Barclays Share Discussion Threads

[wenlynn] 01/4/2009 07:48

adg,
I think oohrogerpalmer was taking the mickey out of the expert brokers (e.g. SG, Morgan, Sandy Sure) !
Hopefully we will be getting upgrades soon !

EDIT - I am wrong then !
There are much higher estimates around !

[oohrogerpalmer] 01/4/2009 07:46

Broker Views
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Show broker recommendations:
Show broker actions:
Date Broker name New Price Old price target New price target Broker change
31-Mar-09 Societe Generale Sell 148.00p 100.00p 46.00p DownGrade
31-Mar-09 Collins Stewart Hold 148.00p - - DownGrade
30-Mar-09 Keefe, Bruyette & Woods Market perform 149.10p - - Reiteration
30-Mar-09 Societe Generale Hold 149.10p 100.00p 46.00p Upgrade
25-Mar-09 Panmure Gordon Sell 123.40p 40.00p - Reiteration
24-Mar-09 CSFB Outperform 117.80p - - Reiteration
20-Mar-09 Morgan Stanley Equal-weight 105.00p 145.00p 90.00p Reiteration
16-Mar-09 Panmure Gordon Sell 90.90p 40.00p - Reiteration
11-Mar-09 CSFB Outperform 70.00p 110.00p - Upgrade
05-Mar-09 Panmure Gordon Sell 65.50p 55.00p 40.00p Reiteration
04-Mar-09 Nomura Underweight 86.30p - - Reiteration
25-Feb-09 Panmure Gordon Sell 105.60p 55.00p - Reiteration
12-Feb-09 JP Morgan Underweight 105.00p - - Reiteration
10-Feb-09 Panmure Gordon Sell 113.40p 55.00p - Reiteration
05-Feb-09 Collins Stewart Hold 100.00p - - Upgrade
03-Feb-09 HSBC Neutral 92.30p 170.00p 110.00p Reiteration
27-Jan-09 Evolution Securities Reduce 90.00p - - Reiteration
20-Jan-09 Panmure Gordon Sell 72.90p - - Reiteration

[lab305] 01/4/2009 07:45

What The Brokers Say
Strong Buy 5
Buy 2
Neutral 14
Sell 3
Strong Sell 3
Total 27

[wenlynn] 01/4/2009 07:43

Agreed !
Very tongue in cheek !

oohrogerpalmer - 1 Apr'09 - 08:18 - 18887 of 18911
Whilst all these expert brokers are giving out price targets ranging from 40p - 115p the big insti's are never going to buy in at current levels !!!

[lab305] 01/4/2009 07:42

oohrogerpalmer There are much higher estimates than those you quote. Deutche rates them at £2.20 for one. I can see why some get annoyed. There are is a string of misinformation on here mostly from short sellers or traders having sold. I notice the good guys post much less in the nature of they will make £25 bn this year or the share price will be £10 than the others.

[oohrogerpalmer] 01/4/2009 07:40

ADG ,
go away and do some homework before you slag others off !!

[wenlynn] 01/4/2009 07:40

BLAP's in a bit of a state this morning at his power breakfast with the senior fund managers in Threadneedle Street !
He doesn't know whether to order the Whopper or to smash the place up.

[oohrogerpalmer] 01/4/2009 07:39

Lab305
There are but the majority of them are way below current price.

I am long on these , in at 80p and 1.02 so i am happy with current price.
All i was saying is that i can't see them going much higher with current news and broker price targets.

[joe_public] 01/4/2009 07:38

"Barclays chief Bob Diamond says bank has capital to ride out storm"

reassuring words perhaps, but the problem is he can only guestimate how many people losing their jobs will default on their mtges and personal loans, not withstanding all the businesses that will fail, through no fault of their own and the knock on effect this will have....

sorry to sound negative, but we are in unchartered waters as they say

[adg] 01/4/2009 07:37

did I? - simple fact is that your statements were flawed;
1. why did you post incorrect broker target prices?
2. do you know that the major institutions are buying/not buying barclays?

I rest my case, you were wrong with your post so admit it

[carradj] 01/4/2009 07:36

Barc unchanged after half an hour....it's quiet...too quiet

[lab305] 01/4/2009 07:35

oohrogerpalmer There are much higher estimates than those you quote. Deutche rates them at £2.20 for one. I can see why some get annoyed. There are is a string of misinformation on here mostly from short sellers or traders having sold. I notice the good guys post much less in the nature of they will make £25 bn this year or the share price will be £10 than the others.

[wenlynn] 01/4/2009 07:35

Where's Smelgy ?
It usually about this time he comes for his daily humiliation !!

[oohrogerpalmer] 01/4/2009 07:33

You started it , i get annoyed with muppets like you that just totally slack off other comments just because they don't agree with them.

Thats the problem with BB's there are a lot of morons that spoil them !!

[joe_public] 01/4/2009 07:32

jwe, a realistic assumption but not good news for those long!

[abcd1234] 01/4/2009 07:29

re post 18888 above... here's the piece referred to:

~~~~~~~~~~~~~~~~~~~~~~~
The Times
1/4/09

Barrclays chief Bob Diamond says bank has capital to ride out stormIan King and Patrick Hosking
Barclays will not need to raise new capital for at least six months, Bob Diamond, the bank's president, said last night.

Mr Diamond, who runs Barclays Capital, the investment banking division, said he was confident that the bank had enough capital to withstand the deteriorating economy.

The timescale outlined by Mr Diamond is significant. If Barclays raises fresh capital before June, its backers from Abu Dhabi and Qatar would be entitled to receive a greater number of shares for the £7.3 billion investment they made last year without needing to stump up more cash.

The news came as Barclays confirmed that CVC Capital Partners, the private equity group, was the bank's preferred bidder for its iShares exchange-traded funds business.

Not included in the deal is the iShares securities lending business, the offshoot that lends shares to short-sellers and other clients, which had deterred private equity buyers because of the extra regulatory requirements it carried. The business could have raised a further £1.4 billion for Barclays had it been sold.

The sale is expected to be part-funded by a loan from Barclays itself. The bank will also receive warrants worth a fifth of the equity of iShares, giving Barclays a share of the upside should the business increase in value.

The price, although falling short of initial expectations of as much as £4 billion, still puts the fast-growing business on a multiple of ten times earnings before interest, tax, depreciation and amortisation.

Funds raised from the sale will be put towards bolstering Barclays' financial strength. The bank's Tier 1 capital ratio, a key measure of capital held on the balance sheet as a proportion of a bank's loan book, stands at only 6.7 per cent - well below that of rivals such as Royal Bank of Scotland and Lloyds Banking Group. This is likely to rise to about 7.2 per cent after the deal.

Mr Diamond said that the decision had been a tough one. He told CNBC: "This has been a very, very difficult decision for us in Barclays - it's an unbelievable business, iShares. We've grown it from a baby."

CVC, which raised a £10.2 billion fund last year, is understood to have beaten off competition from two rival private equity consortiums. One of these comprised Bain Capital and Colony Capital; the other was made up of Hellman & Friedman - the owner of City fund manager Gartmore - and Apax Partners.

IShares, which at the end of last year had £226 billion under management, is the world's biggest manager of exchange-traded funds - a basket of stocks that can be bought and sold like shares.


The Times
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[50plus] 01/4/2009 07:27

Look at the daily volume this is clearly being traded by the shed load so the drops and the rises are going to continue as long as there's money to be made!

[jwe] 01/4/2009 07:26

Regarding the Business Times Online article.It is not the best of statements from Bob Diamond that BARC will not need funding for a least 6 months.Whilst that does rule out(hopefully)any fund raising before the end of June it does raise the sceptre of dilution not long after.

[chancer] 01/4/2009 07:24

9th April looking GOOD for another rise.

Wait and See !

[car973] 01/4/2009 07:24

Still a longt term holder and depressed!!

[joemillion] 01/4/2009 07:23

In the blue (just)....