Barclays Share Discussion Threads

[bernie37] 06/4/2017 16:39

Hello Share Trundlers. The real reason why Barclay’s (BARC) share price fell so sharply on its results is that the dividend was cut by more than a half. This whammy was compounded by the company’s forecast that this state of affairs would continue for a year or two.

All those institutions which rely on dividends to pay pensions and other incomes are very tempted to switch into companies which are maintaining present dividend levels and hopefully improving upon them. However lots of companies are cutting yields these days and so swapping out of Barclays is not always going to solve all pension problems.

For those of us who chose shares because they hope the stock price will improve, Barclays could now be a decent punt. The divi issue is very likely to have put the shares into the over-sold category. And oversold shares tend to rally fairly quickly. I hold some Barclay shares and will not be in a hurry to sell them. Maybe I’ll buy some more in a week or so.

Fortunately for me I sold most of my Barclays stock a year ago when I bought a new house. So my loss this week is small.

All bank share prices came down on Barclays results, but only for an hour or two. We must remember that the company did make a profit. In recent years, some banks have even failed to do that.

Barclays shares fell 11% after reporting a drop in full-year profits, a dividend cut and a restructuring including reducing its stake in Africa.
Underlying annual profits for 2015 fell by 2% to £5.4 billion. That doesn’t seem very much does it, chums?. Not in these terrible days for many businesses.

Barclays also announced a further £1.45bn provision for PPI mis-selling. Whether that provision will be fully drawn upon is doubtful, in my humble opinion.

The bank plans to restructure with two main divisions - Barclays UK and Barclays Corporate & International.

The company, which has its origins in Africa, also aims to slim down drastically its African operation. This will bring it more into line with the Lloyds policy of concentrating on the UK. The share price may be down 11%, as I write. But what i’ve already mentioned in this article does not make me think that kind of fall is at all justified. And I expect a pretty energetic bounce to follow.

I’m now going to make a recovery of a different kind with a pint in the Punter’s Return.


- See more at: hxxp://www.shareprophets.com/views/19117/dividend-slashed-but-i-m-banking-on-barclays-share-price-to-bounce-back#sthash.OQyiKoAN.dpuf

[bernie37] 06/4/2017 16:38

hxxps://shar.es/1QJCQt

[portside1] 06/4/2017 13:41

so why are the scots not kicking her out . I have several scots in my family but live down here and do not want to go back .

[bernie37] 06/4/2017 11:46

Nicola sturgeon dream since she was 15 has been for Scotland to be independent. It's not All the people of Scotland, it's her Dream.

[portside1] 06/4/2017 11:21

I am sick of hearing sturgeon let ever one in the uk vote on their departure I will vote for them to go , close the border and any scot in England made to either have a England pass port and no Scottish pass port and to work in the rest of uk a English passport . close all our businesses in Scotland , its time to shut them up for good we do not need them

[portside1] 06/4/2017 10:49

have not yet bought my wifes shares 120k waiting I almost bought at 214p but did not I may have made a blunder

[portside1] 06/4/2017 10:48

manics my tip the young master in my view a good thing

[smurfy2001] 06/4/2017 10:27

Waiting for DRIP

[manics] 06/4/2017 10:17

portside1: in terms of the NOV16 call you're 50% validated. You said then at 200p "250p" and we got 240p, so as good as.

[portside1] 06/4/2017 09:39

manics all is well I am happy to see it drop a little more I want to buy more .

[diku] 06/4/2017 09:36

The move from 180p to 240p was a bit spectacular within a short period....wonder if that move is in the process of unwinding...

[manics] 06/4/2017 08:23

Does it matter when this community is under absolute assurance from portside1 that 300p will arrive by June/July (possibly sooner, as he said)?

[spoole5] 06/4/2017 08:07

This chart is turning into a shorter's paradise!

[mj19] 05/4/2017 18:56

Next year it's 10 years since the financial crash and Barc doesn't seem to get away from the SFO and the DOJ!!! Investigators

[bernie37] 05/4/2017 15:04

Barclays is to claw back most of the £27 million owed from the controversial pre-pack administration of Agent Provocateur, while suppliers are set to miss out on about £20 million.

Unsecured creditors have been left with an estimated debt of £20.7 million and are set to receive 2.9p in the pound, according to documents filed at Companies House by Alix Partners, administrator to the lingerie chain.

It compares with Barclays, Agent Provocateur’s lender, which is in line to suffer a small shortfall, the administrator’s proposals show.

[bernie37] 05/4/2017 13:51

Nice bounce up

[bernie37] 05/4/2017 11:51

Received dive

[smurfy2001] 05/4/2017 11:45

Dividend received.

[spoole5] 05/4/2017 11:26

Big fines coming on two fronts. No wonder the shares are under pressure. No one factored this in a few months back. Reality hitting home.

[mbmiah] 05/4/2017 10:34

Verbal diarrhoea comes to mind

[portside1] 05/4/2017 09:40

if barcs is found guilty by the sfo on the Qatar deal then all those that lost money on Lloyds deal with hbos via the BOE not informing he city and investors in Lloyds of hbos being bust and being kept by billions of tax payers money
then my solicitor tells me then we have 100% chance to sue the boe for our money back

[portside1] 05/4/2017 09:30

KEN THAT IS WHY OUR COUNCIL TAX IS THE HIGHEST IN THE AREA TO PAY TO KEEP IT CLEAN AND TIDY THE REST OF THE AREA IS NEVER TOUCHED .

I NEVER SHOP OR DRINK OR EAT IN THE BRIDGE LOCALS GO OUT OF VILLAGE