Member Info for RickEngland

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.

Agreed Gate13. Also normalisation of interest rates, isn't a windfall.

Lloyds has already been paying an additional tax since 2008 finance crisis, which is why in my opinion it will be politically unsavoury to add another tax. Anyhow to pay more tax implies an insane profit, which means the sp will climb on the back of huge profits regardless of taxation.

I held lloyds shares in the 2003 for around £4.08 each, although dumped them all in 2005 for house deposit at around £4.60

In the new world order so to speak my average on LGB is 27p or 22p after taking divs. Hardly in muppet territory. Another £2k - £3k final div in Feb-24 likely paid in May-24 will bring my average down more. Lloyds should in the 60p - 70p+ range, so I'm quite happy to earn divs until the sp returns and it will.

Every socialist dreams of becoming a capitalist. Usually by "taking" other people's money rather than making their own. On the plus side, it's good to see socialists investing attempting to make some profit.... no rules excluding them. I won't be giving my profits to the homeless, on the basis than one day I might need a donation of pasties myself, and when I ask for help I'll be told I don't qualify.

Maybe move your trading account to lloyds if divs are always late with barclays. I got my div on 13th as expected with Lloyds.