Barclays Share Discussion Threads

[seewhatimean] 14/2/2020 12:22

Potty Bumside hopes one day of passing his English Language GCSE.

[klotzak] 14/2/2020 12:11

Potty says so, and potty claims you have strong armed JES.

[portside1] 14/2/2020 11:29

The share price will be around 185 by the 26th

[seewhatimean] 14/2/2020 11:25

Seriously we all 'no' you should be revising for your English Language GCSE resit. 'There' hopes are with you.YOU UTTERLY THICK FANTASIST.

[portside1] 14/2/2020 11:18

But we all no the FCA will never investigate there masters The fca is pointless it does far more damage than good It's a hats off to there masters

[portside1] 14/2/2020 11:16

I am not concerned about is knowing Epstein as 90% of the rich also had dealings with the man even our royalty And today our royalty are very close to the murdering Arab royals who murder and kill people for pleasure The real concern is all the false statements over is term and produced nothing for holders We have a dead mute chairman who has not spoken in 11 months He is a mute in all aspects of is silence As for the fca they need to look more closely at mps over the last 30 years insider trading Mandleson bankrupt at to borrow money then in is new job he becomes a millionaire

[bernie37] 14/2/2020 10:59

Higgins pickings

Barclays has struggled to find the right chief executive. The transition from the days when descendants of the founding Quakers stealthily climbed to the top, to the appointment of talented outsiders, has not been smooth.

In choosing Jes Staley, it made a good judgment for investors, although they have yet to be rewarded with a share price recovery.

He brought Wall Street glitter and forcefulness with him. When a whistleblower went after one of his former JP Morgan colleagues (transferred to Barclays), Staley foolishly took on the complainant.

We have known for some time that Staley was a business and social associate of the disgraced financier Jeffrey Epstein. What wasn’t recognised was that the relationship extended beyond his years at JP Morgan.

The Barclays board satisfied itself that Staley had disclosed all they needed to know about Epstein. City regulators are less convinced and have launched their own probe.

Against the odds, Staley has demonstrated that a European investment bank can deliver in a pool dominated by the Americans.

In a low interest rate environment he has managed to produce better financial outcomes than the market expected. Only the promise of a 10 per cent return on equity in 2020 may prove tricky.

Reality for Staley is that one regulatory misstep was excusable. But the fresh probe, even if Staley has done no wrong, is too many. New chairman Nigel Higgins will be casting for a successor without any known sign of a dynastic candidate.

[bernie37] 14/2/2020 09:06

The bank’s net operating income was virtually unchanged, at £19.7bn.

[jordaggy] 14/2/2020 08:50

IC View
We suspect Barclays’ disclosure of the FCA probe was timed to deflect from the subdued guidance, which is probably the bigger story for investors here. On the plus side, profits and dividends are moving slowly in the right direction, as conduct charges unwind and general costs edge down. As such, we still think (215.3p, 19 Apr 2018) the wide discount to book value will eventually narrow. Buy.

Last IC View: Buy, 183p, 8 Jan 2020

[muscletrade] 14/2/2020 06:52

Barclays: CEO probe overshadows decent results
by Richard Hunter from interactive investor | 13th February 2020 10:16

It’s easily the best-performing domestic bank of the past year, but what does our head of markets think?

Barclays (LSE:BARC) has delivered a largely impressive set of full-year numbers, especially given the wider challenges facing the global economy and, therefore, the banking sector as a whole.

All is not plain sailing, however, and the group’s complicated and ambitious transformation plan still requires some refinement.

The historically low interest rate environment is a constant pressure on net interest margins, general economic uncertainty and subsequent cost emanating from Asia has yet to be defined and, on its home turf, the UK’s negotiations with the EU are unlikely to be a smooth ride.

In terms of the numbers themselves, there was a decline in the return on capital number from the usually reliable Consumer, Cards and Payments unit, while the 30% increase in the credit impairment charge is something of a red flag, particularly given the generally benign consumer environment in terms of interest rates and inflation.

Meanwhile, the announcement of a regulatory inquiry to investigate chief executive Jes Staley’s relationship with disgraced financier Jeffrey Epstein, is an unwelcome distraction at a time when the bank is spinning so many plates.

Source: TradingView Past performance is not a guide to future performance

Even so, for the most part, Barclays is reaping the rewards of previous belt-tightening, which has been boosted by some pleasing growth figures. Despite the continued investment in its digital presence, for example, the cost/income ratio has been contained at 63% with a future target of 60% in place.

A combination of strong cost control and some useful income contributions from most of its units, such as the investment bank, which has probably seen some benefit following the demise of the Deutsche Bank equivalent, has culminated in a pre-tax profit figure which has surged by 26%.

The earnings per share metric is also notably stronger, the capital cushion remains perfectly adequate at 13.8% versus a 13.5% target and the overall return on tangible equity figure is comfortable at 9%, although the bank concedes that this year’s 10% target may be something of a stretch.

Elsewhere, future share buybacks remain a distinct possibility dependent on the macro-environment, although in the meantime a projected dividend yield of 5.4% is attractive to income-seekers, with the increase announced by Barclays a sign of confidence in prospects.

The reaction to the results has been hampered by a generally weaker market, although, given the recent run where the shares have added 27% over the last six months, there could be an element of profit taking exerting some downward pressure.

There is still some way to go to regain former glories – the share price remains down 22% over the last three years – but there are certainly glimmers of hope, with the bank more recently adding 13.5% over the last year, which compares to a 4.8% gain for the wider FTSE 100 index.

The UK banking sector, in particular, has been something of a minefield for investors in recent times and the results should be recognised against this backdrop. For the moment, Barclays remains the preferred play in the sector and the consensus of the shares as a “strong buy” is likely to remain in place after this generally strong showing.

[entropick] 14/2/2020 05:58

Hargreaves: cautious outlook for Barclays
A profit jump at Barclays (#BARC) was overshadowed by chief executive Jes Staley’s links to disgraced financier Jeffery Epstein, and Hargreaves Lansdown says it will not all be plain sailing for the bank.

[jordaggy] 14/2/2020 03:18

Nothing to see here, though I'm not happy he sailed his yacht to Epstein's island knowing his previous activities.

[klotzak] 13/2/2020 23:16

Potty, the resident idiot, returns to bore us with his nonsense!!He's a 72 year old, 800k in the bank, 32k net pension....muppet!!

[double down] 13/2/2020 22:59

Good results, hopefully Jes kept his p.ants on at Epstein’s island, we’ll be ok once cleared

[portside1] 13/2/2020 22:15

The police should now investigate what we are going to produce about Boris

[portside1] 13/2/2020 22:13

Just back from a great night out at the pub We are all now sick of boris and we are going to act Watch the news , Boris as betrayed it's supporters

[klotzak] 13/2/2020 18:54

I had BP until 2 weeks ago when it's climb seemed to be running out of steam, straight into Barclays which has been a good move. Next for me? Centrica, VOD or Lloyd's I think. I want 186 out of this so I may be a medium to long term punter!BT also seems worth a look. Any others tempted by these?

[optomistic] 13/2/2020 18:34

klotzak...Look at BP it dropped almost double!
Better luck to you holders here.

[m1k3y1] 13/2/2020 18:25

klotzak...ex div date is 27th Feb.

[klotzak] 13/2/2020 18:22

I reck it is, whilst we were in negative territory the whole day it slowly started to climb off the lows and offer us hope!Would you say the 6p is now accounted for in the SP? I always thought it dropped the day it went XD.

[smurfy2001] 13/2/2020 18:08

Pleased with the 6p dividend. Is the worm finally turning?

[klotzak] 13/2/2020 17:22

UDIK and Potty infoYou can read the utter nonsense these muppets put out at the weekend. We're over the worst of the Coronavirus and the FTSE will rise 3-500 points this week. Zero credibility the DIK is a fantasist.Even more dangerous is the radical fantasist, Potty. Sits on this site day in day out from Spoons, retired at 50 now aged 72 with 800k invested and a net pension of over 30k. This goon reckons he can short VOD til he breaks them and can eat a Korma.They thrive off each other's nonsense, and sneer at fellow investors, calling them peasants. Be warned, they are somewhat euphoric within their important heads, but truly irrelevant.