Member Info for MrAltruistic

Crunchynuts, I’m not sure I fully understand your questions but I will try to answer as best I can.

1.Shares can be held by Private Investors or Institutions.
2. Once they have been sold and in this case bought back by Barclays and cancelled, they no longer exist. The share Volume numbers mentioned are to indicate they have been bought-back, cancelled and no longer exist.
3. I can not remember off the top of my head but there is a set timetable associated to receiving a Dividend e.g. If you were the owner of shares as of “X” date then you would still be entitled to a Dividend even if you had sold them thereafter following the day “X”. Hence the phrase “excluding-dividend” I.e. ex-div. I suspect someone could confirm the last date as a holder of shares you would be entitled to a Dividend?
4. Don’t confuse Dividend rights with Voting rights. The former allows you to receive a small income the latter allows you to vote on resolutions proposed by the board.

Not sure if this helps?

p.s. razzledaz, no offence meant, I come in peace and purely exchange my views for others. Please keep posting my friend.

razzledaz, yes my friend, I think you have completely missed something... it’s called, page 1... the supply and demand affect on a stock price.

I was not expecting the buy-back process to play out over four successive dates, with a “little” and often buying approach which has had no real significant effect on the share price.

I would have expected, for true maximum shareholder benefit, say seven trades of a £100m spread over 12 months e.g. a £100m purchase of shares at circa £1.80 = circa 55.6m volume of shares.

This volume of share purchases via just one trade would/should bump the price up in one day alone by more than 4p! The market makers would struggle to fulfil orders forcing the share price up.

Looking at the volume of shares traded in February 2021, as the last complete month, shows:
the smallest daily volume trade of 22m on 09.02.21 opened at 147.24p closing at 147.70p
the biggest daily volume trade of 110m on 15.02.21 opened at 148.34p closing at 153.02p
average daily volume trade of 51m for February 2021... the month of the Annual Results.

February trades, even as a slightly shorter month is typical of Barclays average daily trade per month. January 2021 shows the average daily volume trade of £46Are you seriously telling me that if “one” purchase of 55.6m in one day, to match the average day’s monthly trade of shares took place that the share price would only go up by 4p?

This is now four days on the trot.

Since the commencement of the share buy-back programme announced on Friday 19 March 2021, the Company has purchased 61,441,060 ordinary shares on the London Stock Exchange in aggregate at a weighted average price of 181.9991p per ordinary share.

That is just shy of £112m spent on buying the shares and still scratch my head as to the true benefit?

https://www.lse.co.uk/rns/BARC/transaction-in-own-shares-sdh8mjwplhoawem.html

UBS favours Nordea, ING and Barclays and believes further growth in the share price up until the first half of 2022.

A short and positive read.

https://www.lse.co.uk/news/BARC/live-markets-time-to-ditch-bank-stocks-qy283ul7gasdy3j.html

This is now three days on the trot and the common share performance pattern is that it initially drops to 178p on opening and then climbs 3p+ during the day.

https://www.lse.co.uk/rns/BARC/transaction-in-own-shares-gdf0mu9auoarksa.html

WMMG, really happy your banking some profits... long may it continue. Good Luck My Friend.

Another 15,589,400 shares bought back and then cancelled with an average price of 183.1517p meaning another £28.5m spent and again the share price goes down. Trading Volumes yesterday were circa 102m meaning that 15% of the trades were buy-backs.... Hmmmm....

"Europe remains the second-biggest market for high net worth after the U.S., roughly 20% of the total global market, and we see opportunities to grow our market share in countries such as France and Italy where there is still strong creation of wealth."

https://www.lse.co.uk/news/BARC/barclays-expands-private-bank-to-france-and-italy-i5877l8el52vh5a.html

... and raised their target price to 210p from 190p and retained an ‘overweight’ rating. The bank said they saw “significant value” on Barclays and forecast “medium term recovery potential in UK retail, US Cards as well as Transaction Banking/Payments”.

The investment bank also said the outlook for domestic UK net interest income (NII) is “improving significantly”.

Other UK Banks mentioned in this piece.

https://www.proactiveinvestors.co.uk/companies/news/944482/lloyds-up-to-overweight-as-jp-morgan-says-underperformance-likely-to-end-for-uk-banks-944482.html

Evening All,

A Chartists View... indicating near term upside potential to 190p and then a step up to 224p. For the prediction to go to wrong and things to unravel then 145p should start the panic bells ringing.

https://www.ii.co.uk/analysis-commentary/barclays-its-share-price-due-serious-boost-ii515525?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_220321%20(1)&utm_content=newsletter&spMailingID=12645761&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1714931481&spReportId=MTcxNDkzMTQ4MQS2

razzledaz, we can’t tell until after the announcement. Whose to say that today’s uplift (so far) may be partly due to more buy-backs? As for the uplift of 4p, typically, you, me and everyone else only really benefits from this IF you sell. If you intend to hold and the price reverses at any stage in the future then the 4p “benefit” has evaporated. Hence, I really struggle to see the true benefit of a buy-back unless you are monitoring to sell?

All imho please MYOC and GLA

...even with purchases of 14.7m which turned out to be circa 11% of the 133M Volume *of trades of Friday 19th March, the share price was still down on the day.

razzledaz, yes, RNS announced at 7.30am this morning with the precise averaged price turning out to be 181.0246p. Bottom line is that even with purchases of 14.7m which turned out to be circa 11% of the 133M Volume the share price was still down on the day. Is it just me or do you see this purchase and cancellation of circa £26.6m value of shares non-value adding? I understand the rationale of supply and demand but I’m still yet to be convinced this approach is a good resource of shareholders funds.

Official RNS: https://www.lse.co.uk/rns/BARC/transaction-in-own-shares-2vbjaxi8469s71j.html

BARCLAYS now have 19 analysts covering the company. The range between the high target price and low target price is between £2.70 and £1.55 with a mean Target Price of £2.22. With the shares previous close at £1.84 this now indicates there is a potential upside of 20.7%. The day 50 moving average is £1.61 and the 200 day MA is £1.34. The market capitalisation for the company is £32Bn

https://www.***************************/barclays---consensus-indicates-potential-20.7-upside/412970291

Sigma1, always extremely appreciative of your Technical Analysis. Really appreciated, long may it continue. Thank-you.

OLR, fair enough. Good Luck my Friend.

OLR,
Thanks for your reply. Do you see £2.00 being breached by 30th April - Q1 2021 Results Date?
Don’t worry, you won’t be shot down in flames... I’m just curious as to your positive outlook and guesstimates. All others are free to contribute especially if they can give a simple rationale as to what they see as the stimulus/rationale. The direction of travel doesn’t necessarily need to be positive but that is certainly the mood music at the moment.

WMMG, always a pleasure to chat with you. I ‘m doing well my friend. I know I can talk numbers with you with no sensitivities either way and vice versa. I have only placed one swing trade lump sum year to date whereby I placed £30k in January and managed a 17.11% return in just 22 days after selling out at 154p dead so I was more than happy with that. Even after all fees, pretty much hit my £5k Holiday target for the year. I honestly didn’t expect to see north of 180p until Q3 onwards.... but that’s the markets for you. Still holding a decent lump averaged at 120p but in no rush to do anything with those. 180p may be the new ‘floor’ so a new trading opportunity could be likely, but I’m still in the “Hold” camp at the moment. Unless I can feel/see a 10% return I will remain on the sidelines. How have you got on with BP? Clearly a spring in your step, so hopefully you’ve made some good returns on your multiple trades with oil prices strongly rising? I hope so. You sticking with your oilies or looking at a possible Barclays flutter? Is it just BP you’re trading?

onelongrunner, what effect in pence would you anticipate the financial services deal having on the Barclays Share Price?

Anticipated thanks.