Member Info for MrAltruistic

As I mentioned on Sunday, £1.03 appears to be a current key price. As noticed by the Chartists this is a key support level, any fall below this seems to indicate a further drop.

The flip side being a break out through the ceiling of £1.175 shows further upside potential.

Place your best...

https://www.ii.co.uk/analysis-commentary/future-barclays-shares-ii513384?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_070920&utm_content=&spMailingID=10455823&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1590661296&spReportId=MTU5MDY2MTI5NgS2

karv1, always good to hear someone else’s views. I take my hat off to you and your positivity and Bullish outlook. I am somewhat the other side of the coin and more bearish. Time will make things clearer and we will discover how things pan out , hopefully sooner rather than later.

I am not hear to convince anyone one way or the other as to what will happen to Barclays shares or the market which is why I have now started to end my posts with IMHO and MYOC (In my humble opinion and Make your own choices).

From my own personal perspective I just see more probable bad news coming To outweigh the positive which includes but is not limited:

1. October Correction/ Crash. History has a habit of repeating itself?
2. 1st November US Election Result of a Trump Exit. Markets likely to take a downward drop?
3. COVID Phase 3 trials to show average to poor results. No real positive progress until Q3 2021?

I stress all IMHO please MYOC.

I wish you every success my friend.

Kingrav,

My apologies... Yes, the 3 day downward trend lasted 2 days, so it has reversed. I expect tomorrow to show an opening small positive increase. Be careful my friend and remember to take Profits and or Stop Losses accordingly.

Good Luck.

Good Morning Kingrav,
I am more than happy to share my thoughts in part exchange for yours. I stress all IMHO.
I am still sitting on cash looking to buy at a discount to the current price. Having bought and sold Barclays on more times than I care to remember since 1992, now is a cautious time to be a buyer.

A two-fold approach is in play for me as a repeat purchaser.
1. I think they are currently either a short term stock to be actively traded. In order not to make a loss you need to buy in circa £1.03 and sell out at circa £1.13 making a gross profit circa 10%. Then rinse and repeat on the price movements. However, you need to actively be watching the market or set stop loss/sale orders in order to not miss your opportunities.
2. Be a true bottom drawer longer term Investor, understanding that the share price will not increase by 40% or more for circa 2 years. Buy them, put them to one side, do not get upset with potential day to day price drops and return in Q3 2022.

I stress all IMHO please MYOC. Good Luck All.

Now your thoughts please?

Summary: Robert Noble, analyst at Deutsche Bank, said to Interactive Investor that ‘significant risks remain’ on UK banks. Barclays could yet tumble as some government support measures will come to an end, or if Europe will experience a second wave of coronavirus.

Noble’s target price for Barclays, at 135p, is thereby lower than S&P Global Market’s consensus.

https://www.ig.com/uk/news-and-trade-ideas/is-barclays-worth-142p-a-share--200901

Summary:

However, I think that the bank has made some improvements over the past few years that could help it to recover.

It has reduced costs so that its cost to income ratio in the first half of the year was 57%. This is a substantial improvement on the 64% figure recorded in the same period of last year. The Barclays share price could also benefit from a 40 basis point increase in its common equity tier 1 (CET1) ratio to 14.2%, while it plans to make further cost cuts to offset the impact of Covid-19.

Therefore, in the long run I feel that the company could be in a good position to benefit from an economic recovery. Sure, this is likely to take some time. However, an improving balance sheet, lower costs and a reduced Barclays share price could help to produce improving investment performance in the long run.

The key words for me are “Long Run”. A good trading stock if you have the time and of course get your buying and selling timing right... which is a damn sight easier said than done!

https://investomania.co.uk/2020/09/are-the-falling-share-prices-of-aviva-and-barclays-set-for-a-rebound/

Tomorrow is the interesting day for me, will it show the 3 Day Downward Trend tomorrow?
Typically, 3 day replication then breaks to show an opportunity to buy or sell. Time to see if the £1.00 floor gets broken tomorrow? Gut feel tells me if it manages to stay over a £1.00 then a purchase opportunity to “rinse and repeat” will potentially present itself.

This before I check the Financial Announcement Diary.

I stress... all IMHO... please MYOD (Make Your Own Decision)

Good Luck All

Hypothetically, if Jes Staley stepped down and/or was pushed, what effect would this immediately have on the share price?

Similarly, and then what would happen to the share price prior to any replacement CEO Being put in place?

A Chartists view...

https://www.ii.co.uk/analysis-commentary/natwest-if-it-aint-going-its-going-down-ii513320?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_010920&utm_content=&spMailingID=10401987&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1590093087&spReportId=MTU5MDA5MzA4NwS2

The good news is that analysts generally have a solid understanding of the market's biggest businesses, so they are well-placed to make predictions. That shows up in their Buy, Hold and Sell recommendations.

Among the analysts covering Barclays, there are currently:

5 Buy recommendations
7 Hold recommendations
0 Sell recommendations

https://uk.finance.yahoo.com/news/analysts-upbeat-outlook-barclays-082112710.html

Barclays Plc’s top shareholder (Activist Edward Bramson) stepped up his campaign to oust Chief Executive Officer Jes Staley, pointing to a subpoena that requires JPMorgan Chase & Co. to hand over Staley’s communications with deceased sex offender Jeffrey Epstein.

https://www.bloomberg.com/amp/news/articles/2020-08-27/barclays-activist-adds-epstein-subpoena-to-campaign-to-oust-ceo?__twitter_impression=true

JPMorgan to challenge UK banks with digital launch in early 2021.

Sky News has learnt that JPMorgan Chase is targeting the launch of its online UK "challenger" bank in the first quarter of 2021 - a move that will enable it to capitalise on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic.

Technology industry sources said that JPMorgan had signed up suppliers including Amazon Web Services and 10x Future Technologies, the venture set up by former Barclays chief Antony Jenkins, to provide it with cloud and digital banking infrastructure.

The Wall Street behemoth's debut in Britain's personal banking market will emerge under the Chase brand, according to insiders.

It will come within months of the appointment of Sajid Javid, the former chancellor, to one of the bank's advisory boards.

JPMorgan has yet to officially confirm the existence of the project, which was revealed by Sky News in February.

Link with full journalist piece:
https://www.coastfm.co.uk/news/business/jpmorgan-to-challenge-uk-banks-with-digital

Sky News has learnt that JPMorgan Chase is targeting the launch of its online UK "challenger" bank in the first quarter of 2021 - a move that will enable it to capitalise on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic.

Technology industry sources said that JPMorgan had signed up suppliers including Amazon Web Services and 10x Future Technologies, the venture set up by former Barclays chief Antony Jenkins, to provide it with cloud and digital banking infrastructure.

The Wall Street behemoth's debut in Britain's personal banking market will emerge under the Chase brand, according to insiders.

It will come within months of the appointment of Sajid Javid, the former chancellor, to one of the bank's advisory boards.

JPMorgan has yet to officially confirm the existence of the project, which was revealed by Sky News in February.

Link with full journalist piece:
https://www.coastfm.co.uk/news/business/jpmorgan-to-challenge-uk-banks-with-digital

The retail bank's share price continues to struggle. Our chartist looks at the possible dangers

https://www.ii.co.uk/analysis-commentary/barclays-what-if-shares-drop-below-level-ii513231?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_180820&utm_content=&spMailingID=10272627&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1574174221&spReportId=MTU3NDE3NDIyMQS2

Summary:

Barclays share price forecast

Barclays share price has been under pressure in the past few weeks as evidenced by the daily chart below. After dropping to 74.36p, the stock attempted to recover and ultimately reached a high of 134p in June. Since then, the shares have dropped, being guided by the descending black trendline. At the current price, it is slightly below the 23.6% Fibonacci retracement level.

Also, it seems to be forming a descending triangle pattern, which means that the price is likely to continue falling as bears target the support at 98.88. On the flip side, a move above 112p will invalidate this trend. This price is at the intersection of the descending trend line and the highest point on August 12.

https://www.investingcube.com/barclays-share-price-is-under-siege-how-low-can-it-drop/

Two sided coin Summary: “If the pandemic lasts into 2021, it may be forced to take even more loss provisions impacting the share price,” Hargreaves wrote.

“Still, it should be able to cope. Its capital position is strong, and income from its investment bank is helping it stay in the black. As such, the bank seems well-placed to profit from the UK economic recovery when it begins. This suggests investors may profit from buying into the lender’s share price while it trades at a low level.”

Robert Noble, an analyst at Deutsche Bank, is targeting a price more towards the lower end at 135p.

“At first glance UK banks screen as value, but on a relative basis not materially so — and significant risks remain,” he said, according to Interactive Investor.

The group is likely to face more headwinds in the second half of the year, as government support measures for the economy such as furloughing come to an end and the economic reality begins to bite.

Its investment arm will provide its share price with some resilience but for how much longer is unclear.

https://www.cmcmarkets.com/en-gb/opto/can-barclays-share-price-rely-on-strong-trading-profits

Interesting summary in relation to all UK Banks by Bob Diamond former CEO of Barclays:

Diamond said that while banks need to continue to "demonstrate their value and importance to society", they also risk becoming "agents of public policy".

"Stimulus checks, PPP, government-backed SME lending. All these are elements of governments' crisis response and all have been carried out with the large incumbent banks acting on an agency basis.

"This overlap of interests between large banks and public policy moves the sector closer and closer to the role of public utility. And I think the likelihood is that if you are carrying out the role of a public utility, you should expect to be regulated more like a public utility," he said.

Full link: https://www.fnlondon.com/articles/only-leanest-banks-will-survive-pandemic-says-bob-diamond-who-ran-barclays-during-financial-crisis-20200813

Interesting summary by Bob Diamond former CEO of Barclays:

Diamond said that while banks need to continue to "demonstrate their value and importance to society", they also risk becoming "agents of public policy".

"Stimulus checks, PPP, government-backed SME lending. All these are elements of governments' crisis response and all have been carried out with the large incumbent banks acting on an agency basis.

"This overlap of interests between large banks and public policy moves the sector closer and closer to the role of public utility. And I think the likelihood is that if you are carrying out the role of a public utility, you should expect to be regulated more like a public utility," he said.

Full link: https://www.fnlondon.com/articles/only-leanest-banks-will-survive-pandemic-says-bob-diamond-who-ran-barclays-during-financial-crisis-20200813

https://www.bloomberg.com/news/articles/2020-08-10/barclays-probed-by-u-k-privacy-regulator-for-snooping-on-staff

It appears to keep repeating a similar pattern as beautifully put by a previous poster as “rinse and repeat” i.e. down to a £1.00 then at least a 12% gain to follow within a short timescale.

Looking at my own simple strategy there are two simple choices, namely:
a) Trade them - wait for them to drop back towards a £1.00, purchase a lump, then sell them when a respectable double figure returns.
b) Invest in them - hold them for at minimum of 12 months then potentially look to sell them with a respectable percentage return. In my eyes 50%+ is respectable but please arrive at your own conclusion as to what is respectable.

If it should return to around a £1.00, I will more than likely “wet my beak” again within my ISA.

All IMHO please DYOR and make your own decision MYOD

Good Luck All