Member Info for MrAltruistic

Especially dedicated to bald_eagle… I smile as type as I sense a somewhat inevitable reply of the chuckle type cometh?

The key paragraph for me was:

“From our perspective, even above 188.3p is now liable to trigger some 'proper' share price movement, allowing price growth to an initial 199p, with secondary, if exceeded, at a longer term 240p. The historical visuals on the chart suggest we should expect some hesitation at the 240p level, if only due to a series of highs back in 2017. Essentially, there's going to be a bunch of folk who've been trapped for four years, doubtless keen to retrieve their funds, and this invariably produces some selling pressure. We suspect, for the long term, this may prove an error, thanks to an underlying attraction quite a bit higher.”

https://www.ii.co.uk/analysis-commentary/barclays-shares-latest-outlook-price-growth-ii521170?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_230821%20(1)&utm_content=newsletter&spMailingID=14983510&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1816942589&spReportId=MTgxNjk0MjU4OQS2

InvestingCube.com give their latest update on what has happened to the Barclays Share Price (almost) year to date to end with it’s summary of:

“As long as the price remains below 190p, the outlook is mildly bearish. This, of course, turns positive if BARC uncaps this resistance. But for now, the likeliest path is lower.”

https://www.investingcube.com/barclays-share-price-reverses-5-what-comes-next-for-barc/

Good Morning MrWolf, sad to say that free speech appears to be more constrained than ever? Very sad. Anyway, let’s hope that today shows some positive movement today?

All imho please MYOC and GLA

Good Evening LeeRex, I think on the whole this board’s members are a pretty respectful bunch. We don’t always necessarily agree, but unlike the Lloyds Board, we can actually agree to disagree without being rude, aggressive, disruptive and down right nasty. I agree that i.m.h.o there remains some further upside in the Barclays share price, to what level and within what timescale are the two key questions that I wish I knew the answers too. If they can jump the hurdles of closing above 188p then the infamous 190p level then £2.00 should/could follow. However, the only reasons I can presently see for the the first two numbers to be cleared are purely the assistance of BuyBacks and a continued upsurge in the economy. I’m struggling to see much further positive news at the end of the tunnel.

All imho please MYOC and Good Luck my Friend.

Now they have reappeared. Lol.

Very strange…

Good Evening bald_eagle, I guess the point I was trying to make with these two characters is that if you entangle yourself within the slippery nest of the Barclays board of vipers then don’t be surprised if you get bitten on the ar$e!

The background for both of these two events is out there to be understood by all and I guess we can all arrive at our own thoughts and conclusions?

Mine being that neither of these two individuals are “victims” in any sense of the word and will receive no sympathy from me whatsoever. Ultimately they were both personally trying to significantly benefit from riches that you and I can only ever imagine by trying to exploit and/or manufacture a situation with the Barclays Share price through their own assertive behaviours.

This differs significantly to me of trying to benefit of a positive return from the Barclays Share price in a purely passive manner to it’s market movement.

While the recent past CEO’s and indeed present have all “proven” to be anything but trustworthy and receive little praise from me, the one crumb of comfort I have is that both of these individuals tried to financially manipulate Barclays via pure greed only to return with empty plates. Enjoy!

All imho please MYOC and GLA.

Please keep posting my friend.

Good Evening MrWolf, experience beats enthusiasm every time in my book… certainly as I have learned from my own trials and tribulations over the years. Not sure how much the geo-political affects of the Afghanistan situation, over the weekend especially, will have on the markets and for how long but I don’t think they will be anything but negative? If Barclays can hold their own until Friday then this would be a start for my short term gamble monies. Here’s hoping.

Good Luck my Friend.

***if Barclays could close circa 186.50p today to match or improve WEDNESDAY'S pre ex-div price, then that would be a very good week in my mind.

Good Afternoon MrWolf,
I understand that the U.S. 10 year treasury bond, with it's fixed rate interest payable every 6 months, currently circa 1.32% becomes a safe haven for some, but with inflation in play I struggle to understand the continued popularity. I suspect these low rates are part reason of the continued growth of the U.S. Stock indices? i.e. in general, better returns have been gained from stocks rather than 'safe haven' bonds.

As for Amanda Staveley and Edward Bramson, both tarred with the same brush i.m.h.o. i'm afraid. Ultimately they both tried to get richer off the back of Barclays and thankfully both had to swallow their pride, post their falls. I do look at the technicals but from a 'light touch'perspective. Personally, I think you can have too much information at times and that it just muddies the waters and confuses a binary decision of Buy or Sell. I continue to enjoy, read and listen to the Chartists point of view as a general steer rather than religiously following their guidance as from my perspective, their 'finacial weather forecasting' has helped me make decisions to avoiding significant losses as well as confirming my past banked profits .

The Dow Jones futures currently look 2/10ths to the upside, tiny, but upside none the less. With that in mond, if Barclays could close circa 186.50p today to match or improve Tuesday's pre ex-div price, then that would be a very good week in my mind. The trend and momentum remains positive, the only question is for how long. My medium to long lerm 'lump' can remain as is but my trigger finger is getting itch for my short term 'lump'.

All I.M.H.O. and please M.Y.O.C.

Good Luck My Friend!

Analysts at Bank of America reiterated their ‘buy’ recommendation and 225.0p target price shares of Barclays telling clients that the lender had demonstrated its balance sheet strength and its commitment to investing in the business.

https://www.sharecast.com/news/broker-recommendations/bank-of-america-stays-at-buy-on-barclays-eyes-increased-capital-returns--8061323.html

Good Evening MrWolf,
“Don't shoot the messenger but it seems we will have another adjustment before we crack through this current ceiling.” I don’t doubt you for a second, tomorrow is the first “test” for me. Will it lose the circa 2p Dividend Value off it’s price or will it jump the 188p fence with the help of BuyBacks?

The trouble with all Bank Stocks (sweeping statement) at the moment is that there seems to be individual stories in the background holding back their individual prices. Examples can be supplied on demand. The latest I read in the last few days as possible negative for all Banks was the FT headline of “UK Banks face block on High Street closures”.

I also sense some profit taking is imminently due as the FTSE100 has reached New Highs today and the DOW Jones is also at all time highs. None the less, I remain positive short term certainly until 30th September/ end of Q3. As for what the next set of results for Barclays will return, not a clue! The date for everyone’s calendar for the Q3 Results are Thursday 21st October.

All imho please MYOC and GLA.

bald_eagle, ha, ha, ha… agreed. That said, in this crazy world I guess everything has a possibility but in this case I wouldn’t expect the probability to be anything more than single figure percentages.

All imho please MYOC and GLA.

boonie, thanks for the link. Just one word of ‘warning’ to the uninitiated… Jefferies have a habit of being somewhat excessively Bullish on their recommendations.

Good Luck my Friend.

A ‘story’ here about one person’s opinion, namely Matthew Lynn (Who?) about Barclays potentially eyeing NatWest as a takeover target. Really? I sincerely hope not. I suspect this is an example of what Journalists should call a “slow news day”?

https://www.investingcube.com/should-barclays-acquire-natwest-this-analyst-thinks-so-shares/

Anyway, the five line summary on the Barclays Share price:
“The daily chart shows that the BARC share price has been in an upward momentum. Along the way, it has moved above the important resistance at 170p. It has also risen above the 25-day and 50-day moving averages. The shares have returned to the horizontal channel shown in black.

Therefore, the stock will likely keep rising as bulls target the key resistance at 190p. However, a drop below 157p will invalidate this view.”

Good Evening Mr Wolf,
“It appears that we are once again in 'no man's land' and awaiting a kick in the rear.” Beautifully put. Yes… should be an interesting week, all in all, during a notoriously quiet month. A Positive upward movement in a flat market today. The daily BuyBack effect again? I’m still struggling to find any negative press about Barclays in the media at the moment, but as we all know that can change relatively quickly. I hope/sense that some further upward movement is still due on the share price certainly up to the 190p ceiling. If it doesn’t make it passed the 190p+ ceiling on this second occasion, even with the ‘temporary’ £500m BuyBack stimulus, then I’m not sure when it ever will. Here’s hoping. Good Luck My Friend.

All imho please MYOC and GLA

Sigma1, no such thing as a bad profit. Well Done and Good Luck my Friend.

Interim Ex-Dividend Date Thursday 12-Aug-2021 Any purchases from this date onwards exclude any rights to Dividend.
Interim Dividend Payment Date Friday 17-Sep-2021.

Freeposter, thanks for your update. I’m of the view that a leg up is coming with the daily buy-backs. As to where the short term lift will peak? If only any of us knew. The question to me is whether the share price can hold it’s own once the BuyBack money runs out? Wherever that price level may be. Hence, my medium to long term lump can stay where it is but I’m looking to offload my short term lump sooner rather than later. I was hoping to offload my short prior to the Half-year results but the reduced price to that of my 176p purchase made my decision for me.

Good Luck my friend.

Sunny63, no such thing as a bad profit! Well done. Thanks for sharing.and good luck with your future plans.