Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
My guess is that the final buy-back volume can be reasnably pedicted within 100m shares now.....
To achieve a 4.25bn share buy back, the balance of shares need to be bought at an average of 50.567
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 47.310
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.447
To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 52.888
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 46.871
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.348
I fear windfall taxes may have uninteded consequnces, potentially creating more issues than they solve. Whilst logical, it was also arguably logical for some countries to put limits on the number of children a family could have to control population expansion. But that policy has ended up creating a bigger problem than the one it set out to solve.
My biggest issue is that our Governments (Tory or Labour) mostly have a 5 year plan to get re-elected, rather than a long term plan in the interest of the Coutry and it's people. Just my personal opinion.
To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 52.334
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 46.692
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.304
To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 51.998
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 46.592
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.290
To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 67.295
To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 51.890
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 46.561
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.287
A rather lackluster buying day today, as UBS takes a bit of a rest following some heavy activity. Also, some different outcomes to pass away the time :-
To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 51.397
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 46.397
To achieve a 4.35bn share buy back, the balance of shares need to be bought at an average of 44.244
To achieve a 4.4bn share buy back, the balance of shares need to be bought at an average of 42.283
''Banks have questions to answer about how quickly interest rate rises are being passed to savers''
The only way to make extra margin (in percentage terms) is to increase the mark up (profit) on mortgages. Then with more money, traditional banks can pay more interest to savers. Do the Government want higher interest rates on mortages, so savers can have more money to spend?
Mortgage rates (variable/trackers) go up because the cost of money goes up. Fixed rates are covered by hedged funds bought at 2/5/10 year rates, at the time those deals were on offer.
Not that long ago, I was being charged NEGATIVE interest rates to hold Euros in my account, just to ensure that I spent it!
These 'excess profits' are also being well used, by LBG, to plug the pension fund deficit risk(s).
If HNMG tax buy-backs (it's not necessarily unreasonable), then more dividends would likley be paid, and those with shaes in ISA's would have more tax free cash to help give inflation a nice little nudge.
Everything is so interconnected. Like implementing population limits in some countries seemed like a great idea; until the unintended consequences came home to roost.
Whilst on a rant.... If I were Llloyds, at the half year I would pay a 'kind of' spceial dividend but 'disguise' it as the Covid Dividened (Sorry! I know that is a scratch not to be itched) being released to make it more palatable for the media.
And finally... VAT on Fuel Duty has to be the biggest con of the lot, a tax on a tax.
A new record buy back volume at todays knock down prices :) :-
To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 57.268
To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 51.219
To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 46.326
S67
In short, yes (but):-
To achieve a 4.4bn share buy back, the balance of shares need to be bought at an average of 42.291 (but, today, we are currently back trading over that average - generally! lol)
To achive 4.3bn, then there is a 4p 'discount' on yesterdays closing price to the 46p average required, and a massive 18.7p 'discount' to the average required to cancel 4bn shares
UBS continue to buy at record levels, so their algorithum sees value. IMHO
DT - Agreed and point well made.
It's why I've bought and sold down those 10 years. I just don't panic on lows anymore. I have a core holding and then buy as they rise and sell when they dip (rarely at bottom or top - I'm not that good) - roughly an c8p/share profit to be had, and I never buy (or sell) less than 100k shares.
I nearly always play the long game on shares and look for patterns. I also don't have a major issue if they go 'pop'. It's a side hustle. I'm autistic and like the patterns on LLOY.
Glass half full here - The best is also yet to come ;)
The fndamentals are so good, yet the eccopolitical landacape so poor.
A solid long term hold that you put away and don't think about. If it's still in this range in four years time, that's when I'll start to think about worrying.
There is now a 17.701p gap between todays closing price and the avaerge to get to £4bn shares cancelled. I think the 4bn is in the bag (if it's not, there will be big profits to be had, as ther share price would be WELL ABOVE 61p
The way the algorithum is working a 4.2bn share cancellation isn't unfeasable, and would see the price above 50p
Someone somehwere in LBG is already figuring out the final accrual for the half year dividened, which they would have been doing monthly anyway; but now have a bit of headroom to easily go to 1p. IMHO
From a low base, these differentials are so much bigger than the high rates we saw back in the day. 7% to 14% was a 50% increase. 1% to 5% is 500% increase. It's the generation that have only ever known cheap money (powered by the unsustainable alchemy of QE) that have been caught out.
But there is HUGE value in LBG with a new record days Buyback volume - it's a long game, like TW et al were.
Https://www.lloydsbankinggroup.com/who-we-are/working-with-suppliers/collaborating-with-fintechs.html
With AI, I have a conflict of interest.
As for keeping up? I'll stop and smell the roses - thank you though.
THis adds ro Lloyds EXISTING Fintech proposition (are you aware of Innovation Sandbox?). As for AI? Have you done any research?. And a comparison to Woolworths is laughable. It's footfall was one of the best, it ran out of funding. Lloyds is awash with cash. Also the so called 'challenger banks' are great, but an't offer the range of Corporate Services that traditional banks needs. Finally, Lloyds being domestic focused is a USP. In a global meltdown, their exposure is negligible. It's a boring bank, and boring is good. I've very happy with my banking and commercial relationship with them.