Barclays Share Discussion Threads

[prambigear] 28/6/2016 14:34

#118422 Who cares what ANY european says, apart from Merkel. They don't count for anything but hot air. Listen to the words from Washington.

[informant] 28/6/2016 14:20

Fitch said that Ireland, along with Malta, Belgium, the Netherlands, Cyprus and Luxembourg, are the most exposed countries to Brexit, given that their exports of goods and services to the UK represent at least 8 per cent of GDP. Total goods and services exports to the UK are equivalent to around 17 per cent of Irish GDP.

[informant] 28/6/2016 14:17

If the UK wants something from the EU then "they have to give something for it”, said Monika Hohlmeier. The MEP, from the Bavarian CSU party - sister party to the German CDU - was speaking to Jo Coburn on Daily Politics about British access to the Single Market after the UK leaves the EU.

If we want access to the single market, then we will have to allow freedom of movement. If we don't London will be hit hardest.

[prambigear] 28/6/2016 14:08

Merkel (and more importantly the yanks) need Britain to balance the Germans. We will get at least continued passporting, and probably single market without giving too much. Mark my words.

[mickbell2] 28/6/2016 13:45

pipsan
There is quite alot of truth in what you say regarding how we are being treated,
however it is nothing new. We have always been resented for "always having our
foot on the brakes" and disrupting their EU Federalist Empire dreams. But if you
dig deeper, there is also quite a bit of support for the UK views within Euroland German and Polish press have lots of comments pointing the blame at Donald Tusk (for offering nothing to Cameron during negotiations) and calling for his head.
We should have fought this from the inside, uniting and leading the many small
pockets of resistance.

But now it's done they will defend their turf and come down on us hard, any
concessions we get during the Article 50 negotiations will be paid for in blood.
More specifically, paid for by re-patriation of business from the City of London
which at the moment handles 40% of EU Bank clearing business. We could hang on
to a sizeable chunk if we agree to keeping free movement of workers from Euro
states to the UK, or get a sweeter trade deal and no free movement agreement by
losing much of the clearing business, derivative trading, insurance etc from
London. A painful hit as this currently accounts for 8% of UK GDP that means we
stand to lose a sizeable chunk of the £230bn we make each year, as well as income tax from the 750,000 jobs at risk. While in the Eurozone we have had to threaten the use of UK veto to protect vital national interests several times because of Euro designs on dismantling the City of London and repatriating a sizeable chunk of the business back to EU financial centres like Frankfurt, Paris Amsterdam and Lisbon. When we give that up by triggering Article 50 and lose the right of the banks EU passport which lets them trade across borders the knives will be out and the scramble by banks to relocate will begin in earnest.

Ultimately this may not hurt UK banks too much as HSBC are already moving staff
to Paris and expanding operations there and Lloyds and RBS are HQ'd already in
Edinburgh which Nicola is determined to keep in the Eurozone, so they might not
suffer too much - but the new UK Government will have a (£160bn, my guesstimate)
hole in their budget along with the loss of Scotlands £280bn GDP from the books.
No wonder S&P, Moodys etc are downgrading UK credit ratings.

[cmillar] 28/6/2016 13:42

A pragmatic view

[runwaypaul] 28/6/2016 13:41

all sounds fine and dandy today

ftse 6140?

gl with that

see you at 5200

90p

utter booolax.

[pipsan] 28/6/2016 12:33

I think adolph was there, the guy from Belgium without the moustache.
He even had the arm waving, but he didn't thump the table. He's been hiding in Brussels.
For all the other Nations who are having serious doubts,
just take a look at how we are being treated after 43 years of paying our dues.
That should have earned us a little respect. What did we do? we held a democratic
election and the people voted to leave, not our government but the people!
Can you imagine what it will be like for those countries who have doubts to
leave in 10 years time when even more legislation has been put in place.
They do not want democracy, they want the voters to have has little information
as possible and do what they are told. That is why the accounts of the EU have
never been audited and never will be. The British press would have a field day
going through the MEP expenses, look at the Kinnock example.
I actually voted in - hoping to change it from within, IMPOSSIBLE

[smurfy2001] 28/6/2016 12:25

Bank of England hands out £3bn in liquidity to the City

Newsflash: UK banks have taken £3bn of liquidity from the Bank of England in a special auction.

[eisler] 28/6/2016 12:23

Gains being eroded - will Dow give it a boost this pm?

[clond] 28/6/2016 11:37

Every bank stock showing a trickle up or holding firm, Barc still showing a trickle decline which suggests it's still falling.

[johnwise] 28/6/2016 11:14

Barclays boss in new rallying cry for business leaders

THE head of an influential lobbying group has issued a rallying cry for business leaders and politicians to use Britain's exit from the European Union as a springboard to bolstering its status as a financial services powerhouse.

[clond] 28/6/2016 10:58

27th July is a make or break for this year. If they hit the target then this could gain 10%. That is the thing that is keeping me here looking for the right entry.

[topicel] 28/6/2016 10:53

And, just to add, Jes Staley has said Barclays will be focusing on its core US/UK business models and reducing exposure and so on elsewhere as part of the strategy.

Very prescient?

Topicel

[johnwise] 28/6/2016 10:42

Brexit Hysteria Makes Barclays Shares Too Cheap To Ignore

A superb opportunity

Brexit has caused the share price of Barclays (LSE: BARC) to fall by around 28%. However, the bank was experiencing weak investor sentiment prior to Brexit, with its new strategy and subsequent dividend cut causing its shares to come under pressure in recent months.

While disappointing, this share price fall presents investors with an opportunity to buy Barclays at a time when it’s trading on an ultra-low valuation. For example, it has a forward price-to-earnings (P/E) ratio of only 6.2, which indicates that an upward re-rating is very much on the cards. The bank’s new strategy could be a catalyst for that, with Barclays now more focused on improving its balance sheet strength and in reorganising its asset base so as to become leaner and more profitable.

Such moves could convince the wider market that Barclays will survive any downturn resulting from Brexit, and while its shares could come under pressure in the short run, for long term investors I think the present time is a superb opportunity to buy in.

[clond] 28/6/2016 10:28

Angela Merkel

We will ensure there are no negotiations based on the principle of cherry-picking. There must be and will be a noticeable difference between whether a country wants to be a member of the European Union family or not

[capeview] 28/6/2016 10:23

Clond, its amazing listening to the European lot, that only now are they understanding that the people want to be Listened too because of the Brexit Vote. Would this ever have come about if we hadnt had the vote?!

I very much doubt it.

Britain has woken up Europe and getting the blame for it. Time to wake up Europe.

[smurfy2001] 28/6/2016 09:48

Closed my CFD

[clond] 28/6/2016 09:46

Mr Juncker continues that he has placed a "ban" on any commissioners or senior Commission officials entering into preliminary negotiations with the UK government before Article 50 is triggered.

"No notification, no negotiation," he adds.

This is why we came out - he is a prat

[clond] 28/6/2016 09:15

every minor ftse dip wobbles the bank shares by pennies

[spadman] 28/6/2016 09:03

im gonna love it when this goes sub 100p means I can buy more ;)