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BARC Barclays Plc

216.15
1.15 (0.53%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Barclays Plc BARC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.15 0.53% 216.15 16:35:27
Open Price Low Price High Price Close Price Previous Close
212.55 210.75 216.65 216.15 215.00
more quote information »
Industry Sector
BANKS

Barclays BARC Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/02/2024FinalGBP0.05329/02/202401/03/202403/04/2024
27/07/2023InterimGBP0.02710/08/202311/08/202315/09/2023
15/02/2023FinalGBP0.0523/02/202324/02/202331/03/2023
28/07/2022InterimGBP0.022511/08/202212/08/202216/09/2022
23/02/2022FinalGBP0.0403/03/202204/03/202205/04/2022
30/04/2021InterimGBP0.0212/08/202113/08/202117/09/2021
18/02/2021FinalGBP0.0125/02/202126/02/202101/04/2021
01/08/2019InterimGBP0.0308/08/201909/08/201923/09/2019

Top Dividend Posts

Top Posts
Posted at 15/5/2024 13:04 by bernie37
Barclays (LSE: BARC) shares are having a great run at the moment. Year to date, they’re up about 40%.

Looking ahead, there could be more share price gains to come. According to analysts at Deutsche Bank, the shares have the potential to deliver double-digit gains from here.

270p share price target

Recently, Deutsche Bank initiated coverage of Barclays shares. Listing the bank stock as a Buy, its analysts slapped a 270p price target on it.

That price target is roughly 24% higher than the current share price. If it turns out to be accurate, a £5,000 investment today could be worth £6,200 in the not-too-distant future.

I’ll point out that Barclays shares also pay a decent dividend. Currently, the yield is about 4%. Add this yield to the potential share price gains, and investors could be looking at a total return of nearly 30%.

Of course, neither the dividends nor share price gains are guaranteed. I’ve learnt over the years that brokers’ price targets can be off the mark at times.

Low valuation

Barclays shares do look cheap right now though.

Currently, they trade on a forward-looking price-to-earnings (P/E) ratio of just 6.9 – miles below the market average.

At current levels, the analysts at Deutsche Bank believe there’s considerable “risk asymmetry” in the company’s share price (that means they think the shares are more likely to go up than down).

Back in February, Barclays announced a new strategy in an effort to improve its business performance. And Deutsche’s analysts reckon that if the bank can get close to its targets, the share price should rise.

Meanwhile, they believe that the group’s tangible net asset value (which is expected to increase to 460p by end of 2026) should offer some protection from share price weakness.
Posted at 14/5/2024 19:38 by bernie37
Barclays in Focus

Based in London, Barclays (BCS) is in the Finance sector, and so far this year, shares have seen a price change of 37.56%. The financial holding company is paying out a dividend of $0.26 per share at the moment, with a dividend yield of 4.82% compared to the Banks - Foreign industry's yield of 4.37% and the S&P 500's yield of 1.57%.

In terms of dividend growth, the company's current annualized dividend of $0.52 is up 40.2% from last year. Barclays has increased its dividend 4 times on a year-over-year basis over the last 5 years for an average annual increase of 12.05%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Barclays's current payout ratio is 39%. This means it paid out 39% of its trailing 12-month EPS as dividend.

Earnings growth looks solid for BCS for this fiscal year. The Zacks Consensus Estimate for 2024 is $1.60 per share, which represents a year-over-year growth rate of 15.94%.

Bottom Line

Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.

For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, BCS is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
Posted at 05/4/2024 19:06 by bernie37
Costs: There is very little that banks can safely control in their trading but operating costs is one of the few. While Covid has pushed up the ratio of costs to revenue in the near term, they are forecast to fall to their lowest levels in a decade following a concerted drive to manage expenses. Although revenues are only forecast to grow at a compound annual growth rate (CAGR) of 2 per cent, this drop in the cost ratio should help drive net margins up more quickly.
Other than cost controls, it is hard to see that Barclays is itself driving the positives and its growth and improving returns have a lot more to do with good fortune than good strategy. Stock markets tend to reward good strategy much more highly than good luck, suggesting that the share price may not automatically follow the improving EPS.



How are banks valued?
Barclays' EPS are rising sharply, but is that what drives the valuation? Not really, as banks are not valued on trading multiples. Rather, the valuation depends on the net asset value (NAV) and the return achieved on those assets relative to the bank’s weighted average cost of capital (WACC). WACC is the average after-tax cost of a company’s different capital sources: ordinary shares, preference shares, bonds and long-term debt. Using economic value added (EVA) calculations, the broad principle is that if a business makes a return above its WACC, the share price should be above its NAV: this is called creating shareholder value. If returns are below the WACC, the fair value for the shares is below NAV: this is called destroying shareholder value.

For Barclays, the market sees the WACC being around 10 per cent, yet its return on assets since 2008 has averaged only 1.7 per cent, with many years having shown a negative return. This means that the current valuation, with the shares trading at 40 per cent below NAV, looks to be fully supported by the group’s trading history. The shares have traded below NAV for almost all of the past 10 years.

However, one of the core adages in investment is not to lean too heavily on the past when trying to predict the future. Barclays’ valuation might be right if you look back, but is that still the case looking forwards?
So, is Barclays cheap or not?
While Barclays does look to be on an improving trend, 2021 is likely to prove a spike, with profits dropping back in 2022, so is this all just a flash in the pan? While profits are forecast to stay below those of 2021 until at least 2024, they are importantly forecast to stay well above the average levels for the preceding 10 years. But, as above, the key factor to look at here is not profitability but the return on assets (ROA). Against the average ROA for the past 10 years of 1.7 per cent, the outlook for this measure is to average nearer 9 per cent between 2019 and 2024 (taking an average of the 2020 slump of 3 per cent and 2021 spike of 12 per cent into account).
While this is far from an impressive ROA and is still below the WACC, it is a significant shift away from the past history of destroying a lot of shareholder value and fully justifying a large price-to-book discount. If Barclays can reliably make a return that is close to its cost of capital, the basis for the large discount begins to evaporate and there is a case for the share price to move closer to the NAV as value stops being destroyed. In addition, the NAV itself is forecast to reverse a decade-long period of decline, providing a double driver for the share price – a smaller discount to a larger value. If the discount could be reduced from the current 40 per cent to, say, 25 per cent (which would not be unreasonable on an EVA basis) the shares could be worth 275p against the current 185p, pricing off the forecast 2022 NAV of 365p.
Not exciting but a strong technical story
This is not an especially exciting story and any bull case on the stock is largely a technical one, but one that is nonetheless well-founded. The board is clearly convinced that there is scope to sustain a much higher ROA even if still below the WACC, and the analyst community appears similarly on-side.

The problem is that many fund managers remain cautious and are somewhat jaded after watching poor performance for much of the past decade. Several more quarters of improved performance are likely to be needed to change hearts and minds. So, any rerating of the stock does not appear imminent. It does feel as though it will come in time, but any private investor looking at buying Barclays does need to proceed with their eyes wide open.

Banks are still inherently risky, geared cyclical businesses and Barclays has had the additional burden of losing three chief executives following a string of scandals. The dividend is forecast to rise from last year's 1p to 6p this year. A payout of more than 5 per cent then on to more than 9p by 2023 looks to be on offer at this point, which should be something of a cushion for the risk.

There are still a lot of questions over the pace, extent and sustainability of recovery here and relying on a largely technical argument for buying a share is not the most compelling. While it does feel as though there are many stronger buy cases in the market today, there is certainly some allure in a potential c50 per cent capital gain and a 5 per cent yield, but Barclays is still only one for the less risk-averse.
Posted at 05/4/2024 19:02 by bernie37
Barclays Bank – a cheap stock, technically

Is Barclays finally on the cusp of a long-awaited rerating? Former City analyst Robin Hardy runs the numbers
Investors in Barclays have been waiting a long time for its share price to outperform, but is an about-turn in the offing?
Barclays (BARC) has been out of favour for a long time, since the financial crisis in 2008 in fact. The share price has gone nowhere in the past 10 years, underperforming the FTSE All-Share by 25 per cent. Investors' total return has been just 3 per cent a year – the FTSE 100 has delivered 6.3 per cent and global equities 13.5 per cent in that time. But on most valuation measures, the shares look cheap and in FY2021 Barclays is expected to report a near-fourfold increase in earnings per share (EPS). Could it be on the cusp of a rerating, or are there still too many warning signs telling private investors to steer clear?



Profits are rising: good management or good fortune?
This is the billion-dollar question and sits at the heart of whether or not Barclays’ discounted share price makes the shares a bargain or correctly valued. If good fortune is the catalyst, then improvements may not be sustainable and returns may be of too low quality to justify a change in valuation. Barclays is forecast to report EPS of 34p this year (to December 2021), a level to which it has not come remotely close since 2008. But what is driving this sudden and substantial surge in profit forecasts?
Investment banking storm: There has been a surge in private equity buyouts, merger & acquisition (M&A) activity and initial public offerings leading to a strong increase in fees at Barclays' investment banking operations. However, the current rate of equity market activity is not sustainable and this typically feast-and-famine market is likely to slow. Lower activity also usually leads to lower fee rates, compounding any slowdown in market momentum. Barclays is currently making positive returns in this historically poorly regarded segment (it is volatile and requires a lot of capital) but how long can that last?

Market share gains: Further to the broader surge in equity market activity, Barclays has benefited from other European banks pulling out of the game, leading to much higher market share. The likes of Credit Suisse and Deutsche Bank have substantially scaled back investment banking on the continent, which is likely to be playing a large part in the board’s confidence that Barclays can avoid a major collapse in investment banking fees – there is no else left in Europe with whom the US banks can look to partner. While there are market share positives in investment banking, there are potential threats in personal banking. Challenger banks such as Metro, Starling, Virgin Money and Monzo have already nibbled some market share, but there is a much bigger threat from US banks coming to the UK. Marcus from Goldman Sachs and Chase from JPMorgan could prove materially more disruptive to what has been a stable core for Barclays.

Impairments: Changes in banks’ provisions against bad loans are always a significant part of the movement in annual profits. It was initially feared that Covid would lead to many loans going bad and that rising provisions would hit profits. However, enforced forbearance and generous handouts (avoiding the term ‘bailout’; here) by governments to businesses of all sizes meant the worst of troubles were avoided. In Barclays' first half of FY2021, its pre-tax profits rose by £3.7bn largely due to provisions dropping by £4.4bn to a net release of £700m. This is likely to reverse, but impairments are expected to remain below long-run averages.

Covid-19: Ironically, this has been more of a positive for the banks. Lower impairments as above, unexpected value created by weak share prices driving M&A and a large influx of deposits as household outgoings fell have all been beneficial.

Rising interest rates: Bond yields have been rising and central banks are set to raise prime interest rates to combat the global surge in inflation. Barclays predicts that every 10 basis point increase in interest rates can add £150m to earnings before interest and tax (Ebit) by 2023 due to expansion of its net interest margin – economists currently believe interest rates will have increased by 40 basis points by the end of 2022. This could bump Ebit up by 7-8 per cent. Rising rates are a double-edged sword, however, as credit risk will increase.
Posted at 13/3/2024 10:50 by isis
Qube seems to have shorts on loads of UK Stocks.

Short Positions for Qube Research & Technologies Limited
Qube Research & Technologies Limited Open Short Positions
Company % Short Change Date Changed
Anglo American (AAL) 0.73% 0.10% 11 Mar 2024
Derwent London (DLN) 0.64% 0.12% 11 Mar 2024
Kingfisher (KGF) 0.89% -0.01% 11 Mar 2024
Direct Line (DLG) 0.52% -0.03% 8 Mar 2024
easyJet (EZJ) 0.88% -0.11% 8 Mar 2024
Persimmon (PSN) 0.75% -0.08% 8 Mar 2024
RS Group (RS1) 0.68% -0.10% 8 Mar 2024
Thg (THG) 0.50% 0.00% 8 Mar 2024
Darktrace (DARK) 0.67% -0.12% 7 Mar 2024
Hargreaves Lansdown (HL.) 0.85% 0.14% 7 Mar 2024
Taylor Wimpey (TW.) 0.57% -0.05% 7 Mar 2024
Abrdn (ABDN) 0.51% 0.01% 5 Mar 2024
Ashtead Group (AHT) 0.64% 0.11% 5 Mar 2024
Future (FUTR) 0.91% 0.03% 5 Mar 2024
Pennon (PNN) 0.50% -0.01% 5 Mar 2024
Severn Trent (SVT) 0.70% 0.01% 5 Mar 2024
ASOS (ASC) 1.51% 0.00% 4 Mar 2024
Barclays (BARC) 0.73% 0.07% 4 Mar 2024
Flutter Entertainment (FLTR) 0.69% -0.01% 1 Mar 2024
Ceres Power (CWR) 0.51% 0.01% 29 Feb 2024
Watches Switz (WOSG) 1.40% 0.10% 29 Feb 2024
Boohoo (BOO) 0.87% -0.03% 15 Feb 2024
Energean Oil & Gas (ENOG) 0.75% -0.13% 31 Jan 2024

Qube Research & Technologies Limited Historical Short Positions
Company % Short Date Changed
Kingfisher (KGF) 0.90% 7 Mar 2024
Derwent London (DLN) 0.52% 5 Mar 2024
Kingfisher (KGF) 0.88% 4 Mar 2024
Persimmon (PSN) 0.83% 4 Mar 2024
Barclays (BARC) 0.66% 1 Mar 2024
Future (FUTR) 0.88% 1 Mar 2024
Taylor Wimpey (TW.) 0.62% 1 Mar 2024
Anglo American (AAL) 0.63% 29 Feb 2024
Abrdn (ABDN) 0.50% 29 Feb 2024
Ashtead Group (AHT) 0.53% 29 Feb 2024
ASOS (ASC) 1.46% 29 Feb 2024
Persimmon (PSN) 0.79% 29 Feb 2024
RS Group (RS1) 0.78% 29 Feb 2024
Persimmon (PSN) 0.87% 28 Feb 2024
Barclays (BARC) 0.50% 27 Feb 2024
Flutter Entertainment (FLTR) 0.70% 27 Feb 2024
Posted at 27/2/2024 12:10 by bernie37
Is It Smart To Buy Barclays PLC (LON:BARC) Before It Goes Ex-Dividend?
It looks like Barclays PLC ( LON:BARC ) is about to go ex-dividend in the next 2 days. The ex-dividend date is one...
Read in Simply Wall St:
Posted at 26/2/2024 15:20 by bernie37
Barclays PLC (LON:BARC) will increase its dividend on the 3rd of April to £0.053, which is 6.0% higher than last year's payment from the same period of £0.05. Although the dividend is now higher, the yield is only 4.9%, which is below the industry average.

See our latest analysis for Barclays

Barclays' Earnings Will Easily Cover The Distributions

The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock.

Having distributed dividends for at least 10 years, Barclays has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Barclays' payout ratio of 29% is a good sign as this means that earnings decently cover dividends.

Over the next 3 years, EPS is forecast to expand by 47.1%. The future payout ratio could be 29% over that time period, according to analyst estimates, which is a good look for the future of the dividend.

Dividend Volatility

While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. The annual payment during the last 10 years was £0.065 in 2014, and the most recent fiscal year payment was £0.08. This works out to be a compound annual growth rate (CAGR) of approximately 2.1% a year over that time. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past.

The Dividend Looks Likely To Grow

With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Barclays has impressed us by growing EPS at 25% per year over the past five years. Earnings have been growing rapidly, and with a low payout ratio we think that the company could turn out to be a great dividend stock.

Barclays Looks Like A Great Dividend Stock

Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity.
Posted at 17/11/2023 14:48 by bernie37
Concerns over the health of Britain’s economy has driven Barclays‘s (LSE:BARC) share price through the floor. An argument could now be made that the banking giant is now one of the FTSE 100‘s most attractively valued income shares.

City analysts think earnings will edge 1% lower in 2023. This leaves the company trading on a price-to-earnings (P/E) ratio of 4.6 times, far below the Footsie forward average of 12 times.

The number crunchers expect dividends to continue soaring, too, despite its uncertain trading outlook. This means Barclays shares also offer a prospective dividend yield of 6.2%, a reading that sails above the 4% average for FTSE 100 stocks.

And things get even better on this front for 2024 and 2025. Yields for these years soar to 7% and 8.1% respectively.

Solid forecasts

Of course dividends are never guaranteed, and a sharp fall in profits could play havoc with the bank’s payout record. But based on current earnings forecasts, these estimates look pretty solid.

Last year’s full-year reward of 7.25p per share is expected to rise to 8.55p per share in 2023. Payouts are then tipped to increase to 9.75p next year and to 11.2p in 2025.

Pleasingly, these projections are well covered by anticipated earnings through this period. Dividend cover sits at between 3.3 times and 3.6 times, comfortably above the widely regarded minimum safety benchmark of 2 times.

Barclays’ strong balance sheet gives added strength to near-term dividend projections. Its CET1 capital ratio stood at 14% as of September. This robust figure also sits at the top end of the bank’s 13% to 14% target.
Posted at 27/10/2023 10:39 by master rsi
Barclays PLC (LON:BARC) Given Average Recommendation of “Moderate Buy” by Brokerages
Posted by Defense World Staff on Oct 27th, 2023

Barclays has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 245.43 ($3.01).

Several analysts have commented on BARC shares. Berenberg Bank lowered their price target on Barclays from GBX 260 ($3.19) to GBX 240 ($2.94) and set a “buy” rating for the company in a report on Tuesday, October 10th. JPMorgan Chase & Co. lifted their price target on Barclays from GBX 180 ($2.21) to GBX 190 ($2.33) and gave the company an “overweight221; rating in a report on Thursday, September 7th. Shore Capital restated a “buy” rating on shares of Barclays in a report on Tuesday. Finally, Citigroup restated a “buy” rating on shares of Barclays in a report on Monday, October 16th.

Barclays Trading Down 0.7 %
Barclays stock opened at GBX 132.24 ($1.62) on Friday. The stock has a market cap of £19.93 billion, a PE ratio of 3.8894, a PEG ratio of -1.09 and a beta of 1.35. The stock’s 50 day moving average is GBX 150.97 and its 200-day moving average is GBX 152.93.
Posted at 11/8/2023 06:14 by leoneobull
Interesting post on LSE?Mike Buck, CEO at Mongolian oil developer Petro Matad speaks to London South East/focusIR and gives an extensive operational update. Watch the full video here.Less Ads, More Data, More Tools Register for FREE   Share PricesBarclays Share PriceBarclays Share Chat?Barclays Share Chat (BARC)?BARC SharePrice?BARC ShareNews?BARC ShareChat1?BARC ShareTrades?BARCLive RNSBarclays Information  ?Buy BARC Shares?Add BARC to Watchlist?Add BARC to Alert?Share Price Information for Barclays (BARC)? Share Price is delayed by 15 minutesGet Live DataShare Price:148.00Bid:148.10Ask:148.12Change:0.00 (0.00%) Spread: 0.02 (0.014%)Open: 0.00High: 0.00Low: 0.00Prev. Close: 148.00?Last checked at 08:13:38Share Discussion for BarclaysShare Chat Filters ViewPost Message1232227Posts: 1,943Price: 148.00No OpinionRE: BARCToday 05:52Final divi was 5p last year. With a 20% increase it should be 6p making a total of 8.7p for the year.ab121Posts: 250Price: 148.50No OpinionBARB10 Aug 2023 11:40IMO for long investors the share buy backs are the attraction and will stop share price volatility. For short term investors the divi attracts them when it is compared to savings rates on bank/building society accounts.GazzleberryPosts: 5,568Price: 148.04No OpinionRE: Simple Solution10 Aug 2023 10:53"Barc need to dump the UK and re list in the US only"Why? A very short term fix. If you think that the UK economy and market is bad then the USA is a basket case just waiting to implode. Unfortunately, they just don't know it.wanderingonPosts: 280Price: 148.64No OpinionRE: BARC10 Aug 2023 08:34Final divi likely to be 5.4p, giving 8.1p on the year, or about 5.4% on the current share price Not too bad should inflation fall below 5%, but not particularly sparkling.LWHLPosts: 688Price: 148.90No OpinionRE: Simple Solution9 Aug 2023 21:57As long as they do not list in Italy...on the other hand, maybe that would be fine :)zebboPosts: 3,568Price: 150.66No OpinionSimple Solution9 Aug 2023 15:59Barc need to dump the UK and re list in the US onlyRichie33Posts: 550Price: 149.76No OpinionRE: BARC9 Aug 2023 14:412.7p per share dividend won't attract many IMOThe share price has already fluctuated more than that just todayJust sold mine @ £1.497Might buy back tomorrow if the share price drops enoughab121Posts: 250Price: 149.62No OpinionBARC9 Aug 2023 13:36IMO the dividend will attract investors.badjobPosts: 161Price: 147.82No OpinionRE: Italy 40% windfall tax on banks8 Aug 2023 14:11Jcb - fair point but there are sectors such as tech which, whatever profits they make, never seem exposed to the risk of windfall taxes. I think, on balance, we are unlikely to see it in the UK because the banks have been paying higher rates of tax for many years but the risk is obviously enough to dampen sentiment.jcb208Posts: 1,413Price: 147.82No OpinionRE: Italy 40% windfall tax on banks8 Aug 2023 12:21The new 40pc levy, which was slipped into a huge package of measures that ranged from taxi licenses to foreign investment, will be imposed on lenders' interest margins rather than their net profits. It is a one-off measure that will only take place in 2023, the government said.So not the end of the world just for the remainder of 23 I read it asbadjobPosts: 161Price: 147.72No OpinionItaly 40% windfall tax on banks8 Aug 2023 11:39This has just further highlighted the huge political risks surrounding the banking sector with calls for a windfall tax in the UK likely to grow louder.Paultokyo29Posts: 57Price: 147.58No OpinionRE: Crikey, where has this last year gone ?8 Aug 2023 11:25EX dividend 10th same day US CPI is announced for JULY.LWHLPosts: 688Price: 147.92No OpinionRE: Crikey, where has this last year gone ?8 Aug 2023 10:56Lol. Ain't that the truth!Mind you, its the kids who burn through my cash quicker than a politician or central banker ever could hope to :)Upon reflection, my target price here is going to probably take longer to come to fruition than I anticipated.But that is OK, even though no excuse for a sloppy trade in the first place, which this one was.Not the first and wont be the last :) GLA.PrimePosts: 468Price: 148.48No OpinionRE: BARC shares outstanding8 Aug 2023 10:30Well the share buy back is really having a great effect on the share price and it is are withheld dividends from the covid period they are using to boot!!!Ok, i have a simplistic veiw of it all and there are many factors involved but I would my preference would have been to have had a higher dividend, cash in my pocket, than watch as the share price dips while they spend on shares!!TerryLPosts: 1,028Price: 148.58No OpinionRE: Divi8 Aug 2023 10:28Ex dividend 10th Aug. Paid 15th Septjamtart1Posts: 1,329Price: 149.30Strong BuyDivi8 Aug 2023 09:58Has this been paid anybody? Thanks in advance.MrWolfPosts: 1,896Price: 149.60No OpinionRE: Crikey, where has this last year gone ?8 Aug 2023 09:36Morning honkey tonks, literally a quick in and out as away atm.@JayK - big congrats there to you both, you will need to set up a link for gifts, so I can forward a baby grow over. On the front it has " I've done 9 months inside, my mum and dad just got life" lol@MrA _ Yep, keep the pencil and ruler at hand, we will have another chance, before the donkey plods some more.Just don't copy the constipated mathematician and work out the answer using that pencil.@LWHL- Cheers but its a regular occurrence most days i'm afraid, as long as the books balance and Mrs W' doesn't have to go out worrying the local livestock, we are all good.Current factors to consider atm which reflects on current share price and Ex div adjustments."The Buy-back will commence on 28 July 2023 and end no later than 27 January 2024 (subject to regulatory approval remaining in place). The purpose of the Buy-back is to reduce the share capital of the Company and therefore Ordinary Shares purchased under the Buy-back will be cancelled"We can all see the pattern Citi have set up over the next few months, it isn't rocket science and quite frankly just counteracts itself.Theoretically this in most cases, would be a good decision for the like of a decent, well run bank.Sadly not in our case, it's the investors and only, the investment sentiment that will grow the sp, not buy backs in the short term.We need to see far more respect shown to the back bone investors of Barclays, not hot air gestures of weak buybacks.Its investor sentiment that builds a share price and BoD's are inept at the fact they need to admit they are wrong and bad performance, falls at their feet / trough !Expect a bit of chop until everyone gets back from holiday mode, same every year.So sticking to my rig and wish everyone a good day.GLAJamesYoungPosts: 19Price: 150.82No OpinionRE: BARC shares outstanding7 Aug 2023 18:54You can read the article from Guardian about the root cause. https://www.theguardian.com/business/2013/jul/30/barclays-cash-call-6bn-capital-gapThe highlight listed below:Plugging the £12.8bn gap£6bn Rights issue: a cash call on investors which will not be launched until September and will raise £5.8bn after fees paid to other banks, which are guaranteeing the fundraising£2bn Issue of bonds: a relatively new form of bond called contingent convertibles, dubbed co-cos, which convert to shares during times of crisis.£2.5bn Shrinking the bank: by reducing the size of the bank's balance sheet by 2014 Barclays can reduce the amount of capital it needs to hold by this amount£2.5bn Retaining earnings: the bank will keep a larger portion of the money that it makes between now and June 2014. The cash might otherwise have been paid out in dividends to shareholders or as bonuses to staff.This tragic increase of shares counts explains why the stock price behaved so poorly since 2008 crash. A quick rebound after 2009 was given a second capital gap hit. Confidence to the bank had been devastated then. Since then, changes of CEOs, wrong doings in forex, punishment from government agency et al formed a string of sad trajectory of a "glory" 325 year UK bank.Darkknight1Posts: 19Price: 151.04No OpinionRE: BARC shares outstanding7 Aug 2023 10:34Super analysis JamesYoung.Unfortunately i think you are correct to point out there is a long way to go yetCrunchyNutsPosts: 54Price: 151.88No OpinionRE: BARC shares outstanding7 Aug 2023 09:36Good work pulling this together.Do we know why they did the rights issue in 2012-13?JamesYoungPosts: 19Price: 150.74No OpinionBARC shares outstanding7 Aug 2023 02:27I dug out the historic BARC 25p shares outstanding as listed below:Year 25p (M) Pct2006 6,5352007 6,535

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