Member Info for MrAltruistic

Oops... sausage fingers. Citibank workable link:

https://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/citi-sees-contrarian-opportunity-in-uk-banks

Also... over the pond in the USA:

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/barclays-overtakes-goldman-on-q3-insurance-underwriter-m-a-league-table-60674020

Looks like the Investment Bank will have “made hay” during and Q3 and will continue to do so in Q4?

All IMHO please MYOC and GLA

kassam83,

Good find.

The summary includes key sentences for me of:

“ We expect a strong Q4 and sustained deal activity based on our pipeline,” Colizzi (of Barclays) said. “This is mainly driven by cross-border consolidation in the health-care space, but also in the TMT, utilities and banking sectors.”

Deal volumes in Europe have fallen 15% this year to around $751 billion amid the coronavirus pandemic, Bloomberg data show. While the region failed to match the third-quarter rebound seen in Asia and the U.S., bankers are growing increasingly confident of better days ahead. Colizzi’s comments echo sentiment expressed last month by EMEA investment banking chiefs at JPMorgan Chase & Co., who said companies, buoyed by rising stock markets, were feeling more confident about pursuing growth through acquisitions.

The European banking industry, long-tipped for consolidation, is widely seen as a hot spot for deals in the months ahead.

Oops... forgot the link:

https://www.stockopedia.com/articles/do-analysts-think-that-barclays-is-a-buy-hold-or-sell-131678/

Summary:

Among the analysts covering Barclays, there are currently:

5 Buy recommendations
7 Hold recommendations
0 Sell recommendations

Please MYOC and GLA

A quick read from Citibank (via Hargreaves Lansdown website) who have contrarian views on investing in the Banking Sector i.e. They believe now is a good time to invest in the Banks Sector especially in anticipation of positive Q3 2020 results.Summary:“Indeed, they anticipated that all of the large-cap banks were set to beat analysts' forecasts (for Q3 2020), especially so Barclays."We expect domestic (UK) banks to also beat on impairments, most notably Lloyds," they said.Their 'buy' -rated names in the space included Lloyds, NatWest, StanChart, One Savings Bank and Virgin Money.However, they were 'neutral' on Barclays, HSBC, Metro Bank and Paragon Banking Group.https://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/citi-sees-contrarian-opportunity-in-uk-banksPlease MYOC and GLA

Please ignore last sentence which is where is was about to say

“ However, through sheer belief of a chartist I believed a correction to circa 85p would take place. Following the Panorama confessions, it retracted to 89p, so he was not far off”.

The chartist I follow but do not always agree with is John Burford.

All IMHO please MYOC and GLA

Saurus,

“ ...particularly cautious at the moment as concerned there could be another significant market fall sometime in the next 12 months. This is just my view and everyone has to invest/trade in a way that they're comfortable with.”

I think we are both on the same page with this outlook. As I have mentioned before, my heart was not in holding this stock in the month of October which is Infamous for Stock Market Crashes. However, greed took a hold and I decided to gamble rather than invest £20k precisely a month ago, expecting to return a 5% “dead cert” only to find the Stock Market has taught me another lesson i.e. Just when you think you have mastered the process an unexpected surprise should turn up! e.g. The Panorama findings.

On a positive, the loss has at least been balanced out with the profit on the share price movement of last week. I will ride my latest purchase out to see if I can make a few pounds, certainly until post results and then reassess my position from there.

I sense there is the potential for more short term upwards momentum before a possible price retraction but it is nothing more than going with my gut feel based on the tsunami of information out there.

On a positive I still feel that:
1. Brexit talks are a pantomime and a deal WILL be done prior to year end.
2. A US stimulus package will take place after the 3rd November US elections.

On a negative:
1. What will Q3 results and more importantly statements for 2021 sound and look like.
2. The stock market still seems out of kilter with the current real world.
3. The American bubble surely must pop soon with spectacular reaction?

Thanks for sharing your day trading service provider.

I stress.... All IMHO please MYOC and GLA.

However, through sheer I believed a correction to circa 85p

Morning All,

On the views of balance, I have included a link from Forbes who remain bearish on Barclays especially prior to the Q3 Results. I know very little about the journalism of Forbes and are not sure of how accurate their future forecasts have been?

None the less, Forbes summarise with:

“In my opinion Barclays simply offers too much risk. I fully expect its long-term share price downtrend to continue.”

Please MYOC and GLA.

https://www.forbes.com/sites/roystonwild/2020/10/10/these-ftse-100-shares-are-about-to-update-the-market-should-you-buy-them-today/#6860e13c461f

Morning All,

JPMorgan and Citigroup Inc will start the ball rolling on the third-quarter earnings season on Tuesday 13th October followed by Wells Fargo and Goldman Sachs and Bank of America Corp the next day Wednesday 14th October.

The US results normally sets the tone and expectations for the UK and European Banks who usually report shortly afterwards., normally a week or so.

https://www.ii.co.uk/investing-with-ii/international-investing/us-earnings-season

GLA

Phuckerty,

Ha, ha, ha... Great name. Made me laugh.

Thanks for the advice. Just toying with a dabble?!

Best of luck my friend.

Good Morning Saurus,

Everything is all good with me thanks. By the sounds of it, all appears well in the Saurus camp also? Glad to hear you have made a good turn on these shares this week and May it continue for all investors moving forward?

You said “Did some day trading with Barclays on Wednesday for a quick profit and again earlier this morning”. Just out of interest, I hope you don’t mind me asking, who do you use for same day trades?

I’m still using Barclays Smart Investor with 3 day settlements as I have never really day traded. However, with the volatility of the markets, I seem to be warming to this direction.

Very little media links to “share” this week, which I have already mentioned (at face value) appears to suit this stock at the moment.

All Imho Please MYOC and GLA.

Sixtyfive-p-2021

Is this FalklandInvestor with yet another new Membership Name? ALL READERS PLEASE BEWARE of any commentary and constant repetitive ramping from this “new” poster?

Not difficult to arrive at this conclusion of this potentially being the same individual after referring to my simple character profiling skills learned via my psychology teachings.

All IMHO please MYOC and GLA.

Is this FalklandInvestor with yet another new Membership Name? All readers BEWARE of any commentary constant repetitive ramping from this “new” poster?

All IMHO please MYOC and GLA.

Good Morning All,

It did it!

This weeks the share price actually rallied by 9.79% (9.57p) from last Friday’s 2nd October close of 97.71p to this Friday’s 9th October close of 107.28p.

Fingers crossed that after a consecutive 5 day close of business gain (when was the last time that happened?) that a new/returning support level may have been established?

Good Luck to those sitting on profit. I am grateful that my £1k loss has now pretty much been reversed.

All IMHO please MYOC and GLA.

isthisawinner,

I hope you are well?

Your prediction of “Heading Sideways or Down Next Week” i.e. W/c Monday 5th October to Friday 9th October proved to be somewhat wide of the mark?

I sincerely keep my fingers crossed that you did not lose any money?

Good Luck

RT003, as you rightly say “nice little daily rises continue”.

I believe the phrase “The Trend is Your Friend” appears to be very apt this week.

I can’t remember the last time the Barclays Share Price closed higher than the previous trading day for 4 days on the trot... will Friday’s close prove to be a full week? Fingers crossed.

With little media comments to report, this appears to suit this stock... certainly with the run up to Q3 results two weeks tomorrow, Friday 23rd October.

All IMHO please MYOC and GLA.

“A breath of fresh air compared to some of the boards filled with constant daily Rampers and Deflaters”

Predictive Text Frustrations...

karv1, couldn’t agree more. What I enjoy about this board is that, on the whole, we have a collection of real world posters here who appear to actually tell it as is it is i.e. I didn’t buy at the bottom, I didn’t sell at the top, I actually made a loss etc.

A breath of fresh air compared to some of the boards filled with rappers and deflates.

Let’s see what today brings after Trump announcing No Stimulus Injection talks for the US economy until after the 3rd November election.

All IMHO please MYOC and GLA.

Doo_

Strategically, I think this has to be a Good thing. Unlike other UK Banks, Barclays appears to be on the front foot of searching out profitable niches for future revenue steams.

That said, as with all business activities, it comes with an element of risk i.e. The downside being that when dealing with high net worth individuals the Compliance processes need to be water tight otherwise any profits can be wiped out in an instance by negative movements of the share price as recently seen by the recent Panorama discovery and findings.

All IMHO please MYOC and Good Luck All.