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Hi bald eagle - Am betting on a 0.25 rise dec will send this stock over 1.90 it will happen next year anyway - i just bought BIRG 5,847 under 5euros is a serious bargain 6euros for sure next year
"And is the December 0.15%+ expected BofE Base Rate increase already baked into the falling share price?"
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If it is 'baked in' but doesn't happen what would happen?
I thought 'generally' bank shares benefit from an increase....does the falling BARC SP suggest 'the market' isn't expecting a rise in base rate?
It's like juggling cats at the moment!
Real Estate giant could have a effect on Barca
I can only assume that today’s drop was related to the Covid Plan B aftershocks? Personally, I still think that 180p is a key support level for Barclays. If it breaks below this trigger then I will start to consider a short term lump flutter. That said, I haven’t checked the Financial Calendar for the next 7 days upto next Thursday’s BofE announcement but from memory US Inflation figures I believe are due tomorrow? If they show another leg up, then this could spook the markets. And is the December 0.15%+ expected BofE Base Rate increase already baked into the falling share price?
All imho please MYOC and GLA.
Falling like a stone again!
"The problem is that many fund managers remain cautious and are somewhat jaded after watching poor performance for much of the past decade."
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Nail on the head. Can BARC change their slightly 'dodgy' ways of the past and become a reliable & slightly boring money spinner? The jury is out....twelve angry people are trying to reach a conclusion!!....Mr Strang(e) is the foreman.
The link:
https://www.investorschronicle.co.uk/education/2021/12/07/barclays-bank-a-cheap-stock-technically/
A detailed write up here by the Investors Chronicle. I will include the link and summary below.
Just one word of warning, I was only allowed to click on the link and read the article in full on one occasion. Thereafter, it was asking me to register. So just bare this in mind before you click on the link. A good 5 minute read:
Summary:
“
Not exciting but a strong technical story
This is not an especially exciting story and any bull case on the stock is largely a technical one, but one that is nonetheless well-founded. The board is clearly convinced that there is scope to sustain a much higher Return On Assets (ROA) even if still below the weighted average cost of capital (WACC) and the analyst community appears similarly on-side. The problem is that many fund managers remain cautious and are somewhat jaded after watching poor performance for much of the past decade. Several more quarters of improved performance are likely to be needed to change hearts and minds. So, any rerating of the stock does not appear imminent. It does feel as though it will come in time, but any private investor looking at buying Barclays does need to proceed with their eyes wide open. Banks are still inherently risky, geared cyclical businesses and Barclays has had the additional burden of losing three chief executives following a string of scandals. The dividend is forecast to rise from last year's 1p to 6p this year, then on to more than 9p by 2023 so more than a 5 per cent payout looks to be on offer at this point, which should be something of a cushion for the risk.
There are still a lot of questions over the pace, extent and sustainability of recovery here and relying on a largely technical argument for buying a share is not the most compelling. While it does feel as though there are many stronger buy cases in the market today, there is certainly some allure in a potential c50 per cent capital gain and a 5 per cent yield, but Barclays is still only one for the less risk-averse.”
" the financial sector appears to be confident that Evergrande is not another Lehman."
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I thought the potential ramifications were huge and not limited to China. It is good to know that they have managed to limit the fallout somehow.
Freeposter - Thanks for that. Must give missed it!
No, the financial sector appears to be confident that Evergrande is not another Lehman. The small drop today is due to the Deutsche Bank rating. Consensus is still around 240. BTD
£500M buybacks finished last week. BARC is on its own with life support switched off.
Evergrande exposer possibility
I now realise its probably due to Deutsche Bank cutting their Barclays recommendation from 'Buy' to 'Hold'.
Anyone know how the buyback's going? There's been nothing on RNS since 30th November.
Does anyone have a view as to why Barclays, which fell sharply at last bell last night, is losing ground this morning when the FTSE and financials generally, are powering on?
Alistair Strang gives his latest update on the potential direction of travel from a Chartists perspective which will always include both a half-full and half-empty perspective.
https://www.ii.co.uk/analysis-commentary/optimists-view-barclays-shares-ii522205?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_061221%20(1)&utm_content=newsletter&spMailingID=16529964&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1890982689&spReportId=MTg5MDk4MjY4OQS2
Hi Bald Eagle.
Agree, just about sums up 75% of commuters lol.
U.S banks liking this afternoons trading pattern, just hoping it digs in here this week.
Crikey its on thing plotting a perfect chart, its another when you throw Bojo and Fauci in the mix.
Well done anyone buying the recent dip, though it was a clear as a crystal.
The illusive £2 hold up is only a matter of when and not if.
Having set my orders I don't spend much time on the screens these days, cant really call it golfing weather either.
Will be back when theres some momentum, as you will know. its all pretty much a quiet month to trade.
Regards W'
MrWolf, good to hear from you again.
Yes, the De Menezes shooting was an extreme version of 'wrong place at the wrong time'...unlucky man!!
Cressida Dick's career has continued to flourish ....I think she must be made of Teflon!!
Ms Dick said in 2007: “From the behaviours described to me, nervousness, agitation, sending text messages, using the telephone, getting on and off the bus, it all added to the picture of someone potentially intent on causing an explosion.”
Which is a fair description of most people in London I imagine!!
All the best.
Hi Bold Eagle, trust this day finds you well and good.
just see an Sky News article on about J.C.M and his cousin fighting for justice.
Its off topic though I did think you may wish to read it.
Mentions the fact that his "fate was sealed" the moment he set foot on the Underground.
The order which was passed down from a 'alleged' positive I.D by the female army intel officer.
Where the U.C.O following the poor sod were instructed to give him a golden cap if he entered the underground.
The moment she gave that order, he was gone.
. . . On with Barclays related tosh, least the chart still look good lol
Thankfully the 'hammer blow' to the travel industry doesn't seem to have hit very hard....perhaps the market is coming to terms with Omicron.
Can BARC break through and stay above 190p?!
I suspect the question is will it be restricted to travel stocks?!
I should imagine that travel stock are going to get a battering tommorow eh?
Increasing numbers of Omicron cases were to be expected IMO....this is more transmissable than Delta.
The big question is whether symptoms lead to increased hospitalisations & subsequents deaths. Also the level of protection offered by current vaccines.
Anecdotal evidence from South Africa suggest Omicron may not be too bad but only the scientists can really answer that...no matter how much 'some' politicians want to pretend otherwise.
numbers of the new variant increasing. I can see a re trace