Barclays Share Discussion Threads

[diku] 26/6/2015 21:59

Me thinks McFarlane has been reading porty's posts here!!...he had to do something!!!....porty power....

[smurfy2001] 26/6/2015 20:58

McFarlane is the reason to remain invested here as my hope he will do wonders like Aviva (just look at the share price of that today).

[davew28] 26/6/2015 20:54

Good to see Mac the knife getting stuck in:

Barclays scrutinises investment division

John McFarlane, the new chairman of Barclays, grilled senior executives from the investment bank yesterday over progress in the restructuring of the troubled division.

Tom King, the New York-based head of the investment bank, and Jonathan Moulds, the former Bank of America Merrill Lynch executive who joined as Barclays’ chief operating officer in February, both gave presentations at an off-site meeting.

Investors want more clarity on plans for Barclays’ investment bank, which had a reasonable but not stellar first quarter of the year compared with its peers, and has not yet proved its worth as a big part of the group.

Barclays’ management is not expected to give more details about the shape of the investment bank with half-year results next month, but is expected to do so later this year.

The investment bank used to generate the majority of Barclays’ profits, but has become its worst-performing division, falling to a return on equity of only 2.9 per cent last year.

Mr McFarlane called other senior executives to the board meeting, which took place in the UK away from Barclays’ Canary Wharf headquarters. Tensions were running high among executives as it was the first time that Mr McFarlane has run the off-site meeting after taking over from Sir David Walker in April.

Mr McFarlane’s hand is seen behind Barclays’ move this week to end its 25-year relationship with Credit Suisse, and instead hire JPMorgan Cazenove as joint corporate broker.

JP Morgan will work alongside Deutsche Bank as Barclays pushes ahead with cost-cutting and retrenchment plans to boost its profitability.

The change was overseen by Tushar Morzaria, Barclays’ finance director, but Mr McFarlane is widely thought to have played a part in selecting JP Morgan, which he worked with previously as chairman of Aviva.

hxxp://www.thetimes.co.uk/tto/business/industries/banking/article4480251.ece

[kenbachelor] 26/6/2015 08:24

Thank you for the tip Portside but I only spreadbet these days, because it's much safer than actually buying shares.

[diku] 25/6/2015 18:51

Somebody playing with that FTSE chart keeping that right shoulder intact...

[astol] 25/6/2015 15:32

diku-its the end of mind games for Greece gov now- they must return with a better proposal-after all its the ceditors who will bail out the country so the creditors hold the purse strings. The fact that Tsipras doesn't want to make a U turn on his anti austerity manifesto- its easy to talk political speak and get elected but its now a reality check that the country now face.
Lets hope their is a resolve then we will see Barc fly!!!!

[diku] 25/6/2015 14:33

Yes and Greece is using that to their advantage....mind games at play to secure the deal in their favour....

[neddo] 25/6/2015 12:33

Greece, just a con, I think we all know that they haven't the bottle to dump them?

[asagi] 25/6/2015 09:38

according to my stats, the shares are on a 2015 P/E of 11.4 and 2016 P/E of just 9.4.

As ever, do the 2016 forecasts represent the likely long-term profitability of the company?

Asagi (long BARC)

[astol] 25/6/2015 09:29

the way the market has turned since the start implies some good news is likely to be released about Greece shortly-just reading between the lines Dow Ftrs up 100

[portside1] 25/6/2015 08:49

ken buy LXB will double in the next 9 months

[astol] 25/6/2015 08:26

diku-fear not the key is for Barc to hold above 270p-results in a month well 29 July should see good upwards momentum towards 300p imo-1st Qtr profits will include a windfall from Lehmans-I recall it was about $1.1bn and the worst of the fines appear to be behind the bank.
All of the outstanding issues between Barclays and the Trustee will be settled and Barclays will receive all but US$80 million of the US$1.1 billion of assets which were still disputed by the Trustee. Following implementation of the settlement, Barclays will have received all of the assets it claimed in the litigation with the exception of this US$80 million and approximately US$255 million of margin for exchange-traded derivatives (exclusive of interest) still owing but expected from third parties.

[diku] 25/6/2015 08:17

I just don't like that right header FTSE chart...it looks like on a right shoulder formation....

[astol] 25/6/2015 08:15

A bit of a pull back this morning understandable -but will tee the Barc share price for the next upwards onslaught-280p will happen this week if we get a positive deal on Greece

[diku] 24/6/2015 22:26

If it wasn't for Dow weakness Barc wanted to go higher....

[david90] 24/6/2015 21:35

Nice to see some chat on this board again. Interesting times.

[mbmiah] 24/6/2015 19:24

Chart looks set to continue towards 300. Hopefully. PPI and further fines (if there are any) may keep it around that level until the increase in divi.

[dr biotech] 24/6/2015 15:46

Think we have all made plenty of bad choices. I bought barrett at 90p, sold at 140 then 160 thinking I was a genius. A few months on it was 300+. I have wondered over the years if I had an "anti-me" that sold when I bought whether it would do better than I did. Unfortunately almost certainly true.

[robertfaulkner] 24/6/2015 13:08

diku, absolutely true, I sold Zoopla when it got to 202p after months of being underwater, now it's at 270p

But I suppose it's because we watch share price of our sold shares we notice it.

My only recent win was to get out of SXX a proposed fertilizer mine near Whitby, I put £25k in in tranches as it went down. I was about £18k down at it's worst and said I'd get out if ever it got to only a £5k LOSS, greed took over I kept upping my limit and got out with a £8k profit at 25p a share they are now at 14p.

I was trying to up my limit to 26p on my mobile phone as it struck, luckily(with hindsight) I couldn't do it quick enough.

[portside1] 24/6/2015 11:49

we must stop the TTIP the yanks will milk the NHS to destruction the yanks are no friend of the uk .e mail our mp they must not allow . TTIP if they do say good bye to the nhs for ever

[astol] 24/6/2015 11:43

Yes saw the pull back when the news announced but the share price recovered nicely- this despite the set back- but still Tsipras has a meeting next in Brussels-he has little choice but to ensure the deal is accepted with extra compromise.I personally think the Greek fiasco is rather overdone and was an opportunity for shorters but now we are clearly on the march up with the sp-YES LETS GET EXCITED!!!!or even TOO EXCITED!!!

[smurfy2001] 24/6/2015 10:58

Talk about a fiasco!



Creditors won't accept our proposals

[smurfy2001] 24/6/2015 10:40

Bailout deal in doubt as Tsipras faces creditors

[asagi] 24/6/2015 10:22

No blackberry122, let's get too excited.

Asagi (long BARC)

[blackberry122] 24/6/2015 10:14

lets see where it closes before we get too excited