RE: Update on buybacks5 Aug 2023 08:37
You answered your own question
Its call ''Long Term''
as you point out in 2018 average buy back 67.25p
So us todays buying back unloved shares at 43p is really no brainer
Don't be fooled by the un happy posters on here moaning 24/7 about our Buy Backs
IMHO
90% of them are Traders and on a wind up , it how they play the game to want to make money here short term .. rocking the boat , shouting their heads off, moaning about the Bank , how they are un happy here...lol
Lloyds Banking Group is in an very fortunate position to have excess profits and to be in a position to reduce it capital / share count
I waiting a few years and letting the buy backs to be completed and the dust settle, then see where we end up ( share price ) before I have an opinion on Lloyds Buy Back program.
We actually have deleted 10 Billion shares since 2018 that's one good going IMHO who what of guessed that 4 years ago
Well done Charlie Boy
As Oliver says:
CAN We HAVE SOME MORE PLEASE in 2024