Member Info for MrWolf

Morning all
See that we have a few wild card predictions being shared once again, guess a few are scratching the side of their heads atm
Cut 'n' paste from shared drivel back on 26th July.
. . . Barcs seems to be forming a some nice patterns atm, few Elliot markers have touched nicely too.
It does look to be triangulating again so if we see the next 170 / 165 rebound 10 /15 points getting to test early 160's down to support levels into Sep and Oct, we could all be sitting watching a breach of (Wave C ) of which cuts into 135 & slippage towards the end of the year.
As I said "Don't shoot the messenger" as this would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +)
If this does not pan out smoothly, the only other option is the occasional drive from R.I's pumping up on good will and hope into 170's and 180's, without momentum these moves will get sold off each time as per.
Economically the end of this year we should start to melt the snowflakes, thats when we all need to up our game.

This morning we have Fat Boy Bailey bumbling along the hedge row once again, publicly announcing the bond bonanza ends of the 14th, yet only a few weeks back he stated that the current financial conditions on our banks surpassed the stress they can actually with stand.
Few tweets out this am of Bailey privately assuring banks he will continue if needed to save the P.F's talk about a conflict of interest. Bailey is not fit for purpose in his role, even allowing this all to unfold, hiding behind his famous quote "Its only transient" the blokes a weapon.
Bailey needs a p45 without a shadow of doubt, he can take that inept twit Kamikaze with him.
We all know the translation for Kamikaze interprets as The Devine Wind, well that just about sums up the front bench at the moment and they have all been on the cabbage soup.
Barcs have dropped into my buy zone, which I had between 135 & 128.5
Always DYOR, BOL W'

Yes, before some kind hearted sole points out the obvious typo STEEL ( poxy auto adjust is getting binned off )
Just finished reading an article on US housing rates, which are now up as per 2008 and could impact world financial markets "No $41t Sherlock"
US must be cringing having realisation setting in over there now.
Least over here we can thank ole Bailey for allowing our GBP to get battered, its not that any of us wish to go on holiday in the next 12 months and not have our pants pulled down.
Suppose he thinks QATAR might want to buy more fighters off us if we have a weak pound and he is doing our economy a favour.
Personally though Id love to see this all bite him on his fat lazy ar$3 and go to pot.
BOL all
Regards W'

Just dropped 7p in a little over half an hour!
Hence I didnt trade such a perfect TA set up, always chop around these rates increments.

Hi there Reducer & all others contributing
T.A / common sense and a twist of experience always helps trading this "Dog of a share" lol
Though I haven't contributed myself since end of July, just didn't feel the need to reiterate my opinion having shared it once already ( humorously put )
Heres part of my drivel from 26th July 12:00 . . . .

As the saying goes "Don' shoot the messenger" always DYOR
Barcs seems to be forming a some nice patterns atm, few Elliot markers have touched nicely too.
It does look to be triangulating again so if we see the next 170 / 165 rebound 10 /15 points getting to test early 160's down to support levels into Sep and Oct, we could all be sitting watching a breach of (Wave C ) of which cuts into 135 & slippage towards the end of the year.
As I said "Don't shoot the messenger" as this would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +)
If this does not pan out smoothly, the only other option is the occasional drive from R.I's pumping up on good will and hope into 170's and 180's, without momentum these moves will get sold off each time as per.
Economically the end of this year we should start to melt the snowflakes, thats when we all need to up our game.
. . . . .Since then we have held some good ground and we look strong atm
Despite that I was hoping for a 2.5p div and the tight fisted twats gave 2.25 ! that 0.025 actually makes a big difference.
Considering they literally STOLE our previous dividends after going X ! (still ranting)
We haven't seen the government step in and STEEL the dividends from the likes of the energy companies and likes of Shell and B.P. . . . Country is in a genuine crisis and yet they haven't cancelled their dividends this year, makes my p155 boil !
Anyhow back on track as you did mention you wanted some of us to share some T.A lol
Now the fund managers ect can get their heads around estimating the latest debacle (Seeing the expiration of the rescission offer is behind us) We can all start punching stats from "pre **** up" and look forward to getting back on track.
Adding into the mix 50% of Barcs income is from the U.K with credit cards getting hammered atm offset for Q1 2023 results V's default's on non secured loans ect lots will hit the wall in my opinion.
Though despite all of this we need to factor in short and long term notes / bonds are stonking up too.
Which leaves me looking at a nice Bull Flag set up, off the 200hr MA with a bounce off the RSI 40.
Though Im not trading this set particular set up, due to the fact we usually get pulled back after a rate rise adjustment.
Despite all this Cables is getting banded and (Fat Boy) Bailey needs to pull his fingers out that mutton pie.
Before Putin and Xi tag team Truss, Sleepy Joe's really tugging the tigers tail, its the last thing we need atm.
One things for sure, there's a lot of people on tender hooks and we haven't got one decent person at the wheel !
As alway

For once its nice to have logged on read through some constructive threads, good link from Mr A there as to monitoring the book regarding options, as that is also a very good indication for any underlying moves. Along with the brick wall 200 dma.

Back in the day this used to be a great board to read through, then it just absolutely trashed.
So I would like to take this opportunity to thank everyone who constructively ads to this BB in every shape an form as its nice to read everyones opinion, fair play.

Back on track, Visa poked a hole through the anals figures today.
Which in turn bode well on Barclays book.
Sadly the IMF are sticking the damper on things with their fears of the economic downturn towards the end of this year.
Which is why Im being very cautious atm, of late I have been sticking to my FX and just monitoring Barcs for potential momentum.

Good thread from Mr A retail investors torn between owning Barcs and Lloyds ?
Barcs having dropped that huge stake in Kensingtons Mortgage portfolio, it concerns me as I do not think the BoD have thought that through very well at all.
Most commercial portfolios are bricking it at the moment and robbing from Peter to pay Paul, with a total shower of $41t in power running our country, it beggars belief on how much crap they can brush under the carpet, without tripping over the mound !
Lloyds seem to developing their book structure similar to Barcs and barcs grabbing more property related income.
It just does not make sense, both those fundamentals are what basically diversified the two.
For any short term investor looking at both Barcs and Lloyds, I'd recommend to go dog racing and place each way bets lol
Just hope Barcs pull the rabbit out of the hat tomorrow morning, with everything else to factor in, its not only the end of the month, its the end of July for most others, busy day ahead.
GLA

Hi M1lk3y
Yes Barcs BoD's need to start addressing their failed promises with some actual returns for once.
I have no problem in personally addressing the gravy train tickets, as I have done a few times in the past.

Hi CrunchyNuts
Yep I have one lump from pre crash days owing me £5.10 that would make your eyes water, then another lump owned at £3.42 and £3.10.
Which alone would have paid for a pad on Chelsea High Road back then, todays share price I'd be lucky to cash them in for a 1 bed flat lol
Off now will look in again soon, GL

Just a quick log in to say "Hi" to everyone still hanging in there.
This past 6 months has been a total sham, it disgusts me to even think how the BOD's brush all the $41t onto the share holders and yet, still get away with sheer incompetence !
Whilst most of us only have eyes on the next divi announcement, which I would appreciate seeing a min of 2.5pps in line with their promise, after promises of a"progressive dividend" we can only wait and see.
Barclays is expected to set aside £979m in litigation and conduct charges for the second quarter, whilst the over sold structured notes rescission offers, with compounded interest added, opens up shop next week and runs for the following 30 days.
Whilst taking time to digest and speculate the future BOE rates and a major projected failed earnings across the whole board.
August looks set to be very interesting thoughout.
So I have been tweaking my own charts as the year has bobbed along and thought I'd share my own outlook for Barcs.
As the saying goes "Don' shoot the messenger" always DYOR
Barcs seems to be forming a some nice patterns atm, few Elliot markers have touched nicely too.
It does look to be triangulating again so if we see the next 170 / 165 rebound 10 /15 points getting to test early 160's down to support levels into Sep and Oct, we could all be sitting watching a breach of (Wave C ) of which cuts into 135 & slippage towards the end of the year.
As I said "Don't shoot the messenger" as this would be one hell of a strong move that most funds buy into for the strong leg up to P (214.18 +)
If this does not pan out smoothly, the only other option is the occasional drive from R.I's pumping up on good will and hope into 170's and 180's, without momentum these moves will get sold off each time as per.
Economically the end of this year we should start to melt the snowflakes, thats when we all need to up our game.
Looking at my glass half full lol, least Barclays is far better positioned fundamentally to hold its own against the likes of its competitors.
So paws crossed for a min of 2.5ps div , 3p + would be appreciated far more though, considering the crap most of us shareholders have taken this past 14 years !
GLA

Hi Tatap
Most of us all recall saying the same thing back when Mervyn King let the rate drop below 4%
This country was on a deliberate down hill slope since that very day.
All it has done is allow the "Snowflakes" to create a pile of debt, which is and has been deliberately done.
Regards W'

Good afternoon PSK
yes a few rear end squeaks dropped out of the DOW yesterday lol. NAS looks in good form as pre pandemic levels already taken adjustment. Saying that, there is still a few over valued / owned names causing concern still.
Without stating the obvious, any and every retail bank will need to offset potential losses related to recession / debt recovery.
Though this is where us (Barcs) share holders should reap reward in a recession as every IB arm will make money in any given volatile period. Where as the safe playing retail will have their revenues chipped away.
Take D'Bank for instance, having completely over hauled their own structure and investments, they should also start to see better returns.
Barcs have a reasonably diversified book / IB arm and should balance out any recession damage with raising rates, volatility income and divergence on the yield curve.
The only thing not launching us back into a 2/2.20 trench is the fact that Venkat is not fit to hold a CEO postion having allowed the oversight of such a disastrous mistake, whilst employed in his previous title.
Secondly there is still going to be ripples directly and indirectly felt as the water settles.
No institutional investment company likes doubt.
Sadly these matters need addressing before the big lads clamber back, Barcs lost a lot of support / investment over such a school boy error.
Regards W'

Yes Tom78 "Spot on" great viewing if some younger investors on here have not seen Y.P.M in the past.
Well written / scripted series.

Onedaysoonish Yes, just seeing his smug face irritates me. He has one of those faces, you just want to slap lol

Back on topic
This mornings print of 0.1% under the anal's estimate, where as we in the real know the "un fudged" figures is more to the true value of 20% atm . . . Jokers !
Hopefully Barcs can cut deep into this 200 ma as it usually is a cause for concern, though we do look good atm.
Lets hope we dig through fast this time.
Regards W

sorry for typo's /can't multi task lol

Hi there, hope you are doing ok and everything is going to plan.
When the (Doo do) hits the fan, usually I sit back until the dust settles.
Having wasted far to much time in the past I have learnt that, when there is other factoring issues its best to sit back lol.
Hopefully with this recent strong Bull Flag broken through, we now can start to glimpse though the resent dust storm.
It does look in our favour to clarify that the swing has passed its base again.
Anyhow tomorrow will be a very interesting day, paws crossed Bailey takes note this time.
Must dash so enjoy the rest of the day, lets hope tomorrows figures cause them all concern.
W'

How can anyone with half a brain cell, not have seen what was simmering away ?
First Carnage chucks the hot potato to "numb nuts" who proudly accepted his glorious role, along with £500k + P.A
The fact that he can sit at a serious "Red flag " meeting, nod off and smirk, whilst blubbering about his new fave word "Transient"
The only time I wish to hear that word is when it is used to describe, Sloppy Bailey's position !

Why do we not have some gov' ledg in place that senior people chairing such roles, get paid on performance, while receiving a realistic structured salary.
Only our government can be blamed for this mess, wasting billions on (covid contracts for mates) dropping far too much money in the wrong part of the economy, just after so much QE had been flooded in.
Sitting back and watching a 0.25% rate . . . ffs a 12 year old child would know what the outcome would be.

Bailey can not hide behind tomorrows inflation print, if it is what most of us expect, also factor that Risky wants to step in !
When it was Risky that just poured fuel over the simmering fire these past years .
Bailey should have had the elbow, way back when he proudly nodded off while the BoE board was discussing our countries predicament.
Either way , this all goes down one road from now on . . . a more aggressive rate, perfectly timed as Barcs has its own meeting . . . with its old pal (200 week MA) the SP has taken many a knock back with the 200 ma these past 5 years.
This time it looks like we may carry though with some strength at this attempt, it will be a key indication of S and not the usual R level.
Guilts are starting to price in a more aggressive BoE, which is good for us share holders in the long run.
So im crossing my paws we have a blowout print and Bojos circus hold an emergency meeting s for the clowns !
Which will all indicate, we should be off to the races pretty soon lol
Best of luck to everyone.
Regards W'

Afternoon The Reducer
Its only a loss when you cover a negative trade, can only empathise with you on losses concerning Barclays.
Even I am currently under water at the moment, whilst they remain in this range.
Sometimes my friend its just best to hunker down and bury your head lol.
Which is what I do when in times like this, so I concentrate on playing other stuff I hold.
One thing is for sure Bank shares like Barclays , some others, are on a lot of wealthy managers radars at the moment.
Lots of uncertainty as you know and once markets get some clarification things will rocket.
Have a wonderful weekend.

Good morning The Reducer
Just logged on for a brief glance through past few weeks .
Reference your comments on what John made regarding the curse of doubling the share price.
That was actually stemmed from a staff only meeting, held in the town hall.
When I questioned him over making such a wild statement, he did genuinely believe it was possible.
With sincerity I can honestly say I like John, genuine, sincere and very shrewd bloke.
Which leads me to make note of (Knock off Nigel) he has had a real soft landing and able to hide behind the Covid crap, yet he has seems to have achieved absolutely fffffffffffluff all since taking the chair.
Amazing how this year he's o.k'd the AGM to be hled up in Manchester !
Whats the point of holding an AGM up in Manchester, maybe it had something to do with him knowing he was in for some severe stick this year, on record of course.
Well back on track . . . it does look like we are settling in to a right shoulder pattern ( Inverse H&S pattern) the left one being settled back in 2018, the head settling 2020 and now the right one recently finding a base.
If this is and does play off a right formation, then its conformation will prove correct once we go though the recent high sets at around 218 / 220's . . . then its business as usual, though this time its a min T of 365.
One thing is for sure Bailey is now publicly known for his incompetence and is not going to bumble his way through the next few enquires regarding inflation, inflation is going to get far, far worse and rates are not going down lol.
Regards W'

......If I was to chuck a wild guess out there, it would be at least 0.04p and more buy backs, anything less will just concur the blatant disregard the board have for its share holders. (Yesterdays arvo's exchange between Moby and I)

Only thing I can say is we have still been under valued considering we are the share holders.
So how many of you longer term investors have adjusted this years total for the "STOLEN" dividend put aside from the covid Ex div ?
Higgins did say the bank had set aside and was prepared to pay its investors, if not the pressure from Sam at the BoE & above!
Why was that amount not just put aside and returned in form of a S'D, instead it gets dropped in as a buy back, what good is a buy back in a declining value asset ?

Just take the time to compare the results print and the aggressive dividend promised since 2014 !
Should we be grateful we didn't receive a -4p fianl alongside a 14 day demand letter, with administration and postage costs also covered by us share holders.

Logging off now and off out as i'm done for today now.
Hope you all have a good day.
Regards W'

Hi Moby77
Concerning the dividend, us both lol
If I was to chuck a wild guess out there, it would be at least 0.04p and more buy backs, anything less will just concur the blatant disregard the board have for its share holders.
Considering they have been making a lot of hay these past 24 months, mostly under the U.V lamps with us share holders footing the lecky bill.
Off now, have a good evening
Regards W'

Barclays have treated its share holders with utter disrespect since they kicked Dodgey Bob Diamond.
Cant believe I am even writing this but at least Bob looked after the share holders !

As for soppy Tony, he very nearly sank Barclays, great staff management and no idea how to differentiate between retail and I.B though.
WTF was he doing slapping a R.I all he did was drop the potential £3.40 /£5 into a £1.30 / £2.40 trench.
with debt mounting up behind, all the BoD's were concerned about was their bonus and shares packages continuing !
Criminal scandals one after the other then their best ever Aprils Fools joke . . . "We are pulling the Ex Div" 48 hours later an that would have transferred over.
From the Cb down to Bailey and Sam . . . all corrupt scheming, cheating *ankers !!
Yes I too use divs as part of my income and not entitled to government covid hand outs either.
What country can expect its citizens to pay NI, TAX and VAT work hard save, worry about bills and live next door to a dosser who can claim every benefit going , whilst moaning about their amounts of benefits they receive, whilst the local authority pay their bills and rent on a place in central London for eg:
All because they quote "I know my rights" where are our rights having our income frikkin stolen within 48 hrs of transfer ?

Mind you if you want to DYOR and google GRG and Llloyds / RBS families even submitted suicided notes left behind after their loved ones topped themselves after not even defaulting on a payment, when Lloyds / RBS /HBoS called in their secured loans.
Fact; Even Noel Edmonds put it on the CEO at their AGM on record, he still lied ! then later paid Noel a massive out of court settlement, because they got caught bribing, yes bribing the chief prosecution witness !!

Barclays are no better and they know they have as much blood on their balance sheet as do HSBC
Naively I heavily invested in Barclays pre crash and truly believed that someone like Lloyds / Barclays were all working in the fluffy crowds of British Justice . . . .OMG how, so frikkin wrong was I.
Our current head of BoE Bailey even helped to cover up the RBS scandal and starts stuttering and stammering at public appearances. Because he too is on visual audio lying.
We do not have justice in our country anymore or even Bojo would be black bagged by now.
So many people have said over the years "Its one rule for them and one for us"
How true a sentence can anyone ever make ?

Just need a few more hours to pass and see if the board have considered its share holders this round. Would not hold my breath though . . . If not Im sending Churchill Place a dozen high quality ear plugs for the next F2F AGM !

Firstly, well done Wiseowl41 with your BP . . . don't you just love closing a position and seeing it move more lol.

Hi there ValJu, well done with your R.R's, you need to keep them longer than a year for a few oil patches lol.
We were jesting about Barcs being a used vehicle, which I had in mind a high milage R.R, you know the one's. the one you jump in and see the suspension fault light flash up lol.
My last Range, no more, could have bought a house in Manchester and rented it out, with the depreciation in 12 months !
Back on track with our Barcs, im not the person to suggest to others buy or sell.
Retail will be a struggle this year, profit counter acting losses and admin chasing Risky's backed loans.
We still currently have a sticky area to spike through.
20bln borrowed through the Banks for covid self employed . . . know many people, who abused the system with no intention of paying back anything, instead just used the time to draw it all down. So not to look like fraud, then fold when the payments get demanded.
(For the record I have nether received a penny off our government in my entire life) though the retail banks are now chasing all the debt, before they can ask Risky Sunak to cough up.
It hasn't done us share holders any good, watching the Banks chuck out all the loans, they just have to spend ages and time on trying to recover it all back.
The debt will far out way the honest ones this year. . business will fail and them loans will end up in their private accounts as wages, not assets to the Ltd companies they are all folding.
So answering your question Im holding out for a bit more.
Regards W'

Think that jobs data got them a little too excited, Nas took a dive and their real 30yr yeild went above zero for a 1st in a while.
It stuck the 10 yr Note up and above 1.90% think it was a faster reaction than most anticipated. Fed will have no choice now but move faster and more aggressively.
Thats me done, im off, wish everyone a pleasant weekend.