Member Info for Pantherax

I will personally be voting against her re-appointment as CEO. Today’s profit are not down to her. But her woke policies have damaged the bank. She’s been caught red handed breaching client confidentiality to the media. Let me say that again - THE MEDIA.

It’s only a matter of time before this is proven so the sooner she goes the better. I don’t care about Nigel Farage but for the bank to care enough to cause us to be dragged through the mud is bad for business, bad for shareholders and she should resign ASAP.

I dabbled with CFD's about 12 years ago. I leveraged a few hundred pounds - ended up a few hundred down and rather than cutting my losses I held the position overnight and added more money to cover the margin losses. It dropped further, and before I knew it I was over £1k down. It went worse and I kept adding. At one point my losses were £19k and I had multiple positions open. I could actually have ended up making a lot of money but as each position came back I closed them off. Had the losses deepened further I don't think I had anything else left to put in at the time so I could have lost the lot. It was scary and I learnt from the mistake. If I was to use the product again I would be a lot more careful - and certainly willing to write off a few hundred pound losses rather than chase it.

@JCB I've done the same thing this morning. I wasn't sure what to do with it yesterday. For me I was considering reinvesting here, adding to Barclays or going to LGEN. I decided LGEN last night and they've dropped 4% this morning so I added at a good price for me. Main reason for going there is the 8%+ dividend.

I got my Lloyds dividend yesterday and was pondering whether to reinvest it there, buy some more Barclays or top up here. I decided last night to top up here and was pleasantly surprised to see the drop this morning. Means I've got a few more shares than I would have got yesterday. I'm here for the long term and I'm here for the dividend which at over 8% means I'm getting a nice return. Just topped up with an extra 4021 shares.

Make sure you read the small print. (If you transfer cash or investments from a Lifetime ISA to an Investment ISA, it will count as a Lifetime ISA withdrawal, and you will incur the 25% government charge on the amount transferred)

It doesn't include SIPP transfers.

Not sure what I've just read. 'Education spendings'

Obviously a spoof comment and an attempt at humour lol

@reducer - Thanks for a well written post and I agree with all 5 points. My personal opinion - despite how inadequate the Barclays board and senior leadership team is; is that Barclays has good businesses, spread across multiple business units across the globe. Despite the faults, the bank can't help but make money. So whilst the business could be so much better than what it is, for all the reasons you've commented on it's still a good organisation at the core. I love the idea of someone being on the board to represent the shareholders. The whole board is supposed to do that but to have someone whose sole role was to look after them would give some reassurances.

The business is good. The staff are good. Barclays are innovating and investing and spending a fortune on compliance. They are by all accounts a profitable and sound business with very weak leadership. The facts are the numbers don't add up in terms of how undervalued this business is. Maybe the board should be swept away. Venkat is someone that Jes Stayley brought in so maybe him going would be a good start. Most of the board members are getting half a million pounds worth of share awards every 3-6 months. Maybe they should make that dependent on share price increase.

When this business gets recognised for it's proper value us shareholders will be rewarded and I don't think that's too far in the distance.

Good luck all.

Trucks - I'm not suggesting for a second I know more than you and you could be right in terms of recovery times. But here's my opposing view and the reason I disagree. These prices are crazy cheap. At £1.38 it's a 53% discount on the net asset value of the company which I know is only 1 measure. Barclays have also made record profits - best ever over the last 2 years - with the last year being let down by Barclays (again) shooting themselves in the foot with the American securities issue which cost the bank £1.2b.

1st Quarter results should be great - and half year is yet to come. By half year if the share price is anything like this and the current buyback is complete then if I was on the board I'd be taking advantage and offering a further £1b buyback with another £1-2b year end. This is an advantage for Barclays that if played right means we could see share prices towards £6 again in 3 years.

I know Markets are unpredictable but the fundamentals supporting Barclays are stronger than ever. High NAV compared to share price. Growing profits, growing dividends, less shares in circulation and a global bank where it doesn't just rely on the UK economy. I have a lot more invested in Lloyds but when I get their dividend it's coming this way.

Just my thoughts - back above £1.80 after half year results and walking towards £2 by year end (2023 not Barclays year end).

Back in March 2021 when Barclays started their first share buybacks I decided to do a baseline as something we can compare back to. Back then Barclays was valued @£31.7b and the Share Price was £1.82. Obviously the market values a company different over time so it is difficult for shareholders to see the benefit of the buyback.

Back then there were 17,365,368,531 shares in circulation.
As of today there are 15,860,972,183 so if the market valued Barclays at £31.7b today the share price would be £1.9992
As it happens the market only values Barclays @£22.1b today (£1.39)

I believe this is an over reaction of the markets in my opinion. If Barclays get back to their value as of March 2021 then the share price of £1.99 is still way below the tangible net asset value of £2.95 so they would still be a bargain buy then. Whilst we might not have seen the worst of this new industry crisis any shares bought today seem like a risk worth taking in my view - and I've put my money where my mouth is.

I've also bought some more today - 7446 @£1.41

I think Credit Suisse are fairly safe but I'm sure I remember reading somewhere that there's a 'resolution' plan in place should the bank fail due to the knock-on global impact which would be far bigger than the SVB failure in the US.

You're right AngerSharkz. This guy has never posted on Barclays or Lloyds boards before and the message (same posted on both boards) has nothing to do with Barclays or Lloyds, nothing to do with Banking and nothing to do with finance bar the lead in subject title. The board has clearly been trolled to provoke a response.

@MPO818 I posted this earlier. It makes a difference in the grand scheme..... A share buyback increases the 'Net Asset Value per share'
It also impacts the Price to Earnings Ratio in a positive way. See my comparisons.

Price to Book Value (Net Asset Value)

Bank of America - 1.147 (14.7% over it's asset value)
Citigroup - 0.52 (Shares trading at a 48% Discount)
JP Morgan - 1.605 (60.5% over it's asset value)
Lloyds - 0.76 (Shares trading at a 24% Discount)
Barclays - 0.45 (Shares trading at a 55% Discount)
Natwest - 0.85 (Shares trading at a 15% Discount)
HSBC - 0.77 (Shares trading at 23% Discount)
Price to book value is a valuation ratio that is measured by stock price / book value per share. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown.

Price to Earnings Ratio

Bank of America P/E - 13.11
CitiGroup - 6.67
JP Morgan - 11.79
Lloyds - 8.5
Barclays - 5.29
Natwest - 10.78
HSBC - 11.73

A low price to earnings ratio indicate that the share price is cheap. The average on the FTSE is 14. Investors looking for a bargain would normally look for a share price where the price to earnings ratio is lower than 15. The finance sector as a whole is cheap with Barclays looking especially cheap.

Cash* not case

No I don't think it will have that much impact. Don't forget you have to earn it in the first place in order to pay tax. So whilst I don't agree with the cut you're still better off to be earning the divi, and paying a percentage of those earnings in tax than not earning it in the first place. Some might take that stance for moral reasons but they would be cutting their nose off to spite their face as holding your money in case is a loss leader.

Make sure you make use of your ISA allowances in order to reduce any potential tax from capital increases plus dividends paid on shares held in an ISA.

He actually can't help himself. Every single post seemed to be targeted at LTI. It's all been seen before and we'll no doubt see it again but it's all too obvious.

I shared the below with a younger relative of mine who was asking me some questions. So I did this comparison to say that this is sometimes what investors look at when doing research.

Price to Book Value (Net Asset Value)

Bank of America - 1.147 (14.7% over it's asset value)
Citigroup - 0.52 (Shares trading at a 48% Discount)
JP Morgan - 1.605 (60.5% over it's asset value)
Lloyds - 0.76 (Shares trading at a 24% Discount)
Barclays - 0.45 (Shares trading at a 55% Discount)
Natwest - 0.85 (Shares trading at a 15% Discount)
HSBC - 0.77 (Shares trading at 23% Discount)
Price to book value is a valuation ratio that is measured by stock price / book value per share. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown.

Price to Earnings Ratio

Bank of America P/E - 13.11
CitiGroup - 6.67
JP Morgan - 11.79
Lloyds - 8.5
Barclays - 5.29
Natwest - 10.78
HSBC - 11.73

A low price to earnings ratio indicate that the share price is cheap. The average on the FTSE is 14. Investors looking for a bargain would normally look for a share price where the price to earnings ratio is lower than 15. The finance sector as a whole is cheap with Barclays looking especially cheap.

I think your comment is more of a political one. I'm commenting on the financial strength and competence of British Banks and I believe when compared to their peers (other banks) like European banks then I'd rather have my money invested in British ones. British Banks are undervalued in my view especially when compared to some American Banks despite the differing business models. Barclays is probably more directly comparable to American Banks like JP Morgan and when you look at things like Net Asset Value and Price to Earnings Ratio then British Bank Shares are cheap. I will post separately a comparison I did as some might find it interesting.

I'm not so concerned about the politics as I am about getting a return on my investment :)

SUFCESSEX

There's lots of different traders - I've been in for a long time and intend to stay as I do believe British Banks are hugely undervalued and whilst it always seems to be one thing after another they have been big unprecedented events which can't be predicted.

I think we've got a positive future. It's obviously frustrating for shareholders who are down. I know the feeling but as I've no plans to access the cash and I'm here for the long time the fact that the shares have been cheap have enabled me to reduce my overall average which has been a positive for me personally.

Good luck with your investments.

Unfortunately it looks like there's a new poster who's been around for years but never posted until recently; has decided to use this new found freedom to attack other posters on the board adding little value to otherwise interested investors. I would never mention names and what would be the point. It will be back under another name next week.

I do find it amusing that the board gets spammed with abuse by certain handles for a period of time and then they disappear. But the language and style of abuse inevitably means they get caught out again. Whatever floats their boat I guess haha.