Barclays Share Discussion Threads

[smurfy2001] 23/6/2015 19:23

Barclays Close To Sale Of North Sea Investor

Mark Kleinman, City Editor
Barclays is closing in on the sale of a division which invests in North Sea oil and other natural resources companies as part of efforts to simplify the bank.

Sky News understands that the UK-based lender is in advanced talks with the management of Barclays Natural Resources Investments (BNRI) about a management buyout.

A deal, which is likely to be concluded later this year, comes a year after BNRI was placed into Barclays’ non-core unit, which identified £110bn of assets and businesses which the bank would seek to exit.

Antony Jenkins, Barclays’ chief executive, has begun to make progress improving the bank’s performance despite an ongoing run of trading scandals which have seen it fined billions of pounds and forced to set aside billions more to compensate customers.

Under the proposed deal with BNRI, its management team, which is headed by Mark Brown, will acquire and rename its investment advisory platform.

The companies in which BNRI is an investor will remain owned by Barclays, with those holdings managed by Mr Brown and his colleagues.

The BNRI executives will no longer be Barclays employees, and the deal will enable them to seek capital from third-party investors.

A person close to the transaction said its proposed terms would seek to maximise value for Barclays shareholders while continuing the process of streamlining the bank’s operations.

BNRI was established in 2006, when regulatory treatment of private equity investments by banks was far more benign than in the years after the financial crisis.

Its investments have included Third Energy, a start-up business focused on acquiring and developing gas assets in the North Sea; PetroGranada, an oil and gas explorer in Colombia; and Enhance Energy, which specialises in recovering oil from mature fields.

In total, BNRI has committed $3bn to nearly 30 companies since its launch, according to the unit’s website.

Since Barclays created the non-core unit, a number of operations within it, including its retail business in Spain, have been sold.

The BNRI disposal comes weeks after John McFarlane replaced Sir David Walker as the bank’s chairman, amid growing City scrutiny of its investment bank, which has been beset by low returns.

[diku] 23/6/2015 18:50

Powers of control at play today....30mln shares traded and Barc closes flat....
and don't tell me there were same amount of buyers as sellers....if you believe that you will believe anything!!!....

[alphorn] 23/6/2015 13:37

There is also the need at times to hold one's nerve for a share price to regain its level after a particular event.

[mani2013] 23/6/2015 13:24

Agreed Diku, It is dangerous in these modern times to be biased on one direction for too long. One has to be aware that traders can now also profit in both directions (LONG or SHORT).

[mani2013] 23/6/2015 13:18

How far up or down a price moves is dictated by the profit:loss ratio of a given trade. This is why support and resistance levels work so well. E.g immediately after resistance breakout, traders look to the size of the move to the next resistance level in comparison to the potential loss of the trade if they at wrong. If the P:L ratio demonstrated by the charts fit in with the P:L of their trading strategy, they will take the trade (i.e create demand or supply). Multiply that by a few thousand traders, and you have price movement prevalent in a specific direction. Hope the above makes sense ! There is no easy way to explain it.

[mani2013] 23/6/2015 13:10

Reimimo, Not necessarily.80% of the time, a market instrument will trade technically e. after an exogenous event, such as bomb going off somewhere, or a natural disaster etc. The breakdown of a currency (e.g is Greece were to ext the euro) would also be an exogenous event. However such an event would have a prior buildup giving you clues to the anticipated movement. Exogenous Events happen all the time. The trick to reading is how to capitalise on the movement cause by an particular exogenous event. This is where Charts come in as they identify where how far up/down the professionals want to take the price after the exogenous event has identified the direction.

[diku] 23/6/2015 12:53

One has to cover both sides!!....

It will be good if it closes at highs of the day...around 274p...

[reimomo] 23/6/2015 12:45

Mani2013 wrote: "barring all exogenous events"

Yes. That's really the problem with charting, isn't it? Events.

[mani2013] 23/6/2015 12:00

Hi Ken,

Good to hear from you. Hope all is well.

Do you mean expectation on the results or expectation on price ? If price, then expectation before the results or after the results ?

In any case I could not hazard a price prediction based on a company's results (or expectaion of).

A results announcement is effectively an exogenous event i.e an event that occurs from outside the technical analysis model (outside the scope of chart reading). The results could either trigger an upward movement (if results favourable) or downward movement (vice versa). The results themselves cannot be predicted (unless there is some insider knowledge) and by extension their net effect on the price cannot be predicted (unless there is some insider trading). But it's effect will be marked on the charting landscape (e.g a high, low, breakout or gap etc ) which can be used for future Technical Analysis.

All my BARC price references are on the assumption that they are no exogenous events during the timescales I am referring to. If there is a known exogenous event imminent (e.g results announcement) then a defensive trading position is actuated (e.g tighter stops, market exit, hedging or 'saddle' positions which take advantage of a move in either direction, etc)

[mani2013] 23/6/2015 11:28

Portside,

IF price breaks 297.95 then it's going straight up to 330 (barring all exogenous events).

It's a BIG IF as 297.95 is again a MAJOR resistance (even more so than 273.35). The monthly chart is in a symmetric wedge since 2009/10 and the 297.95 is the upper (declining) boundary of the wedge. It's going to be a significant one to break and require some serious institutional buying.

There is a lot of strong overhead resistance after 330, and I would be looking to get out and NOT going back in again until it clears 350. Bear in mind this is only IF it breaks 297.95 :)

[kenbachelor] 23/6/2015 11:20

Mani - We have results next month, so do we have a competition so that you can tell us your expectation?

[portside1] 23/6/2015 09:43

my post on the 20th we could hit my target sooner


portside1
20 Jun'15 - 12:48 - 112141 of 112174 0 0 edit


looks like 320p by sept

[mani2013] 23/6/2015 09:37

ALERT !! ALERT !! ALERT !! ALERT !!

Barclays on potential breakout.

I rarely put updates on this forum now (as I am particularly busy trading), but I felt compelled to share this with fellow BARC followers and traders as it's a big deal !!

273.35 is a major resistance and price is currently trading above it after breaking it this morning.

Is this a bull trap or is it the genuine thing ?? Price needs to close over 273.35 this week (weekly chart) and also by the end of the month (monthly chart). If its the genuine thing, price target is 297.95. Price may well return to 271 as a pullback before proceeding higher. Watch this space

Good Luck

(As always please DYOR)

[astol] 23/6/2015 08:50

treading water today but expected when the Barc share price has risen total 11p Friday and yesterday.When Greek deal confirmed reckon we will be at 280p

[bigman786] 23/6/2015 08:13

Struggling a tad here

[astol] 22/6/2015 21:47

n73-time to now hold Barc at least up to results in 5 weeks-further progress on the share price to be made-good that share price held above 270p as this resistance has now been broken.

[n73] 22/6/2015 21:12

Buy the gossip sell the news.

[mbmiah] 22/6/2015 18:40

The IMF want money back understandably

[kenbachelor] 22/6/2015 17:29

Thank you for the explanations Smurfy. I think I'll stick with my spread-betting.

[dr biotech] 22/6/2015 16:46

Exposure to Greece was reduced some years ago. I think the amount of Greek debt that the major UK banks hold directly has been negligible for some time.

Its time they made a proper deal. Either write it off, or write of ever having to pay interest on it. Then tell them that under no circumstances can they borrow more until it reaches say 60% of GDP through growth/inflation/improved tax collection. Its not rocket science.

[astol] 22/6/2015 15:45

ADRs also flying in the US-Greek banks up some 20%!!!on bloomberg

[mrcravat] 22/6/2015 15:44

It good news and even better that UK banks exposure to Greece has been reduced over the last 12 months.
275 next hurdle to clear..

[astol] 22/6/2015 15:39

on Bloomberg a guy said that the odds at the Bookies for Greece to stay in the Eurozone are odds on 1/5-good enough reason for the rally today !!!!

[smurfy2001] 22/6/2015 15:22

The market is no doubt betting a deal will happen, let's face it all this doom and gloom is pure click bait.