Lloyds Banking Share Discussion Threads

[hardup1] 08/5/2024 18:01

After 51 trading days, buyback complete to date:
Total shares to date........................1,170,900,546
Aggregate cost to date... ..................£589,754,657.28
Average price paid to date..................50.3676p
Percentage of £2 billion buyback completed..29.49%

[fewdollarsmore] 08/5/2024 17:16

Ok hardup perhaps wrong choice of words but it was not paid out meaning we missed out therefore I would much prefer a couple of special divi payments but if the share price goes north of 70 then I will be happy!!

[optomistic] 08/5/2024 15:57

...so it was cancelled without shareholder approval :-/

[hardup1] 08/5/2024 15:51

"while on the subject whatever happened to the final that was held back due to covid…"
The 2019 Final Dividend wasn't held back, it was cancelled. As it was cancelled it was removed from the agenda of the May 2020 AGM for shareholder vote to approve.

[pierre oreilly] 08/5/2024 15:14

Sets doesn't know whether shares bought are for a buyback or not, so the effect is exactly the same, buys are taken from the offer side leading to higher offers at the top and yherefore a higher mid.You seem to be saying because assets are less due to the cash used, then the price should drop. But those assets are divided by fewer shares and the assets per share would stay similar. All other valuation numbers improve to, the divi ps rises for the same divi pot, the p/e also improved because the earnings NHS are divided between fewer shares ( and they are the main valuation criteria, not cash held). These are why buybacks class as cash returns to shareholders, the cash is in the form of a higher share price ,(than it would otherwise be, and most people forget that last bit). I.e. if lloy would otherwise have gone down 2p today the buyback today could limit the drop to 1p, and similarly up 3 becomes up 4.

[jordaggy] 08/5/2024 14:51

We was robbed I tell ya, robbed! swines.

[fewdollarsmore] 08/5/2024 14:44

Buybacks only work if they don't issue out free shares to all and sundry would much prefer a special dividend, while on the subject whatever happened to the final that was held back due to covid...

[gbh2] 08/5/2024 14:17

Not to mention it no longer has to pay dividends for those bought back.

[dexdringle] 08/5/2024 14:12

"So you think 2.1 billion shares can be bought without affecting the price?"

Well, yes, obviously. Because the shares are being bought with £1.2 billion of Lloyds cash that leaves the business. So the business is worth £1.2billion less. There are fewer shares and correspondingly fewer assets. It's a net neutral game.

You do realise that the company buying £1.2 billion of its own shares is completely different to an outside body spending £1.2 billion of external money buying those same shares ?

[pierre oreilly] 08/5/2024 11:09

So you think 2.1 billion shares can be bought without affecting the price?

Good luck with that.

When the buyback was announced I bought many more even though I had what usually is my maximum value in any one share.

I'll probably sell that excess in a few months time as the buyback nears completion. Of course there's no gtee buybacks increase the price, but they certainly increase it from where it would otherwise be without the buybacks - that simply follows from sets. In fact, I'd say lloyds is the best example of the effect of buybacks.

I know the overriding view of most is that buybacks 'don't work'. I'm very surprised most people think that, but as you say, each to their own. They put the odds of profit more in your favour imo, a positive factor amongst many factors.

[millwallfan] 08/5/2024 09:13

PO as a FTSE share the rise is purely related to the FTSE having gone bonkers over past few months. 7,450 to 8,350 and IMHO very little if anything to do with the share buybacks. Each to their own interpretation.

[xxxxxy] 08/5/2024 08:40

Trade hits new recordsMAY 8, 2024 7 COMMENTSRemain tried to make out Brexit was mainly about trade. It was of course mainly about taking back control, giving us the right to make our own laws, set our own taxes and spend our own money. They also asserted it would damage our trade to leave. They said we would not even be able to roll over all the EU trade deals we were part of. Treasury, Bank, much of the civil service and Remain parties pushed out these lies continuously. The Treasury famously summed up its conclusions by saying wrongly that leaving would " push the UK into recession and lead to a sharp rise in unemployment. " Their severe  shock scenario meant an extra 800, 000 unemployed  and a 6% fall in GDP!So what happened?After the vote unemployment fell and the economy grew. Trade went up.The UK did roll over all the EU trade deals into UK trade deals and in some cases negotiated improvements to them.The UK went on to agree a trade deal with the Trans Pacific Partnership countries. The UK also at some needless political cost signed a trade agreement with the EU.The government has recently released figures for what has happened to our trade since the vote and since we left. Our service exports have doubled since 2014 to non EU countries (2016 was a little up on 2014) and risen by more than a half since 2016 to the EU.The UK is now the second largest exporter of services worldwide after the USA. We are now adding service sector chapters to trade deals which the EU was unwilling to do.Total exports are up from under £600 m in 2016 to £862 bn in the year to February 2024. They are up by a third to the EU and by considerably more tothe rest of the world.... John Redwood

[xxxxxy] 08/5/2024 08:36

Oops! Another Brexit Britain win for Rejoiners to try to explain awayUK's services exports have risen almost 30% in real terms since the EU Referendum year?Montage © Facts4EU.Org 2024Brexit Facts4EU.Org once again blows apart the 'Rejoin' narrative, using the official dataOn Friday 26 April 2024, the Office for National Statistics released sets of official data about how well the UK's export economy is working. We first reported on part of this here.Today we can reveal that the UK's service sector has increased its exports globally by almost 30% since the EU Referendum year of 2016. And to reinforce the point we are using the figures in real terms (after adjusting for inflation).BREXIT FACTS4EU.ORG SUMMARYUK services exports, 2016-2023, CVM (taking out inflation)2016 : £294.3 bn2017 : £313.3 bn2018 : £332.2 bn2019 : £338.5 bn2020 : £302.6 bn2021 : £330.0 bn2022 : £357.2 bn2023 : £381.1 bn[Source : Office for National Statistics, 26 Apr 2024.]

[pierre oreilly] 08/5/2024 08:36

I'm very happy with a daily 0.5p/1p rise, which I feel is significantly due to the buybacks, with little else going on to cause that ATM.I'm afraid shares like this don't rise 30/40% in a day, if that's what anyone is expecting.

[chinese investor] 08/5/2024 08:30

Chinese Investor (LLOY) 27 Feb '24 - 12:05
15p to 60p !

RobbieReliable (LLOY) 27 Feb '24 - 12:19
I very much doubt it.
50p perhaps not out of reach.
Please keep the pumping down though as it actually puts off serious investors not encourages.

Chinese Investor (LLOY) 28 Feb '24 - 08:44
14p to 60p !

Chinese Investor (LLOY) 29 Feb '24 - 11:17
13p to 60p !

[xxxxxy] 08/5/2024 08:29

Just Bonkers and irresponsible.

[xxxxxy] 08/5/2024 08:29

Up to 300 defence companies debanked by high street lendersMPs raise national security concerns after Santander and Lloyds close accounts.. Daily Telegraph

[polar fox] 08/5/2024 07:31

CI,

Allow me please to give you some free advice.

I've just taken a look at the 10-yr chart and 58p has absolutely no significance. Whereas 56p has huge significance - it was the high at the beginning of 2022 and when it is broken - it should soon be - it will open the way to a L/T move up into the area around 70p. Unless you suffer from a terminal illness, or similar type reason, I strongly suggest you change 58 for 68/70/73, take your pick.

[stonedyou] 07/5/2024 21:23

MILITARY SITUATION ON UKRAINIAN FRONTLINES ON MAY 7, 2024 (MAP UPDATE)

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Russian strikes were reported in the Sumy region;

Russian strikes were reported in Toretsk;

Russian forces advanced near Novopokrovske;

Russian forces advanced near Robotyne;

Clashes continue in Krynky;

Clashes continue in Chasov Yar;

Russian forces repelled attacks near Sinkovka;

Russian forces eliminated 335 servicemen, one Leopard tank, one M113 armoured personnel carrier, two armoured vehicles, three motor vehicles in the Kupyansk area;

Russian forces eliminated 600 servicemen, one tank, three armoured vehicles, ten motor vehicles, two Gvozdika artillery systems in the Donetsk area;

Russian forces eliminated 395 servicemen, one Abrams tank, two infantry vehicles, two armoured vehicles, four motor vehicles, one D-20 howitzer in the Avdeevka area;

Russian forces eliminated 170 servicemen, two tanks, two armoured personnel carriers, seven motor vehicles, one M198 howitzer, one D-20 howitzer in the Southern Donetsk area;

Russian forces eliminated 40 servicemen, three motor vehicles, and two 155-mm U.S.-made M777 howitzers in Kherson region;

Russian air defense forces intercepted 32 Ukrainian drones over the past day;

Russian air defense forces shot down seven Hammer guided bombs, and seven Vampire MLRS projectiles over the past day.

Clashes continue in the eastern part of the Kanal district;

Clashes continue on the outskirts of Grigorovka;

Clashes continue near Kalinovka;

Up to 600 servicemen, one tank, three armoured vehicles, ten motor vehicles, two Gvozdika artillery systems were destroyed in the area.

Russian forces advanced near Novopokrovsk;

Clashes continued on the outskirts of Novoleksandrivka;

Up to 395 servicemen, one Abrams tank, two infantry vehicles, two armoured vehicles, four motor vehicles, one D-20 howitzer were destroyed in the Avdeevka area.

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[stonedyou] 07/5/2024 21:16

RUSSIAN FLAGS WAVING IN KISLOVKA, KHARKIV REGION.

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On May 6, Russian servicemen claimed their control of the village of Kislovka in the Kharkiv region. Russian flags were raised throughout the settlement.

The Russian 1st Tank Army reportedly competed the mop up operations in the villages of Kislovka and Kotlyarivka, hoisting Russian flags over settlements in the Kharkiv region.

The breakthrough was possible after units of the Russian 47th Division broke through several lines of defense of the Armed Forces of Ukraine in the village of Kotlyarovka adjacent to Kislovka. As a result, both settlements were fastly liberated by the Russian army. Then the villages were completely mopped up and Russian fighters gained a foothold in them to continue their further advance.

On May 6, the Russian Ministry of Defense officially confirmed the full control of Kotlyarovka. LINK The Ukrainian military sources recognize the loss of their control of Kislovka. The fighting has already reached the neighboring Ivanovka, Russian forces advanced to Stepovaya Novoselovka.

Russian flags raised in the villages:


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