Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just see todays RNS has confirmed that the latest buyback is not completed. Still not sure what impact this has on the price each day but must have helped over the last couple of months in some way!!
The Company announces that, following the purchase of these shares, the share buy-back programme announced on 29 July 2022 has completed. Since the commencement of the buy-back, the Company has repurchased for cancellation 306,326,717 ordinary shares in aggregate at a volume weighted average price of 163.2241p per ordinary share for a total consideration of approximately £500 million.
So we have just dipped below the 150 line. What will we see next.
I see the share buyback is around 80% done. Will that further impact the price when complete with less buys.
Always choppy with the Blue Eagle!!
I dont understand TA like some on here but have started to have a look at things. Cant really get my head around it but this 'cheat sheet' I find quite intersting.
https://www.barchart.com/stocks/quotes/BARC.LN/cheat-sheet
Todays high stopped at exactly the 1 month high and fell back. The more I see things like this the more I think there is something in it! I just dont have the patience/time to learn it all!
For those that are knowledgable on TA, is this cheat sheet any good?
The Buy-back will commence on the earlier of: (1) the business day (in London) immediately following
completion of the £1,000m share buy-back programme commenced by the Company on 24 May 2022;
and (2) 3 October 2022, and end no later than 28 January 2023 (subject to regulatory approval
remaining in place).
https://home.barclays/content/dam/home-barclays/documents/investor-relations/IRNewsPresentations/2022News/20220729-Future-commencement-of-buy-back.pdf
The pay increase is mentioned as being the annual rise brought forward from March. So some staff (and its less than 50%) are getting 7 months early. So 7 (months) x £100 per month (£1200 pa) x 35,000 (staff) = £24.5m - Nothing that small would impact the share price!!!
I read simlar last night and thought that the same. Was expecting a sharp drop in early trading with all that is going on in BoJo's office and unceertainty. What do I know!! Markets are up early doors!