Barclays Share Discussion Threads

[davew28] 23/3/2017 21:03

About time this one was put to bed. That's the trouble with investing in Barclays. Staley promised to clear the decks of all the bad news but it still goes on

[bernie37] 23/3/2017 20:03

We always tend to hold Barclays (BARC) in slightly less contempt than the other two retail banks, simply due to the strength with which it recovered from the shambles back in 2009.

Alas, as history shows, "how little did we know..." For a giggle, we've given two charts below, one showing Barclays in recent times, another with a bunch of overlays featuring other banks' comparative performance since 2009.

One 'amusing' aspect of this exercise comes from Royal Bank of Scotland (RBS) (gold line on the chart), as since the market did its 1/10th trick with the share price, movements are proving volatile and useful, whereas Lloyds (LLOY) - shown in teal - are as boring as heck.

One funny aspect comes from Standard Chartered (STAN), a share which has more than doubled in price during the last year from its low of 378p. Barclays has almost doubled, RBS gained 70% and Lloyds has gone up a bit.

We've been fascinated with STAN for some time, due to it outperforming other sector members. For now, it has fallen back into line, but next time the share betters 800p we'd suspect it'll be worth close attention.



And so, Barclays remains tarred with the same brush as RBS & Lloyds, though it consistently outperforms each. The magic number for the share to now better is at 254p, something we've written about repeatedly and something the share has failed to attain.

It's fairly critical, as should Barclays manage to close above 254p, it joins STAN in the outperforming club and enters a phase where 323p becomes the next major point of interest in the longer term.

The immediate drop cycle is calculated with a bounce point around 220.75p, this being a fairly key point. The danger with any excuse to move below 220p is of coming weakness in 20p dollops.

The important 'however' is the 'red' uptrend since the Brexit vote manipulation, as this is currently at 219.414p and just a few days from coinciding with our bounce point potential.

As a result, Barclays is probably worth keeping an eye on as usually, when a software projection matches a 'red' line, a bounce is indeed justified.



This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

[bernie37] 23/3/2017 19:45

Barclays PLC (LON:BARC) (LSE:BARC.L) has a P/E of 17.8 using 2016’s EPS. In my view, this can be justified by investors because of the double-digit EPS growth forecast in FY2017 and FY2018. Barclays has a strategy which I believe could be good news for its share price. I like its continued focus on financial strength and in reorganising the bank in order to become more financially flexible in the long run. I also feel the banking sector could be undervalued, which may lift the Barclays share price in the long term.

[johnwise] 23/3/2017 18:31

Barclays: Hold Onto Your Stocks as Global Economy Grows, Trump Agenda Prevails

The world economy will grow steadily over the next two years and that means investors should stay invested in equities, according to Barclays Capital Plc.

[astol] 23/3/2017 15:44

There was an RNS on 20 March about Barclays Chief Risk officer selling nearly 1m shares is there something he knows that we don't. And if he does then would this not be deemed as Insider trading?

[johnwise] 23/3/2017 09:02

Video

Farage: You can't have open-door immigration without terror

[astol] 22/3/2017 20:11

Good recovery on the Dow more or less flat at close,expect to recover 230p tomorrow

[bernie37] 22/3/2017 17:30

Can anyone clarify the beta, for Barclays ft showing 1.14, digitlook showing 2.14

[nicksoj] 22/3/2017 14:09

Imo. Buy the dips. 220 support is strong here.Carney putting int rates up soon.We're going to need a doj settlement before taking off. Dyor

[johnwise] 22/3/2017 12:40

FULL EVENT: President Donald Trump Rally in Louisville Kentucky 20/3/17
Video

[astol] 22/3/2017 12:20

Looks like bargain hunters buying from the lows of today

[astol] 22/3/2017 11:38

Bookbroker

[astol] 22/3/2017 11:37

Bookbinder yes support @ 221p

[fearnwood] 22/3/2017 10:13

Most of the shares that have dropped this morning have gone down 2-3% - including barc. Contrasting that to a FTSE fall of less than 1% is not an indicator of poor performance or a return to sub 200p levels. The whole market is going to be turbulent through BREXIT, and barc will not be exempt from those choppy waters. However interest rates are forecast to rise, DoJ will almost certainly settle and the FSA are drawing a line under the PPI debacle. Unless the whole market implodes or a new scandal crawls out of the woodwork then I expect barc will trend upwards for the next 24 months.

[clond] 22/3/2017 09:33

That it has but just expecting a couple of days of negativity so I might get lucky and squeeze a couple more pennies out of it. Can I be that lucky ?

[bookbroker] 22/3/2017 09:31

U mean support!

[astol] 22/3/2017 09:28

It's had good resistance circa 221p

[clond] 22/3/2017 09:26

Could be a good top up time soon but would like to see 218p before I would tinker.

[bernie37] 22/3/2017 09:10

The top five places in the global investment banking league table now firmly belong to U.S. banks, according to industry analytics firm Coalition, reflecting their domination over struggling European peers.
• The gap has widened consistently since 2011, when the U.S.-European split was roughly 50-50.
• American banks now take in around a two-thirds share of the investment banking revenue pie.
• Tickers by scores: JPM, C, GS, BAC, MS, DB, BCS, CS, HSBC

[spoole5] 22/3/2017 08:40

BARC down 2.4% ftse down 0.7%! Anything that has risen based on a positive trump effect is falling further than the ftse. He isn't going to be able to get stuff through. Hence why pharma isn't falling.

[fearnwood] 22/3/2017 08:38

Rubbish, it's down in line with the rest of the FTSE. Risk was priced in weeks ago, any breakout will be pending news on the DoJ settlement or positive trading update showing they are on track with their forecasts.