My investment is based on VALUATION.Perhaps if you read what is said before you post you wouldn't need to ask the question.Im not really inclined to debate with you as I find you rude and ignorant.I have not forgotten your nasty post to an ex Barclay employee who was giving a valuable inside view,a view you didn't want to hear.
My view is that Q1 we will see a change in sentiment in the banking sector which IMO has the signs of already starting and hope to see 270ish then. I see the banking sector outperforming the Footsie (my guess 6900-7000 EOY) over the next year playing catch up. £3....Q3/Q4 next year?. Obviously those who sell at this level disagree or need the money so it's only the view backing my position.....I have been wrong before!!
Previously Antony was Chief Executive of Barclaysâ€™ Retail and Business Banking business. He has been a member of the Group Executive Committee since 2009.
Antony started his career at Barclays, where he completed the Barclaysâ€™ Management Development Programme, before going on to hold various roles in retail and corporate banking. He then moved to Citigroup, working in both London and New York, before rejoining Barclays as Chief Executive of Barclaycard.
Antony has represented Barclays as a non-executive Director on the Board of Absa (now Barclays Africa Group). He was also on the Board of Visa Europe Ltd and the Board of Motability Operations Group plc. Since becoming Group Chief Executive, Antony has taken the lead in the development of Barclaysâ€™ Transform programme, including the introduction of a new purpose and values, with the aim of making Barclays the â€˜Go-Toâ€™ Bank for customers and clients.
How can you invest 10k if you don't believe in the vision of the CEO seems strange to me ! :)
I understand your sentiment but feel we have turned the corner as obviously you do as you are invested. It's been payback time for the banks and quite rightly so but I see the light at the end of the tunnel. The scandals had to come out bit by bit because the banks couldn't have paid out all in one go. I was expecting the IRS and FX but I now have difficulty seeing where the next scandal could come from. I don't suggest no risk as rogue traders can appear from nowhere but I understand the difference of opinion and I don't see any bank as low risk.....just crossing my fingers and waiting....
I understand the varied opinions on Jenkins in my opinion for what it's worth Jenkins inherited a total shambles from uncle Bob and his cronies !! Just like George Osborn inherited a total shambles of the Labour Mob. Jenkins had some seriously difficult decisions to make and to wheedle out the bad apples and control costs being just two of them. Costs are now well under control, the bad apples have long departed and none core business being sold Barclays are now concentrating on what they do best and not trying to do everything . Barclays have turned the corner and profits will grow substantially in the next six months. As I have stated on many occasions I am confident the dark pool will amount to anything the current SP is a give away I am at 80,000 and will continue spending my dividend on more shares . Stay strong be patient and enjoy it all the more when the SP goes North.
I think the view on Jenkins is very mixed within Barclays.He made saff sign a new integrity contract while at the same time some less than savoury sales practices continued.Yes he inherited most of the scandals but not all .On a business level I think his move away from investment banking to retail banking is going too far .Retail banking is a very crowded market.I could go on,essentially I think he is a man promoted way above his ability. he will cut costs and sell assets to mask reality ,this combined with a bombed out SP which is well below NAV,will give the SP a lift, I can see Barclays reaching £ 3 at some point in the next couple of years but I don't see what would take it further than that.I would be more than happy to be wrong, time will tell.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.