Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Anyone watch Jess the ceo of barc this morning on Bloomberg. He seemed very jovial, like things are going his way, things to be happy about. Could be a good Thursday.
... and again.
Testing 200p again.
Going to take a while to break 2.00 and keep it I think.
Finally back to nearly being back in the blue with this one. 2.00 incoming.
Up the barcs. Long may it continue. Has taken absolutely years and years. But good to be back level.
Agree entirely.
Or they can't issue new shares , whilst at the same time they are buying back others.
Rock,
Still has a long way to run before hitting pre leaving the Eu level, hardly overpriced.
With all the M&As that have been going on I would expect the next results to be quite good ,also if thier is a rate rise that should shift the sp up. :-). Barclays and other bank stocks should do very well over the next year.
i think these 'new' shares have been issued for the Barclays' staff SAYE and SIPs schemes. these are HMRC regulated and therefore separate to any buyback.
overpriced pre covid level now!!!!!!!!!!!!!
Typical of banks to act in this slippery snake way. Over £2 and I am out of financials for ever. Do not deserve the trust and faith of holders imho.
I'm not sure there ought to be a principle that reward directors or others at no cost to the business and entirely at cost to shareholders.
Since the commencement of the share buy-back programme announced on 2 August 2021, the Company has purchased 167,549,375 ordinary shares on the London Stock Exchange in aggregate at a weighted average price of 182.8108p per ordinary share.
Aren't these in essence shares that would have had to be issued regardless of buyback given they are tied as part of senior pay packages? Wouldn't that just dilute the share price if they didn't buyback?
The reason they get away with it is because the Buyback makes the financial headlines and the new share issue does not.
There should be a law that says they can't have a buyback while at the same time issuing new shares.
Thank you freeposter
This is exactly what I mean.
What point is there in implementing a buyback program, when at the same time, you are also issuing new shares !!!
Looking good
Well, up to Thursday close the current buyback had reached in excess of 165 million shares, but yes, as ever, saying they will do one thing doesn't meant it can't be mitigated by another part of the plan.
So these 10 million new shares effectively negate the buy back ?
Quote:---- I hope that this does not mean 'new shares'
20 September 2021
Barclays PLC - Block Listing
Barclays PLC (the 'Company') announces that an application has been made to the UK Listing Authority and the London Stock Exchange for the block listing of 10,000,000 ordinary shares of 25 pence each in the capital of the Company (the 'Shares') to trade on the London Stock Exchange and to be admitted to the Official List.
The Shares will be issued and allotted under the Barclays Group Share Value Plan.
When issued, the Shares will rank equally with the existing issued Shares of the Company.
Admission is expected to be effective on 21 September 2021.
Thanks Crunchy.
They have announced though that "Barclays will be offering a share alternative in the form of a dividend reinvestment plan (DRIP) for those shareholders who wish to elect to use their dividend payments to purchase additional ordinary shares, rather than receive a cash payment"
I hope that this does not mean 'new shares'.
They stopped Scrip dividends earlier this year.
Like all companies, dividends can be used to purchase shares.
Ain't no farce here.
The problem with the buybacks, is that BARC are issuing scrip dividends at the same time !!!
It's about time this scrip dividend farce was stopped.
Last chance to get in below £2 early next week?