Barclays Share Discussion Threads

[jordaggy] 13/11/2017 04:31

If you missed it - Davis.

[johnwise] 12/11/2017 13:19

The UK Youth Climate Coalition report from the Bonn climate conference on Barclays’ presence.



Climate Change in 12 Minutes - The Skeptic's Case

Video

[daim1] 12/11/2017 08:14

I'm another one who's pretty miffed with smart investor too.

How long will it bloody take to settle down I wonder!

[diku] 10/11/2017 19:57

It begs the question so what are the other insiders doing?...

[bernie37] 10/11/2017 16:44

Barclays Fine Slashed in U.S. Settlement on Power Manipulation
By Naureen S Malik
7 November 2017, 20:42 GMT
U.S. regulator agrees to $105 million, down from $470 million
Closely watched enforcement case has made traders more careful
A U.S. regulator agreed to let Barclays Plc pay $105 million to resolve claims that the bank manipulated western U.S. electricity markets, avoiding a trial over a proposed record penalty more than four times as high.


The deal ends a court battle over a $470 million fine by the Federal Energy Regulatory Commission tied to an alleged scheme in 2006 through 2008 for making money-losing physical bets to reap profits in financial positions. Under the terms of the agreement disclosed Tuesday by the agency, Barclays will pay a $70 million civil penalty and forfeit $35 million in proceeds from its conduct. The bank isn’t admitting or denying wrongdoing.

The London-based bank’s challenge to the fine has been closely watched by the industry because it was the first such case filed since the energy regulator’s authority to fight manipulation was strengthened in 2005. The oversight push came in the wake of the western U.S. crisis that culminated in blackouts for millions of people and Enron Corp.’s bankruptcy.


While the settlement will deprive the industry of a precedent-setting ruling by a judge on what constitutes manipulation, the five-year fight between Barclays and the regulator has made some traders more cautious.

“It seems to be a pretty successful reduction from Barclays’s point of view, but it’s still a sizable recovery for FERC,” said Ken Irvin, a lawyer with Sidley Austin LLP in Washington who isn’t involved in the case. “It definitely informs behavior and it changes behavior. Even the traders’ economics are impacted by the investigation.”;


In 2012, when FERC initially disclosed its allegations against Barclays, the commission proposed a stunning punishment totaling $487.9 million for the bank and four traders. In September, ex-trader Ryan Smith, who allegedly boasted of disrupting the market in a 2006 expletive-laced email, won dismissal of the $1 million fine he faced when a judge agreed that FERC waited too long to bring its case against him.

“I think once the Smith decision came out, it was inevitable that FERC would have to reduce its damages and civil penalties significantly,”; David Applebaum, partner at Akin Gump Strauss Hauer & Field LLP who previously served as director of investigations with the commission’s office of enforcement team.

As part of the deal, $20 million of the bank’s payment will go to a low-income residential energy assistance program in Arizona, California, Oregon and Washington.

[bernie37] 10/11/2017 16:34

Barclays has been a disappointing place to invest in 2017. The company’s share price has fallen 20% this calendar year, but this could make it a more appealing place to invest in my view. The company has a prospective P/E of around 9 using 2018’s forecast EPS, and I think this may be too low. With much of its restructuring now completed, a turnaround could be ahead for Barclays in my opinion.

[bernie37] 09/11/2017 19:10

Just been looking at fmi,for my next investment
Roche Holdings acquired more than 50% ownership of Foundation Medicine in 2015 and since then the relationship has been governed by a stand-still provision preventing Roche from making changes to its stake. The stand-still provision expires early in 2018. At that point, Roche could sell shares, or make an offer to Foundation Medicine to increase its stake.

Given the growth runway ahead of Foundation Medicine, I'd be surprised if Roche sells. Exiting Q3, Foundation Medicine is guiding for $135 million to $145 million in sales and 64,000 and 66,000 tests for the full 2017 year. For perspective, sales were $116.9 million in 2016, and clinical test volume exited 2016 at an annualized quarterly pace of about 52,000.

With revenue accelerating and catalysts ahead, Foundation Medicine finds itself in a very good position to reward investors as it taps into what it expects to be a $12 billion to $15 billion per year market. Given that backdrop, it's one personalized medicine stock that investors shouldn't ignore.

[manics] 09/11/2017 18:54

I reported (and shared my view) on this 5 weeks ago:

Manics - 02 Oct 2017 - 08:13:19 - 123485 of 123968 ACTIVE BARCLAYS TRADERS CLUB - BARC
Only at Barclays imo:

"Barclays is seeking to delay the case, which is set to go to trial in January, as it believes it could prejudice separate criminal proceedings being brought against it by the Serious Fraud office."

The great guys at Barclays don't want one honest mistake to make it look like another honest mistake wasn't an honest mistake.

...and so one poor Barclays supplier learns the hard way that this stalwart of an industry built on confidence, apparently has to be dealt with using CIA* commercials.

Absolutely woeful imo.

*davew28: Cash In Advance

[alphorn] 09/11/2017 16:51

FT just reporting that "Trial in $1bn lawsuit against Barclays postponed until October 2019. A $1bn lawsuit against Barclays due to go to trial in January must be put on hold to stop prejudice to a criminal trial in which the bank and its former chief executive are defendants, a court has ruled".

[capricious] 09/11/2017 12:04

Which part of Hull was that again... opens google maps route planner.


Haven't posted on here for a long time, is it my imagination, or has this thread become a lot more quiet? It used to get loads of posts everyday?

[diku] 08/11/2017 23:11

Is this heading for a quick visit to 160p?...

[scobak] 08/11/2017 20:16

Bloody hell Manics. You must have worked in Hull as did I several years ago.
Your description is so accurate regarding the 'pattie slappers' It was and
probably remains part of the tourist scene.

[fjgooner] 08/11/2017 19:16

The way they've treated us customers in 2017, 14X seems fairer.

[smurfy2001] 08/11/2017 17:10

I'm waiting for 15x because l just think it will get there when the fine is announced.

[portside1] 08/11/2017 16:20

disallowed

[portside1] 08/11/2017 16:19

monza just scored what a great bet

[portside1] 08/11/2017 15:49

pro just scored come on Monza

[portside1] 08/11/2017 15:47

manics I did some football 5 up now playing my last game pro Piacenza vs ac Monza
all they need to do is both score 10mins played

[manics] 08/11/2017 09:53

The Bird keeps dipping talons into 17X and apparently likes it. They might well trap door it to 160 imo. Time will tell imo.

[manics] 08/11/2017 09:48

portside1: look at the AGM polls though. Big insti's are applauding the failure. Directors are boasting 97-98% approval:



The board are kicking back taking the cheques and bonus all the way imo. Why should they change or care? This in part is what makes BARC so easy to predict imo.

[portside1] 08/11/2017 09:39

why have the fund managers and non DIRECTORS NOT DONE THEIR JOB WHY HAVE THE FCA NOT ASKED THESE DIRECTORS WHAT THEY ARE THEIR FOR ,THEY ARE THEIR TO PROTECT INVESTORS

MANICS I now think its time to boot these directors out 15 weeks till full results

barcs directors dead get them out

[portside1] 08/11/2017 09:35

MANICS , you are correct , what is truly amazing is our so called chairman so is he dead nothing in the death column , mc farlane is a complete dud the silent dead

he as no shame . the lady on cnbc warned investors that he was a useless dud she was spot on , he is going next year before agm will jes be going as well

[manics] 08/11/2017 09:21

More unrelenting truth unapologetically posted by me. I'll concede the Bird put up more of a fight than I thought it would or could, but here we are.

Manics - 31 Jul 2017 - 11:52:30 - 122768 of 123952 ACTIVE BARCLAYS TRADERS CLUB - BARC
If 200p plops (as I believe it will) then BARC will be 'invited in for coffee' with 180p imo.

Months of warning then, in synergy with the Barclays Stockbrokers disaster (where I offered readers 8 weeks warning to transfer accounts).