Barclays Share Discussion Threads

[astol] 27/5/2015 22:01

The Greek deal needs to be confirmed for the momentum to go forward on the share price . Barc has nore or less recovered yesterdays share price drop on news of a deal in the pipeline.

[diku] 27/5/2015 21:56

This Greece 11th hour done deal is now becoming too predictable...

[astol] 27/5/2015 21:45

blackberry122-Ta for the post/link-agree with the sentiment of a break out coming very soon.

[blackberry122] 27/5/2015 21:11

Barclays Shares: Long Positions Still Favoured

The Barclays plc (LON:BARC) share price remains prone to upside forces as the recovery in place since July 2014 remains valid.

The move higher in BARC has occurred in a broad upward facing channel - the bottom line of this channel is seen as support. We have this support located at 242p at the present time and would question the uptrend were this level to be breached.

Another support is seen at 257p where the 21 day moving average resides.

Note consolidation at 260-270, this has capped gains for much of the year and we would look for a decisive break of this level ahead of a test of 300p. The RSI reading is bullish, but not yet oversold, and is advocating for further gains. Momentum indicators are positive.

Analysts at Recogina Inc. suggest a stop loss be placed at 255.50p for long positions, it would seem that a break below the 21p moving average should be taken as a sign that upside momentum is waning.

hxxp://www.thecsuite.co.uk/CFO/index.php/finance/318-lloyds-and-barclays-share-price-overview-454354

[stockmuncherpr0] 27/5/2015 19:24

Try backing that statement up smurfy2001 with something credible.

[smurfy2001] 27/5/2015 18:59

300p one can only dream

[isis] 27/5/2015 14:39

People who smoke should be left alone - period.

PPI has netted the economy over £30billion.

If they applied this with other insurances there would be uproar. Take appliances like Kettles etc. where people take out 3 year insurances that cost more than the item!

There will always be stupid thick people!

[prambigear] 27/5/2015 14:13

To be fair, until 2008 all of this so-called 'rigging' was called competition between banks.
Traders are employed to construct the optimum deals for their bank (and therefore themselves).
Salesmen were employed to promote their complex products to institutions that should know what they are buying.

No 'men in the street' were harmed in that production.

Furthermore, clearing banks sold 'products' to customers on the basis of 'caveat emptor'.

Now it is cheating and mis-selling!

It would be more honest if the authorities held up their hands and said 'OK lads. We've changed the rules, but SOMEONE has to take the rap, and we've decided it should be you!'

[keifer derrin] 27/5/2015 12:33

looks like more pay out for PPI is on the way

[fjgooner] 26/5/2015 20:54

In response to: davew28 25 May'15 - 13:44 - 112022 of 112032

Re your: From memory, a few months back you were castigating Johnwise.

Yes. For (a) a seemingly relentless campaign of posting every conceivable piece of negativity with no balance; (b) occasionally posting way out of date content.

As an aside, and to be fair to him, he was right on the share that he was ramping which has more than doubled in price since. Good for you, Johnwise.

Either way that doesn’t change the potential relevance of the story that Johnwise posted about rigged computer systems may be of concern to those with an interest In Barclays. I’d certainly hope (and would fully expect) that Barclays had sufficient governance policies and IT systems audit oversight to present a robust defence to this.

Re your: I thought you were out of these now. What is your interest now, morbib curiosity?

I have always had and will always have an active interest in Barclays. I don't always hold a position: sometimes I hold a rather large position, sometimes with a smaller float, occasionally I hold none - preferring to sit uncommitted during times of (my perceived) uncertainty. Seeing that you asked directly, I have been in the latter position since March 6th when I exited all positions around the 266p mark, but have been pleased (for many on this BB) to see the price finally recover to and exceed that level finally last week. Let’s hope that rally can re-test the high 290s sometime soon.

So, what you are really asking is, I guess, why am I still here on this BB now. My activity on this BB (mainly reading and occasionally writing), on the rare occasions that I have no position, is to remain fully in the loop pending future decision making.

I don't envisage making any trades whatsoever in Barclays over the remainder of this year – pending a few issues which have been well discussed here – but can’t possibly imagine being un-invested in the medium term. So I have no material interest in the share price movements, only an interest in the progress of the company (which looks pretty good) within a litigious maelstrom and a volatile regulatory environment.

[mbmiah] 26/5/2015 19:08

Please be quiet Porty

[portside1] 26/5/2015 16:11

johnwise so why has the liar Jenkins not been sacked he has lied to investors
so is he different the man is dam dishonest and must go

[gcom2] 26/5/2015 11:36

Lookin good for 295p

[johnwise] 26/5/2015 09:51

Barclays fires mortgage-bond trader for wrong communications to clients

[portside1] 25/5/2015 16:25

bob diamond was a crook and they say being dishonest does not pay
that saying is not for the rich

[portside1] 25/5/2015 16:23

boe king tucker were guilty they new and it suited them and the usa and uk gov
the only losers are holders .

yes share holders should challenge the courts and gov to charge diamond and co
and claw back their payments and jail the crooks and liars

but alas they are above the law no one in gov will ever be charged it would open the flood gates .
we the holders should get together and take action
the SFO only prosecute working classes . its a old boys act brigade not for the protection of the working classes

[ceaserxzy] 25/5/2015 15:49

Not in anyway condoning the bad or even criminal behaviour of some of the bankers.

However this no-ending fine for the banks is only punishing the ordinary shareholders who are doubly punished, first by the mismanagement and misbehaviour of the banks and now by the relevant authorities. Surely it should make more sense to punish those individuals who have been responsible and who have benefited enormous for their bad/criminal behaviour, like Diamond and others.

Furhter more, where were those authorities when all these happened underneath their noses? Where were BOE, FCA and the USA authorities when all these happened?

Should not they also be held responsible and be fined/charged with negligence in their duties?

[triktrak] 25/5/2015 14:49

How banks went from ‘too big to fail’ to ‘too big to nail’



.....The scandals that have been tarnishing the industry will inevitably rumble on for a considerable while. Whether any of this will result in senior banking executives being held accountable is highly doubtful. One of the surest indicators of this is to track bank share prices. In his 2012 book The Signal and the Noise, statistician Nate Silver wrote of the difficulty, when making predictions, of distinguishing the pieces of data which really mattered (the “signal”) from the welter of other information available (the “noise”). Well, amidst all the noise of the last couple of months, the signal is the fact that bank share prices scarcely budge when news of the latest scandal or fine emerges. Sometimes the share price will react modestly but generally it is no more than a minor blip, demonstrating that the market does not believe that serious long-term consequences are going to follow. Barclay’s share price increased by over 1 per cent when news of its record breaking fine broke.

The reason for this is that the perception by the markets of scandal in relation to big banks has long since shifted from that of an occasional acute condition to one which is chronic. Rate rigging, mis-selling, sanctions busting, tax evasion, money laundering and even criminal facilitation – these have become facts of life and are priced in. Sure, fines have to be paid. But in the absence of prosecutions – particularly of senior banking officers and directors – such penalties are now simply seen as part of the cost of being in the banking business....

[portside1] 25/5/2015 14:34

sill no action from the chairman . but listening to the lady on cnbc he is not that good he gets credit n the backs of others
and she worked at the same company in aussie

[davew28] 25/5/2015 13:44

fjgooner,
I thought you were out of these now.
What is your interest now, morbib curiosity?
From memory, a few months back you were castigating Johnwise and encouraging negative postings on his investments?
Dave

[fjgooner] 25/5/2015 12:55

So, in short, fines and litigation at vast cost are expected to continue for some time to come. Shareholders continue to receive stagnant dividend yields as provisions are continually required to be made.

Dread to think how much the civil lawsuits will cost and how long the issue will drag on, but when resolved we will have a bank with multiple divisions capable of boosting RoE back to above 12% as per AJ's stated target.

That is providing that the story Johnwise posted about rigged computer systems doesn't open yet another can of (very expensive and damaging) worms.

So when will be BARC's first "predominantly post provision year"? 2016? 2017? Anyone?

[jarrow3] 25/5/2015 11:28

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[smurfy2001] 25/5/2015 10:33

Traders Are Hinting Europe’s Bank Rally Is Just Getting Started

The shares have jumped 28 percent since a January low, but they’re still trading at a discount to their two-year average, making the industry among the cheapest in the region. The cost of options protecting against bank stock swings this month reached the lowest level in more than five years versus those on the Euro Stoxx 50 Index.