Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Freeposter, 2019 was heading towards a 'record' dividend payout - in recent history - until the pandemic landed. If we can get back up to +6.5p for the year then the SP should also head higher.
Interest rates are now forecast to rise....albeit 0.5% base rate next year is still pretty low IMO.
Governments will have to start spending huge sums of money on the green agenda over the next couple of decades. A strong banking sector will be needed to finance those projects. Hopefully BARC can stay out of court long enough to make some money...and pass a bit onto shareholders.
Hi Bald_eagle, indeed it is the amount and not the frequency that is all important, although less frequent returns can hide poor performance and a company's commitment to shareholders. Just highlighting that excepting 2018, since going biannual, all dividends thus far have totaled less.
I don't expect regaining the confidence I once had in BARC. From after the 2013 BARC rights issue, I have maintained my BARC holdings in hope of them recovering some or all of their losses, yet even after allowing for all dividend payments they have lost more money. My present hope is BARC will continue their current recovery, then jump ship in hope of finding a more investment for my future needs.
Meanwhile I send you my very best wishes and hope your plans bear fruit.
And in times of inflation and rising interest rates banks do quite nicely,
Well done freeposter,
I have bought and sold barc and Lloyds recently but think now is the time to buy both and hold .there have been plenty of warnings out there about inflation and market corrections and also interest rates . Therefore after the dust has settled I expect banking shares to do very good .Equites should be in for a good drop . Just my personal thoughts. :-).
Freeposter, the question 'posed' was whether quarterly dividends are 'better' than half yearly dividends?
As I think I suggested - and reaffirmed possibly by you - the amount of the total dividend is 'probably' more important than the frequency of the payments.
Not a totally full story
2016 --> interim = 1.0; final = 2.0
2017 --> interim = 1.0; final = 2.0
2019 --> interim = 3.0; final; = 0.0
2020 --> interim = 0.0; final = 1.0
2021 --> interim = 2.0; final is currently the big question.
Restoring the dividend to previously levels would help restore share price to previous levels and indications are that this might just be possible.
Looking at the dividend payouts:
2018--> Interim= 2.50; final=4.0
2015-->q1=1.0; q2=1.0; q3=1.0; q4=3.5
Conclusion: It isn't necessarily the frequency of the dividend that counts but the total amount paid...surely?! I suppose income seekers would prefer more regular payments.
Quarterly dividends were paid up to 2016
"Have Barclays ever issued a quarterly dividend?"
Not since 2015, when BARC share price was higher than most posters here are hoping for today.
"Whilst we might not see a 3rd Q dividend (although they should) ...."
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Have Barclays ever issued a quarterly dividend?
£2 should pass this week. The UK banks are sat on too much money. Whilst we might not see a 3rd Q dividend (although they should) the sentiment is changing. My target price before the end of this year is £2.24.
Lets hope it Breaks through the £2 barrier without any pain . LoL
GLA
Definitely it's a case of who you know, not what you know.
Amanda Staveley is going from strength to strength....one of Newcastle United's new directors with a 10% stake in the club!!
200+
SP holding above 190p is a major milestone but of course we want even more....198.7p here we come!!
198?
Zacks are back with another “positive push” for the U.S. American Depository Receipt listed stock of BCS.
https://www.nasdaq.com/articles/heres-why-barclays-bcs-is-a-great-momentum-stock-to-buy-2021-10-07
A piece about the market in general not just Bank shares. Worth a read imho.
https://www.cnbc.com/2021/10/07/buy-the-dip-despite-inflation-fears-barclays-says-.html
bald_eagle, Good points well made.
MrA, even in the supermarket/grocery sector Morrison's is not typical....I believe the American hedge funds were interested because they own most of the store bricks & mortar. The Yanks will probably do some accounting trick to lease back the stores and sell off the real estate for vast sums. I loved it when the Glasers bought Man U and got the company to take out a loan to pay themselves back, brilliant!
If foreign investors spot an undervalued asset they will pounce. Same with entertainment businesses, the yanks (Netflix/Amazon/etc) have the money IF they identify an asset they want.
Our technology companies have all been sold to foreign investors....we are not afraid of selling our crown jewels. Maybe BARC will go that way one day but I'm not gonna hold my breath.
Imagine what BARC profits would be if base rate was 3.5%, which it was July 2003. Ahhh, halcyon days!!
1.98 today
“Again, whilst it may seem unlikely, it is not impossible. But would agree, at this moment in time the likelihood are long odds.”…. In relation to M&A activity for Barclays and the UK Banking Sector in general.
Good Morning bald_eagle,
In part-ex, yes, your responses are rational. I don’t have the figures or links at hand but just a 0.25% Base rate uplift has a significant affect on Profit uplifts for all UK banks. A quick search on Google would confirm.
As for my M&A example of Morrisons, what I was trying to emphasise was (but somewhat poorly LOL) was that bids materialised “out of the blue” for this sector, apparently from nowhere, with the market surprised as no rumours had even been generated that this may happen. Again, whilst it may seem unlikely, it is not impossible. But would agree, at this moment in time the likelihood are long odds.
Anyway, let’s see if the ‘sheep’ can remain in the 190p+ field?
All imho please MYOC and Good Luck My Friend.
"I did read from various sources that speculation of a small incremental rate hikes being brought forward for commencement within HY1 of 2022 now looked a possibility."
=============================================
Mr A, you have some good points I sort of agree with, it is just a matter of probability & the impact of BARC's SP. A small base rate increase is likely quite soon. The BoE will want to increase it a little bit (from effectively zero) to give it ammunition to fight inflation (if inflation becomes deep seated). But I'm not sure interest rates would rise to levels that would substabtially benefit BARC's profits...but every little would help I suppose.
The 'problem' is that the BoE seems to rely on interest rates almost exclusively to tackle inflation. At current base rate level we are extremely vulnerable to inflation with no mechanism to control it (perhaps they will find other ways to dampen inflation).....although the PM's comments on higher wages mush be causing Rishi to pull his beautifully coiffured hair out!!
Your comments on M&A is also valid although you started talking about the banking sector but had Morrisons as an example. I agree that Chinese & Americans have 'cash to burn' and would like to "solidify them into something more tangible." but I'm not sure the banking sector is probably high on their wish list....love to be proven wrong!
PUBLISHED: 22:07, 2 August 2021 | UPDATED: 22:07, 2 August 2021 The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss. CFO Ewen Stevenson predicts the base rate could start moving from mid-2022.
https://www.thisismoney.co.uk/money/markets/article-9853433/BoE-set-raise-rates-earlier-expected-says-HSBC-boss.html