The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
This current Government has taxed and spent to levels well in excess of that which the Conservative Party warned the Labour Party would do, if elected. Whatever time I spend voting this year, I'll never get it back, so I won't bother. It will just be more of the same tax and spending, be it with a red or blue logo.
2017 = 71.973bn shares in issue, from 68.074bn in 2010 (24 years ago!).
2021 = 71.023bn shares in issue
2023 = 64,086bn shares in issue
The reduction of shares in issue is now falling at a very healthy rate and at a good marathon pace.
As ever, LLOY is a long term hold, for me, and the Dividends keep me happy :) I don't actuallt care if the buybacks are proping the price up or increasing value. Whatever the share price, evey day is a win-win for me :)
I really don't care about the share price until I NEED to sell. Just keep my dividend going, 100% tax free from the pile in my ISA, and all is good. £2bn, or more of buybacks, would just make good even better FOR ME!
Everyone is different, but I'm here for the long term and happy :)
Jcb208 - "any one remember the dot.com bubble"
A game of inches! Some businesses were bonkers and other secured funding just in time (ironically Lastminute.com being one!) Others, like boo.com, missed their timing by a fraction (Boo Hoo: A Dot Com Story, is a good read if you have the time) Cherry Freeman, a minor player then, has gone on to very big things - a very clever woman.
Chid - IMHO there will never be another Conservative Government, ever. Gen Z, plus plus their own lack of confidence in their own leadership, will see to that. The Conservative Party is finished forever. Just like the old Liberal Government of 1905–1915.
Lex and Tusker will have used/use Credit Sale Agreements (CSA's) for ECO and SalSac. But as it's B2B , the End User business that has brokered/introduced the driver is highly unlikley to have taken a commission. So exposure is low IMHO.
Lloyds 'Exposure' will be from:-
Lex Autolease (wholley owned). Mostly B2B, but some potential exposure from Employee Car Ownership Schemes & Salary Sacrifice.
Tusker (recently purchased, and now wholly owned) B2B, but Salaray Sacrifice focused.
Lloyds Finance Mostly B2C
All of these entities will have made their returns/disclosures to the FCA as will anyone acting as a Credit Broker (Car Dealerships). So all of the data is available and charging a 'commission' is a know, and disclosed, custom and practice.
Given all the tailwinds impacting LLOY profits, this headwind is more than managable. IMHO
The value of the asset doesn't bother me, I like the dividends and the way the LBG is being run; including the Buy Backs, This is a five year investment for me (minimum), so my outlook is probably different to most. Once the election is over (regardles of who wins) my view is that LLOY will pick up along with the FTSE100.
We don't know the dividend yet, or any Specials (I don't have a high expectation) and any more buybacks are a no lose (bought at a low - current - share price and a significant proportion in circulation get cancelled. Bought at a higher price and my asset has gone up in value.