If you would like to put a question forward to our webinar guest speakers Sapan Ghai, CCO at Sovereign Metals, Will Holland, CEO at Europa Oil & Gas and Rick Guiney, CEO at MicroSalt please submit them here.
I agree that anything negatvie about banking shifts this share.
Wouldnt say the Regional Bank in US is totally tin pot though!
420 branches (more than Barclays) and 81 Billion on deposit (Barc had 243 billion in Q3 results)
Yes smaller but not as small as some!
Well done Mr A. Nice profit as ever. As always there will be more oppurtunity. I am still just sitting long at the moment, no plans to get out. I MAY sell if we break 165 and then look to get in again lower but never quite got timing right with out and in deals!!!!
Happy New Year Mr A and others.
I am still fairly deep here for various reasons! Still longer term for me albeit I may start to dabble in some more swing trading this year. I will let you all know if I decide to sell any, as that is more often than not the signal for others to buy!!!
My guesstimate for end of H1 is 168 and year end we will be around the 185 mark. Purely a guess so dont hold me to it!!
Hi @fusion98 - I am lucky and dont have an average anywhere near 300. I was only saying those that have been on this board a number of years are aware that some posters have been invested for a long time and have much higher averages and the 162 you mentioned is way off what people are wairting for! GLA.
Also KYC(ID&V) for account holders has come under scrutiny from the regulator (all banks not just Barclays)
If you opened an account 33 years ago and havent updated your ID, they are likely asking for a refresh of that.
There will be a reason, I dont suspect they are just freezing bank accounts for the fun of it (the regulator wouldnt like that either!!)
Redundancy always comes with a significant cost to achieve, would assume this cost would come out of 2024 financials as will be a consultation period and staff normally get 3 months notice.
Just had a quick look and looks like a good turnaround as H1 profits were way down on previous year and today they have seen a ncie rise in SP. However, it doesnt look like it has all been rosy and very much like Barclays with a decline in SP over the last 12 months however the Divi looks good.
Hi Cereus - I am not sure branches are the future. Costly, underused and that will only decline further as time moves on (my kids have never been into a bank branch in their life! Dont even use Debit Cards, its all linked to their phone)
The strategy of opening touchpoints in towns/villages to have a presence is right IMO. https://home.barclays/news/press-releases/2023/01/flexible-banking-strategy/
Hi Little Dog - I am sure there are many 12 month targets around! The below gives some Broker ratings (not that they mean much)
Posted in: HSBA.L
@scie - Thanks and makes sense. Barclays does have a fairly sizeable Credit Card arm in the US as well as lots of the payment schemes for the likes of Apple and Amazon
Posted in: HSBA.L
Not a holder (I am in Barclays) but looks like you have done well here. Only bank to not have a sharp drop on results day opening. So good news. For selfish reason lets hope it stops the rot for us!!!!
Will be glad to see the back of it!
Barclays went first and was hit, seems the reduction in NIM was a key factor (which my basic mind finds odd as for the last xx years we have been told that its harder to generate profit due to low rates!)
It is then every bank after reports and there are further hits each day as each banks tells the same story!
Today its Nat West, decent set of results from what I see, down 15% as I type! We have also been dragged due to this and under 130 now. Just HSBC left to report on Monday and 'silly season' will hopefully move away and we can have a run of increases.
Posted in: CVSG.L
This all started with the fear of the CMA enquiry. Price is now not reflective of the business IMO. Results look solid, only thing is the Divi is tiny % which wont help, other than that just need some good news (or the CMA to sort itself out) and this will fly back the other way.