Member Info for MrAltruistic

From my own long experience, three simple things that I have learned about Bulletin Boards over 32 long years....

1. Never Trust anyone that says “Trust Me...”
2. Be ESPECIALLY WARY of anyone that constantly posts, day after day, on where they “believe” a price will be... or finishes their posts with “predicted prices”... either constantly up or down without even being asked!
3. BEWARE ANYONE THAT ALLEGES THEY HAVE PURCHASED A HUGE AMOUNT OF STOCK then becomes defensive and/or argumentative when politely questioned.

I’m sorry to say that these Ghost Posters come and go... the best thing to do is either ignore them, block them or report them. LSE will then delete them.... it worked with stuart1471 whoooooooo.... who was reported by so many posters that he is no longer visible.

Remember no-one knows which way the share price will move tomorrow, let alone by the end of this year, next year or any year.... not even me!

Good Luck, health, wealth and happiness to you all!

unvrkw, I can’t disagree with the majority of what you say. Are you a Holder or a Buyer?

Good Luck either way.

Rylidan, I think Monday will be very interesting. I’m not sure whether the HSBC anticipated poor results will have a knock-on effect to the share price and whether they finally close below a £1.00?

Or will they revert to behavioural type and ensure they close above the £1.00 floor?

Hmmmmmm....

Scoobieless,. Are you looking for a short term return or is it more of a bottom drawer long term investment?
Good luck either way. Best of luck my friend.

With the expected poor half year results announcement for Lloyds tomorrow, I wonder if this will have a knock-on effect for Barclays and the rest of the Banking Sector?

Still looking to buy in at a discount, but post 1st May there has historically been a floor and resistance not fall below a £1.00.

Hmmmm... thoughts anyone?

https://www.ii.co.uk/analysis-commentary/barclays-makes-big-money-even-pandemic-ii512534?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_290720&utm_content=&spMailingID=10093418&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1558146718&spReportId=MTU1ODE0NjcxOAS2

After the Financial Year End of 31 Dec 2020. Typically, Barclays will then announce Full Year 2020 results in mid February 2021 with an announcement about Dividends at the same time. If you are purchasing for a potential Dividend Payment then normally you have to be holding shares BEFORE the Dividend Payments Date has been decided and declared.

All Jess said in relation to the Dividend is that he would review the situation at the Year End... nothing more, nothing less.

Free via youtube

The British lender booked pre-tax profit for the first half of the year of 1.3 billion pounds, down from 3 billion pounds a year ago as provisions against potential bad debts outweighed improved revenues from its investment bank.

Barclays set aside a higher than expected 1.6 billion pounds to cover a possible rise in loan losses in the second quarter of the year, as the economic impact of the coronavirus pandemic begins to bear down on its consumer business.

https://uk.reuters.com/article/uk-barclays-results/barclays-steps-up-provisions-as-pandemic-hurts-consumer-business-idUKKCN24U0M6

Simply Wall Street Post...

https://uk.sports.yahoo.com/news/barclays-lon-barc-share-prices-060516212.html

A bearish outlook from the London Evening Standard.

https://www.standard.co.uk/business/bank-shares-loans-coronavirus-a4509566.html

The Daily Telegraph - Forecast of Barclays first-half results: Wednesday 29 July 2020

The second-quarter results from the American banks have probably set the tone here, with lower loan margins, a strong investment banking performance and higher provisions for loan losses all likely trends. Note that the Big Four Main Street banks in the US took an additional $33 billion in charges to cover possible bad loans in Q2 alone, the highest number since Q3 2009 just as America was staggering out of the financial crisis.

At the time of recording, the analysts’ consensus estimate is expecting Barclays to make a pre-tax profit of £491m for the second quarter, compared to £1.5bn made in Q2 2019 and £913m in Q1 2020.
It seems unlikely that there will be a first-half dividend, given calls from the Financial Conduct Authority to cancel payments (and share buybacks) in 2020 to buttress the balance sheet and enable Barclays to lend more, should demand be there. Intriguingly, year-on-year loan growth slowed at the Big Four US Main Street banks to 1.5pc from 7.1pc in Q1.
Barclays may still have wiggle room to declare and pay some form of dividend for calendar 2020 alongside its fourth-quarter results in early 2021, should management feel this is appropriate. This may explain why analysts still believe Barclays will offer a 2p per share dividend for 2020, ahead of a rebound to 6.1p in 2021, even if there will be no interim dividend this year.

Another recent Motley Fool Post.

https://www.fool.co.uk/investing/2020/07/22/could-the-barclays-share-price-double-in-a-stock-market-recovery/

SUMMARY: Despite my concerns, I don’t expect the bank’s equity to be wiped out by loan losses. For a long-term investor, I think that Barclays’ shares probably are a good buy at the moment.

The main risk I can see is that the bank’s Covid-19 recovery could be longer and slower than expected. The shares could stay cheap for several years. So, although I rate the shares as a buy, I also think there are more exciting choices available elsewhere.

Not sure that there is anything new in this link apart from a short video from a Chartists point of view.

https://www.ig.com/uk/news-and-trade-ideas/barclays-share-price-could-struggle-ahead-of-h1-earnings-200727

Personally, I’m not a great fan of the Motley Fool, but in the fairness of balance I have included the link. The piece does include some interesting facts.

https://www.fool.co.uk/investing/2020/07/27/stock-market-crash-is-the-barclays-share-price-too-cheap-to-miss/

SUMMARY: The Barclays share price is cheap, sure. But its ultra-low valuations reflects its sky-high risk profile. I for one don’t fancy buying the bank for my own ISA given the threat of ballooning bad loans and a collapse in revenues. And why would I? After all, there are plenty of better UK shares that also trade at dirt-cheap prices right now

kassam83, if you are in no rush then as politely put by Elgrebe, Patience... Patience.... I think long term they are a good investment but you may have to play the longer waiting game to see substantial growth of 50%+

All imho please dyor... Good Luck.

kassam83, are you looking to bail out? If so what price are you looking to break even at? I’m looking to buy at a discount and continue to sit on the fence gaining splinters.

Peculiar to say the least... nice steady rise from 116.22 to 120.70 then tumbling down to 115.52 before nudging back up to close at 116.64. The marching on the spot appears to continue then?

Floor of 110.00 and ceiling of 120.00 for the last month appears to still be in place, at least until next Wednesday’s half year results are shared?

Thoughts?

A chartists’ view...

https://www.ii.co.uk/analysis-commentary/which-way-might-lloyds-bank-shares-move-week-ii512416?utm_source=IBMW&utm_medium=email&utm_campaign=Afternoon_round_up_newsletter_200720&utm_content=&spMailingID=10006690&spUserID=MzU1MTA2OTEwNzY0S0&spJobID=1554532684&spReportId=MTU1NDUzMjY4NAS2