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They could have added more to the buyback pot at mid year, even if it was only £0.5bn especially while trading at these levels. Now we will probably have to wait until after the results in Feb again for it to restart.
50m+ today and the next 5-10 days please, especially as it falls below all the moving averages. If they stick with this buy back and commit to it long term there will be a really big tipping point in 2-3 years time even if the company is still valued between £30-40bn and the share count heads to 50-55bn
Great light hearted trolling, especially on a Friday…makes a change from the communists constantly moaning about the government and brexit which is what half this board is unfortunately…
100% a stopped clock is more accurate. A typical bunch of lefty globalists who are pro EU. Their chief economist has been writing anti brexit articles since 2016 and is very much on the EU gravy train so is hardly going to forecast without bias and say growth is going to be greater than other countries. It’s laughable though how they think if they keep forecasting doom and gloom they have the influence to make it happen.
Don’t over-invest in one or two stocks to spread your risk across multiple sectors investing in one of each, eg: banking, insurance, engineering, house building etc. and get exposure to multiple regions as well a tracker of the US economy or tech stocks is also good for diversification away from the FTSE100 or 250.
Dependant on your objectives look at a combination of growth and dividend yield stocks. Also when buying look at the 52 week, 3 and 5 year high/lows to get an indication of whether you are buying at the top or bottom of the market to go along with the rest of your research and the companies future prospects to get a balanced view.
That’s incorrect as a significant % of the bonus pool is paid in cash and not in shares to most employees. The figure last year was something around 400-500m shares mark not £ so we should still get around 2.5-3.5bn shares taken out of circulation across the year dependant on the share price.
I might sell a quarter of my holding in this the day before the results as the amount of times the price dives on results day regardless of weather it’s good, bad or indifferent and then look to buy back in at a lower price either prior to the divi or after dependant on the divi amount especially with the dividend tax changes coming.
Hopefully a big day on the buyback throughout the day, few things more frustrating with it when we have a number of down days and the buyback volumes are low. I know this is capped at % of daily volume and triggered by moving averages etc. but if it’s a standard approach using pre-set parameters then anyone could do it and it questions the value of paying a broker to do it unless it’s a regulatory thing to ensure impartiality?
I don’t know why this is such a massive surprise they do it every year. If people researched the of the number of shares in issue before investing they would know this. At the current suppressed prices it should still be on track to get the 4bn reduction of shares in issue by the completion of the buyback. If they want to commit to this longer term they do need to commit to it properly and be more aggressive with it, like increasing the buy back pot at the mid year results stage rather than waiting until the year end results in 2023.