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It's a marathon and not a sprint.
There is a long term plan and this is not a retail share. I'm very happy to hold and with the companies performance - It's share price is trading well below NAV, and with an eye on 2026, the depression in the shareprice has been a dream for the buyback IMHO.
To achieve a 4.34bn share buy back, the balance of shares need to be bought at an average of 47.167
To achieve a 4.36bn share buy back, the balance of shares need to be bought at an average of 44.884
To achieve a 4.38bn share buy back, the balance of shares need to be bought at an average of 42.812
To achieve a 4.40bn share buy back, the balance of shares need to be bought at an average of 40.923
And for anyone just a tad anxious about the prospect of not making a 4bn buyback.........
To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 348.185
To achieve a 4.31bn share buy back, the balance of shares need to be bought at an average of 48.648
To achieve a 4.33bn share buy back, the balance of shares need to be bought at an average of 46.815
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 45.115
To achieve a 4.40bn share buy back, the balance of shares need to be bought at an average of 41.360
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 54.989
To achieve a 4.30bn share buy back, the balance of shares need to be bought at an average of 49.554
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 45.096
Just for info, new car registrations are dominated by Company Cars, many on Salary Sacrifice Schemes where the leading player is Tusker - recently purchased by LBG, as an adjunct to it's existing largest UK Car Leasing business Lex Autolease (largest before the merger of LeasePlan and ALD).
Feels like UBS have been playing 'BazBuyback' in the last four trading days, going large with the trading equivolent of two 4's and two 6's :)
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 54.297
To achieve a 4.30bn share buy back, the balance of shares need to be bought at an average of 49.208
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.992
Livestock
A fair and very valid opinion, and one that will test my resolve; which, I am not ashamed to confess, may be tested to the point of liquidating them into cash.
I have a four year window for my resolve to be tested in. My average is 48.16p. I hold 250k shares.
£1 by 2027 anyone? lol
Not the best of news, but it's a one-ff (so they say!) and it's not comparing apples with apples when looking at the UK banking sector - not that anyone in the markets bothers with those subtleties!
a) As I intend to hold long term, I'l less bothered;
b) I really wouldn't morally object IF (and this is the dealerbreaker for me) the money was used for the benefit of the Country and not political ends.
But, whatever happens will happen. I have a portfollow of asset classes, so as one falls another raises and net-net I end up at least even.
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 52.453
To achieve a 4.30bn share buy back, the balance of shares need to be bought at an average of 48.265
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.697
To achieve a 4.40bn share buy back, the balance of shares need to be bought at an average of 41.621
For context the vast majority of LLOY shares are owned by Institutional investors.
They remain a long term hold, suitable for my personal circumstances; especailly with the dividend tap back on and all my shares in an ISA, so tax free cash.
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 51.743
To achieve a 4.30bn share buy back, the balance of shares need to be bought at an average of 47.898
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.585
To achieve a 4.40bn share buy back, the balance of shares need to be bought at an average of 41.701
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 50.899
To achieve a 4.30bn share buy back, the balance of shares need to be bought at an average of 47.448
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.435
I'm happy with LLOY. I regard my holding as a Marathon race and not a Sprint. I'm not going to panic at the mile marker or when it hits 'the wall'. I'm interested in the finish line, and so the up's and down's in the race (of which there are many) don't bother me, wih my personal investment strategy, I'm just focused on my own finish line, which is 3 years out, at least. In the meantime, I'll continue to collect dividends and let the market determine the price - there are so many variables.
All opinions are valid and depend on personal investment strategy and risk appetite. I wish everyone the best with their own strategy.
It's a Portfolio Play from which there will be wins and losses. Sadly, only the loses (of which there are few) make headlines.
Whilst some loans go bad, Lloyds does not have a bad loan book overall. That's they key thing. It also has has more than adeqaute provisions.
In spite of the share price, Lloyds is a very solid business and IMHO offers exceptional value for money as a long term hold.
It seems to have a thing about Mondays, as this also happened a couple of weeks ago, following a slight move up in price. It's either been recalibrated or had its talents reassigned, by a devious UBS employee with an access code, to join the Taylor Swifts Eras Tour queue and buy their 4 tickets.
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 50.600
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 47.325
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.448