Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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CS Venkatakrishnan take CEO at Barclays as Staley steps down - a bit shocked at the news.
Barclays is taking on buy now/pay later fintechs such as Klarna that have expanded rapidly in the U.K. by offering short-term, interest-free installment loans to consumers. And Amazon is indirectly tied to the effort.
Barclays is reportedly working on a partnership with Amazon to offer interest-bearing installment loans for the e-commerce giant’s U.K. customers. Barclays has provided interest-free installment loans for iPhones with Apple U.K. since 2019.
Barclays has appointed Antony Stephen, former head of Amazon Payments Europe, as CEO of Barclays Partner Finance, which provides U.K. consumers with point-of-sale financing and installment loans for higher-value purchases such as home improvements and furniture.
I thought the elastic band had snapped when we got above 200p but it seems to be intact and pulling us back a bit....although it might be weakened and about to give way. Interest rate rise apparently quite soon, very small rise I expect but every little helps.
Lloyds have followed Barclays by announcing a fantastic set of 3rd Quarter results. I really think that Bank shareholders who have been patient will be rewarded over the next few years.
Lloyds crossed the 50p threshold this morning for the first time in a long time. Barclays have also crossed the £2 threshold although it's a little disappointing to see them drop back. I think the problem here is that the results were good but the banks have been conservative in their announcements. Let's not forget that these aren't the end of year results, it's just a 3rd quarter trading update. We already know Barclays will be a 4p final dividend award and we knew this before the trading update. Lloyds had no plans to announce anything further. HSBC was a little more exciting in announcing a £2 Billion share buyback and we have Natwests results tomorrow - not expecting too much there other than another set of good results.
So we're now in a holding pattern for another 3 months - where I do expect positive momentum to the share prices of the banks before end of year results. Barclays have pretty much ruled out any special distributions, preferring to steadily increase their progressive dividend. I'm expecting Lloyds to announce an increased final dividend, a special distribution and further share buybacks and maybe something similar from HSBC and Natwest.
Other than that, I can't help but feel this was a boring 3rd quarter - despite the fantastic positive results. So more patience is required from long term shareholders and a great time for any potential new shareholders to jump on board because without any dramatic external crises coming along that no one can account for I see strong capital growth ahead for a change.
Hey Mal. Thanks for the post. Yes, I bought under £1 too. And investec under £1.25 and RDSB under £9. All no brainers.
I just see the growth and now looking at other growth stocks and thinking.... will i make more money more quickly over there. But you are right - play the long game with these staples bought at such low prices.
Im looking closely at national express to top up some more ... about £2.21 at minute.
Thanks for the advice... if i keep these and aviva now and just keep reinvesting the dividends, will give me a nice little next egg when i retire
good luck to youand all
I wouldn't sell any of your shares. I bought at 97p and as with most shares, one day I think I should have sold and a week later think should have topped up ! Just go long with these as more upside to come in my opinion.
Just added some more. Seeing this as an opportunity. Banking is getting more efficient and with inflation the profits will rise
Like many, i bought heavily with these last year and am sitting on 100% gain. Interest rates are looking like they will rise, and so BARC profits. Dividend looking like will increase. What do others have as a price target on these? £3? and what time frame?
I'm just wondering when to half my holding and invest in something that maybe will grow quicker. Or hold for the longer term and just have this as my safe, steady eddie ok dividend investment in my portfolio
What are the thoughts of others?
If shorting is OK why has the practice been band in nearly every country in the world? I think shorting can undermine a company and be used as a tool to discretely force down S/P . With respect and IMHO.
Why would anyone sign? Short selling doesn't make the share price fall, what makes the share price fall is poor management, poor product or poor economic outlook. If all those factors are strong, makes no differnce how much someone short sells a business because there will be those who see the potential for going long, the short sellers lose. And on the other side of the coin if any/all those factors poor then more of those who were long will short the stock and rightly so - A sh*t company should not profit from investors money
Temporary ban of short selling on a case by case basis*
Indeed brucejamieson. The vast amount of instruments that are designed to profit from a failing company are used as an insurance utility to protect against a fall, I.e. short selling a stock via a put option and buying home insurance are essentially the same thing.
However, I agree that some do use short selling to distort stock prices, particularly those who actively short sell and then release reports outlining the reasons why they shorted, in which some are very poorly written and conjecture at best.
A blanket ban is not the option. Better defining how such instruments can and cannot be used is what is needed, I.e. a limit on how many shares can be sold short as a % of float, or in some extraordinary situations, a temporary of short selling on a case by case basis. In reality...virtually impossible to police this as it then becomes a quagmire of legal mumbo jumbo that no one will understand let alone be able to enforce.
I’m not convinced on the 3.50 18-24 as a prediction here, buybacks are interesting but Becky’s have been trading undervalue for comfortably the last decade. I hope I’m wrong but real estate is at an all time high, stock prices are as well, inflation is predicted, bouceback loans have saturated the the small business lending market al bother looming Covid crisis feels like instability for the 10 year payg scheme
There are many ways of shorting; some have existed since time immerorial. CFDs, short selling in the account, put options all kinds. If you have a personal pension the fund manager will have used shorts as an insurance.
If you trade shares long then the opposite is short which MUST remain an option as in most countries with a stock market
Hi fellow investors - if like me you are fed up of how shorting shares operates in the UK then please have a read of the attached petition and sign it if you are happy to and perhaps even share it and post it on other Boards that you are a member of. If you prefer not, that’s fair enough too. Thanks
https://www.change.org/p/department-for-business-energy-industrial-strategy-make-short-selling-of-shares-illegal
Seemingly not.
Do we think this will have another retraction before it goes much higher?
Agreed, I took a look at the share price after q1 and h1 results and SP dips for a couple days after before climbing up. Should be £2+ next week.
Furthermore, the reason the sp falls after results is because the institutional investor doesn't want the share price to take off so they sell it down just after the results to scare the little fish off, ready to buy back big once they are happy with the results. My guess
I have no doubt the share price will rise considerably, in fact I think big institutional investors are busy chewing over the latest results and once that info has been digested and they are happy they will buy big. My guess
A decent share price would be good. I bought in July 2015 at £2.78. I have managed to reduce this by a number of share trades but only in profit if I include dividends. It seems to be struggling to go past £2.00 today but I suppose it is Friday. Berenberg raising the target price to £2.45 may help.
what more can any investor want from a share.
Dividends likely to rise this year & next year, massive profits and cash in hand. Thinking of selling my portfolio and investing the lot here!
My brain bleeds, watching barc share price creep up to £2!!! The only thing about barc that's changed since Wednesday is the bank is sitting on an extra £6 billion profit and the knowledge its balance sheet is much much stronger than it was Wednesday.
It defies logic, or is there something in the balance sheet the average man on the street has not seen in the announcement on Thursday, something about the future prospects of profitability????
Barclays is like a coiled spring....love it!
Reminds me of the spring on my car that snapped due metal fatigue!
198.7p was breached but as yet 216p hasn't appeared....200p barrier seems a bigger hurdle, but one concerted effort and we'll be over the top and entering pastures that haven't been seen for a while.
Pantherax Thanks for the detailed reply, much appreciated.
Barclays sp is like a coiled spring being compressed, at some point the energy will released.