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I just bought 2 million shares and will sell them at £1 each
Problem you have is the wealthy do stupid things with their money like buy Lloyds shares and then don’t stop crying about it like get out the begging bowl and I will throw you a few more pennies.
Problem is with buy back is they are done when the company is doing well and has excess money which is also when the company share price is high so by backs usually are a bad investment unfortunately.
If you buy buy shares that go up after 1 or 2 days or years and you sell them to buy back cheaper what’s wrong with that??
That’s what makes the market what it is.
If you’re taking about naked shorts then that is something else but why shouldn’t you make a profit when a share price falls all because you didn’t buy when it was low?
It’s easy to blame someone or something when your investment is under water but what fun would it be if everyone buys a stock and it just goes up?
Profits were $13.8bn (£11bn) in 2023, down from $27.7bn in the previous year.
BP is more a £3 then £6 share. The share price is artificially high because of share buy backs. It’s like me buying my neighbors house over the asking price to keep property prices high. Money spent on buy back should have been given back to shareholders in a divided. It’s like getting a pay rise just to keep up with inflation. Inflation been the share price drop but there is no pay rise this quarter unless you can’t read a rns
To be fair it’s still a good price to sell at the moment most people bought around £2 to £2.20 so that double bubble without the dividends but now you can get the equivalent of dividends in a bank risk free. Buying will start again around £4 to £3.75 or when interest rates drop to below 2 percent which will never happen again unless we see a massive economic disaster which we can’t rule out. Me or you is in hiding again with all the bad advice rightly so.