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Showing posts from June, 2019

Lloyds Bank magic effect of share buy backs (4.1% growth in profit per share with no extra work)

I've been watching Lloyds Bank for sometime and have owned shares. I think like many it's seen as a barometer for UK plc and if you think Brexit has a negative effect on the economy pre or post the day itself then you probably think the share price will go down, and vice versa. To date it's been a bit of a mixed bag with some very positive news for the economy, but we don't like a good news story, and as there's certainly worse to come the share price has been in the doldrums. Even the government selling its last shares didn't really perk it up that much. And so, with all the share buy backs and stellar results, I've been waiting for an opportunity to buy, probably post Brexit to potentially shave a few pennies off the buy price. I might buy a few before hand as having just worked the numbers they look even better than when I last looked 2-3 years ago. So I've dug out the number of shares over time, and have mapped those approximately onto the stat