Member Info for kassam83

Unbelievable, bloody banks get the best news so far and they still tank, typical or what.

Gig economy firms dealt another blow as Addison Lee drivers win workers rights case

Headline says it all. Roo will definitely need to change its business model and move away from the gig economy.

Saying that, if Roo are unable to make any profits currently when they are exploiting their riders, they have no chance when they are forced to pay the minimum pay and other benefits of workers right.

Smashing it, some impressive results. Makes me wonder why cant the British banks do well?

Spindler AML is fine example of a company that was over valued, SP crashed all the way down to pennies, additional investment needed to be raised and shareholders have been diluted. I guess we can see the same happening here.

Will Shu overvalued the company, the banks just went along with it for the business. Why did the BIG institutional investors shunned the IPO. Will Shu was advised by these big institutes, that the valuation was too high and they would not be buying. Hence why he has flogged this dead horse to private investors. Ultimately its the decision of Will Scu not the banks.

Deliveroo has failed to make a profit thus far, they have lost countless court cases in Europe on pay and workers right. If the same happens here, and uber is great example, they have no chance.

(Reuters) - Goldman Sachs Group Inc bought 75 million pounds ($104 million) worth of shares in food delivery group Deliveroo to prop up trading after an underwhelming market debut, the Financial Times reported on Tuesday, citing two people with direct knowledge of the matter.

The purchase equates to nearly a quarter of the value of shares traded in Deliveroo during its first two days as a public company last week, the report https://bit.ly/39ICMJx said, citing Bloomberg data.

The share purchase by the bank, when taken together with the "overallotment" option, would mean the bank would have recorded a profit from the food delivery group's declining share price, the report said, adding that most of these profits would be given to Deliveroo as part of an undisclosed agreement.

Deliveroo did not immediately return a Reuters request for comment, while Goldman declined to comment.

The startup's listing was the biggest in the UK in a decade, but its dismal debut dealt a blow to London's hopes of attracting fast-growing technology companies. Shares in Deliveroo fell by as much as 30% in their debut.

The saying "Flogging a dead horse comes to mind". Will Shu has been very shrewd. My understanding is that he was well advised by big institutional investors that there was very little interest and his valuation was way over priced and hence these shares being offered to private investors. Ridiculous valuation for a company that has not made a profit. Time will tell if the demand for take out still remains high once food outlets open up and people start to eat out more.

MrA

Thank you for your reply.

Yes it is the demerger of Wickes from the Travis Perkins group.

Unfortunately there is no other option of cash being offered. It is a simple 1:1 share option only. Once the new shares in Wickes have been issued, it would then value Wickes at the same as Travis Perkins which to me does not make sense as it would be overvalued. I do suspect and agree in what you have said that Wickes would only go down. I may well sell up before the demerger takes place end of April.

MrA

TPK - Travis Perkins

Has anyone been involved in a share split where a part of the company has been spun off and listed on the stock market?

My dilemma is do I cash in before the split or would I be better off after the split.

We will be given 1 new share for every share held.

any knowledge here would be much appreciated

Sorry correction.

Would value Wickes the same as TP

Each TP share you own, you will get 1 share in Wickes. That is the ratio agreed. So that would value Wickes at half of TP, which i feel is overvalued when analyst have said Wickes could fetch 600 million if sold. It would be great to get some clear understanding here from someone. It is confusing if I am honest.

With the demerger of Wickes, the share price will need to reflect this and therefore will be adjusted accordingly. May well be a good few years before you see £17/18 again.

High interest rates will certainly help the chancellor if he wants the public to spend. I think the low interest rate environment we see today from the financial crash in 2008 has well and truly been engineered and a deliberate attempt to encourage spending but has failed. So many low to middle class workers just do not have the disposable income.

Is the closing price on here correct? HL is showing £1.6458 (3.39%)

MrA was September 2002 the last time Barc did a buyback?

(Bloomberg) -- After years in the doldrums, Europe’s investment banks had their moment in the sun in 2020. Some seized it and some botched it.

For traders at Barclays Plc, the volatility in the markets brought on by the pandemic delivered their “best year ever,” while three of France’s biggest banks were hit hard, highlighting the split in how investment banks in Europe were able to ride the wildest trading year in a decade.

“2020 was genuinely a game of two halves, with huge fixed-income beats in the first half as equities languished and the French suffered with derivative losses, and then equities and banking fees staged a strong recovery in the second half,” said Jonathan Tyce, a senior European banking analyst at Bloomberg Intelligence. “Barclays had a great year.”

The uneven performance means the debate on how much lenders should focus on investment banking operations will continue, with the focus now on how trading units will fare in 2021. While many of Europe’s investment banking units thrived on the volatility-driven business, the post-pandemic era could change that, said Tyce.

“The pace of trading normalization and increasing competition from the U.S. could render it a distant memory very quickly,” he said.

Barclays on Thursday reported fourth-quarter trading revenue that surpassed analysts’ estimates, helping it outpace larger Wall Street rivals with a 45% surge in markets income for the year. Revenue at the London-based bank’s key fixed-income trading division soared 53% to 5.1 billion pounds ($7.2 billion) last year, the most that unit has reported since 2012. The smaller stocks-trading business climbed 31%.

“We gained market share across almost all the asset classes,” Barclays Chief Executive Officer Jes Staley said in an interview with Bloomberg TV. “We’ve invested in our investment bank for the last five years and I think last year started to pay real dividends and allowed us to be profitable every quarter.”

Profits are expected to plunge by nearly four-fifths when Lloyds presents its 2020 results next week but shareholders will be firmly focused on the bank’s dividend.

The fall in results will be largely defined by the bank’s impairment charges – the amount of bad loans it writes off mainly due to the economic impact of Covid-19 on its customers.

Analysts expect impairments to reach £4.7 billion across the financial year, after an additional £586 million in the bank’s fourth quarter, according to a consensus forecast provided by the company.

It would lead the bank to a pre-tax profit of £905 million, if analysts are correct, a reduction from £4.4 billion a year earlier.

Shareholders will look for a reinstated dividend. The payments were halted last year on the request of the Prudential Regulation Authority to ensure that banks had enough money to support the economy through the Covid-19 pandemic.

Lloyds is expected to pay out 1p per share for the 2020 calendar year when it reports on Wednesday.

Smith you wont get 4p just the Penny that's all. How generous of Barc. 4p is going towards buying back shares which Staley will receive as part of his bonus, how wonderful.