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Good Evening 3LittleBirds,
Not sure of your goals or strategy but just tread carefully here… Those who are a little “longer in the tooth” can vouch for the Blue Budgie quickly ‘morphing’ into a Sunset Scorpion!
Good Luck My Friend.
Regards, MrA
I had a Donkey Jacket at Preston Poly in the 80’s and remember selling copies of the Socialist Worker whilst smoking roll ups in cut off mittens. 3 years later I was working for a magic circle law firm in the City, wearing a pin stripe and voting Conservative. Funny old world ain’t it.
3
I had a very good day for a change today.
I’m holding as I’m predicted a good week for HSBC and even Lloyds on Thursday and working on the principle that all boats rise with the tide. Also momentum is now with HMS Barclays in its own right so fingers crossed we tick up to 180 fast and then march on £2.40.
@ Mr A' - Aye what a day !
Rarely would I be sat in front of my screens this long in the day, unless there's some momentum in the mix.
We had the "Pie Man" waffling earlier, lucky for me I was I long GBP/JPY & GBP/NZD, hence sat in what's been a very long day.
Things got a bit twitchy mid arvo and others new to leave me alone (my headphones went on with some Chaz an Dave) just to drown out background.
For which I sat smiling as the first track was Rabbit, whilst my screens were screaming for attention.
You spoil Mrs A with posh cruises, Mrs W can count herself lucky, double bonus if it's not raining on the day.
She tapped me up for a fur coat once, not sure she was that impressed when she unwrapped a 'Donkey Jacket' lol
Any how, like ya good self Im about to join the ole Avanti West Coasters myself in a few minutes.
Think I might take Mrs W out for a 'Bernie Inn" 2 for £10 meal deal later if she's in a good mood (she's still irritated from her valentines day gift) . . . Don't ask.
Kindest Regards
Mr W'
Afternoon Mr Wolf,
Just catching up on the board whilst sitting on the train.
You took the words right out of my mouth... as Meatloaf would say.
My Powder remains dry... happy to see where we are at close of Business on Friday. If i get in a little late and depart a little early, as long as i have generated profit then i will remain happy. Your reference of Up the Grand Union Canal ALWAYS makes me laugh out loud. Spat my coffee out when i read it Well Done You.
I have no desire to rain on anyone's parade today. If you are staring at profit then a sincere Well Done.
For those that have perhaps clawed back some losses then long may that continue.
Looking for some stability and sense of "true" floor and ceiling before considering placing my roulette stake.
I noticed @JayK sticking to his strategy... and why not? Hope all is well JayK.
Good Luck and Good Fortune to All.
Regards, MrA
Hopefully if and when the FED's target the US Banks it will / should level us up, we deserve a level playing field over there.
Barclays have had them (as bond would say ) "pishing" in our pockets since 2008 and telling us its raining !
US banks trade closer to 1x.
Big rise on the back of a cleverly worded statement....all smoke and mirrors?
@ Crispiano - Exactly, good point shared
Gwhizz - Yes, few of us have "been here before" as they say.
The truth will show though by Friday.
By then we will see if this is being taken seriously enough or just retail hope and carrot and dividend.
@ Mr A' - If your having a read through, hope your well and good.
Do not fear of missing out, keep that powder dry sir, no clarification of strength just yet.
Cut though our ole friend the 200 like melted butter.
My Jan 9th "160 around results" fell nicely, looked a tad off target last week though, few twitching whiskers in my den if Im honest.
Looking forward to the water settling next week, hopefully get a clearer picture then.
Regards W
Hardly surprising, since I would expect the sharebase to reduce by c. 10% per year? And the certainty of a billion quid purchases over the next few months?
It was underpriced anyway so I don't see it as ground breaking.
Dont beat yourself up it may end uo below that at 4.30
I am slapping myself for auto-selling all holding at 160!!!
Article in BBC
Oh.. I'l holding alright, possibly too tight.
Heading to 163 165 level.
A great post MrWolf.. More or less my sentiments too.. when you've been in and out of Barclays long enough it's hard to have any long term confidence. It always amazes me how these directors are paid what they are paid. On a side note I once fell in the old GU canal trying to help an old girlfriend and her horse.. A story for another day.
Snippet from 9th Jan post
"The BoD best pull a golden rabbit out the hat in Feb or its the last year I'm going to be invested !
Back on track, chart is looking good, 160 is the key area on the weekly, with our ole friend / foe the 200.
As previously posted I can not see anything remarkable happening until clarification, so I'll be shorting every opportunity when daily momentum drops off"
Do they take us for fools or what ?
See this pattern far too often now, its actually jokeable.
Having sat and discussed Barclays over a few drinks Sunday evening, few of us hardly raised an eyebrow this morning.
In fact at first it was a case of bemusement, after 2 decent coffees a case of "well maybe, bit of potential" followed by 'Well there's a lot of straws and they're all being clenched" so it's now arvo GMT and no ones really showed any excitement, apart from a deliberate trickle earning someone an easy +10% this past 3 sessions !
Flitting thru a few previous comments, the comment about Black Rock is very true and still makes me wince.
Selling off BC was like Jack giving his mum the Golden Goose and expecting a full roast and trimmings.
Don't get me wrong it's great getting tucked into a bit of momentum every now and then, though we are discussing Barclays here, not the Barclays some of us can remember.
One thing I can say about this today's announcement is that Venk is, (excuse the pun) banking on this years 2nd & 3rd quarter to show better returns out of the IB arm or he'll get some real stick for it, if it doesn't !
The 5.3p div was the predicted min allocated, which shows contempt and weakness from Barclays BoD's.
Even 5.5p would have shown effort, though waving the buy back carrot will encourage newbies.
Where Ill be dropping the soap in front of them every chance I get from now until May /June.
Must dash as the US about to come though and my Barcs screen is alerting me to take profits, so I need to cash in and book Mrs W a surprise cruise (up the Grand Union Canal) very classy is Mrs W.
GLA
Yes static, and i love it, still looking for 10% as i was this morning.
If that’s weird, i like weird 😜
Not if your holding ;-)
This SP jump of 7% does look weird.
3bn of that is dividends, so can't really count that when comparing to market cap IMO as thats just FCF out of the business for really no benefit to the business. whereas the 7bn reduces the shares in circulation so at least "buys" them something for the cash outflow. then you have to deduct share option bonus's then the true accretive value to the SP is lower again.