Almost eight years after snapping up assets from a bankrupt Lehman Brothers, there's another windfall for Barclays. The UK bank said that it will record a pre-tax gain of $750m in its half-year results following the resolution of a longstanding legal battle with trustees of the Lehman estate. Barclays added that the settlement requires approval of the bankruptcy court in the US.
Hi wishing you a good weekend also looks like the weather is going to be kind. I am invested in Dignity and have been for 7 years and made a very nice amount still hold 2,000 shares which to all intents are free even after making the amount I made. I invested in BP £4.05 and again at £4.20 sold majority at £2.65 and I am looking to get back into BP. The guy who advises me on the market told me to fill my boots on Sierius Minnerals at £0.07 they are now over £0.20 he is convinced this SP will go into the ££££ Be Lucky Keep Smilling
Very well Alan, and thanks for your reply. There were a few body blows that caused the heavy declines during 2014 not least the FX saga (and the New York licence link); then the Dark Pool fraud allegations (almost 12 months ago - doesn't time fly!) and the fact that it is a relatively volatile share so the bad "market red days" as a whole are often worse for Barcs...that said, I do think most things are moving in the right direction and I feel 2015 will be a less painful place for a Barcs shareholder. Hopefully it will be a pleasant experience. That said, it won't be a straightforward ride as the last 2 days have proved already. As a matter of interest are you now invested elsewhere or sitting in cash for the time being? ATB, and have a good weekend. Scfc
Hi Hope your keeping well and many thanks for your post as you know I am not currently invested at Barclays but watch the SP with interest after enduring a punishing 18 months seeing my initial investment £2.77044 reduce to £2.02 .it was always one step forward and two back I had to do my brains in buying , buying to reduce my average eventually bailing last results day at just shy of £2.60 which gave me a good profit . I was always mystified watching RBS and Barclays as I said Barclays one forward two back RBS seemed to maintain any gains . Wishing all investors the very best of luck Keep Smilling
Hi Alan, I have seen you make this type of comparative post on Barcs-v-RBS before and I would agree that of the 2 banks, Barcs (IMO) is the most investable of the 2 for some of the reasons you make. However by simply saying you don't understand why TODAY RBS is up and Barclays is down misses some key points. Since the turn of the year, for example, Barcs' SP has risen by just under 10% whereas RBS has fallen by c10% from when it was in the 390s. Further Barcs is actually valued (by market cap) some circa £5bn more than RBS...the fact that it's SP is greater than BARCS simply means it has fewer shares in issue...so I am agreeing with your sentiments but think you may have misunderstood their relative values and importantly one day's trading should never be used to judge a companies relative merits. ATB - I hope you're still enjoying your new Audi! :-)
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.