Jay K - I get it . It was Russia/Ukraine that time but there has been 'something else' other times. My mistake has been (for example) I will sell some when it gets to 200p, it gets there, I think, this will probably go a bit higher I will sell when its gets to 220p, it drops back a little, I think shall I sell at 190p, I say, no it will get back to 200p and as soon as it gets there I am shifting some, it then doesnt get there! :) Yes flexibilty is key but actually taking action is the big one for me!!!
I am also loving this recent rise however (sorry to be a doom merchant) but I remmeber just over 2 years ago (jan 2022) it was sitting around 215 and I thought we could see 3 quid by the end of that year! You know what happened next.
Long may it continue to rise but I have been 'greedy' in the past and not sold when it reached a target price. I have then sold some over the years and see it rise. I am always invested in this but all I will say is, I hope I learnt that if I have a target price I will stick to it. (easier said than done when all is looking rosy!)
See Lloyds annouced they have set aside £450m for Motor Finance Claims in todays results update.
https://www.bbc.co.uk/news/business-68367430
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!!
GLA
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/