Member Info for SteJSteJ

No need to engage with that poster, they have been shown to have no idea what is going on time and time again. Best just to filter and ignore.

Much more intetesting to read than those who claim the company is dead though

It's a persistent one, I'll give it that

There already has been, the options were extended.
DFS on track to be submitted by year end so there's a good chance we could hear something official around that.

You've been saying this for months Snoop, it's still not the case.

But gold is the natural counter to nuclear, just like paper beats rock

The spread is huge Neil, no one can be trading this at a profit

You can exit your zero shares whenever you like CALLS, it makes no difference

Lti
"
Assets (cash) comes off of the balance sheet but at the same time -
The share repurchases reduces shareholders' equity by the same amount on the liabilities side of the balance sheet."

You realise this says there is less value in the company right? Assets and liabilities are matched and both are reducing?
Hence mcap is reducing

Ah, you've ignored the 39 upvoted answer and quoted the 2 upvote answer.

Both links say it reduces. Not sure what you are reading

The mcap reduces, it does not stay constant

You are rather rude and rather wrong.
Do some actual research yourself. Ask google if share buybacks reduce mcap.
Enjoy the results

And that's the 4th time you are wrong. Mcap reduces.
Read the links I provided you with or do a google search

Failing that, please seek financial advice on this matter as you are incorrect

I have requested you explain the flaw in my example and you seem unable to.
I have explained where you are in error regarding your mcap statement, and provided a link explaining it again.
You are drastically wrong here and are rather rude whilst you do it.
Here is another link that could be of use
https://www.quora.com/Do-stock-buybacks-reduce-the-market-capitalization-of-a-company

Please take some time to educate yourself as you may be making investing decisions based upon a fallacy of your own making

That would be unchanged as they have swapped cash for an asset.
A share buyback is not that.
The shares bought back get cancelled hence have no worth.

You are very much incorrect here. A quick google search and some simple maths shows you this.

https://www.board-advisory.com/compensation-committees-and-share-buybacks

Your math doesn't add up though. As can be easily seen.
You don't seem to grasp the concept.

Based on your logic, lloyds could buy all it's shares back for £29bn, and still be worth £29bn despite paying £29bn out to people to buy the shares

You seem to be conjuring money out of thin air there.
Money leaves the company to buy back the shares, that reduces the mcap.

E.g. If a cash shell company with mcap of £100m spent £50m buying back shares, it's only got £50m left so it's mcap reduces to £50m. The other £50m has gone to the people who's shares were bought.

And still no reason why my example is incorrect