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Barclays Share Chat (BARC)



Share Price: 186.20Bid: 186.20Ask: 186.25Change: 0.00 (0.00%)No Movement on Barclays
Spread: 0.05Spread as %: 0.03%Open: 185.25High: 187.30Low: 184.75Yesterday’s Close: 186.20


Share Discussion for Barclays


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Picket
Posts: 1,854
Off Topic
Opinion:No Opinion
Price:184.80
RE: Some thoughts
Fri 06:20
Barbedwirekiss , hopefully it is the 'Donald' as that makes my next investment strategy easy. It's got to be all in on cement companies as this 'Wall' he's going to build should make the Great Wall of China look like a dry stone dyke!! ATB
 
barbedwirekiss
Posts: 1,019
Off Topic
Opinion:No Opinion
Price:184.80
Some thoughts
Thu 23:47
Barcs has been on a good run up since about May 6 with a "kick up" on May 18. I think that a number of things have helped generate some positive sentiment to the investing world mainly:

- Brexit, it seems likely (AKA the bookies reckon) that the UK will stay in the EU
- Greece, the Greeks have been granted the next payment to keep themselves ticking over

I saw today a report that oil has hit $50/barrel (briefly) which may be seen as "good" for the oil companies. I think it's probably also good for banks and money factors as this (potentially) increases the amount of cash that they will be handling and so the amount they pick up in processing charges.

Another point that 'may' have a positive effect is the situation that 'The Donald' has now reached the number of delegates needed to pick up the Republican Party's nomination for the presidential slot. This removes some uncertainty from the US presidential elections, it's either Trump or... whoever the Democrats pick. Personally I think that this means that the Democrats will win the presidential slot. It can't possibly be The Donald, can it?

Whatever is causing this nice uptick in the SP may it continue for a while. Whatever happens I've got my trailing stop set so should be alright whatever happens.

ATB
Picket
Posts: 1,854
Off Topic
Opinion:No Opinion
Price:184.80
Upgrade
Thu 20:36
LONDON (ShareCast) - (ShareCast News) - Exane BNP Paribas upgraded Barclays (LSE: BARC.L - news) to 'outperform' from 'neutral' and lifted the price target 19% to 220p, having already upped the stock two weeks ago, saying things were looking brighter and the fog is lifting. Exane said Barclays' decision to cut the dividend and sell the African operations - announced in February - largely addresses the equity issue and gives more flexibility to improve efficiency in its capital base.
In addition, it said the earnings uplift as securities are extinguished is no longer a distant prospect.
"Our latest work increases our confidence in the longer term return potential of the group. We still see challenges to underlying profit progression and believe consensus might be too optimistic here, but the tailwinds from redemptions of capital securities provides a substantial offset," Exane said.
Exane said it is now confident Barclays can boost earnings by about 20% and improve return on tangible equity by up to 2 percentage points over the next few years through debt restructuring alone.
It (Other OTC: ITGL - news) reckons much of this can be achieved by 2019 and said neither it nor consensus has this in the numbers.
Exane said the investment case for Barclays is building and the stock offers a total shareholder return of 23% over the next year.
jackdawsson
Posts: 2,217
Observation
Opinion:No Opinion
Price:184.80
Bertram - thanks!
Thu 18:12
Bert, Comments appreciated. I remain confident of exiting all at profit eventually, just unsure when. A hard call. Academic even trying to call it beyond saying, probably 2017 for my last lot.

Re this rally: beyond what we know being priced in, ie. most polls predicting Brexit loss, Fed rate hike likely in June & commodities recovering a bit, I've my doubts. Seems mostly sentiment-driven. Some Western indices looking distinctly toppy.

DOW saw all-time closing high of 18,312+ May last year, but that was during heady times of QE stimulus. It won’t take much for DOW to go closer to re-testing those highs. It can easily see 200+ pts on a VG day.

Yet some global macro-factors remain bearish: Asian economic woes with no quick fix, mounting debt levels, generally poor Q1 results, etc. &, that's without known problems for banking sector, for eg. more litigation.

Overall, IMO, this bull run seems unlikely to last long. Naturally, hope I’m wrong as little would please me more than seeing higher still & reaching my next target, circa 230+, sooner than later. :o)

All the best! - Catch you & all later.
bertram
Posts: 1,191
Observation
Opinion:No Opinion
Price:184.80
Jack
Thu 17:30
Always good to read your thoughts. I to noted the 50% drop in divi without the corresponding drop in bonus quite a while back and echoed your words. "We have to keep the best people" the board say, hmm I think, best at what? Not producing a divi that's for sure.
I do not know what has caused recent rise, something may come out soon or like you say it might be a suckers rally.
The fall from £2.80 did not give a reason until much later on after new CEO kitchen sinked us.
GL with your last tranches, I know you will do OK, best regards TTFN.
jackdawsson
Posts: 2,217
Observation
Opinion:No Opinion
Price:184.45
Bertram
Thu 14:57
Hi Bert, I hope you're well & thanks for posting. Genuinely glad for you seeing an okay resolution here. I always say, best follow your own deductions & if satisfied with closing any position at profit, then well done. Market always provides decent opps elsewhere for the patient.

IMO, this market is wholly irrational. Many stocks can soon get oversold & overbought. With thinner volumes over summer, we can expect greater volatility. We could be higher in next few days & still be filling a price gap at 155 here before summer's over. That's how unpredictable things seem.

This could also be a so-called "suckers rally".

I won't repeat my recent posts, but today I sold the 3rd of 5 BARC tranches originally held, all at profit + 3.5 divis on top. I look forward to the day I can sell the remaining 2 at gain.

As mentioned a few weeks ago, had I a strong inkling that divis would be cut by 50%+ for 2 years, whilst their bonus pool was virtually intact (the stated 10% cut is meaningless in view of all the job cuts on the IB side), I'd never have touched this. Big error, but now my exposure has been cut massively, I feel more comfortable about riding the rest out.

Also hold HSBA, but at least that pays me an excellent 7%+ divi for my paper loss.

Have plenty of spare cash, but I don't mind sitting on it a while longer. Will keep an eye on BP, et al, but also watching a few miners & LLOY's on any retreat before 23 June. Don't rule out buying more HSBC, but no rushed decisions.

All the best as usual! Keep in touch.
bertram
Posts: 1,191
Observation
Opinion:No Opinion
Price:184.85
JD
Thu 14:40
Got out of barc,s this morning ahead by the skin of my teeth. Don`t sell at a loss. However I am now done with banks, the greed of the board, same lame excuses and general abysmal performance has cured me ...again.
Going to watch BP for a while, paying a reasonable divi. GL if you are holding and GL to all barc sufferers.
Mems27
Posts: 2
Off Topic
Opinion:No Opinion
Price:184.60
Hey
Thu 14:21
I am not sure about selling my Barclays or not so what you guys think about that ?
Mems27
Posts: 2
Off Topic
Opinion:No Opinion
Price:184.40
Hey guys
Thu 14:19
What you guys thinks for tomorrow will Barclays hit 190 ??? Thanks
M1k3y
Posts: 941
Answer
Opinion:Hold
Price:184.55
Spanish Banks
Thu 11:28
Thanks Picket.




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