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TR, lol. I thought he had been abducted by aliens but I think the SP would have gone blue on that. I think they should invest in a spitting image lookalike if they want to replace him..... or a Muppet...... or a pot plant.
I think Barclays need to upgrade themselves. Would rather be here than there at the moment.
Hi Badge, Not sure why you think I want to see the war escalated but just to be clear I am definitely not advocating that NATO go into Ukraine as I suspect that's what Putin wants as It will play to his narrative. What NATO need, and appear to be trying to achieve, is to cripple the Russian war machine with additional lethal support for the Ukrainians. Despite Russia's setbacks they presently look likely to regroup and escalate rather than fall back. I agree that that Russia pulling back or Putin being deposed are pie in the sky but the truth about sanctions is they haven't stopped Putin yet and I doubt they will. The sums of money the EU are paying Russia for gas and oil are at record levels and everything they are not taking is going to China and India. As of today Putin is getting richer not poorer and he cares little for the welfare of the Russian people. The death toll is already into tens of thousands and will only go up from here. Sadly we may be nearer the start of this than the end and I think Zelensky may be right when he says Russia may not stop at Ukraine.
Russia about to tell the UN the war crimes in Bucha are fake/committed by the Ukrainians/Americans/The tooth fairy? Given there are now satellite pics showing those bodies on the road a couple of weeks ago they look bang to rights on this. Stoltenberg making cryptic remarks today about supporting Ukraine with "more advanced" lethal weapons. You pays your money and make your guess as to what that means but it is looking less likely Putin is looking for an off ramp. I also doubt he will stop even if he takes the entire Donbass? NATO look to have a choice. Defeat Russia in Ukraine or reap the consequences? The de-escalation we would all like to see is looking as far away as ever in spite of Russian setbacks.
Mr A, sorry to hear of your news. Life has a way of turning things around so good luck going forward whatever you decide to do.
Mine's paid already. Give your broker a kick if it's not there?
Hi TM, Sorry I should have been clearer. The 2021 full year results disappointed the market and we were oversold IMO. That news is today's fish and chip wrappers and we seem to have shaken that hang-over off. Yes, the 25th March AFR (risk assessment) was a long read but contained a couple of interesting nuggets.
Thank you JK. Maybe he needs to keep those words out of his mouth!
I'm going to buy a few in the morning. Today's board looked way too red!
The Barclays AGM is 4th May. If you have voting rights you will need to register by 29th April and you can dial in and/or submit questions in advance. We can and should vote against anything we don't believe is right for the business and we can and should challenge incompetence within the organisation. Yes, the institutional shareholders hold all the cards but, if the media have this right, they are as frustrated with Barclays as we are. Our mighty 4p divi will be paid tomorrow. Not a great swap for the 60p that has been wiped off the SP over the last few weeks! We need to tell the board how we feel, vote against them and push for change. I've registered to do my bit.
I'd like to believe that but right now I'd be doing somersaults if we can bag once. We have to 3 bag to get back to where we where in the FK days. I wouldn't be here if I didn't believe in the potential but 37p would need a sea change. My other oiler produce 60kBOPD, have fewer geopolitical risks and are at 55p. That said this is one of the few opportunities for real value in energy at the moment. We are debt free and the fundamentals are improving so here's hoping.
The pressure is relentless at the moment. I thought last Thursday's news about the dismissal of the $23Tr US treasury rigging case might have bucked us up but not so far. Not sure if there was anything accrued for that case that can be released? Where's Venkat? Shareholders want answers mate. Stop hiding and start leading!
The results hurt but we have moved on since then and the SP is looking better since the pre-emption. POO likely to stay high as the sad reality is that the war in Ukraine is likely to drag on. Come on Rahul let's go!
It's Q1 results on 28th of this month which should tell us a story? Unsubstantiated claims on a couple of social platforms claim that Barclays knew they had oversold these investments and kept going? If there is any truth to that then the regulators will have a field day so let's hope it's just talk. That said the level of overselling stretches credibility. Whatever the situation shareholders need to see some meaningful change that gives us confidence that incompetence at Barclays is not like playing "wack a mole".
Last weeks fiasco coupled with silence from our glorious leader was a shorter's paradise and it looks like they filled their boots. Can't say I blame them but they will have to close those positions out at some stage. We are now in Q2 so come on Barclays lets start the buy back while the SP is depressed. If £450M is an honest assessment of the most recent incompetence then there is still a pot of money there to get going with.
KK, Sadly I agree with your read of the war. Little sincerity on negotiation from the Russian side. I think Putin sees Ukraine's willingness to talk as weakness? More atrocities and more lies from the Russian side with more talk about further sanctions from the EU this morning. Perhaps they should sanction Scholz? He's doing more to fund this war than most of the Oligarch's. As you say this war needs to grind on for the US. Use up Russia's resources and give NATO the time to rebuild the western defences that have been taken away in previous rounds of arms talks. The west needs to be careful throwing Ukraine under the bus. They have proven to be good fighters and we are stronger with them. After Ukraine taking Moldova would be much easier! Putin wants the east, and more importantly the south of Ukraine sown up. Zelensky has been moaning about not getting enough support from the west. Not sure if this is genuine or just a way of making Russia think the supply of military hardware is not the big deal they thought it was? Putin cares about more than what he can sell at home. He wants to hurt NATO and build his empire and he's not too precious about how he does it. He's all in so will he stop short of a full Russian mobilisation and escalation of the war? He's a 69 year old irrational dictator and if he doesn't realise his ambitions now he never will. I don't think he's prepared to accept that. This could go on for months yet? The west need non Russian oil and gas and the price will, in all probability, remain high. CASP need to do their bit now. It's not about where we will be in 5 years time it's time to deliver. So I second the motion. Come on Clive, step up.
Got a divi payment Tuesday so I'll be contributing to the blue.
Cheers HU. Thank you for the update.
OK so I get Biden is putting in a limited supply bridge. Arguably it's why there is a strategic reserve in the first place. Interesting that he sees a need for this for at least 6 months? Demand to increase the capacity from elsewhere will remain high and the clock is ticking. Inventory level decreases support POO so we have 6 months of "panic in America" which will put upward pressure on oil. Come on Rahul, we want to help fill the gap while prices are favourable!
Thanks for the link. Maybe Putin needs to buy some himself? Seems his tanks keep running out and it looks like the Ukrainians have attacked a Rusian oil depot this morning. It's a difficult call for the EU as doing what Putin wants will effectively support the Ruble and circumvent some of the sanctions. The contracts don't insist on payment in Rubles so it will be interesting to see what happens. Can't see the US being too happy if the EU roll over on this?