Member Info for MrAltruistic

dividendchaser,

"Mr A my original investment in Barclays was at 177p last Friday just looking to get back 650 pounds on a bad trade ..."

You've got £403 (gross pre-commissions) back today... at 181.54p. i'd be surprised if the shares don't finish above 184p next week (touched 182.90p today) and then you should get your reminder back?

Good Luck My Friend.

Thought i'd post this "general market overview" as it gives an up to date position of the "mood music" of both the FTSE 250/100. Let the trend be your friend and all that? The paragraph that stands out for me is:

"At the moment the pendulum has swung in favour of economic recovery for the markets and the FTSE 100 has some new-found momentum, briefly trading above 7,100 for the first time since February 2020,” says AJ Bell investment director Russ Mould. This might lead some investors to begin eyeing the record high of the index close to 7,900 in May 2018."

https://www.cityam.com/ftse-100-on-track-for-best-week-in-a-month/

Following close of Business last Friday, i said on Saturday "Let’s see where the share price is by c.o.b. Next Friday." I'm thankful to say that they appear to have bounced back somewhat from 176p to 181.54p. So much so that they comfortably closed above my questioned 180p pre-market opening suggestion. That said, still some ground to make to reach the 12-month high 190p with hope they finally breakthrough in the next week or so? With the early posters (thank-you) advising that the Sherborne Investors stake had been sold this clearly had a significant affect on the price. Onwards and Upwards? I certainly hope so.

Good Luck All.

Old_Warrior, thanks for the Telegraph. Appreciated.

Good Luck My Friend.

As per my title, if the price could close above 180p today then I suspect it may start it’s inching it’s way forward to the 190p glass ceiling. Could the “imminent” Dividend Update/Share Buy Back 2.0 News serve as the catalyst to finally smash through 190p barrier? Or is this just my wishful thinking? Hmmmm....?

dividendchaser, thanks for sharing. Greatest of respect to you. Good Luck My Friend.

dividendchaser, I hope you don’t mind me asking but out of curiosity what was the deciding factor that made you top up with another circa £16k?

Kind regards.

Sunny63, drip buying to average out seems like a good strategy.

I wish you every success my friend.

Good Morning bald_eagle,

The quote you refer to from the Investors Chronicle is indeed somewhat ambiguous.

I read it to mean that if the recovery is more damaging than anticipated i.e. debt exposure defaulting, the BofE continuing with Bond Purchasing (tbc today), extended low margins being returned on UK Banking activities THEN our exposure to these UK activities mean an even longer return to 2019 levels of profitability for the UK side. If the US side starts to slow in unison then the perfect storm could materialise.

I guess the fact that the billions that have been put aside for potential UK loan defaults at least ‘balance out’ the negatives?

I stress, this is my interpretation of the Investors Chronicle sentence of "....is Barclays too exposed to activities caught in the transition?" And may not necessarily be correct.

Good Luck My Friend.

Sunny63, topping up on dips sounds sensible. Today should give some indication as to the current trend of the price movement of this stock i.e. with the FTSE100 looking to be trading today within the bracket of ‘flat to a small/moderate uplift’ then will this share follow by association? Is it just me or does it feel like it’s been a hell of an almost long week since last Fridays’ Results?

Good Luck My Friend.

Sunny63,

Many thanks for your kind words. I’m not sure of your current position with this stock. But if you are holding, then I keep my fingers crossed that you are staring at profit?

Good Luck my Friend.

Sharecast expands on the title along with quotes and views from Barclays Annual General Meeting of today, 5th May 2021.

Barclays told shareholders it would expand its investment banking business as rivals scale back and the bank stressed the importance of its universal banking model.

https://www.sharecast.com/news/news-and-announcements/barclays-targets-investment-bank-expansion--7910128.html

Analysts at JP Morgan reiterated their ‘overweight’ stance and 210p target price on shares of Barclays, telling clients that the lender’s earnings recovery was on track despite the management’s messaging on costs.

https://www.sharecast.com/news/broker-recommendations/jp-morgan-stays-overweight-on-barclays-says-earnings-recovery-on-track--7910172.html

Looks like making Profit is more important than green matters for the Barclays Shareholders?

https://www.morningstar.co.uk/uk/news/AN_1620223637076774000/barclays-shareholders-reject-campaigners-climate-change-call.aspx

The Investors Chronicle always tend to have a more detailed view than some of the competition.
Worth the full read via the link.

Here is their summary for those that may just want to get to the point.

“ There is a value argument for the shares. The bank is priced at less than 0.7 times its tangible net asset value, so is hardly an expensive play on the global economic recovery.

The trouble is, what shape is that recovery going to take and is Barclays too exposed to activities caught in the transition? Then there is the question of time. How soon will the regulators be happy that the retail and small business lending operations are healthy enough to slacken the reins on dividends?

The tier one capital ratio, the proportion of high-quality capital reserves, is cause for optimism at 14.6 per cent. But the long-term investment case will rest on more than getting through the next few months of impairment risk.

Upward pressure on rates is positive for net interest income, the profit from lending, but restructuring the retail business, including a huge review of property assets and branches, is a cost that can eat into the overall return on equity for shareholders. Ultimately, Barclays' shares are still cheap because there are so many uncertain variables.”

https://www.investorschronicle.co.uk/news/2021/05/05/barclays-struggles-to-convince-for-the-long-term/

dividendchaser,

“you even got a trader bought at 174 today and sold at 174.82 maybe he made enough for a happy meal at McDonald's?”

Ha... ha... ha... made me laugh. Well done!

dividendchaser, you make some fair points. Short term though, personally, I have moved from a neutral position to a positive one... certainly until September anyway where storm clouds may have formed? My naive rationale includes:
1. Booming property sales still to feed through to the bottom line of Barclays.
2. Dividend Policy may* secure more Institutional Investor Funds ( on behalf of Personal Investors) whom only purchase Dividend Paying Stocks.
3. Lockdown being confirmed as over for the UK meaning a feel good factor returning along with sales in the entertainment and food and drink sectors.
4. Disposable Income of Mr and Mrs Average being used to spend, spend, spend here in the UK.
5. A significant increase of UK staycations meaning more income being spent here and not abroad.
6. Euro 2020 being played in June 2021 proven to show an increase in alcohol, food and related sales to the UK economy.

More than happy for someone to balance out the positives with negatives including:
1. End of Stamp Duty in June.
2. Bounce Back Loan Defaults to commence in June?
3. Increase of Inflation.
4. Failed Business numbers to filter through from September onwards.
5. Furlough to end in September.

That said, the world seems to be short term and I think the positives outweigh the negatives in the stock market.

I stress all imho please MYOC and GLA.

A decent little read this morning from the Evening Standard (Daily Mail).

FTSE 100 set to jump after tumbles yesterday as Barclays bonus plans come under scrutiny.

Barclays shares will be in focus as it tries to convince investors it is right to be bumping up the amount of cash it sets aside to pay big bonuses to staff. Last week, chief executive Jes Staley set aside £335 million extra for the bonus pot for the first quarter for his investment bankers.
It’s optional whether he pays that all out, but markets have been taking a dim view, punishing the share price brutally on Friday.
His attempts to explain his thinking yesterday to analysts only led to more selling amid fears of a political backlash at a time when so many Brits have been suffering poverty from the Covid crisis.
Staley argues that if he doesn’t compete with the Wall Street banks on his turf, he’ll lose his top talent, and surely that argument holds some water no matter what the UK politicians are likely to say.

Given that he is the one UK bank with a proper investment banking arm, Barclays will get more political and media heat over the issue than Lloyds or NatWest, which shrunk their investment arms after the financial crisis.

Investors today, however, may feel that the weakness in the share price has gone too far and begin nibbling at Barclays stock again.

https://www.standard.co.uk/business/ftse-100-shares-barclays-ao-world-ocado-b933269.html

...What with the Dow Jones clawing back an almost 350 point loss at one stage to finish at 9.00pm UK time up a minuscule 2 po8nts and FTSE Futures all currently looking positive at the moment.

*should = No guarantee

Muffster, Good Luck my Friend!