RE: Lloyds is laging behind!29 May 2022 19:34
Hi jcb208
QUOTE
''Had an email from simply wall strreet my Barclays shares up 11.6% this week after starting the buyback, shame Lloyds cant perform as well when nearly 50% through theirs''
UNQUOTE
I know we all want the share to blast off, but Id prefer us to be buying back shares at 45p than 65p like last time around
Buy Backs are to buy and cancel as many shares as at the cheapest prices possible.
If we can cancel 4 to 5 Billion shares in 2022, I will rise my glass to Charlie boy this Christmas as I believe over the next 18 months the share price will be rebalance higher with the less lower Market Cap on the balance sheet .
Rome was not bult in a day they say.....
Last thing I personally want is a 10 for 1 share , I feel I may never see my 63p again here for a long time.
It never worked out at RBS and we also will be hammered by the market , they just don't like it at all its shows weakness in the Management IMHO
So while we below NAV value 57p I happy for us to spent a percentage of profits on Buy Backs :_)