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Do people hear long enough knowing what rest book values are. TNAV is just above 50B pound (335p per share). Goodwill is pretty clear 7B pound. What are “other” 14B pound assets are? It runs rather constant based on Barclays release from IR website.
Nearly all US banks PB are running above 1. But Barclays are more measured by TNAV. There are a large discrepancy between TNAV and total book value.
My take is more so on the US and the housing market jayk. I think the exact same mistakes are being made as they were in 2008.
The money printing propping the US up is just getting rediculous, currency’s are becoming worthless imo.
Most brics nations are de dolarising as a total lack of trust in the currency and are moving to gold instead in case of a collapse, hence China buying gold for 17 months straight and continues all time highs for the metal.
I have family in the US and I’ve just got back a few weeks ago,they can spend money, I watch how they pull equity out of their houses so easily and go buy the latest pick ups/boats/ jet skis. They have everything leveraged up to the hills and once it pulls back I think it’s going to be a real mess again.
Admittedly it’s Not as bad here but I see the help to buys and the 5% deposit mortgages etc, it’s only a matter of time until there’s 100% mortgages creeping in,There’s absolutely no room for pull backs again.
Just my opinion, i remember saying this over a year ago when it was last at £2 and everyone was saying this was a new breakout then, i bottled it and closed my short at a tiny profit and watched it plummet to my £1.50 target! Typical!
This looks more like a rerate than a spike to me
@Rookie, interesting to see how our long term views are completely different, I'm positive over the next 2 years. We can speak about it at the end of the year or next, or I might cry if my account balance is zero :D
Afternoon Mr Wolf - Most nights the little ones sleep 12hrs, this week has been tough with both getting bugs, we do have black outs for the kids, certianly does the trip with it still being day light at 7pm bed time "Daddy its not dark yet, I don't want to go to bed" :D
It seems that there is no time for anything and generally my mind is not right to be day trading again, even though I went with the long on the breakout. I will see how todays candle closes and likely exit that trade, I don't like todays rejection candle. I am still long for investment purposes. Its funny how differently we look at things on different time horizons.
I have managed to get out on track after 4 years in the car, twice now and its definitely a nice break (day out) away from a hectic life, not in a race car now but still, its great fun!
https://youtu.be/uIR1T9ziQzs?feature=shared - Chasing a friends GT3 RS, well trying too :D
Mr wolf great post, thanks for sharing.
I’m short from 203 jayk, I thought it was really turning last week but I was wrong.
Long term I still have a negative outlook on the whole situation personally and I won’t sweat being in the red just yet.
GLA
I think the sentiment changed from negative to positive on FTSE 100 stock and on Barclays so unless there is a Barc specific bad news, this will run to higher highs. Tomorrow BoE rate decision and hint on rate cut would boost FTSE but a rate cut is bad for banks as they lose income from loan interest? Thing is majority have tied to new higher rates already for next 2yrs so even if there is a rate cut, it only impacts the banks after 2yrs?
With £10bn buybacks to continue, I think any dips will be bought easily so shorting now may not be a good idea now IMO
@ JayK - Hi chap, trust the new recruits letting you and Mrs K get a better nights sleep now .
Speaking from experience blackout blinds are a must .
Best of luck with the 203 looks good for your T.
See you had posted so logged back in to wish you well chap.
IM off for a crayfish salad as the Yanks start stirring soon and I value their input (well, Mrs Wolf does as she like to exit Aldi with a full trolley ) and im sure shes planning another trip up the Grand Union lol.
Anyhow, be lucky
W'
@Rookie, good luck to you mate. What5's your entry? Tbh I would of closed a short on the breakout of the flag at circa 204/205. I went long at 203.5, a bit earlier but had a close stop. My target for the trade is 214. Still invested long but after chatting on here and having a look I decided to enter. Hopefully get back to it a bit more when I have some time.
@Bloomers_Blower, I echo Mr Wolf's comments, hope all goes well.
Well the sun is shining, Barc is blue, no much to complain about today! - Have a good day all.
@ Bloomers_Blower - Sorry to hear about your daughter, sincerely, hope she makes a full recovery.
Right from the start the whole entire Covid episode was handled wrong.
Gates, OBumma they all knew the risk from them / their labs.
Hence they funded such labs on China and Eastern Ukraine soil.
Boris and his mob just see it as an opportunity to divert public money into their friends pockets !
Wealth funds changed position and swapped into pharma within weeks .
Whilst I will say this as it disgusts me and its factual, the media / uk media. Did nothing but scare monger and harras, literally ostracized any member of the public that didn't feel safe taking the vaccine.
While those in number 10 all knew the real data and statistics, were all having regular parties and social gatherings.
True leaders should stand alongside the laws they set.
Few people need to research ole Jack Straw and I do not mean the former secretary of state lol.
Very poor show this country has become, know for a fact my grandfather didn't march (wounded) from the Somme then down to Egypt (K.I.A) for this !
Regards W'
@ Rookie1 - Just out of interest, are you hedging or literally shorting here ?
Yes we are due a retrace, first breath (gasp) was taken over the T bond jitters, quickly settled though.
Barcs AGM is up in Ajoks' manner ( Hi Ajok, if you still have skin in Barcs chap) be interesting to hear them crowing about being in +£2 territory once again.
Did have a nice little earner (order from end of April) triggered this morning S@213 and closed @ 210
Just reset back at 213.
Staggered a few up towards 228.
If you recall I did mention on the 30th ...."Without one stating the obvious (hence I've not bothered to log in and post) the key area is 213 - 228, once we put that aside its back to taking candy off the the baby".
Incidentally that FTSE short landed smack on T the following session too.
Just like to see Barcs test slightly below 2.00 again before (195) though as everyone is aware of, it is muddy water trying to gage within 5 pips whilst buy backs are filtering in.
Either way, good luck, though I would be very cautious when we chip through 228 atm
Regards W'
Brave to short from here but best of luck. I simply shifted my holdings to emerging markets fund. I'll see how that goes. Daughter is thankfully doing well now and hopefully no permanent damage to her heart.
@ Boonie - Totally, never pay the slightest bit of attention to them "Fools"
My heart goes out to you bloomers, I’m sure she will be just fine but it’s always good to make others aware that the ‘ $cience’ and media is is literally bought and paid for by the same lunatics pushing the crap.
Anyway back to Barcs.
Good call in the charts jayk. My shorts are in the red but I will keep adding!
Article from motley fool, take with a pinch of salt
Getting back to barc I'm really annoyed I sold half my holding on Friday. So seeing the rise since whilst sweet leaves a sour taste.
Jimmy Carr is a complete establishment lacky and not even slightly funny. By this reckoning we should shut the country down every winter for flu season. Life is 100% fatal but not all ppl their live at all.
'The whole COVID scam was obvious'
As Jimmy Carr commented -
Jimmy Carr: “Do you think we overreacted to COVID-19?”
Crowd: “YES!”
Jimmy Carr: “Yeah, A lot of the survivors think so”
Is the MRNA board for BARC board..
On Barclays, which I have held 11500 since 2009, I’m feeling now is time to move profits to HSBC;
At current SP 209p, it trqdes on 8.2 times earnings, which is no longer ‘cheap’ in historical terms I believe.
What’s more, its dividend yield of 3.8% a year is now below the 4% yearly cash yield from the wider FTSE 100.
In other words, I don’t regard this stock as crazily cheap any longer.
Then again, I have no idea what might happen to the Barclays share price in the short term. It might keep rising, or reverse — any compelling arguement?
I expect earnings to fall in 2024, due to weak credit growth and rising bad debts on credit cards / loans, and sorry to say rising inflation end of year into 2025.
I’m happy with GS & HSBC banks I have.
There are lots better out there…
Rookie you are preaching to the converted, my daughter took the vaccine against my advice, in order to travel to the USA. She got tachycardia and was placed on beta blockers. I am furious such a dangerous product was rolled out. The whole COVID scam was obvious to anyone who looked at the diamond princess data in March 2020, no one under 70 died and the implied mortality rate was 0.2% equal to a very severe flu.
I wasn’t going to post anymore because I suppose it’s not the place for it.
But the covid vaccine isn’t actually a vaccine, if you had done your research you would have learned that it’s a ‘gene therapy’ which means it acts in a completely different way to vaccines that have been used throughout history.
Obviously MSM flagged that as a conspiracy theory when it was rolled out but have quietly admitted it was true since.
There has not been any such thing as ‘dangerous anti vax conspiracy’s’ since covid because all those theory’s have actually been proven fact and I’ve never met anyone regret not taking it. I have met plenty who regret taking it and felt completely duped and lied to.
As for the social media sites, they actually censored and removed all doctors trying to speak about their findings so no, quite the opposite of what you state.
DR Robert malone went from co inventor of the MRNA technology to ‘crazy anti vax conspiracy theorist’ over night when he decided to speak out about what he was finding.
'The vaccines being extremely dangerous for your health was all conspiracy theory 2 years ago if you lap up msm propaganda.'
================
Except it wasn't the MSM who were putting out dangerous anti-vaccine conspiracy theories. That was mainly down to social media sites, like Twitter, Youtube, etc.
'Thank god I didn’t take it.'
======================
What? The vaccine or the propaganda surrounding it.
============================================
'Vaccines are not for your health'
============================
Really? If that were the case, then the drug companies manufacturing them would soon lose out hugely financially if their vaccines did not benefit society in the way they were intended to. Think of the cost of R&D alone that goes into the production of vaccines.
Nice little rise again for BARC today. BARC has boosted my SIPP quite a bit lately and certainly much more than I was getting with my pot being managed by the so called 'professionals'. Nicely over the 200p threshold now and looking forward to it reaching the next level soon. TT
Never forget, Higher prices bring out buyers. Lower prices bring out sellers, size opens eyes. Time kills trades. When they're cryin' you should be buyin'. When they're yellin' you should be sellin'. Takes years for people to learn those basics - if they ever learn them at all.
As per my comments last week about the bull flag forming on the daily chart which is a continuation pattern, looks like its broke out and is continuing. To everyone who is still holding, great stuff, a lot of doom and gloom last week just because it stopped moving up and people started selling. Nothing is for certain, but lets see if we can close above 210 today, its certainly a very strong bull candle today. ATB, have a good week!