Member Info for kassam83

I wonder how the shorter's are getting along? Its been quite a nice rise from the low's.

It is my understanding that Barclays are just covering themselves in the event people lose their jobs and stopping anyone from maximising their borrowing on their credit cards without the ability or means to pay it back. It only makes sense. They would not reduce your limit below any outstanding amount of debt.

Has DK increased his stake?

"lloyds will survive and come back but I think it will be years"

Since the 2008 financial crash, lloyds has never really recovered, and that has been over 10 yrs now. Seems like its another PPI all over again, at the expense of poor shareholders.

Back down to under £1 come results day, even tho the markets well and truly know the banks have not made the money they normally would have done due to the lockdown.

Barclays releases result on Wednesday. Lets hope the markets like it.

No divi this year. When they do reinstate divi, it needs to be above the 6.5 pence paid in 2018

I have been holding these from the last financial crash and been slowing buying more through the years, however fed up of no real progress being made. I'm in no rush to sell and can afford to wait. My average is around the 1.16 mark. I always thought this would make a good pension fund, not so sure now.

DOG of a share. Will this bloody ever recover, doesn't look like it. Will drop even more next week after results.

DK keeps increasing his stake then we may see £2 a lot sooner than you think. £3 come xmas

Interesting snippet from Evening Standard

Others suggest he is more probably seeing Royal Mail as undervalued. He has previously invested in US retailers Footlocker and Macy's and French supermarkets group Casino as well as numerous Eastern European logistics companies.

I wonder he if he still owns stakes in these Eastern European logistics companies. Makes sense why he would want to buy GLS

Goldman Sachs Group Inc's trading revenue doubled in the second quarter, driven by big swings in stock and bond markets since March, helping the bank beat estimates for quarterly profit by a wide margin.

The bank's shares jumped nearly 4% in premarket trading as it posted a 93% surge in revenue in its global markets unit, which houses the trading business, cushioning it from the coronavirus downturn.

The performance highlighted the resurgence in trading across Wall Street banks in the second quarter, with JPMorgan Chase also reporting a huge quarter as financial market volumes hit record-breaking levels.

Hopefully get a little boost when U.S Markets open. Bodes well for Barc's results in its investment banking

As far as I understand the Prudential Regulation Authority have advised banks not to pay any dividends for this year.

https://www.bloomberg.com/news/articles/2020-07-09/barclays-leapfrogs-u-s-rivals-for-home-win-in-equity-markets

Lets hope this continues, Staley's decision to keep the investment banking devision looks very wise indeed.

I see Daniel Kretinsky that has increased his stake further from 9.76% to 10.20%

Kretinsky has to be in it for GLS, can't see any other reason why he bought into RMG, he definitely wont be interested in the loss making side of the letter business.

Is shorting or shorts, is that not when someone borrows shares expecting them to fall and any difference is then either kept or paid back to original holder. So shorting the shares when on the rise does not not make sense. That is my understanding. Thank you for your response.

Anyone care to explain why shorts have increased when the SP has been rising?

Guess he pulled a figure out of thin air...what an expert lol

Hey SUFCESSEX

How you doing? Are still holding any of your Barclays shares? Or did you sell up and plough it all into lloyds