Barclays Share Discussion Threads

[rafboy] 19/4/2009 11:06

gcom2 - Just for the record not all people who end their life are ill. Some are desparate, lonely, have a terminal illness causing great pain or even just see suicide as a better option than their current predicament. Also what may seem trivial to you can be the world to someone else. Take the loss of a cat for example. To you it may mean nothing but what if that cat had been bought by your partner as a final gift before they died? I hope you see my point. Before you ask how I know these things, yes I am a Samaritan! Regards.

[gcom2] 19/4/2009 11:00

Lord Lucan its obviously wound you up which shows by your foul language. adg swigs of what ? i'm completely sober, if losing 6k is going to make someone suicidal then dealing in banks in the middle of a credit crunch maybe not a good idea. maybe premium bonds would suit someone that unstable.

[adg] 19/4/2009 10:54

I would not be surprised if we see 300p sometime next week / week after, anybody agree?

as for gcom2- its amazing what a few swigs of Buckfast can do to people...... alcohol often brings out their true colours....

[psolomons] 19/4/2009 10:27

Expect an excellent trading update on Thursday. Just spotted this:-


Barclays will not give a full trading update until May 7 but nonetheless Mr
Diamond's Barclays Capital is likely to be the jewel in the crown.
Collins Stewart analyst Alex Potter said: "It is likely to have had a stellar
first quarter and recent press commentary from Bob Diamond appears to
corroborate this.
"We currently estimate net revenues for BarCap of #5.6bn in 2009 - rebounding
from #2.8bn in 2008."


If they mention dividends things could be very interesting.

[saltaire111] 19/4/2009 10:04

From today's Sunday Times:

A few months ago Marcus Agius would probably not have looked forward to the Barclays annual meeting that takes place this week. Institutional investors were still angry at the way the bank had hastily raised money from Middle East investors last year at the height of the credit crisis, trampling over their preemption rights and leading many to think the bank was suspiciously eager to avoid taking money from the British government as its peers had done.

Now, however, the bank's chairman can look forward to the meeting with a measure of equanimity. There will still be a protest vote – bank insiders expect about 10% of votes cast will be against the reelection of Agius as a director – but the feared rebellion against him and the rest of the board has not materialised. Barclays has weathered the storm, and its passing of a stress test by the Financial Services Authority last month was an important moment.

Since then it has further bolstered its capital position by arranging to sell iShares, one of its fund-management businesses, for £3 billion. As the anger in the City has abated, the bank's shares have risen. They are up 150% over the past month, outperforming the FTSE All-Share index by 130%.

There are also signs that the bank's first-quarter trading is going to follow the lead set by Goldman Sachs and JP Morgan, two American banks that had better-than-expected results last week.

John Varley, the Barclays chief executive, can't say too much this week ahead of a trading update in May, but he will indicate that the bank has had the good fortune to be in the right kinds of business at the right time – corporate bonds and other fixed-income trading, and has been able to use the absence from the market of its competitors to do keenly-priced loan deals.

If you take the solid trading at Goldman, JP Morgan and Barclays, throw in better than expected figures on Friday from GE and Citigroup, two of the firms worst hit by the credit crunch, and add in the other signs of green shoots (which we have put together in a new column on page 8) you might form the idea we could be starting to bid the recession goodbye.

Not just yet. Good trading figures from banks don't bring an easing of the pain being felt in the real economy. Unemployment is rising steadily and has further to go, and you would be hard pressed now to find an economist who does not think it will be past 3m by the end of the year. The big manufacturing employers in steel and carmaking are going through a dreadful time, and corporate failures, particularly in these hard-hit sectors, will rise steadily throughout the year. What green shoots there are stand out because the backdrop is still dark.

[toposstiger] 19/4/2009 09:58

I think I said 'near suicidal' in any case perhaps suicidal was too strong a word to use. Probably should have said in fear of my life from the other half, lol.

gcom2 it must be so rewarding to be such a highroller with no fear!

[palwing] 19/4/2009 09:55

gbh2.. Depends on your view on "suicide" I guess. However, your point on "cash you cannot afford to lose" is a valid one.

Either way, lets hope this rally continues and we all make up the loses most of us have made over the recent years. Good luck one and all...

[gbh2] 19/4/2009 09:47

To be fair I think the point was that one shouldn't become "Suicidal" over loss of cash (however much it is) which brings us back to the old adage that one shouldn't play the market with cash they cannot aford to lose!

[hulksmash] 19/4/2009 09:29

gcom2 - 18 Apr'09 - 23:34 - 22474 of 22487

£6k down makes you suicidal????? mate 6k is peanuts

--------------------------------------------

You are a d*ck gcom2

[smurfy2001] 19/4/2009 09:18

toposstiger,

Some people handle paper losses differently to others. I had that sick feeling when l was down on my portfolio. Thankfully i'm almost all blue now and overall my portfolio is in profit. I guess I'm lucky as l started to re-build my portfolio in October 2008, glad it was not earlier in the year!

Well played - you're in the money, just sit back and enjoy the rise.

It's a real rush!

[togglebrush] 19/4/2009 09:09

scruffydave - 19 Apr'09 - 09:15 - 22482 of 22485

See the link to the Press article in Post 22476.
The paragraph I gave was just an extract.

[palwing] 19/4/2009 08:17

toposstiger.. Well done matey. £6k is a lot to me too! Good luck.

Ill or not, some people here have no idea ......

[frankiestheone] 19/4/2009 08:16

In the USA, the housing market, a sector still seen by many economists as remaining at the centre of current global economic difficulties, is due to provide further data. On Thursday, existing home sales for March are due to be released. In February, secondary home sales showed an unexpected increase, rising by 5.1pc over the month. On Friday, data in relation to new home sales is due to be announced. Also on Friday, the latest durable goods orders data is due to be released. The data provides another insight into the health of the US manufacturing sector.

[scruffydave] 19/4/2009 08:15

toggle - could you provide some support for your judgment about the assett value in 2011?? Seems a bit vague to me.

Also, assets are the means to produce profits, and profits pay dividends.

[ejohn3] 19/4/2009 08:10

i went 106k down xmas eve felt very sick but not suicidal,

only 25k down friday close,

slighty excited now that i may get to an up position this week.

topped on a regular basis

[gbh2] 19/4/2009 07:58

"Not ill" but suffering from a complete inability to express yourself in written form, numpty!

[gcom2] 19/4/2009 07:51

if I lost everyhing, house,savings, shares, suicide would not even enter my head, because thankfully i'm not ill.
you pair of muppets.

[m power] 19/4/2009 07:03

gcom2 - 18 Apr'09 - 23:34 - 22474 of 22476


£6k down makes you suicidal????? mate 6k is peanuts



Ridiculous statement. As the poster was trying to point out, £6k is a fortune TO HIM... or did you miss that bit?

Personally I don't think I would have continued to average down if this was the case. The market is vicious and can take the unwary investor to the cleaners. In this case however it seems to have worked out- congratulations mate, just make sure you protect that capital now.

Toposstiger, if i were you I think

[togglebrush] 19/4/2009 06:34

Words of Caution:-

Barclays is trading at a 30pc discount to forecast tangible book value in 2011, adjusting for some mandatory convertible bonds. But the decision to pass on the Government's asset insurance makes it a far riskier bet. The large discount is warranted.

[rdlaing] 18/4/2009 23:05

Fractional Banking and the Federal Reserve System Explained!



Corrupt Banking System 01/05

[gcom2] 18/4/2009 22:34

£6k down makes you suicidal????? mate 6k is peanuts

[diku] 18/4/2009 22:28

Talking of base rates...I think they will be raised before end of year...to 1.50% - 2.00%...