RE: Any ideas?13 May 2009 01:16
Who will know what the small print was in Barclays recent scramble for private investment tabled at the time , but I would not be surprised if some of said investors were also enabled and behind the buy back of some of Barclays strong asset release projects effecting future earnings. Barclays stayed away from HMG that was perceived at the time and continues to be received by the market as a good thing , but further time will tell whether or not this was the best of the two options available. Whilst RBS and LBG chose to take the support offered by HMG , I consider that both RBS and LBG will , eventually , pull back such investment cheaper , pro rata. I really enjoy bank stocks globally and retain the view that Standard Chartered were best placed of all UK banks from the outset and that , by the purchasing A&L and BB , Santander the follow through. I admit to not fully understanding the Chinese financial markets , but , given the country's strong financial retained position and willingness to underpin support both domestically and globally , without China , I am sure that our combined global problems would be much , much worse. In summary and locally , I see RBS as the best long term recovery play out of current BARC and LBG standings and that STAN will benefit best from Asian growth but could peak off with their recent rally , HSBA should gain a little ground but USA exposure remains and Santander , of the Europeans , should fill the gap well.