Barclays Share Discussion Threads

[smurfy2001] 16/3/2017 20:48

The HMRC website doesn't for sure.

[bobthetrader] 16/3/2017 20:32

Thanks smurthy!

I have used that site before which did help very much, but I was wondering whether the on-line tax return does a similar thing for you.

[bobthetrader] 16/3/2017 20:13

Question...for completing an on-line tax return.

If you have sold and bought shares within the same compamy on the same day, or within 30 days, multiple times, (ie the B and B rule), does the online-return do it for you automatically when dates, quantities etc are entered, or do you have to understand how it works and calculate it yourself?

Thanks in advance!

[diku] 16/3/2017 20:05

What no posts today since early this morning?...not even porty!...

[johnwise] 16/3/2017 08:11

Why investors avoided Barclays Africa issuance

Bond investors avoided Barclays Africa’s debt issuance, which raised less than half the banking group’s target, due to inappropriate pricing, "divorce" clouds and a lack of clarity around bank resolution regulations.

[johnwise] 16/3/2017 07:15

ITALIAN and Greek lenders could topple Europe's financial system if the European

Central Bank (ECB) pulls its mammoth money-printing programme, top monetary policymakers fear.

[johnwise] 15/3/2017 13:02

European banks’ recovery will pack a punch, says Barclays

Revenues at Europe's investment banks are set to rise even faster than improvements in trading conditions would suggest

[bernie37] 14/3/2017 20:15

Announcement: Moody's: Barclays' Restructuring causes earnings pain but lays the groundwork for sustained profitability
Global Credit Research - 14 Mar 2017
London, 14 March 2017 -- The successful execution of Barclays Plc's strategic restructuring, which has entailed repeated large charges against earnings, will enable the bank to focus on growing its core franchises and return the group to sustainable profitability, says Moody's Investors Service.

"Some gains should begin to materialise in Barclays' profitability metrics over the next 12-18 months, owing to improved results from its domestic retail and corporate businesses and the ongoing build-up of its corporate and investment banking franchise in the US and UK," says Andrea Usai, a Senior Vice President at Moody's.

"Earnings should become more stable and predictable as the group realigns its operations ahead of ring-fencing requirements," says Mr Usai.

Moody's report, entitled "Barclays Plc: Restructuring causes earnings pain but lays the groundwork for sustained profitability," is available on www.moodys.com. The rating agency's report does not constitute a rating action.

Moody's says current low profitability is the main constraint on Barclays' credit fundamentals and partly drives the negative outlook on its ratings, despite the improving performance of its core operations. Large charges to implement Barclays' strategic plan continue to depress its profitability. In aggregate, Barclays' core franchises have yet to show clear gains in profitability, but results should improve as it refocuses on markets and activities with higher returns.

The rating agency notes Barclays' efforts should improve the results of its core domestic retail and corporate businesses. The group's corporate and investment banking franchise in the UK and US has delivered strong results in the last three quarters, with an assist from solid demand for capital markets services in a volatile market environment.

Barclays UK (unrated), which houses domestic activities that are to be ring-fenced, should generate predictable earnings, notwithstanding pressures from low interest rates and lingering uncertainty following the EU referendum. Barclays International (unrated), the non-ring-fenced bank, will comprise a range of confidence-sensitive capital markets activities with greater earnings volatility. However, the corporate banking, international cards and payments activities within Barclays International will provide some more stable earnings streams.

Moody's says Barclays' non-core business will continue to generate disposal losses. Barclays has committed to the rapid wind-down of its sizeable legacy asset portfolio to free up regulatory capital and fund growth in its core operations, the key to restoring the group to sustained profitability. However, the non-core unit will remain a drag on the group's profits, as well as capital and leverage, until the wind-down is successfully completed.

[bernie37] 14/3/2017 15:34

Why this top fund manager believes Barclays plc and RBS are seriously undervalued

Fool.co.uk
Rupert Hargreaves
Fool.co.uk14 March 2017
Barclays signage
Barclays signage
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Nick Kirrage is the co-manager of the hugely successful Schroders Global Recovery Fund. The fund is only a year old, but last year produced a return of 31% for investors -- outpacing its benchmark and its peers.

Kirrage is a traditional contrarian value investor. Last year's performance was a reflection of his decision to go all-in on miners 18 months ago, despite market sentiment towards the sector. His call on companies such as Anglo American -- a five-bagger in 18 months -- have helped the Global Recovery Fund shoot to the top of the UK's fund performance tables.

Now Kirrage is targeting a different sector as he tries to reproduce last year's returns for investors. Ever the contrarian, Kirrage has turned his attention to banks, a sector he believes is deeply undervalued.

Seeking value in dark corners

The two banking stocks the manager likes best are Royal Bank of Scotland (LSE: RBS) and Barclays (LSE: BARC). There's no denying that this isn't the first time a star fund manager has recommended these stocks.

Bombed-out banks have attracted the attention of contrarians on many occasions since the crisis but as these firms continue to restructure, there's been no reward for adventurous managers.

So why does Kirrage believe it's now the time for these banks to shine? Well, for a start banks are cheap. After years of restructuring and tens of billions in fines, investors are clearly still afraid of the sector. The good news is that the lack of investor attention has sent bank valuations plunging, so if you're looking for cheap stocks, the banking sector is where you will find them.

And considering the tectonic shift that the banking sector has undergone since the crisis, Kirrage believes these depressed valuations are unwarranted.

Take RBS for example. Since the crisis the bank has been continually de-risking, selling off non-core assets, cutting costs and bolstering its balance sheet. As a result, today the bank is arguably in a stronger position than it has ever been before, but due to continuing legal issues, the shares are around 50% below where they were at the end of 2009.

The same can be said for Barclays. Shares in the bank are still more than a third off year-end 2009 levels, but today the bank has a much stronger balance sheet and hugely profitable core business.

During 2016 Barclays' core business produced a 4% growth in profit before tax to £6.4bn and a return on average allocated tangible equity -- a measure of bank profitability -- of 19.3% at the UK and 8% at the international level. Including nasties, return on tangible equity was 3.6%.

The issue of timing

The big problem here is timing. Even though these banks may look cheap now, they've looked cheap in one way or another since 2009, as so far there's been no recovery. Still, for the first time in nearly a decade, it now looks as if the environment is improving for banks.

Inflation is picking up, and interest rates are ticking higher, both of which should help improve profitability. As both RBS and Barclays trade at a price-to-tangible book ratio of around 0.8, there could be considerable upside on offer if the sector really is on the verge of a comeback.

Make money not mistakes

Nick Kirrage may believe in RBS and Barclays, but that doesn't mean you should as well. Before investing in any business, you should always conduct your own due diligence, failing to do so can cost you thousands.

[clond] 14/3/2017 14:50

What's the worse provision here - 2.2 billion agreed damages would be a fine result based on others.

[portside1] 14/3/2017 14:40

all will be done

[astol] 14/3/2017 14:23

All is not behind barclays especially the outstanding US mortgage case that Barclays are challenging.When this is resolved we could say Jessica can advise Barc can move fwd

[portside1] 14/3/2017 13:15

agm and jes to tell holders that all now behind barcs and clear road ahead

[cyberian] 14/3/2017 13:07

portside...excuse my lapse but "May 10 will be a good day for holders"...can you clarify, please.

[grahamite2] 14/3/2017 11:16

To my mind, Johnwise, that article is long on the problems facing investors, short on the specific appeal of Barclays. It also seems to me that a 153% increase in dividends wouldn't do much more than take us back to 2015.

I'm very grateful to you though, because I have been neglecting this share and needed to get up to speed quickly. Frankly I'm thinking about taking a 45% hit and having done.

[diku] 14/3/2017 10:50

porty...I believe you...but caps off would be nice..

[portside1] 14/3/2017 10:47

BARCS IS IN FINE FETTLE AHEAD OF ALL TARGETS MAY 10TH WILL BE A GOOD DAY FOR HOLDERS

[johnwise] 14/3/2017 08:00

Why Barclays could become an unlikely income ‘champion’

[bernie37] 13/3/2017 19:32

U.K. Banks Said to Seek Closer U.S. Financial Ties After Brexit
by Stephen Morris
13 March 2017, 00:01 GMT
TheCityUK forms committee to explore potential trade deals
Top executives from JPMorgan, Barclays leading efforts
Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter.

Top executives from the U.K. and U.S.’s largest banks have set up a group to foster closer ties in financial services between the two countries after Britain leaves the European Union, according to two people familiar with the matter.

TheCityUK, the industry lobby group, has created a steering committee led by managers at Barclays Plc and JPMorgan Chase & Co. to explore potential trade and investment deals after Brexit, said the people, who asked not to be identified because the efforts are at an early stage. Barclays Chairman John McFarlane, who also leads TheCityUK, is overseeing the project. The bank’s Chief Executive Officer Jes Staley is heading a U.S. subcommittee, while JPMorgan’s European Chairman Mark Garvin has a similar role in the U.K.

The committee is working with the U.K. Treasury and its financial services trade and investment board, the people said. It’s not yet clear what agreements will be pursued and talks are informal because the U.K. isn’t officially allowed to negotiate new deals until it legally leaves the EU, which has governed the U.K.’s trading relationships for the past 44 years. A spokeswoman for TheCityUK declined to comment on new committee.

Prime Minister Theresa May’s plan to pull Britain out of the EU single market has left London’s bankers fearful the U.K. capital will lose business to other financial centers inside the trading bloc such as Frankfurt, Paris and Dublin. To soften the blow, the government is seeking early guidance on what agreements may be struck with countries such as the U.S., Australia, Canada and South Africa. Banks appealed last year to the U.S., Japan, and other governments, to help them make the case for safeguarding London’s status as an international financial hub.

To read more about international lobbying efforts to protect London, click here

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Investment banks in London are increasingly concerned U.K. and EU negotiators won’t reach an agreement over what May has called a “phased implementation period” for Brexit, one of the people said. This would give firms an extra two to three years to restructure their businesses on top of the official two-year negotiation period under Article 50 of the EU’s Lisbon Treaty, which begins the exit process. The Prime Minister has promised to trigger Article 50 this month.

Michel Barnier, the EU’s chief Brexit negotiator, has said the bloc won’t discuss the future terms of British access to the single market, or any temporary transition arrangement, until progress is made on the U.K.’s so-called “divorce payment.” That could be as much as 60 billion euros ($64 billion) and has been opposed by British lawmakers.

Bankers have threatened to speed up applications for banking licenses for new subsidiaries inside the EU and start relocating staff and infrastructure from London if they are not told, soon after Article 50 is triggered, whether a transition agreement will be reached.

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[portside1] 13/3/2017 08:28

the subs went to the wrong people it was rigged . it stinks Heseltine is no more than a greedy pig and not interested in anything other than is bank account a slime bag at best

[alphorn] 13/3/2017 08:26

Porty - that is peanuts compared to the £2.5bn, yes billions, going into Cornwall from EU subsidies.
Who is going to make that up or will it become a wilderness???

[portside1] 13/3/2017 08:06

Heseltine nothampton news gets over £2000 aweek from brussels inland subs for doing nothing

[portside1] 13/3/2017 07:56

MANICS YES . a great week ahead