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OneStep
Thanks for sharing your actual calculations
But if you had a crystal ball just like LTI had, you would have sell your shares at the peak at 53p and than buy back lets say at 38p
Than my friend you would have enjoyed 13% gains from the share buy backs
See how simple it is ?
Currybelly
Well not all airlines, Wizz is down today after anouncement of Q3 results that has been impacted by canceling flights to Israel and surrounding countries. Similar to yesterdays EasyJet update.
And if you were really interested than you would know that after every tragedy the world and people with get on with busines as usual and will want to travel to see family and friends, see and explore different countries or do the busines and explore opportunities across boarders.
Hope it helps you understand how important the avion is.
Lti
ffs, not more hindsight, crystal ball investing
You clearly have the crystal ball when you sold at an year high at 7.january last year for 53p it has not reached that price since.
So you have a crystal ball or you didn’t believe that the buy back would increase the value but decrease it and you knew you can buy back at much lower price. Otherwise you would not sell
Grayling
Very true. We all see it just Mr. LongTimeInvestor sound more like a politician than an investor. Will never admit that value have been lost.
31 bilion last year and 26bln this year. Everyone see that drop of 5 bilion but politician (and LTI) would defend that as great value for investors because its a gain of 13% 😂
I think he went to same school as them. That is why he still got money to buy more shares and we don’t.
Because we cannot count😂
LTi
“average buyback price was mid 40's though not 52p”
I never said the average was 52p, I said it started when it was around 52p and then went down along the lenght of the program.
Which was clearly showing signs that it doesn’t work as it should.
I even remember reading some posters here have been raising that issue than, that what was the point of buying those shares at 50p when they vould of waited few months and get a lot more shares for their money. Applying your logic to the case, buy more with less 😉
Giantsquid
I agree with that. I am not blaming the company, few days ago I posted my thoughts about LSE and UK companies beeing undervalued probably because there is no confidence in UK market in current situation.
Unless you are Daniel Hannan who clearly see things which rest of just can’t.
LTI
You always use the same prerogativ that investor share of the company increases. That is true however in this case investors have lost the value of the capital. I might be wrong but I think I would of have more shares if I bought now at 42p than if I bought a year ago at 52p and therefore I would of have bigger percentage of the company. Simple.
My old Audi gained more value over the pandemic year than LBG over three years since pandemic and bilions of pounds thrown at it
Just my view
Good morning all
I read all your yesterdays conversation last night and it was entertaining to say the least. From what I can gather there are few here that defend the LBG and more of you who just sit in disbelieve and posting sarcastic coments at those in denial of the curent situation, which some were hilarious and made me laugh
My view is that although I agree in principle with LTI and Hardup ( btw hardup was making amazing job at calculating each day of buyback as it went by), the point of buyback is to decrease amout of shres in circulation therefore increase the value of each share. That would happen should the value of the company stay the same. But when last year buy back started at around 52p (I may be wrong, I just round up the numbers), tha value of the company was around 31bln. After 2bln repurchase program has finished tha value of the company has fallen to around 28bln. And now is around 26bln.
So I find it hard to believe that you gained anything let alone 13%. We have all lost the value that we had here. I just looked at the graf since pandemic and its same evry year around february annoucment the shares go up and as the buy back winds down the shares slide down as well. Not creating any value.
To summarize I share the frustration of fellow shareholders and investors who feel that we are not gaining anything.
It looks similar impact to me, but as I posted before, WizzAir was the second biggest carier in Tel Aviv so no surprise they are hit harder by canceling so many flights.
Easy jet also posting a loss for the period and always has been since I start looking at their shares about 8 years ago
Here is a section from yesterdays EasyJet update
easyJet's seasonal winter loss for the first half of FY24 is also expected to improve year-on-year despite a direct impact1 of c.£40 million (and further indirect impacts) from the conflict in the Middle East.
Nothing new. We knew about it. And we knew that planes will be parked and engines removed for inspection than put back on the planes so they can return to fleet.
That is how it hapens. And its all paid for by the engine manufacturer and compensated for.
Just like when you buy a new car and there is a recal, you just need to turn up with your car and they will do the job. In more serious cases you get curtesy car for the incovenience.
So no news really.