RE: Sanctioned Putin associate ‘laundered millions’ through Barclays20 Sep 2020 21:38
I actually agree that LLOY and NWG are risky shares to hold now, but are now looking very cheap. For the SP to reach the numbers you have just plucked out of thin air with no rationale whatsoever behind them, nothing short of a severe housing crisis would need to ensue.
I don't hold these two at present, but if i had to choose, i would probably favour NWG now over LLOY, purely for the higher capital reserves and the fact that the govt own a significant proportion. On a UK PLC recovery, my choice would revert back to LLOY. However at present i am waiting for these two to bottom out with the dabble now and then for quick profits trading like i have been doing successfully over the last 6 months.
Barclays however have a diverse revenue stream across far more geographic locations with a significant proportion from the US, plus the IB arm acting as a natural hedge. You cannot paint BARC with the same brush as LLOY and NWG, so to say that BARC will fall as much in terms of percentage as LLOY and NWG from today's prices is downright dumb, and evidently BARC has faired much better in terms of percentage drop since Feb, and still some way off its march lows. Sure they have bad points, but tick far more boxes than the other two....no one can deny that.
Sure the SP may hit 90p in the coming days whilst the govt decide what they want to do re covid restrictions as the longer the uncertainty goes on, the higher the probability for interest rates to drop in November, maybe even hit high 80s? If we ever saw those prices again, you would be barmy not to have a dabble.