Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wolf
Dodgy Diamond was the making of the bank.
He was the brainchild of the Lehmans takeover.
His downfall was a familiar one - slimy, meddling British politicians.
As a former Barclay’s employee I can tell you Bob is revered amongst the old guard.
As a visionary and legendary banker.
And I’ve been in the same room.
When you compare him with Fred Goodwin it’s like comparing Real Madrid with Notts County.
And that’s no disrespect t to county :-))
Mr A
Covid, financial crisis , Ukrainian war, Middle East conflict, Armageddon and WW3 already priced into Barclays before today. But that didn’t stop the club wielding Neanderthals, who price U.K. equities, from pricing standard chartered & Natwest results in today. I’ve said it for years now, the U.K. has got a massive intelligence deficit with the rest of the developed world, which leaves us hopelessly open to exploration and manipulation. Hence, the loss of our best companies and the refusal by any decent company to list here.
“Why do Barclays pay less dividend than Natwest?”
Because Barclays have share buyback programs.
Another way of returning money to shareholders
And a far better way from a stock trades for chump change.
MrA
“Still early days here of course but from what I've seen I suspect that 129p is the new 'floor”
I believe it will go lower, I expect it to test 125
Barclays isn’t trading on fundamentals of course, for the time being it’s lost its identity and become a number, trading on technicals (technicals in my interpretation is simply price action, no matter what chart you use - or numerology for want of a better word)
And, bear in mind, something is always liable to rile markets, sending them into a plunge.
When equities are weak and get driven down even more by an ‘event’ the market throws up some extraordinary opportunities. There is no matter time to buy. As long as it’s the right share of course.
Beo,
“They are saying that at this SP the market is pricing in a capital deficit”
At this level they are pricing Barclays to fail. And maybe in a hundred or two hundred years they will finally be right.
Seen it
“Really a bit disappointed, that Barc has become the weakest link of all British banks.”
Well, if your idea of a weak link is £1.9 billion profit in 13 weeks, I think a re-think is in order.
To add some perspective - you have Bitcoin trading at $34,000 a pop and a world beating bank trading for chump change. Where’s the fairness in that. That only goes to demonstrate that markets are “always” wrong,
But it won’t always be that way
Toff Appleton has written an excellent (and very humorous) book entitled “The Death Of Bitcoin”
In which he predicts cryptocurrency’s endgame.
And you wouldn’t bet against him because…
Toff Appleton is rarely (if ever) wrong.
😆
Mandy
“The world is on the brink of war and fleecy is posting about drones being used for ebusiness.“
Fleecy’s life can be summed up in three shares…
BT
Vodafone
& Lloyds
You wouldn’t wish anything else on him…
Would you?
Position closed @132.23
Profit £0.24
Next trade!
😄😄😄
Mandy
‘The disaster of socialism’
Are you sure about that?
I’m public school educated (classical education)
but the party that has brought to this country the country to its knees is the Tories. What is it? 14 years and counting, of economic incompetence and mismanagement. And the economic destruction of Brexit! (De-globalising in a globalised world)
Why do you think Richmond and Westminster voted Labour?
Answer - because they were/are sick and tired of Ukippers masquerading as Tories.
But that’s enough of that.
On to BT.
Is it true shorts have increased to a record level recently?
It’s been in terminal decline for years now.
And companies, like people, have life expectancies.
I’m not up to date on the latest fundamentals - but the technical indicators are pricing it to fail.
Looks cheap, but it’s looked that way for years.
If it does go belly-up, it’ll be broken up and sold off in a fire sale. And shareholders will be at the bottom of the repayment pile
3p in the £?
Maybe.
DFB opened on SB acct
£1 a point on 100 shares.
I’m playing the penny arcade today 😆😆😆
Master
Don’t read too much in to broker recommendations. In fact you’d be far better to completely ignore them.
Banks and brokers employ analysts otherwise know as beancounters. If they had any talent for anything else why would they be counting beans.
If they upgrade a stock, there’re usually very little uplift. If they downgrade a stock, it can fall heavily, only because market makers mark it down accordingly.
Buy recommendations are meaningless. For example I saw Vodafone had about 15 buy or strong buy recs, and about 3 holds, no sells, a few years back. And it still fell on TEN consecutive days. Now look at it - a monumental washed-up dog.
Shareprices don’t follow beancounters, beancounters follow shareprices.
For example stock X is 300p
Beancounter Y have a target price of 420p
Not looking to wish stupid and wanting to retain credibility beancounter Y lowers the new target price to 250p
Classic example of beancounters following shareprices. Babababababanaba!
So my advice is to put broker recs out of your mind. Believe me, no one worth their salt pays any attention to them in the trading world.
Dr
“Barclays on Oct. 24 said that its net interest margin in the domestic UK retail-banking business would be between 3.05% and 3.1% in 2023, compared with its previous target of around 3.15%.”
And that alone is the pretext for today’s hammering. The bear raiders and MMs ignored every bit of positive news and focused on one obscure negative.
Let’s pretend a broken fingernail is a life threatening situation - that’s about the gist of it!
How these colluding hyena hedge funds get away with it I’ll never know. They are determining the direction of the shareprice and making millions on the way down. The FCA know about this malpractice, but like the toothless fairy they are, do nothing about it. They would never get away with it in the USA. But this is the country where politicians trash our most valuable companies, to make themselves look good in the eyes of the philistines.
One things for sure, Barclays isn’t trading on fundamentals. It’s trading on technical indicators, being driven down by traders going short. Exploiting the price decline. If you ask me it was the victim of a bear raid today. That’s when multiple hedge funds collude to drive the price down, with thousands of algorithm sells, for handfuls of shares. That’s enough to freak market makers, who then mark it down precipitously. The bear raid funds were expecting Barclays to come in short today, but they beat market expectations. The bear raid went ahead as planned anyway. And the market makers complied like nodding donkeys.
Forget the phenomenal earnings and market beating profit, Barclays is just a number now. A number to be shorted. I believe it will test 130 either today or tomorrow.
Already the cheapest share in the Permabear 100, it’s lost about another two billion of its value today.
On the back of a £1.9 billion profit in the past 13 weeks. It doesn’t get anymore insane than this.
This is why I advocate huge share buybacks instead of dividends.
NAV 316 up from 295 in December.
EPS - 28.2 a number that increases with each share bought back.
Criminal!
Come on GS or JPM where are you?
You can buy Barclays and make £15 billion in a day. And tens of billions more over the next few years. And give post Brexit a kick in the teeth for all of us.
Shark
If an American listed bank had issued that update it would have risen 7/8 percent. They have to quit Britain, that’s the only way out of the Permabear trap.
Reminds me of when I was a kid. Thrashed for doing something wrong and thrashed when I never did anything.
barclays are not judged on their results. if they were it wouldn’t trade for chump change. the problem with supercharged barclays isn’t the business itself, it’s the awful, bombed out, ******ed index on which it lists.
barclays owe it to their shareholders to up sticks and re-list in the us , where they makes most of their money. barclays is a global success story, a moderate sized british bank that became an investment bank behemoth. a bank that gets trashed in its own country by obtuse tories for making more profit than philistines find acceptable.
how the hell barclays haven’t attracted predatory interest is beyond me, it must look like the buy of the century to gs & jpm
Svend
“In addition to the above, I would also like to add that the statement "If you've been trading long-term you'll understand what I mean" is a bit of a generalization. There are many successful long-term investors who believe that investing in companies with the potential to return to their former value can be a profitable strategy.”
You failed to draw a distinction between trading and investing. I always state myself as a trader. A loose description of the difference is one is looking for short-term gain, the other hoping for a sizable gain over the long term. For me personally, holding long term on the ftse100 is a suckers game. Why hold a share for 12 months, if you can buy and sell it for a profit twenty times over in that time period?
Of course short term trading has its risks identifying viable targets is imperative.
I think trading is the objective of many people posting on these boards, searching for short term gains. But as we know short-term trades can often become long term investments. It also has to be said, these boards have a high churn rate, the average lifespan of a wannabe trader is short.
Many will try, most will fail, as reflected by poster turnover. They come and go; as one set gets wiped out, another takes their place. in truth, the overwhelming majority would have benefited financially if they had never dabbled in stocks.
please note - this is a trader's perspective, who is well versed in market psychology, not that of an investor.
Clued
Your statement is based on the supposition Phoenix returns to its former value. Which is far from a foregone conclusion. Lots of stocks don’t. You have to remember in this game that, like people, companies have a life expectancy too. One of the most common mistakes I see among investors are the expectation of eternal existence. If you’ve been trading longterm you’ll understand what I mean.
Toad
Day trading is a mug’s game. Calling short term asset price swings is just plain reckless in my opinion. I hardly ever use leverage, I pay for my stocks in full, stamp duty too. Then if a position goes against me at least it’s not accruing fees and interest, which can soon exceed stamp duty.
I dumped Sylvania Platinum last week at a small loss, but I’ve still got my small Phoenix holding, which I intend to keep for now. I haven’t really seen any news to change my mind, but as I said in an earlier post, technicals takes precedence over fundamentals a lot of the time, otherwise most ftse100 companies would trade much higher. L
Jcb
“will not add until I see progress“
Very wise. Averaging down in a losing position is often a bad idea. As you’ve seen for yourself posters on here who have bought in at £7 have boasted about averaging down at £6.50, £ 6.00 , £5.75 ad infinitum. For them averaging down has not only snowballed and compounded their losses, it has tied good money up that could have been invested elsewhere, costing them missed opportunities.
And more disturbingly, putting them in the position of either being seriously overweight, or all-in on one stock.
Which is okay, if it’s Apple, but if it’s a world beating turkey like Phoenix, you are in deep deep trouble.
Advice - keep every position manageable
So if it doesn’t go the way you’d hoped.
Losses are limited.
It’s what we pros call risk management.
But is often absent in novices.