Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Have to transfer some funds back to my company before year end, thus forced to sell £300k worth at averaged 52.42.
Been waiting a while to do this and said I'd do it if rose above 52 so sticking with the gut. Hoping I can buy back within my company for a slightly lower price when all the Brexit worries kick in again.
Well what a disappointment, no explanation from either of you. I don't know how I'm going to sleep tonight, I was counting on you both with your superior intelligence to educate my simple brain.
"I'm only simple and sure you can understand the confusion when you say that it is the market that determines the share price but then say the share price is 1.4p higher now because of the buyback."
And even worse I still don't have an answer from either of you as to whether you consider the buy back a glowing success with an average share price of 5p above current share price.
Goodnight all, it's been fun as always :-)
Again I think I said it wasn't a glowing success at 5p average above current share price. As I've asked LTI, I presume you would say that this is a glowing success.
"Didn’t you know LTI that the Board are supposed to know the every movement of Lloyds share price and have failed in their duty not knowing that the price would dip below the average buyback price ?
That’s how it works isn’t it Rob ?"
Steady on LTI, calling people stupid is just not cricket dear boy/girl.
I see you're trying to distract away from my simple point that the buyback was not a glowing success with an average share price 5p above current share price. Given that fact, I assume you would still say it was a glowing success?
Genuine LOL, keep calm LTI I don't want to upset you, it's only a bit of healthy discussion.
I'm only simple and sure you can understand the confusion when you say that it is the market that determines the share price but then say the share price is 1.4p higher now because of the buyback.
"
Retry
There you go again.
You said
''it's not the number of shares in circulation e.g. buyback.''
suggesting that people on here said that it was, and that we have changed our minds.
I have always said that it is the market that determines the price. Clear?
Pathetic"
"Even though a couple silly people thought that AHO could influence the share price and had made sure that the share price remained low for the buyback, everyone apart from these two knows that the market determines the share price"
Hey you two, you're speeding up not slowing down, there's smoke coming out of my ears trying to keep up! :-)
"Precisely, now you may understand, even you couldn't fail, which means it would be a success, making your post about it not being successful a rather silly one."
Well I think I said it wasn't a glowing success. It wasn't at 5p average above current share price. You're correct anyone can buy back shares so why are you trying to contradict my point about it not being a glowing success with an irrelevance about successfully buying back shares?
Apologies LTI, I thought you said it was the market that determines the share price, oh wait you did say that! :-)
"Please don't start making things up like JF, mick-b to name just a couple.
As you should well know, what was said is that the share price is about 1.4p higher now than it would have been without the buyback. This must be about the 50th time this has been said."
Where's James?
Ease up on the speed of the posts you two I'm struggling to keep up, I'm a bit slow you see.
No point bleating on about BOD successfully buying back shares, it's hardly an achievement, even I can buy shares. Maybe even do it better than at an average of 5p above current price!
"Another £2bn share buyback seems eminently sensible to me as the Board must consider the share price undervalued as did you as I recall recently when you purchased more...…"
Honoured that you're tracking my movements, yes they are clearly undervalued as I have trading pots at 64ish and 61 ish, another of my great successes! :-)
Hey it's the LTI and GateBoy tag team again :-)
Well AHO did do a good job of influencing the share price when he needed it to peak just in time to trigger his bonus, oh sorry no that was just a coincidence...
Good to see now though that you agree the market determines the share price and it's not the number of shares in circulation e.g. buyback.
Evening too Gate13Boy :-) Some would say that it is others on here that are naive but everyone entitled to their opinions! Only said it wasn't a glowing success, it clearly wasn't. And yes I would expect the very well paid experts for this to have made a better stab at it.