Member Info for MrAltruistic

Precisely one week since the Year End Results, will today mark a continued and successive 5 day Positive Rise?

@JayK Norwegian Air Shuttle.... if you excuse the pun, a true “boom or bust” stock. As long as you haven’t thrown the kitchen sink at it, could be one to tell the grandchildren about... whichever way it pans out. Enjoy the ride!

Good Luck All

Rookie1, “The Big Short”... I’ll put that on my Saturday Night movies to watch list. The Wolf of Wall Street is a great film to watch... but a warning that it’s not a family film. Lots of sex, drugs and stocks and shares... based on true events and proving that not all that much has changed in the last 30 years or so.

All imho please MYOC and GLA

JayK... I’m also a member of the “I’m waiting patiently” camp.

Good Luck my Friend

Good Evening causal, Lloyds... I left them alone, never took a punt. Can’t get excited by them.
It would be fascinating to find out the truth of the reasons for the rise or fall on the markets. What is the true reason for the continued rise? Institutional Investors? Private Investors? A confidence that the worst of Covid is now over meaning Bad Debt provisions likely to be reduced? Barclays having significant exposure to the Oil and Travel Industries meaning if they have a good day we have a good day and vice versa? Your guess is as good as mine. On a personal positive note my medium/long term lump averaged at 120p is looking better than expected but in no real rush to do anything with it. Someone on the board said 170p was a coming... and I retorted with “Yes... but not until Q3”. It may well be that you are proven right and I am proven wrong. My sincere apologies as I can’t remember who the poster was but will say... Well Done... almost there.

Good Luck All

Rookie1, the Banks were still rising on the back of some good news feel factor of a defined Covid roadmap. However, Rishi’s Budget of next Wednesday I suspect will deflate this balloon? Apart from the potential US Stimulus Package which if it ever arrives, may become a market anti climax, I really can’t see any significant good news coming until the start of Q3 / 1st July.

I stress I know no more than any other person, this is all Imho please MYOC and GLA.

kassam83, purely from memory, I remember when the 2018 full year results were announced in February 2019 they announced share buybacks were to take place in the future. I suspect a search of the London Stock Exchmage historical searches may give exact dates and amounts?

https://www.londonstockexchange.com/news?tab=news-explorer&headlines=76&period=lastmonth&namecode=BARC

Hope this helps my friend?

Trading DAY...

Forgot to mention... there is a free “Barc Live RNS” icon on this site. If you are using an iPad or PC it is two icons to the right of the “Barc Share Chat” icon. The announcements tend to (but not always) be made towards the end of trading name, certainly after 4.00pm

Sunny63, not trying to Labour the point but as an historic “copy and paste” example from 2002, this states at 4.21pm on 11/09/02 that Barclays purchased and cancelled (same day) on 11/09/02 800,000 of its shares....

REG-Barclays PLC Purchase of Own Securities

Released : 11.09.2002 16:21

.
RNS Number:0698B
Barclays PLC
11 September 2002


Barclays PLC

SHARE REPURCHASE


Barclays PLC announces that on 11th September 2002 it purchased for cancellation
800,000 of its Ordinary shares at a price of 444.12 pence per share.


This information is provided by RNS
The company news service from the London Stock Exchange

END
POSGUUUPBUPPGMG

Sunny63, if a Company buys back its own share (for cancellation) it has to make a London Stock Exchange RNS (Regulatory News Service) announcement on the same day. No announcements made so far https://home.barclays/investor-relations/investor-news/regulatory-news/

Good Evening All,

As per my title, I have included this link that I use, hoping it may be helpful to at least one of you? https://uk.investing.com/indices/banks-components

I tend to use Chrome on my iPad and whilst it is open, I then press the three dots in the top right hand corner of Chrome and choose “new window” and then have this Free and Live Barclays Price link at the same time: https://g.co/kgs/8Ma8zz

JayK, thanks for your reply. My Chartist / TA knowledge is not too far distant from your own descriptions. Even so, I remain lucky/grateful for my returns. Good Luck my Friend.

According to Shares Magazine’s Summary,

DOWNPLAYING THE RECOVERY

However, the bank painted a downbeat picture of the outlook, saying it expects ‘headwinds to income to persist in 2021 and the medium term' for its UK business, including 'subdued demand for unsecured lending and the low interest-rate environment'.

Even in the international business, which includes the investment bank, the outlook ‘remains uncertain and contingent on the evolution of US and UK spending and card balances’.

In addition, Covid-related costs are likely to remain ‘elevated’ in 2021 with the bank needing to reduce its 63% cost-to-income ratio through further efficiencies.

https://www.sharesmagazine.co.uk/news/shares/barclays-shares-drop-despite-better-earnings

Following the results, Investors Chronicle view the stock as a Hold.

https://www.investorschronicle.co.uk/news/2021/02/18/barclays-buybacks-make-sense/

Oops... sausage fingers.

https://www.hl.co.uk/shares/share-research/202102/barclays-modest-dividend-returns

Afternoon All,

Probably the best detailed summary of Barclays 2020 Annual Performance by Hargreaves Landsdown.

JayK, I have said it time and time again... No such thing as a Bad Profit. Any TA insight you may have and are willing to share would be gratefully appreciated by myself and perhaps some of the silent majority of members on here?

Always makes me chuckle on the day of results, always tends to be 100+ posts... then less than 48 hours later... 1.

Good Luck my Friend

saurus,

Your non-presence has been missed. My sincere condolences for your loss, I hope you have managed to find some peace following the departure of a loved one. I wish you well on the steady road to recovery.

Welcome Back my Friend.

Onelongrunner, my respect to you for topping up by 40% in the last day or so and your common sense posts. I don’t totally disagree with your sunnier outlook, hence the reason I still hold a lump for a medium/long term return. I just sense a rinse and repeat is due to return. For those like me that have become swing traders, an opportunity to bank a decent profit in a relatively short time seems highly likely. Good Luck my Friend.

JayK, I thought you’d emigrated? Lol. From memory, I haven’t seen you on the board for at least a good 6 months. I hope you’re well? More importantly glad to here you’ve made a shilling or two. You win my recommendation for Quote of the week: “ I'm sitting and waiting again, patience is the key.” Beautiful!