Member Info for MrAltruistic

EU in PANIC MODE as Barnier’s own side urge him to back down and accept Boris’ fishing demands.

The EU is formally insisting the UK gives them exactly the same fishing rights in British waters after Brexit as they do during it, rather than a deal that is negotiated every year or two, as Boris Johnson wants.

But now some EU ministers have warned Barnier that the failure to back down will destroy any hopes of a UK-EU post-Brexit trade deal - something that could see the EU unable to fish in British waters at all, at least temporarily.

The news comes as it was claimed the UK could strike a Brexit trade deal THIS WEEK if the EU “doesn’t move the goalposts".

The UK and EU will need to seal an arrangement by this Saturday 5th December to have time to get it through their respective parliaments by the end of the year.

https://www.thesun.co.uk/news/13271266/brexit-news-latest-uk-eu-fishing-boris-barnier-deal-deadline-live/

After an impressive rally this month, our chartist reveals what could happen to the shares in December.

https://www.ii.co.uk/analysis-commentary/barclays-heres-why-analyst-feels-optimistic-ii514325?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_30112020%20(1)&utm_content=newsletter&spMailingID=11322152&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1637181585&spReportId=MTYzNzE4MTU4NQS2

Classic Motley Fool of calling both heads and tails!
i.e.if your get a dividend in 2021 then it will be better than what you got in 2020. But you might not get a dividend at all.

2020 was a nightmare for anyone who owns UK bank shares for income. Early in the year, the Bank of England (BoE) banned all UK banks from paying dividends to investors. The logic behind this move was that banks would need as much capital as possible to support the economy during the coronavirus pandemic. As a result of this ban, Barclays and HSBC paid no distributions for the year.

Will UK banks be able to resume paying dividends in 2021? I think it’s certainly possible. According to a recent article in The Times, the BoE and the major banks are currently ‘bartering’ a dividend deal. This deal would allow them to make shareholder payouts as long as their loss-absorbing capital buffers are strong and they continue to extend credit to the real economy.

Interestingly, the consensus 2021 dividend forecast for Barclays is currently 5.01p per share. Meanwhile, the consensus 2021 forecast for HSBC is 27 cents per share. These forecasts – which equate to yields of around 3.6% and 5.1% respectively – suggest that analysts believe the BoE dividend ban will be lifted next year.

Of course, analysts’ forecasts are not always accurate. They can be way off the mark at times. So, there’s no guarantee that Barclays and HSBC will pay these kinds of dividends in 2021. If economic conditions remain weak, the BoE may keep its dividend ban in force. However, if City analysts are right, 2021 should certainly be a better year than 2020 for those who own UK bank stocks for income.

https://www.fool.co.uk/investing/2020/11/30/2021-dividend-forecasts-barclays-hsbc-bt-group/

I have posted this article that was released today... but I can’t believe that the price would drop so much purely down to an update on its strategy and targets to combat the climate crisis.

https://ukinvestormagazine.co.uk/barclays-shares-slide-amid-update-on-net-zero-ambitions/

...haven’t seen hair nor hide of you for at least a week. Just thought I'd check and ask to see if you are well my friend?

Best wishes, Mr A

Expectations of a historic decline in economic growth in 2020 alongside a surge in unemployment may spell bad news for the UK's largest lenders.

The FTSE 100’s biggest banks, Lloyds Banking Group PLC (LON:LLOY), Barclays PLC (LON:BARC), NatWest Group PLC (LON:NWG) and HSBC Holdings PLC (LON:HSBA) have suffered blows to their share prices on Wednesday afternoon following a gloomy set of economic forecasts for the UK that emerged in the Chancellor of the Exchequers spending review statement at lunchtime.

The forecasts from the Office for Budget Responsibility (OBR) unveiled by Rishi Sunak are predicting that the UK economy will contract by 11.3% in 2020, the biggest yearly fall in over three centuries, while unemployment is expected to reach a peak of 7.5% in the second quarter of next, equivalent to about 2.6mln jobless Britons.

The prospect of an unemployment surge spells bad news for many UK lenders due to the risks of increased levels of bad debts as borrowers find themselves unable to maker loan and mortgage repayments after losing their jobs.

Meanwhile, OBR estimates that the government’s borrowing will hit £394bn this year, the highest ever level for peacetime.

Higher debt tends to be accompanied by lower bond yields, while there also remains a risk that the Bank of England may decide to introduce negative interest rates, another bad sign for bank deposits as customers are likely to withdraw their cash from accounts if there is a chance they will be charged to keep them there.

This combination of factors sent Lloyds shares down 3.7% to 38p in late-afternoon trading, while Barclays fell 5.4% to 142p, NatWest dropped 3% to 161p and HSBC dipped 0.9% to 396p

...Plus the addition of Richi Sunaks’ economic forecasts this afternoon, bring some reality back to the market, may have played a significant part? Certainly for this week anyway!

All IMHO please MYOC and GLA

Despite initially opening up at 152.50 and remaining in positive territory for all of 15 minutes, I guess it was predictable that some profit taking would take place? Yes, normally a drop of 6.58p would be kick between the legs... but everything is relative and movement of a share for just one day needs to be put into perspective. Just look at the climb it has made in the month of November! No share ever moves in a straight line and we all have to stick to our own simple strategy.

All IMHO please MYOC and GLA.

“BRITISH regulators have signalled to banks that they will consider softening their resistance to dividend payouts on a case-by-case basis by early next year.

The Bank of England's Prudential Regulation Authority (PRA) is likely to take into account the wider economic backdrop and will take a final view only after lenders close their fourth-quarter books, according to people familiar with discussions between the regulator and banking executives in recent weeks. Any progress on a vaccine will also influence its thinking, one of the people said.”

Barclays Full Year Results are expected to be announced on Tuesday 18th February 2021. I would expect any Dividend News to be announced at the time of the Results. If anyone advises that Dividend Reinstatement will be announced earlier, then I would suggest they share their source rather than take it as gospel.

All IMHO please MYOC and GLA

https://www.businesstimes.com.sg/banking-finance/boe-expected-to-take-case-by-case-approach-to-dividend-payouts

... due to there National Holiday of “Thanksgiving Day”.

kassam83,

I doff my cap to you. Just about made it 150.20.

FTSE Futures looking Up tomorrow, albeit only by 0.33% and with the caveat they could drift overnight. That said, at face value, a small further nudge up looks possible.

Good Luck All

At the closing of the auction the bids/offers are frozen and an attempt is made to match as many shares to be sold against shares to be bought - the result of this is what is known as the 'Uncrossing Trade' (UT).

kassam83,

My goodness me.... nip and tuck! With the 4 30pm finishing line in sight and breached 1.50p at 4.26pm... still 4 minutes to go. The end of day auction will be interesting...

kassam83,

Pushing it to reach £1.50 today... or at least I think so... but will gladly concede to be proven wrong.

On a positive note my circa 10p uplift following the AstraZeneca news appears to have happened... albeit spread over 2 days rather than 1.

Let’s see if neither Brexit Trade Agreement News now happens on or before next Tuesday, hopefully with a similar circa 10p uplift spread over 1 or 2 days?

All IMHO please MYOC and GLA.

which has been taken as another positive relief to the markets. Dow Jones Futures looking Up also. Should be another good day 2.5p up yesterday and I would hope at least another 4p by close of business?

All IMHO please MYOC and GLA

Interesting 2 minute read.

https://www.sharecast.com/news/broker-recommendations/jp-morgan-most-positive-on-dividend-restarts-at-natwest-group-and-barclays--7722355.html

So phase III results were announced today but due to a lower effectiveness rate, the market was somewhat disappointed... so much for a circa 10p movement to this stock? I can confirm that “no doors were blown off” Turned out to be closer to a 2.5p upwards move for Barclays. On a positive note, at least Barclays finished the day above 140p.

“AstraZeneca shares fall after efficacy findings for Covid-19 vaccine” and link: of https://www.theguardian.com/business/2020/nov/23/astrazeneca-shares-fall-after-efficacy-findings-for-covid-19-vaccine-results

Johnson will reportedly speak directly to European Commission president Ursula von der Leyen in a bid to “clear away final barriers” to a trade deal.

https://uk.style.yahoo.com/brexit-negotiations-latest-boris-johnson-significant-intervention-ursula-von-der-leyen-pound-euro-dollar-091516015.html

Will be interesting to see where both this share and the FTSE 100 close today.

https://news.sky.com/story/covid-19-oxford-vaccine-is-up-to-90-effective-in-preventing-coronavirus-tests-show-12134940

When was the last time the Bookies were wrong?

Deal = 1/4 on (0.25 to 1)
No Deal 14/5 (2.8 to 1)

https://www.oddschecker.com/politics/brexit/uk-and-eu-to-sign-a-trade-deal-in-2020