Barclays Share Discussion Threads

[kenbachelor] 13/10/2010 16:07

T34 - BCS live prices are in the header.

[t 34] 13/10/2010 16:01

how to get quote for barc adr? plse

[saltaire111] 13/10/2010 15:14

anyone else not getting streaming with ADVFN at the moment?

[b1gman2] 13/10/2010 15:03

The banks are out of favour for good reason at present. I believe they have some good news to report in near future......

[sm8] 13/10/2010 14:17

if barc, along with the other banks are at this level when the market is at a all time high, then i hate to think there they will go when the market starts to fall next week.

[robertfaulkner] 13/10/2010 13:50

No big uptick yet, come on load of Yankers

[martyn9] 13/10/2010 13:23

dow futures up,should go north
strike that!

[b1gman2] 13/10/2010 13:15

I think it's a pretty healthy bank. So this pm all dempends on a few folk in the good ole US of A sharing my sentiment..... ;-)

[sm8] 13/10/2010 13:04

is barc a sick bank????

[robertfaulkner] 13/10/2010 13:01

Hell of a volume today 81 mil by 13:45, only 35 mil the whole of yesterday

[sm8] 13/10/2010 12:55

well done if picked up some at 285p

[robertfaulkner] 13/10/2010 12:46

Thanks D T M, yes I think I remember these numbers now.

[b1gman2] 13/10/2010 12:37

sm8 we're getting close......

[dow trader majorca] 13/10/2010 12:24

Robert, I think it's the way the US describe mortgages - a 1 (or single) family home is a house lived in and the mortgage paid by one family, a 2 family home would be a larger home owned by one family but part rented out to another family etc

[sm8] 13/10/2010 12:17

barc to go blue???/

[sawman2] 13/10/2010 12:12

I think you need to read that article again. The key lines are "Barclays has 17.74 percent of one to four family loans in the foreclosure, which total $495 million." Which by my math makes a total exposure of about $2.78 billion.
Chicken feed when you look at the exposure of BofA and JP Morgan.

Edit
The article is misleading in that it uses a percentage of the loan book in default to get it's scaremongering point accross. Ah lies and statistics. It's like concentrating on the fact that I, for instance, may have made 2 loans and one is in foreclosure. You then headline the fact that 50% are in foreclosure without pointing out I have only made two loans. Anyway you get the point. I do so love journalists.

[robertfaulkner] 13/10/2010 12:07

Hi Miata, what does The Street mean by one to four family loans?

[b1gman2] 13/10/2010 12:05

Nice to see it moving up a tad

[miata] 13/10/2010 11:53

"I don't believe that Barclays has a direct exposure to US mortgages"

[gb234] 13/10/2010 11:50

I own gold shares.The mining company also owns a zinc/lead mine.I won't mention their name as my purpose for the warning is not a ramp.I would read the gold thread where the article is though, if I owned banking shares.Don't say the banking crisis when it explodes has come 'out of the blue'.Good luck all.This is my last post here.

[b1gman2] 13/10/2010 11:48

gb234 - i think all the bad news is priced in at present. Basel III, US mortgage issues, today Std Chartered news, etc.
I too also like and hold gold, but i think barclays has further to improve over next 12 months than gold.

Barc 3.80 , gold $1500 = v happy b1gman2

[kenbachelor] 13/10/2010 11:45

Roadwalker - Monty is far too high as you can see he's at 355, but JJ's looking very good ant 300p!

[dope007] 13/10/2010 11:42

gb234 you hold gold paper which in a massive crisis will be worthless. If you want to be safe by the physical metal and hide it under the bed.

[isis] 13/10/2010 11:36

gb - Gold hedging relies heavily on other industries like Bsnking being insecure. I believe Gold is safe whilst interest rates remain low but I would get out when they rise.

I would say there is Gold Bubble waiting to pop.

[capricious] 13/10/2010 11:34

I don't believe that Barclays has a direct exposure to US mortgages, but of course as we know, financial institutions are not decoupled from the prevailing macro/microeconomic climate.