Barclays Share Discussion Threads

[montyhedge] 28/10/2010 14:44

255p next week?

[smurfy2001] 28/10/2010 14:34

Hey slum, what's the weather like in India?

[bobp] 28/10/2010 14:29

here we go...dowwwwwn...eeek!

Timing may reward if we can catch the turn..

[ramesham] 28/10/2010 11:06

there IS a reason why they're giving you BARC at 2.80...and if one told you.. stale bulls.. why, one would get head in the sand reaction like above!!!!

[maximillian1] 28/10/2010 10:53

nob he may be.....but it looks like he may also be " a right nob"

[capricious] 28/10/2010 10:52

Thanks Ken,

Looks like I'll continue to store the different trade journals for comparison and later strategy testing

[miata] 28/10/2010 10:52

MATRIX (via Alphaville)

Pick up LLOY here ahead of their Q3s on Tuesday, continue to SELL/Avoid BARC.

[sidarthur2] 28/10/2010 10:48

Montyhedge is a complete nob!

[broadwood] 28/10/2010 10:19

I suspect Diamond Bob would much prefer to work out of N.Y.C.



Barclays weighs up costs of quitting UK
Thursday, 28th October 2010


SENIOR executives at Barclays Bank are weighing up the costs of moving the group's headquarters from London to overseas, most probably New York.

The bank's executives, including at board level, have spent a great deal of time poring over the issue over the past few weeks. While no final decision has been taken, they have discovered that the process of moving the group overseas would be much more complicated than many had thought.

Firms in other sectors such as the advertising group WPP and the pharmaceutical company Shire, have moved offshore for tax reasons in a fairly painless manner. However, Barclays' experts have discovered a raft of regulatory difficulties that don't exist in other sectors.

The issue for Barclays, which will soon be run by Bob Diamond, and for HSBC, which is also said to be contemplating a move, is that it has a large retail branch network in the UK which would still need to be regulated by the Financial Services Authority (FSA). Similar issues would apply for investment banking units.

Were Barclays to move its headquarters in order to escape from any bank levy or government decision to split its retail and investment banks, it would need to be re-authorised by the FSA to engage in UK banking activities, a potentially risky and lengthy process. There might also be demands for higher levels of capital to be held in the UK operation.

"The FSA would have to satisfy itself that it could have proper oversight over the UK operation," said a person familiar with the FSA's working practices yesterday. "It's possible that this might require all sorts of safeguards," he added.

Barclays insiders say they may be put through an excessive number of obstacles were they to choose to relocate. Some have labelled the process as getting to grips with the "exit penalties."

The FSA would only say: "Whatever entity stayed here, it would have to vary its permission to trade here."

Other insiders have noted that contracts written under the status quo may have to be redrawn or "novated" if the bank choses to go overseas.

Barclays, together with HSBC and Standard Chartered, has been forced to look at the possibility of relocating by the increasing regulatory and taxation burden in the UK that has followed the banking crisis.

The big banks have been hit by the one-off bonus tax, the bank levy, a raft of restrictions on bonuses from the FSA and EU, the threat of a forced break-up and the raising of the top rate of tax from 40p to 50p.

A source close to Barclays said yesterday that the issues were "too sensitive" to go into in any detail but pointed out that chairman Marcus Agius recently said that the bank would be considering all its options.

Bank executives, headed by Agius, have been lobbying the government hard in recent weeks in the hope that the industry might be given some relief from recent measures that have been brought to bear against it ever since Lloyds Banking Group and RBS were forced to go to the government for financial support.

[ludlowe] 28/10/2010 10:16

rainfall ,american bank indeed .


Thursday, 28th October 2010


SENIOR executives at Barclays Bank are weighing up the costs of moving the group's headquarters from London to overseas, most probably New York.

[maximillian1] 28/10/2010 10:06

New word ..I like it Mangalars " The Mangalars Arms" got a ring to it ,do you not think..... Montyhedge ummm

[wenlynn] 28/10/2010 10:04

Montyhedge is a BIG player.

Around 21 stone in his high heels.

[rainfall] 28/10/2010 09:34

lud because i did not knowthat varley was going to leave that walty mitty was taking over

[maximillian1] 28/10/2010 09:31

Morning all


Hope you all know Montyhedge...is paid to post on here..read between the lines..he knows the bottom to the penny...so when he tells you 255...a good bet would be to buy 265,,his job is to plant numbers in your mind..just a day before the planned fall... This Friday and Monday morning..

He was the only one in 2007 ,who said 50p..and everbody ..but everybody laughed at him...the more he repeated it the more they laughed.by doing so they " the hedge fund" judge the strength of your will to hold on to your shares..and of course lose and sell in panic at the very time you should be buying.... He had the last laughn when they hit 47p

Come on Monty tell them the contrarian truth.......Monty Hedge!!!!! The clue is in the name..

[lurkalot] 28/10/2010 09:22

Ken

I tried that before b1gman2 started but as you say it is a lot of effort.

If b1gman2 has already done it I was hoping to find an easier way if I can somehow get the data from him.

Any help appreciated!

[ludlowe] 28/10/2010 08:44

rainfull, why did yoy leave llods for this rampent rabbit , frying pan fire

[buywell2] 28/10/2010 08:28

BARC on it's way to 270p as predicted 2 months back

Here is proof that Brown WAS the bogeyman of the labour party



Has anyone shook hands with him ?

[bobp] 28/10/2010 08:27

Morning all,

It'll take a good 10% rise to get this back to even three quid!

I'm going to wait until we get a bounce, a slight pullback and then jump in and hope for a ride up. Simple as that.

It is now totally impossible to accurately predict a floor for this. 300, then 295, then 290 then 285 then 280...all we are doing is picking an easy figure out of the air.

On that happy note I'm off to the gym then into town for a decent coffee.

Catch y'all laters

[wenlynn] 28/10/2010 08:17

rainfall,
I'll pass on your views to Bob.

[rainfall] 28/10/2010 08:15

all posters have there views this are mine .
SO COME ON BOB GIVE US YOURS
WE NO THAT YOU HAVE PEOPLE READING THIS BB

[rainfall] 28/10/2010 08:13

when diamond talks he sounds and acts like W MITTY no wonder the share price is falling the man is not good for barcs having looked at him in full he got 22m for invisable money it was all fiction it did not existif it did where are all those billions now

[montyhedge] 28/10/2010 08:04

Dead cat bounce, up 1 down 2, up 1 down 2, slowly going to 255p, short term.

[rainfall] 28/10/2010 07:54

bantam every one has is own views i have looked at all the invester views .
and only a few think he will be good for barc .investers are waiting invane for him to speak about barc but they will have a long wait he is lost in time
or is he manipulating to keep the share price down for is bonus shares this is my view
i think he is only interseted in is own ends