Barclays Share Discussion Threads

[trader2] 10/6/2019 08:56

BARC Smart Investor platform down this morning. Always happens after system upgrade work at the W/E.

[jpjohn1] 10/6/2019 07:58

I have the FT 100 coming in at about + 34 to start with

[rasl5] 09/6/2019 11:20

DerrickTrotter : i am using barclays for last 20+ yeares ,( i had account with charles shwab that was taken over by barclays )£6 per trade + monthly fees , Barclays Price Improver save me more then monthly fees , i have tried almost all other brokers but overall barclays is best for me .

[portside1] 08/6/2019 19:53

Their is something wrong for all this hype by Staley and co Yet we go nowhere ,Is Staley being honest ,About the results are they being managed to look better than they are ,In July their must be good answers to this question

[jpjohn1] 08/6/2019 16:31

Like you bernie I am optimistic here . Like to see this heading towards the 170p mark. Out of the FT 100, Barclays have one of the best ratings out of any of these companies, they can't be all wrong

[bernie37] 08/6/2019 16:20

Fingers crossed

Our position today

Barclays is now through the period of necessary restructuring and the significant associated costs. Our diversified business is stable and well positioned for current and future market conditions, and we have a seasoned management team delivering improving performance and returns. With the costs of restructuring behind us, we are beginning to generate improved and sustainable returns and distribute excess capital to shareholders. The quality of our earnings is the result of a deliberate choice to maintain diversity in our revenue streams, based on an understanding of structural changes in our sector, and the need to weather cyclical economic forces.

Today, we are on track to reach our RoTE, Capital and Cost targets for 2019 and beyond. Excluding litigation and conduct, in 2018 our Group RoTE was 8.5% and our earnings per share (EPS) have grown from 3.8p in 2014 to 21.9p in 2018. Our 2018 at 13.2% our CET1 ratio was at our target of around 13%. Costs were within our guidance range of £13.6-13.9bn.

Through our creation of Barclays Execution Services (BX) with its lower operating costs, we are able to increase our investment in key areas including technology, security and controls, while simultaneously reducing our costs and our cost to income ratio. As our overriding priority for 2019 and 2020 is the attainment of our returns targets, we are also able to flex our investment to a degree to support our RoTE targets if the environment requires us to do so.

Returning capital to shareholders continues to be a priority for us and we will pay a dividend for 2018 of 6.5p, which is more than double the amount paid in 2016 and 2017.
It is our firm intent to return a greater proportion of our earnings to shareholders over time, and we believe that the effective application of our strategy is critical to achieving this.

[jpjohn1] 07/6/2019 17:05

Disappointing day here with FT 100 up so wellAt least we finished positive on the week going up 1.72p or 1.15% . The FT 100 was up 170.24 points High for the week 153.52p and Low 147.50pOnly Broker comment was Goldman, they put a Neutral and a TP of 200pOut of the 17 Brokers covering BarclaysBuy 10, Hold 6, Sell 1 and a consensus of 216.79 ( it does seem miles away at the moment )Have a good weekend all

[sasbod] 07/6/2019 17:02

In the old days to become a director you had to work hard, these days you get a loan from Bank of America and buy your way in, guess it's all down to your credit score.

[sasbod] 07/6/2019 17:00

Reckon Bramson must be forced to sell down his stake at some point...

[claret dragon] 07/6/2019 16:23

150P Still undecided if this one is massively undervalued or about to plunge!!

[smurfy2001] 07/6/2019 16:17

bernie37,

Unfortunately the number of shares in issue has more than doubled. Barclays continue to dilute existing share holders to this day due to how they issue the dividend (scrip).

Barclays need to stop diluting and buying back/cancelling the shares and reverse the dilution.

It's an uphill battle otherwise.

[billbailey1] 07/6/2019 15:54

As mentioned earlier today it really would seem that Barc is being held back for some reason, it normally follows the footsie but not today

[diku] 07/6/2019 15:48

Hence Barc should merge with STAN...insiders should smell the coffee...

[porsche1945] 07/6/2019 14:22

What a dog Barc is, needs putting out of its misery. Brexit has destroyed UK bank shares (Hsbc makes all its money HK and SE Asia) like the rest of the UK economy really.

[diku] 07/6/2019 13:58

porty...I want Barc to go up up up...but there just doesn't seem to be any momentum...it just wants more down then up at every opportunity...

[bernie37] 07/6/2019 13:56

Here’s a number that shocked me. Barclays’ share price now trades lower than it did exactly a decade ago. Quite a lot lower, too.

On 6 June 2009 the share price topped 263p. At time of writing, 10 years ago to the day, it trades almost 40% lower at 152p. The stock has endured its share of ups and downs in that time, but the overall trajectory has been down.

Decade of doom

Everyone knows the 2007 financial crisis destroyed banking stocks, even if Barclays avoided a bailout, but what astonishes me is that the decade since has been so damaging. It is down another 22% in the past year alone. Investors (including me) who thought it was ripe for a recovery as it shrugged off past misdemeanours and rebuilt its balance sheet got it wrong.

Which is weird because there are so many things about Barclays that look right. The swingeing mis-selling and regulatory penalties are retreating, and there will be another step in the right direction when the claims deadline for the PPI mis-selling finally hits on 29 August.

Profits up

Its Q1 results showed the bank turned a pre-tax profit loss of £236m one year ago into a £1.48bn gain, although this was largely down to fewer bad debts and conduct charges, rather than improved underlying trading. Its full-year net profit in 2018 was £1.4bn, turning round a 2017 loss of £1.92bn (the proviso here is that 2017 saw a one-off £901m write down due to US tax reforms).

The big banks have notoriously complicated accounts making them hard to gauge, but the upwards direction of travel seemed clear.

Cheap and yielding

Barclays has a 2018 core capital ratio of 13.1%, unchanged from the year before. Its valuation looks compelling, as it trades at just seven times forecast earnings, roughly half the 15 times generally seen as offering fair value. Its price-to-book value is just 0.4. Dirt cheap, in the jargon.

Plus you now have the prospect of a healthy dividend income stream too. Barclays currently yields just 3% but this is forecast to hit 4.8% this year and 5.5% in 2020. Even then it will be generously covered 2.9 times by profits, City analysts reckon.

Yet still it falls!

The B-word

Naturally, there are reasons for its troubles. One of them is Brexit. Barclays recently set aside a £150m Brexit provision, yet the overall cost must be far greater as the UK economy slows. This is a problem as the bank now has a far greater domestic focus, while corporate and investment bank Barclays International continues to disappoint.

The penalties still come, as Barclays is one of five banks fined a total €1bn by the European Commission for questionable foreign exchange trades between 2007 and 2013.

Then there is the wider worry of a global economic recession. That would lead to a surge in bad debts, and possibly more interest rate cuts, making it even harder to repair net interest margins.

I would still buy Barclays stock at today’s dirt cheap price, but with one proviso. Aim to hold it for at least 10 years and keep reinvesting those dividends until it finally comes good. It must climb one day, mustn’t it?

[portside1] 07/6/2019 10:39

Can not understand why barc is not over 225 It appears they are being kept down ,

[portside1] 07/6/2019 10:03

Diku all will come good do not be short of shares plus the div

[diku] 07/6/2019 09:56

Now Barc market cap is higher than RBS though not much difference...few weeks ago it was the other way...

[portside1] 07/6/2019 09:55

If I am lying tell them to charge me with mis information Some gardens are so bad you can not see the bottom windows for bags of rubbish

[portside1] 07/6/2019 09:53

In the last 3 years immigration as all most trebled , that is the real fact , their are more Africans now in Telford ,and only arrived in the last 18months do not speak English , they are housed in all the rough housing areas ,I walk though some times to see what is happening it's rough gardens over grown Rubbish every were , if you do not believe these facts phone Wrekin council and ask why their is so much rubbish on Woodside brookside its a tip . They will say they are private landlords who do nothing And privatively rented .So I said so they do not get housing benefits ,Yes but we can only do so much I say you do nothing to sort out the litter every were

[diku] 07/6/2019 09:13

They do come with a hefty product fee on BTL...

[diku] 07/6/2019 09:10

porty...good to hear you are drink free...

[alphorn] 07/6/2019 09:02

Most recent stats on Telford. Obviously changed since then portside: