Barclays Share Discussion Threads

[isis] 12/4/2009 11:51

'Talented' - not sure calling a share to 40p and it goes to 180p is talented - I'd call it suicidal.

[hillbrown] 12/4/2009 11:41

Maybe he should spend a little time devising a scheme to rid Harrow and the country of the 10,000 somali's (plus the illegals) which currently put unecceassary pressure on Harrow public services. He's obviously a talented fellow. I'm sure a man of his background would know how to repatriate these lovely people.

[isis] 12/4/2009 11:18

When he left his Office the other Night I heard him distinctly say 'Arrow Crabby!'

[isis] 12/4/2009 11:14

btw - Sandy Chen lives in Harrow.

[bailiffs] 12/4/2009 10:00

Perhaps it's just that Gord and his mates fancy picking up another UK bank REAL cheap!

[hillbrown] 12/4/2009 09:56

I just have this suspicion that Barc has sufficient capital. The giveaway on this was the HMG stress testing.................

What are the minimum capital requirements and by how much do Barclays exceed them?

[sr2day] 12/4/2009 09:40

that would make sense paradoxically let barc pass stress test so that they decline asset protection.i do not trust HMG agenda.

[tenapen] 12/4/2009 09:29

It is absolutely imperative that the Government does not allow them access to the asset protection scheme. Barclays is now on its own."

A Barclays spokesman declined to comment.

[elssworth] 12/4/2009 09:25

The Prof remains convinced these will be falling back down towards 41p!
Baffling decisions have now left BARC on their OWN....further cash calls....funding their own sale??...what next???
Hope it helps
==============================================================
Investors break ceasefire over Barclays' Agius
Shareholders' anger at Barclays spreads

By Simon Evans
Sunday, 12 April 2009

Barclays chairman, Marcus Agius, faces renewed pressure to step down after representatives of leading shareholders broke a tacit ceasefire and called for his head last week.


Angry investors met bank executives on Thursday when they are understood to have indicated their intention to vote against the re-election of Mr Agius at the annual meeting on 23 April. "The recent share price rally might have placated some shareholders, but not us," a source close to the rebellion said. "The long-term concerns about Barclays remain. A change of chairman is needed."

Legal & General, the biggest investor in the FTSE 100, which holds nearly 5 per cent of Barclays, is already said to be planning to vote against Mr Agius.

Mr Agius faced considerable investor ire last November when Barclays shunned a traditional City rights issue, raising cash instead from Middle Eastern investors, the Qatar Investment Authority and Sheikh Mansour Bin Zayed al-Nahyan, a member of the Abu Dhabi royal family, on terms considered expensive by many.

Despite the fund raising, analysts estimate that Barclays will need a further capital injection of £17bn soon. Asheefa Sarangi, an analyst at Société Générale, said recently: "We struggle to be convinced that Barclays' business model and its risk-management abilities are superior enough to its peers to warrant operating with about 25 per cent less capital and 13 to 15 times more leverage."

The bank, which has axed more than 2,000 UK jobs in the past 12 months, had to lend £2.1bn to CVC, the private equity firm, to enable the iShares deal to go through. The deal was in part brokered by Lazard.

Barclays president, Bob Diamond, is expected to pocket up to £5m from the sale, which has already drawn an angry response from Vince Cable, the Lib Dem's Treasury spokesman: "It [the iShares sale] was not to enable a handful of extremely well-paid managers to line their pockets further. It is absolutely imperative that the Government does not allow them access to the asset protection scheme. Barclays is now on its own." A Barclays spokesman declined to comment.

[bailiffs] 12/4/2009 09:18

isis - you make me "larf" lol

[barkerman] 12/4/2009 09:14

SG aren,t they the ones that cut there forecast on Barc just as it went up lols.One of Sandy Chens mates.

[tenapen] 12/4/2009 09:07

Investors break ceasefire over Barclays' Agius

Shareholders' anger at Barclays spreads

By Simon Evans

Despite the fund raising, analysts estimate that Barclays will need a further capital injection of £17bn soon. Asheefa Sarangi, an analyst at Société Générale, said recently: "We struggle to be convinced that Barclays' business model and its risk-management abilities are superior enough to its peers to warrant operating with about 25 per cent less capital and 13 to 15 times more leverage."
Cont ...

[isis] 12/4/2009 08:09

These were $2.5 the other week - C'mon

BK OF AMERICA CP
(NYSE: BAC)

After Hours: 9.44 Down 0.11 (1.15%) 7:59PM EThelp
Last Trade: 9.55
Trade Time: Apr 9
Change: Up 2.49 (35.27%)
Prev Close: 7.06
Open: 8.15
Bid: N/A
Ask: N/A
1y Target Est: 12.14
Day's Range: 8.00 - 9.85
52wk Range: 2.53 - 40.65
Volume: 1,029,694,523
Avg Vol (3m): 428,166,000
Market Cap: 61.13B
P/E (ttm): 17.24
EPS (ttm): 0.55
Div & Yield: 0.04 (0.40%)

[isis] 12/4/2009 07:57

sr2day - If I told you in 1992 the Arabs bought 8% of CitiCorp @$7- a share and they were worth $110- a share 8 years later would you believe me?

[sr2day] 12/4/2009 07:47

i have to admit that to sell a profitable business during a downturn raises suspicion that something,somewhere is not right at barclays.although denied later the insinuation that they will not need to raise capital for at least another six months leaves the door open for a rights issue.i feel this is the danger to the sp,the fear a right issue which could come surprisingly as early as this month the share price being over the share price that the arabs paid.

[isis] 12/4/2009 07:46

I read Lehman shareholders are suing the Directors for $50billion which they reckon is the shortfall of the sale on their US business to Barclays??

Winners and losers everywhere here.

[jaywood] 12/4/2009 07:42

This deal for the larger part was the original deal plan if I remember rightly.

Then it was trimmed back to the bit that CVC have a bid in for now.

This go shop gives them chance to offer the original deal and see if anyone is interested.

What has happened to the Lehman stuff which was mooted as a bargain - can this be developed as a new business once a CVC type deal is done?



BTW Peston is only interested in one thing - PESTON.

[isis] 12/4/2009 07:41

You can larf about the sale of ishares, but don't forget Lehmans were a $75billion Bank 2 years ago and probably 4th on Wall Street.
Barclays were already coming up the Ranks 6th? and I expect them to be in the top 4 now.

Wait and see.

[olly1962] 12/4/2009 07:36

Is that another part of Barclays being sold off to raise capital??? Houdini Varley is certainly trying everything, I have decided to take profits from 70p as i am now worried that at some stage this will drop and maybe quickly on a snippet of bad news, its obvious they are trying everything to keep HMG away, can they keep it up?? I am not sure, and the risk v Big profits now is not worth it,

Good Luck to you all!!!!

[isis] 12/4/2009 07:36

Banks run a bit like Insurance Companies - if they lose on one thing they will just put up something else until they get it right.
It's Business.

[isis] 12/4/2009 07:34

rf - you're running out of ideas now are'nt you?
LOL

[robertfaulkner] 12/4/2009 07:21

This new "Bankruptcey" for £90 done on-line over the internet must be a worry for banks. Anyone with no assets and up to £15000 in debts can escape their debt over the internet. But their gain is a loss to the creditors mostly the banks that own the credit cards like Barclays Barclaycard.