Lloyds Banking Share Discussion Threads

[institutional investments] 11/7/2024 18:33

Sky news

Question to you all.

Do you want to see child poverty rise? Well, i for one do not

I emailed the minister and confirmed I am happy to pay extra taxes on top of what I already pay, to save the UK children

I'm actually willing to pay an extra 400% tax

[jl5006] 11/7/2024 18:25

Cant ever be we did not realise
Cant be that education serves no purpose under woke law
Cant be useful to have HOC stuffed with those without critical experience who can challenge the blob
And u not me voted so!

[utrickytrees] 11/7/2024 17:52

We've managed to import or cultivate drugs & criminal gangs that are free to operate outside the law without impunity because the thin blue line has been stood down allowing chaos & anarchy to thrive in many of our city centres. I wouldn't be surprised if the black economy has 10x in as many years.

[hardup1] 11/7/2024 17:25

I made a post number 21002 on the 29th July 2022 which I have copied below.

hardup1 - 29 Jul 2022 - 12:36:09 - 21002 of 30526

I sent an email to Lloyds Investor Relations this morning, I said that I had noticed that MS had suddenly appeared to have taken the foot of the pedal in 6 of the last 8 trading days of the share buyback with very little volumes being bought for the buyback. I asked if they had given any specific guidance or criteria to MS as to when they should or should not buy shares for the programme, and asked if they could explain the thought process for when to buy or not buy shares during the buyback programme. I have copied the reply I got below, very interesting, all based on algorithms.

"The algorithms that manage the share buyback programme look at a lot of variables, but market volumes and the rolling average share price are the main ones.

The main reason that trading volumes in the last few days have been lower than normal is that the share price is trading above the average of recent periods. We have a share price tracker on the external website and you can run charts to see the performance over the last day, month, year etc. If you look over the last month, below, you can see that the share price since 19 July (the start of your trend below) has been well ahead of the preceding few weeks. In this case, the algorithm will step back from trading.

Clearly if the share price continues to rise, the weighted average price will go up, and then the algorithm will start trading more heavily again.

I should note that when we announced the buyback programmes, the stated intention was to complete by 31 December and we are ahead of target for this point in the year.

I hope that is helpful.

Regards,"

[hardup1] 11/7/2024 16:51

The last 6 trading days (including today) there have been no shares purchased for the buyback. I have not posted updates on the buyback on days where there have been none bought because the figures have not changed. The last day that shares were bought back was the 3rd July. The buyback is run by an algorithm which has some parameters dictated by Lloyds. One of these is that if the share price on any day is more than a defined percentage above the Moving Average price of a set number of preceding days then the algorithm will step back from trading. The last day shares were purchased was the 3rd July, which was the day before the election. There was a large jump in share price on the 4th July onwards which appears has taken the share price above the set level above the Moving Average price resulting in the algorithm stepping back from trading. The algorithm will start trading again if either the share price falls sufficiently to take it below the defined limit above the Moving Average price, or, if the share price does not fall, then the algorithm will start buying again when the Moving Average price catches up with the current share price Once the buybacks start again I will resume posting the buyback updates.

[geckotheglorious] 11/7/2024 16:49

Miliband overrules officials with immediate ban on new North Sea oil


vs

Reports Labour ordered 'immediate North Sea oil ban' a 'fabrication'

[scruff1] 11/7/2024 16:42

Dont worry M2. All the other prisoners are being let out soon so there should be a spare private room for him. Unless the plan is to use the prisons as hotels for you know who when Kneel gives them their amnesty

[mikemichael2] 11/7/2024 16:18

What a nice guy, surely can't be him??

[bargainbob] 11/7/2024 15:56

There looking for the person who started the rumour , John Unwise , never heard of him personally.

[kkclimber56] 11/7/2024 15:52

Turns out report on drilling ban is not true

[kkclimber56] 11/7/2024 15:43

No doubt that shell will now relist in New York and its UK operations will be reduced to a few filling stations.

[thanatos abysss] 11/7/2024 15:13

blame the tories. theyre the reason why we are here. They abandoned the right wing vote

[johnwise] 11/7/2024 14:10

Four Candles..


Ed Miliband just made blunder that'll cost UK billions and trigger tsunami of legal claims

Just four days into the job and new energy secretary Ed Miliband has already made a decision that will cost the nation a fortune and leave us at the mercy of evil foreign dictators.

Miliband has issued an immediate ban on new drilling for oil and gas in the North Sea, overruling his own officials in the process. His grandstanding move will delight party activists and should horrify the rest of us.

It will drive up domestic energy bills and leave us totally exposed to the next energy shock.


Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore

[jordaggy] 11/7/2024 13:59

Sillyband is another WEF puppet.

[thanatos abysss] 11/7/2024 13:57

a bit like us in our disastrous foray into SYME

🤣



Institutional Investments11 Jul '24 - 14:37 - 30514 of 30516
0 0 0
As we can all see, the further they fall, the more they scream 'insane' haha

[vlad the impaler] 11/7/2024 13:50

In technical terms, there is little point in buying back an offload zone. Just handing money over to sellers really

[muckshifter] 11/7/2024 13:45

Hardup last posted his quite useful buy back update on 3rd July, which by an amazing coincidence was the last time Lloyds RNS'd a daily buy back, so perhaps the conjecture about him having sold out is just nonsense.

What I'm curious about is the reason that the buy back has been paused. My understanding of buy back arrangements is that the company sets parameters for buy back conditions and then leaves a broker to implement it. But presumably they can ask the broker to pause at any time. So, has the broker paused because of the parameters being exceeded (unlikely imo), or because Lloyds have requested a pause. If the latter it looks to me like LLOY are expecting the share price to drop after the half year results are published, perhaps because one of the final decisions made for inclusion in those results may well be provisions, ie. are they going to make a substantial provision related to the Black Horse car finance scheme?

Hope not but I notice lots of ambulance chaser companies now offering help to claim against them.

[institutional investments] 11/7/2024 13:37

As we can all see, the further they fall, the more they scream 'insane' haha

[institutional investments] 11/7/2024 13:26

I think though they were classed as insane from 520, so best to ignore now as well, and buy more lol

[institutional investments] 11/7/2024 13:23

i think the lads tried to tell you about Bp for weeks on end. This was latest

[pierre oreilly] 11/7/2024 13:09

Time to sell bp (i've just sold half of mine, thx commie milliband) not lloyds. I'm waiting for nearer the buyback completion for obvious reasons.

Anyone else want to take on hardup's job (he can't be hardup now after his lloyds sale).