Barclays Share Discussion Threads

[dr biotech] 03/8/2015 15:26

given that John has only posted negative stuff (and a lot of it entirely pointless) whilst the share price has rallied, now that he appears to have change 180deg should that be seen as a sell sign? Normally by the time the numptys get in to add/short the tide is about to turn. Though FWIW I think I will be here for some time to come.

[reimomo] 03/8/2015 14:24

Think this rally is running out of puff.

Ahm oot. And yes, fully aware I'll miss out on the corking 1p divvy.

Bit of a retrace I reckon, before the next leg up.

[smurfy2001] 03/8/2015 14:00

Another bullish article from you John?

WOW

[johnwise] 03/8/2015 13:45

Barclays PLC Price Target Increased to GBX 335 by Analysts at Nomura (BARC)

Research analysts at Nomura hoisted their price target on shares of Barclays PLC (LON:BARC) from GBX 320 ($5.00) to GBX 335 ($5.23) in a report released on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Nomura’s target price would indicate a potential upside of 15.94% from the company’s current price.

[astol] 03/8/2015 08:36

thanks mike740-Barc share price having a breather today and preparing for the next upside move

[mike740] 03/8/2015 08:17

03 Aug 2015 Barclays PLC BARC Nomura Buy 285.50 288.95 320.00 335.00 Reiterates

SP TARGET 335p

[mattboxy] 02/8/2015 21:35

I know we can't draw direct comparisons but does anyone know the figures for Aviva from when he arrived until he left? Share price, profits etc

[astol] 02/8/2015 17:25

Mcfarlane has that Wow factor-X Factor(without being corny using these descriptors)he's got a lot of banking experience and did a great job at Aviva-it just shows how an individual can make such changes and more importantly quick changes ie he knows exactly where he is going and what to do-CREDIBILITY from the City in tact.
I think also that this will provide key motivation to staff now that they have a rudder on board (no pun intended)-People appreciate direction and will of course need to adapt to the changes that Mcfarlane will put in place.

[davew28] 02/8/2015 16:40

Agreed. I like his style and it definitely strikes a chord with investors and the city. No nonsense, straight talking all action. I loved the way he identified that there were too many committees. As an ex-employee I can vouch for that!
Shame about Jenkins but he just lacked any charisma and didn't motivate.

Dave

[astol] 02/8/2015 09:04

ta davew28-interesting article-what I like is that McFarlane is not hanging around,not even waiting for a new CEO-the City will like this and expect these newsflows following the good results to further increase the Barc sp-just what is needed for long term holders or trading long on the stock.
I genuinely think by the end of next week we may well reach 300p because no one wants to miss the ride up!!!!!

[druid2] 02/8/2015 06:42

Ken - Thanks for updating the Forecasts & Fundamentals.

[davew28] 01/8/2015 21:05

Hi Astol, I'm afraid I've used all my credits for the FT this month (so it says) so cannot now access it. Sorry about that. Maybe someone else could oblige.

Meanwhile this is from the Telegraph:

John McFarlane to hire cost-cutting guru at Barclays

The executive chairman is close to appointing a top enforcer to push thorugh his radical plan to slash costs and make the bank more efficient

Mr McFarlane, who took charge of the bank last month following the ousting of chief executive Antony Jenkins, is to create the new role of group head of strategy within weeks. The identity of the candidate, who has already been identified, is not known, but is thought to be someone Mr McFarlane has previously worked alongside.

The new senior hire – who is unlikely to join the bank’s board but will sit on its executive committee – will mastermind the bank’s strategy and its transformation agenda to create value.

Given Mr McFarlane is initially adopting the majority of Mr Jenkins’ plans for the bank, the new strategy’s chief initial focus will be on cutting costs.

Mr McFarlane is known to have told friends that he believes the bank is inefficient, and that waiting for a new chief executive to solve that problem is not an option.

Headhunter Spencer Stuart is in the process of drawing up a longlist of possible candidates, expected to be complete by early September, with the hope of naming a new chief executive by the turn of the year.

Mr McFarlane is said to favour the need for an external candidate, meaning chief financial officer Tushar Morzaria is unlikely to make any shortlist, despite his interest in the role.

The creation of a new strategy and transformation chief also raises questions over the role of Jonathan Moulds, the former Bank of America Merrill Lynch executive, who was hired by Mr Jenkins in February as chief operating officer. He was brought in to restructure the bank and lead cost-cutting, with a particular focus on the separation required ahead of the UK bank ring fence coming into law in 2019.

Mr McFarlane is launching a drive to create a better customer service ethos at the bank. Although he believes staff are no longer breaking rules in areas such as Libor or PPI, he said last week that there was room for improvement.

“As far as we can discover, we’re not creating any new issues – the cultural change in terms of conduct has improved considerably. I believe we’ve broken the back of this,” he said. “On the other hand, the one word we want to see more of is 'the customer’. It is not a word I hear very often here.”

[astol] 01/8/2015 14:53

davew28-Ta for the link but cannot access because am a non subscriber-can you please copy the article and post on the BB??

[davew28] 01/8/2015 12:19

Encouraging Buy recommendation from the FT's Investors Chronicle:

[smurfy2001] 31/7/2015 15:59

Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.

Affected staff, which included managing directors, were told this week, the source said on Friday.

Barclays last year said it would cut about 7,000 investment banking staff by the end of 2016. It cut about 2,500 in 2014 and expects to cut a similar amount this year and next, and this week's redundancies are part of that.

It was not clear in what areas most of the cuts would be.

New chairman John McFarlane this week said the investment bank remained a core part of the bank and he was pleased with an improvement in its return on equity this year, but he said it would continue to scale back in areas where it is not strong.

Analysts expect more cuts in trading activities to allow capital to be diverted to higher-returning advisory and underwriting activities.

[astol] 31/7/2015 10:49

Pleased to see barc in the blue-kinda treading water-but very good in that FTSE down some 26 points.
I expect further progress in the coming weeks and with positive newsflow from Barclays implementing McFarlane's strategy going forward

[astol] 30/7/2015 14:01

I think they just said they will start selling from last June

[smurfy2001] 30/7/2015 13:22

Doubt the gov are selling as no formal announcement when they will start selling. But l hold both BARC and RBS.

[astol] 30/7/2015 13:13

smurfy2001-yes agree Barc doing well again-steady shall we say-RBS up some 15p and now down some 2p????? don't hold any-any views-do you reckon the Gov cashed in on the rise early morning-seems real strange when their profits announcement was not expected.

[astol] 30/7/2015 13:09

Johnwise-how come before the results you were posting every negative link and now have reversed to positive links???are there no more negative links-downgrades-rights issue probabilities etc??