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Me too !
Just received!
Received mine today, held in isa as cash. Not reinvesting at this price
Hello, supposed today is div payment day! So when will see the money to our broker? (HL is mine)
Thanks
Yes total buyback is £1bn
Lloyds has massive exposure to car finance.
Barclays was always been a very small player in the car finance game.
If you are nervous about the car finance issue then go with your gut feelings. The problem is the temptation to look at overall levels of car financing and then assume that all or most of it will give ground for redress. I would guess that a lot of car buyers were not affected as they would have looked around for the best deals. I think the administrative costs for the banks could be very high as the claims management companies will go into overdrive to start with but personally, I would be staggered if this is anything remotely approaching PPI and doubt it will stop Lloyds returning large amounts to shareholders. In the end though, you have to go with your own feelings. Although bank shares have rallied a bit, they are still low by reference to historic norms which may give a little protection as well. I suspect the economic picture will be more important to Lloyds' prospects than the car finance.
I am no expert but if you are concerned by their exposure to the car finance issue then I suspect the brokers, traders and pensions schemes....... have considered this some time ago and the risk is built in to the price
Good afternoon all. I am currently invested in lloy. However, I'm slightly jittery about their exposure to car finance despite recent good performance. My thinking is that both lloy and barc banks have performed well over last 6 months but barc has lower risk so I'm considering a switch. As seasoned barc investors, does this seem like common sense to you? Thank you in advance for any advice.
So far £192 million of shares purchased.
Am I right in thinking the total size of the buy back is £1 billion?
Since they are re-structuring the business less weight on investment banking, IMHO share price recovery is in play. Returning 10bn to shareholders by 2026 is enticing.
I think anything above 200p is a good first step. BARC has been undervalued for ages.
One stock that might be an intriguing choice for investors right now is Barclays PLC BCS. This is because this security in the Banks - Foreign space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - Foreign space as it currently has a Zacks Industry Rank of 56 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Barclays is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Barclays PLC price-consensus-chart | Barclays PLC Quote
In fact, over the past month, current quarter estimates have risen from 49 cents per share to 54 cents per share, while current year estimates have risen from $1.60 per share to $1.62 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Barclays. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Surely the share plans are linked to the share price. An increase in share price will diminish the impact of issuance of new shares.
They've been cheap as chips for a while.
What’s the community’s take on Barclays’ next 3-month target: around £190, £220, or £150? And what factors are driving this forecast, especially considering the recent share reduction and shorted shares?
BARC total share counts will reduce to Oct 23, 2023 post buy-back level by tomorrow. The damage of employee stock compensation has cost over 1 month buyback to level the hole.
Another note of the shorted shares, using today's price, their paper loss has reached £20M or nearly 10%.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Barclays (BCS), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Barclays currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if BCS is a promising momentum pick, let's examine some Momentum Style elements to see if this financial holding company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For BCS, shares are up 1.9% over the past week while the Zacks Banks - Foreign industry is up 0.13% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.64% compares favorably with the industry's 4.44% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Barclays have increased 18.63% over the past quarter, and have gained 40.75% in the last year. In comparison, the S&P 500 has only moved 10.82% and 32.56%, respectively.
Investors should also take note of BCS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, BCS is averaging 15,577,282 shares for the last 20 days.
Earnings Outlook
Wasn’t a bad period to be doing the buy backs. Share price has been shocking ever since 2021
I think it really shows how much sentiment matters on share valuations. Every calculus shows Barclays are undervalued.
But, the truth is, they keep on disappointing, regulatory failures, soft financial performance and a disconnect of strategy.
I am holding my shares as I do think that two or three solid quarterly results where they show they are executing the strategy and they may come off the 'naughty step'.
Interesting that I looked at this today.
Barclays commenced buying back shares for the first time since the financial crisis on the 19th March 2021.
As a baseline the share price was £1.8260 and there were 17,365,368,531 shares in circulation valuing the bank at £31,709,162,938.
Today there are 15,105,406,532 shares in circulation. If the bank was to be valued the same as it was on the 19th March 2021 (our baseline) then the share price should be £2.0992.
As it is the market currently values Barclays less at today's value of £27,574,919,624. Interesting that the share price today is £1.8256 (virtually the same as 2021).
But things are looking up. £2 is in sight.
The economy just needs to print good news and numbers UK and US, keep that going and we might get the start of a bull run going, one thing is for sure that predictions for this year look decent, can we finally let go of the bear market, well if we can avoid quick rallies and steep drops then yes, its looking ok so far but things change fast.
Anyways its nice to see, good luck to all holders.
Https://www.ii.co.uk/analysis-commentary/can-barclays-shares-make-move-above-200p-ii531090
Interesting to see if we can breach 200 pence soon...been a long wait...
The branch Stockton on Tees, was knocked down last year, but Barclays opened a new branch in Stockton, not far from the original, all new. So I guess close those not making financial sence and those that do, keep open, in this case new.
I agree with closures where required, as do we really need to visit branch that often now.