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Good Morning duncb,
have you tried using this link: https://uk.investing.com/indices/banks-components
A free live non-delayed feed, updates by the second, of the UK listed Banks as well on the right hand side giving live indices movements.
You may want to consider adding it to your Bookmarks.Favourites etc?
Regards, MrA
Morning 3LittleBirds,
I hope all is well.
At 51, I'm not too far behind you in the rear view mirror.
My point was that the knee-jerk reactions seen of this stock, both up and down, can catch people unawares, especially if at work all day and 'forgotten' to check price movements. I speak from experience, as seen in January (from memory) Opened on Thu 11 Jan circa 152p , then US Inflation Rates come out 'hotter' than expected and close to circa 145p, only to then drift down further over the next few days to circa 138p-140p. Then a similar erractic/volatile repeat of price swings on 1st February following the lead up to and announcement the BofE Base rate. Anyway not teaching you to suck-eggs, hopefully this clarifies my warning.
The trend being your friend is definitely in play at the moment and agree, i would expect the upward trend to continue for the rest of this week.
Point 1 - Research - Agreed. I would add, if i can't understand what the Business does and how it makes money, then i will shy away.
Point 2 - Dividends - if they regularly pay them then in theory, less of a riskier stock, and certainly a consideration which to me is part of the research.
Point 3 - Totally agree. No real F.O.M.O. for me . If i have missed a trade then so be it. Personally, a 'Yes' decision should be instantaneous and clear, if i have to think about the decision, then for me it is probably a 'No'.
Point 4- CFd's and Spreads. Also for me a no go area. Losing multiples of a 'stake' scares me.
As for my advertised trades, again, hopefully it serves some sort of purposes to at least one person in what to do and/or NOT to do on this board?
I'll wait for the dust to settle over the next week or so and get my 'helix' maths set out to see where the trajectories indicate the price MAY be going.
Good Luck with your holdings and Well Done on your Profit to date.
Regards, MrA
MrWolf,
Very rare that this track ever gets played anywhere but for those with a more exotic musical palette then enjoy!
“Diddle-Umma Day” by Chas & Dave
[Chorus]
Di di diddlybum, diddlybum-a-di-do
Bi diddly-umma-dumma, diddly bumma-day
Diddly-i-di diddly-bumma di-do, whoop diddly whoop whoop diddle bumma-day
Woah, diddly-bumma, diddly-bumma, diddly-bumma
Diddly-bumma, diddly-bumma, diddly-bumma, diddly-bumma-day
Dee-dum biddly-bo, di-dum a di-do
Whoop diddly whoop whoop diddly bumma-day
Give until 40 seconds to really get going…
Regards, MrA
https://youtu.be/9OAvQUD6O5s?si=BjyFQEVTri3XIFse
Good Evening 3LittleBirds,
Not sure of your goals or strategy but just tread carefully here… Those who are a little “longer in the tooth” can vouch for the Blue Budgie quickly ‘morphing’ into a Sunset Scorpion!
Good Luck My Friend.
Regards, MrA
3
Afternoon Mr Wolf,
Just catching up on the board whilst sitting on the train.
You took the words right out of my mouth... as Meatloaf would say.
My Powder remains dry... happy to see where we are at close of Business on Friday. If i get in a little late and depart a little early, as long as i have generated profit then i will remain happy. Your reference of Up the Grand Union Canal ALWAYS makes me laugh out loud. Spat my coffee out when i read it Well Done You.
I have no desire to rain on anyone's parade today. If you are staring at profit then a sincere Well Done.
For those that have perhaps clawed back some losses then long may that continue.
Looking for some stability and sense of "true" floor and ceiling before considering placing my roulette stake.
I noticed @JayK sticking to his strategy... and why not? Hope all is well JayK.
Good Luck and Good Fortune to All.
Regards, MrA
Good Morning 3LittleBirds,
You may well be right. Let's see where we are at close of Business tomorrow, following the Nat West Results and of course next Tuesday 20th February, this will then give a clearer (short term) sense of direction.
Good Luck My Friend.
Regards, MrA
Good Afternoon 3LittleBirds,
I’m Keen… but not desperate. You did make me laugh 😂
Nat West results on Friday might… might… set the tone?
Good Luck My Friend.
Regards, MrA
Barclays, (UBS: Buy recommendation, 200p target)
Q4 profits: £957 million excluding litigation and conduct charges, down 32% on a year earlier and down 49% on the previous quarter.
Full-year profit: £7.5 billion, down 13%
Final dividend: 5.5p, up from 5p the year before.
Total for the year: 8.2p, up 13%.
Buyback for the year: £1.75 billion.
https://www.ii.co.uk/analysis-commentary/will-2024-be-better-year-uk-banks-ii530740?utm_source=newsletter&utm_medium=email&utm_campaign=Daily%20Newsletter%2020240213&utm_content=newsletter&utm_source=sfmc&utm_medium=email&utm_campaign=Daily+NewsletterAMP&utm_term=%%%3dRedirectTo(%40article3URL)%3d%%%3f%%%3dv(%40UTM)%3d%%&utm_id=148232&sfmc_id=8534279
Afternoon All,
Anyone sense that this price is going to get a good kicking come next Tuesday?
Regards, MrA
Shaperite,
I stress I come in peace.
I would not at all be surprised to see the price break the 140p floor either today or before the week is out once the US CPI numbers are announced.
I sincerely wish you all the best.
Good Luck My Friend. Regards, MrA
…that inevitably will affect the Stock Markets.
Not an exhaustive list, but key dates nonetheless.
Tue 13 Feb 24 US CPI Inflation Figures (for Jan 24)
Wed 14 Feb 24 UK Inflation Figures (for Jan 24)
Fri 16 Feb 24 US PPI Inflation Figures (for Jan 24)
Thu 22 Feb 24 EU Inflation Figures (for Jan 24)
Regards, MrA
Morning All,
Fri 16 Feb 24 Nat West
Tue 20 Feb 24 Barclays
Wed 21 Feb 24 HSBC
Thu 22 Feb 24 Lloyds
Fri 23 Feb 24 Standard Chartered
Regards, MrA
Morning razzledaz, as I write this morning, I'm holding back certainly until the trend reverses. 135p looks tempting today, but I remain nervous in two counts to purchase, namely:
a) More US Regional Bank Shocks and Contagion. Hence my reactivation of my trailing stop loss.
b) Underwhelming Strategy Update on the 20th Feb.
I will try and avoid FOMO as it clouds judgement. If i miss a trade, so be it.
Good Luck My Friend.
Regards, MrA
Morning razzledaz, typically the market will decide as to which company this actually shows as an advantage/disadvantage to via the direction of live share price movement.
At initial face value:
Tesco Up 2.70p to 283.10p
Barclays Down to 1.88 to 141.28p
141.28p Wow!
Still keeping my hands firmly in my pockets at the moment.
Regards, MrA
Morning All,
A fair write-up here i.m.h.o.
Regards, MrA
The Summary:
Investors lose faith
Barclays’ forward price to book ratio, a measure of its market valuation relative to assets, is at 0.34 - compared with 0.34 for Deutsche Bank, 0.56 at BNP Paribas, 0.82 at HSBC and 0.95 at UBS, based on LSEG data on Feb 8.
Investors said this reflects doubts about Barclays’ mix of businesses, and a growing consensus that a leaner, simpler bank could deliver stronger returns.
Barclays has sub-scale businesses which could fetch respectable price-tags if they were sold, five of the investors said, pointing out that several of these units were unlikely to be more than number three or four in their respective markets.
Disposals from Barclays’ Consumer, Cards & Payments (CCP) unit would be welcomed, four of the shareholders said, with one suggesting the international credit cards business applied a “complexity discount” to the bank’s overall valuation.
Reuters earlier reported the bank’s wider study of its global payments activities.
Capital unlocked by asset sales could support a more generous dividend or buyback programme or be reinvested in fee-earning businesses like wealth management, three investors said.
“In my opinion the only way the shares re-rate is a meaningful reduction in the size of the corporate and investment bank, and re-focus of the business on forecastable franchise based revenue streams,” said Ed Firth, analyst at KBW.
Jefferies analysts expect Barclays to propose a sharp rise in capital redistribution, rising to around £7 billion by end-2025, to help boost flagging shares.
There are signs short-sellers are retreating ahead of any potential move. Barclays has not featured in the top 10 of EMEA’s most heavily shorted large-cap banks since October, research from data firm Hazeltree showed.
Investors who spoke to Reuters expect the bank to upgrade its annual 10 per cent ROTE target to between 11 per cent and 13 per cent. In 2023, US bank JPMorgan achieved 21 per cent.
“I think people are struggling to believe that higher returns are deliverable and sustainable,” said Ben Ritchie, head of developed market equities at Abrdn.
“But once companies get the credit for consistent delivery, it is a game-changer,” he said.
Link: https://www.businesstimes.com.sg/companies-markets/banking-finance/barclays-investors-crave-simpler-bank-ceo-venkat-prepares-revamp
Morning All,
A few days old but still worth reading and keeping on the radar. Needless to say if some of these "small" Regional dominoes fall then sadly European Banks including Barclays will, once again, because of sector will be "tarred with the same brush" as Banks generally are somewhat non-transparent as to their true risk exposure.
Regards, MrA
https://www.reuters.com/markets/us/us-regional-lenders-commercial-real-estate-exposure-spotlight-after-carnage-2024-02-05/
Morning All,
let's see if this has any catalyst on Share price movement?
regards, MrA
https://www.bbc.co.uk/news/business-68249167
Good Evening keepsim,
Many thanks for your kind words.
I have adopted a conservative, but simplistic strategy, of aiming for a 10% return, anything more is a bonus. I have learned from my own past mistakes and experience of being too greedy and too rigid in my profit targets and goals.
I would now label myself as a ‘Swing Trader’ more so than an Investor. I just stick with trading Barclays now as, to me, its (manipulated) behaviours, on the whole, are relatively predictable in conjunction to some simplistic amateur Chartist theory.
Clearly it is not an exact science, and I am not always accurate, especially with my entry points and exit points but if I am on the right direction of travel then I count that as a success. My last 5 or 6 trades (lost count) have returned some profitable returns for me but I do not take the profit for granted. Profits can disappear very, very quickly. I would rather bank a small profit than a big loss.
In short, I am just a ‘lucky punter’ at the moment… and long may that continue.
I continue to use my three g’s of Gut feel, Guesswork and Good Luck allied to simple basic Chartist theory and then watch and hope! Chartist theory makes it clear to me that share price history has a habit of repeating itself…. Time and time again.
I totally respect that Chartist theory is not for everyone but if it’s good enough for some of the ‘big boys’ then it is certainly good enough for an ordinary bloke from the middle of nowhere that has managed to grow his ‘stake’ to in excess of £100k.
Not sure if this helps?
I stress that my views are NOT a boast, a form of advice, guidance, encouragement or persuasion for anyone else to follow. Please make your own choices and undertake your own research. There is more than one way to trade this stock.
Good Luck My Friend.
Regards, MrA.
Good Evening Prince of Darkness, I totally agree with your thoughts here. Since Covid struck, (March 2000) almost 4 years ago, I gave up in investing and turned to became a lucky Swing Trader.
Good Luck My Friend.
Regards, MrA.
Evening All,
Worth reading as a “mood and trend” check.
Regards, MrA
https://edition.cnn.com/2024/02/06/investing/premarket-stocks-trading/index.html