Barclays Share Discussion Threads

[eisler] 16/10/2010 00:29

Has the worm turned and we will see an up to 300+ ?

[thetatrader] 15/10/2010 23:25

What everyone should know...

[the juggler] 15/10/2010 20:59

Ken

We shall have to think of things to fill your day in - 10 minutes is not enough!

[kenbachelor] 15/10/2010 20:57

Capricious - You probably know that I've already retired 3 times, but when you've been running your own business for over 50 years and you're used to working about 10 hours a day it's very difficult to stop.

Now I fill my time in running my son's office, but I have to give up sometime. When I originally conceived the spread betting idea it was to give me something to do when the time does come, but what I've actually achieved is to occupy about 10 minutes from 7.55 to 8.05 each morning.

[capricious] 15/10/2010 20:34

Thanks Ken,

It looks like getting and deciding on, an open is the trickiest part of your day... just a few minutes difference and we see results sitting at opposite ends.

Before this board and not having traded the ftse, I hadn't considered this open issue... appreciate you sharing the thoughts behind the problem solving.


You're welcome.

[kenbachelor] 15/10/2010 20:20

Capricious - Thanks, a couple of interesting links.

[kenbachelor] 15/10/2010 20:14

Capricious - IG provide O/H/L/C figures for every minute of trading, so I'm using the close for the period 08.00 to 08.01 and posting it on both this and my FTSE boards. I do however place my trades as soon as My Open is known and then post the figure. I must do this as I don't want to miss the chance of the trade opening while I'm posting and the facility is available to everyone with an account. All I'm doing really is to provide confirmation for anybody who is interested in checking on which trades I've entered.

[mickyboy2] 15/10/2010 19:18

Rights issue fears hit Barclays shares
By Hugo Duncan
15 October 2010, 8:32am
Reader comments (4)
Barclays shares fell sharply on speculation that it will need to raise billions of pounds to meet tough new financial regulations.




Diamond denial: The incoming Barclays boss claimed the bank has enough equity capital.

WANT TO KNOW MORE?Barclays warns of trading slowdown
Barclays shares fall as Diamond named new CEO
FTSE LATEST5703.37-23.84

TALK ABOUT SHARES›› Today's hot stocks: oil, miners

Standard Chartered stunned the City on Wednesday when it launched a £3.3bn fundraising to meet the requirements of the new Basel III rules.
It triggered fears that other British banks will have to follow suit - with Barclays in the firing line yesterday.

The bank is understood to be looking at a number of options including a special bond that would enable it boost its cash reserves without issuing new equity.

Barclays shares fell 4.1% or 12p to 280p while Royal Bank of Scotland and Lloyds Banking Group were also on the slide.

Nick Serff, a market analyst at City Index in London, said: 'Bank shares in the UK remained downbeat on continued fears that Standard Chartered's rights issue could spread to other cash calls from some of the major high street names.'

The updated Basel III rulebook states that banks must increase their 'core tier 1 capital ratio' - the amount of money they set aside to cover losses - from 2% to 7%.

At the end of June, Barclays was at 10 but this could fall to 8.7% by 2011, according to analysts at research house KBW.

It is thought that the Financial Services Authority - the UK watchdog - might press ahead with even stricter rules to protect banks from future crises.

Barclays is said to be examining a debt instrument dubbed a 'step down, step up' bond to ensure it complies with the new rules.

If core tier 1 ratio fell below 7%, bondholders would take a haircut of as much as 30%, boosting the bank's financial strength.

Barclays declined to comment. But sources pointed to comments made recently by bank president Bob Diamond, who succeeds John Varley as chief executive next year.

'Of course we have a lot of work to do to adapt to the new Basel framework,' said Diamond.

'But from what we know and we can see today, we believe we have enough equity capital, and it is not our intention to turn to our shareholders for more.'

Bank shares were also hit by negative news on Wall Street.

Credit Suisse banking analyst Jonathan Pierce tried to dampen speculation that Barclays and other UK banks will need to raise fresh funds.

'Post the Standard Chartered rights issue, we do not think any of the UK banks need to issue equity in the near term,' he said.



Read more:

[capricious] 15/10/2010 18:54

Saw this Q&A which talks about IG, open etc

[capricious] 15/10/2010 18:37

Hi Ken,

Are you still sticking to this

"The more I look at this open figure problem, the more I return to IG. If you bring up the IG FTSE chart and point at 08.01 the screen displays the OHLC figure for the first minute of live trading. It comes in very close to what I've been getting off the advfn live feed and it's more readily accessible, so I'm going to use that 'close' figure in future."

And by 'close', do you mean the 'C' of OHLC for the 1 minute tick/timeframe?


Thanks

[wilba] 15/10/2010 16:08

Bring it on. At least when the Swiss state a time you know where you stand. Lol. Have a good weekend.

[layer cake] 15/10/2010 16:01

depends if you do latin. it's all the rage these days. glad Barc held out but wont be long b4 the swiss rip our market to oblivion.

[wilba] 15/10/2010 15:36

Is that a mexican hooker or do you mean cheetah?

[layer cake] 15/10/2010 15:11

got into RKH boys @ 284. this stock moves faster than a chita.

[b1gman2] 15/10/2010 14:54

By Marie Beaudette Of DOW JONES DAILY BANKRUPTCY REVIEW Lehman Brothers Holdings Inc. (LEHMQ) and Barclays PLC (BCS, BARC.LN) will be in bankruptcy court Thursday to deliver their closing arguments in the multibillion-dollar lawsuit over the 2008 sale of Lehman's brokerage to the British bank. Lehman has accused Barclays of pocketing billions of dollars of assets without disclosing it to the court when it bought the broker-dealer business just days after Lehman filed for bankruptcy protection in September 2008.

Lehman said the undisclosed "asset grab" earned Barclays a "windfall" of more than $11 billion. Lehman is asking Judge James Peck of the New York bankruptcy court to force Barclays to return the excess value of the assets to its bankruptcy estate. Barclays, however, has said that it was publicly announced that the bank would see an immediate gain when the deal closed.

The trial began in April. Both sides have spent the last six months presenting evidence. After both sides finish their closing arguments, the case will rest with Judge James Peck of the New York bankruptcy court, who's also overseeing Lehman's Chapter 11 case.

[centrepoint2] 15/10/2010 14:52

ANGLO ASIAN MINING AAZ (SP 42p)
Low Cost GOLD Producer

Numis Upgrade to BUY & Target of 70p

Very STRONG BUY & at good price level for newbies to get in or a top up.
Plenty of Newsflows.
MM's Short of stock!
Fair Value at 80p +

[ramesham] 15/10/2010 14:43

Sud'av left your short ticket open..Ken. Such is life, otherwise we'd all be millionaires...including Monty, and Blue Imp. LOL

[wilba] 15/10/2010 13:44

OMG dont tell me Monty was right....

[kenbachelor] 15/10/2010 13:33

B1gman2 - Answered on the other thread

[b1gman2] 15/10/2010 13:17

Ken - is there a download of your sample excel files on your website please. I'd just like the non-DDE one please,
sorry - posted on wrong board - will post on FTSE one!

[marketeye3] 15/10/2010 13:15

ken should have gone long at 7544 as at open above pp BUT waited 9 mins to see
movement/direction for the day-so went short at 5737 (pp level) and got out at
5703 for profit. I must admit i would have gone long at 7544.However after reading Kens manual he would also put asell order at the pp which was the correct move so the long was cancelled i think?Sorry not on premium status as yet.Good luck Ken and co.

[seccol] 15/10/2010 13:12

Evolution downgrade 260p..........

[capricious] 15/10/2010 12:55

Ah, thanks Theta, so it comes down to the old problem of deciding on what exactly constitutes a valid open price.

[thetatrader] 15/10/2010 12:50

capricious - 15 Oct'10 - 13:45 - 62691 of 62692
===============================================

Ken used an Open price above todays Pivot Point.
I used an Open below todays Pivot Point.

It moved quickly from above to below in the first few minutes.

[xamf] 15/10/2010 12:46

I'm puzzled as to why Barclays has been hit harder relative to others. Their Tier 1 capital ratio is higher than most UK banks ....

As of June 30, Barclays had a Core Tier 1 ratio of 10%; RBS 10.5%; Hsbc Holdings PLC (HBC) 9.9%; and Lloyds Banking Group PLC (LYG) and Standard Chartered 9% each.

In a note, Credit Suisse said that while U.K. banks could have to raise GBP120 billion of Basel III capital to meet a potential total capital ratio of 15%, none of them needs to raise equity.

With the rights issue, Standard Chartered's ratio will increase to 11%, which the bank said would equal to a 10% ratio under Basel III.

Source: