Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not conspiracy drivel at all, there is a social credit system in China and in case you hadn't noticed London is a giant LTN. Yeah let's abolish cash and give the government even more control with a digital currency what could go wrong? I mean when they took over for COVID they didn't print 500bn, lock us all up and thrust experimental jabs in us due they?
Only around 10% of the USD is in physical notes already; this is nothing new and not designed to eliminate the physical cash.
Conspiracy drivel. Fake news.
https://www.federalreserve.gov/faqs/is-fednow-replacing-cash-is-it-a-central-bank-digital-currency.htm
Https://finance.yahoo.com/news/barclays-latest-firm-face-anti-200655642.html
Looks like the ESG lot have not done us any favours.
Absolutely agree freddieboy. I go to the atm every Monday and draw out £200 for this weeks spends purely to keep cash in use. The day it all goes digital the governments will overstep the mark and abuse that power by programmable money. Obviously they will pass this off as something good to start with I.e those on benefits can only spend their money on food etc (all very understandable) but you can be sure they go further and abuse that power in other areas.
Just another link in the social credit system they are building for us.
Don’t get me started on the 15 minute city’s and how digital currency’s and facial recognition all go hand in hand.
Time for a lot of people to wake up.
Norway wealth fund to back Barclays CEO, chair at AGM
The trading floor of Norges Bank Investment Management, the Nordic countryÕs sovereign wealth fund in Oslo
OSLO (Reuters) -Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, supports the reappointment of Barclays CEO C.S. Venkatakrishnan and Chair Nigel Higgins to the British bank's board, the fund manager said on Saturday.
Norges Bank Investment Management (NBIM) will also support Barclays' proposed bonus policy change for so-called material risk takers (MRTs), like it recently did at rival bank HSBC, an updated list of NBIM's voting intentions showed.
The change, if approved by shareholders, will allow Barclays and its subsidiaries to reclaim full discretion over bonuses payable to MRTs, after Britain last year threw out EU rules that capped such payments.
Barclays is due to hold its annual general meeting of shareholders on May 9.
Barclays' share price is up 32% year to date, beating a 16% rise in the wider European banking sector, after underperforming rivals in recent years.
The bank in February laid out a three-year plan to revive its flagging share price, including cost cuts and returning 10 billion pounds ($12.54 billion) to shareholders after a period of management turmoil and underwhelming results.
NBIM as of the end of 2023 held a 1.61% stake in Barclays valued at $477 million, the fund's most recent disclosure showed. It remains the bank's 7th biggest shareholder, according to LSEG data.
SOUND THE ALARM ON THE DIGITAL DOLLAR
FEDNOW IS NOW LIVE
CBDC Phase 3 Coming 2024
The Federal Reserve Bank of New York just issued a digital dollar,
Replacing paper money with nothing more than a government controlled computer program.
This shocking development now means 290 million Americans will be forced to use the Fed's digital dollar as soon as November of '24.
It's crazy. But while the establishment media is hush-hush about it, many experts are sounding the alarm, including leading voices like Joe Rogan and Tucker Carlson.
Even the president of the Federal Reserve of Minneapolis recently warned that the Central Bank digital currency is a way to directly tax you and track all your transactions.
BUT…
There is a way for Americans to legally opt out of the digital dollar and protect their freedom,
And hard earned cash, Before it's too late,
Everything is clearly explained in this New guide
Please don't wait,
Or you'll give the government FULL control over your money and you'll never have it back.
After May 2nd purchase, BARC total share count dropped below 15B ordinary shares. It has used £395M.
It seems as the number of shares purchased each day varies quite bit. In average, they used £8M for buyback each day. This pace will allow buyback covers everyday with £2B fund a year.
From July 2023 buyback to May 2, 2024, Barclay has bought back ~560M net shares (after offsetting employee stock dilution).
With this pace, we may see total share counts below 13B after 2026. My estimate shows this will add ~£4.5B TNA. By 2026, TNA will be ~450p. Applying 0.8x, we should see 360p stock price exiting 2026. This is with the assumption that there is no deep recession from now to 2026. Let's see how it goes.
Absolutely possible.
Rookie
Using "history repeating itself" we could just as easily hit 2.90.
Sold another third of mine, seems to be on the downward trend, only made 13p per share but better then being 30% down like earlier this year
@Let1tbe - TA is a visual representation of what buyers and sellers are doing with regards to a particular instrument, nothing more nothing less. How we interpret that for our own trading decision is up to the individual, it doesn't represent manipulation, its just data.
I'm not sure 150 is coming but it doesn't seem to be breaking out of this trading range. Possibly because there is nothing much going to happen till q2 results so the share price is likely to drift until then. Wrt valuation Vs other banks barc is still very much discounted Vs their peers. Let's see what they announce at half year on divi and earnings, until then trading this share is likely to be a good strategy.
History repeating itself is.
180p is also my re-entry point, based purely on gut feeling.
What will get it there? Probably another scandal.
History is not the greatest yardstick for investment decisions.
It’s definitely not a dead cert, but it really can help identify entry and exit points.
I’m looking for 180 in the short term
I'm never sure about TA, cos to even talk about it implies market manipulation surely, i.e defending stops that may take it through that support or resistance, anyway that is a whole other conversation, and it is rarely accurate except in hindsight , or when traders 'want' it to be.
Frustrating day for barc today given all other banks have risen well, I suspect looking back over the 6 month chart barclays have risen possibly unpropotinally (almost 50%) compared to lloyds and scb both below and hsbc nwg both above, both those guys with higher earnings, maybe market trying to level it out
Who really knows what goes on, but it sure ain't always about supply and demand.
Hi JAYk.
I’m keeping my TA a bit more simple, rsi is overbought and macd looks like it’s about to trigger a downtrend (but hasn’t yet) and we are at a major resistance level. That alongside the current state of everything I think this is a great position to be short.
I don’t like talking too much about shorts on the BB because I don’t like talking down peoples investments, however last time we were at this level I said £1.50 would be seen before £2.50 and I still feel the same way now.
That being said, I could be completely wrong so DYOR. ATB
Sorry thats ment to say *also now a flag forming*
@Rookie, hope your well. Yes there is consolidation on the Daily chart right now, and that's all it looks like imo. Pull back wise I guess your looking at the last high of 195 where there was consolidation and a pull back? If any pull back i would expect 195 ish, which teams up with around 38% retracement which was a similar figure of the last pull back before this leg up. Right now its sat on the 23.6% so could this be a strong support level, I dunno be the consolidation candles look very tight, also not a flag forming on the daily chart, usually means the next leg up is coming. But anyhow thats just how i read it and have been completely wrong in the past! Best of luck.
The dow Jones did fall back considerably from its day high, maybe that's why barc has fallen back today
I must be looking at different charts to everyone else? All I can see is a pull back due.
I agree, but it's clearly struggling today!! May even fall below £2...as much as I hope not!!
Fair play Moby. Like you I have been in this for years. Still have a fair few but will be sticking around a bit longer.
I have also been having a little play with CVS https://www.lse.co.uk/SharePrice.html?shareprice=CVSG&share=CVS-Group that has plunged from the heights of £20+ to below £10 in last 6 months or so due to a pending CMA enquiry into UK Vets. AIM listed. Like this it forever seems to get stuck in a zone, so just waiting for a breakout!
Good Luck and pop in and say Hi :)
Best of luck with your investment choices moby you could be making a wise choice.