Member Info for razzledaz

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.

With the Interst Rate decisions coming up, what are peoples views on how this will go over the nxt week.

Opened up today and hit 133 only to see it drop back to sub 130 pretty quickly.

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

@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

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.

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.

Yes this was related to SVB meltdown but is this just another meltdown!!

@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!!

Would be at HY and EOY resuilts (normally)

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!!

Yes starting to track back up after getting as low as 131.46, now back to 136. Crazy times.

Currently down to 135! WOW!

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!

Https://www.bbc.co.uk/news/uk-67087758

So if it is worth 15p per share to investors and we have had 4 rounds then that 60p has saved us being at sub 100 today!

Thats the 157.5 you mentioned Mr Wolf. What we thinking from here?

Very rare to see us as the leading light for the FTSE100. Anyone have any ideas why this has 'jumped' when the FTSE is pretty much flat and Lloyds, NatWest, HSBC are all down as I type?