Member Info for seany123

Over 4%

How nice

2B Divi Nov & 1B buyback phalanx year from Feb 22

Yes please Grimm?!

What's the consensus divi be??

Barclays lists Lloyds among its preferred names

Fri, 8th Oct 2021 09:23
(Sharecast News) - Analysts at Barclays believe that UK banks are among those poised to outperform, alongside lenders in France, Netherlands, Austria and the Nordics, with Lloyds being one of their preferred names in the space thanks to its high profitability.
Spanish and German banks on the other hand were seen as more likely to underperform while they remained neutral towards Italian, Irish, Swiss and Belgian names.

Key to their call, while all banks would benefit from interest rate hikes, some where better placed to deal with the risks that might arise, namely: pressure on their net interest margins, less support from volumes, and cost inflation.

Those risks, the analysts said, would bear down most heavily on lenders with lower profitability and capital buffers.

Yet Lloyds, for one, was already delivering a return on tangible equity that was above its cost of equity and had an "ample" capital buffer.

The importance of all of the above lay in the fact that the broker's preferred names were still sporting a dividend yield of approximately 7% and offering a total return of about 8%, against a sector-average yield for 2022 closer to 5.0% and total returns of 6.0%.

Given that those lenders' return on tangible equity was seen a sustainable and because of their distribution capacity, the analysts expected their shares would re-rate.

Barclays' other preferred names were ABN, Intesa San Paolo, and SEB.

Come on dinlow's £4B buyback today before it's to expensive!!

This stock is so *hite there must be something going on behind the scenes, either absolutely illegally nothing or a big move is coming?? £33.2B easy take over?? What you reckon?

Tesco's doing buybacks.

It revealed an interim dividend of 3.2p-per-share - in line with the same period in 2020 - and said it was to launch a £500m share buyback programme next year in a further boost for investors.

Lost for words, thousand cuts whilst having your feet set on fire. Terrible terrible share. Vote for a complete lack of confidence in the Board!!

Just anything positive from any of these incompetent Board of Directors that have been in place for the last two decades!!

Warren Buffett thinks buybacks are “encouraging and rewarding” for shareholders
Warren Buffett thinks buybacks are “encouraging and rewarding” for shareholders
David Brenchley
Sunday October 03 2021, 12.01am, The Sunday Times
Warren Buffett’s biggest investments have many things in common, one of which is their ability to regularly buy back their stocks from shareholders.

Buffett’s two largest holdings, the tech giant Apple and Bank of America, the investment bank, are among the most prolific users of share buybacks in the S&P 500 index of large American businesses.

A buyback cuts the number of shares available to buy on the stock market. Fewer shares in circulation increases a company’s earnings per share (EPS), a measure used by investors. A higher EPS normally means a higher share price.

Buffett thinks that buybacks are “encouraging and rewarding” for shareholders. They are used more often by US companies than in Britain. Since 2016, two thirds of British businesses have made use of them, compared with 89 per cent in the US.

As a generalisation, UK companies prefer to reward shareholders through dividends. But some believe that the 1.25 per cent hike in dividend tax will encourage more to opt for buybacks.

John Moore from the wealth manager Brewin Dolphin said: “Not only will this be more efficient in terms of the overall level of tax paid, but it also gives the investor the ability to choose when to pay the tax: when they sell their shares or when they receive the dividend.”

The Invesco Buyback Achievers ETF, a fund that tracks a basket of American companies who consistently buy back shares, has grown 41.6 per cent in the past 12 months compared with 25.8 per cent for the broader S&P 500 index.

Do buybacks cut my tax bill?
The annual tax-free allowance on dividend income is £2,000. Above that, basic rate taxpayers will pay 8.75 per cent, up from 7.5 per cent, as part of the tax and national insurance increase to pay for healthcare. Higher rate taxpayers will contribute 33.75 per cent, up from 32.25 per cent, while those in the additional rate bracket will shoulder a 39.35 per cent bill, up from 38.1 per cent.

Investments held in an Isa or Self-invested personal pension (Sipp) are free from dividend and capital gains tax. You can put £20,000 a year into an Isa and £40,000 into a Sipp.

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Capital gains tax (CGT), paid on profits from selling shares — above a £12,300 threshold — is unchanged at 10 per cent for basic rate taxpayers and 20 per cent for those in the higher and additional rate brackets.

“While the tax increase isn’t a killer amount, it should be enough to make companies consider how they return capital to shareholders,” Moore said.

In the US share buybacks add roughly the same value for shareholders as dividends. In the UK dividends are worth three times more than buybacks, on average. This means that “there is room for buybacks to grow” in the UK, accordin

I be happy with sizeable buy back.

"At each year end". Somewhat Ambiguous !!

Thanks Falky.

"By end of year". 31st Dec 21? What date RNS was that please? Can you copy and paste the RNS please.

What's peoples views?? Only polite people may reply !

There is something seriously wrong with this share!;/(

Where we going this week with the share price!!

Rebranding the 1.25 per cent National Insurance increase as a health and social care levy may take some of the wind out of opposition to the measure. But a reckoning may be coming for the prime minister when people fully realise that they will be paying more tax, plain and simple.

The government seems to be hoping to obscure something else too. John Glen, economic secretary to the Treasury, signalled to the City through an interview in the Financial Times that there would be a tax cut for banks in the budget next month. Ministers presumably believe most people will not connect the fact that they are in line to pay more tax while banks pay less — and that there is even the possibility that individual bankers might benefit more, with Glen confirming a report in The Times that their bonus cap is “under review” as one of several potential Brexit freedoms.

Despite the tough messages about spending cuts to be dealt out in the budget on October 27, the government is preparing to stick to its plan to boost the competitiveness of the City, building on the recent positive picture of London flotations, investment in British financial technology groups and banks having supported customers with lending through the pandemic.

But the chancellor’s giveaways might not all be as positive as they might first appear. Big banks will be united in welcoming a cut in 8 per cent profit surcharge tax and any inkling that the levy on balance sheets may finally disappear, but they should think twice if the chancellor mentions the ring fence that has sliced up big banks’ internal workings.

The measure, which has cost banks about £3 billion collectively to implement, was introduced after the financial crisis to force big banks to separate the deposits of individuals and small businesses from their investment banking businesses, to try to avoid taxpayers having to bail out lenders again.

The Treasury has appointed Keith Skeoch, the former Standard Life Aberdeen chief executive, and an independent panel to consider changes to the ring fence. Skeoch is due to report back this year or early 2022, but there are expectations that the Treasury might drop some hints sooner about its thinking in an effort to present a wide-ranging post-Brexit plan.

At the moment, any British bank with more than £25 billion of customer deposits has to separate them. The level was set far lower than in Europe or the US, with regulators reasoning that financial services make up a huge part of the UK’s economy, so particular caution was required.

Its impact has been mixed. There is general agreement that ring-fencing has helped to boost financial safety but that it has trapped hundreds of billions of pounds inside the ring fenced operations of HSBC and others, which they are deploying into ultra-low mortgage loans as they cannot put the money to work in big commercial loans or investment banking activity. That has created a price war in home loans and made it harder for small lender

https://www.dailymail.co.uk/money/markets/article-9985511/BUSINESS-LIVE-Pingdemic-shrinks-Primark-sales-Rolls-Royce-sells-stake.html