Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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)
https://www.lse.co.uk/ShareBrokerTips.html?shareprice=BARC&share=Barclays
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.
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.
@zebbo - I posted this yesterday.
Just looked back at earlier in the year. Went as low as 128 on March 20th and then back to 162 by 27th April . Keep positive all those that are long!!
Not sure what the markets will make of them. Was reading in the last few days that expected was going to £1.8bn and its ended up £1.9bn, however still slightly down YoY.
I have thought before when reading results that the share price must go a certain way and it does the complete opposite!
From a quick look, you could have got in at 145 and back out again at 162 on three occasions this year.
End March - End Apr
End June - Mid July
Mid Aug - Mid Sept
So not a bad strategy at all IMO!
The other thing to remember is that shares are also added for Employee Schemes each year. Not as many as have been taken out but its not a straight reduction.
On the £2 per share question, my (very) basic understanding is this...
We have 15bn shares today at 1.56 = c£23.4billion company worth
For that £23.4billion worth to be £2 per share you would need to have 11.7b shares in issue.
So a further 3.3 billion shares to be cancelled at 1.57 per share is another c£5.2billion of buy backs.
Anyone who knows this game better than me, is that right or am I way off!!