Barclays Share Discussion Threads

[mbmiah] 03/3/2015 11:55

Same as last year then - quite poor really

[ami10] 03/3/2015 11:47

proposed a final dividend of 3.5p per share, making a FY dividend of 6.5p per share, up 23% YoY.

[smurfy2001] 03/3/2015 11:14

Eisler, hate to agree but won't be surprised to see that range. If we do see it i'll open a CFD.

[eisler] 03/3/2015 11:11

Ouch - but as I said last week, back to 230-240 trading level for the foreseeable. Long way to go before BARC or any bank will be back in favour.

[dr biotech] 03/3/2015 11:10

I think Jenkins has done OK. I'd like to see Bob Diamond in the dock though, and also those who were guilty of rigging (or those who oversaw it). I think thats what I find most galling, those who committed the crimes have got off at shareholders expense.

[johnwise] 03/3/2015 11:07

Performance within equities and prime services also remained strained. The unit, which is currently battling with U.S. authorities concerning activity of high-speed traders within its dark pool, underperformed its rivals, up just 2% year on year over the fourth quarter.

In comparison, J.P. Morgan posted a gain of 25% within its equities division, and Deutsche Bank was up 35%.

According to Chirantan Barua at Alliance Bernstein: “This is a much weaker performance than peers and it looks like no recovery yet from the dark pool story” ..

[smurfy2001] 03/3/2015 10:57

Portside,

I think Jenkins is an OK CEO cleaning up the muck from previous CEO's. I suspect any CEO would have difficulty making the muck smell good when it's headwinds are constant litigations.

I remain invested and am grateful for the dividend. The stock price however....

[portside1] 03/3/2015 10:55

the results are terrible worse than rbs

Jenkins as failed and must be removed a very dishonest person
no balls gutless paying out 2b in bonuses for failure is a crime
the bank is going backwoods no div rise till 2017 .
why are they paying bonuses for failure

[gotnorolex] 03/3/2015 10:47

Bankers are scared of their own shadows and traded 30% less among themselves last year. Team managers and players need the backing of their supporters! The winning spirit is the same and needs to be cheered on! Well a little jibing is natural so long as its constructive! Moral is still reeling after the recession for which they paid dearly, but enough is enough. They've started over! Non core assets all but gone!!! Stick to banking, its the safest place to be should there be a sell off or 20% retracement of indices.

[smurfy2001] 03/3/2015 10:32

You can always dream.

[maximillian1] 03/3/2015 10:27

You should all be very carful of the next rise...

when the Dow hits approx 18800.....this market is in for a very big fall..Barclays should hit 284/5 by then.....so only 30 points to go....that used to be a one week move....and the downside target is 155ish.....Market correction over...all imo my opinion.

Something nasty brewing..they have been binding there time...

looks like they will hold Barclays down for today..and start to move up in the morning..

[gotnorolex] 03/3/2015 10:20

Yes it might as well rain until September!


Cummon cheer up!

[clond] 03/3/2015 10:10

Is this is the best we will see in the share price until this time next year !

Is it worth getting out and waiting till September to return - that's what I am thinking ???

[cmillar] 03/3/2015 10:04

Hi Ken,

I think DB may well be right regards divi for this year. Certainly don't expect AJ to increase 1st and 3rd divi above 1p. May get a uptick in 1/2 year divi IF he resolves some of the Litigation within existing provisions. may also get a token increase in FY divi next March but certainly not expecting him to shoot the lights out.

[triktrak] 03/3/2015 09:40

Deutsche retain their Buy recommendation:
-----------------

Delivering on the TRANSFORM 2.0 plan
Barclays' 4Q14 Core adj. profit before tax, restructuring costs, and UK bank levy (which reported well below consensus) was 2% above market driven by 1% higher revenues partially offset by 1% higher costs and 2% higher impairments. All Core divisions beat our equivalent forecasts with IB and Africa most meaningfully ahead. We base our Barclays valuation on Core and believe consensus expectations for Core profits will be broadly stable given results in line to slightly better and reiterated headline TRANFORM 2.0 targets.

The CRDIV CET1 ratio of 10.3% was up 10bps QoQ, 10bps above DBe despite a higher provision for FX settlements (£750m vs. DB £500m) partially offset by a slightly lower PPI charge (£200m vs £300m). Including the Spanish disposal which closed in Jan 2015, CT1 would have been 10.5%. The BCBS leverage ratio rose to 3.7% from 3.5% QoQ driven by a 7% QoQ fall in lev exposure, perhaps a third of which due to seasonal factors: deleveraging is proceeding well. TNAV of 285p, down 2p QoQ given one-offs, was above our 281p.

Non-Core deleveraging is going well. Too well?
The 4Q14 Non-Core loss before tax, restructuring and levy of £400m compares with consensus at £259m, worse due to revenues £206m below market at £22m. Costs were slightly higher, impairments much lower than market estimates. Outlook commentary for 2015 Non-core income which is significantly lower than in 2014, citing 4Q14, will lead to an increase in consensus Non-Core losses for 2015-2016 we think given current expectations of £671m and £502m for the two years. Non-Core should continue to contribute to capital build, however, with £45bn 2016 RWA targeted from £75bn at FY14 (£110bn at FY13). The 3-6% targeted ROE drag from Non-Core (4% in 2014) was reiterated confirming the role of a shrinking capital base in reducing the drag on the bank overall as revenues fall faster than costs.

Outlook – Reiterated targets, declared flat dividend at 6.5p
Barclays’ announced intention to pay total DPS of 6.5p for 2014 is in line with our forecast but a touch below the 40-50% target payout range. Our existing estimates are for a 6.5p dividend to be repeated in 2015 given inclusion of a £2bn further settlement provision in our numbers for this year. Potential settlement of FX and RMBS claims in particular should reduce uncertainty here and help with visibility on payouts and CoE.

On our numbers Barclays is trading at 9.0x and 8.4x 2015 and 2016 Core EPS and 0.9x TNAV for a 2016 target Core ROE above 12%. The target ROE looks within reach given last year’s 11% and an outlook statement which confirmed that 1Q15 run rate IB revenues are on track to “approach̶1; 1Q14’s £2.1bn, roughly equating to a 26% QoQ increase relative to 4Q14.

[smurfy2001] 03/3/2015 09:30

Worth every penny of that bonus aye folks?

[portside1] 03/3/2015 09:15

the crooks should be in prison not given bonuses
Jenkins is dishonest and must be removed the man no balls
the investment bank down 30% again and get 1b in bonuses
the ban run by crooks for crooks
feel sorry for the customers having crooks at the bank

[extrovert] 03/3/2015 09:12

On the other hand, if they deserve a bonus then the shareholders should get a rise in the divvi to share the spoils around.

[gotnorolex] 03/3/2015 08:53

Wonder why some investors here bite the hand that feeds them? Jealousy doesn't get you much more than a frown! I would be limiting my ambition if I didn't offer my staff a generous %age over and above meeting targets. Calling them crooks and vagabonds will get you bad karma in the workplace. Would you work for a bunch of ungrateful investors? Who very probably got their wealth by underpaying and whipping their staff or by some dodgy means!

[asagi] 03/3/2015 08:35

Profitable, dividend-paying and at a discount to net tangible asset value of 285p. I can't imagine that situation lasting very long.

Disappointed with the dividend.

Asagi (long BARC)

[portside1] 03/3/2015 08:32

I think we have to face facts Barclays is a rotten stinking bank run by liars and crooks , for liars and crooks .

[ak47high] 03/3/2015 08:18

Why do people invest in banks and then complain about bonuses? Totally bizarre.

Trying to decide if I should sell some here and invest more in Lloyds. I'm only thinking of future dividend payments.

[keifer derrin] 03/3/2015 08:17

Ken - guess I kept missing the final divi and just kept seeing 1p :-) - must learn how to read financial reports....lol