Barclays Share Discussion Threads

[prbshares] 11/2/2021 09:34

Manics : Ftse up a little , barc down a little .... are we seeing consolidation at this level before the next move ? Week away from results so interesting to see how this plays out. I picked a few more up this morning on the hope she will break north .... gla

[portside1] 11/2/2021 09:22

The fall in the share price was a blessing to the directors it gave them Guaranteed bonuses going forward ,The share price only had to go up from 80 to 130 for them to get 80% bonus rewarded

[portside1] 11/2/2021 09:19

Read the remuneration report for the directors rewards It is impossible not to achieve them ,The targets set are so low that even a dead snake could jump over them It's all there to read page 104to 106 In report

[johnwise] 11/2/2021 08:46

Naive company chairman who needs to do some research..


Royal Dutch Shell another company falling for the Left Wing Global Warming scam that would destroy its company


Royal Dutch Shell has revealed a new set of targets to achieve net zero emissions by 2050, with carbon intensity reductions to include third party oil and gas the company sells as products.



Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[johnwise] 11/2/2021 08:22

Russia to build world's first multi-target missile system


Russia's Hardware Design Bureau (HDB) has begun developing the world's first multi-target missile system capable of hitting drones. Bekkhan Ozdoev, director of industrial affairs at Rostec state corporation, told about this to RIA Novosti.

[johnwise] 11/2/2021 08:15

Crypto Use in Terrorism ‘a Growing Problem,’ Yellen Says

"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism," Yellen said.

[johnwise] 11/2/2021 07:44

EU could cut UK out of financial markets - Andrew Bailey


There are signs the EU plans to cut the UK off from its financial markets, the Bank of England governor has warned.

Andrew Bailey said the City wanted to reach an agreement on financial rules, but would not accept being "dictated" to by Brussels.

[johnwise] 11/2/2021 07:41

Another success story from Communist China


Retailers call for more Covid help after £22bn loss in non-food sales
High street hit last year by its biggest sales fall at non-food stores on record, down 24%, according to BRC

The number of empty units in the City of London increased by 47% last year as the number of workers and visitors slumped, according to figures from analysts at Local Data Company.

[johnwise] 11/2/2021 07:10

Property developers face tax charge to offset cladding remediation


The Housing Secretary has announced plans to introduce a new tax, the ‘Gateway 2’ developer levy to offset some of the costs of replacing dangerous cladding on high-rise buildings

[nick100] 11/2/2021 05:33

https://www.theguardian.com/business/nils-pratley-on-finance/2021/feb/10/the-boe-governor-makes-sense-about-the-eu-but-are-politicians-listening

[manics] 10/2/2021 20:58

Cable highest for a few years...

[bernie37] 10/2/2021 17:20

On 9 November, the first revelation of a Covid-19 vaccine saw financial markets spike sharply higher, especially in sectors seen as beneficiaries of a return to something like economic normality.

For the banks, this translated into share price hikes across the board which have largely remained intact, although every bank stock remains lower than it was a year ago.

But is a “coiled spring” effect on the cards?

Should the rollout of the vaccine lead to a quicker-than-expected economic recovery, it could result in provisions for bad debts being significantly lower than those announced by the banks last year, which ran to tens of billions of pounds.

For example, in its third quarter, NatWest (LSE:NWG) set aside a further £254 million for bad debts, compared to an expected figure of £630 million, bringing the cumulative total to around £3.2 billion. The bank guided that the full-year provision should be towards the lower end of the range previously advised, namely £3.5 to £4.5 billion.

Any releases of these conservative provisions (as seen in the recent US banking season) would be taken as a positive step.

UK banks can pay dividends again
Why I’m backing the banks
UK bank shares: best opportunities in 2021
What is earnings season?
In addition, the announcement that dividend shackles would be lifted for the banks was positive for income-seeking investors. While there is no guarantee of an immediate return to the levels which had previously been seen (see table below), a return to dividends could nonetheless prove to be an additional attraction.


Dividend yield – March 2020
Share price since 6 November 2020 (pre Covid-19 vaccine announcement)
Share price over 1 year
Market consensus
Full-year results due 2021
Lloyds Banking
10%
+41%
-33%
Cautious buy
24 February
Barclays
9.6%
+33%
-17%
Buy
18 February
NatWest
4.3%
+40%
-21%
Hold
19 February
HSBC
8.2%
+17%
-33%
Sell
23 February
Standard Chartered
4.4%
+24%
-29%
Buy
25 February






FTSE 100
Est 4.5%
+10%
-12.5%
N/A
N/A
Source: interactive investor as at 9 February 2021. Past performance is not a guide to future performance



Of course, the metrics will receive scrutiny. These range from the strength of the capital cushions, the Return on Capital, the Net Interest Margin and the cost/income ratio.

Headwinds remain for the sector in light of historically low interest rates, which put severe downward pressure on margins. At the same time there could be a spike in bad debts, although not perhaps to the level which the banks had previously anticipated, if the end of the pandemic leaves a trail of unemployment and fiscal poverty behind it.

At the same time, since the great financial crisis of 2008, bank stocks have tended to veer into trading stocks territory as opposed to the long-term investments traditionally seen, amid much heightened volatility.

Even so, the banks have had time to shore up their balance sheets and capital buffers in a way which places them in their strongest period for over a decade.

Favourite bank stocks

Stock specifically, Barclays (LSE:BARC) is the preferred sector play given its universal banking model and geographical diversification, while the market consensus for Standard Chartered (LSE:STAN) has recently been raised to a ‘buy’ on its exposure to recovering Asian economies.

Meanwhile, Lloyds Banking Group (LSE:LLOY) remains cautiously well regarded.

Long since seen as a barometer of the UK economy, the fact that Brexit can now be viewed in the rear-view mirror is a positive development. There are, of course, challenges to come as the removal of government support schemes likely leads to a spike in unemployment, which in turn could result in some loans going sour.

However, in terms of the balance sheet, the capital cushion is around a comfortable 14.6% and an as yet unused PPI (payment protection insurance) provision of £745 million could be released in part or in full after all claims have been settled. The bank’s major presence in the digital space, where a recent 4% increase in users took the overall number to over 17 million, positions Lloyds well both in terms of the likely future direction of banking, while also enabling further expansion at a lower cost.

A blue chip stock pick for 2021
4 reasons to own Lloyds and other bank shares
Expect great things from these value stocks
Take control of your retirement planning with our award-winning, low-cost Self-Invested Personal Pension (SIPP)
Overall, this leaves investors with much to ponder as the full-year reporting season approaches.

However, with valuations at multi-year lows, and with surplus capital and higher resilience adding to the mix, the return of the banks as an investment destination may yet be upon us.

[bernie37] 10/2/2021 17:15

UK bank sector annual results preview - interactive investor

hxxps://www.ii.co.uk/analysis-commentary/uk-bank-sector-annual-results-preview-

[joestalin] 10/2/2021 12:43

"Boris Johnson ignoring Genocide in Communist China"

Me too - it's the least of my problems.

[johnwise] 10/2/2021 11:45

"Tucker watch your back now it’s communism time in America"

VIDEO: Tucker Carlson Tonight

[johnwise] 10/2/2021 11:31

Beer and pub sector leaders set out recovery roadmap as sales plummet by £7.8b


The British Beer & Pub Association (BBPA) and sector business leaders have urged the government to give a clear timeline and date for when pubs can reopen, and have put forward a roadmap to reopening as it was revealed that sales of beer have plummeted by 56% in 2020 – down by £7.8b.

[prbshares] 10/2/2021 11:15

No worries on advice intended. Barc feels to me like she is positioning for a push north... I hope we see the 150p tested today

diku : If you concerned about the change over just trade the moves...don't over expose to big positions...No Advice Intended...

[jordaggy] 10/2/2021 10:23

China is the blueprint for the west, of course he will ignore it.