Barclays Share Discussion Threads

[gbh2] 23/11/2009 08:22

One things for certain one of will be right, unless the share price levels out!

[ed the business] 23/11/2009 08:19

It's an Xmas sell-off this year as funds take profits.

[christh] 23/11/2009 08:18

Hopefully today is the start of the Xmas rally and the long awaited rise to 400p!

[newm0delarmy] 23/11/2009 08:12

No position at present...but the ramping here are enticing me to slap down yet again their pathetic ramps.

[christh] 23/11/2009 08:10

this morning the mms have marked the buying price to 347p a rise of 26p.

so watch out a big buyer is waiting.

We will see the price rise today about 25p-30p!

[roadwalker] 23/11/2009 08:06

I see montyhedge was predicting the mugs would be buying up in their numbers am; well in fact there are more sellers than buyers at present; so once again he speaketh with forked tongue.

[thetownshouse] 23/11/2009 07:55

FTSE tipped to open firmly higher...

TTH

[manuel labour] 23/11/2009 06:03

Chris,

Why are you posting 12-day old news links?

You hanvn't put on your MXP ramping goggles again, have you?



Prop

[mani2008] 22/11/2009 23:16

Price needs to stay above 303p, 200MA of the daily chart. If is closes below this price, the bears are going to move in.

[taurusthebull] 22/11/2009 22:53

christh

I hope we have a better week than last week.I am a long term holder having sold my Lloyds in the week,because i didnt want to put anymore money in the company for the rights issue and in order to buy some more Barclays cheap

[christh] 22/11/2009 22:08

A REMINDER
========================
THESE BROKERS SAID "BUY"
400p+ TARGET PRICE

ING.....................BUY TARGET PRICE 460p
HSBC.........................BUY TARGET PRICE 450p
Morgan Stanley.............BUY TARGET PRICE 435p
Nomura.....................BUY TARGET PRICE 425p
Societe Generale...........BUY TARGET PRICE 410p
Goldman Sachs..............BUY TARGET PRICE 391p
RBS........................BUY TARGET PRICE 360p
GALVAN........................BUY ................

DATE OF RECOMMENDATIONS: 12/11/09 AND NOMURA 17/11/09

THEY SAID" "BUY"" and that the current price is "oversold"

[christh] 22/11/2009 22:07

Britain's best bank investor believes Barclays is still too cheap
By Charlie Parker | 13:20:21 | 10 November 2009








Disappointment around Barclays' 1p dividend announced in its results today may have sent shares falling but for Jupiter Investment Management's Philip Gibbs - Britain's foremost financials investor - the company is still too cheap.


Philip Gibbs
Philip Gibbs joined Jupiter in 1997 and has managed the Jupiter Financial Opportunities Fund (Unit Trust) since its launch in May of that year. He also manages the Jupiter Hyde Park Hedge Fund plc, and the Jupiter Second Split Trust plc, as well as one UK equity mandate and one specialist mandate. He is co-manager of the Jupiter Global Financials SICAV. Philip has had extensive experience as a stockbroking analyst specialising in equities of UK financial companies, having worked in relevant roles between 1983 and 1997 for both BZW and Laing and Cruickshank. Philip studied History at Cambridge University and became a Chartered Accountant in 1983.
His performance

[christh] 22/11/2009 22:06

Barclays on track for record profits


Bank admits rises in pay for investment bankers at Barclays Capital are 'under consideration'

Barclays is reinstating its dividend for the first time since the banking crisis erupted. Photo: Daniel Hambury/EPA

Barclays is considering handing pay rises to its top investment bankers despite its insistence it will consider the view of the "broader community" when setting bonus levels.

Its Barclays Capital investment bank – bolstered by the takeover of the Wall Street operations of Lehman last year – made pre-tax profits of £1.4bn for the first nine months of the year out of total group profits of £4.54bn.

The City believes Barclays is on track to report record profits by year end but even so its shares were the largest fallers in the FTSE 100 - losing 5% to 325.3p - amid concern that BarCap was losing momentum.

The bank, which has not taken taxpayer cash, also resumed its dividend payments which it was forced to stop because of the crisis. The 1p it declared for the third quarter was described as "nominal" by analysts at JP Morgan who noted the bank was reiterating its guidance that dividends would not reach the levels of previous years.

The bank's senior independent director, Sir Richard Broadbent, is holding discussions with shareholders this week to establish how bonuses can be paid and comply with the G20 principles on pay which require deferral and some payment in shares.

Rich Ricci, chief operating officer of the investment bank, admitted that a pay rise was being considered. "We are looking at salaries. We haven't done anything yet." He added that base pay was "under consideration".

HSBC admitted today that its investment bank was performing well and its finance director, Douglas Flint, said HSBC bonuses would be "appropriate", noting the bank was "conscious of the environment in which we operate".

It was a sentiment echoed by Barclays's finance director, Chris Lucas. He refused to reveal how much money was being accrued to pay out bonuses by the end of the year, but he said: "We will be fully compliant with the G20 and in considering bonus amounts we will think of all stakeholders, including employees, shareholders and the broader community – and be taking into account all their views."

Analysts at Credit Suisse noted that costs at BarCap were up about 20% in the third quarter. The performance of Barclays's global retail and commercial banking arm – where profit before tax declined to £2.1bn compared with £3.1bn last time – was better than the City had expected, particularly after the bank announced last week that its head Frits Seegers, hired on a £12m pay deal three years ago, was leaving.

The bank indicated that its bad debt charge was levelling off. While the impairment charges reached £6.2bn for the nine months, up from £3.7bn in the comparable period last year, the bank said it expected the full-year charge to be at the bottom end of the 2009 consensus range of £9bn to £9.6bn.

[robertfaulkner] 22/11/2009 21:16

Bullion Blap offering to buy the Arabs the next Shisha

[robertfaulkner] 22/11/2009 21:06

Shisha cost £15 in Camden Market what is in it for £15, what would Edgware Road cost?????????????

Bob F

[bnparibas] 22/11/2009 20:42

That is my take as well TyMedici, and NL may well push for a judgement against the banks as a ` freebie` to the masses prior to the election, oh but of course they can`t do that as the courts are not answerable to the likes of Broon, ha,ha,ha!

[dark angel 3] 22/11/2009 20:27

Bears will be fried,

Look at the long term chart - inverted HEAD and SHOULDERS pattern.

[smurfy2001] 22/11/2009 20:15

Wednesday is the day to watch, it will be live on the telly.

[tymedici] 22/11/2009 20:07

I haven't seen any figures but the media have always speculated that if the judgement does go against the banks that they will have to introduce extra charges to compensate. This is the first big call for the Supreme Court so you could argue that they will have to 'hit' the banks to give the court some credibility as a new institution. I suspect that smacking the banks will go down well with most of the public and the average Sun reader.

[bnparibas] 22/11/2009 19:22

Has anyone guestimated the cost to BARC and other banks if/when the overcharging scam becomes a liability?

[kenbachelor] 22/11/2009 18:57

Well today's dismal display by Kinkeel has rounded the week off and cleared the air. I just hope we will see some sort of normality return to life from here on.

[gbh2] 22/11/2009 17:51

CHRIS - My comment wasn't directed at you, see edit!