Member Info for MPO818

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.

I still see Helikon closing their short on 31 September

THAT WOULD BE A MIRACLE

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.

"Sadly, there are a number of posters on this board who are consistently negative about the company, "

Look at the share price, what is there to be positive about?

Bouyant - UK closed, you couldn't make it up, yet another bank holiday. The only growth statistic "migrants".

Https://on.ft.com/3PccVyQ

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).

Being lazy, is the debt bigger or smaller than the £2.7bn market cap??

On the basis that at the start of the latest buyback program the sp was circa 52p and tonight it sits at 42.30p what value has been added for shareholders.

After 122 trading days, buyback complete to date:

Total shares to date.....................................................4,127,094,658

Aggregate cost to date... ........................................... £1,890,728,269.85

Average price paid to date..........................................45.813p

Percentage of £2 billion buyback completed............94.54%

Never imagined these being below 520p a week or two ago. Back to trading levels.

That guarantees higher prices for the UK and a big positive for ANGS, lets hope they manage it better than they did when GL was at the helm.

Poortiming

CLASSIC

C-H-F

Criticism of ST is a bit harsh and in any case had he delivered an update it would surely have fell on deaf ears - why, read on:

Following the licence extension on the 7/6/23 ZEUS did a write up reiterating their thoughts as did WH Ireland.

Following the adj to the windfall tax on 9/6/23 ZEUS stated the case once more.

finnCap issued an update on 26/6/23.

All 3 (ZEUS, finnCap and WH Ireland) commented further on the positives for JOG on 4/7/23.

ZEUS issued further notices (with much the same content as previously issued) on both the 6/7/23 and 12/7/23.

As I have mentioned previously ZEUS, finnCap and WH Ireland are all agreed that the sp target here is in the 600/800p range - no one has been listening (apart from us lot on here).

ST is a journalist (quite a good one apparently) not an analyst and it is just good that his awake to the potential in JOG.