Barclays Share Discussion Threads

[minky] 06/6/2016 09:26

If the Bank of England and the Treasury are so good at forecasting what MAY happen, where were they in 2007/2008 when the global crash came? I will be voting out as we took our austerity pain early, our economy improved, and then the other EU countries exported their unemployment problem to the UK as they were reluctant to apply austerity measures.

The best thing John major did was to keep us out of the Euro currency.

[topicel] 06/6/2016 09:16

Sorry for stealing your thunder Astol, I just thought the 'reason' for the failure of the share price improvement we both anticipated for Friday was pretty obvious and so spoke on your behalf. As suggested, it is but a blip and seems to have been shrugged off readily already judging by the closing action Friday and again in London this morning.

Mrs Yellen is opening her gob again later today so no doubt the financial shares won't travel far until we hear what she's got to say and everyone interpolates accordingly!

But the trend is stil upwards IMHO.

Topicel

[togglebrush] 05/6/2016 16:58

'
Visa’s €16.5bn merger with Visa Europe gets the green light
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Barclays is thought to be the biggest owner among the British banks, receiving a profit of around £400m on the sale of its stake.
'

[astol] 04/6/2016 14:26

yes Dodge-Topicel is my spokes person got it bang on that the data from US caused a pull back but hey ho they just about recovered all in the last 30 mins and in the US the ADRs closed circa 180/181p equivalent so we should see a decent rally on Monday.I really believe we will hit just shy of 190p by the end of next week at the latest.

[topicel] 04/6/2016 12:20

Dodge, events old boy, events. Read my post above.

Nothing has changed for Barclays so expect a steady climb again within a small trading range 180-190p probably until June 23 when some vote or other is happening....

The odd volatile day notwithstanding!

Topicel

[dodge city] 03/6/2016 22:02

astol - What happened to your good day.

[topicel] 03/6/2016 20:38

Well no-one saw those figures coming, eh?!

The spin Stateside is that the hugely surprising miss in the job report could in fact be a positive showing that companies are actually now successfully producing sufficiently well to not require more workforce. That, in a bizarre way, means there is still the likelihood of a rate hike in July....!

Indeed the way that Barc in particular shrugged off the news has to be seen as a positive. A few months ago the share price would have fallen by 5% or more, so keeping above 178p is a strong sign that this has plenty of goodwill behind it still.

Bon weekend a tous.

Topicel

[topicel] 03/6/2016 08:31

Agreed Astol, assuming the US jobs come in as, or better than, expected. May even push up to 190p if the figures are above expectations...

Topicel

[astol] 02/6/2016 22:00

expect a good day tomorrow and re visit the highs of today see + 4.5p on the close 185p!!!

[topicel] 02/6/2016 14:18

And speaking of macro issues, how could I forget Draghi and his ability to bring everything down?!

I'm sure New York won't bat an eyelid for long about his droning and pessimistic noises...

Topicel

[topicel] 02/6/2016 11:42

Thanks for those Euromoney links Johnwise, really enlightening.

The mood tone would indeed appear to be brightening. Just need the macro situation to not scare the investors, eh?!

Topicel

[topicel] 02/6/2016 11:25

Yep Alphorn, I use it regularly now whereas before it was not well thought of. They are slowly getting to grips with the Fintech revolution and adjusting their offerings accordingly. Staley has said if they don't have the in-house expertise then they'll buy it in...

And potentially an acquisition would solve these issues at the right price. On that score they are streets ahead of the likes of RBS with their many system failures.

Mid-morning seems to have us stabilising around 183-184p and no doubt lunch will bring us lower, lol, before the US resumes and sets the pattern for the rest of the day. As I keep saying, I not much will move there again, as yesterday, because almost all eyes are on their jobs report.

Topicel

[alphorn] 02/6/2016 10:48

Certainly the Barclays international payment system has improved - seems excellent.

[johnwise] 02/6/2016 10:46

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Barclays: Can Jes do it?


Work remains to be done, not least in agreeing a ring-fenced structure and improving returns at the investment bank. But the mood at Barclays appears to be brightening.

[johnwise] 02/6/2016 10:46

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Barclays looks outside for King successor


Barclays CEO Jes Staley has moved quickly to fill the top positions of his management team, with one big exception.

[topicel] 02/6/2016 09:25

The market tends to agree so far this morning that Barc is well positioned for better growth and profitability under the Staley plan. Nothing has changed except some always dubious numbers out of China that seems to roil markets whichever way they see fit.

Apart from a 0.005p miss the 180p range bottom seems to have held pending the jobs report tomorrow in the States. Most commentators do not see this falling below a level which would discourage Yellen and the FOMC from hiking in June or July. That alone should maintain the prospects for the financial sector to steadily continue to recover and Barc and RBS in the UK as the best placed beaten up stocks to rebound strongly.

Then, all eyes back on Brexit I guess.

Topicel

[diku] 01/6/2016 16:47

My commentary is for the former and not latter...typical of FTSE.. just wants to go down like every day!....no wonder its well off the all time highs....

[topicel] 01/6/2016 15:58

I don't know what your position is here diku, long or short, but if the former then by all means keep making those commentaries as it did the old commentator's curse thing, lol!

The Yanks are fighting, as we agreed, to raise their bar but it seems they are even finding it tough today. General doom and gloom, matching the weather, and yet they will soon remember the likelihood of a rate hike within weeks and that should help their sentiment once we've closed...

The Fed moving will be good for financial stocks so basically it is best not to forget that. Brexit won't play heavily until the final week of the vote I'd imagine so keep the faith if you're long a bit longer!

Topicel

[diku] 01/6/2016 14:48

It has tried to hold onto 178p nearly all day but is struggling now...

[diku] 01/6/2016 13:42

Is that a trick of how to get a new bathroom!!...

[johnwise] 01/6/2016 11:57

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"France is already an Arab country. Germany is on its way to become one"

[johnwise] 01/6/2016 10:58

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Ex-Barclays director passed insider tips in return for free bathroom




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[johnwise] 01/6/2016 10:57

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Bankers must learn to behave or fintech will tear them apart, warns Barclays’ ex-boss

Britain’s bankers have not yet convinced the public that they are reformed characters – and if banks do not change their ways, fintech companies will poach their customers, Barclays’ former chairman has warned.

Sir David Walker fears that banks are taking too long to rebuild their reputations, at a time of fearsome technological and industrial change, which means they are losing out to new competition.

[johnwise] 01/6/2016 10:57

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Citigroup and Barclays are London’s latest financial service giants to tell their IT contractors to work for less money or lose their contracts.