Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Looking at Barcs SP on the monthly view:
From the close SP of around 343 on Sep '09 (yes, 10 years ago) it looks like the maximum open/close SP has been trending downwards by around 1p/month. This trendline is formed between Sep '09 and Jul '15. I believe that the doji formed the month afterwards, Aug '15, which would set the upper price limit @265p in the current environment.
The lower trendline, starting July '12 @148p possibly extending back to May '09 and Sep '11, goes to Jan '19 @156p with only one brief break at Jul '16 so very gradually rising. I believe that this is displaying a fairly committed baseline price.
As such with the current SP showing at 159.9p, all things being equal and no adverse events occurring this could be a good price to go long as there appears to be very little appetite for the SP to go south from here. Caveat: "all things being equal and no adverse events occurring"
In that period the ATR has been constantly deflating from around 106p to be currently 24p so a lot of the price action has been "lost".
Feb '19 and Mar '19 both show as dojis (on monthly view) and depending on what happens between now and end of play on Tuesday, April could also post a doji. This is most likely a "wait and see" condition with the markets uncertain about the UK government's next move and murmurings of further possible US/China disagreements.
The stochastics look to be strengthening with %D rising from 24 (Jan '19) to 47 now. However the gap to the K line is narrowing so buyers' impetus may be slowing down.
As such where the SP goes from here, on a monthly basis, is currently pretty much a "coin toss". If the SP falls then there doesn't seem to be any real want to get below 156, as previously stated. To the upside then the trendline suggests a max price of 265p. So there is a pretty good risk/reward on that basis, 3p down 97p up.
From here the next "expected" price to the downside is around 145.4p which is below the perceived 156p "baseline". Any close of the 156 price could be a sign that a new trend to the downside is forming.
To the upside the first target (on fib ratios) is 174.2p. If the SP was to break and close above that then it looks like 203.1p and further 220.9p are achievable.
If you do take a position please remember to keep a watch on your position as, in line with thew three dojis, this could break either way although the reduced ATR suggests that any initial move won't be too big, relatively.
Me personally, I'm doing OK playing with basic commodities, Barcs doesn't offer enough movement to be tradeable, I think.
As usual, DYOR.
GLA, and if you do take a position may your trades rise with you.
Anyone else using the new 'beta' version of the LSE website yet? I think it appears "tidier", much more C21 than mid-90's kiddie site.
On my first "brief" viewing it doesn't seem to offer any "new" features, at least not obviously. It looks more like a re-skinning of the original site, but it does look tidier so that's a plus.
Ahh.. just noticed, it looks llike the share price , bid and ask prices at the top of the page are "dynamic". Not sure how current those prices are, probably market+15 mins like the share prices on most other public access websites.
My filters have carried over, so I'm happy with that. Let's see whether they're more responsive to complaints about 'problem users', hey? :)
"Stop listening to the Barbedwireless. Boomer. Suffisex"
Oh my god. Is it trying to run down other posters again? I'm not going to bother to unfilter to see which one of the alter egos have spawned whatever detritus is being flung at me. There are just too many alts in the list, although I was able to prune a couple of now non-existent nicks from that list a while back.
I cannot speak for Boomer or Suffy but I can say that for myself, I try to base my opinion on what I see as currently playing out at the time of posting. Yes, my "opinion" on Barcs has changed over the last 8 or so years but that is because the facts presented to the markets indicate that things have fundamentally changed in that time. Plus, my attitude to the market in general and the methods I use to employ my money have changed, too.
As what I post is my "opinion" I do try to back that opinion up with "the facts" as presented to market. Don't always do that, but I do try most of the time. By doing that people who take the time to read my ramblings can look at what I think are "the facts" and either judge what I've typed as "credible", or "lunacy". I don't say that I'm right, the market can change faster than it would take to type that phrase and so would prove me wrong.
I do, however, try to "put clothes on my argument", for why I think the way I do about the situation as it is at the moment. I do also "try" to take in the viewpoints, opinions, facts and fact-lets that other people post on here. If I don't agree I try to see if I think it has any validity, or maybe just move along to the next posting.
I (generally) do not try to shout other people down. There is no point to that. If you don't like what someone else has posted just ignore that posting or, filter the poster. Simple as that. Life is too short for dealing with flamewars. With that said, there have been some posters in the past who I have thought have demonstrated that their peepee can't be that big otherwise they'd have something else to do with their hands than type meaningless dribble onto the board.
If this board's "damage case" must throw shade at people in particular it probably means that those named are speaking some form of "sense" and that he just can't handle it. As such, he validates those he attacks. He inadvertently "honours" those people by recognising their contributions to the board.
It is just a shame that he, and his numerous alts, can't aim to produce anything that is of worth to the board. Then people 'might' actually think that he possibly "has a clue".
Thanks for the heads up. I missed the inital post because of the filter! :)
GLA ATB
Thanks for your reply. I'm angling towards taking a position in FeverTree but, obviously, don't want to get on the wrong side of any dramatic movement in the SP.
Thanks for your comments, they've been useful.
Good luck all, whichever way the cards land.
Hi all,
first time here as I'm interested in maybe catching some of the potential upside on Fever-Tree.
The "preliminary results for year ending 31 Dec 2018" are due to be released this Tuesday, 26 March.
So genuine question: what do you think the report will show, and how do you think the market will take these results?
Analysts have apparently are "forecasting" that results will be ahead of expectations, but that relies on analysts actually being in the right ballpark and direction.
Anyone care to share their thoughts, findings, opinions on how the report will be taken?
GLA ATB
If you look at the top left corner of this page, you will see a link labeled "BARC Share Price". If you click that you will get the "current"[1] SP and won't have to keep dumping a posting to get a price.
[1] I assume that this is the "15 minute delayed" SP that most websites push onto their pages. If you want a "live" price then you're probably best to go through your own broker's website.
ATB.
Hi bertram, not too sure I agree with this bit:
> Short selling is highly regulated .... because it is prone to manipulation by dishonest short sellers who may use
> unethical tactics to drive down stock prices.
"Short selling" through most products like cfd's and spread bets does not affect the share price as those products are deal contracts between the trader and the dealer. No stock is actually sold so the price is unaffected.
If you wanted to deter unscrupulous trading practice you'd be better off banning internet message boards where anonymous people can post scare stories, usually backed by some poorly researched "news" story or other anonymous blog sites.
> “Short and distort” is an illegal tactic used by unscrupulous short sellers wherein they short a stock and then spread
> rumors and innuendo to drive down its price.
Like you said, spread rumours and innuendo. It's the "bad news bears" who cause fractious, uncertain investors to dump their holdings.
A few years ago I too thought that short selling was bad and wrong. However looking into it I found short selling in itself is a necessary feature of any market. For instance it enables the real world end users to trade while hedging their deal prices against any adverse changes to the market. If I have to get £X/tonne on this coffee I'm trying to sell why not take a short on the price of the coffee? That way if the price does fall then while I lose out on my £X I make back on the short. If the price rises then I'll make more than £X which I use to pay off the short. Either way, I still get £X/tn which is what I needed.
As for shorting shares, no shares actually change hands so the price is not affected so shorting a stock cannot, in itself, "cause a run" on a stock.
If anything it's the "fake news"/"bad news bears" who should be routinely rounded up and shot. No last requests, no final cigarette, no blindfold. They deliberately try and cause panic to get people to "run away!". Hang the lot of them, I say! :)
Anyway, sorry to disagree but most short selling in itself does not affect the SP. It's the BS merchants hanging around the edges who cause the damage.
Have a good time, ATB
> Can you explain why the price is 1.56????
Because that's what the stockmarket currently says is a good price for the share. Do you actually know how a market works?
There really is NO OTHER REASON, NONE AT ALL, why Barcs SP is currently 156 than that the market, as a whole, is prepared to buy and sell at that price. Simples!
> It's the 10th time JB predicted that Barclays fall after LLoyds rise....can you explain why he is always right????
10th time, you say? My, that's some pretty committed "research" you've done there. Care to post the date/times of when you....errrrrr... JB supposedly made those guru-like "predictions"? Could you maybe post the SP at the times of your... sorry ...his great "predictions" and the strike dates and prices of when they actually came good?
Go on, I can wait.
> If JB is the village idiot
Supposition, m'lord! I didn't give a name so you cannot accuse me of denigrating any particular poster. As for "village idiot" I think that any village would've run that particular person out long ago. How's life living in a ditch going for ya?
> and you obviously rate SUFF
Supposition again, m'lord! There was no inference in my earlier posting that I "rate" SufcEssex. I merely welcomed them back to the meeting. That was meant as a pleasantry, a small piece of social glue. If you believe that saying "welcome back" to someone is some measure of valuation or even exaltation then I would seriously suggest that you consider taking up an English language course.
> why am I in debt as I followed SUFFS buy prediction at 2.40?????
Following Sufc's "buy prediction"? Without DYOR'ing? Not setting an exit price? Or, having an exit strategy? Or, doing any "due diligence"?
I think we may have located our village idiot! :)
> Come on Barbie explain????
I currently don't have the crayons or glove puppets to explain the obviously intensely complex situation of "buy low, sell high" to someone who is demonstrating the mental capacity of a turnip and, who has proved that they have no concept of how a market works.
If you and your various other "alter egos" really have nothing better to do than come onto some random anonymised bulletin board, trawling for compliments while throwing out insults can I maybe suggest that you better employ your time elsewhere? I hear playing tag with the oncoming traffic on the motorway can be rewarding pastime for people with your obvious skillset.
Now unless you have anything of real worth to say about the performance and potential of Barcs share price, something that is not accusatory or confrontational to other members of this here board, may I suggest that you keep your trap shut?
You have added nothing of any worth to the board. Rectify that situation or disappear.
Love, kisses and fluffy bunnies,
BWK xxx
Welcome back Sufcessex and TheSpecialist, LTNS both.
I take it, from reading the various bits of flak on here, that the resident P.I.T.A./narcissist is blowing smoke up his own fundament again, crowing on about how he "accurately predicted" the price would go to X back in the year Dot, while slagging off anyone who dares to call him out on his guano.
First off, he is just "shooting fish in a barrel". Barcs SP has been in a strongly defined downtrend since April 2013. Don't believe me? Drag up a price chart, stick it on "Monthly view" and you'll see a fairly pronounced downward slope on the high price. At a stretch you could maybe push it back to July 2010, with heady SP prices of 337.. halcyon days!
(As an aside, it also shows that since July 2010, Barcs SP has lost 50%! Yes, 50% down on the SP... ouch!)
Still, the highs of the SP have been getting lower and lower over time since at least Apr 2013. So shouting about how the SP will get lower has a better than 50/50 chance of being correct depending on what timeframe you refer to. Hence why numb nuts has to keep piping on about what someone was supposed to have said "six years ago!".
And then there's the alts, the numerous "I've been watching this board for X years but never commented before" users who just happen to pop up and "endorse" the Boy Blunder. If you look at the phrasing of what's written, the "angle" of attack it's pretty obvious that our local vanity addict is posting as someone else in a desperate attempt to get people talking about him.. him... HIM!!
Just filter the idiot... simples!
===
Onto the actual "serious" business of Barcs. For the past two years I've been pretty much "sworn off" trying to deal or trade Barcs. Dealing on a longterm basis is, IMNSHO, just gambling with Death and Chaos. Jes Staley keeps bouncing out platitudes on how he's going to look after the investor, the little guy and yet what comes of those words? Nada! Bupkis! Zilch! At the same time there is the constantly rolling menu of bad news stories.
Now trading it I had thought was a "fool's game". Again, Death and Chaos are dealing from a loaded, half-cut deck. However looking at the monthly positions makes me think it may actually be possible. I might dip a toe in. There seems to be a 'base price' forming of around 144 and a (current) likely high price about 190. I could be tempted to try for that level of risk/reward.
However if you're long and seriously underwater either bite the bullet and hope for sunnier days, or bite the bullet and cut your losses before they get any worse. I don't think it's going to get easier for at least the next five weeks.
GLA ATB
> What about your great long term play years ago???
The scenario changed, Trumpton got elected and some people thought/think brexit is "a good idea" (it's not.. really, it is not). As the scenario has changed and the evidence of what's happening has changed so has my opinion.
> I've been waiting to break even for 5 years
You've "been waiting"... "for 5 years"... whuh? You mean you've "done nothing" and you're magically expecting Barcs SP to shoot up to some huge number and make you rich? Did you not learn anything about share price movements post-"credit crunch"?
> and for that £2.40 would need to be achieved
So "waiting" for 5 years, that's from about Jan 2014 for an SP of 240? I guess you were asleep for the 289 at the end of Jun 2015, handing you a 19% gain? In the 5 years you've been "holding" you'll have received about 30p in dividend payments. Factoring that in gives you 240 - 30 = 210, so there you go. Your new target price is 210, or £2.10 in old money. I've just made your target more achievable, you can thank me later.
> Market had climbed 500 and this stock has frozen at 1.60.
The market is a composite of MANY businesses and so has the resilience of divergence. Barcs is just one company and so stands or falls on its own action. Very different propositions, do try to keep up.
Can I suggest that rather than moping around anonymous chatrooms trying to shade people about what they may, or may not, have said years ago you try to maybe up your game? Try finding out about trendlines, support/resistance levels, fibonacci retracements (love these!) or macroeconomics, fundamentals analysis, news impacts.
For instance did you catch the story that was released on a Saturday that Sir Martin Sorrell was leaving as head of WPP and then ride the rather brutal sell off on Monday morning? I can tell you that waking up to a message that your position was opened and then closed on a limit for a few hundred quid profit is the very definition of "a good night's sleep".
So it seems, to me, that your issue is that you've just sat on your butt expecting the market to make you rich, and then when that hasn't happened you're trying to guilt someone else for your lack of effort.
That doesn't bother me, it's not my money that you're not doing anything with. How's that 2.3% inflation going for ya?
As for me and Barcs, I have a very minor LT holding and I really don't feel confident enough to chance my arm at trading it. However that does not mean that I won't be keeping an eye on the SP. Barcs is something like 0.6 SP/NAV and that suggests that there is "hidden value" in the share and would make the SP about 270 if it was to suddenly become "unlocked". Now catching some of that would be nice, wouldn't you agree?
ATB
Hi all,
throwing this poorly constructed, poorly informed 'opinion' in here. You can take it or laugh at it as you see fit.
It looks like Barcs ended 2018 in "indecisive" mode forming a standard doji on the weekly charts. That's neither 'up' nor 'down' so indecisive. The next three weeks saw a gentle rise from 151.0 to 163.0 . The next week started with a slapdown to 159.0 (don't know/can't remember what news caused that) and formed a bearish doji.
This week has so far formed a bearish spinning top showing, I think, again indecision but with bigger SP movement which "could" show that there's more interest in Barcs.
The volume of trades so far this week has equaled the total for each of the past three weeks so something is moving the money about more rapidly. Anyone heard any whispers?
The SMA still suggests that the SP is in a downtrend, that trend started back in May 2018, although the rate of decline looks to be slowing up, helped mainly by the gains in January.
The current SP (160.3) is just off the pivot (160.6) taken from the last weekly trend change. The current formation of a bearish spinning top shows that it is probably best to be cautious, that the energies are still to the sell side. The RSI at 43.8 seems to confirms that there's more selling (just!) than buying.
So where from here? First I think we can agree that Barcs' SP is currently very much driven by gossip and "news". The big news currently is, of course, about brexit and any story about that that is seen as "negative" to UK PLC will probably hit Barcs' SP quite heavily. So I'd advise caution if you're thinking on going long, almost certainly have close, sensible stops in place "just in case".
However the SP showed a doji followed by a spinning top suggesting that the market is pretty much "undecided" about Barcs at the moment. That both have been slightly bearish suggests that the market would move quick to get out if it needed to. So watch for "news" stories. Negative ones such as the UK getting mauled by the EU (pretty likely) or Jes Staley being reprimanded for claiming for the cost of new shoelaces (not so likely) will probably kick the SP down. Any "positive" news is likely to get a muted upside response.
From here, the first support is 146.7 which almost matches the SAR of 145.7, with the first resistance at 174.5 so 14p down or up (around 10% of SP), depending on which way your bread's buttered.
If you're going to ride this then adjust your position size to fit with your "at risk" consideration. If you can catch it in the right direction then there's a real chance of a good return.
As always please DYOR, GLA and ATB.
Any chance we can actually get this board back to talking about Barcs rather than the rather childish cock-slapping that seems to be going on, please?
If you don't "like" someone for what they say, or their manner of addressing people then just ignore them. If they really pith you off then filter them from the page (look at the 'Filters' tab near the top of the discussion).
But all this "my trades are better than your trades" and name calling is just childish.. and really, really boring.
As for this board's resident PITA/troll/numpty, please just ignore him. Don't poke him, he feeds off the attention. When he throws around whatever unfounded allegation of trading patterns that you may, or may not, have talked about six years ago just smile and nod, either sympathetically or condescendingly. He's a troll, he feeds off the "aggro" that he generates, he "needs" the attention and uses his alts to support his "fabulous trading record".
Seriously anyone who claims that they TOLD YOU that the SP was going to drop "two years ago!" should just be ignored and waved away. I could've told you two years ago that it was going to rain sometime between then and now. Oh look, it rained last week! Does that make me a star meteorologist?
But, back to the main message.
The cock waving, chest thumping, name calling that's going on on this board is childish, looks amateurish to outsiders and is also detrimental to the inspiring conversation about the main point at hand, which is BARCS!
As for previous investing "intentions" EVERYONE makes mistakes when investing/trading.. EVERYONE, not one rock star investing guru has a perfect 100% hit rate. The good ones know when to take the hit before it's too late and close their position. They then reassess what they want to do and execute their next move. The "rock stars" are the ones who can take a losing trade and then use other trading techniques to either limit the damage or even turn a lose into a win.... maybe.
But none of them have a 100% record. Not. A. Single. One. Of. Them!
So if you place a trade and fu... fail, close the trade, look to see what you could have done better, learn from the experience and move on.
But, for god's sake, stop all this finger pointing and name calling. It achieves nothing.
Now, back to Barcs.... please!
Well done to anyone who went long on 23 Dec 2018 when Barc's SP close at 143.3 with a low of 135.0.
With the current SP at 164.1 you've picked up a 14% gain.
With the exception of a rather fierce force down this morning it's been in a fairly solid uptrend since the start.
Well done to those who braved it.
Ignore the loud mouths. Follow your own counsel and do your own research.
ATB
kassam83> What are your thoughts on NIGEL HIGGINS?
Apologies for the slow reply, I've been busy elsewhere.
First off as I've said several times before I currently have a very small (>20) number of Barcs shares atm, and that came about through a late dividend payment/reinvestment. It's been that way since TrumpedUp became POT-ASS. I have no reservations about that, in fact I think I made the best choice for "MY" holding which was not big enough to be life-changing but not small enough to be ignorable. The current Barcs holding is so small that it would probably cost more to sell it than I'd get back from the sale.
As such I've not really been paying much attention to the inner working of Barcs. They're a bank that wants to be a major player but is dealing with the fallout of the various shady antics of the past. Their current problem, I believe, is that they have not engaged with their customers, they do not seem to even give a damn about their "valued" customers. Case in point is the absolutely abysmal offering of Shmuck Investor.
Onto Nigel Higgins. Before you brought the name up I'd never heard of the fellah. Like I said, v. small Barcs holding, not really paying attention. So here Barcs stands, fourth new chairman in 7 years. Doesn't speak well for continuity of management but these past few years have been corporate "anarchy" so we'll give them a pass on that.
First thing that the search engines throw up is that he is of Rothschild stock. OH NOES! Intergalactic space lizards in dark gloomy rooms financing the Nazties in league with the Illuminati and.....
No, just no. Stop there. Leave the conspiracy stories aside and look to the details given. He's of a long Rothschild standing (30 years+) and Oxford educated, so is probably "old school" when it comes to negotiating/dealing.
I think his appointment shows a possible intention to get fully (back?) into investment banking, the problem being that he has little experience in retail or wholesale banking. A new 'head' at the table and one likely to be very money/number orientated.
Provided he can push out a "soft edge" to small investing and retail account holders that they "matter and are cared for" I think he may have the 'edge' be able to improve Barcs corporate/investment banking side. From his standing at Roths I think he may have the strategic mind to actually be able to make a viable business plan and see it through to completion, rather than the bimbling 'random walk' business "plan" that previous holders seem to have had.
Give him 3-9 months to see how he intends to treats us 'small fry', then we can make our decision, hey?
ATB
Thanks to Smith100 for highlighting that something had been said that may warrant examination. The filter works wonderfully and I would not have known otherwise.
So let's see where we are with this morass of discourteous mudslinging, shall we?
> In 2.13 at £2.33 you said Barclays was the best of the bunch and great long term play.
At quarter past two, which is what I assume you mean by 2.13, I was probably saying "Where's my coffee?". :)
I guess you meant "2013", which suggests you're typing numbers in the numberpad to the side of keyboard as the '.' and '0' are next to each other.
That either suggests that you are actually an older poster, possibly post-50s in age as using numberpads for numerical entry was widely in use pre-1990s. Or, and I suspect this is the real reason, that you're browsing and typing into a mobile phone to spew your pointless dribble onto the channel. Then because you're either too lazy or just too clueless you don't error check your entry.
So, let's go with assuming that little finger fumbling you meant to type "2013", shall we?
Well, maybe I did say that back in 2013. Maybe, back in 2013, what I thought I could see about Barcs warranted that evaluation. Mind you, if I had been so "20/20 vision" back then I clearly would've also seen that in 2016 the UK would vote for brexit and, the US would vote for Trump. So, mea culpa! I did NOT see those events happening nearly 1000 days after I posted my prognosis on Barcs' 2013 performance.
In fact, back in 2013 I was also about two stone heavier and had around £40K less in the 'cash fund'.. so I got those wrong too! My unreserved apologies to all on the channel for misleading you on those!
> Walter argued that it will always be a sub £2 stock.
Really? From back in 2013? ALWAYS "a sub £2 stock"? Wow, how prophetic! How forward looking! It wasn't until Jan 2016 that Barcs SP actually DROPPED to £2.00! So yes, he's IS the one true divine oracle, seeing THREE YEARS IN ADVANCE that the SP would drop! Wow! Laser sharp foresight! Unquestionable a high volume, fast action "trader"!
Let's ignore that between Nov 2016 and Aug 2017 Barcs SP was £2.00+ nearly continuously, shall we as that messes up your paper-thin vapid claim that you.. sorry "Walter".. predicted that it would ALWAYS be sub £2.00.
Unlike you chum, I have the nous to change my opinion as the evidence changes. AND I also have shoulders big enough to admit that, yes I can be wrong sometimes.
So if not being able to see perfectly FIVE YEARS INTO THE FUTURE is a failing, then I admit that I have failed. I however have learnt to adapt my thinking and my methods.
And you.. what about you? 5+ years on and you are still trying to P!55 people off by throwing empty threats and poor insults at them and, referring to postings by one of your other alts to try to justify your position. Sad!
I think you need to be sent to the "time out" step.
<filter on>
Taken from https://www.ft.com/content/a98bd304-dec0-11e8-9f04-38d397e6661c
=====
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https://www.ft.com/content/a98bd304-dec0-11e8-9f04-38d397e6661c
Barclays and Lloyds Banking Group were among the worst performers in the EU’s banking stress tests, in a blow to the British lenders as they struggle to improve their profitability and deal with the potential fallout of Brexit.
The results nevertheless found that the region’s top 48 banks had enough capital to withstand the worst-case Brexit scenarios.
Barclays, Lloyds, Italy’s Banco BPM and the German state-owned NordLB had their loss-absorbing buffers fall to the worst levels in the doomsday scenario modelled by the European Banking Authority. This included a severe recession that would leave the bloc’s economy 8.3 per cent smaller than it otherwise would have been.
=====
Not a particularly heartening piece of news for holders, especially after all these years of Barcs supposedly building up the asset ratios. I doubt it'll do much to improve current sentiments about Barcs. Back to the downslide maybe?
Fusion98,
thank you very much for your clear, well laid out action plan. I shall be using it. I would not have thought of contacting Barcs to find out how long a transfer should usually take. I was expecting about 4-6 weeks maybe, but not 8-9 months.
Thanks too for the push to contacting the FCA.
Much appreciated (and recommended),
BWK
This is "Instalment #WTF?" in the now neverending saga of leaving Barcs ShmuckInvestor!
Recap: I sent all the paperwork through to "new broker" at start of Dec 2017. It took until the end of Aug 2018 to actually move the account over. Yeah, eight/nine months. I can code a new cryptocurrency in about a tenth that time!
Anyway, assets have been transferred over, "new broker" seems reasonably happy with the move, things seem to be alright.
I signed into ShmuckInvestor to check that everything had come over as expected and that there was no bits of cash left lingering in any of the balances.
This is where the WTF?-wittery arises. I notice that one account still has a balance, huh? Wasn't "EVERYTHING ABSOLUTELY 110% OF IT ALL IN TOTAL" meant to be transferred over?
Seems that somewhere along the line a number of NG shares (I'm into NG, they pay a pretty good dividend and operate on a (near) "monopoly" basis to a fairly strict set of rules) have escaped the ever-attentive eyes of Barcs and are just sat there, cute as a cu-cum-dividend. The thing that really bites my bunions is that there had also been a dividend reinvestment, adding a couple more NG shares to my total (which in itself is good).
It does however look like Barcs have effectively kept my account open, for which they charge a monthly fee, by waiting for the dividend payment and reinvestment.
So eight months to move the account, now I've found that they're keeping the account open. There's also the little issue that I had £X "in stasis" for over six months as I was waiting for them to settle on a corporate action that I had taken up.
From a purely personal experience this is a really pi**-poor service to be offering, and if other ShmuckInvestor members are experiencing the same level of shizzle probably explains just why Barcs haven't been the 'flavour of the month' with the investing community (as well as all the fines, the poor dividend, the ever-shifting management, the apparent FU attitude to just about everybody and..)
I really can't believe that they're behaving in such an unprofessional manner.
So, honest question. Anyone know how to go about complaining about this? I doubt sending a letter to barcs will achieve anything, they've demonstrated blank disregard for their customers so far these past few years. Is there an investing ombudsman? Or do I raise the grievance though "new broker" and let them deal with it?
> Make sure that you can't get your money out of the markets quickly
Damn, finger fudging typos. That should read:
....Make sure that you CAN get your money out of the markets quickly
Where's that damn proofreader gone? :)
The saying is "Sell in May, go away. Come again Saint Leger's day". Well, Saint Leger's day is Sept 15 this year, so only about a week and a half away.
Hopefully we'll see some real market "action" return in the days shortly after that.
Which leads me to the earlier comment by zed44. The market is in its "holiday period" at the moment, along the lines of the St Leger's saying. As such a lot of the market action is formed by "smaller players" throwing around a few hunded thousand shares rather than the "Big Boys" who regularly juggle the tens of millions.
There are issues such as Forest Trump and his big mouth messing up the situation with China. However with the recent story about how some of his "most trusted" people have been preventing him from signing certain edicts by "hiding" them from him (all in the name of protecting the status of the Good Ole US of A, of course!), I think the world markets are going to start treating anything that Trump does as just so much hot air.
So in this "quiet period" for the market any small move could make a proportionately large impact. It's just fingers crossed that those impacts are not long-lasting.
So is a bear market forming? The glory run that the markets have had over the last few years is starting to look long in the tooth, and valuations are starting to look a bit topsy. Amazon made it to be the second company valued at over $1trillion which is a mind-bending amount of money, about $140 for every living human being.
Will the market turn south? Nobody knows for sure, you just have to make a 'probability play' on that. Make sure that you can't get your money out of the markets quickly if you need to do so, or at least switch it over to something that'll have a good chance of preserving its value.
Also remember that by shorting you can make money on the downside, so even if the market tanks you could possibly make big on that. Just look at Crispin Odey and his (supposedly) big "bets" against UK PLC and GBP in the event of brexflibble going absolutely splat.
Good luck, whichever way the markets play it.