Barclays Share Discussion Threads

[triktrak] 21/7/2015 14:52

Barclays plc (LON:BARC) shares are meanwhile arguably more positively aligned than its contemporary LLOY.

The BARC stock remains caught in an upward-facing channel that has been in place since October 2014 and only the break below the lower end of this channel – seen around 251p – would invalidate the bull case.

While a retracement could well shape up in the near-term there is an argument to be made for the attainment of levels at 288p and 297p.

[davew28] 21/7/2015 12:55

re: appointment of new CEO, I don't think the FCA is too keen on Mac holding the power he currently has at his disposal. That's why there was all the back tracking with Mike Rake.

[astol] 21/7/2015 12:38

yes they could launch 'Barclays' branded Biscuits would go down a storm

[prambigear] 21/7/2015 11:59

Aye, me too blackberry. HSBC have long been known to be parsimonious!

[blackberry122] 21/7/2015 11:58

they visit Barclays more than HSBC because they do better biscuits..I've been to both...

[prambigear] 21/7/2015 11:56

Or even more likely because they are almost next door!

[dr biotech] 21/7/2015 11:38

Barclays' high number of visits is probably just due to the more diverse nature of its business - high street, IB, Barclaycard. Its bound to have more than most, and of course it has a chequered recent past.

[evianone] 21/7/2015 11:24

Like the look of the chart (im long :-) JW I hope FCA increase visits to five times a week as its having a positive inpact on the price, let the trend be your friend on this chart.

[lrj] 21/7/2015 11:03

Johnwise,

Simple answer, BARCLAYS serve triple cooked chips Monday, Wednesday and Friday.

[cmillar] 21/7/2015 10:05

astol - I think its pretty clear that McF wants to keep the Chief Exec job for quite a while. If you can get odds from the bookies on a new Chief Exec in place this month I'd bet the house on it not happening!

[johnwise] 21/7/2015 08:49

Financial Conduct Authority visited Barclays three times a week in 2014

Officials at the City watchdog have visited the offices of Barclays more than twice as often as any other bank, an indication of the concern among regulators about the lender and its scandal-hit investment bank.
More

[christh] 21/7/2015 08:36

ftse index is like a headless chicken at the moment.
the problems in Greece ended but the ftse still confused.
It should make a run to 7,000 not lurking around 6,780.

The reporting period is due in a week or two, so that might give it a boost.

[astol] 21/7/2015 08:35

Dr Biotech-undoubtedly McFarlane will make a statement on his strategy/intentions going fwd-his track record is excellent and see no reason why this should not continue with him currently at the helm.Will a new CEO be announced in time for the results??that surely would be a quick move if it is announced.
The share price keeps a steady climb!!!

[dr biotech] 20/7/2015 17:05

I wonder if next weeks results will include any sort of statement as to where he wants to take Barclays. I had (and still have) quite a lot of Aviva and they have been one of my better investments. McF seems more shareholder focused, so I am hopeful of good things given a reasonable time frame.

[astol] 20/7/2015 14:06

smurfy2001-thanks for the link-interesting-of course nobody wants to cull people but at the end of the day the banks need to operate more effectively and see this strategy helping very much on the bottom line.We are now in the technology age and can see also how much business is conducted online, Amazon etc etc. I like McFarlane's make it happen approach- being proactive rather than re-active.If he also sorts out the Investment banking side -whoosh on the share price Look fwd to next weeks results.

[cmillar] 20/7/2015 12:54

clond - my thoughts are that there are enough ifs and coulds in your statement that maybe possibly you have a chance of being close to the mark.

[smurfy2001] 20/7/2015 11:17

More from Telegraph on above,

Senior sources told The Times that a programme of further job cuts was thought to be the only way to address the bank's under performance and hit a target of doubling its share price.

Barclays is expected to focus on automating manual processes within its retail bank, according to the report, with the brunt of cuts likely to fall on middle and back office operations where the largest savings could be achieved.

[smurfy2001] 20/7/2015 08:12

Wait for the results first

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Barclays is to cut over 30,000 jobs within two years as part of its cost cutting programme, reports The Times. The redundancy programme could lead to the bank's workforce falling below 100,000, and includes automating much of what goes on at its high street branches. The cuts come after board members voted out previous chief executive Anthony Jenkins who left earlier this month.

[gcom2] 20/7/2015 07:40

Investec downgraded Lloyds at 55p just before it rose 75p- beware

[mrcravat] 19/7/2015 23:47

I sold out £53k worth at 280 having averaged down from 280 to 248 over 15 months with my concerns being Greece,China( neither done & dusted )US interest rate rises tipped before the year end & the fact the markets bull run is due a correction.

I'm positive about BARC & believe it will get to the figure that brokers are forecasting (310 sh ) ,but after seeing it retreat from 276 to around 249 three weeks ago decided to take profits as Greece is still far from sorted.

I hold no position but fear it it could pull back to sub 260 and offer an opportunity to buy in again

I sincerely hope this does break the 300 barrier but think there may be some selling prior to results after such a good run .
GLA

[clond] 19/7/2015 23:17

All depends on the FTSE now,

If we see 7000 again then 290p or 300p is a real possibility. If we see 6400 again then we could see 260p.

Anyone any thoughts ?

[astol] 19/7/2015 17:40

Johnwise- I can only think you have a short position because all your posts are a negative on the share price or things in general.

[johnwise] 19/7/2015 11:20

Investec downgrades Barclays to sell, trims target price