Barclays Share Discussion Threads

[portside1] 18/2/2021 09:27

We need to vote out Staley and is crooks

[forcemode] 18/2/2021 09:18

Hopefully a 1.5x close!

[jordaggy] 18/2/2021 09:17

Barc's need to turn the lending taps on, borrowing is cheap but the nim is slim, tough time for banks going forward me thinks.

[manics] 18/2/2021 09:12

Now that we can defocus from the opening price, what now for BARC in the midterm? Has BARC kitchen-sinked as much positivity as it can this morning?

Just how much is it going to take, and within the realms of sensibility how much more can BARC deliver, with provisions likely going further north, to get back to a pre-Covid SP?

[nick100] 18/2/2021 09:11

Yes they do

[portside1] 18/2/2021 09:11

Listen to the barcs call at 9.30

[forcemode] 18/2/2021 09:10

Do they have to RNS every time they make share buy backs? I have a holding in a small mining company who RNS'd even very small buy backs.......so I guess so?

[portside1] 18/2/2021 09:07

Stondyou buy backs are good for directors remuneration They win win They will be rewarded even more bonus

[spoole5] 18/2/2021 08:56

Smart move with buyback, gives greater flexibility, especially if equity markets correct at some point.

[jordaggy] 18/2/2021 08:48

Here’s some instant reaction to the Barclays results. Sudeepto Mukherjee, of the consultancy Publicis Sapient, says:

As expected, Barclays strong results are largely driven by their corporate and investment banking division up 22%, benefitting from high market volatility as well as strong investment banking activity. Their strong position in equities have helped them improve 43% in marketshare over the last 3 years which is impressive.

However, there’s continued scrutiny on the performance of both their UK retail division as well as their Consumer, Cards and Payments division – the latter down 22% driven by lower credit card balances, margin compression and reduced payments activity. While mortgage lending and pricing is up driven by government incentives and lower interest rates, the latest lockdowns and reduced retail activity in both sides of the Atlantic have created continued headwinds for the retail businesses.

Overall, it’s their diversified business model that ensured a resilient operating performance, and a profitable four quarters during what was a turbulent year for many. Barclays will have to continue to focus more on cost reductions via digitisation and get their retail businesses to be competitive as consumer spending picks up in 2021 to maintain their strong performance against rivals.

[diku] 18/2/2021 08:48

All the analysis of the percentage down in share price compared to FTSE blah blah blah...look at those Miners/Commodity shares going to the Moon...ANTO...complete disparity..






In all, the performance is dogged, set against an extraordinary backdrop. The shares have risen 39% since the announcement of a vaccine in early November, which prompted hopes of a much-needed general economic recovery. However, much of the damage was already done and the shares remain down 13% over the last year, as compared to a decline of 9% for the wider FTSE100.

[prbshares] 18/2/2021 08:43

On a totally seperate note. GME 45p ..... last time I looked at this stock it was 445p. The financial world certainly went a little crazy for a few weeks !!

[jordaggy] 18/2/2021 08:41

The unavoidable spectre of the pandemic dominates the figures. Barclays has continued in its efforts to oil the economy and for the full year provided support to businesses of £27bn, waived fees and interest to the tune of £100m and allowed 680,000 payment holidays.

The dividend part of the distribution of 1 pence is little more than the bank dipping its toe back in the payout waters and may be of some disappointment to income-seekers who were looking back to the pre-pandemic dividend yield of 9.6% as a guide. Even so, the announced share buyback of £700m should lend some support to the share price and is indicative of management confidence in prospects.

In all, the performance is dogged, set against an extraordinary backdrop. The shares have risen 39% since the announcement of a vaccine in early November, which prompted hopes of a much-needed general economic recovery. However, much of the damage was already done and the shares remain down 13% over the last year, as compared to a decline of 9% for the wider FTSE100.

There is light at the end of the tunnel given the bank’s financial strength and diversity, though, and Barclays is currently the preferred play in the sector, with the market consensus of the shares as a buy reflective of recovery prospects.

[prbshares] 18/2/2021 08:40

jordaggy : 🤣 ... expectations . I guess I am a half full kind of person but also want to keep my rose tinted glasses firmly on the end of my nose.

[prbshares] 18/2/2021 08:36

I am interested to see how lloy's results look ... consumer/retail focused bank... could be interesting ??

[portside1] 18/2/2021 08:34

Who is going to carry out the buy back can not find it

[manics] 18/2/2021 08:34

I wonder what our activist investor Mr. Bramson is thinking this morning? Perhaps he will get some press over the next day or two.

[prbshares] 18/2/2021 08:31

Manics : 😂... but an improvement on a profit can only be a good thing ! If he had said this whilst announcing a substantial net loss then I think I would rename him A. Daily .

[diku] 18/2/2021 08:30

The amount of buybacks they doing is out of desperation...muddy the statement...

[nick100] 18/2/2021 08:29

This will go up gradually from here, at least dividends have started.

[prbshares] 18/2/2021 08:28

diku : agreed on the illusion but still injects some strength onto the share price I don't think Barc could have come straight out with a 5% divi, I hoped for 3.7% but in the grand scheme of things I will settle for this structure.

[manics] 18/2/2021 08:26

A meaningful improvement doesn't mean much when you're starting from a low base (so would say my old Sales Director!)

[jordaggy] 18/2/2021 08:26

I 'expect' many things in life...I'm often disappointed.

[prbshares] 18/2/2021 08:24

“Barclays remains well capitalised, well provisioned for impairments, highly liquid, with a strong balance sheet, and competitive market positions across the Group," Staley said. "We expect that our resilient and diversified business model will deliver a meaningful improvement in returns in 2021.”