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Mr Custodian
Relax, I'm just playing with you!
Mr A.
I confess, I misquoted you. What you actually said is shown below (March 10th). Seemingly, you suspect you are the 'custodian' of the board, which is even more self-aggrandising. To allay your suspicions, you are not.
Whilst not consciously trying to be a referee on this is board, unconsciously i suspect I have become a custodian? I try my best to avoid disruptors, but will nip in the bud or challenge the odd troll if necessary
Mr A.
Tee hee - obviously touched a bit of a nerve there!
Not so nice now, are you!
Like I said, conceited.
Mr A.
I suspect that if I have to explain what I meant, then it's quite likely that you won't understand the answer. Nonetheless, I'll try.
Altruism is like an other virtue - if you have to say you are, you aren't. Why not call yourself Mr Awesome or somesuch?
Also, a while back, you declared yourself the 'conscience' of the board. I mean, really?? My personal belief is that anyone who self-appoints themselves to a position should be immediately disregarded. Last time I checked, this was a free-speech board. Who are you to arbitrate what is conscionable?
However, like I said, if I have to explain....
Anyhow, enough of this badinage.
Rodders
Whilst I don't agree with Rookie's view, and Mr A's name is quite unbelievably conceited, they do have a right to free speech.
They're already upgrading expectations - and they're less than 5 months into the trading year.
I think it's highly likely that there will be more upgrades this year.
Credit Suisse has just upped their Target to £2.10.
Once it has, they will.
Rookie1
And that's the beauty of financial markets - you can go long or short.
Whilst I don't agree with you, it's great that we can both back our beliefs. It's like financial freedom of speech!
It means it might go up tomorrow, or it might go down.
Returned to profit in the second half of the year, which was encouraging.
Obviously, the numbers were a bit of a bloodbath - but that was to be expected. NAV looked to have fallen by only 15% or so, which I consider to be a decent effort.
Future looks considerably better - so I see no reason to sell.
I'll stick my neck out and predict a blue day!
typo: £3.33 as at Dec-20.
....until the SP hits 50% of the Tangible Net Asset Value per share (of £3.30 at Dec-20). Incredibly, the TNAV rose by nearly 3% during 2020!
Not hard to see how £2.00 could be hit in a few months.
You don't understand?
Look at the TNAV!
The value of your wallet is not the cost of the leather, it also includes all of the money in it.
Share price pretty much back to previous levels.
Good luck to the shorters.
TNAV of nearly double the SP.
UK and world economy getting back on track.
All gravy from here.
Tee hee!
Rookie.
In that case, you should probably short BARC down to £1.30 - then buy back in. You'll make double money that way!
Lol.
To be fair, the SP has doubled since March - which is not too shabby. It also means that much of the short-term recovery has taken place (which you may or may not have missed).
From here, it will take some patience - but I agree with Nuri that the SP will probably revert to the mean in the longer term (relative to the NAV).
Share buy backs are often used for that reason - but it depends how many additional shares were issued compared to how many they buy back.
Look at Man Group (EMG) for a company that has a long term strategy to reduce the overall shares in issuance. Others have a continually increasing number of shares in circulation.
More sellers than buyers. Usual reason.
They buy shares on the open market and then cancel them.
This reduces the shares in circulation and effectively increases the returns per share.
For example, £100 profit spread across 100 shares is 1p per share. £100 across 50 shares would be 2p per share.
Clearly, the buying of the shares may push up the share prices, and the overall assets of the company would fall by the amount they spent on shares - so the net value of the company is unchanged. That said, you should get a higher return for each share you hold, which should be worth a bit more in capital terms.
A bit simplistic, but I hope it helps.