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Clearly the Boards of many companies with share prices down up to 30% due to Ukraine, can see that that company funds are well invested in share buy backs and cancellation of these shares, right now. I agree with them and its to the benefit of most shareholders in the long run.
Agreed - are you buying more or is it time to contact Investors Relations again asking them to put out a statement to the effect that "they know no reason for such a ludicrously low share price"
Rich
I've added some more today at £4.73
Hopefully on 9th March when the full year results are announced, the outlook will continue to be strong and share price can move back northwards again?
Worrying times with Ukraine and Putin, so who knows what will happen next. Thoughts with poor people in Ukraine.
- At times like this, money and investments seem unimportant
By my rough calculations, LLOY buying back £2Bn shares over next 9 months is 22m shares purchased a day at say 50p average. Typically LLOY trade around 200m shares a day, so just over 10% traded each day to be bought back for cancellation.
I reckon this will start to have an impact, especially buying off those PI who were disappointed with the results and can't see the opportunity here.
Hey, ho what do I know??
Long suffering LLOY holder!
Rich
Thanks for the link - I expected ST to tip IHC again for good reason - Recent results were excellent and share price had fallen back 30% on general market malaise (tech stocks USA overrated, inflation, Ukraine etc) so offers rich picking for most private investors. I've picked up some more this morning. Bargain at these levels compared to year high 150p.
Thoughts - If Russia invade Ukraine tomorrow morning, how far will LLOY's shares fall?
As I understand it, when Russia invaded Crimea, the FTSE fell 5%
Buying opportunity if it does the same OR falling knife for a few days until dust settles a bit?
Sounds a bit callous, I know as it will be horrendous for the Ukraine troops and people - hope Putin sees sense and normal service is resumed with most troops withdrawn to barracks.
Rich
Agreed - you can buy at 105p, that 30% lower than year high price of 150p.
Revenue up 10.9% v a very strong 2020 when one off ventillators were included in the figures.
On top of that, RNS earlier this week that IHC picked up a £1.0m contract wind from Egypt at start of FY2022.
Good news all round and this is real hidden gem.
Share price will take off when the herd get told its a good company and cheap at current price.
In the meantime, fill yer boots!
I've added at 60.7p, hopefully a bargain? Only issue is the FX rate v US$ affecting the results. MWE keep adding contract wins, profitable, pay a dividend, also share buybacks in the last year at todays current share price level. What's not to like?
Massive market over reaction IMO, mainly due to general market concerns over Ukraine.
Rich
RNS - CEO Mark Cutler BUYS 150,000 shares at 42p. Good news!
NASDAQ down 4.5% - official correction on tech stocks.
Hopefully with the NASDAQ being down over 10% in a week, we may see a bounce soon when the bottom is found...
Fingers crossed - alternatively a buying opportunity for the brave (and longer term investor who can see the value here)
Only 212,500 shares traded in first 5 hours - looks like big seller is out?
Just needs a change in sentiment to tech stocks and / or preferably some decent results out from SPT to get this moving north again.
Happy to hold for long term growth and dividend
I've continued to add - there must however be a fund reducing their holding here.
Despite massive buys going through, the share price keeps dropping, so someone has shares to sell at these daft prices.
I'm hoping for an RNS update soon, that whoever the seller is has finally closed their position.
Added more £2.495 - the year end trading update should be out next week.
Last year SPT low price was £2.28 and business has grown both through acquisition and organic growth by c10%
No debt, cash rich. Hopefully dividends will keep on coming!
Only risk is H2 slowdown caused by inflation and move away from high rated tech stocks to banks etc IMO.
Also added more this morning on the drop - its just traders selling off the Nasdaq stocks due to fears of earlier interest rate rises impacting significantly higher rated stocks in US than in UK. I expect tech stocks will be back in favour in a week or so...
Just the herd stampeding around...
I've added today as well - albeit at 113.4p.
Can't believe private investors selling at these low prices - happy to pick up a bargain!
Short*rs using their 2 tools of trade = fear and panic, combined with their media mates to continue to write old, bad news stories dissing BOO at the weekend......Hmm, perhaps they want to buy your shares cheaply??
Nothings changed here financially and ironically. potentially more lockdowns which will be good for BOO.
I'm hoping there will be an announcement from the BOD soon, ideally that they have finance in place to take the company private - I'd love to see the short*rs ****ting themselves with a decent bid to take private.