Member Info for freeposter

Me too.

It's always a gamble. Sold half my stock yesterday at 273 and bought back this morning at 251, making 22P less half a percent and expenses. This time I won and made more, but don't always.

Trump says he will replace them with a new 10% tariff on all imported goods as he claims he is allowed for 150 days under Section 122 of the 1974 Trade Act.

Yes.

... and I hope Natwest win. Whilst I know little of Evelyn Partners and the sum is vastly less than than the 71 .1 billion paid for ABN Amro, I won't forget the bidding war between RBS and Barclays in 2008 for the Dutch bank. I was greatly relieved when Barclays eventually stopped bidding, not that it mad much difference to the outcome.

Good Morning Mr. A,

Thank you for your kind words and empathy and I'm pleased to read you have made your 10% target. My risk with BARC was limited when its share price reached 327, and those kept have risen 37%, so I now have no complaints. Hopefully any still hanging on since 2008 have similarly managed their affairs and are like me, happy once again.

Best wishes and thanks for all your helpful posts,

G.

Hello Mr. A,

In 2008 I was one holding Barclays, my largest holding. Trading at six or seven pounds for over a year and paying good dividends, there was little reason to consider alternatives. At that time my business was under offer that I might retire, so jumping Barclay's ship wasn't a priority. To cut a long and sad story short, I retired with a not unsubstantial proportion of my assets valued a third of their cost and falling plus the loss of dividend income.

Moving on a year, the low point had passed with BARC on the rise, so time to buy more? It definitely wasn't. After more than twice doubling my holding, they dropped. It would be 15 years before the share began to rise. Having long given up extending my holdings in BARC, in April 2022 I twice sold high and bought back low. No further deals were undertaken until May this year, when the bid price became sufficient to relinquish a goodly proportion of my holding to leave me with my pre 2008 investment.

So now I hold twice the shares I had in 2006/7/8, worth a bit more that their then value. The dividends are vastly less today than then, something I believe will hold BARC back if their share price continues to rise. Whether there will be enough, unlike me, who are even now waiting to bail out after seventeen years will yet to be known.

Jogonnow, well done, it will be good to remember that, and lucky to find another that rewards you as well. I remember thinking similar around 2006/7. It seems the BARC board might have kept their sticky fingers out of the till of late and hopefully will continue. Whether the share price will return to the level it was 20 years ago, remains to be seen.

Alas_Smith, all you say is true and I've been there. In 2008, in order to retire I sold both my business and Barclay shares to reduce CGT. The loss on the shares was massive, the reduction on CGT a mere fraction.

Now I don't need money and coincidentally, have, ignoring inflation, just broken even with my dealings in BARC. In today's world my children need my backing while they risk theirs.

I thank you for your thoughts and considerations and wish you luck in all your future trading.

Hi Alas_Smith, why? Mostly from past experience, but also being in my eightieth year doesn't allow for a limitless future to reclaim any losses. Anyone in the market from 2007 knows. I bought heavily into LGEN in 2021 and early 2022, at near £3 a share, only to see them drift lower. So I've been recouping some of my capital losses by dividends on which I now pay tax, and now near to breaking even, but not if inflation is taken into account.

It's not been all bad, I've made gains in my time, but few ever matched the severity of losses.

Best of luck for tomorrow.

Thanks for the correction. I didn't know that rule had been rescinded and assumed there was no change by the rate of tax I currently pay. Only recently have I been taxed on dividends, previously my dividends and capital gains were managed to keep within allowances. Now that isn't possible with my share investments and my ISAs all in cash.

Onward and upward.

Sorry to intervein, but while share dividends are taxed at 20%, 10% is levied upon the company for the total dividend issued. This means a standard taxpayer for a non-ISA holding will in this tax year after their £500 allowance, pay the balance of the 20% tax on the 90% of the dividend they receive, and is levied at 8.75%. By this arrangement, the non-taxpayer effectively pays 10%. The quoted dividend payment is that after the 10% deduction.

Higher and additional tax payers pay proportionally more.

Good luck to all.

A good day for all holding BARC.

Today, for the first time since October 2007, my BARC holding is showing a small profit. Thanks to all who have provided faith to hang on and lower the average during the times when all seemed lost. I'll likely stick around for a bit yet.

Good look to all whatever your plans may be.

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.