Member Info for MrAltruistic

…and indications it could go lower. I’m still looking to ‘load up’ but not until s9me stability is seen or I think we are close to the bottom. US and UK Base Rate decisions will have a part to play over the next few days.

Good Luck All, Regards MrA

Evening MrWolf,
No boots filled yet! Placed a limit order at 145.50p this morning but not quite reached.

In fairness after ripping the curtains off the pole, I have invested in some Venetian Blinds. I’ll take a peek at the price, look at the volume, look at the live FTSE 350 Banks index (FTNMX301010), US futures etc. Todays dead cat bounce was likely to happen and Good luck to all that have made money over the past couple of days. I want to see what happens for the remainder of the week to see if some true stability returns. If Friday shows as a red day and 150p is broken again, then that may finally prove to be my cue to place my ‘lump’. All in all, it still remains guesswork, gut feel and good luck for me. Still believe UK inflation has pretty much peaked which could be a catalyst for some upward movements next week.

Just my random thoughts. Regards, MrA

For the record the Buy-backs started yesterday. just over 10m purchased and cancelled yesterday. For what it was worth… See Barc Live RNS icon to the right of the Barack Share Chat icon.

Regards, MrA

Warsaw, well said. More chance of backing a winner at Cheltenham time thinks?

Regards, MrA

…that inevitably will affect the Stock Markets. Not an exhaustive list, but key dates nonetheless.??

Tue 14 Mar 23 US Inflation Figures (for Feb 23)
Thu 16 Mar 23 European Central Bank (ECB) Rate Announcement
?Fri 17 Mar 23 EU Inflation Figures (for Feb 23)

Wed 22 Mar 23 UK Inflation Figures (for Feb 23)
Wed 22 Mar 23 US Federal (FOMC) Rate Announcement
Thu 23 Mar 23 UK Bank of England (BOE) Base Rate Announcement

Regards, MrA

…that inevitably will affect the Stock Markets. Not an exhaustive list, but key dates nonetheless.??Tue 14 Mar 23 US Inflation Figures (for Feb 23)
Thu 16 Mar 23 European Central Bank (ECB) Rate Announcement?Fri 17 Mar 23 EU Inflation Figures (for Feb 23)

Wed 22 Mar 23 UK Inflation Figures (for Feb 23)
Wed 22 Mar 23 US Federal (FOMC) Rate Announcement
Thu 23 Mar 23 UK Bank of England (BOE) Base Rate Announcement

Regards, MrA

The latest update from City AM. The sentence that pricked up my ears was: “Most analysts expect that sell-off to continue this week.”

Regards MrA

https://www.cityam.com/silicon-valley-bank-uk-what-we-know-and-what-we-dont-on-sunday-evening/

Typically with Mergers and Takeovers, the stock price of the Aggressor normally goes down with the price of the takeover target going up. I appreciate that the takeover target here is ‘dead in the water’, so the markets will decide whether the ‘emergency takeover price’ paid by Barclays, if it indeed buys Silicon Valley Bank, is a bargain price or not… and reflect it in Barclays share price within minutes of any Purchase announcement made. But as we have seen the markets remain anything but “normal” at the moment.

Regards MrA

Evening All,

What a day… Definitely worth a read.
https://www.reuters.com/business/finance/global-markets-banks-wrapup-1-2023-03-10/

Regards, MrA

Long way to go but… 152.22p on opening!? Just ripped the curtains off the pole!!!!

Regards MrA

…and who knows where the share price will settle. Curtains violently twitching so much so, that I’m sure I’m sending a message by semaphore!!

Good Luck All, Regards MrA

Jay K, only rubbing my hands because it is so blinkin' cold!!! Brrrr!!!

Still 'curtain twitching' for a buy. I advised that I had lowered my potential Buy in price. Still looking to buy a big lump, just looking at Financial Calendar Dates amongst many things.

Hope you are well my friend?

Regards, MrA

....followed by a 5% - ish rise of circa 8p (not 5p) because of Buy backs.

Apologies, ipad has died, is out for repair and is yet to be returned. I have been using my small phone with fat fingers, hence the catalogue of spelling and grammar mistakes recently.

Regards, MrA

Morning All,

Classic see-saw behaviours with the Share price in the last 5 days or so to me. It get's close to circa 1.76 then falls back close to 1.71. No great signals one way or the other for a direction of travel. I suspect the 'manipulated' move up may be seen when the Buy-backs begin?

For myself, my simplistic thinking is a potential purchase circa 1.70p, followed by a 5% - ish rise of circa 5p because of Buy backs then a rinse and repeat exercise. Still 'curtain twitching' to quote MrWolf before I jump in with my 'big lump'.

I stress purely my random thoughts at the moment.
They are not form of guidance, suggestion or persuasion.
Please MYOC, DYOR and GLA. Regards MrA.

Mr Marmite a.k.a. Independent analyst Alistair Strang gives his latest chartists' view on the FTSE 100 lender, giving both sides of the coin.

Make of it what you will.

Regards, Mr A

https://www.ii.co.uk/analysis-commentary/what-next-barclays-shares-ii527072?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_270223%20(1)&utm_content=newsletter&spMailingID=24567363&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=2175144420&spReportId=MjE3NTE0NDQyMAS2

Evening All, as per title just a tad more detail via the link.

Life is all about timing to me. Is now really a good time to be buying a Mortgage Company? I suspect the standard answer is that the purchase is for the long term?

Regards MrA

https://www.sharesmagazine.co.uk/news/market/1677673265879171100/barclays-completes-acquisition-of-kensington-mortgage-

MrWolf, if you're ever in the Midlands then the offer remains.

Good Luck My Friend, Regards MrA

JayK,
A very small world indeed. The next time I get a profitable deal, (tempting fate) we'll have to meet up at a fantastic Award Winning Indian Restaurant I know in Shifnal. My shout... i.e. The Shifnal Cottage. They do a fantastic Monkfish amongst many other things.

If you should venture on your own just say Mike the Italian sent you and Abdul will look after you and yours like royalty.

MrWolf are you localish by any chance either? More than happy to extend my hand of gratitude to you also.

Between the pair of you, you have both either consciously or unconsciously through sharing your thought processes and deals have helped me to arrive at my own decisions, sometimes in unison, sometimes in an opposite direction.

Best of Luck to you Both, Regards MrA

Morning JayK,
Where is 30 minutes away? I automatically assumed you were London based. You know what assumptions are?

Regards, MrA

Morning All,

Ican't remember the last time i posted anything by the Investors Chronicle, this one is hardly fresh being at least 4 weeks old. But if taken at face value, could add some value.

Regards, MrA

the link: https://www.investorschronicle.co.uk/news/2023/01/27/the-shares-brokers-are-backing-this-year/