Member Info for MrAltruistic

Sunny63, Glad you banked some Profit. Well Done my Son. Thought it pointless to post any links related to performance yesterday as the news was pretty much everywhere. Especially with circa 120 posts yesterday...just too many to read. But i did!

Rookie1,

Thanks for your kind words. I take my hat off to you with your Short. I will revisit IG.com and look into the small print again... but I don’t like the sound of losing multiples of a Stake... gulp.

I really sense that a tsunami of bad news is about to hit the shore and any further positive penny movements upwards next week could be wiped out thereafter. The markets seem to be moving on positive feel factor news at the moment and I’m struggling to see any until 1st July/Q3... with the exception of a Shirt term fix of a US Stimulus package.

All imho please MYOC and Good Luck my Friend.

My Limit Order was triggered. Not too shabby, a 17.11% return in just 22 days. More than happy with that.

Sad to say that Bojo’s impending Announcement on Monday was the straw that broke the camels back in helping me decide to cash in today.

I will continue to monitor from a distance for my next trade in this stock for it’s next probable dip.
Always a sense of relief to me when a profitable sale is Banked.

All imho please MYOC and GLA.

causal, I think you made the right call to sell and take profits yesterday. Well Done!

Nat West... and that’s on top of a loss of £351m on Annual income of £10.8bn. Analysts were expecting a pre-tax profit of £1.3bn on income of £10.8bn for 2020.

So let’s see how the markets react to their results? No doubt a rise? The world has gone mad?

Not sure if this will transfer across well but the bottom line is that they all ended in the Red.

FTSE 350 Banks Constituents
PricePerformanceTechnicalFundamental
Name Last High Low Chg. Chg. % Vol. Time
Bank of Georgia Group 1,126.00 1,142.00 1,110.00 -4.00 -0.35% 22.33K 16:35:00
Barclays 147.50 155.22 145.08 -6.86 -4.44% 75.05M 17:06:00
HSBC 419.20 431.95 416.45 -13.05 -3.02% 20.68M 16:35:00
Lloyds Banking 37.48 38.98 37.11 -1.44 -3.70% 248.52M 16:35:00
Metro Bank 137.45 147.10 137.45 -7.80 -5.37% 1.56M 16:35:00
NatWest Group 171.30 177.60 170.80 -6.85 -3.85% 15.90M 16:35:00
Standard Chartered 489.10 509.20 487.00 -8.40 -1.69% 10.01M 16:49:00
Virgin Money UK 167.20 171.65 167.20 -3.70 -2.17% 2.30M 17:07:00

Causal, still holding my friend.

My gut tells me that today is another example of underwhelmed and oversold by the market. Short term, I can’t see huge mileage moving forward in the share price with the possible exception of a response to the US Stimulus Package, if it gets passed. Yesterday, I would have been happy to sell at 155p+. Waiting for the dust to settle and for Broker updates in the next 7 days.

All imho please MYOC and GLA

....are to me the two descriptors of todays Marketplace for me.

If the price closes at 150p or above then I suspect that is as good as it will get today. Not sure how the market will react to Nat West and Lloyds impending figures?

All the sediment needs to settle with the day traders to move on to their next target?

All imho please MYOC and GLA

Morning causal, no such thing as a Bad Profit. You could be right, the short term positive waves may be petering out? Initial market reaction is on the downside. I will watch throughout the day, New York futures currently looking to open on the small downside. But still a long day ahead. Any euphoric rise seems unlikely today... as does a collapse. Hmmmm... can’t see many positives to arrive via Nat West or Lloyds who are heavily exposed to UK conditions over the next few days. Interesting....

Good Luck my Friend

Jes now live on Bloomberg. Search and find Bloomberg via YouTube

Jed Staley to be interviewed on Bloomberg in the next hour

kassam83, I hope you’re well my friend ? If nothing is mentioned about missing Dividends tomorrow or the days that follow, then I will send an email to the Chairman.

Although I have a short term lump I’m looking to offload, I still have a decent lump (for me) sitting there for the medium to long term so as a shareholder, any reasonable questions asked should be answered by the Chairman and/or a Company representative.

Hope you’re in positive share territory?

Causal, I have my finger on the sell trigger for tomorrow... if the mood music is positive and 160p+ breached after the New York open, then I may Bank my profits... at least that’s how I feel tonight.

Good Luck my Friend

onelongrunner, 40% Top Up... Wow! A braver Man than me. We really could do with a Dow Jones strong opening at 2.30pm tomorrow to give Barclays a positive leg-up, what with it’s dual New York listing. Best of Luck my Friend!

Evening All,

Some interesting points of view in this piece. Definitely on the “half empty” side of journalism but then again maybe their views are more realistic?

Good Luck All.

https://www.standard.co.uk/business/bank-season-debts-dividends-b920156.html

causal, another factor to weigh in? But how much of an affect will it have?

A snippet from IG, the most interesting paragraph:

For Barclays, 12 analysts have ‘buy’ ratings, with 11 ‘holds’ and just two ‘sells’. Its median broker target price is 168p, a 10.5% premium to the 152p of 15 February. The average move on results day is 4%, compared to current options pricing of 2.8%.

https://www.ig.com/uk/news-and-trade-ideas/natwest---barclays-share-prices-in-strong-form-ahead-of-full-yea-210216

Not anything new here, at least I don’t think so but still worth a read.

https://www.cityam.com/all-eyes-on-dividends-what-to-expect-from-barclays-and-natwest-this-week/

causal, yes, the normal would be for other banks to push the sector. I wish the US stimulus package would hurry up arriving!

Just as a reminder and ‘service of order’:

Barclays Thursday 18 February
NatWest Friday 19 February
HSBC Tuesday 23 February
Lloyds Banking Wednesday 24 February
Standard Chartered Thursday 25 February

Good Luck My Friend.

causal,

Ask me close of Business Thursday.... in part exchange I would counter with “what’s the point of having a mind if you can’t change it?”

Good Luck with whatever strategy you adopt. What is your plan, if you don’t mind me asking?