Member Info for MrAltruistic

MrWolf,

Thanks for your reply and update. My Limit Order does the work for me i.e. I choose my price to Buy or Sell and then if the price reaches it, triggers the transaction. My learning in the last 12 months is not to set a round amount. Hence, I set 152.20p and t was fulfilled. Yet if I had set 152p dead it would not have been ‘hit’.

Hope all I well with yourself and ‘her indoors’.

Good Luck my Friend.

Regards MrA

Morning All,

A short to the point piece here. Worth a read even to the non-chartists.

https://www.ii.co.uk/analysis-commentary/should-you-still-be-optimistic-about-barclays-shares-ii526352?utm_source=&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_191222%20(1)&utm_content=&spMailingID=23342036&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=2134808382&spReportId=MjEzNDgwODM4MgS2

Regards MrA

Evening All,
A write up here, with Analysts/Brokers lates views on the two stocks of Lloyds and Barclays.
Not sure there is anything new here… but worth a read, none the less.

Summary:
Both banks fundamentally operate at a high level based on their financial performance and earnings outlook. The full support from the analysts also implies their faith in the bank’s underlying business.

These banks have shown great success in recovery with high cash reserves and could be a perfect addition to the portfolio. Not to forget their high dividend yield, which makes them suitable for income investors as well.

Regards MrA

https://www.tipranks.com/news/global-markets/these-two-uk-banking-stocks-are-analysts-favourites#_=_

Morning All,

The big question is whether a manipulated “Santa Run” will arrive prior to the Stock Market Closure at 12.30pm this Friday 23rd December.

My gut feel is yes, like pigs round a trough. That said… who knows? Either way, time will make things clear.

Good Luck All,

Regards MrA

Warsaw,

Many thanks for your kind words. I just feel now is a good entry point with a collection of potential upswings certainly between now and full year results date of Wednesday 15th February 2023.

Not sure if you are holding, folding or have walked away but Good Luck my Friend.

Regards MrA

razzledaz,

Many thanks for your kind words. I hope you are keeping well my friend?
Not sure where you are with this stock at the moment but keep my fingers crossed for you.

Kind regards, MrA

Good Evening MrWolf (and all), I appreciate that you normally have the “weekend off” so don’t expect a reply from you as such. Yes, great minds and all that! A collection of reasons of why I bought in at this price and got exceptionally lucky to buy at almost todays bottom price. Famous last words? We all play the game differently but my exit strategy today is either circa 10% return of let it run until the February 23 results… whichever comes first. Went “all in” with my lump within my ISA, so no CGT or Tax Return Issues. Not sure what your strategy is but are happy to listen.

Good Luck my Friend!

Regards MrA

Via confirmation of my Buy Limit Order.

Not a form of advice or guidance.

Please make your own choice and undertake your own research.

Good Luck All

MrWolf,
I hope you are well my friend? Driving to Malta? My God… a journey and a half in my eyes. Hadn’t been for 20 years and luke warm to the development that had taken place. But as far as a cheap week goes, couldn’t knock the accommodation, food or weather. Many thanks for your updates on your trades. Very interesting… thank-you for sharing. Truly grateful.

As I think I may have mentioned before, thankfully my traditional buy and sell trades are always within my self-select isa. So today’s announcement via the Autumn Statement of a reduction in CGT won’t affect me directly.Similarly, I’m not an Investor for Dividends, so again no direct downside for me on that point. That said, I need to read up on all other elements of today’s announcement as I’m sure that I will be hurt in other ways. I’m sure I read somewhere of Andrew Bailey being described as the worst B of E Governor of all time. If I find the link, I’ll post it.
Anyway, I’m still sniffing around for my own re-entry point for my ‘lump’. Typically looking for a circa 10% return give or take on my capital, so are struggling to see very short term how £1.55 can turn into £1.70 at this precise moment in time. As seen, the trend and momentum can change very, very quickly in either direction, so who knows? I may get one final purchase in before the year end, even more so if £1.45 or less were to return but will not be rushed.

Any updates or thoughts from Chartists on the Barclays Price Movement actively encouraged and listened to.

Good Luck All, MrA

An update on headcount reduction in one part of the bank.

Regards MrA

https://www.efinancialcareers.com/news/2022/11/barclays-cutting-juniors

Deutsche set a target price of 230 GBX for the company, which when compared to the Barclays PLC share price of 154 GBX at opening today (09/11/2022) indicates a potential upside of 32.9%. Trading has ranged between 132 (52 week low) and 220 (52 week high) with an average of 41,896,067 shares exchanging hands daily. The market capitalisation at the time of writing is £24,274,174,377

Ho-de-Ho!

Good Evening MrWolf, I hope all is well my friend? I had a wonderful cheap, warm week in Malta. 22c in the shade in November! I’d recommend it to anyone, if you have the funds and the time. Good to see you are on top form. Thanks, for your entertaining updates.I’ll start searching the net for some Barclays news now.

Have a great weekend. Mr A

Evening All,

I go away for just one week and all Hell breaks loose… LOL!
Did someone call the Pronunciation Police? https://youtu.be/9ZrAYxWPN6c
Tongue firmly in cheek…

But seriously, the key dates are being ticked off one by one:

Thu 10 Nov 22 US Inflation Figures (for Oct 22)
Returned at 7.7% from 8.2% and the market jumped.

Wed 16 Nov 22 UK Inflation Figures (for Oct 22)
Any bets anyone?

Thu 17 Nov 22 UK Autumn Statement a.k.a. The Budget.
Thu 17 Nov 22 EU Inflation Figures for Oct 22

I come in peace and my best wishes and luck to all,

Regards MrA

Markets struggled to interpret the central bank’s stance, with stocks jumping after the statement was released, then sinking after Powell warned in his press conference that rates would top out at a higher “terminal” level. The S&P 500 index closed down 2.5 per cent in New York while the tech-heavy Nasdaq fell by 3.4 per cent.

Powell was speaking after the Federal Open Market Committee voted unanimously to increase the federal funds rate to a target range of 3.75 per cent to 4 per cent.

Morning All,

Another decent detailed write up imho from SeekingAlpha.

Final Word On Barclays Stock

Despite numerous headwinds, we believe Barclays stock is a buy. The bank exhibits strong core growth with fixed income and cash transactions lending a helping hand. Furthermore, the firm's private banking division is proliferating while its capital adequacy ratios are safe and sound.

Various risks pertaining to the broader economy and the stock's quantitative metrics must be considered. However, ultimately Barclays' deep value prospects overshadow most near-term headwinds.

Regards, MrA

https://seekingalpha.com/article/4549705-barclays-q3-earnings-juxtaposed

*Juxtaposition = the act or an instance of placing two or more things side by side often to compare or contrast e.g. Hot and Cold, Black and White etc

Regards MrA

A decent write-up here imho, from Richard Hunter at ii, following the Q3 results from Barclays and the markets luke warm shoulder shrug reaction.

Summary:

"The strength of the quarter repairs some of the dents from the year, but the outlook remains inevitably cloudy. The ongoing impacts of inflation, a possible global recession depending largely on the aggression of central bank rate rises and the deterioration of real incomes all have the potential to upset the apple cart further. The US over-issuance debacle could prompt some governance concerns, and the coming months are likely to provide further stern challenges.

The share price has tended to reflect the glass half-empty school of thought, having declined by 25% over the last year, as compared to a dip of just under 4% for the wider FTSE 100. This performance has overlooked the potential which Barclays carries, even though there are fires to be fought in the meantime. However, the general view remains positive, and the recently completed £500 million share buyback and a dividend yield of 4.2% are indicative of a generous shareholder return programme enabled by strong cash generation. As such, the market consensus of the shares as a buy is likely looking through today’s challenges to the potential rewards of tomorrow, with the benefits of diversity overcoming adversity."

Regards, MrA

https://www.ii.co.uk/analysis-commentary/barclays-diversity-gives-bank-resilience-face-adversity-ii525759?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_261022%20(1)&utm_content=newsletter&spMailingID=22357644&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=2095842805&spReportId=MjA5NTg0MjgwNQS2

Good Evening Roofer61,

Yes, the Bank of Georgia Group has had a stonking performance in the last 6-7 months, assuming you had the bravado and/or luck to get anything close to the bottom. I distinctly remember around 7th March (family Birthday) and a couple of weeks after Russia invaded the Ukraine that the share mid-price for this company sunk below £10.00. Now standing at circa £21. Not a shabby return at all.

That said, lots of caveats for an ‘old fashioned’ investor like me including:but not limited to:
a) Spread difference between Buy and Sell Price.
b) Restricted Order Fulfilment on ‘average’ daily volumes being a tiny circa 115,000 per day.
c) A market cap of just over £1bn

Even so, a bloody good return in anyones eyes.

Hope you are keeping well my friend.

Regards, MrA

I do like the detail from SeekingAlpha. Worth a read imho.

Regards MrA

https://seekingalpha.com/article/4548282-credit-suisse-vs-deutsche-bank-vs-barclays-which-bank-should-you-buy

Russ Mould, AJ Bell's Investment Director, discusses Barclays' upcoming third-quarter results, along with the European Central Bank's latest monetary policy meeting.

Regards, MrA

https://www.youinvest.co.uk/video/breaking-mould-barclays-third-quarter-results-2022