Member Info for MrAltruistic

A longer read which I suggest raises more questions than gives answers. As a short term play, I still have no real conviction as to how the market will react in just under a fortnights time.

Good Luck All

https://www.investorschronicle.co.uk/shares/2020/04/22/what-to-look-for-in-q1s-for-lloyds-barclays-rbs-hsbc/

HSBC Tue 27 Apr
Lloyds Wed 28 Apr
Nat West (RBS) Thu 29 Apr
StanChart Thu 29 Apr
Barclays Fri 30 Apr

A longer read which I suggest raises more questions than gives answers. I still have no real conviction as to how the market will react in just under a fortnights time... hence keeping my powder dry.

Good Luck All

https://www.investorschronicle.co.uk/shares/2020/04/22/what-to-look-for-in-q1s-for-lloyds-barclays-rbs-hsbc/

HSBC Tue 27 Apr
Lloyds Wed 28 Apr
Nat West (RBS) Thu 29 Apr
StanChart Thu 29 Apr
Barclays Fri 30 Apr

From yesterday...

“The positivity in US bank stocks has not really permeated across the Atlantic, with only Barclays seeing any real bullish read-across from today’s earnings,” said IG chief market analyst Chris Beauchamp.

“UK-focused names NatWest and Lloyds have been quiet for most of the day, although the general bullishness on global banking stocks among investors is still evident.”

I have purposefully posted this piece on here as the succint reasons for buying Lloyds bank could, in theory, be viewed as the same reason for perhaps buying Barclays? i.e.

"Barclays says it expects to see improving domestic income (mortgage tailwind, steeper yield curves), strong investment bank revenues, benign asset quality (case for write-backs building), and robust capital ratios with the focus shifting to likely second half dividend restarts."

https://www.proactiveinvestors.co.uk/companies/news/946687/lloyds-banking-shares-favoured-again-this-time-by-barclays-946687.html

This is an interesting read which indicates that no one really got a true bargain because of a mistake.

“ The London Stock Exchange halted trading in Barclays shares under its rules to ensure an orderly market. An auction followed allowing investors to place orders to find the price that reflected the aggregate of buy and sell orders. That process, while unusual, applies to the biggest FTSE 100 stocks if they unexpectedly move up or down 3% or more.”

https://www.wsj.com/articles/barclays-stock-tumbles-in-mini-flash-crash-before-quick-rebound-11618396907

Thanks to Saurus this morning for being out of the traps with this news. I was sitting on the train thinking what skeleton has come out of the cupboard today then?

https://www.bloomberg.com/news/articles/2021-04-14/barclays-declines-9-9-most-in-a-year

ximtwo, if the trade is described and more importantly can be proven as “erroneous” i.e. an error then the trade should be cancelled by your broker. The frustration would be if, like me, you have a 30 day pending limit order (to purchase) at 165p and it had been fulfilled, the broker could renege on the deal. That said, according to Bloomberg, no transactions appear to have been reversed. I guess they know better than you or me? I’ll search for their post.

US Banks reporting season kicks off this afternoon and realistically could set the tone for the UK and Europe as a “hint” of what to expect? Will the expected strong performance be the catalyst for Barclays to break the 190p level and finish the day above this ceiling? Or is all the good news already baked in i.e. the probability of Bad Debt Provisions being returned back to Shareholders/Balance Sheet?

For day traders/short term traders/swing traders there is a real gambling decision to be made.

Wednesday 14 April
JP Morgan
Goldman Sachs
Wells Fargo

Thursday 15 April
Bank of America
Citi

Friday 16 April
Morgan Stanley

Interesting news here I think?

Barclays will take over Gap’s private-label and co-branded credit cards, including Athleta, Banana Republic and Old Navy, Gap confirmed Tuesday morning after The Wall Street Journal reported on the decision. The portfolio includes some 11 million open card accounts, according to people familiar with the matter, with total balances of roughly $3.8 billion at the end of March.

https://www.wsj.com/articles/gap-to-replace-longtime-credit-card-issuer-synchrony-with-barclays-11618304403

A decent little read here which initially focuses on the reasons why the Barclays Share Price has, to date, done well and is anticipated to do well in the Q1 reporting season, subject to following the lead of the American Banks that report in the next few days.

That said, the financial journalist rates the shares as Neutral/Hold which is what the detailed report of seekingalpha.com also arrived at on Sunday.

https://www.investingcube.com/barclays-share-price-at-a-key-level-ahead-of-wall-street-earnings-shares/

A 2 minute read expanding upon the title. Disappointingly, no target prices quoted within.

https://www.proactiveinvestors.co.uk/companies/news/946296/uk-banks-still-look-good-says-credit-suisse-upgrades-barclays-and-natwest-946296.html

This months summary.

Among the analysts covering Barclays, there are currently:

4 Buy recommendations
6 Hold recommendations
0 Sell recommendations

https://www.stockopedia.com/articles/do-analysts-think-that-barclays-is-a-buy-hold-or-sell-207664/

nikylauda, many thanks for the detailed seekingalpha.com link. I hope you don’t mind but I have copied and pasted the Summary/Conclusion below.

Conclusion

BCS spent many years tackling organisational complexity and legacy litigation and conduct issues. I think that the FY20 result demonstrates that the group is in good shape, and that the business is deserving of a "high quality" label. I like the diversification that an investment in BCS delivers.

But my fundamental opinion on an individual stock ultimately comes down to absolute valuation. At £1.857 per share, I cannot get overly excited about the prospects for future excess returns from BCS. I therefore continue to rate BCS as Neutral/Hold.

Given the current downside sensitivity of equity markets to upward bond yield movements, exposure to banks that are leveraged to increasing interest rates may still be a sensible play as part of a diversified portfolio of equities.

Evening saurus,

Apologies for the delay in replying. If I get a five minute break at work, I tend to have a quick glance on the board and check the FTSE, Dow Jones and Barclays to see what has been happening.

Do you use automatic limit orders to execute automatically on your behalf? The 5p range, even with my lump and if I got my timing right, would only generate £700 net. Which don’t get me wrong is not to be sniffed at but from my perspective, on a risk reward basis is a little too risky for my blood.

Any worthwhile longer term signs from a TA perspective that you’ve noticed per chance? It really could do with a push to break this marching on the spot position for me, in either direction.

Not sure what to expect at Q1 Result date. Not too much shouting about from the US operations in the last quarter in addition to the announcement of some redundancies over there indicates to me a potential reduction in performance? UK side, maybe a little early to show a pick up but certainly expected later on this year.

Good Luck with your trading my friend. No such thing as a bad profit!

silverhorse, that’s exactly the question I am also asking myself. Nothing stands out? Hence, I remain neutral/hold... albeit with the fluid markets I could change my view pretty quickly. Any ideas as to a catalyst either way? I see the share price nudged 190p today for the third/fourth time year to date but it just won’t seem to stick.

Good Luck my friend.

Could today finally be the day that the shares break 190p and actually stay and close above it?

A logical 2 minute read via the Evening Standard (Daily Mail)...

Summary:

“ The “reopening trade” — buying shares in leisure, travel and the rest ahead of lockdowns’ end — has already happened.

For UK banks, less so. That makes their shares good value.

There’s a risk - a big risk - the spending boom will peter out next year. But it’s a gamble worth taking.”

https://www.standard.co.uk/business/bank-shares-economy-lockdown-covid-lloyds-barclays-b928313.html

A decent summary of what has happened in the last 12 months or so.

“The question now is how much further the share price can go after an impressive recovery?”

Unless I have missed it, no answer is given to the question raised within? Anyone?

https://ukinvestormagazine.co.uk/barclays-share-price-back-above-its-pre-pandemic-high/