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this place is getting worse than 'x', easy for it to deteriorate into angry ****ging match sewer. investing boards appear have adopted the same approach as social media these days. i've dumped all that crap, i'm literally done with the anger on steriods. blocking and all that childishness.
what's not to like? personally i've got a £2k div incoming. it's holding 50's which is great. the buyback is still ongoing. my average buy is around 16p after divs. why all the negativity? plus we gave half year around the corner.
Fair enough. I'm sure after few years divs, my average now is 16p a share, so happy to tick along myself. Looking forward to my £2k div next month for some beer money. Although I'm sure the wife will spend it and ruining my plans.
Sure although there's no incoming covid lockdown haha. I've usually traded my way out of the trouble, with the good news bad news strategy. Say you're going to buy during covid.... is the news today better or worse? If it's worse, wait, if it's better start building. It's much harder to play those games, during short minor shocks, although buying opportunities do pop up during those mini hiccups. Selling is another matter. Although I do get the feeling float is not coming as easy to Lloyds as last year. Generally, there's ceiling rules on buyback prices, that stop the price climbing to infinity. While this buyback is active, I do see 60's as achievable for various reasons. Anyway life is full of risks, shares are no different.
Often you will hear of the "record" date, that means the date your shares need to be 'recorded' on the share register to receive dividends In lloyds case the record date is 12th April. The ex-div date is the 11th April, however it usually takes 2 days to update the register. Similar to settling your trade days, although technically they're not the same thing. Many companies update their registers on a Friday, so you need to be careful selling on a Wednesday. When the shares go ex-div the market will adjust to account for the div payout. If you sell on the opening drop, you might get the div, but you lost it on the capital. Personally I'd wait for the share price to bounce back from the ex-div price before I sold. Although that choice is yours. Hope helps. Rich.
77p you say at year end. Thats worth £84k to me, I'll take that.
I've just been looking at a download from an old share account from Sept 2002. Omg... I paid £4.98 a share for Lloyds back then. I topped up in May 2003 for £4.03 thinking it was a bargain. Looks like I dumped them all in June 2005 for £4.62 per share. Anyway, the point is, the sp could get back there one day, when a few more years of buy backs take effect.
"Will there be 500k shares added each year". The manner in which lloyds currently arrange their employee share reward scheme, then... yes. Lloyds could could buy the shares off the open market instead. The value required could fluctuate depending on the price or terms of the scheme. However buybacks render the new shares immaterial. It's easier to list new shares, than probably pay a broker to buy them.
Sometimes we have to sell. I've got a monthly lloyds credit card bill to pay off. But as long as I dont drop below 100k holding, its all good in my head.
Let's also remember Lloyds added 517,208,357 shares in Jan-24 for the usual annual employee reward schemes. Since the last buy back finished in aug-23 the voting rights were 63,540,750,749 as of end Jan-24 it was 64,086,434,019. So lloyds added 545,683,270 shares since the last buyback finished. So quite a few buying days to wipe that out.
I've been tracking since the end of 2018. "The highest ever share count" was 29th Feb 2019 at 71,349,949,398 that buy back finished 30th Sept 2019 with a share count of 70,026,650,473 then covid hit. By 22nd Feb 2022 shares when went back up to 71,047,437,994 shares.
It's good we're at 64bn shares. But we need another 5-10 years of buy backs. Will be great to break the 60's barrier and get into 59bn.
Rick
I'm sure the deal to sell the telegraph was put on hold by the gov, due to some conflict over Saudi money. If the deal is not done, I don't see how Lloyds got paid. On the matter of the car loan interest issue, why would lloyds strategically announce a huge provision? This effectively gives the green light to the FCA to set a value. Llloyds might say its unclear the FCA position until later in the year, although we've held a reasonable provision until the FCA position is understood.
You still want to be in a position at retirement, that you can have loads of holidays, treat yourself to breakfasts at the cafe, go to restaurants. Enjoy you life. I get quite annoyed at our culture that seems to accept; trading our entire life to the economy only entitles us to basic standard of living. If you work full time, that should qualify for couple of family hols in the med, new car every 3 years, and as many trips to restaurants as you like.... as standard. Anything less is a disgrace. The youth though seem to accept next to nothing for their time, not even their own home... Where's the riots?
Nope that's my problem. On marriage number 2. So still got young kids and a house to pay. Although I'm considering lengthening the term. I'm 54 soon, so maybe I'll pull some cash from a pension at 55. My plan with lloyds was to clear half the mortgage l, but the SP refusing yo climb to 90p. Haha. Could be worse I only owe £113k on the 4 bed detached, but I'm a financial stress head.
How did you survive on £31k even worse under £10k pension. I was kinda forced to move to a 3 day week in Aug last year and struggle on £41k part time.
I still don't see how lloyds benefited from these loans, if it was other parties (brokers) taking that gain. Besides thought it was 6 years to hold data, how are the FCA going back to 2007?
I still have no regrets leaving an arrogant bullying political union, and I would vote leave again. It has not been hard to make money on shares since the covid crash. Lloyds issues date back prior to the EU ref, and let's not forget it was the EU that forced us to sell off TSB. The EU are not some magical saviour that would triple shares prices. We need to get share count down to 30bn shares. It will happen in time.
Ten year forecast does look promising for lloyds with constant annual buybacks. It is frustrating sometimes, I more than doubled my return on Marks and sparks in a year, and wish I'd held more of those than lloyds. That said the lloyds div to be announced at the end of feb-24 should get my average down to 18p a share. I can live with that. In five years I wouldn't be surprised to see lloyds paying 5p div a share per year easy. It's just a waiting game and decent income if you've got 100k+ shares.
The bookbuilders will keep selling at 0.24 but once that's completed, then buy orders will be accepted at a lower price. I would not be surprised if it goes to 0.10 on the basis this is the last roll of the dice for he1.
I'm after 70p+ before I sell. I'll take the Feb-24 £2k dividend while I wait. Peoples mortgages still need paying whoever is in power.
Nice one. I'm pretty sure if the bank closed its doors today their assets less liabilities is worth £4 a share. That is the book value right? Same gamble trade, the bank doesn't need to refinance until Oct 25, two years away. It feels over done, unless I'm missing something.
In for a 2000 shares, on the basis the book value is £4.42 per share.