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No, it's your own money invested and you have a right and frankly duty to express your views how that is managed. Has anyone worked out the 'actual' mathematical impact of the buyback on share price taking into account all the additional printed shares? Was it something like worth 0.6p? Good luck for today all!
>I agree, the current buyback will only add about 1.5p value to each of my shares which as you say isn't much. Not if you take into account the printing of the new shares, it's only small fraction of that... Fingers crossed for a better day tomorrow, hopefully not another down, down, deeper and down day....
I think that analysis is fairly reassuring for long term holders :-) Fundamentals with lloy are strong with sentiment poor. In a storm a safe haven is usually sort. Again, personally don't see it dipping under 60p for long unless some catastrophic unforeseen brexit meltdown occurs.... Hey if we could all predict what was going to happen we'd all be trillionaires (just in case some on here are billionaires...) Good luck, let's see how it plays out, see if we are destroyed by the end of the week :-)
Would be surprised if this ducks below 60p for anything more than a short time (no pun intended!). For those holding long term for dividend these fluctuations are cyclical and thus I guess whilst not comfortable to see are largely irrelevant if intending just to hold and fundamentals remain solid.
All this talk of buyback has mathematically raised share price don't mean squat as the negative sentiment around it has lowered it much further, same goes for the lower than market expected/wanted rise in dividend.
And a glowing example of why sentiment rules. You can show all the fancy positive fundamentals, piddly buybacks etc. but unless something radical (as previously alluded to) is done to shift the sentiment with this share then it's price will not recover.
No one responded about the buyback having negligible impact on share numbers in circulation due to the mass printing of new ones. Perverse to be buying back shares on the one hand then to be printing them in such volumes as to make the buy back practically insignificant. All this talk with the buyback of better dividend returns for shareholders with there being less shares is clearly a nonsense and the market clearly knows it....
JMO ''that way you would know without a doubt how much you had received.'' >At the end of the buyback there is no doubt that Lloyds share price will be worth 1.4p more than without the buyback Sadly sentiment means that the actuality is different.
>Back in 2013 lloyds paying no divi and share price 73p'' >So RGTR you need a rethink about the relationship between dividends paid and share price And there in lies the evidence and point that everyone seems to forget, sentiment drives share price. Lloyd's has been in a rut for forever with negative sentiment - good news ignored, bad news hammered. What it needs to reset this sentiment is something significant. The market has sussed out the buyback for what it is, insignificant.and reducing potential shareholder dividend. Someone asked what has happened to the share price since the rise from 1p to 1.07p, well again the market was expecting better and this was merged with another significant ppi hit of which there will be significantly more before it's finished. Now for significant, what if they had raised the dividend by 50%... Additionally how about more controversially a change of ceo (ppi misjudgement is enough of a reason) to one with more ambition. Something of significance on this scale has to happen to change the negative sentiment and reverse the long running poor performance of the share.
Haha Lloyd's buyback... stunning impact on share price. If buyback funds were used for extra div then share price would rise far more than with this ridiculous buyback that the market is well aware is a complete farce, subsidising staff bonuses and robbing shareholder dividend whilst having meaningless impact on number of shares in circulation before buyback started.
Seems I was reasonably accurate for once, divi 1.07 was bang in the middle of my predicted range 1.05 - 1.10 and SP also in the middle of my 63-64 range. Reasonable performance given performance of other bank shares today and ftse.
Hopefully Barclays results are well received tomorrow and we can get a rise on the back of that, maybe get over the 64p barrier, if an interest rate rise then maybe 64.5. If neither back to 62s or less..... :-(
Not looking forward to them now, nothing more than gut feel but with ppi hit and other write offs the subsequent dent in profits might and usually does hit the share price...... Surely we are due some positives at some point in relation to the share price!
You have to realise it's all a game, BOD knew all too well what the likely impact of PPI was at the outset but couldn't say that or Lloyd's would have been sunk. Same is still true today with all the promises of last ever provisions etc. Etc.