We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times.
Qube’s short wager comes despite a recent uptick in the bank’s stock price after Chief Executive CS Venkatakrishnan unveiled a turnaround plan aimed at reviving the lender’s fortunes, and suggests that Qube, or its algorithms, believe the rally will be temporary.
Venkatakrishnan, who has been under pressure to boost Barclays’s stock market valuation to bring it more inline with its European and US peers, pledged on 20 February to return at least £10bn to shareholders over three years, cut costs and lift annual revenues to £30bn by 2026.
Shares have since surged by 20% to 177.5p, the stock’s highest level in a year.
The report cites regulatory fillings as revealing that Qube has been increasing its short wager against Barclays during the course of the share price rally, after reaching the 0.5% threshold that triggers disclosure of short bets to City watchdog, the Financial Conduct Authority (FCA), on 27 February.
The report also quotes a Qube spokesman in saying that the company’s trading did not reflect a “fundamental view on any individual name” and that the firm had “no specific view on Barclays”.
This will run out of steam I believe when the buy back ends, they have bought back about 55 million now so a fair way to go yet me thinks
In The Times yesterday
https://www.thetimes.co.uk/article/hedge-fund-builds-barclays-short-position-8hs6svn2m
Don't have access to the full article, only a snippet:
"Hedge fund builds Barclays short position
Qube Research & Technologies has the biggest short position ever disclosed against the bank at 0.73 per cent of share capital.
A top hedge fund has amassed a bet worth almost ÂŁ200 million against shares in Barclays despite a recent rally in the bank's stock price on hopes that the chief executive CS Venkatakrishnan will revive the lender's fortunes.
The short position built by Qube Research & Technologies equates to 0.73 per cent of Barclays's issued share capital and is the biggest ever disclosed against the bank. It suggests that Qube believes the share price rise, fuelled by a turnaround plan set out by the Barclays boss last month, will run out of steam."
Thoughts on this?
The banks are under-appreciated, so my advice is sink some cash in this sucker. Hopefully you won't be disappointed.
To infinity and beyond
I don't use any paid for services but I find Citywire an excellent free resource. Also Proactive Investor and Share Cast can have some pretty good stuff.
Citywire's Investment Trust Insider gives excellent content and with Trusts you'll lose some of the volatility of single shares (although sectors can get a kicking). They also push out single share and funds info. You can always buy ETF alternatives.
I hope you find this useful. Perhaps others can provide wider comment.
If we keep this up, we will hit 190p soon. I have fond memories of the Barclays sheep trying to jump it a couple of years ago.
Hi all, not really about barclays but I'm just after some advice or suggestions.
I've been investing in shares since the start of covid (learning and boring my wife with it) I put the full isa amount in per year nearly losing it all in the process!!!! but finally I'm about even now learning how to properly invest. I was wondering if someone could tell me are the subscriptions for example motley fool, simply wallstreet any good because I struggle to find information on companies to do research, and I like research just to bore the wife!!!!
Thanks
Rats
Not sure if i've read it right, but i read it as new or existing. Reding T&C's, It doesn't need to be a new isa product. Those with existing DD regular payments in place will be auto entered. Just might be worth those that don't do DD regular payments into SI adding one for a few months to be entered into the draw. Can always cancel any DD payment post end of May. Did only quick read through it though.
Only for people who open a new account...not for existing isa accounts
Hi All, observed this board for a good few years. Interested in opinions of those also invested. Just thought i'd make my first post something that may / may not help some on here. Apologies if posted before and i've missed.
For those that use Barclays smart investor, they have a comp running where someone can win 20k and another 20 prizes of ÂŁ500. All you have to do is have a direct debit setup to pay into you smart investor account (don't actually need to invest the funds in anything). DD needs to be in place between 13th Feb and 5th April and remain in place until end of May. Can't be a member of staff though according to T&C's so rules me out. Could still benefit others.
https://www.barclays.co.uk/smart-investor/campaign/fund-your-account/
Good luck to anyone that is entered.
@ JayK / Good morning sir, "to be sure, to be sure" as the saying goes.
In no way did I read it as any other way than it was meant sir.
A very wealthy currency trader once said to me "Never pay any attention to anything anyone posts on them forums!" which was a very true statement.
Only trust the person in the mirror.
Have to say when it comes to Barclays, ole Mr A's just about got it sussed to a T these days.
Barclays isn't rocket science to trade, its more of self control and not suffering from fomo (which we all have at some stage) Barclays is like an oil tanker and takes times to turn, it can take on ballast really fast, though weeks if not months to unload it all.
If venkat and Nige don't show improvement this Q result s we will lag once again.
The optimist in me would love to see a 2 in front once again, though the realist tells me we need to see the proof in the pudding first.
If Hunt thnks allowing another 5k on the ISA brigade is going to launch UK bank shares, quite frankly he's delusional.
Once everyone's topped up their allowance, the divis paid out, the average Joe retailer loses interest.
Which leaves us institutional's and I'm not hearing much confidence until we read the next print.
It will be a different kettle of fish, when rates settle back and the basics start returning decent income.
Though I'm sick of waiting for next years carrots.
Just waiting for the US to start to stir and took a gander on here, you have a great week and be lucky.
Regards W'
The short has now gone up to 0.73%
"Good Morning Mr Wolf"..........Literally what my eldest says to me in the morning these days. Yes all good thanks buddy, hope you had a great weekend. Please don't take my comment as anyway negative to what you say, I don't think you did but just to be sure as said I do value your view and opinions. I may look into them, I may use them or I may disregard them for my own views or "timeline for a trade", and I think you need to be that flexible as there are a billion views and scenarios that can play out in the markets, I think mass information is really what ruins most traders, being lead on and not trusting yourself and getting so confused in a trillion scenarios.
Have a good week.
Cheers,
@ JayK - Hey there, hope all is well and good in your camp chap. Great input below, couldn't have put it better myself.
Firstly, thank you for the "human" clarification lol, someone didi ask if I was a Ai Bot a while back, did make me chuckle.
Least my trade performance impressed someone enough to question the fact if I had fur.
As you know from my contributions, one tries to share the "non obvious" and I know from few heavy hitters around me, what mine and their concerns are. Be it that week or month, some trying to set up the next Q's even.
At the end of the day "it gets dark " and we're all in vested in this one thing and it aint charity or wasting / paying Hunt more stamp duty.
Wishing you and others a wonderful weekend, away now myself.
Regards W'
I always thought it was tracked via National Insurance number and picked up that way. So multiple across different banks would be spotted.
I went over my isa limit by 500 and it was picked up within 2 months
Staff Sharesave always matures in November. So that Q will see an increase (although they have 6 months to excercise most will do on maturity)
Il be selling up here at 190-200 , quicker than you can say jack flash
Thanks for the advice JayK, I think I was clear in the message that I went my own way regardless! And it was more of the underlying research / facts that Mr Wolf was surfacing rather than his own words. Your advice is spot on though and hopefully help others make sound decisions. I hope we can continue this rally and those that have been holding for so long finally see some results. A rate cut and more positive news from the US can help us move this forward to fair value
As banks don't speak to one another and cant disclose information regarding any of their clients, there is nothing stopping someone opening multiple ISAs in the same year and storing ÂŁ19,000 in each so not to max out the allowance in one unit.
HMRC may catch up with them in 5 years and they have a back log longer than the UK benefit line.
Stupid idea in my opinion
Fusion98
The Government are conducting a consultation with all interested parties prior to rolling out the new UK ISA.
Here is a link to the consultation document and ANYONE can take part in the consultation. There are 15 questions in the consultation. There is an email address in the document for people to send their responses to this consultation.
Responses to this consultation should be sent to HM Treasury by 6th June 2024.
https://assets.publishing.service.gov.uk/media/65e734d62f2b3bd5107cd8c5/UK_ISA_Consultation.pdf
Ref JayK message.
....just about the most intelligent, helpful and gentlemanly post I have seen in a long time!
Not only do we have different ideas we have different needs. In my case, if all goes well in life, I will not need to take my BARC investment out for 5 years. So I am taking the view, they are undervalued, low risk and give a good dividend. But that is a unique set of circumstances that leads me to that decision.
Also enjoying the more positive sentiment about these shares :D
@Liquidator - Always go with your own GUT, not someone else's. Mr Wolf is human and can get it wrong like anyone, relying on someone else on a chat room is no way to make your own decisions and be held accountable for your own actions. If YOU think you should be out then be out, set a stop loss on your trade at least. I said this is long a when the results came out and stand buy it with my own hard earned cash, lots of it. However I do also value Mr Wolf's input, but never let what anyone else says over ride my decision and what I think and see. The UK economy needs growth, is it coming, I think so, lower interest rates the market likes, are they coming, I think so. Barclays have a plan for once, will it work, who knows but we can wait and see. Good luck!
Hope everyone else is good, its nice to see a change of moods in here from the doom and gloom, for how long, who knows :D ATB.
I would sell at 190 but otherwise holding for divis. I wouldn’t reinvest my divi at this price tho