Barclays Share Discussion Threads

[portside1] 25/10/2017 10:20

MANICS DID YOU BACK MY TIP YESTERDAY

[manics] 25/10/2017 09:12

Just look at the DOW dragging the international embarrassment that is the FTSE up kicking and screaming every point.

London still thinks it's a Master of the Universe when all anyone does in the City is sit around scratching their nuts waiting for the DOW to open.

It's pathetic imo.

As I've said here before, just a few years ago, FTSE used to track DOW a nudge over 50% by points (so would be around 12500 now with 24k DOW). Instead it's 7500 and so less than a third of the DOW on points.

[portside1] 25/10/2017 08:25

low interest rates have destroyed people saving the crises is a time bomb
and the gov is now at last concerned at the problem
but who would save to lose money ,

[johnwise] 25/10/2017 07:33

Barclays May Face Investor Jitters on U.S. Credit-Card Defaults

Barclays Plc’s Jes Staley may need to reassure investors on two fronts when the bank reports third-quarter results on Thursday.

[johnwise] 24/10/2017 16:05

Wealth Destroyer

Stealing YOUR pension? Older workers face HUGE 20 per cent CUT in Hammond's latest plot

[ny boy] 24/10/2017 16:01

Creeping up a bit faster now, snail status now.

[portside1] 24/10/2017 15:33

grah only 15 weeks for that answer , in my view will will get a big rise over the next 6 months

[portside1] 24/10/2017 15:30

manics it won 9.2 I took 7.1 tomorrow cliffs of capri

[grahamite2] 24/10/2017 14:58

Not only is the dividend shocking, it's half what it was 2 years ago. So by contrast with Lloyds, say, this company is going backwards. I struggle to see the attraction.

[portside1] 24/10/2017 13:24

tomorrow cliffs of capri my nap of the month

[portside1] 24/10/2017 13:06

manics today Newcastle 15.10 beatbox rhythm took 7.1 50 ew

[johnwise] 24/10/2017 12:16

No Bitcoin in UAE, Warns Central Bank

The UAE Central Bank has warned about the use of cryptocurrency, including Bitcoin, saying it did not issue a license to allow the currency in the local market.

[johnwise] 24/10/2017 11:29

Barclays May Hire More Traders as CEO Embraces Risk

Barclays Plc is considering a push into riskier debt trading and a return to dealing in complex credit products in the U.S., according to a person familiar with the strategy.

[portside1] 24/10/2017 08:47

manics no thought it was a cert

[jordaggy] 24/10/2017 02:30

Interesting Bernie.

[dr biotech] 23/10/2017 20:15

Trump draft dodging coward



Has he said how he would pay for the tax cut that would save his familly 500m yet?

[bernie37] 23/10/2017 20:04

Barclays shares rise on Berenberg upgrade, Trump tax cut plans
Share
15:03 20 Oct 2017
Barclays has the "most attractive" UK business among its peers, according to Berenberg
Barclay
Barclays will be a major beneficiary of planned US tax cuts
Barclays PLC (LON:BARC) shares gained as Berenberg upgraded the stock to a ‘hold’ rating from ‘sell', saying the quality of the bank’s UK business has been “overlooked221; as investors avoid assets in the nation due to Brexit uncertainty.

Berenberg said it believes Barclays has the “most attractive” UK business among its peers because it has grown “counter-cyclically” and benefits from “superior̶1; risk-adjusted margins and a low cost income ratio.


While the UK business is “best-in-class and is cyclically well-positioned̶1;, its strength is diluted by the lender’s wider strategy, Berenberg added.

“In particular, we believe the decision to prioritise the growth of the investment bank (IB) over dividends is a strategic misstep,” Berenberg said.

“In the short-term, capital returns must take priority. Longer-term, a break-up of Barclays would unlock the discount to TBV (tangible book value).”

Barcalys shoud divest in investment bank and US cards unit, says Berenberg

On its argument for a break-up of Barclays, Berenberg said synergies between IB and the UK retail and Barclaycard businesses are limited, particularly given structural reform.

“Divesting the IB would allow greater balance sheet certainty and for each business to be valued on a true multiple,” the broker said, leaving its target price at 200p.

“Sale of the US cards business could also release capital and unlock value.”

Since neither strategy is likely in the near term, these options are not reflected in the current share price, Berenberg said.

Conduct costs could weigh on TBV growth

The broker expects about 3.5% annual growth in TBV from 2017 but said its estimates are “far from certain” given the group’s pending conduct issues.

It predicts conduct costs of US$3bn related to the mis-selling of mortgage-backed bonds in the US along with a £500mln settlement with the UK Serious Fraud Office on charges of fraud over the way the bank raised billions of pounds from Qatari investors enabling it to avoid a government bailout during the financial crisis.

Such costs would extinguish the bank's TBV growth, Berenberg said.

“Without meaningful dividends or sustainable TBV growth, we see little reason to buy Barclays,” it said.

“However, with the stock trading on 0.69x our 2017E TBV and considering the strategic options available to management, we believe risks to Barclays’ current share price are increasingly evenly balanced.”

Barclays, which reports its third quarter results on Thursday, saw its share price rise 1.6% to 195.15p in afternoon trading.

Trump's tax plan provides another lift to Barclays shares

Shares were also supported by news that the US Senate approved a budget resolution for the 2018 financial year that will pave the way for tax cuts.

US President Donald Trump called out senator Rand Paul, who said he was "all in" for massive tax cuts even though he was the only Republican to vote against the budget measure a day earlier.

“The Budget passed late last night, 51 to 49. We got ZERO Democrat votes with only Rand Paul (he will vote for Tax Cuts) voting against,” Trump wrote on Twitter.

Barclays is expected to be the biggest beneficiary of lower US taxes among major UK banks since it has the highest US contribution to group earnings.


TOP STORIES

picture of London UK Commercial Property Trust sitting pretty outside the City

[manics] 23/10/2017 17:15

Dakota just placed third. Did you have it on the nose? 7/1 at the off.

[portside1] 23/10/2017 15:57

Windsor today I have had a good bet on Dakota city 4.1 I like this a lot
but dyor