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Looks like Barclays couldn’t make the 5 day positive run then? JayK and Rookie1, looks like some of the steam may be starting to be released as you both correctly suggested. Dow Jones took a reasonable tumble having just closed down (9.00pm UK time) by 561 points / 1.76%. FTSE100 Futures, unsurprisingly, looking red for the open tomorrow by 53 points / 0.80%... with the caveat that there are just short of 11 hours before the open so could deepen a little further? I’ll remain patient with my ‘L’ plates as a Swing Trader and see if an opportunity of circa 1.39p presents itself?
Good Luck All
@Mr A. Oh for sure. Although they have restructured, to become just a small low budget Scandinavian airline. Government own 30% of it. Just a small punt mate, what i can afford to loose. Like i said its a sit and leave and hope the growth comes back post covid.
Precisely one week since the Year End Results, will today mark a continued and successive 5 day Positive Rise?
@JayK Norwegian Air Shuttle.... if you excuse the pun, a true “boom or bust” stock. As long as you haven’t thrown the kitchen sink at it, could be one to tell the grandchildren about... whichever way it pans out. Enjoy the ride!
Good Luck All
@Rookie & Mr A. The Big Short is a great movi, crazy thing is that its real and accurate. Barc is at 75% retracement fib at 1.64 from pre Covid level on my chart. A short is tempting, but the false boom seems like its winning at the moment.
Punted a few K into Norwegian Air Shuttle as a leave it and see in a year or two. DYOR.
Rookie1, “The Big Short”... I’ll put that on my Saturday Night movies to watch list. The Wolf of Wall Street is a great film to watch... but a warning that it’s not a family film. Lots of sex, drugs and stocks and shares... based on true events and proving that not all that much has changed in the last 30 years or so.
All imho please MYOC and GLA
JayK... I’m also a member of the “I’m waiting patiently” camp.
Good Luck my Friend
Good Evening causal, Lloyds... I left them alone, never took a punt. Can’t get excited by them.
It would be fascinating to find out the truth of the reasons for the rise or fall on the markets. What is the true reason for the continued rise? Institutional Investors? Private Investors? A confidence that the worst of Covid is now over meaning Bad Debt provisions likely to be reduced? Barclays having significant exposure to the Oil and Travel Industries meaning if they have a good day we have a good day and vice versa? Your guess is as good as mine. On a personal positive note my medium/long term lump averaged at 120p is looking better than expected but in no real rush to do anything with it. Someone on the board said 170p was a coming... and I retorted with “Yes... but not until Q3”. It may well be that you are proven right and I am proven wrong. My sincere apologies as I can’t remember who the poster was but will say... Well Done... almost there.
Good Luck All
Mr altruistic,
Definitely mate, it’s set up a nice little rally and I hope some LTH are getting a chance to recoup some losses off the back of it!
I was beginning to think the US stimulus wasn’t going to happen but as you say it does sound like it’s still going ahead,although I also see it being an anti climax event aswell.
JayK I’m glad you guys see it the same as me as sometimes I really do question myself, it feels like the scene from the ‘big short’ where they are getting margin calls and thinking they have called it so wrong( maybe we have) but it just seems so false at the minute!
If anyone hasn’t seen that film I highly recommend it!
ATB everyone
You don't understand?
Look at the TNAV!
The value of your wallet is not the cost of the leather, it also includes all of the money in it.
Agree Rookie. that's what I was feeling last week hence selling my whole stake. But the market is a crazy thing, at the moment money is being pumped in, we will feel the pain once we see the aftermath maybe. I'm waiting patiently.
Morning MrAltruistic- did you have a punt on LLoyds, when looking at Barclays is one of the strongest on books, on the high street.a lot of profit linked to USA, if the dollar drops against the pound, which it will affect a lot of its major profits ,hence reflecting share price.
Rookie1, the Banks were still rising on the back of some good news feel factor of a defined Covid roadmap. However, Rishi’s Budget of next Wednesday I suspect will deflate this balloon? Apart from the potential US Stimulus Package which if it ever arrives, may become a market anti climax, I really can’t see any significant good news coming until the start of Q3 / 1st July.
I stress I know no more than any other person, this is all Imho please MYOC and GLA.
Can’t believe this is still rising to be honest, it caught me out for sure but kept my loss to a minimum on the short. Still think this is insanely over valued, 20% of pre covid levels? Madness!
kassam83, purely from memory, I remember when the 2018 full year results were announced in February 2019 they announced share buybacks were to take place in the future. I suspect a search of the London Stock Exchmage historical searches may give exact dates and amounts?
https://www.londonstockexchange.com/news?tab=news-explorer&headlines=76&period=lastmonth&namecode=BARC
Hope this helps my friend?
The article on Bloomberg dated 18th Feb said buyback would begin within weeks. Would hope to have RNS within next 7 days, and see further uplift for the on the announcement or when buying pressure comes in.
Time to hold on.
MrA was September 2002 the last time Barc did a buyback?
Thanks again Mr A. Will look out for the RNS.
Trading DAY...
Forgot to mention... there is a free “Barc Live RNS” icon on this site. If you are using an iPad or PC it is two icons to the right of the “Barc Share Chat” icon. The announcements tend to (but not always) be made towards the end of trading name, certainly after 4.00pm
Sunny63, not trying to Labour the point but as an historic “copy and paste” example from 2002, this states at 4.21pm on 11/09/02 that Barclays purchased and cancelled (same day) on 11/09/02 800,000 of its shares....
REG-Barclays PLC Purchase of Own Securities
Released : 11.09.2002 16:21
.
RNS Number:0698B
Barclays PLC
11 September 2002
Barclays PLC
SHARE REPURCHASE
Barclays PLC announces that on 11th September 2002 it purchased for cancellation
800,000 of its Ordinary shares at a price of 444.12 pence per share.
This information is provided by RNS
The company news service from the London Stock Exchange
END
POSGUUUPBUPPGMG
Thank you Mr A for the information.
Sunny63, if a Company buys back its own share (for cancellation) it has to make a London Stock Exchange RNS (Regulatory News Service) announcement on the same day. No announcements made so far https://home.barclays/investor-relations/investor-news/regulatory-news/
no
Does anyone know if the share buyback has already started, possibly contributing to today's rise? Wish today's rise to 1.60 had happened on results days last week! good luck everyone.