Member Info for Pantherax

http://citywire.co.uk/money/sharesoc-calls-for-barclays-smart-investor-inquiry/a1134019

I have been trying to transfer my Investment Account (II) and My SIPP out of Barclays Smart Investor since February and I’m still having issues. Initially Barclays put all the blame on Interactive Investor by claiming they have never been contacted about a transfer which turned out not to be the case.

For my Investment account the transfer appeared to complete as the shares appeared in my II account after a settlement date had been agreed. A few days later the money disappeared because Barclays failed to settle. Now, 3 weeks later the money doesn’t appear in either my II account or my Barclays Smart Investor account and Barclays are still looking for my money. I have a debt collection agency chasing me for an HMRC tax bill that I could easily pay if I had access to my funds. I’m due an update next week from Barclays.

For my SIPP account, after severe delays I thought the transfer had completed but then dividends that were paid during the transfer have gone to my Smart Investor account. I’m now paying charges on two SIPP accounts as my Smart Investor account remains open. I’m dreading the thought of having to start the transfer process again to get at my dividend shares – and if I get another dividend, on the dividend shares, I’ll be in a never ending circle.
I cannot understand why Barclays have not acknowledged these issues or why the regulators haven’t made any enquiries.

Barclays Stockbrokers was market leading and to go from one of the top rated to the bottom speaks volumes.

I've got £45,000 invested here at £2.09 - Feels like Barclays have shot themselves in the foot.

That was hilarious. Really brightened my morning. I love satire.

Fair comment JR. It's been a long road and this isn't exactly an exciting share to be in but I remain positive. The MBNA was a strategic move to expand in the credit card space and that now rivals top dog Barclaycard. It's the next ten years where I think your patience will be rewarded.

Agreed. You don't have to respect the man, but you do have to respect the Office he holds. And he is more intelligent than he's given credit for. Obama - worst President in my time - but at the time I loved it. I was in New York on inauguration day and the atmosphere was fantastic. He did very little for the USA and the UK was probably worse off than under any previous President.

I like your view chancer. Love him or hate him Trump is doing things. He's ruffling feathers, he;s thrown the cat amongst the pigeons. I work with Americans that have bad views and good views on him for many different reasons. We're missing a leader/leadership with conviction in the UK and the EU.

There are bad investors and bad investments. Good investors have made bad investments. Bad investors have made good investments. People can be lucky and unlucky. If I was to look at the amount of money I've put in this share alone as an outsider I would say that it's risky, top heavy.... I've made a risk based decision that could work out badly. I've based that decision, personally, after a 24 year career in banking. I do see a light at the end of the tunnel and I like the fundamentals of this share. I think Brexit is priced in - it could go lower over the next 18 months but the dividend potential is real. I also believe that Britain will prosper inside or outside of the EU and that Lloyds will be about for a few years yet - and with the digital challenges ahead Lloyds is the best UK bank to deliver.

Just like Thatcher said, "The trouble with Socialism is that eventually you run out of other people�s money.�

The buyback is doing us all a favour at these cheap prices. As a long term investor I will continue to buy if this share continues to drop. The attraction to me now is the dividends. I hope Lloyds announce a further buyback because I want to see my long term capital increase in line with the dividends. Whether you're a remainer or a brexiteer this interim period is probably going to be the worst period we'll ever see for this share. I've put my money where my mouth is and time will tell if this pays off. I've topped up �15k today which for me is my cheapest buy in - but if it drops into the 50's I'll put more cash in. I'm top heavy on this share I'll admit - I'm at risk. But it's risk based decision and my view is it will pay off. GLA.

I’ve just topped up another £15k. I’m surprised the price is so low with the dividends we’re getting. Any thoughts on dropping further? Perhaps back to 60p? I’d do a bumper top up if it gets that far.

Brexit will make little difference to the City of London. I wouldn't believe everything you read in the press. The UK will be just fine once Brexit has completed and our economy certainly won't crash. What we need now is certainty, stability - and talk of a second referendum is a distraction. I find it strange people are even still talking about it. Most remainers I know just want us to get on with it.

Great set of results for Lloyds. I'm topping up regularly whilst we've got these Bargain prices. The closer we get to Brexit the more this share will rise. @deadcatsbounce - it seems you don't agree with Brexit? There's still a lot of negativity about it but I strongly believe we'll be ahead of the game because once we've left others will and the EU in it's current form will collapse. It doesn't work and hasn't done for a long time. We'll always be European and we'll always trade with European countries and at some point the EU will be replaced with something that works for the different cultures that are part of Europe. Hanging on to something that is broken and failing its many citizens is fool hardy and short sighted. On another positive for Lloyds shareholders, interest rate due, increased dividend and either a stock buy back or a special dividend. I'm happy with either. I'm very positive about the future of this share.

I've bought 18,239 shares in this today at a cost of £34,616. On Barclays Stockbroker trade data (over 10k transactions) it appears as a sell. Someone reviewing this share might look at the buys and sells of the day and this gives off the wrong message. Anyone else experienced that?

I was just browsing through this board and couldn't help reading through some of these posts. Hilarious. Are these genuine disagreements or was this a comedy sketch?

I won't comment any further on staff exits as I don't want to rub salt in any wounds. If they got a pay off then great as most would have deserved it due to their previous contributions. Those that are left are working in uncertain times. In terms of your comments on china and high bets, I'd go for them and I wouldn't think of them as being high bets. China is one of the fastest growing economies in the world and a lot of western companies are putting money there. China has also proven that despite its communist regime it has never thrown out western companies - it takes the investment. There are obviously cultural differences that companies need to be aware of and if disrespected I doubt China would hesitate to act (e.g. Google), however to date if investment is forthcoming and companies operate within the rules both win. With an economy that is boasting %age figures unheard of in the west over the last decade the Chinese economy, (with record average growth rates of 10% over the last 3 decades), is needed to bring the global community out of recession. Regarding your 2011 prediction of 50% by year end - I won't disagree. I would think we'd see that within 3-6 months. I say 6 months as the next company report (end of year) is predicted to now be a profit warning due to the costs incurred of the cost cutting exercise plus some other extras (please refer to the last quarterly report for more detail). My humble view is that this share price is fundamentally undervalued and there will be a very good recovery when the first quarter of 2011 shows it as being in the black as opposed to the end of year red. Having no insider knowledge (plus I don't know whether they do quarterlies) to be safe 6 months is a good bet to see this heading above 80 pence per share. These are my own personal views so good luck to all.

Lucypie - In reference to your bid comment I doubt that this forms part of the group strategy as the aim is likely to be around stabilisation, shareholder value and organic growth. However, if the right partner came along where it looked mutually beneficial for a merger to take place then I wouldn't rule that out, but the leadership would only go for it if it delivered significant shareholder value. When I stated in my earlier post that Idzik and Rickert have a vested interest they are both major shareholders after having taken most of last years pay reward in company share options. They would have signed upto this deal earlier on in the year when the shareprice was almost double the current price. This was done in order to help strengthen the balance sheets and in my view was also a gesture of sharing the current pain with a view for longer term recovery. In other words if they want to get their full salary rewards the company has to be successful. Realitycheck - I'm in the dark as to why the price is yoyoing. I can give a view that companies share price suffer when negative news releases come out. In the absense of any recent news maybe the market has quite a depth of confidence that is helping the price to recover. DTZ's company report shows that the company made a loss last year which is never good news but it also explains why there have been significant cuts made in order to reduce cost. Inevitably when this happens good people are lost as previous posters have pointed out and times of significant organisational change are not comfortable for employees but they are necessary. Once DTZ has nursed the wounds then with the help of the right fundamentals such as investing in growth areas whilst pulling out of areas not delivering on investment then we should see this company return to financial strength and strong profits. Could be a while off before there is a return to dividends being dished out but that will also likely be a focus given that shareholder value is high on the agenda.

Morning All, I've just recently invested in here and seen that there has been a recent recovery in the share price. There are probably many investors here that are showing a paper loss in this share. The reason I invested in this share is because I recently came into a small amount of cash. Having worked at Barclays and personally met Paul Idzik (CEO) and Bob Rickert (CIO and CFO) I can tell you that these were inspiring leaders at Barclays. I believe that they will take this organisation where it needs to be for its shareholders. Remember it takes time to turn an organisation around and these are the guys to do it. I've seen comments about experienced staff leaving but these guys will bring people in that will move the organisation from the ground up. All good companies need good leaders but also those leaders need to inspire the grass roots staff. A lot of jobs have gone from the UK but we've seen that happen through many organisations - state or private. This company has diversified and is investing in Asia which will create growth and value for shareholders. I believe this is a good investment and at the current price this is still cheap. Paul Idzik spearheaded a bid for Barclays for ABN Amro but recommended to the board of Barclays against this following due dilligence. RBS ended up buying ABN Amro as part of a consortium and this very much played a part in RBS almost collapsing. Idzik, whilst COO of Barclays had run a massive program in turning Barclays around prior to this bid. Having had success of that and recommending against the ABN Amro bid his job there was complete. He was a successful leader that introduced a lot of talent to Barclays, such as Bob Rickert who is now also with DTZ. Rickert, also an inspiring leader cleared out more deadwood at Barclays than I'd seen move in a decade. Both are good leaders and are now assets to DTZ that you cannot put a value on. I shall now follow this share with intested as both leaders mentioned have a vested interest to see this company succeed. Good luck to DTZ and the board and good luck for 2011 to all the shareholders here.