Member Info for MrWolf

Have to agree with most on here, this has a lot of factors weighing down atm, though everyones entitled to their opinion, though I cant see HSBC flanking so bad it has a 2 in front of it.
Like Robin' posted I too have had 3rd party contact with , basically a good friend who happens to do very well in the game, far better myself. He manages his own fund and one of his team left London couple of years now, he happened to reloacte over to H.K.
Which I know well myself, as I was out there myself in the 90's pre handover.
Anyhow, my good friend has still kept in contact 'as ya do' so as im holding a dollop of HSBA myself I could not resist asking for some confirmation last month.
Basically the professional reply I got back was "Dont worry about a thing" confirming there was concern that their restructuring was taking a little bit longer than expected, though seeing half the politicians over there hold large HSBC accounts, they still consider themselves as God among the others on the island.
Also worth noting my friend gave my current HSBA chart the thumbs despite he likes the FX and Aussie Banks atm.
Considering the U.S is swinging the handbag, FX balance and Chinas own equity issues recently ect :
Im happy to hold these, disappointed having a heavy trade naked and slightly negative but im not losing sleep lol
GLA

Yes Prime, well put

Good morning Moby77
Cheers , appears this site has picked up some decent people once again.
What name is the resident heckler using these days or has he became a Jedi and joined the good side ?
Did notice a few people still frequent this site and its always a pleasure and helpful to read others opinions.
Regards W'

Good Morning to you, laughingly Im fully aware of the the financial state of Barclays .
Having been invested heavily since the days when my dividend was worth some peoples annual wage.
My point is that 0.02p as a comparable to this mornings results is far from regarding Barclays share holders any respect at all.
Friday the ECB chaired their decision and advised all the banks to be prudent, not take the p1$$ out of the actual people who own it.
Not sure about everyone else on here, but I didn't wake up one morning and think I will buy into Barclays because the Blue Eagle logo looks good lol
Taking the decision to buy Barclays at the time it was due to the fact, it was perceived as solid Bank and paying a decent dividend .
Unknown to the public the debauchery that was really going off in Churchill Place and the next 10 yrs the world investors would frown upon Barclays reaching for QATAR's hand and not the chancellors !
Back on this site just after the dust settled post crash, someone wrote that during the next decade that, Barclays would only ever be a £1 / £2 share. OMG how true they were and others slated them at the time for daring to predict such an outcome.
So please excuse my lack of elation at 0.02p P.S as I was have expected a tad more than that considering these results.
Once again left feeling mugged off and having to explain to Mrs Wolf that she is going to have to make do with a chicken dinner and not lamb chops lol
Trying to look at this in a positive way is that Barclays chart looks really pleasing and hopefully we should all benefit as the SP gains more ground.
Regards W'

For once we have all enjoyed a nice opening,
Not too happy about the dividend as a comparable offset against the results, it should could have easily been justified at tad better.
Considering this mornings print of 0.02p and already factored buy backs, us share holders got a kick in the teeth again, yet again !
MInd you, it once again came down to the ECB's guidance, they did still advise 'interfere' and Barclays obliged as per usual.
Just wonder if the B.O.D are just as prudent, when it comes to paying their own bonuses ?
It 's a shame that Barclays BOD seem to forget the fact it is the share holders who own the bank !
Still 2p is better than 1p and hopefully we may for once, all see share price value creep up into the 2's sooner than later.
These results should see us gain back some lost ground now.
GLA

Lets hope so my friend, we need it atm.
Just hope theirs a lot of fortune cookies being consumed over on Kowloon, with some positive suggestions saying "Buy HSBA shares asap"
Their I.B reshuffle is literally shuffling atm

I hear you loud and clear !
100% empathy shared there.
The realisation / fact is that most share holders take on Bank stocks as a dividend income .
Even the pension funds invested for the same reason, once you take away and trash a Banks dividend . . . who in their right mind would want to own Banks stocks.
Apart from bottom feeders and day traders.
Not just with HSBC , all though the board. They need to concentrate on putting the share holders first for once !
Instead of taking the p1$$ and using the share holder as the scapegoat at every given opportunity.
Makes my blood boil .
Maybe if we the share holders petitioned the BOE and stated that we are 'Offended' they may take note lol.
Seeing that saying "I'm offended" carries so much weight these days !

Which is what I meant on when posting this on the 7th July.

1. Finally the ECB should give some clear indication and lift the restrictions concerning the dividend later this month 23rd.
Which appears following their chaired decision late last Friday, their 'guidance / interference' went out over the weekend.

Fingers crossed for some really amazing results Wednesday.

In a recent post I hinted that we would needed to wait until the end of this month, for the ECB to chair their decision regarding dividends.
Where as a few were few people pointed out very kindly on here, that the restrictions were all lifted a couple of weeks back.
After this weekends announcement from the ECB it has been advised that our U.K banks remain 'prudent'.
Basically meaning that they expect Barcs and others to pay very minimalistic dividends.
Which is why there was not any real momentum taken up when they announced lifting the restrictions., 2 week back.
Sadly it now appears that we are most definitely going to get shafted on any hopes of a decent dividend.
Leaving Barcs bobbing in the water once again, we need great results print this week to add any buoyancy.
Poxy ECB

After a year of battling a few big banks myself.
Asking the simple question of how regulated plc companies could revoke payments when the share had been DECLARED EX DIVIDEND beats me ?
Plus the fact that them specific dividends was for the past years performance !
Absolutely, blatant fraud in every form.

Though as I found out myself, Sam Wooods at the PRA hid behind Andrew Bailey ( Who also needs SACKING due to a conflict of interest he did not disclose when taking on the BOE governors role, after fleecing and causing massive losses, to not only management , staff and private investors of RBS) 'Beggars belief' ?
Mr Bailey /PRA/BOE hid behind the fact the order 'Not decision' was made by the ECB clearing house.
Under an excuse that the banks should 'postpone' not cancel their dividends due the financial help they had back in 2008, which may I add Barclays never received a penny and got slaughtered for taking assistance from QATAR !
Anyhow through the correct channels I got to the chief ombudsman . . . who clearly didn't want to upset the apple cart and seeing it was only myself who was kicking up a fuss . . . Decided that the BOE knew better than a member of the public.
Where as if enough investors got together this could and should go to court and claim back.
Because it should not be one law for them and one for the other !

Monday was a terrible day for any bank stock, not just Barcs.
Asia's session was the first skittle and then the 'T Bond' 10yr yield lost ground to a touch just under 9%
Which as we all know 'Its all eyes on the 10 yr T Bond' atm
Sprinkle over some fresh covid concerns, such causing massive concerns for risk and equity.
Seeing Barclays started to test its weekly support, this morning only confirms what the charts have been showing this last quarter.
Most big names are smashing out solid half year results, which adds far more positivity than negativity.

It makes a great statement, when shareholders describe their invested sentiment using term like "shaft us shareholders".
Really now, would Barclays board do such a thing ?
Well, considering they have since post 2008, it seems their only goal has been to rape and pillage us shareholders.
Makes one wonder what levels of office debauchery the board get up to whilst debating the next dividend payments.
We should at least return back to the same , if not at least an increased amount from the last H/R div' in 2018 of 0.03p

As for testing the mid 160's, it had been looking like a nice flag up was immanent over the near future. Though after todays beating Barcs SP appears to be testing its weekly support levels, so all eyes on the end of the week now, hoping we can hold in there.
The key issues will be the ECB meeting on Thursday and Fridays Pmi data, whilst sleepy Joe's fresh sanctions on China have not really made any effect as yet.

Powells yacking on alter 5pm our time, least it isnt that ole witch . . . If anyone has trouble sleeping , just play back a speech Janet's given lol
Basically its all much of nothing, Barcs are still trending in a nice stereotypical pattern.

The real the concern atm is the CPI spiking, food and fuel costs and could double the BoEs
'S target within months .
Where as anyone with half a brain "apart from the Mr Bailey and his team" once we had the import c& shipping costs from China launching from an ave £2k to £16k and still getting out bid whilst loading at the hubs ! . . . but some how Bailey and his crew , even the Feds reassured everyone and preferred to use 'transient' as a more appropriate explanation.

Which leaves most analysts second guessing what they will do when it dawns on them that they have only been fuelling the fire !
Whilst the Feds still insist the economy still needs $120b a month, which is over 1.4T per year, more than all the ECB Q.E plus the BoJ combined !
They can not properly address inflation until they get the jobs figures under control.
Just look what affect it is having on the "Holy Grail of equity markets" The T Note, the current Cape at 40 (Well above bubble territory)
They have backed themselves into a dangerous position and really have no real choice but to hope the economy sorts itself out.
This is why equity markets and bonds have been affected the past 48 hrs and when the 'Big Boys' release blow out results like yesterday . . . only to watch them drop in sp.
So all bank related stocks will linger until the equity and bond markets settle and ease of some what.

Another fellow , Smart Investor or as we the majority named it "Dumb Investor" lol
mind you giving fair praise where its due, Barcs fee's are not as painful as some I could mention.
Share Centre sold out to I.I and they could not even answer their phones, though they love the keyboard warriors, hence they got binned off and I continued with my H.L account and my not so Smart Investor.
not sure if you use CFD and Spreads but I.G really take the p!$$ these days, few systems glitches and they deliberately ignore their phones, so you must always take a screen dump and email them so they dont have wiggle room.
To be honest Smart Investor has come on leaps and bounds, back when they launched it was a disaster and they lots thousands of accounts over to H.L ect
As far as I understand when Jez took over Barclays trading account, which 99% loved and all enjoyed the set up, could not continue and had to be revamped due to modern technical issues .
It sometimes dicks about but as they say "Better the devil you know" and the phones always get answered in a crisis by really polite staff.
Though if you are still experiencing issues call and rollock them and ask them what the crack is lol.
Regards W

Bob Diamond was a thieving w@%&£% who built Barclays SP on deceit.
Never met the bloke and last I heard he set up his own venture in S.A about the same time Barcs pulled out.
Jenkins was liked by staff and robbed the share holders, he very nearly let Barclays sink into the abyss .
Which is why the revolving door hit his ar$3 on the way out.
John 'Mac The Knife' left to retire and got bored and was asked to rescue Westpak from their last scandal. Sad day when John left.
Master Higgins has yet to prove himself, despite his years with the Rothchilds hasn't achieved much apart from roll over and still let the FCA tickle his belly .
As for the FCA & The SCO nearly killing Barclays . . . Makes you wonder how on earth Bailey landed on top at Thread Needle St.
Bailey LIED to RBS staff and investors about bail out support and cost many of us dearly and should have declared any 'Conflict of Interest' when he accepted his current position !
Just ask the HMRC how bent Bob was, they needed 18 staff, round the clock just to read his tax returns.
2 people I would love to see in front of a inquiry board, Diamond and Bailey !

Back post bank crash there was a few of us on here, all in the same boat.
In fact does anyone recall a lad who leveraged his wedding fund on Barc shares , only for it to move against him.
Needless to say he blew the account in 48hrs ! never to appear again.

Cant talk as I have also learnt the hard way, having blown my account up twice in the past 14 yrs, first time was so bad the Mrs Wolf called the bomb squad.

Nice positive post , yes without going into 'War And Peace" They have far, far more positives than negatives .
Couple of sticky weeks ahead with U.S, looking forward the HY and hopefully watch this current pattern will pan out.

Wonder if there is a few others who would like to share and speculate their own current positions / opinions ?
Regards W

Not if market fears are true, lot of internal messages getting shared today about this Peru variant / lambda, that it could be resilient to vaccines . . .then its a matter of hedging the heck out of all your positions .
Anyhow I must switch over now and concentrate and check my accounts first aid kit lol before the U.S start getting liquid.
GLA

Nice to see others sharing good viewpoints
Miinie' yes have to agree with you there, lots feel the U.S have been hammering their stocks, just look at FANG for example.
Porsche Good point too, though im afraid some of us have been self harming for the past decade, pre 2008 in fact.
Though my concern today is " who is liquidating" someone big is dumping stock all thru the board.
So Im afraid ill have to switch over now, trust you all have a better afternoon. GLA

Wouldnt worry too much, Asia got a few in house issues going on and HK down 3% / Japan 2.6%, whilst U.S just had their independence Day upset their balance sheets regarding the Fed Q.E " Bit like the Ex mrs when the maintenance doesn't land in her account at 12.01am lol"
U.S has got a jittery couple of weeks, all eyes on the Repo, Coupons and the elephant in the room, the T Note been taking down below the 'Bull flag'
Euro banks hit hard
Regarding Barclays they have dropped flat into the bottom channel on hopefully the last wave, then if all plays out nicely we should see a pick up "fingers crossed that is"
Even the prettiest looking charts can fail when the sellers outweigh the buyers.
GLA