George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
That's a very good question JCB, certainly not paid out to us poor old hard done by private investors, the LBG pension is fully funded now and Telegraph sale done, so there should be some scraps for us PI's in Febs meeting.. only scraps though ! Maybe the SW Annuity book sale may generate some more scraps too, you never know he BoD may feel sorry for us??
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.