Member Info for MrAltruistic

Alistair Strang gives his latest update on the potential direction of travel from a Chartists perspective which will always include both a half-full and half-empty perspective.

https://www.ii.co.uk/analysis-commentary/optimists-view-barclays-shares-ii522205?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_061221%20(1)&utm_content=newsletter&spMailingID=16529964&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1890982689&spReportId=MTg5MDk4MjY4OQS2

Investing Cube give their latest update…

https://www.investingcube.com/barclays-share-price-forecast-for-december-2021-shares/

Thursday 16th December is the next B of E Base Rate announcement. One for your Calendar?

The MPC meets eight times a year, following a briefing by Bank of England staff, with each meeting lasting a total of three days. The meetings involve a discussion of the latest economic data from the Bank of England and what policies should be implemented to help the MPC achieve its aims.

The committee votes on the third day, with the interest rate decision published the following Thursday at 7am (UK time). The committee also publishes an inflation report after every other meeting.

https://www.ig.com/uk/financial-events/bank-of-england-meeting-announcement

A decent editorial by Fidelity and a good read for all interested in this subject matter at all levels imho. Whilst the piece does not focus purely on Barclays, it does gives a logical explanation of potential good times ahead. Thoughts anyone?

https://www.fidelity.co.uk/markets-insights/investing-ideas/shares/sector-watch-how-invest-banks/

Yes… I suspect you are right bald_eagle. Constant over-reaction in both directions in the markets.

New York looking to open to the downside currently, so I wouldn’t be surprised to see 180p breached. Hmmmm….

Good Morning All,

Yesterday’s recovery was hardly convincing, so much so that today looks like it is going to be a red day. If 180p is breached then where,is the next level?

Any Chartists out there for an interpretation?

All imho please MYOC and GLA.

Always worth a glance… especially interesting for those that learn visually.

https://www.hl.co.uk/shares/stock-market-summary/ftse-100/heat-map

bald_eagle, many thanks for your kinds words. I hope you are well my friend

Yes… Covid certainly came out of the closet today to shake the tree. I see the FTSE100 sneezed today and it looks like the Dow Jones might have caught a sniffle… if not a cold? In fairness, freeposter makes a very valid point “Anyway, we might see a more realistic value in a day or so when the current buyback ends.” I would not bet against a further fall on Monday. Anyone think otherwise?

Good Morning All,

Buy the Dip or a Sign of things to come?

Hmmmmnn....

Good Luck All and please Make Your Own Choice.

Zacks are back with another “positive push” for the U.S. American Depository Receipt listed stock of BCS.

https://www.nasdaq.com/articles/heres-why-barclays-bcs-is-a-great-momentum-stock-to-buy-2021-10-07

A piece about the market in general not just Bank shares. Worth a read imho.

https://www.cnbc.com/2021/10/07/buy-the-dip-despite-inflation-fears-barclays-says-.html

bald_eagle, Good points well made.

“Again, whilst it may seem unlikely, it is not impossible. But would agree, at this moment in time the likelihood are long odds.”…. In relation to M&A activity for Barclays and the UK Banking Sector in general.

Good Morning bald_eagle,

In part-ex, yes, your responses are rational. I don’t have the figures or links at hand but just a 0.25% Base rate uplift has a significant affect on Profit uplifts for all UK banks. A quick search on Google would confirm.

As for my M&A example of Morrisons, what I was trying to emphasise was (but somewhat poorly LOL) was that bids materialised “out of the blue” for this sector, apparently from nowhere, with the market surprised as no rumours had even been generated that this may happen. Again, whilst it may seem unlikely, it is not impossible. But would agree, at this moment in time the likelihood are long odds.

Anyway, let’s see if the ‘sheep’ can remain in the 190p+ field?

All imho please MYOC and Good Luck My Friend.

PUBLISHED: 22:07, 2 August 2021 | UPDATED: 22:07, 2 August 2021 The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss. CFO Ewen Stevenson predicts the base rate could start moving from mid-2022.

https://www.thisismoney.co.uk/money/markets/article-9853433/BoE-set-raise-rates-earlier-expected-says-HSBC-boss.html

On the negative side a possible American Debt Default is the next “crisis” whereby a conclusion is expected in the next 2 weeks, to coincide with or close to the Barclays Q3 Results. Google it. Great!…. big sigh.

Good Evening bald_eagle, I hope you are well? In respect of…

“ Barc's 'leaked' q3 results would not impact the whole sector.” I would have to disagree on this point. Watch the sector come Thursday 21st October and the announcement of the Barclays results. If they are viewed as positive by the Market and they go up, then watch the majority of the other UK Bank stocks react in a positive manner accordingly.

“ A base rate hike is far far in the future IMO given the state of the economy.”. Interesting one this. I did read from various sources that speculation of a small incremental rate hikes being brought forward for commencement within HY1 of 2022 now looked a possibility. I’ll try and find at least one of the links.

“And M&A in UK banking is news to me....the Yanks & the Chinese prefer something else (IMO).” I’ve gone for my hat-trick of having to disagree on this point also. Bloomberg did an in depth speculation study on Mergers and Acquisitions within the whole European Banking Sector which I did post a link to some months ago. Again, I read somewhere that the US, Chinese and other global Corporate institutions were awash with money sitting in stocks that had grown and therefore were looking to sell up and use there profits to solidify them into something more tangible. e.g. the purchase of Morrisons Supermarket. Where did that auction to purchase it come from… apparently a real surprise out of the blue. Whilst European Banking M&A may not entirely probable that does not mean it is impossible.

Anyway, a healthy opposite point of view but to full respect shown to you.

Good Luck my Friend.

Good Evening bald_eagle, 198.7p or 200p what’s 1.3p between friends? As per one of my earlier posts, imho definitely something bigger in the air I think than a Suisse Credit recommendation. That on the basis that the pretty much most of the UK Bank Sector had a good positive uplift today: As per today’s individual percentage daily uplift as per below… all respectable jump upwards.

Virgin Money 4.79%
Barclays 3.91%
Lloyds 3.84%
Standard Chartered 3.06%
NatWest 3.05%
HSBC 2.29%

Jedi614, thanks for the link.

Good Luck my Friend.

eastern _investor, definitely something bigger in the air I think than a Suisse Credit recommendation, albeit to be fair to their rationale and reasons, they all seemed logical to me. Personally, if I were to speculate then I would not be surprised of any of the following:.
a) “Leaked” news of a better than predicted Q3?
b) B of E Base Rate increase earlier than expectedl?
c) Potential Mergers and Acquisitions in the Sector?

All pure speculation on my behalf. Let’s see what tomorrow brings eh? I hope you get your 205p+ soon.

Best of luck my friend.