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Barclays have the 3rd highest TR-1's issued after Credit suisse and UBS next is VM.
The whole subordinating TR-1's before equity has the market concerned and refininacing these currently will cost alot more. Hence the Barclays price lower than others.
BOE and EU hav clarified that TR-1's will continue to be above ordinary equity so markets should calm down eventually at least regarding this.
Not a screaming buy right now at all, IMO, but certainly no FRC either. Not sure why Lloyds is doing a bit less badly, unless it is the pending ex div, as I mentioned in a previous post. I dislike the essentially pure UK exposure in that one personally, although I would be delighted (and a little surprised) if we bucked the trend, ahead of the dark global times that I see in the short to medium term at least.
Yes my thoughts exactly UBS @+1.96% yet Barclays still in the red.
My only thought is Barclays is holding assets the market doesn't like....beggars belief what that could be.
Warsaw - I agree but even Virgin Money is up 2% today so Barc is really lagging. I assume that's as a result of its history of dropping unpleasant surprises every so often. Absent any of those, this could be a good entry point.
We have the buy back and possibly a flight to safety to factor in.
I can see bank users shifting their savings from smaller potentially riskier banks to the bigger banks which are very well capitalised. Investors complain about Barclay being conservatively run when it comes to paying dividends etc but that might now be seen as a strength. The buy back was I think stalled last year, this year they are getting on with it.
At this price once we get through these issues then the share price should steadily improve. Look at the metrics - Barclays is a screaming buy.
Reducer that's my fear. Will be happy when we get past 31 March and divi paid. Barclays seems to have a more lowly rating than most US regional banks which have already shown extreme vulnerability and have Tier 1 capital of only around 8.5%. A bit odd. I'm hoping, after the way things dived after the last results announcement that the board will manage to be a bit more upbeat when reporting the first quarter.
What’s really annoying about the uk banks/ stock market is the negativity .UBS is back up today now Barclays 2% down it doesn’t make any sense.
@badprophet - so long as they don't do another last minute 'covid' on us and cancel the dividend to protect liquidity and capital. I can't see it happening because if it did, the toys would really come out of the pram.
Oh well - looking forward to the divi at month end. Probably a longish wait to get back in profit.
Central Banks cannot cover all the costs without undertaking the biggest round of QE yet. Which will have consequences for inflation that in the West we have only read about happening in other places. None of which could be described as either prosperous or particularly safe places. As far as banks go, I feel relatively comfortable in BARC (but not sufficiently to have anything more than a tiny holding right now). I am watching JPM too, which I will likely take a nibble if/when that one hits 100 dollars. Then a slightly bigger amount if we see 50. That would only happen IMO if the wheels properly fall off. I do not rule it out personally, but it also shows that I think, over the longer term, it would come back. Certainly to a sufficient degree to make such purchases profitable at some point.
Some further banks though are toast in the next 6-12 months IMO. If this is merely a short term blip, then hopefully my BARC will see me in profit sooner. Hence not sitting it out completely. GLA.
In my opinion any good news at the moment has no effect but a tiny bit of bad news does.
I am waiting for 125p ish before nibbling a few more. IMO there is no need to rush to buy banks today. I also do not see them making a rapid ascent when things turn around (as sooner or later they probably will). But I could be wrong. I usually am :)
another 60k shares sub 130
It’s simple don’t sell .
…I am of course referring to the Credit Suisse Bonds.
Dow Jones Futures currently looking circa -300 to the downside. I’d be surprised to see the stock finish above 130p today.
Regards, MrA
Newdealz, no such thing as a bad profit my friend. I’d be shocked to see us get to a £1… that with the caveat that there are no other Banks in ‘liquidity trouble’. Confidence in the whole sector has been rocked, as already mentioned, even more so if you are an institution and your purchased bond with capital and interest has effectively been ripped up, meaning you have lost the lot. No surprise that the sector is taking another kicking then really? I read somewhere over the weekend that confidence is slow to build and quick to shatter. Ain’t that the truth.
Good Luck My Friend, Regards, MrA
suspect barc needs another haircut!
@MrA - yes i took my small holding off the table with very small profit Friday, waiting it out now, will we see the £1 party before the end of the month? Possibly.... good news is that oil is dropping which is a good indicator re inflation so im thinking fed might ease a 0.25, BOE likewise, jobless claims Thursday also one to watch.
People making a real killing shorting the banks. So corrupt.
Can see a bounce back up at 1.28
…and indications it could go lower. I’m still looking to ‘load up’ but not until s9me stability is seen or I think we are close to the bottom. US and UK Base Rate decisions will have a part to play over the next few days.
Good Luck All, Regards MrA
Picked up a small amount at 1.31, looks like it'll go lower?
GLA
Rather large spread . . .
On the face of it, the takeover of Credit Suisse appears to be a good investment for both UBS & it's shareholders and ought to steady the nerves of the global financial market during today's trading session. The flip side of the coin will be a lack of confidence still so while I, for one think & hope for a beginning of a BARC recovery, anything can happen as we all know. Not long now to wait for the opening bell. On a more positive note, I see Motley have said they wouldn't touch us... this invariably means the SP will rise then!
Anyone expecting 10% fall today?
Hard to believe w could be in the 120s by the end of today. By the end of the week?????