Member Info for Amichalskiuk

Finally managed to get shot of this at a 25% loss. If you are bullish, I wish you the best of luck and hope it works out for you. I’ve seen way too many like this over the years though, with promises and a never ending share price decline. Sorry, it’s not worth the risk for me.

I’ve marked this as strong sell. I had a small amount of £1000 and being 20% down triggered my personal stop loss area wanted to sell. I only managed half the shares and the others, no matter how small an amount I try and sell, have zero buyers! Big red flag people.

I really don’t understand why we dropped 5% on market open this morning. The only news I see is that they are looking at USA onshore exploration. Why is this a bad thing?

Seeing as it was 65p last October, it has shot up. In fact it is the biggest gainer on the FTSE in that time.

Sorry, a repeating to 7 times forward pe would be over 60% rise, not 40%! They could be ripe for a US bank takeover at these prices surely?

I really don't understand the absolute negativity surrounding barclys in the markets. Every tip sheet, broker etc says they are wildly undervalued, yet they keep going down. Biggest loser at the start of today of all the UK banks including Metro, who are a basket case! The market is valuing Barc like they ar in danger of going bust. Absolute nonsense. I guess at some point the short sellers will bail and the price could do a relatively quick zoom to 7-8 times earnings, which would be about 40% plus up from here. The valuation is bonkers at the moment!

If 411 gives way on an hourly close then it looks like 395 will be in play for the 2022 low. The big problem for value shares is that there are quite a few on very low valuations qoth high focus at the mo, so lots of choice. Barclays, Lloyds, L&G, M&G, Imperial, to name a few.

I sold early this morning and am trying a shirt sell, so it is almost guaranteed that this will continue to rise today and depart from the usual 'up in the morning then drop' scenario!

Playing out again today...

Its seems every day at the moment is the same. An early rise then a drop. The brace could have increased their holding by selling early and buying back later the same day, especially on the leveraged product. Has anyone done this? I'm not brave enough!

It seems whenever there is bad news, Barclays moves down much more than Lloyds and vice versa when news is good. Today Lloyds had dropped 3 times less than Barclays, which looking at the Q3 results is nonsense to me. Barclays is the lowest rated bank on pe ratio yet gets hammered. Punished for the past year's idiocy and a distrust that they won't mess up again in the future?

A friend posted this on FB. Could be why financials are weak today.

Banks stock prices are being hammered. These banks are being forced to sell their own stock and dump it to get hold of liquidity.

Last 24 hours ??

1.PacWest -36%
2.Western Alliance -31%
3.Metro bank -27%
4.Homestreet -23%
5.Zions bank -15%
6.Keycorp -9%
7.Harbor One -10%
8.Citizens Financial -12%

Today we have the FOMC, will they hike rates and continue to destroy the banks. Crazy 24 hours ahead of us.

So Barclays smash expectations and the day after NatWest disappoints, so MMs mark Barclays down with them. How that makes any sense whatsoever is totally beyond me. It seem ls UK banking is the most hated sector all round in spite of huge moats of funds around them. Barclays current rating is laughable.

Let's hope for a move ove the next few weeks to nearer £2. I'm sure some analysts will manage to put a negative spin on these results somehow though, as they really don't seem to like UK banks at all at the moment!

Any ideas about what's behind the move up late morning? I saw an announcement a class action against BARC wpth regard to the miss selling last year but this is negative not positive, surely?

#crunchynuts, thanks, it seems I was misinformed by a media article I'd read. I appreciate being corrected.

The problem is that the number of shares compared to a year or so ago has hardly changed. The US banks are buying back way more shares. BARC should be doing the same while prices are this low and the PE is a ridiculous 5 point something!

Every day seems the same at the moment. Up in the morning then the US come in and start selling. No broker has BARC as a sell, with the consensus 220 and the lowest forest 205. With all the buybacks and the forecasts, it's beyond me what's keeping this in the 150s

After disposals, which are slightly higher than first thought, I believe, the debt pile is down to what it was before the pandemic, if I'm not mistaken. Also I read in the results that once paid off, there will be no debt at variable interest rates. To me, that means certainty and a ready for growth. I make no predictions about the SP but 80s seems a damn good level for buys to me, especially as the price was over 100 a year ago with about 50% more debt, doubts over flying hours, not as much diversification etc. At some point there'll be a re-rating. Also I'd not get too taken with result day price movements. Barclays went down 8% to 150 last week on results day and are now at 164...

After disposals, which are.sligjtly higher than first though, I believe, the debt pile is down to what it was before the pandemic, if I'm not mistaken. Also I read in the results that once paid off, there will be no debt at variable interest rates. To me, that means certainty and a ready for growth. I make no predictions about the SP but 80s seems a damn good level for buys to me, especially as the price was over 100 a year ago with about 50% more debt, doubts over flying hours, not as much diversification etc. At some point there'll be a re-rating. Also I'd not get too taken with result day price movements. Barclays went down 8% to 150 last week on results day and are now at 164...