.............lack of real movement today a trifle worrying (in terms of any positive move for the sp). I've closed my two longs and banked the profit. If it 'flies' tomorrow so be it. I can always jump in and would rather be left out thinking "bother" than be in thinking "bxggxer, bxggcxr" if it drops. If it drops I'll certainly be shorting again. Don't like the vibes but it's just a 'feeling in my water' nothing more. In any case, lack of crystal ball means opening a trade now would be a pure punt.
My biggest holding is barc, after selling iag at £4 almost a year ago, but got them at the higher end of 280p
I think what market/investors are concerned about is the litigations and further provisions. I think we all know profit should be better.........so wont be too surprised if adjusted profit is up.... But what will they say about the current litigation? Fingers crossed
is not valid. RBS consolidated their shares 10 to1 after the bail out which means the RBS price is 35 pence in old money. Barc have had no consolidation. I do share your belief that Barc is a much stronger share & have put my money in my mouth. I think the results will disappoint - reduced activity in investment banking, some loss of customers, ongoing litigation, heavy restructuring costs. The savings of the redundancies will.not come thru for some months nor will the sale of Spanish, Portugese & index businesses. One positive surprise may come if AJ reduces provision of bad debt based on an upturn in the UK economy which is what RBS did & it has an instant positive impact on the bottom line. However, I might be wrong... GLA
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