Member Info for MPO818

"I think 48p will be in May-June...IMHO....wait and see"

and why would you think that??

Those opting to take shares in lieu of cash look like taking shares at a 2024 high, both in terms of sp and FTSE100 index.

What a cheerful chap you are market-dealer - you may well be wrong this time around

CLOSED FOR BUSINESS and once again missing out on the gains being enjoyed by European markets, with US futures also looking strong.

Zac0_4

Correct - for those opting to reinvest the dividend the event will take place on (or around) 6th June and the price at that time is anybodies guess.

Tambo210

So with the FTSE100 Index closing the week at a record closing high of 8213.49 LGEN reach 240. This is a rather disappointing price in relation to the index, with LGEN having (historically) exceeded 300p with the index significantly below tonights level.

Tambo210

"I could just buy back in now and have my artificial divi with no further gain...but I feel a littl greedy."

The FTSE100 is close to its all time high - With local elections today and the expected landslide to Labour it could rocket or collapse, who knows, my crystal ball is hazy.

The Company's PSP has been designed to reward employees of the Company for performance that delivers value for shareholders and incentivise employees to work effectively together to deliver key corporate objectives.

These have been issued year after year - WHEN DO SHAREHOLDERS GET THIS REWARD??

Tambo210

400 Point collapse in the Dow to end only 87 points up - so maybe you may be right - may depend on the FTSE100 maintaining its strength.

Tambo210

"Let's see if I get this right. (BTW...I tend to miss out on further drops after I purchase shares, so anyone waiting in the wings to buy...... I'd wait until after I purchase......and you'll get a better price based on track record.....:))) )"

With the DOW currently up 480 points u may have this wrong.

Has taken a steep fall. - interesting to see the impact on the UK early doors tomorrow.

Hardup - Thanks - You are spot on and I now agree, my original formula started at 28/2/24 (a month out) I feel quite foolish.

"I think you have miscalculated the buyback totals for each of those days between those dates. I make it 506,300,564 28/03 to 29/04 inclusive."

Hardup - Thanks for posting these figures every day the progress is interesting and it is good to see the shares not falling away, as has happened in the past.

One thing I find a bit confusing is the huge difference between the RNS's of the 28/3/24 and 30/4/24 the shares in issue on those dates have been reported as 63,716,020,308 and 63,217,141,122 respectively. The difference being 498,879,186.

Then summing the buyback totals for each of the days between those dates I get a total of 943,744,511.

Maybe I have made a mistake or have missed a share issue event - any ideas?

Market expectations for loosening in Europe and UK pushed back as US grapples with a hot economy. High rates for longer, coupled with buy backs could take this back to the swinging sixties.

"Considering LGEN sp is the same as it was 10 years ago you have to ask whether it's a good investment."

If you are not desperate for the capital value - the 8% or so dividend suggests it is a good investment - in that 10 years you refer to the shares have exceeded (briefly) 300p, exceeded 280p on many occasions - so decent on all fronts - if you need to be able to call on the capital at any time - buy premium bonds.

The rise in the FTSE100 to over 8100 has been curtailed by the large fall in US indices, they are experts at throwing a spanner or 2 in the works. Government want NWG over 300p before they announce their Sale plan. LLOY holding up well.

Plenty of sellers out there today to aid the buyback program, will be interesting to see the prices paid later this evening. Price declined through the afternoon assisted by a weaker US market - US futures negative by 150 at 4.30pm lets see what happens to them once the UK closes.

"Also to be considered is if we are in for two or three terms of Labour government."

If I recall well, many said similar when Boris got home with a great majority - They had to deal with Brexit, The COVID pandemic and the Russian invasion of the Ukraine, an energy crisis and world wide inflation - What excuses remain available for Labour, I'm sure they will make so up.

From the other banks may well drive the whole sector higher, more expensive buybacks, but it is about time. FTSE 100 progressing nicely.

They look to be increasing their exposure to the CNS - maybe there is still hope for us JOG holders.