Member Info for MrAltruistic

Avid ad Maisuradze on May 18, 2020

https://insidetrade.co/barclays-barc-shares-rise-5-as-bank-offers-compensation-to-customers/

John Burford from interactive investor | 18th May 2020 10:38

https://www.ii.co.uk/analysis-commentary/chart-week-barclays-shares-could-do-next-ii511708

Mystic1076, in a very polite manner, do you think no one would ever buy Barclays? Even in these strange times? I wouldn’t be at all surprised of anything in the current climate? Hypothetically, if open and positive trade deals are agreed between the USA and UK could this not open the door for a US purchaser? I can’t be the only person to have had these naive thoughts... surely?

Darth.Trader, Many thanks for your posts.

I mulled it over the phone with a friend last night about a Barclays Merger or Acquisition and we both couldn’t decide on whether Barclays would be the Dominant Purchaser or the Submissive Target?

I can see the appeal of Barclays being a target what with the Investment Bank arm.
Similarly I could see Barclays being the purchaser but would it really want to buy another UK Bank?
If it did buy another UK Bank then it could argue that it should be allowed, even if the Mergers and Monopolies Commission were to get involved, with the precedent of allowing Lloyds to purchase HBOS in 2008?

Either way background speculation must be good for the sector as a whole?

Good Luck All

As I said on Thursday evening....
Would not at all be surprised to understand some wider positive news “coming out of the woodwork” TOMORROW which may part explain today’s 3.00pm V Shaped rocket recovery.

And expect Barclays to be Up at C.O.B. TOMORROW.”

So it transpires today that the Major reason for the Thursday afternoon stellar rise was a Merger and Acquisition “speculation”....

https://www.fxempire.com/news/article/wall-street-shares-jump-on-banking-ma-speculation-649438

Short Answer:
“... some investors still value UK bank shares as a good long term investment. In order to get the best perspective on future trends, investors should research thoroughly.”

https://www.accendomarkets.com/should-i-buy-bank-shares-2/

WMMG, I may win the first element of the Charity Bet Over 12 rounds but it still looks like a flip of the coin as to whether the Share Price finishes higher than the 102.74 starting price at close of business on Wednesday 20th May.

Good Luck.

Any Nostradamus predictions of what the share price will be the night before the Wednesday Results Announcement?

Shame we couldn’t all put in a fiver with a guess and the Winner takes the pot?

All Done.

Round 9 - Fri 15th May 2020

Original Starting Price on Mon 4th May 2020 = 102.74

Today’s Share Price moves from 97.14 Up to 97.45

R1 MrA Wins Mr A 10 / WMMG 9 from 102.74 Down to 99.68
R2 WMMG Wins Mr A 19 / WMMG 19 from 99.68 Up to 103.40
R3 MrA Wins Mr A 29 / WMMG 28 from 103.40 Down to 100.86
R4 WMMG Wins Mr A 38 / WMMG 38 from 100.86 Up to 105.42
R5 MrA Wins Mr A 48 / WMMG 47 from 105.42 Down to 102.60
R6 MrA Wins Mr A 58 / WMMG 56 from 102.60 Down to 102.00
R7 MrA Wins Mr A 68 / WMMG 65 from 102.00 Down to 98.01
R8 MrA Wins Mr A 78 / WMMG 74 from 98.01 Down to 97.14
R9 WMMG Wins Mr A 87 / WMMG 84 from 97.14 Up to 97.45

Barclays came in as the 4th most purchased share....

https://www.standard.co.uk/business/what-were-the-top-shares-the-public-was-buying-during-covid-and-why-a4440961.html

Seems I’m not the only one that thinks 85p may appear on the horizon soon?

https://www.ig.com/uk/news-and-trade-ideas/barclays-shares-poised-for-more-losses-200514

I also still sit on a lump of cash and wait for my own arrived price of 85p ish to present itself.

Fleshheart... you pays your money and you makes your choice.

I am no doom and gloom monger but my heart and head both shout out LOUDLY that a correction is due. The market continues to overreact to both positive and negative news.

Some stock including Barclays has not reacted “normally” to fundamentals, Q1 results being an example, where I cashed out, with hindsight a day or so to soon. Like the San Andreas fault in California, we all know an earthquake is due but no one knows when. I see the same with a Stock Market correction... it is due.

There is a point of view that a lot of the bad news is already priced into the Market and I get that. However, I feel that once the reality of the tsunami of bad Financial Newsflow comes in wave by wave, day by day then the Markets will drop in a similar manner.

Another analogy that I would use for the current state of the stock market would be that of an ill relative. We all know that there time is limited, so when the inevitable day arrives, whilst it was expected, it is still a shock and creates a “down” reaction.

All in my imho.

Good Luck All.

WMMG , I sense It will be your day tomorrow.

I can’t remember how many Friday’s on the Trot Barclays has ended Up but it is a lot.
FTSE 100 Futures indicate a rise tomorrow... and broadly speaking, Barclays, as a constituent of the FTSE 100 tends to track the FTSE movements.

Thanks WHITEGHOST

The craziest day of them all?

Would not at all be surprised to understand some wider positive news “coming out of the woodwork” TOMORROW which may part explain today’s 3.00pm V Shaped rocket recovery.

And expect Barclays to be Up at C.O.B. TOMORROW.

Good Luck All.

The craziest day of them all?

Would not at all be surprised to understand some wider positive news “coming out of the woodwork” which may part explain today’s 3.00pm V Shaped rocket recovery.

And expect Barclays to be Up at C.O.B.

Good Luck All.

Round 8 - Thu 14th May 2020

Original Starting Price on Mon 4th May 2020 = 102.74

Today’s Share Price moves from 98.01 Down to 97.14

R1 MrA Wins Mr A 10 / WMMG 9 from 102.74 Down to 99.68
R2 WMMG Wins Mr A 19 / WMMG 19 from 99.68 Up to 103.40
R3 MrA Wins Mr A 29 / WMMG 28 from 103.40 Down to 100.86
R4 WMMG Wins Mr A 38 / WMMG 38 from 100.86 Up to 105.42
R5 MrA Wins Mr A 48 / WMMG 47 from 105.42 Down to 102.60
R6 MrA Wins Mr A 58 / WMMG 56 from 102.60 Down to 102.00
R7 MrA Wins Mr A 68 / WMMG 65 from 102.00 Down to 98.01
R8 MrA Wins Mr A 78 / WMMG 74 from 98.01 Down to 97.14

Fleshheart, imho you are spot on. Italy are the second biggest EU state riddled with Debt, only second to Greece. Their Black Non-IVA (VAT) Cash Economy is still yet to be conquered. The North / South divide In relation to National Investment remains huge, with very little being invested South of Rome. Their most recent polls show that the growth in Vote FOR an Italexit continues, if a European Referendum were to take place now then the approx return of votes would be 65% to Leave and 35% to remain. The European Project was NOT what either Italy or the UK signed up for. They signed up to join the European Economic Community ie. A European Free Trade agreement. Not to be ruled by a Franco-German Quango.