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https://www.ii.co.uk/analysis-commentary/are-barclays-shares-safe-above-uptrend-ii526127
'By a spiteful 0.22p, the price did exceed our initial target, creating a situation where above 160.22p should provoke an initial 169p with our longer term secondary, should this level be exceeded, now calculating at 187p'.
Morning Razzledaz . . . thats just my point, John, never did make that statement.
It was taken from part of a speech in the town hall meeting, staff not public that evening.
Where a member of staff thought it was clever to mis quote to the press associate at the time.
John was not in favour with some of his adjustments as chair, same as Jez falling for "M's) practical joke referencing the John 2 Newbie's GMAIL prank.
As you quite rightly point out "3 yrs not 1" as I know full well, that John never actually made that statement, it bares no need to be quoted, from a 3rd party staff member that mis quoted it in the 1st place, surely ?
P.S - Do hope you are building up a nice holding / position here atm and if I may be so bold as to quote a well known (non disputed) proverb "Make hay, while the sun shines"
Unless others feel our SP is going south, not north over the next 12 months / 3 years - gla
Regards W'
John Mac just said the share price would double it at the wrong time. If he had said it in April 2020 he would have been spot on. Mistimed not incorrect!! :) :)
PS - I thouhgt he said it would double in 3 years.
Hi there
Not sure how well you gaged Barcs back then, though A.J nealry buried the bank before Jes.
Jes should have been in there before AJ but the offer / position never got secure, sadly.
When our Mr Staley did finally take up the seat, he did what he knew best, which was throw money at the IB.
Something I did question at the time and the effect it had on the kitty, reflecting on a good moan about the dividend too.
You may or may not have inside knowledge of the Banks workings, though I graciously rejected a position when Jes asked me in person to join his team.
Like you and many others quote John for "promising to double the share price" well may I be so forward as assist you in what really was said.
In the town hall (staff only) John proudly announced that he "See no reason as to why the share price, could not be doubled, with the next 12 months" this was in fact leaked to the media, by a member of staff and mis quoted.
John had an sincerely felt the fundamentals in place at that time, would have seen the sp gain strength.
Even I believed it would of and had the potential if not for the sentiment headwind.
If you do not feel this to be the truth behind what was actually quoted, email The Westpac, FAO of his PA , John's a really sincere, decent bloke, he's always made time for my family when we crossed paths.
In fact he is probably the best person ever to walk through them doors at Churchill Place.
Well, thats just me sharing my opinion, maybe you know something I wasn't privy too, if it wasn't for ole Jeff being a wrong en, Jes would still be in the seat and doing a damn good job !
Without going into war an peace lol
I bid you good evening as I must dash.
Regards W'
"Jes and John "Mac The Knife" both knew full well what the crowd wanted, they actually did start to implement it too.
If Jes was still in the seat im certain we would not be looking at such a poor reinstated divi and p*** poor S.P atm !"
@Mr Wolf - These two were the ones that cut the dividend in the first place at the same time promising to double the share price. Instead the shareprice halved and the dividend never recovered.
Morning M1k3y
Since post crash and the fiasco RI with Jenkins, yes, one would have to agree with you there.
Pre crash the div via Dodgey Bob days were pretty decent going tbh, which is why I put my paw in back then.
Its the manipulation (out of favour) attitude thats restricted Barclays sp . . . Taking QATAR's support scuppered a few (corporation) piggies, who had their snouts pushed away. Which was clearly heard and felt throughout a few institutions back then.
Barclays will never be the bank it was, so we all will just have to make do lol
Not far now, tuppence more to the annual divi and Ill stop moaning .
Just waiting for the yanks to wake up and shake off their hangover, then we hopefully will see some activity.
Cable has been a nice little earner of late, still room for improvement there too.
Off now, have a profitable day
Regards W'
Wolfy.....
They never reward shareholders. They just manage their expectations down all the time.
Of course, they reward themselves admirably, knowing full well , that there is nothing anyone can do to stop them.
... "Not sure where is the 3p dividend talk coming from? "
If you glance back and read just 2 posts, Seaking1 did explain he had mistakenly glanced at Divimaster (Which only display the past, recent post div amount) hence the banter of an electric shock reply lol.
Badjob . . . Yes, if they do stick to their progressive dividend and only add the smallest amount "Fur will fly" when I get to speak with Mr Higgins next, as for Mr Morzaria taking his bonus during the basic 1st year accountancy c**k up, beggars belief !
Ole Venkat needs to reimburse us share holders, with what counts ! not just empty smiles either.
So if they do take the p155 next Feb / March I wont hesitate and remind them of the suspended dividend has not actually been factored in as a progressive one, since stalling from 2019 !
Do they actually believe we all went to live on MARS for 24 months ?
Jes and John "Mac The Knife" both knew full well what the crowd wanted, they actually did start to implement it too.
If Jes was still in the seat im certain we would not be looking at such a poor reinstated divi and p*** poor S.P atm !
GLA
The share price movement at Virgin Money shows the impact of a decent hike in the dividend - up over 20%. I expect that Barclays will once again be more conservative in their pay-outs to shareholders. Based on past practice, they are more likely to disappoint than pleasantly surprise. Anything less than 4.5p for the final dividend will be poor in my view. Even that only gets up to a 4.3% yield on a pretty bombed out share price.
Sean. I am actually hoping for 5p in the full year results.
The below extract is from the Q3 '22 results;
"Capital returns: capital distribution policy incorporates a progressive ordinary dividend, supplemented with buybacks as appropriate. Dividends will continue to be paid semi-annually, with the half year dividend expected to represent, under normal circumstances, around one-third of the total dividend for the year"
So if 2.25p per share dividend that was paid at Half year results is one-third, then the remaining would imply a dividend of 4.5p in Feb '23 during the Full year results?
Barclays has a progressive dividend policy. What that means is dividend would be increased progressively. Half year '21 had a dividend of 2p per share. Half year '22 had a dividend of 2.25p.
Full year 2021 had a dividend of 4p, so dividend in Feb should be 4.25p.
Not sure where is the 3p dividend talk coming from? Progressive dividend policy would mean dividends increase every year. And with every buyback program there will be lower shares in circulation, and even if the dividend amount paid stays the same, the dividend per share should increase. At least Barclays has a progressive dividend policy - Lloyds doesn't have a progressive dividend policy. And Barclays share buybacks are able to buy shares at a much lower price than its TNAV per share of 289p vs where Lloyd's can buyback.
No wonder Barclays share price hit a 52 week high of 219p earlier this year, before the securitisation goof up and the war derailed the trajectory. The securitisation effect is falling off with each quarter and if the war ceases then 219p could be hit again fairly soon imo. And look at the sensitivity slide that Barclays had at their Q3 results - a 25bps increase in interest rates has a very sizable impact in Barclays income vs say Lloyds. The higher interest rate income is starting to filter through - that's what the market saw in driving the share price to 219p level in Jan '22. Do you see similar upside with Lloy or nwg?
Evening S1, one is not usually caught on here this late in the day, though i've been playing with cable today.
Just winding down and took a gander on here, out of politeness I always return / acknowledge posts as and when I see them.
Humorously, you mention "electric shock" funny as when I see a hopeful 3p for the next div' poor Mrs Wolf nearly had to run down the local doctors and grab a defibrillator off the wall, she thought I was going in to cardiac arrest lol.
Please accept my apologies, i'm the last person on here to correct anyone, the reply was meant in jest.
Must log off now, been a long day, one of which I should admit has been over traded.
Mrs Wolf is being exceptionally thoughtful this evening, bet she thinks Ive had it away today, she's after something ?
Either way, bid you a good evening .
Regards W'
Mr wolf, Yep hands up my mistake I was looking at divmax and got wires crossed hence the electric shock from yourself. :-).
Good morning M1k3y and badjob.
That is what they want to happen, hoping everyone will just give up throwing the hot potato around.
What I find disturbing is the fact that we do not really live within a free society, in fact we adhere to rules set with striking similarity to the Marxist theory.
The british public are ruled under authoritarian statute (Our Gov' are a law to themselves) whom administer through centralism a single centralised party apparatus / the corporation.
How the heck can we the public live and vote, elect a party (Who are all a shower of ****) whilst they themselves abide by the rules set out, from within the square mile.
Without rattling on, does anyone reading this believe ole Risky and Hunt are running the show ?
Mr Wolf has always understood that the City Of London "The Corporation" runs the show.
Anyone ever heard the name Nicholas Lyons ? Well he is currently our public face for the "String pullers" in the UK.
Anyone who owns shares in the banking sector, should know who José Manuel Campa is.
He is actually the one who took over as Chair of the European Banking Authority (EBA) his predecessor Fat Boy Bailey shared many a pie with, the C.B sent out the order for Bailey and Woods, to screw over us share holders of our dividends. Some of you might be thinking "But we weren't in the EU since 2016"
Great Britain back in the day (commonwealth) started all these offshore financials in way of protecting the pound.
Eg. Places like Africa had a national debt of 10% of the value of the amount it generated / generates, which gets migrated out the country into the offshore hubs (set up by the UK & US corporation's and also China.
If enough investors rallied together and publicity causing enough noise, (having a case to answer) we might stand a chance. The closest I managed to get, was the "Stone Wall" perimeter of the BoE, realising the tight relationship they hold with the Corporation !
It does not matter if you invest your savings in $$atWest, Lloyds or Barclays, ect . . . at the end of the day our money is invested indirectly within the corporation.
In reality, we the public can not even get within a whisker of them, as we are outside their laws and statute (despite they are bang in the centre of London, UK)
Yes the "corporation" is above OUR law, they have their own. Fact not fiction.
As per DYOR this is not meant to come across as a furry rant, just to share with others, those who really control this country.
We the investors and british public are no more than blurting sheep.
Still sheep at the end of the day, just some are sheep in wolves clothing lol.
Having explained my reason for the under laying anger, having my dividend STOLEN, which it was, under our commercial laws, which in turn are based on common law . . . No I will not stop chucking that hot potato.
The US Thanks Giving this week, doubt we will see any needed volume until next week now.
GLA
OH and it knows that there is nothing anoyone can do about it !
Fines and a very greedy BoD.
BARC historically only ever pays a divi of 3% max.
It rarely pays more to the shareholders but nearly always pays more to the management.
Mr Wolf - a very fair rant. The keeping of the divi is even tougher to swallow when UK banks seem to trade at little more than 5 x PE compared to double that or more in the US. The low PE almost disguises the derisory dividend pay outs to shareholders. A 4-5% yield sounds respectable but is actually pathetic off such a low PE and suggests either a lack of confidence in the business or a desire to keep the money to ultimately reward themselves. I don't know which it is or what is actually happening to all the profits.
The Reducer, CEREUS and BadJob
The questionable aspect regarding the terminology over the timing of the ECB (Ole Costas H'O the clearing B) ordering / telling Sam Woods over here at the PRA / basically the curtain twitcher's at the BoE. "To postpone", no mention back then of cancel ! We were all within 48 hrs of the dividend going through . . . Great April fools joke that turned out to be, aye !
. . . In response to a request from the Prudential Regulation Authority (PRA) the UK’s seven largest banks are to suspend £15bn of dividend payments to shareholders and halt buybacks on ordinary shares until the end of 2020, and will also cancel payments of any outstanding 2019 dividends
The PRA wrote to HSBC, Nationwide, Santander, Standard Chartered, Barclays, RBS and Lloyds asking them to agree to publish a statement it had drafted.
This read: ‘In order to help us to serve the needs of businesses and households through the extraordinary challenges presented by Covid-19, the board has decided that until the end of 2020 we will undertake no quarterly or interim dividend payments, accrual of dividends, or share buybacks on ordinary shares.
‘In addition, in response to a request from the PRA and to preserve additional capital for use in serving our clients, the board has agreed to cancel payment of any outstanding 2019 dividend. Our board will decide on any dividend policy and amounts at year-end 2020.’
SO WHERE IS THE HALF OF 2018 THEY OWE EVERY SINGLE SHAREHOLDER FROM THE DATE PRO RATA, BEING THE LAST PAYMENT ?
After all they (Barclays) did swap from quarterly, to half yearly.
This still makes my p*** boil thinking about it, some on here are probably reading this, thinking its in the past, forget about it. If you are one of them thinking that, may I ask if you would feel the same way, if someone "stole" enough to buy a brand new family car from your bank account, because thats what they basically did to me in caparison.
Absolutely criminal what they Barclays did, like Reducer points out, "deliberately hiding behind a Govt directive". Which is exactly what they did.
Having gone at the BoE, PRA and Barclays they all refer back to the LSE and some paragraph about dividends.
Though the things that niggles me is that Barclays Nige Higgins)publicity said that they were well capitalised to pay the dividend, the 2nd clause was if the said company was going into liquidation and could not continue to operate.
SO NEITHER OF THE LSE RULES THEY ALL REFER TO APPLY , so where where is my pro rate EX dividend payments gone then Barclays ?
If anyone else gives 2 flying chuffs, maybe we can take a private action like they keep doing over the pond, currently claiming back lost shares holders money for incompetence regarding the over selling fiasco.
Crikey we are too soft and accepting in the U.K
Rant over ( Any mention of the div gets my hackles up)
3p ! Crikey, there will be blue murder if they that $%^ next Feb lol
Last final was 4p . . . If a min' 5p does not prevail as a final, Ole Nige best have ear protectors at hand, for when we next cross paths.
Not one member on that BoD can say they've are not easily replaced !
Regards W'
The final div is 2 March am expecting 3p at least . By then the sp should of improve as well.
:-).
The Reducer , all you state I totally agree with. Didn't see the Directors taking a drop in their income during Covid , but we certainly were cheated out of dividends. I am making a small loss on my holding , but if and when it becomes a reasonable return on investment , I am out.
You ask about the chartist position...
I'm no expert but just about everything I can see is positive.
The current trading range looks to be between £1.61 and £1.57 so we could well test those a few times before breaking through. There was a bullish looking MACD crossover yesterday which suggests to me that mid-long term (i.e. over the next month or so) the share price should break through the upper trading range. There looks to be deeper support at £1.46 and should we get there, £1.80ish looks to be an upper line of resistance.
But the charts aren't everything...we live in febrile times the geo-economic uncertainty around may have the final word.
Currently I'm happy to hold, the Autumn statement was relatively kind to the banking sector and they are churning profits and printing money at the moment with Barclays being no exception.
Well one of the better moves I made was closing my second short at 154.7 yesterday at around £1500 loss. Can’t get them all right but happy to close a position I was clearly wrong about.
Will keep an eye on barcs as I still think my pessimism is justified but may take a bit longer than originally thought to filter through.
Or ofcourse I could just be wrong and this is going much higher, which in the short term does look to be the case.
Congratulations to all the longs and those making money of these swings, well played. Have a good weekend and ATB everyone