Barclays Share Discussion Threads

[chrisc168] 31/3/2009 16:46

GB, Barclays increased it's stake in MRP. MRP will be £1 very soon.

[bammbamm] 31/3/2009 16:41

GB, try the other way round.

[thetatrader] 31/3/2009 16:39

FTSE100 Closed Yesterdays Opening GAP.

[joe_public] 31/3/2009 16:39

FSA have arrested 2 people in connection with suspected insider dealing!

[leylandie] 31/3/2009 16:39

GB

Credit where its probably not due - I think he's a bit too knowledgeable every now and again to be still at school.

[gordonbrown] 31/3/2009 16:38

have I got it right that Meridian Petroleum have increased their BARC holding?

it would be great to see Paulson closing his banking positions, it would catch a lot of people out and send sentiment storming ahead.

[gordonbrown] 31/3/2009 16:35

think BLAP has internet access at his school

[leylandie] 31/3/2009 16:32

Is that right about internet in prison? I've thought for sometime that BLAP must post from prison, which is why he goes missing most days 9-11am - Exercise time....

[gordonbrown] 31/3/2009 16:27

Barclays will fly tomorrow on news of ishare deal close

update - Wenlynn possibly the best post of the day 8)

it will be interesting to see how many other nickname disappear when montyplank is lockup.

[wenlynn] 31/3/2009 16:27

Monty will be number 3245637 . . .
. . . trader !

[1224saj] 31/3/2009 16:23

Monty re post 18701, what does this mean in basic terms. TIA

[montyhedge] 31/3/2009 16:16

Can't hold 150p, glad I sold at 167p, not No.1 trader for nothing.

[wenlynn] 31/3/2009 16:10

I have just completed my monthly totting up.
BARC is up 58.46%.
That is good in any language.

Good luck y'all.

monty,
Don't forget to read The Independent tomorrow.
You're famous !

[1224saj] 31/3/2009 16:07

with the securities lending out of the matrix, does that help us?

[smurfy2001] 31/3/2009 16:06

GRIM REAPER 1, BLAP is that you or is that MONTYHEDGE?

LOL

[jibba_jabba] 31/3/2009 15:56

The decision by Barclays (LSE: BARC.L - news) not to participate in the government's Assets Protection Scheme (APS) was anticipated, and does not justify a further advance in the share price, reckons Panmure Gordon.

'By not participating in the APS, Barclays is leaving itself exposed to fat tail risks on its book - these will occur more frequently in an environment of sharply rising corporate default rates,' suggests Panmure's perennial banking sector bear, Sandy Chen.

Rival stockbroker Collins Stewart (LSE: CLST.L - news) gives a more positive reception to yesterday's APS announcement, though it has downgraded the stock to 'hold' after its recent good run.

Collins Stewart believes the 'thanks, but no thanks' decision means Barclays can satisfy the FSA stress tests without recourse to the APS.

'This has two effects: firstly, the bank can continue with its plan to pay (not just declare) a dividend in 2009. Secondly, it means the bank will remain outside majority state ownership and without major government control - both positives,' states analyst Alex Potter.

Potter notes that upbeat trading comments from Barclays yesterday means 'virtually a full quarter of strong performance', while the bank declined to quash rumours that the iShares sale could raise between £3bn and £5bn; Collins Stewart had previously suggested a £2bn price tag would be reasonable.

'We are certainly warming to Barclays for the medium term but the recent sharp move in share price seems unlikely to continue and we remove our trading call,' the broker said.

[christh] 31/3/2009 15:48

BCS up 4.5% in the US which is probably around £1.53 (someone expert on exchange rates, please).

[lrj] 31/3/2009 15:48

Barclays PLC

31 March 2009

BARCLAYS PLC

31 March 2009

Response to press comment

Barclays notes recent press comment regarding a possible sale of iShares. As announced on 16 March, Barclays has held discussions with a number of potentially interested parties.

We now have a preferred bidder, CVC Capital Partners. If these negotiations reach a satisfactory conclusion, it would lead to a sale of Barclays iShares business without the attributable securities lending business. Earlier speculation assumed the sale of both iShares and securities lending.

A further announcement will be made in due course.

-ENDS-

[informant] 31/3/2009 15:44

Two down days. Should be blue tommorow.

[jwe] 31/3/2009 15:41

JayWood-It looks like they are getting a decent price given the fact they are not selling it all and retaining 20%,but the detail needs to be seen.I also do not like that there is only one bidder left in.
I will be buying back in here(if price allows it!!)but feel there are going to be better opportunities than today
Ended DOWN in the auction-a poor performance today

[christh] 31/3/2009 15:41

Dissapointed did not make it to 165p but there will be another day tomorrow.
Hopefully the media and the brokers upgrades will lift the price tomorrow!