Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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All in jest falky at least you made a profit on that trade which is doing better than me and I know that on some of your trades you make a lot of money
Mr A, thank you. I have learned now not to panic when the price drops but try to look at it as a top up opportunity. Hopefully, we can get some direction soon as to which way this share is going. Fingers crossed.
Sunny63, drip buying to average out seems like a good strategy.
I wish you every success my friend.
Sunny63, topping up on dips sounds sensible. Today should give some indication as to the current trend of the price movement of this stock i.e. with the FTSE100 looking to be trading today within the bracket of ‘flat to a small/moderate uplift’ then will this share follow by association? Is it just me or does it feel like it’s been a hell of an almost long week since last Fridays’ Results?
Good Luck My Friend.
Mr A, thank you for your kind wishes. I have also topped up at 1.75. Barc is my main investment. Now have a modest holding consisting of all sorts of prices. Plan to keep adding little chunks on further dips to keep averaging down and happy to take some small profits along the way as the share price rises. Hope for the best. Good luck to you and everyone with their investments.
Sunny63,
Many thanks for your kind words. I’m not sure of your current position with this stock. But if you are holding, then I keep my fingers crossed that you are staring at profit?
Good Luck my Friend.
dividendchaser,
“you even got a trader bought at 174 today and sold at 174.82 maybe he made enough for a happy meal at McDonald's?”
Ha... ha... ha... made me laugh. Well done!
Well, just wish I'd had the courage to dive in today, even if it only paid for a Mac. I'm a long time looser with BARC and most time my toe goes in , the price falls and to become deeper in the mire. Changed strategy selling three quarters of holdings at high points to buy back when price dropped. Bought back too early as it has transpired. Just wondering about newer strategy.
It seems the Footsie is now ploughing its own furrow, buoyed by the success of the vaccine programme and is beginning to get its due for being ahead of the recovery curve.
I just think there was a short attack by hedge funds creating an opportunity for day traders and weekly traders to get in at about 171 and sell at 174 you even got a trader bought at 174 today and sold at 174.82 maybe he made enough for a happy meal at McDonald's
Indeed it was. What does it say about the previous two days trade?
Mr A, as always a very well thought through and balanced analysis. Thank you for sharing. Good luck everyone, hope we can all make some good money from this mini correction.
dividendchaser, you make some fair points. Short term though, personally, I have moved from a neutral position to a positive one... certainly until September anyway where storm clouds may have formed? My naive rationale includes:
1. Booming property sales still to feed through to the bottom line of Barclays.
2. Dividend Policy may* secure more Institutional Investor Funds ( on behalf of Personal Investors) whom only purchase Dividend Paying Stocks.
3. Lockdown being confirmed as over for the UK meaning a feel good factor returning along with sales in the entertainment and food and drink sectors.
4. Disposable Income of Mr and Mrs Average being used to spend, spend, spend here in the UK.
5. A significant increase of UK staycations meaning more income being spent here and not abroad.
6. Euro 2020 being played in June 2021 proven to show an increase in alcohol, food and related sales to the UK economy.
More than happy for someone to balance out the positives with negatives including:
1. End of Stamp Duty in June.
2. Bounce Back Loan Defaults to commence in June?
3. Increase of Inflation.
4. Failed Business numbers to filter through from September onwards.
5. Furlough to end in September.
That said, the world seems to be short term and I think the positives outweigh the negatives in the stock market.
I stress all imho please MYOC and GLA.
After slowly winding down my position over the months, at a loss, I did keep a token amount as there’s a little sentimental aspect for the longevity of me holding BARC
I topped up with a measly £850 odd @ £1.77..
Again, I timed it wrong. But I rarely get it right.
GLA
It was the same under Bob Diamond as it is under Staley, they are investment bankers who are used to getting big bonuses and see nothing 'odd' about handing out big bonuses to investment bankers for mediocre performance....a bit like the adage "pay peanuts get monkeys", although they seem to think if you give a monkey a massive pay packet it will be able to perform brain surgery!!
Just a suggestion, pay people on performance NOT on how you want them to perform. If a football team wins lots of matches it gets a bigger bonus than a team that loses most of theirs.
A decent little read this morning from the Evening Standard (Daily Mail).
FTSE 100 set to jump after tumbles yesterday as Barclays bonus plans come under scrutiny.
Barclays shares will be in focus as it tries to convince investors it is right to be bumping up the amount of cash it sets aside to pay big bonuses to staff. Last week, chief executive Jes Staley set aside £335 million extra for the bonus pot for the first quarter for his investment bankers.
It’s optional whether he pays that all out, but markets have been taking a dim view, punishing the share price brutally on Friday.
His attempts to explain his thinking yesterday to analysts only led to more selling amid fears of a political backlash at a time when so many Brits have been suffering poverty from the Covid crisis.
Staley argues that if he doesn’t compete with the Wall Street banks on his turf, he’ll lose his top talent, and surely that argument holds some water no matter what the UK politicians are likely to say.
Given that he is the one UK bank with a proper investment banking arm, Barclays will get more political and media heat over the issue than Lloyds or NatWest, which shrunk their investment arms after the financial crisis.
Investors today, however, may feel that the weakness in the share price has gone too far and begin nibbling at Barclays stock again.
https://www.standard.co.uk/business/ftse-100-shares-barclays-ao-world-ocado-b933269.html
I cannot put it better myself PSK
Any future market crashes I will keep away from ftse 100 companies, Much better investing in US companies as they don't follow anyone. The ftse is a tin pot outfit that cannot think for itself!!
Problem is Mr a despite the success of the vaccine rollout the ftse 100 is always looking for an excuse to go lower just look at today ftse 100 about a 100 points swing from being about 50 points up to be 46 points down because the Dow Jones had a slight wobble of course we are going to have more days like this and if Barclays drops 5 to 6 p every time then we are looking at sub 160p
...What with the Dow Jones clawing back an almost 350 point loss at one stage to finish at 9.00pm UK time up a minuscule 2 po8nts and FTSE Futures all currently looking positive at the moment.
*should = No guarantee