Barclays Share Discussion Threads

[mrcravat] 20/6/2015 23:55

In fairness portside1 does not say what year.
Maybe time for another competition?
Lots can happen between now and Spt with the ongoing Greek crisis/results due on July 29th & more legal nightmares springing up..
GL

[mbmiah] 20/6/2015 18:56

I'll have whatever meds portside is having lol

[diku] 20/6/2015 18:55

Hope sooooooooo if porty says so!!.......

[portside1] 20/6/2015 12:48

looks like 320p by sept

[johnwise] 20/6/2015 12:36

The euro was doomed from the start

The Greek crisis epitomises the complete mess that Europe has made of the single currency

By Norman Lamont

I had the privilege of negotiating Britain’s opt-out from the then new European single currency in 1991. My abiding memory is how clear it was that the euro had nothing to do with economics and was a political project with a dubious rationale. Some representatives of other countries were openly sceptical, but their political masters were firmly in control.

The creation of the euro has been an error of historic dimensions and done great harm to the EU, which in its first 40 years had brought economic prosperity to the citizens of the Continent. Then the less well-off countries benefited from the lowering of tariffs and the increase in internal trade. After the creation of the euro, however, economic growth slowed markedly. Poorer countries fared worse than the more prosperous countries, like Germany, which benefited from the new, weaker currency.

The Greek crisis epitomises the complete mess that Europe has made of the single currency. Greece should never have been admitted in the first place, though it was not the only country – Belgium and Italy were two others – that didn’t meet the strict criteria for membership. From the beginning, the rules put in place for the euro, relating to bail-outs, monetary financing and deficit levels, have been ignored.
MORE

[davew28] 19/6/2015 21:13

Interesting little snippit about Barclays from the FT in relation to the ring fencing argument and assuming that the sume of the parts is more than the current whole:

For Barclays, with its large retail and investment banking divisions, the task is more complicated than for Lloyds. Barclays recently hired former Bank of America Merrill Lynch executive Jonathan Moulds as chief operating officer to focus on structural reform and it could end up splitting into a number of legal entities, potentially separating its retail unit from Barclaycard and other businesses.

But the group has yet to decide whether Barclaycard should sit inside or outside the ringfence, according to one person familiar with the situation. It would have to apply for licences to operate new legal entities as early as next year, reducing the time left to decide.

Full article:

[astol] 19/6/2015 16:38

good close-oversold + shorters closing-results 29 July should be good.Hopefully the Greek matter will be resolved then whoosh!!!!
Have a great weekend everyone

[diku] 19/6/2015 09:09

Yes agree the dramatising of the Greek deal that gets done in the 11h hour is becoming normal practice...me thinks President Putin will save the Greeks...good opportunity for him to score some points over the Western leaders/World stage...

[astol] 19/6/2015 08:51

diku-cheer up- we are now nicely positive-I am certain a deal will be sorted on Greece.If the Greek gov pull out of the euro it will be carnage for their country- a last minute deal will be done.The greek people are protesting outside Parliament that they wanna stay in the euro- see a good bank rally despite being a Friday as bank stocks ben rather sold off of late.

[diku] 19/6/2015 08:32

And the FTSE opens down despite Dow's 180 point rise...

[johnwise] 19/6/2015 07:47

The Telegraph

Grexit: the truth is it would help Britain no end

The economic and geopolitical risks are considerable but there's a silver lining to Greece being ejected from Europe

There are two reasons for this silver-lining view of a Greek exit. The first is that it would almost certainly make Europe more accommodating in its negotiations with Britain over the terms of the forthcoming in/out referendum. On the face of it, a Greek exit would be a boost to the no campaign, in that it might further alienate voters against the EU in general. The chaos of Grexit would give good cause for thinking we are better off out.

[diku] 18/6/2015 21:55

Yes the Dow is well beyond 18k but for some strange reasons outside planet Earth the FTSE never seems to participate...every other Index will easily make all time new highs and beyond but not FTSE!...and don't tell me FTSE is made up of big multinational Oily/Miners!!!...that is a myth...

[astol] 18/6/2015 11:39

positive futures on Wall street will the Dow get to 18000 today??

[astol] 18/6/2015 09:57

diku-agree very quiet on the Barc BB-Barc succumbing to the Greek debacle-support at 265p was broken so hope 259p support holds-strange that the ADRs in US closed at 263p equivalent.Still have faith in my long position with Barc-good buying share price at these level imo

[diku] 18/6/2015 08:33

What no post since 15 Jun!....once upon a time this thread was very active...

[christh] 15/6/2015 12:41

portside1 15 Jun'15 - 07:16 - 112122 of 112127

totally agree with you there.
Saddam,Gadafi, Mubarak,Assad great leaders kept the scum in control.
Now everywhere is anarchy,refugees (apart from Egypt),poverty, war, bloodshed
and non ending civil war (apart from Egypt).

The next place which is boiling is Turkey.They were supplying the jihadists,ISIS
with weapons and all sorts and now we have madmen on the loose.

[smurfy2001] 15/6/2015 10:57

Johnwise, thought you were a robot?

[johnwise] 15/6/2015 08:05

Labour your core vote should be the British working man and woman , but they seem to be the last people that you consider - especially if you are English . Do you think that being " unashamedly EU " is going to win you any votes ? - even the bluntest knife in the drawer can now see where the threat to their jobs is coming from ..I have a dream that the EU tells Cameron that he has to build a huge housing estate in Witney to house all your new found friends - that would really concentrate his mind . The people of Witney would probably tar and feather him .

110 new Conservatives join European Union sceptics

[portside1] 15/6/2015 07:34

lets have the vote to get out

[portside1] 15/6/2015 07:31

you will not be missed .you must be left wing

[johnwise] 15/6/2015 07:28

portside1 15 Jun'15 - 07:12 - 112121 of 112122 0 0 (Filtered)

portside1 15 Jun'15 - 07:16 - 112122 of 112122 0 0 (Filtered)

[portside1] 15/6/2015 07:16

saddam and gadafi were far better leaders and more honest than any yank
bush and is puppet blair should be hung for war crimes

[johnwise] 15/6/2015 06:37

Here we go .... suddenly everything works out in the end and Greece stays in the EU. Anything to stop the whole pack of cards collapsing. Why worry about throwing good money after bad when it's taxpayer's cash and your credibility's at stake?, let this be the beginning of the end of this disastrous failed EU...

"Across the world people are fighting to be more independent, not less so. They crave democracy and accountability, want to see their identities and cultures live on. The European Union is not new and it is not progressive, its trail winding back to the Roman empire. Britain needs to look to the future".