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The Government are conducting a consultation with all interested parties prior to rolling out the new UK ISA.
Here is a link to the consultation document and ANYONE can take part in the consultation. There are 15 questions in the consultation. There is an email address in the document for people to send their responses to this consultation.
Responses to this consultation should be sent to HM Treasury by 6th June 2024.
https://assets.publishing.service.gov.uk/media/65e734d62f2b3bd5107cd8c5/UK_ISA_Consultation.pdf
Ref JayK message.
....just about the most intelligent, helpful and gentlemanly post I have seen in a long time!
Not only do we have different ideas we have different needs. In my case, if all goes well in life, I will not need to take my BARC investment out for 5 years. So I am taking the view, they are undervalued, low risk and give a good dividend. But that is a unique set of circumstances that leads me to that decision.
Also enjoying the more positive sentiment about these shares :D
@Liquidator - Always go with your own GUT, not someone else's. Mr Wolf is human and can get it wrong like anyone, relying on someone else on a chat room is no way to make your own decisions and be held accountable for your own actions. If YOU think you should be out then be out, set a stop loss on your trade at least. I said this is long a when the results came out and stand buy it with my own hard earned cash, lots of it. However I do also value Mr Wolf's input, but never let what anyone else says over ride my decision and what I think and see. The UK economy needs growth, is it coming, I think so, lower interest rates the market likes, are they coming, I think so. Barclays have a plan for once, will it work, who knows but we can wait and see. Good luck!
Hope everyone else is good, its nice to see a change of moods in here from the doom and gloom, for how long, who knows :D ATB.
I would sell at 190 but otherwise holding for divis. I wouldn’t reinvest my divi at this price tho
I was freaked out by Mr Wolf’s analysis. However I am choosing to hold because of FOMO, though deep down I know he is probably spot on with his sentiment. I realise this goes against all principles about not being emotional about a stock, but this blue bird hits differently. Good luck to all and hoping we can make it to 200
I personally think it will break out of the current range, upwards rather than downwards. However, I have been disappointed so many times, so who knows :-)
Good to have dreams!
Maybe some of our resident chartists have a view?
Maybe mid £150s before bouncing.
Can't see it back in the £140s though like last year.
US banks seem to be going ok from what I can see.
No way the current Government will be negative in tomorrows budget, we should expect positivity tomorrow.
I agree what mr wolf has been saying ive been spooked with whats going on over the pond so i sold my investment this morning, but dont get me wrong this stock is so undervalued should be near the 1.80 - 1.90 mark. So ill wait by the sidelines to jump in.
Feels like the momentum has stalled and we are struggling to break through the 170 pence barrier. Anybody else expecting this to drop back to 160 before moving up again?
Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11
The Federal Reserve Board on Wednesday announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions.
During a period of stress last spring, the Bank Term Funding Program helped assure the stability of the banking system and provide support for the economy. After March 11, banks and other depository institutions will continue to have ready access to the discount window to meet liquidity needs.
As the program ends, the interest rate applicable to new BTFP loans has been adjusted such that the rate on new loans extended from now through program expiration will be no lower than the interest rate on reserve balances in effect on the day the loan is made. This rate adjustment ensures that the BTFP continues to support the goals of the program in the current interest rate environment. This change is effective immediately. All other terms of the program are unchanged.
Things could get funky !
Some may refer to it as "sitting on the fence" one thing's for certain is the fact that, something big is about to happen !
1. Fed about to pull the rug beneath (Next Monday) JP,GS and Morgans have already spoke up and said they can not operate without the bank term funding program. Which will crush the Community Banks over there.
JP and Morgan's have warned smaller ones won't stand a chance.
Just look at New York Community Bank, has been hit for 80% since last year and took one heck of a slap only yesterday for 23% !
2. Price of Gold is just not stopping an literally hundreds of billions been flowing into both Gold and Crypto recently.
3. Lots of people gage market pre markets moves like Nas' offset against "Bookings" which has dropped off by 20% recently, usually a giveaway signal that something is about to happen.
Without trying to sound like the "The world is nigh" lol all I'm trying to put over is that ive seen these signals too many times in the past, thats all.
Current data is telling me that the big boys, are about to pull retailers pants down and stand there pointing and laughing.
It's clear as writing on the wall that someone is about to use retail as exit liquidity and rushing to do it, because its been done brash and blatant.
Look out and take notice the next pull back retail will go "all in" and appears to me the big boys will be selling to them.
Which is where I usually lay in wait, let's see what occurs after Monday when the FED pull the plug over there.
Retail will get holding the bag and the wise will wait to buy back at a steep discount.
If I knew what was going on id share it, truth is I haven't got a crystal ball.
Just charts, data and a few grey hairs of experience.
As for Barclays, we are listed as a UK Bank over the pond and hopefully won't get caught up in the bun fight too much.
We could either be seeing this recent 200 DMA clearance as support and a nice pick up from here (as we cleared it nicely) unless we see Barclays chip up and remove 190 / 200 in the near future, the path of least resistance is clearly down again.
Not all "half glass full " as we have been undervalued for a long while now and any hardship to the US Banks will only give us European and UK Banks a more level playing field in years to come. It's just a matter of seeing how it plays out on us in the short term. Maybe when the knee's rattle on the US biggies, investors might pile into undervalued Barclays lol.
Mr A and a few others are keeping some powder dry.
Ending on a positive note, we have cleared our ole friend. Without getting jumped on, next major player before we can all stop praying is +190.
Though it's critical we stay above the 200 DMA, least we have twice the buyback cushion this year, so if we do take shrapnel, it won't cause too much damage.
Interesting to see how this pans out this quarter.
Anyhow Honky Tonks, wish everyone well, im off.
Regards W'
I think a lot of that was exercise by staff of options under share save schemes. But it is a good point you make. Barclays should be satisfying share awards to employees from shares it buys in the market which it is entitled to do. It gets tax relief when shares are issued to employees based on the actual value of the shares over the amounts paid for the shares by employees and also reflects that difference in its profits. I don't know why it doesn't do this other perhaps that it allows it to exaggerate the amount of its buyback because clearly only the net reduction in shares overall is relevant to shareholders.
Qatar Investment Authority, the company that has the 0.5% short also owns 2.7% of Barclays shares, so it’s more of a hedge than a short.
So another reason for shorters to start.
Lower profit & a bigger buy back however more shares allocated.
We will have to wait and see.
I just checked my record on spreadsheet. When Barclay completed buyback on Oct 24, 2023, the remaining total floating shares were: 15,073,890,051 shares. Compared to Before last round buybacks, the share count reduced by 3.114%.
When this round of buyback starts, the total share counts started at 15,182,822,584 shares. There is a net increase of 108,932,533 shares. This equivalents to 1172 shares per employee in 1 quarter. Any body has an idea, why the bank is so generous to use shareholder money to fat their own wallet? In percentage, this 1 quarter stock dilution has cost 22% of last round buybacks. Since we only have two buybacks a year and employees have 4 Q of compensation, does this mean 44% buyback would drop to the black hole of stock based compensation?
Barclays got to this price February 2023 then dropped so that's probably the reason for shorts opening.
There could be some profit taking now after they are trading ex dividend .
They dropped to around £1.40 last year.
Have to wait & see.
If you sell on ex divi day then the seller retains the dividend. The buyer does not get the dividend hence why the share price normally drops by the dividend amount. So in reality seller gets lower price and the dividend and the buyer gets a lower price. Pasta is quite correct. Rgds, S
Taverham
> Pasta, if you sell on ex divi day you will sell ex divi and not get it.
This is 100% wrong. If you sold on ex div, seller gets dividend. Stop confusing others.
Im glad I waited now, 4% up today is lovely. I might wait one more day....
You get the dividend!!!!!!!! If you sell on the ex dividend date.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value. Investors who purchase stock before the ex-dividend date are entitled to the next dividend payment while those who purchase stock on or after the ex-dividend date are not.
Just remember - Ex divi means excluding the next divi.
Rgds, S
I'm not certain that's correct. I thought if you sold on ex date you sold ex div and therefore did receive the dividend.
Pasta, if you sell on ex divi day you will sell ex divi and not get it.