Barclays Share Discussion Threads

[portside1] 12/2/2020 19:07

What is being held back on the coved 19 what has Canada have to do with China on this issue .We are not being given the real facts .On the source of this virus

[diku] 12/2/2020 18:31

Will the £1.1 billion cover the PPI or more claims outstanding?...

[bernie37] 12/2/2020 17:11

Expectations:
Pre-tax profit +5.2% £6 billion vs £5.7 billion (same period last year)

[bernie37] 12/2/2020 17:10

Barclays is the first of the UK big 5 banks to report full year figures. With the PPI deadline firmly in the rear view mirror, Barclays will be hoping to unveil a lift to annual profits when it reports on Thursday.

[bernie37] 12/2/2020 17:08

Barclays last updated in October when it announced a further £1.1 billion to cover PPI claims and as it warned on the outlook for 2020.
Since then the playing field has changed, but some headwinds remain. These results will be key to shed light on the direction that the bank is traveling in.

[bernie37] 12/2/2020 17:07

Over the last three weeks Jefferies and UBS have reiterated their “buy” rating on Barclays, both upping their target price to 252p and 195p respectively. From Monday’s close those target prices imply upside to the tune of 43% and 10.7%.

[portside1] 12/2/2020 16:21

Only 8mins left to sell

[portside1] 12/2/2020 16:20

The share price says we will get good up date

[klotzak] 12/2/2020 15:42

Potty, being unhappy is one thing, but what will you do about it? JES probably isn't taking calls from Walts for the next week or so.

[portside1] 12/2/2020 15:27

Jordaggy good luck .

[jordaggy] 12/2/2020 15:25

Potty, be good if they announce how many bogus claims have been rejected. But it's too early to gauge the final cost...but it's in the rear view mirror and no longer a going concern.

[portside1] 12/2/2020 15:22

Read the last runs

[portside1] 12/2/2020 15:21

Jordaggy I am not I will be not happy if they say that ppi was not as much as thought

[jordaggy] 12/2/2020 15:08

I'm expecting a big final hit from PPI but... investment bank doing well, credit cards doing well, commercial loans up, mortgage loans up, M&A up, costs down, bonus's down, profits up! anything less is not good enough.

[portside1] 12/2/2020 15:05

Any one who been an investor in any company knows that holders panic ,it's fact

[johnwise] 12/2/2020 14:58

How China rounds up coronavirus suspects:

[klotzak] 12/2/2020 14:56

Who are 'they'? You should be able to work out that the results are as expected, if not a little healthier than expected.

[portside1] 12/2/2020 14:46

That was for jordaggy

[portside1] 12/2/2020 14:45

Joe, I was expecting them to go down they get nervous before results

[bernie37] 12/2/2020 14:40

Exclusive: Chevron picks investment bank to sell off Appalachian assets

[jordaggy] 12/2/2020 14:26

I'm disappointed with the share price performance today, I thought there'd be a lot more buying pressure in anticipation of tomorrows results. Just goes to show, II's never take chances! gambling is only done by mug punters!

[jordaggy] 12/2/2020 10:45

Think I missed this...

10-Feb-20 Barclays BARC Jefferies Buy 180.58p 0.00p 252.00p Reiteration

[johnwise] 12/2/2020 09:07

Coronavirus: Surgery closes after member of staff contracts virus | ITV News

VIDEO

[bernie37] 11/2/2020 20:40

Bloomberg) -- Barclays Plc had the deal seemingly locked up.

Along with a trio of smaller lenders, the bank had agreed to arrange a $1.1 billion loan for ACProducts’ buyout of a unit of rival Masco Corp. While the terms of the financing weren’t quite as good as the kitchen-cabinet maker’s private equity owners had hoped, getting a signed commitment from the banks allowed the company to finally announce the deal in mid-November.

Then a couple of months later, something odd happened: a new -- and markedly better -- funding proposal landed in front of the buyout firm’s executives. The terms were so much better, in fact, that they would wind up coming out ahead even though walking away from the Barclays deal would trigger millions of dollars in breakup fees, according to people with knowledge of the matter. They said yes.

The last-minute lender wasn’t Bank of America Corp. or JPMorgan Chase & Co. or any of Barclays’ other traditional rivals. It was KKR & Co., a giant in the world of private equity that is normally on the receiving, not giving, end of deals in the $1.2 trillion U.S. leveraged loan market. And the decision to undercut Barclays on the ACProducts loan underscores just how cutthroat KKR and other private-equity firms have become in recent years as they look to play a bigger role in the lending market.

Representatives from Barclays, KKR and American Industrial Partners, which owns ACProducts, declined to comment on the transactions.

Breakage Fee

For KKR, its credit-investing and debt underwriting business has increasingly put it in competition with established Wall Street players, especially in the business of offering buyout financing. Private capital providers are rushing to build out direct lending operations, looking to capitalize on a shift in global finance many say is just getting started.

KKR’s ACProducts deal was especially surprising to market watchers because Barclays already had an established relationship with the company and its sponsor.

The bank had lined up about $400 million of financing for a separate acquisition the Texas-based company made about a year ago. While Barclays was forced to take about half of that debt on its balance sheet as syndicated loan buyers balked, the bank had been willing to lend to the company when others wouldn’t. Its M&A advisers also worked with ACProducts on the Masco acquisition.

In the end, Barclays didn’t walk away empty handed. In fact, thanks to the so-called alternative-transaction fee, the bank is still getting around half of the money it would have otherwise collected for underwriting the deal -- without having to go out and sell it to investors, one of the people said, asking not to be identified because the details are confidential.

The loan arranged by KKR will also repay ACProducts’ existing debt, getting Barclays out of the portion of the original financing it was never able to offload.

The KKR package had several advantages over the Barclays-led deal. For starters, it would eliminate the need for a bond, which would have burdened the company with additional disclosures and been more expensive to repay in the event American Industrial Partners wanted to sell the company.

It also offered a lower cost of capital compared to the rates at which the banks had agreed to backstop the deal, and didn’t come with the additional investor protections that direct lenders often require, the people said.

KKR’s credit division and some co-investors have also agreed to take around three-quarters of the loan themselves, leaving only a small portion of the financing exposed to the ebb and flow of the syndicated market, one of the people said.

The unitranche loan maturing in 2025 may pay 6.5 percentage points over the London interbank offered rate and sell at an original issue discount of 99 to 99.5 cents on the dollar. Investors have until Feb. 18 to participate in the offering.