Barclays Share Discussion Threads

[isis] 12/4/2009 06:02

'We've hit the bottom' says Anthony Bolton
Anthony Bolton, the veteran stock picker, believes the market has hit the bottom, despite the FTSE 100 falling back below 4000.


By Abigail Townsend
Last Updated: 7:24PM BST 11 Apr 2009

FTSE 100

The well-respected Mr Bolton, president of investments at Fidelity International, said that although the recent rally had come to a halt, underlying conditions had not changed. These include an increase in director dealing and negative consumer confidence – in other words, sentiment is so poor it has nowhere else to go but up.

He also pointed to positive economic indicators like an increase in China's official purchasing managers' index last month.


The FTSE 100 has jumped since the beginning of March, moving from around 3542 to a high of 4124 in early April. But in the last week it has started to fall back again, going as low as 3925.

A stronger session on Thursday saw the market close for Easter in positive territory, the first time since April 2, ahead 58 points at 3983. Bears remain convinced the rally was little more than a "dead cat bounce" or bear market rally.

But Mr Bolton remains unfazed. His beliefs were underlined by a survey from his firm that found investing when consumer confidence is at a low point, such as now, can generate an average of 13pc more in annualised returns.

He did, however, concede that conditions would remain bumpy for the next few months. "The market recovery won't necessarily be in a straight line and we'll still see some ups and downs, the pattern we have seen recently."

[bailiffs] 11/4/2009 22:28

I wonder if Ken has noticed that for the first time in over a month, the 4wma has crossed the 9wma?

[smurfy2001] 11/4/2009 21:23

madoff with cash, you thief!

Hope you stay in jail for a long time.

[qantas] 11/4/2009 21:15

madoff you have no hope with that name.

[madoff with cash] 11/4/2009 20:17

another round of capital raising to come. enjoy the ride, bulls, while you can. but the problem is not over and you should take this opp to sell.

[bammbamm] 11/4/2009 19:29

Off thread. In the US, I wonder if the change in mark to market inflated Wells Fargo numbers? Or was the change too late? More banks reporting next week and futures expiration.

[diku] 11/4/2009 17:03

So some of the bosses are in line for bonuses due to the sale of Ishare...wonder why they decided to sell this particular assest?...is it because it was easy to dispose of...under the circumstances or the bosses would be in line for bonuses...make up for loss of income from last year...are all the individual assests linked with bonuses!...

[mack7heknife] 11/4/2009 16:41

leylandie your right it is confusing .

[bailiffs] 11/4/2009 12:22

Mr Mark Sloane esq - 1 Mar'09 - 23:59 - 5896 of 20947

Oh dear, dow below 7k pts,i fear the worst for the banks.





...and that's it folks! You see, the market IS driven by fear.......and GREED.

Watch out.

[humsaz] 11/4/2009 12:14

Toxic debts racked up by banks and insurers could spiral to $4 trillion new forcasts from IMF. They said in January that its expected the deterioration in US originated assets to reach $2.2 trillion by the end of next year, but it is understood to be raised above $3.1 trillion in its next assessment of the global economy.

[leylandie] 11/4/2009 11:46

mack7

Barclays are BGI's main shareholder, so the dividend will shore up the balance sheet, the article is accurate if confusing.

[mack7heknife] 11/4/2009 09:29

"BGI is expected to distribute the cash from the sale to its shareholders in the form of a dividend'."


mmm maybe some but the bulk will shore up the ballance sheet , where do these folks get there information from ?

[dorset64] 11/4/2009 09:22

'As head of Barclays Global Investors, the bank's fund management division, Mr Diamond is one of the beneficiaries of a compensation scheme that has given BGI employees shares and options over as much as 10.3 per cent of the division's equity.

BGI is expected to distribute the cash from the sale to its shareholders in the form of a dividend'.


Nice!!

[jaywood] 11/4/2009 08:22

christh......absolutely!

[christh] 11/4/2009 08:15

FACT
----------------

UK NEVER PROSPER UNDER LABOUR

YOU CAN NOT TRUST LABOUR WITH THE ECONOMY!

[martin44] 10/4/2009 21:57

Good news on the way.....

OBAMA SEES 'GLIMMERS OF HOPE' ON ECONOMY

President Obama sounds an upbeat note after meeting with top economic officials on the nation's economy, citing a boom in demand for mortgage loans and refinancing, and a thaw in some credit markets, including the market for some federally backed small business loans.

[manfromuncle jab] 10/4/2009 21:44

isis- I'm really glad I got out yesterday and sold out with a t20 ..few!:-)

[isis] 10/4/2009 19:01

Shock, Horror - not a US Class Action!
LOL

[nfranks] 10/4/2009 18:25

and not forgeting other banks that have invested in Barclays.



SMFG 'Reality Check' Hints at Cracks in Bank Capital

"Bad Loans

The bank, which wrote down 53.2 billion yen on its investment in Barclays"

I think that's about 362 million quid. (depending on how many zeroes in a billion) but perhaps they'll be reversing the write down (write up) if the recovery in share price continues!!!

[isis] 10/4/2009 18:15

I agree that these times do present opportunities but spare a thought for those who have lost their life savings and pensioners that have seen their investments nearly wiped out.

In all honesty I'm up on the Banks, but no thanks to NL.

[isis] 10/4/2009 17:36

Personally I don't blame Peston, he is just another NL Puppet.