Member Info for Angeleyee1

Hi All 👋.

Good week for the market, barclays close to its weekly high of around £4.46.

Tempted to sell & take some profit, however Trump usually provides some positive news for the beginning of the trading week, so will hold off, till next week🤞...

Please DYOR.

GLA 😁.....

Hi All 👋

Good news for the people of the Middle East & markets.

Hopefully, those involved will succumb to reason & agree, a permanent end to hostilities.

The market reaction is mostly positive, however there remains a note of caution & profit taking at present.

Plenty of institutional cash still on the sidelines, if news remains positive, the markets could head back towards the previous highs.

However there's still plenty of concerns lingering, a resumption of hostilities, inflation, oil price etc....

Please DYOR

GLA 😁....

Hi All 👋.

Postive day for Barclays & the wider banking sector in general. Natwest, Lloyd's & Barclays all regained the uptrend, with today's share price gains & decent level of Institution buying towards the end of day, helped support momentum & price.

Barclays was unable to break through resistance at around £4.13, hopefully tomorrow & then onto the nxt target of around £4.30.

Apart from the obvious, my main concern is the oil price, which has held up well today.

Please DYOR

GLA 😁....

Hi All 👋

CORRECTION : From my previous post.

fuel prices up 3\4 a gallon in the UK, its 3\4 p a litre 😑.

Trump has demanded the Unconditional Surrender of Iran, the Iranian say they welcome a ground offensive from the US 😐.

Neither sides, seems to be looking for a peace deal.

Oil is above $90 a barrel, which increases the risk of inflation & makes it difficult for the Federal Reserve to reduce interest rates & increases risk of a recession.

Trump needs lower rates to manage the US deficit & keep the economy from recession, fuel prices in the US are up around 10% & campaigning for the Midterms is around the corner.

The US\Israeli bombing has caused major destruction in Tehran & food shortages.

Ignoring the grandstanding from both sides, I don't think either side will continue the conflict for more than a few weeks.

Than again, I didn't think oil price, would get above 80\85 dollars a barrel.

Please DYOR

GLA 😁....

Hi All 👋.

Well, it's been a rather tough week for Barclays & the wider banking sector in general, it's likely to get worse next week, unless there's some light at the end of the tunnel, in regards to the conflict in the Middle East.

Investors have moved out of equities from regions, more sensitive to energy price shocks, such as the UK\Europe\Asia.

Gas contracts up around 30\50% across Europe this week, oil at $90 a barrel, fuel up around 3\4 pence a gallon in the UK etc.

This has dragged the ftse down around 6% during the week & with it the financials \tourist \airlines etc.

Please DYOR

GLA 😁....

Hi Mr A ☺️.

I decided to ignore my stop loss, similarly to last year after liberation day, hoping for a similar bounce.

Have added to my position in Natwest & will probably add some more Barclays, waiting to see if it drops to around £4.

All the best & thanks for you posts 😁.

Please DYOR.

GLA....

😒

My thoughts & prayers, to all peoples of the World, who are sick to the back teeth of War .....

Rookie 1

I could have sold out at £5 in the last few weeks, I'm not pulling the sell trigger, untill we hit £10, anytime now 🤣.

GLA 😁...

Hi Rookie1 👋

No offence, but hopefully not, I'm in the red on my recent purchase & want to see it heading in one direction only 😀....

GLA....

Hi All 😁

Just my thoughts, regarding some of the comments on this board on the recent downturn in the share price.

Expectations of the interest rate cycle turning lower, however banks have structural hedges, so the downturn in interest rates shouldn't have a major impact on Net Interest Margin for a few years.

Share prices have seen a big rally over the last few years, however the share price of the banks was very low, PE around 5\6, recent share price gains have the banks on fair value rather than expensive in my humble opinion.

I bought barclays stock, very recently in the anticipation of the share price rising on the back of full year results, increase in ROTE, share buyback, rising dividend etc.

Since nothing fundamental has changed, I shall continue to hold onto my recent purchase & wait for a better selling opportunity.

Please DYOR

GLA 😁....

Hi Mr A & All.

The banking sector has without doubt been a stellar performer over the last few years.

However, I don't believe the share price of the banks is considerably ahead of results & at present fair value.

On average the PE Ratio over the last 3 years for the sector has been around 7.8, even as high as 12\13 on occasions.

Barclays EPS for year ending 26 is forcast to be above 50, putting it on a PE Ratio of around 8\9.

Please DYOR

GLA 😁....

Hi Mr A & All 😁.

Hope you're all well & had a prosperous trading year upto now.

After sitting in cash for several weeks of last year awaiting the market correction that never came, a bit like Santa, finally took the plunge with BP at the beginning of the year.

Have now switched over to Barc, even thou I wasn't completely convinced opening a new position, before the weekend break with the possibility of something unravelling in the middle east, was a wise decision, however barclays share price was to tempting to ignore, especially with results on the horizon.

If price closes above 5.00 on results day will hold otherwise will sell for a small profit, hopefully 🫣.

Please DYOR

GLA 😁....

Hi Jimjam👋.

I'm still 80% in cash.

I've missed some opportunities, but there''s always another trade, my posts are simply my thoughts nothing more.

Wish you all the very best with your investments 😁....

Hi All

Share price dropped below 3.20 last week, completing a double top & entering a down trend.

Most likely will see a bonus before resuming towards the £3 mark & perhaps towards the 200 weekly moving average of 2.60.

Just my thoughts.

Please DYOR

GLA 😁.....

Sold most of my holdings last Friday, including my L&G stock.

80% in cash watching the markets go higher & having fomo right now.

Oh well, there's always another trade,rally, for now I'm going to sit it out.

Please DYOR.

GLA 😁.......

Has anyone topped up?

Was seriously tempted, when the share price dropped to 5.06 but managed to control myself from trading, something that I struggle with, especially when my portfolio is mostly in cash, as at present.

Natwest have been a fantastic holding for me over the last three years.

However, with the markets near all time highs, possible bank tax, interest rates likely to fall, reduced Net Interest Margins & the shares having such a strong run, I've decided to take profits.

Will look to reinvest if the share price falls below 4.50 ....

Just my thoughts .

Please DYOR.

GLA 😁 ....

It's become obvious "why the drop" the market always knows before, the average investor like myself.

As for buying opportunity, I would tread carefully, banking stocks have outperformed over the last few years, the sector may well be in for a period of weakness, upto the annual results nxt year.

Just my thoughts.

Please DYOR.

GLA 😃 ....

Profit taking, outlook for the UK economy, additional tax rises in autumn budget etc .

I took my profit earlier in the month & also on my holding in BP.

Will look to reinvest if the price drops to around £5.20.

Please DYOR

GLA 😁 ....

👋 Crossley.

Thnx for the reply, it's appreciated, I've read your posts earlier on the TW board.

TW is one of the shares I'm watching, I still think if I time my entry well, I should be able to make a decent return.

Famous last words 🤪 .....

Banking sector doing nicely today, will be looking to exit on strength.

Natwest share price could reach 600 by end of year, however I think there are better opportunities.

May open a position in Taylor Wimpey, good yield & house building sector has been in the doldrums for quite a while now.

Decisions, decisions 🤔.

Just my thoughts.

Please DYOR.

GLA ....