Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Something to muse upon.
https://www.thisismoney.co.uk/money/comment/article-11764449/Barclays-board-rack-says-ALEX-BRUMMER.html
Income up by £3,016M and profit down by £1,162M. Typical of this company that one way or another it won't realise its asset value unless instigating a rethink of its purpose and how it operates.
One comment from the last banking crash sticks firmly in my mind.
"Never again" in banking terms means "Not for seven years".
Few long term investors in this stock can claim to have made money others certainty have. Even after this latest buy-back, it isn't necessary to go back many years to find when fewer shares were in issue. It is my opinion share buy-backs are for future bonus issue and of only temporary benefit to shareholders.
For fifteen years I bought more and more shares at lower prices in hope of eventually breaking even, but it didn't work. Maybe some bad luck or poor timing, but my holding excluding dividends, while better than it was a few weeks since, is worth about a third of my total investment in BARC.
Now it's taught me a lot, all my other shares are in profit, but BARC has so much potential it could outperform all my other investments put together if the board knew how to run a business for it's customers and investors, and not just to make the quick buck and not be caught out when breaking the rules of the game.
My exit strategy includes buying other shares when BARC drop in price and to to sell blocks of BARC at the price I paid Those I bought at £6 and £7 will still be mine when Hell freezes over.
I planned to sell my LGEN before going ex-dividend while holding my BP. and BARC that went ex-dividend yesterday. However, both of those have continued to rise. I'm sure there will be chance to buy back lower at some stage before next divi, but wonder if LGEN might continue this trend.
Holding steady.
You'd think the company would at the least have someone in charge of operations that could count money accurately.
This business is out of control. Surely if under control a business wouldn't make as many mistakes as this one has in the last 15 years.
The noises I'm hearing about Plan B could knock on the head the chance of Bank Rate increase.
£500M buybacks finished last week. BARC is on its own with life support switched off.
Anyway, we might see a more realistic value in a day or so when the current buyback ends.
"8 months of progress slowly climbing back up the ladder wiped out in a day - and still falling! Curse the day my path crossed with a Barclays recommendation."
Don't worry, you'll get used to it. I did, although it took the better part of ten years.
The FTSE is higher than it was a month ago and every day of that month, Barclays have been buying up to 10% of BARC daily trades, yet the share price is lower. It should be and have a good business model and probably does. What is missing from the equation is consideration for the shareholder in business decisions, and it's been like that for more than 10 years. Is that about to change?
To be frank, many of the bigger risks for Barclay's have been self inflicted and those skeletons in the cupboard. I don't know, but this could lead to a longer term gain, but I did wonder why a couple of directors sold shares last week.
Seemingly not.
... and again.
Testing 200p again.
I'm not sure there ought to be a principle that reward directors or others at no cost to the business and entirely at cost to shareholders.
Well, up to Thursday close the current buyback had reached in excess of 165 million shares, but yes, as ever, saying they will do one thing doesn't meant it can't be mitigated by another part of the plan.
Quote:---- I hope that this does not mean 'new shares'
20 September 2021
Barclays PLC - Block Listing
Barclays PLC (the 'Company') announces that an application has been made to the UK Listing Authority and the London Stock Exchange for the block listing of 10,000,000 ordinary shares of 25 pence each in the capital of the Company (the 'Shares') to trade on the London Stock Exchange and to be admitted to the Official List.
The Shares will be issued and allotted under the Barclays Group Share Value Plan.
When issued, the Shares will rank equally with the existing issued Shares of the Company.
Admission is expected to be effective on 21 September 2021.
As at close yesterday, just over £300 million of the £500 million intended share purchase has been achieved, with almost 1% less shares in issue than at the start of the process.
That suggests to me that the 200p barrier could be breached with relative ease.