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I think the farmer forgot to switch the electricity on... 1.92 by end of the week and our sheep will be eating fresh grass on the other side looking at even better stuff on the ridge at 2.05
Morning Mr A,
comes to something when we are getting excited about a 1.9p rise. Just hope there's not a lawn mower on the other side of that fence!!
Good luck everyone,
saurus
eastern_investor, precariously close to 190p… nose of the sheep is close to the wire. Is today the day that the sheep jumps the fence and makes it to the promised land?
Good Luck My Friend
What would Barclays be without a lawsuit or two in the pipeline. Be like champagne without the bubbles. Got to keep the lawyers busy!!
I have shared this link purely because it mentions another small (by Barclays terms) lawsuit that has come out of the woodwork in the last week or so. As for their prediction for October 2021,I’ll let you reflect and respond if necessary. Hardly “Mystic Meg”!
Summary:
“ Barclays Share Price Outlook
The daily chart shows that the Barclays share price has been on a rebound for the past week. At the time of writing, it was trading higher at 188p. It is moving above the 25-day and 50-day exponential moving averages, which is usually considered a bullish sign.
Therefore, the BARC stock price is likely to extend its bullish outlook in the upcoming month. If this happens, the next logical target will be the key resistance level at 190.90p.”
https://a3musiconline.com/shares/barclays-share-price-forecast-for-october-2021/
There was a sell off tech stocks banks stocks will take off again same as last summer!
Brilliant, well said eastern. :-) personally I think it’s now safe to go over the fence and wait for the grass to grow before having a very good lunch.
Over 2.00 - told U
Gosh that grass on the other side of the 190p electric fence looks nice... I wonder if that fence is live ?
"REWARDS:
1. Trading at 20.8% below our estimate of its fair value.
2. Earnings grew by 328.3% over the past year."
======================================================
The above strikes me as rather odd. 'Estimate of fair value' is rather a silly metric (IMO). Clearly each analyst has their own 'estimate of fair value' (or equivalent) but it has almost no meaning. It's like asking 5 estate agents to value your house and choosing the one that values it the highest....it has little bearing on what the house sells for.
The second metric - 'earnings growth of 328%' - is just plain daft given the year we have just had....it is just the inevitable bounce back after lockdown.
LeeRex, genuinely sorry to hear that this stock did not return any real profits for you.
Good Luck for the future my friend.
This piece is clearly from a U.S. perspective but on the basis stock movements of the U.S. ADR’s and the UK shares are intrinsically linked means there is some relevance….
https://www.forbes.com/sites/greatspeculations/2021/09/27/barclays-stock-has-a-15-upside/?sh=20dc32c87ca2
BARC Overview
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, rest of Europe, the Americas, Africa, the Middle East, and Asia.
About the company
REWARDS:
1. Trading at 20.8% below our estimate of its fair value.
2. Earnings grew by 328.3% over the past year.
RISK ANALYSIS:
1. Earnings are forecast to decline by an average of 6.5% per year for the next 3 years.
2. Unstable dividend track record.
Summary:
“ What Might The Insider Transactions At Barclays Tell Us?
It is good to see recent purchasing. However, the longer term transactions are not so encouraging. While recent transactions indicate confidence in Barclays, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. In short they are likely aligned with shareholders. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Barclays (of which 1 is a bit unpleasant!) you should know about.”
https://simplywall.st/stocks/gb/banks/lse-barc/barclays-shares/news/group-ceo-executive-director-james-staley-just-bought-29-mor
Well, for the first time in maybe 4 / 5 years, I longer have BARC in any Holdings.
Sold my last batch of holdings just now. I was always stuck in the red, after a few minimal / play trades, I've managed to scrape a pint out of the troubles with a final close ticked into blue. With inflation, I've had my pants pulled down the past 5 years. Hey Ho
I'll transfer the funds into my ISA in 3 working days time, it'll sit there for................ Not sure what yet, maybe wait to see if Covid 22 comes out
Good luck guys !!!
bald_eagle, the “snap” back was somewhat predictable, as I suspect you have already insinuated. Not a huge amount of Barclays “news” knocking about at the moment. I will scout around over the next day or two and post anything I believe may be of interest.I hope you are well my friend?
My bets are on around 2.00 next few days
The elastic band must be getting very taut!
eastern_investor, if it does not clear the fence in the run up to the Q3 Results or within a few days thereafter then i am consigned to believe that sadly it may not happen during 2021?
I hope you are staring at profits? God luck my friend.
saurus, following the death of the father in law in June, things slowly appear to now be getting back to "normal"... certainly in relation to the mood of the lady wife, a strange old emotion is grief. I hope all is well with the family and Alfie and many thanks for your kind words once again. Yes... having missed at least 3 swings to sell towards 188p, then wait for the drop and buy back in, i wasn't going to let this opportunity pass. I still have one foot in this camp with my medium to long term holdings so let's see what the run up to the Q3 results bring. Glad to hear that you have also had some "good luck". Long may it continue for you and all other investors however they play the game.
All imho please MYOC and GLA.
Mr A, well done but this is surely going to get zapped by the 190p fence shortly ?
The SP should go up more as the shorters hedge their losses.
Well done on you profit Mr A. Hope you and yours are well.
I also sold another tranche for 187.48p. Profit wise have done much better with NWG and VMUK over recent months.
Apart from some short term price rises, share buy backs haven't imv achieved what was hoped for.
All the best,
saurus
… my Limit Order at 187.00p was triggered. Sold 5 months after purchase. I didn’t get anywhere close to my 10% but will take circa 6.25% Gross Return. £1,875 net proceeds after all costs. Should pay for another holiday.
Good Luck All!
Gap watch - Barc
Based on LSE tech chart
27th-28th July 21 - 170
11th-12th Aug 15 - 278
IMO - need to close that gap at 170 so we're free to move onward and upward