Member Info for Pantherax

Barclays is scheduled to post its first-quarter update on Thursday and Proactive Investors reports that Jefferies expects the company to report pre-tax profit of £1.5 billion for the first quarter, compared to a £236-million loss a year earlier when the bank had to pay $2 billion to settle a lawsuit in the US over the sale of mortgage-backed securities in the run-up to the financial crisis. The analysts further forecast broadly flat total income of £5.4 billion with the investment bank falling to £2.4 billion income from £2.8 billion.

Dinoken - Just looked up WRES - I can see why that would be a major issue for you. That's really poor you're being quoted to 4dp but the limit order is only to two.

I'm using Interactive Investor and haven't had any issues. It's gives access to a wide range of funds and I've been able to do currency conversions with ease, buying shares on the DAX and NYSE.

It's not perfect and they keep improving things - they've launched a mobile app which needs some work but I still do most of my trading on my desktop.

Price wise, it's really good value for money. Rather than paying a percentage of my portfolio I like that they have set fees.

gravy train for this one. Just bought 7,7808 shares today. I expect it will drop the full divi price tomorrow but shouldn't be too long for it to recover. If I end up in here long term I'm ok with that.

@Kamikaze - I'm not advocating 80p but I am hoping to see some upwards movement from where we currently are. It's gone as low as 19p back up to nearly 40p in the last 5 months. So there could be a few opportunities to move in and out over the next month or two.
If they can control their costs tightly, steadily grow the business and survive the Brexit outcome then I think there's a future business that can start to pay down the debt.

As a former Smart Investor victim I couldn't agree more. It took me 12 months to finally get off the platform (in stages).

I did have the opportunity to speak to someone senior who moved into Smart Investor after its awful launch. They basically admitted that major mistakes were made with the launch and they were stuck with it. For regulatory reasons they had to stay with the new platform or make the old one compliant. It would have taken longer to make the old system compliant and they would have missed the deadlines. They were already developing the new platform in the background but lots of functionality/development had to be dropped if they were going to launch on time. So when they launched it was with a product that was a far cry from what was the original scope of the replacement platform. They lost a lot of clients and a lot of money. I’m off the platform now but I think they focussed on stabilising the basics and they’re going to add additional features over time. It was refreshing to hear that mistakes were made, and that it will take time to recover from that.

I had similar experiences with Aviva when the ‘upgraded’ their platform. I’m no longer with them either. Interestingly both Aviva and Barclays did their platform upgrades with a 3rd party called FNZ.

I've bought a few tranches. My starting price was 30p, then more at 27p then 25p. I doubled my holding at 23p to average down. I've got 71,225 shares now with an average price of 25p. Whilst this company isn't healthy and there's some obstacles on the road ahead I do not think this company will be a casualty this year and I'm hopeful things will start to look up. Any kind of improvement in outlook should see a quick recovery from this current low, which means profits to be had. But beware, this might be outside of your personal risk appetite and the bottom could be as low as 19p where it might stay for a while.

So the buyback is in full flow and it looks like the shares are being cancelled on a daily basis. Unless I'm missing something.

Yesterday shares in issue: 71,315.28m
Shares in issue today: 71,303.72m

Richard - you are right - the price and markets will react to whatever deal is eventually agreed.

As a shareholder that is planning for the long term I think Lloyds will prosper either way. I, like many, am suffering from Brexit fatigue. I just want it over - because then business's will be able to plan accordingly. The unknown is the worst part of all this.

Mickey - I don't believe I'm the custodian of the board and I agree that Brexit is very relevant to most topics.
I've seen a lot of well thought posts on here relating to Brexit and the impacts on the finance industry. In fact it's hard not to comment on Brexit when discussing the share price or the potential impacts to the future.

The debate on Brexit itself has caused me some frustration and I've thought I'm not the only one that should lighten up. But point taken.

I certainly agree with that Bruce. The dividend yield is good here - I think it will be just over 5% return on my holding over the 12 months.
Barclays is currently the worst performer in my portfolio - 15% down. But I'm still confident that will recover.

The next few months could be bumpy. PPI is finishing soon so hopefully no more last minute surprises there.

I come on here as a Lloyds shareholder. If the Brexit conversation is in relation to Lloyds or the banking sector then it is relevant. But a lot of it is not relevant to either and is just Brexit SPAM to the point that very little conversation about Lloyds has any chance. And there's lots of insults flying around which aren't pleasant to read.

With regards to bragging - anything below 63p I'm losing. If it did get to 83p I would be sat on a nice profit. The chances of that happening this quarter are remote - and this year? Who knows.

I wish the Government would get busy leaving so the word Brexit can be consigned to history and people can get on with living their lives again.

Thank you for posting about Lloyds. I'll encourage everyone to report Brexit SPAM as Brexit SPAM as it has no place on this board.

Anyway, back to Lloyds - if we see this upside I'll be sat with a tidy profit.

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Lloyds Banking Group PLC 32.8% Potential Upside Indicated by Credit Suisse
Posted by: Charlotte Edwards 4th March 2019

Lloyds Banking Group PLC with EPIC/TICKER (LON:LLOY) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Credit Suisse. Lloyds Banking Group PLC are listed in the Financials sector within UK Main Market. Credit Suisse have set their target price at 83 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 32.8% from today’s opening price of 62.5 GBX. Over the last 30 and 90 trading days the company share price has increased 4.69 points and increased 6.37 points respectively. The 1 year high share price is 69.69 GBX while the 52 week low is 49.52 GBX.
_______________________________________________

I see Lloyds bought back just under 12 Million shares on Friday. The buyback has begun.

It's bad when I have to title a post on the Lloyds board as "Lloyds"

I think everyone should start to report Brexit related SPAM so we can get our board back.

For the first time since probably this time last year I'm in profit on my capital. I've got 494033 shares so looking forward to my dividend of £10,572 :-)

@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?

I've just donated £10 for Mr Wids. I thought that was to enter haha. Oh well. My target price for 2019 YE is 74 Pence. Put me down for that.