Barclays Share Discussion Threads

[christh] 21/7/2015 08:36

ftse index is like a headless chicken at the moment.
the problems in Greece ended but the ftse still confused.
It should make a run to 7,000 not lurking around 6,780.

The reporting period is due in a week or two, so that might give it a boost.

[astol] 21/7/2015 08:35

Dr Biotech-undoubtedly McFarlane will make a statement on his strategy/intentions going fwd-his track record is excellent and see no reason why this should not continue with him currently at the helm.Will a new CEO be announced in time for the results??that surely would be a quick move if it is announced.
The share price keeps a steady climb!!!

[dr biotech] 20/7/2015 17:05

I wonder if next weeks results will include any sort of statement as to where he wants to take Barclays. I had (and still have) quite a lot of Aviva and they have been one of my better investments. McF seems more shareholder focused, so I am hopeful of good things given a reasonable time frame.

[astol] 20/7/2015 14:06

smurfy2001-thanks for the link-interesting-of course nobody wants to cull people but at the end of the day the banks need to operate more effectively and see this strategy helping very much on the bottom line.We are now in the technology age and can see also how much business is conducted online, Amazon etc etc. I like McFarlane's make it happen approach- being proactive rather than re-active.If he also sorts out the Investment banking side -whoosh on the share price Look fwd to next weeks results.

[cmillar] 20/7/2015 12:54

clond - my thoughts are that there are enough ifs and coulds in your statement that maybe possibly you have a chance of being close to the mark.

[smurfy2001] 20/7/2015 11:17

More from Telegraph on above,

Senior sources told The Times that a programme of further job cuts was thought to be the only way to address the bank's under performance and hit a target of doubling its share price.

Barclays is expected to focus on automating manual processes within its retail bank, according to the report, with the brunt of cuts likely to fall on middle and back office operations where the largest savings could be achieved.

[smurfy2001] 20/7/2015 08:12

Wait for the results first

---

Barclays is to cut over 30,000 jobs within two years as part of its cost cutting programme, reports The Times. The redundancy programme could lead to the bank's workforce falling below 100,000, and includes automating much of what goes on at its high street branches. The cuts come after board members voted out previous chief executive Anthony Jenkins who left earlier this month.

[gcom2] 20/7/2015 07:40

Investec downgraded Lloyds at 55p just before it rose 75p- beware

[mrcravat] 19/7/2015 23:47

I sold out £53k worth at 280 having averaged down from 280 to 248 over 15 months with my concerns being Greece,China( neither done & dusted )US interest rate rises tipped before the year end & the fact the markets bull run is due a correction.

I'm positive about BARC & believe it will get to the figure that brokers are forecasting (310 sh ) ,but after seeing it retreat from 276 to around 249 three weeks ago decided to take profits as Greece is still far from sorted.

I hold no position but fear it it could pull back to sub 260 and offer an opportunity to buy in again

I sincerely hope this does break the 300 barrier but think there may be some selling prior to results after such a good run .
GLA

[clond] 19/7/2015 23:17

All depends on the FTSE now,

If we see 7000 again then 290p or 300p is a real possibility. If we see 6400 again then we could see 260p.

Anyone any thoughts ?

[astol] 19/7/2015 17:40

Johnwise- I can only think you have a short position because all your posts are a negative on the share price or things in general.

[johnwise] 19/7/2015 11:20

Investec downgrades Barclays to sell, trims target price

[davew28] 19/7/2015 10:09

Barclays and Lloyds will also report interim results this month.

Barclays’ new executive chairman, John McFarlane, is expected to take a key role in presenting interim results as he looks to stamp his mark on the bank. He took over on Friday and will have been in place for just over a week when the bank unveils its numbers.

McFarlane has taken over after the board axed Antony Jenkins, a retail banker by background, who was not thought up to the job of overhauling the bank’s investment banking division.

Analysts at investment bank Morgan Stanley expect Barclays to reveal profits of £1.7 billion.

Both Barclays and Lloyds are expected to top up provisions they have made for the misselling of payment protection insurance, amid further evidence that claims are refusing to die down. Morgan Stanley analysts expect the figure to rise by £1 billion at Lloyds.

[champian] 18/7/2015 11:45

Summer432,are you spokesman for spread Betting magazine?

[johnwise] 18/7/2015 09:42

"Banks don't need depositors any more they are just work and cost to the banks, they have the central banks to print all the money they need and at zero percent, so why do they need customers, looking after your micky mouse accounts is not worth it now they cant charge insurance that never pays out or stuff like that"

Barclays to close expats' bank accounts – unless they deposit £100,000
Expats in certain countries will need £100,000 in their accounts to avoid being sacked by their bank

[mike740] 17/7/2015 16:14

17
JUL
2015
Barclays PLC 10.7% Potential Upside Indicated by Citigroup
BY AMILIA STONE BROKER RATINGS

Barclays PLC with EPIC LON:BARC had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Citigroup. Barclays PLC are listed in the Financials sector within UK Main Market. Citigroup have set their target price at 310 GBX on its stock. This would imply the analyst believes there is a potential upside of 10.7% from today’s opening price of 279.95 GBX. Barclays PLC LON:BARC has a 50 day moving average of 268.84 GBX and a 200 day moving average of 252.37 GBX. The 1 year high share price is 280.45 GBX while the year low share price is currently 204.05 GBX.

[evianone] 17/7/2015 14:52

any views on this RNS : IN THE KNOW: Investec Anticipates Depressed Earnings For Barclays

[cmillar] 17/7/2015 11:40

Regards doubling share price

A lot has to do with Market sentiment. Current earnings would justify a share price 50% higher than we are now so doubling in 3 years is not really that tough assuming that we have market sentiment on our side.

With Regulatory fines likely to diminish somewhat over that period and Mak's reputation I think it is very likely we will have.

[astol] 17/7/2015 10:38

smurfy2001-I second your sentiment above.

[mike740] 17/7/2015 09:05

17 Jul 2015 Barclays PLC BARC Citigroup Buy 280.00 280.00 310.00 310.00 Reiterates

SP target 310p.

[smurfy2001] 17/7/2015 08:59

Ever the optimist John

[johnwise] 17/7/2015 08:57

Tune in again next week for the next exciting instalment of this saga. Missed an episode? Don't worry, it will continue in much the same way for several years. Watch as Greece continues to be unable to, or refuses, to pay any debt, and see Europe continue to give Greece even more, in a desperate attempt to shore up a crumbling Euro.

[astol] 17/7/2015 08:46

sp taking a breather today-after stellar performance this week-we will see how the ECB vote goes re Greece-but cant see any reason that the vote will confirm the bailout-it would be preferable if they could agree a haircut and write off some of the debt because its a very tall order for the Greeks to get to grips with the amount of debt they have.