Do people believe this could really get towards a £1 price per share. Imo that would surely be bottom and a great buy in point? I just can't see it actually getting that low on branch ratio or profit margin, even taking in the ongoing scandals and forthcoming fines.
"Lastly, its not doom mongering its following whats happening and the results of that in the sp"
Absolutely. Spot on. And to see discussing a fall (potential or otherwise) in SP as 'doom mongering' and to be irritated by it, would suggest an emotional attachment, or, worse, 'loyalty' to a given share. That's madness - and a sure fire way to loose money. It's just cold hard figures and a vehicle to (hopefully) make money from. NOT something warm and cuddly.
By the same token (informed) discussion re an SP going up isn't 'ramping' either.
Of course, some tact (steve!) doesn't go amiss during a drop as there will be unfortunates out there suffering.
Makes for interesting reading, so thought I'd share - The first ever country breakdown of operations (profit, tax and employees basically).
Of course the press will focus on Luxumberg, rather than the fact Barclays is apparently the 4th biggest UK taxpayer (according to PwC).
They spell it out correctly in my opinion - They have an obligation to the country in which they are HQ'd but also an obligation to shareholders to not pay more tax than is owed / due. Personally, looking at this, it seems like they have this balance right.
I see that a poster on this board, namely 'steveaustin333' and his 60p drop point is inciting a great flurry or retorts, some rather aggressive. While I share (in a more moderated and sedate way) some of his reasons, in particular that banks in general face structural challenges, not merely cyclical one, and that the share price will need to find a range at some point to reflect that new reality. On that note, I would not hold here long term because I don't know at this present time what that new banking framework will look like, who will prosper, and who get trapped into a secular decline. This present malaise with its LX dark pool is an awful and destructive distraction for Barclays - no question about that. I would be advising and 'newbie' entering banking stock in general to think carefully before investing here. The institutions can afford to lose money - it is not theirs after all. But retail investors have a different set of criteria to consider.
Luckily the office is still quite quiet otherwise people would have been somewhat annoyed by my hysterical laughter. How big is your short position? I'm sure you'll make millions stone cold steve austin. Bar an act of god or (sorry to be morbid) a disastrous world event, just can't see that happening. If it does though, you'll be rich and I'll come cap in hand, to congratulate you.
Just read that valuewall article. SocGen believe the fine will be $2bn based simply on the fact that is how much the share price has fallen (ie 5%)?!! Is this article for real? In which case SocGen should sack its analysts, what kind of logic is that!
Rant over fo the day...
I hope the price finds support at 200. If it can hold for a few days I'll take a larger long position.
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