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Once more I'm completely bewildered at how pricing is arrived at!
Volume bought 16 million+, volume sold 5 million+. How can price be down???
If we all want to buy a Lexus will the price be reduced???
Can get 5% at Barclays (granted not on much!!)
https://www.which.co.uk/news/article/new-barclays-instant-access-savings-account-tops-5-interest-but-it-comes-with-caveats-a1A627u115jc
I don't see any savings accounts that pay anywhere near 4%.
It could be mentioned in the 17th Nov budget update or any other day or not at all. I would have preferred it to have been said on Oct 31st then move on. However, markets don’t like uncertainty and I can see this continuing to fall in the near future. I’ve sold 2/3 of my holding and I’m not planning on buying it back. The dividend is no better than what can be achieved in a savings account. Good news recently didn’t lift the sp. I think it’s heading to 80 p like it did following the covid news.
Still hold 1/3 of my investment just in case I’m wrong, as I often am.
Yes 130s if Sunac miraculously gets extracted by aliens..
Is there any idea when the windfall tax rise statement will be?
Looking to get back in but waiting for the drop
Whether it makes economic sense or not, there is undoubtedly pressure on Sunak to impose a windfall tax on energy companies and banks. This would see a material drop in share price.
Sentiment in the US has also taken a bash due to slow down and recessionary concerns. There will be carnage over there this afternoon.
Be careful with any long positions. 130 will be tested again.
Hi there Moby77
Very sadly its quite simple, Barclays ended up chasing its tail to provide those sat licking the windows on the gravy train, they decided to employ A.J instead of Jes . . . where a few in the know, watched Mr Supermarket try and re rig Barclays into another Lloyds, which cost us share holders.
In fact with him diluting the sp down in his ridiculous attempt of a R.I (wtf was he thinking) all he achieved was to cause a larger problem, if Jenkins had stayed it is common knowledge we would have had a book value and structure on par with Metro Bank.
Then Jes stepped in and threw approx" the next 24 months income at the IB and a few old school welcome parties.
His gamble paid off (parties didnt) as we all know Barclays was and is the wild card amongst UK retail, due to its structuring.
So from one mind set to another they / we lost just about 4 /5 years, where as if they had given Staley the job the 1st time around, we would most probably have seen some benefit years ago.
Only thing that stopped Jes taking over was the fact that the BoD basically chose the cheaper option back then.
Like they old saying goes "Buy cheap, pay twice"
Common sense tells us, even if you are a habitual gambler consistently betting on either just red or black, eventually the law of averages, your colour will fall in place at some point. (Most ive ever seen was about 14 reds in a row)
Off tangent ,have you ever wondered why the US has two zeros on their tables and we have just the one over here ?
. . . law of averages, in our casinos Mr Wolf always has his drinks bill covered before the pit crew asks him to clear off lol.
Thats how Ive seen our sp this past decade, AJ bet the banks purse and lost, bit like a scalper on a bad day !
Which to the serious money just made Barclays appear fickle and inconsistent.
Jes came along to transform the supermarket outlet that AJ wasted years on and needed funding to do so.
Sadly Jes was too comfortable with ole Jeff, we all know how ended, with the SP getting hit again.
Venkatakrishnan & Higgins, neither deserve to draw a salary after their incompetence both allowed such a simple error, costly error !
What with the conservative party and Barclays , it beggars belief just what these ****s actually do for their money, crikey we all had fabulous CV's back in the day, but really, these fools need to pass lie detectors these days !
It leaves me yet again, like yourself and so many others . . .scratching my head and thinking is there anything that the SP has not already had priced ?
Have investors forgotten the bounce off 50p to mid £3+ without the unforgivable blunders Barclays should looking at £3/ £4 in the front of it, not people blurting pessimistic, glass half cracked prices.
When for fluffs sake will the BoD wake up and realise its the dividend and consecutive stability that makes Barclays attractive, nothing else, the economy will do the hard part.
Regards W'
My sentiments exactly Mr Wolf. I have given up on the frustrations of the share and how it has been manipulated. The profits keep coming even when the market analysts predict doom and gloom. Not sure at what point the institution can prove its future growth. It was said that we only needed to see interest rates rise; but when they do, it's dragged down by the forecast of future debt provision. It's almost as though they are damned if they do and damned if they don't. Fingers crossed for some stability for even a couple of months so we can see the share reach something like its true value.
Good afternoon Mr A
Good post / link, cheers as I didn't see that flag up.
Yes exactly how I see Barclays set up atm, they have and been held back over the past years, speculation, presumptive fines, Ole Ed B lurking in the background, Stavely and her oilie consortium associates (No one likes to be outed in the high courts / publicity for being known as a common brass / introducer) and thats basically her background, most of her introductions were in west end hotel rooms lol.
So my conclusion is it will not be long before the newbie city kids, who think investing pension funds in FANG is the only way forward. will wake up and realise now that the free money tap is getting turned off, they will have to turn to old school investing.
Where at these prices, Barclays will become a creeper share. . . wether or not the skeptics like it or not, it wont be long before they wake up and smell the coffee.
Without irrelevant name dropping Ive had the very same discussion with a very well known B's face in the past, who was very intrigued as to how and why I was building short on Deutsche Bank at the time.
Informing me (Barclays team of anals) were working on DB themselves, more of a concern was the structure of DB's investment strategy, which was very much in line with Barclays format back then.
There was not much difference between the two banks at the time.
The discussion was actually based on us agreeing, that Barclays low share price was in fact, was only and could only be down to institutional sentiment and that Barclays were changing 50% their income structure, un like Deutsche Bank.
Barclays is not a 2 cent Wall Street bank, yet such a proportion of income is generated across the pond, yet the US banks have stonked back since L'Bro's went down.
Whilst the UK based income has been hammered away at in form of ppi, pending SCO investigations, fines and more fines. Yet the kick in the nuts for me was the overselling announcement earlier this year.
Finally all thats behind us and now we have blurts of a global downturn.
Anyone who trades Barclays against other common comparable's, will most probably value the SP as 80p in the 2nd Q of 2023.
Where I strongly believe we will have a steady SP and not see too much damage, if any it will be felt in short bursts.
The true statistics and current sp value, do not add up as fair value as a comparable to other bank shares prints.
Having already had the ar53 kicked this past decade, gravity always wins in the end and we have been upside since post 2008.
Holding through thick and thin ive been lucky enough to see through all this indirect fudge, without sounding like a ramper, Barclays will pick up soon, forget the other background interference, that will sort itself out and before long.
After all does anyone believe we would be sub £2 if not for the last facade.
"The proof is in the pudding" hopefully no more fluff ups as the books are looking good, despite the woes of the next great depressio
A decent write-up here imho, from Richard Hunter at ii, following the Q3 results from Barclays and the markets luke warm shoulder shrug reaction.
Summary:
"The strength of the quarter repairs some of the dents from the year, but the outlook remains inevitably cloudy. The ongoing impacts of inflation, a possible global recession depending largely on the aggression of central bank rate rises and the deterioration of real incomes all have the potential to upset the apple cart further. The US over-issuance debacle could prompt some governance concerns, and the coming months are likely to provide further stern challenges.
The share price has tended to reflect the glass half-empty school of thought, having declined by 25% over the last year, as compared to a dip of just under 4% for the wider FTSE 100. This performance has overlooked the potential which Barclays carries, even though there are fires to be fought in the meantime. However, the general view remains positive, and the recently completed £500 million share buyback and a dividend yield of 4.2% are indicative of a generous shareholder return programme enabled by strong cash generation. As such, the market consensus of the shares as a buy is likely looking through today’s challenges to the potential rewards of tomorrow, with the benefits of diversity overcoming adversity."
Regards, MrA
https://www.ii.co.uk/analysis-commentary/barclays-diversity-gives-bank-resilience-face-adversity-ii525759?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_261022%20(1)&utm_content=newsletter&spMailingID=22357644&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=2095842805&spReportId=MjA5NTg0MjgwNQS2
Good Evening Roofer61,
Yes, the Bank of Georgia Group has had a stonking performance in the last 6-7 months, assuming you had the bravado and/or luck to get anything close to the bottom. I distinctly remember around 7th March (family Birthday) and a couple of weeks after Russia invaded the Ukraine that the share mid-price for this company sunk below £10.00. Now standing at circa £21. Not a shabby return at all.
That said, lots of caveats for an ‘old fashioned’ investor like me including:but not limited to:
a) Spread difference between Buy and Sell Price.
b) Restricted Order Fulfilment on ‘average’ daily volumes being a tiny circa 115,000 per day.
c) A market cap of just over £1bn
Even so, a bloody good return in anyones eyes.
Hope you are keeping well my friend.
Regards, MrA
We all log on to gain others opinions.
Well, sticking a paw in the mud, i'm just waiting for a 3 wave into 143 and im going to be all over this like a 6 month New Zealand lamb, covered in mint sauce.
Always DYOR and GLA
Totally agree, huge implications, just hope the "Hedge hopper" ole Risky stay the poacher and dos not turn into the Game Keeper !
Personally I wouldn't trust Hunt as far as my left foot could kick him, he covertly trashed the NHS.
So who knows, will Risky use his experience to draw back international investment or will he turn out to be another Gerry "Tombstone" Grimstone . . . who promised so much and delivers so little.
The times ive slated the BoD at AGM's and wanted to personalise that useless twat sitting there, clock watching for the luncheon !
Grim e stone was always only on board the gravy trains !
In fact once Risky was appointed chancellor, the whole financials knew he was there to take over Bojo.
Far too obvious in fact, which leads many to have confirmation that the conservatives are seriously divided financially and both ethically.
So its a storm we all have to ride out, politicians wanting to stick their greedy hands into the banking sector, whilst letting Baileys crew (previous and present) rip the back out of us share holders.
Do the sheep not realise, Barclays took all these fines and hits since the banking crash, because they didn't get tax payers help.
Its about time the BoD's grew a pair and made a stand on behalf of us share holders !
Regards W'
Hi Moby
Yeah they could have been far worse lol.
IM looking at the perfect H&S ( 1hour int's) about to drop from today move into 143/142 possibly, then a high chance of T of 170+, once 151 is breached.
Well thats how im seeing the short term.
GLA
Hunts Fiscal statement delayed until 17th November
I have given up thinking that I can predict anything with the markets.
Excellent results and we are down (more so than other banks!)
The results are good, however the sp is down due to the anticipated windfall tax. Once that is known the sp should, theoretically rise.
There is always some bad news thrown in the mix!
Solid set of results announced but we cant just have those!!!!
Anyone else had the same expectation as myself, that following a strong set of results this morning, the share price would at the very least react more positively (to a minimum at least remain green), especially as it beat both expectations and Q3 of last year.
Quite a few banks report better than expected profits today, financials looking very positive.
LONDON — Barclays on Wednesday reported an unexpected rise in third-quarter earnings on the back of strong trading revenues, despite a continued drag from a costly U.S. trading error.
The British lender posted a net profit attributable to shareholders of £1.512 billion ($1.73 billion), above consensus analyst expectations of £1.152 billion and marking an increase from a restated £1.374 billion for the same period last year.
Source CBS News
Surely this will bring confidence to Barclays as a great investment. Year on year profits in these difficult times and a superb third quarter.
Wow, decent set of results.
If deutsche bank set the tune then it will be blue.