares in 2018 they were worth £67k now £42K my calculator says that is a DECLINE. The only return to investors is what they RECEIVE in dividend, the buyback only adds value if the underlying share price rises, as in the case at CNA. For me the end of the conversation.
LTI - Earlier today you responded to my quote below:
''Lloyds despite buybacks of up to 60m shares daily continue to decline''
I am not aware of a decline in the Lloyds banking group business
Well let me remind you (I will admit that the decline is not wholly due to buy backs).
At the time of annual results Feb 2018 (accompanied by a rather bullish outlook) the company had a tad over 72bn shares in issue and a market cap of £48.9bn.
At the 31/7/23 the shares in issue amounted to 64.36bn and a market cap of £27.08bn. How on earth are you "not aware of this decline".
I might add that in addition to buy backs the company has during this period "shuttered almost 20% of its branches and reduced headcount from 64,928 to 59,354, and benefited from the increase in interest rates.
Hang on to your CNA for at least another 42p (+divi) Starmer is a good 12 months off.
Longterminvestor
Perhaps - But analysts have much higher targets for Lloyds and have had these for some considerable time. The big issue for Lloyds (imo) is the number of shares in issue (circa 65bn) its is a traders/gamblers paradise. I am also a CNA holder and just feel their management has grasped the situation and modest buybacks have assisted its recovery. Lloyds despite buybacks of up to 60m shares daily continue to decline, a share consolidation is needed to deter the daily punters.
Centrica commenced its buybacks in November 2022 with a share price of 85p. As it approaches the end of its second buy back (a third will shortly commence) the FT reports:
"price reached a new 52-week high of 145.10 at 11:47 BST"
Analysts have a 160p target (up from 110/130p).