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Wow
The US economy continued its seemingly unstoppable ascent out of the pandemic recession and its inflationary aftermath, further burying wrong calls of recession by posting fourth-quarter growth numbers that crushed forecasts. Cooling inflation has fueled consumer spending amid continued, near-record low unemployment and rising wages. The economy’s main growth engine—personal spending—rose at a 2.8% rate while business investment and housing also helped fuel the larger-than-expected advance. A closely watched measure of underlying inflation rose only 2% for a second straight quarter, in line with the Federal Reserve’s target and its plan for a soft landing. Meanwhile, Americans who have voiced negativity in the face of an economy that’s been firing on all thrusters may be finally coming around, as consumer sentiment begins to rise. Wall Street cheered
Meanwhile, the US has pulled further ahead of China as the world’s biggest economy, thanks in part to those big-spending American consumers. “It is a striking turn of fortunes,” said Eswar Prasad, who once led the International Monetary Fund’s China team and is now at Cornell University. “The strong performance of the US economy, in tandem with all the short-term and long-term headwinds the Chinese economy is facing, renders it a less obvious proposition that China’s GDP will someday overtake that of the US.”
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Great News
Banks lead UK firms in dividend payments after HSBC dishes out £8.4bn
Https://www.cityam.com/banks-lead-uk-firms-in-dividend-payments-after-hsbc-dishes-out-8-4bn/
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Https://www.standard.co.uk/business/barclays-cuts-mortgage-rates-inflation-prices-bank-of-england-home-loan-borrowing-property-house-lending-b1133972.html
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Https://youtu.be/0Ba7D24WB20?si=xx-8wl9i4Ox2sq_R
Barclays CEO Says Investment Bank Has Been 'Extraordinarily Successful': Davos 2024
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Shorts doomed to failure.
Share price hammering up.
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Https://www.cityam.com/why-decembers-inflation-surprise-is-not-a-moment-to-panic/?
Please do your own research and always follows FCA guidelines.
Https://home.barclays/investor-relations/reports-and-events/financial-calendar/
Share price hammering up.
Please do your own research as always and follow FCA guidelines.
Shorts doomed to failure.
Please do your own research as always and always follow FCA guidelines
Tue 9 Jan 2024
(Sharecast News) - Shore Capital has reiterated its 'buy' rating on Barclays after reports emerged that the bank was in the process of cutting around 5,000 jobs.
An article on Monday from Sky News indicated that Barclays was expected to announce that it has reduced its total employee base of 85,000 by 5,000 in 2023 when it reports its full-year results on 20 February, in an effort to address structural costs and improve profitability.
"It is understood that the majority of these roles will be lost from back office and central functions, implying that the impact on revenue will be limited," said Shore Capital analyst Gary Greenwood. "The group looks set to replace lost capabilities through greater use of technology, for which the level of additional investment that may be required is unclear. In taking such action, management will need to ensure that there is no detriment to customer service levels or business controls."
The cost of the job losses is expected to a one-off charge of £750.0m, taken in the fourth quarter, according to Greenwood, with efficiency benefits expected to come in the aftermath.
"We expect Barclays to provide a more detailed update on its plans to reduce structural costs and improve profitability and so return on tangible equity at the group's full-year [...]. We make no changes to our forecasts ahead of the results and reiterate our positive stance," Greenwood said.
Shore Capital estimates a fair value price of 290.0p for Barclays, which implies a significant 87% upside on current prices, making it the broker's top pick among the mainstream UK banks.
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5000 Jobs
Https://www.cnbc.com/2024/01/08/barclays-slashed-5000-jobs-in-2023-as-latest-overhaul-ramps-up.html
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Https://www.fool.co.uk/2023/12/17/these-are-my-top-10-ftse-100-shares-for-dividends-in-2024/
Https://www.fool.co.uk/2023/12/17/2-uk-shares-that-could-surge-in-2024-if-the-bank-of-england-cuts-interest-rates/
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Https://news.sky.com/story/lloyds-shareholders-could-reap-500m-bonanza-from-telegraph-deal-13020220
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City firm argues Lloyds Bank shares worth at least 50% more
The base case on Barclays
BARC
0.16%
in today’s note is 235p, rising to 350p in an upside scenario. NatWest Group
NWG
0.15%
is rated “equal weight” and 260p, with a bull case of 440p should there be a stronger earnings recovery due to a resilient economy and higher terminal rates.
httPs://www.ii.co.uk/analysis-commentary/city-firm-argues-lloyds-bank-shares-worth-least-50-more-ii530018?utm_source=newsletter&utm_medium=email&utm_campaign=Daily%20Newsletter%2020231128&utm_content=newsletter&utm_source=sfmc&utm_medium=email&utm_campaign=Daily+NewsletterAMP+-+v2&utm_term=%%%3dRedirectTo(%40article5URL)%3d%%%3f%%%3dv(%40UTM)%3d%%&utm_id=126974&sfmc_id=8519015
Please do your own research as always
City firm argues Lloyds Bank shares worth at least 50% more
The base case on Barclays
BARC
0.16%
in today’s note is 235p, rising to 350p in an upside scenario. NatWest Group
NWG
0.15%
is rated “equal weight” and 260p, with a bull case of 440p should there be a stronger earnings recovery due to a resilient economy and higher terminal rates.
httPs://www.ii.co.uk/analysis-commentary/city-firm-argues-lloyds-bank-shares-worth-least-50-more-ii530018?utm_source=newsletter&utm_medium=email&utm_campaign=Daily%20Newsletter%2020231128&utm_content=newsletter&utm_source=sfmc&utm_medium=email&utm_campaign=Daily+NewsletterAMP+-+v2&utm_term=%%%3dRedirectTo(%40article5URL)%3d%%%3f%%%3dv(%40UTM)%3d%%&utm_id=126974&sfmc_id=8519015
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Shorts closing now at 2.82% or 23,339,059 shares to buy back.
hTtps://www.shorttracker.co.uk/company/GB00B3MBS747/
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Https://www.shorttracker.co.uk/company/JE00BG6L7297/
Shorts doomed to failure going down at 6.1% now or 77,375,130 shares to buy back.
hTtps://youtu.be/A9OF1TomJlM?si=8qHSjC1qjO2vrTTe
Please do your own research as always,
We don't want an offer price is low.
Wow how fcked are the shorts doomed to failure.
Share price rising it is Christmas pure cream on top.
It's time.
httPs://youtu.be/1giQVuoTAFM?si=DNq_Q4AiqzAK4Tp2
Christmas jumpers available now at Asos.com
Now number 1 short at 7.6% or 90,620,000 shares to buy back.
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It's time Christmas is pure cream.
Https://youtu.be/1giQVuoTAFM?si=f0iuO2dBCha-ulwi
Please do your own research as always.