RE: 11th May 20152 Jul 2023 16:43
Hi Gazza
You know full well any consolidation is not good for anyone holding the share in any company , its only done when a company is placing new shares on a regular basis and raising money like many on the AIM market.
Companies who cannot get credit from its lenders without been charges high interest rates and fees
Lloyds Banking Group is a profitable and making good money, and buying back shares is in the long run is going to reward their shares holders by buying back and cancelling existing shares , in turn making the shares scarce . hence adding value to the share holders ( stake ) in the company.
Buy Backs are a no brainer for long term holders and maybe just one day over the next few years, I WILL see my £1 here IMHO
The promise land