Member Info for Dodgy_knee

Following on from my last post, Barclays valuation on a PE basis has been trailing the sector for a while, and price was also pinned down by a relentless resistance line that goes back to 2008. But, as that resistance line approached zero, we broke above it last year, but not with any flair. So the PE ratio is the next thing that suggests Barclays is undervalued, but PE is a very controversial (and slippery) metric. There are too many ways to calculate 'earnings.'

For convenience, here is how Barclays measures up against its peers on a PE basis, from 4 sources, as at 8:55 this morning. Whichever platform you go to, Barclays lags, and has done for a while. I find this very interesting, I hope others do too.

_______interactive investor_______This site_______Yahoo Finance__________Hargreaves Lansdown
BARC_________5.78________________4.58_____________5.72___________________4.59
LLOY_________7.81_________________6.36____________7.93____________________6.35
HSBA________9.12_________________11.55____________9.46___________________9.78
NWG_________10.40_______________10.00____________10.50__________________11.07

I do loads of long term TA on Barclays and Lloyds. I was intrigued by Barclays because its PE was so much lower than its sector peer group, and this disconnect was suggestive of a set up where a major rise is possible (or all the other banks fall).

Long story short, there are long term trend lines going back to 2008, and a real surfeit of trend-lines that contribute to a chaotic picture, BUT, I think the price action of the last few days is at a real critical juncture for the coming 3 months or so. If we can stay above 170p, I see it as setting a new floor for the next 2 or 3 months. If we struggle to stay above 170, it will be a ceiling. This is approx, as these are not horizontal lines, but the slopes are not steep.
GLTA

@twocents,
I do want to respect that this is an investment blog, as this is not the place to discuss things That do not impact us as investors. So, not to you in particular, but following on from your post:

I suspect that Klaus himself is just mid-tier management, but such as it goes, it is well documented that his little pets include the presidents/prime ministers and their cabinets of Canada, Holland, Finland, New Zealand. That of France and Germany too, maybe less obviously so. In the UK, disciples include Mordaunt, Sunak, and likely Truss and all the others, but most crucially, total control of mainstream media everywhere. I hear that Mr B.Gates (another Klaus pet) attends G7 meetings whenever he feels like it as though he is head of a nation state, controls the WHO, is working on blocking out the sun, and is releasing GMO mosquitoes, without accountability to anybody. And how does a vanilla understanding of the world explain his power and freedom to act as such? And his frequent trips to Epstein island were of no media interest? (one of those taboos...)

The tell, is that world leaders increasingly act in 'lockstep.' They do the same things, use the same language, and even synchronise their actions. They do not criticise, but support each other, while the media in turn, covers for them. Prime examples are the recent global response to a controversial health event, plus so called climate crisis, and general consensus that certain groups and topics are simply taboo.

What does this mean for investors: our world is under attack, economically (through energy restrictions, monetary debasement, restrictions and obstacles to our mobility, the ideological race to EVs, and attack on small businesses), as well as culturally, and spiritually.

The great depression was a tell. 99.9% lost huge wealth, to the 0.1%. It is going to happen again. Did you notice we were all locked down ostensibly to save grandma, but now to hell with grandma and let her freeze, because we now fly the ukraine flag?
Every time there is 'the latest thing' or cause, we are whacked again economically, and you have to pay attention to notice that our ostensible values keep switching, according to the 'latest thing.' While we get distracted by the latest thing, and whether this or that town was taken in ukraine, our pockets are being picked, and we are increasingly herded over the trap door, where at the right time, the lever will be pulled.

Any business like travel and leisure, or which has high transport costs like Ocado, think about the effect on their costs while at the same time the customers wallets are shrinking. And as economies struggle, the breakdown in law and order will add further costs and headaches to the mix.

Investing is about spotting trends, and anticipating changes. But if this all sounds far fetched, then just relax, let the certainties of your belief system assure you.

GLTA

OK, I know this is like talking to a wall, but I'll try.

The Russians do not consider themselves in a war with Ukraine, who they see as a brotherly nation, but in an existential war against NATO, who are using Ukraine as their spear carrier. The Russians are moving as carefully as they can through Ukraine to liberate their people, to minimise harm to both civilian casualties, and to their own soldiers. You are easily misled into thinking this careful pace is due to ineptitude or poor leadership. The Russian army is under no time pressure, and is in alliance with the Donbass militias, the later of which do most of the infantry work, and who are the ones urging caution on the more powerful Russian military, as it is their own relatives across the line of control, typically used as human shields.

About the 'New World Order, ' or great reset, anybody in the west who is ra-ra for western leadership, you are the sucker at the poker table. Whether Putin and Xi are WEF or not, who knows, but pretty much every western government is comprehensively WEF, including your current leaders, and any possible replacements for them. It's all rigged, the recent UK transfer of power is case in point, and so is any future election. All your choices are preselected, WEF candidates. Go on the WEF's own website, and see all your precious western leaders there. The moment they are elected, they turn to Klaus for their instructions. If there is any chance of pushback against this monstrous agenda (you vill eat ze bugz, own nothing and be happy), then it can only be Russia that has the power to do this, and the universal demonisation of Russia trains you to loathe the one global actor free of the WEF global control grid. Your WEF masters are laughing at you.

Yes, scoff, but no other power is up to the job, the west has fallen, its citizenry lined up for a fall, in a war they don't even know they are in. This is not a war against Russia or Ukraine; you are the carbon that your masters want to eliminate.

Mindful that this is a FXPO thread, Poltava is in the zone that may end up in Russian hands. Invest accordingly. You are being fed drivel by western MSM that Russia is losing this war. The war is already lost for Ukraine; it's just the new border that is yet to be finalised. Those who misguidedly trust their MSM, probably boostered to the hilt, are the suckers at the table who didn't get the memo. Don't take my word for it; there are plenty of even western patriots, banned from MSM but who can be found speaking freely, who deserve a listen and who lay it out. Scott Ritter for example, is a name you might be familiar with.

Have a nice day.

@ Thronegames; just a thought: if your energy company screwed up their hedges, and ended up paying more than anybody else for their gas, are you suggesting their customers ought pay for their mistake? They invest effort in hedging, and ought pay for their own mistakes, and reap the rewards for their good moves. Take away that incentive, then why would they even bother?