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@barbedwirekiss - a most excellent post.
A recovery back to £1.80 would be nice. I'm sitting on a paper loss of £10,650 over the last 12 months in BARC. The dividend I'm due to get is £1457.84. Whilst this is nice my current average price is £1.90.
I agree with some of the posts I've seen on here in that it isn't the banks fundamentals that are keeping this stock low. I do think this will rise significantly when the Brexit winds have passed - deal or no deal. If no deal is reached then it might create a short term buying opportunity and I'm leaving some cash aside to target parts of my portfolio should that happen. I'm not a day trader so have months to wait this out. In the meantime, as I'm re-investing my dividends it suits me to pick the shares up cheaper - every cloud and all that.
Just my opinion - not that anyone on here would invest on the basis of what they read on this board.
"Yeah yeah yeah ????????????
sure you did boner, you are so full of 541T !!!
rolling around the office laughing at this moment.
Good results, all retail banks got hit today as funds are trying to roll off 3 to 5% on the indices ..... stupid boy!!!
This donkey is in the money from buying again in the build up at 159 whilst covering at 167 earlier and wited for the retrace. then i will be buying more and more as we go through the year.
Your mummy is calling you for lunch boner and your new id bro back mountain"
Strange that you're referencing yourself in your own post @12:12. Did you forget to logout and back in again? lol
Then you're saying Bowers and Bruback are the same person? So how many id's do you have and what is the benefit of having more than one? Doesn't make sense to me but I am genuinely curious.
Gino - that's a really good way to think about the share price. I'm actually a fan of the share buybacks as a believer it will eventually have a positive effect on my overall capital investment. But I'd not looked at it in such a clear way.
What this doesn't take into account though is the profits. If the buybacks are covered by the profits, which as I understand they are, then you're not actually reducing what is in the bank - you're just increasing the value of the share.
So if you had 100 shares, and £100 in the bank and the shares are £1 each but the business makes a 10% profit then you have £110 in the bank. If you buy back 10 shares there are only 90 shares left but you still have £100 in the bank. The shares are now worth £1.11 therefore increasing your initial capital.
Depending on whether you have invested long term for an income or short term to try and increase your capital will determine which shareholder return you prefer. I've invested for the long term, and I'm happy with a 5% return from a dividend POV. I would like to see the share price back up to 80p though.
Agree SUF - the divi is back.
I think 2019 will see an interim dividend of 3p and a final dividend of 5p going up to 3.5p and 6p in 2020.
Anyone think the divi's will rise quicker?
Quillp - Lloyds is my biggest holding and I'm currently £53,570 down on this.
66.18 141315
64.23 51584
69.00 54320
65.76 30250
64.74 15358
63.69 23551
0 1706 (Divi reinvestment)
60.3465 8244
58.878 5921
57.47 13920
57.45 34624
58.89 107 (I'd sold some of this lot)
54.95 60726
I never thought I'd see this go below 60p again. When I get my next dividend I will be reinvesting here and may have another punt to try and average down. I'm hoping it will be this price or lower to make the most of the dividend reinvestment. My current average is 63.12p.
I'm already top heavy in Lloyds but topped up yesterday with another 63,841 @54.95p.
I remember thinking when these dropped to 64p they were a bargain and thinking they'd never go lower. How wrong I was. But I'm looking forward to the dividend and will use the full dividend to buy more.
What do people think the final dividend will be?
I’ve been trying to move from Smart Investor since February because of all the issues I’ve had. Most of my portfolio is now with Interactive Investor, and my Barclays dividend was paid immediately. Still waiting on Dividend shares paid between February and now to be moved. 95 days ago I was told I had to wait 90 days and they’d do a sweep. I knew it wouldn’t happen. Dealing with Barclays has been one stressful headache after another. Going to have to start over with a new complaint. I’ve got dividend shares due on my dividend shares for Lloyd’s tomorrow - if they pay on time.
No wonder the share price is what it is.
I've just added 2771 shares @£1.8144 to my BARC collection taking my total in here to 21,995.
It's reduced my average price to £2.05. Hopefully by year end we'll be back above £2. Help reduce my losses.
Well said Kaiser. I’m down on the share price at the moment but I’m in for the long haul. I will be topping up soon to reduce my average which I think is slightly higher than yours. I think the dividends will continue to increase which will cover my current losses even at this price. I do believe this share and Barclays are undervalued at the moment.
Pan '' It should be on a constant upwards trend with the buyback in play'' Why should it? ——— I’m thinking basic supply and demand. If volumes are low and Lloyd’s are buying on a daily basis (was it 13m today) then that should be a positive to the share increasing. Unless there’s more selling happening. But who’s selling at this price? And when you look at today’s volumes there’s more than twice the amount of shares bought than sold and yet the price drops. 56m sold against 117 bought and the price drops. Doesn’t make sense in the traditional way of thinking about shares being traded.
So why the drop in price then? It should be on a constant upwards trend with the buyback in play. Is the stock being shorted? I'm trying to free up some of my money that is currently in funds. I should have another £10,000 within the next 4-5 days. If they're this price or below - I'll top up more. I'm currently £15,000 down so should help average my price down.