Member Info for Nuwanda

Skier

"Everyone is making big money out of Lloyds... except the shareholders!"

As a shareholder, I actually made a small fortune out of Lloyds!! - trouble is, I started with a big one! ;)

“THE only function of economic forecasting is to make astrology look respectable,” John Kenneth Galbraith

Thanks, as ever, HU.....

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 54.043

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 50.777

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.883

To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 45.301

Just for interest......

To achieve a 4.3bn share buy back, the balance of shares need to be bought at an average of 45.301

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 54.026

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 50.767

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.878

The business needs to fund it's debt, and interest rates are moving against it, plus there's a risk premium. It could literally halve it's debt, but still pay the same, or more, to fund it. The NAV also reduces. One could argue that VOD could be the target of a bid, but it's better to let it go pop and wait for an asset purchase from the administrators. The business is sound, but it's burning cash. It is in danger of being a victim of the Minsky effect. I hope it survives, but it's on life support for me.

Jcb

That would need a deep plunge to buy the balance at an average of 43.171

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 53.008

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 50.151

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.587

The UBS algorithm is so finely calibrated. I wish I could be so disciplined in my trading!

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 52.552

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.893

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.491

"Latest block listing of shares effectively wipes out 25% of the current share buyback programme to date.

One Step Forward, Two Steps Back"

Err.... In the context you've chosen, that's four steps forward (c2bn) and one step back (c0.5bn).......

I now have a hard rule - Dividends are for me to enjoy, shares are for long term for growth (one can hope!) and ongoing passive untaxed dividend income (all in ISA's).

Thanks HU

Whatever algorithm UBS use, it certainly goes into overdrive on the low(er) days. With this slight rise, it's cut back and is likely to recalibrate. I'd love to know the maths behind it.

To achieve a 3.9bn share buy back, the balance of shares need to be bought at an average of 54.976

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 52.218

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.724

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.457

To achieve a 3.9bn share buy back, the balance of shares need to be bought at an average of 54.930

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 52.189

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.708

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.453

To achieve a 3.9bn share buy back, the balance of shares need to be bought at an average of 54.545

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 51.933

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.560

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.394

To achieve a 3.9bn share buy back, the balance of shares need to be bought at an average of 54.042

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 51.597

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.363

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.314

BTW, the awful line spacing is down to this 'upgrade' - maybe an audition for the next LBG CEO?

4 Billion share cancellation and price back to 51p would be fine for me.

To achieve a 3.9bn share buy back, the balance of shares need to be bought at an average of 53.910

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 51.510

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.314

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.298

To achieve a 3.9bn share buy back, the balance of shares need to be bought at an average of 53.807

To achieve a 4.0bn share buy back, the balance of shares need to be bought at an average of 51.442

To achieve a 4.1bn share buy back, the balance of shares need to be bought at an average of 49.275

To achieve a 4.2bn share buy back, the balance of shares need to be bought at an average of 47.284

To achieve a 3.90bn share buy back, the balance of shares need to be bought at an average of 53.596
To achieve a 4.00bn share buy back, the balance of shares need to be bought at an average of 51.301
To achieve a 4.10bn share buy back, the balance of shares need to be bought at an average of 49.194

Thanks, as ever HU.....

To achieve a 3.90bn share buy back, the balance of shares need to be bought at an average of 53.392
To achieve a 4.00bn share buy back, the balance of shares need to be bought at an average of 51.162
To achieve a 4.10bn share buy back, the balance of shares need to be bought at an average of 49.110

Whilst the outlook looks very positive to get to cancelling 4bn shares, it's long term trading range seems to be between 45p - 55p. Well below NAV. I remain a long term holder and happy to ride the rollercoaster.