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Https://www.thisismoney.co.uk/money/investing/article-12931451/Can-buyback-boom-revive-FTSE-100.html?ico=mol_mobile_moneyinvesting-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Finvesting%2Findex.html&_ga=2.250101766.1823327556.1704913431-1491851264.1700254981&_gl=1*6lcvb7*_ga*MTQ5MTg1MTI2NC4xNzAwMjU0OTgx*_ga_XE0XLFFF16*MTcwNDk3MjQzOC41Mi4xLjE3MDQ5NzI3MTEuMC4wLjA.
Ian Lance, manager of the Temple Bar investment trust, says: 'Over the past 20 years, Next's buybacks have reduced the company's shares in issue from 327million to 128million.
Bumper buybacks: In 2023, the FTSE 100's members, including BP, HSBC and Shell, made £57.4bn-worth of share buybacks +2
Bumper buybacks: In 2023, the FTSE 100's members, including BP, HSBC and Shell, made £57.4bn-worth of share buybacks
'As a result, the earnings per share have risen from 58p to 530p, giving an annualised growth rate of nearly 12 per cent. There's also been a 3.7 per cent annual dividend, meaning shareholders have enjoyed a 15.4 per cent a year return.'
Under buyback schemes, investors do not receive an income, but do gain a larger stake in the company, plus the entitlement to more of the dividends, since the firm's earnings per share are boosted.
Don't forget the structural hedge profit's Stage. Mootley fool explains it well.
https://www.fool.co.uk/2024/01/06/could-the-lloyds-share-price-hit-60p-before-the-end-of-march/
Https://www.fool.co.uk/2024/01/06/could-the-lloyds-share-price-hit-60p-before-the-end-of-march/
Telegraph & SW Annuity book sale proceeds guesstimate £1.5B - £2B profit, extra 0.5B Buyback & 0.5p special dividend, the remainder will be kept on the balance sheet for "anomalies" OR the purchase of another company/book ie Tesco Bsnk! Thats my thoughts 💭 morning LTI! Go for it. x
LTI , How much excess is there in LBG vaults? Tesco Bsnk as an example??
"The Lloyds BOD were planing to return what they consider excess capital to shareholders by the end of year.
Of course what they currently have in excess could just as easily be used in part or fully on an acquisition"
I never said Lloy"F"s (did you spit your dummy out?) was about to get £6B! You numpty ✊🤣. You really should have a yank from time to time to relieve some stress and try tiring a knot in something else instead of the posters on this board! 🤔🤷🏻♂️🤌 humpy numpty!