Noted BWK. But whether a long hold or a trade the general direction recently has been North until this last week or so when everyone has suffered. I agree with you though - I am not sure how much management is bothering with improving shareholder value at the moment and thus the trading mentality is likely to prevail over the investment case. Not this board I know but went to dip my toes in Glencore at 140 but read someone on their board complaining at midday that it was a pig and behind the FTSE and other miners - stuck in the mud. Like the Barclays board of old. So on second thoughts cancelled the order when it was down to 140.10. Then it bl@@dy goes North! Still might have a sniff if comes off tomorrow. But that one is a long haul for sure!
I would just like to say well done for your spin on Barcs, I think you've hit the nail on the head with your interpretation of the senior management and how the SP moves like a yoyo. I've been waiting now for a few years to see Barc get back at the levels of £3+ but personally don't believe its going to happen for some time. Regards poorperson PS I am in profit though...
Any bets on Hester for the new Job , now that the offer from Zurich appears to have been accepted. Understand that it is not a done deal yet but must put him in the frame ?
RE: The long haul back
Following comment is NOT meant to be targetted at you fellah. > Hopefully the long haul back begins A definition of madness is doing the same thing over and over and expecting a different result each time! :) Barcs gave up its status as a "solid longterm hold" investment stock. It became a "trader's share" around the time that Barcs took the Arab money to survive back during the credit crunch. As such I doubt that Barcs SP will show any proper trend or stability for a long time to come. There are various things that could be done or could happen to make them "solidly investable" again, such as a decent dividend (yes, that old can again!). Barcs is a money making behemoth, but there's all the stupid legal cases and exposure levels and the such to contend with. Until Barcs shows a good solid foundation for investors to build on it'll be a trader's share. As for what value the SP is at any time I seriously doubt that Barcs higher management really give a hoot to that. They've got the money in the bank and are using it to leverage whatever deals they can to make more profit. The SP at any one time means nothing as it can change quite dramatically as we've seen in the past. As an investor either choose to trade the hell out of the swells and dips in the SP or make a longterm trade, stick it in the bottom drawer and maybe look at it once a week. GLA
not my day.
of course it was BP. Thanks for pointing out my stupid mistake. Only excuse have just bought some RDSB shares this morning, so they were in my mind.
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