Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. Company operates in over 60 countries and employs over 78,000 people.

            Red = 25 day moving average.           Green = 200 day moving average.

Wait for the bounce EK has closed hls short.

I'm sure that the turnaround will be spectacular - when it happens!!

Bought in @ 308 looks cheap as chips.

Maybe that 2003 low will provide some support, bought a few too

I doubt the 2003 support will hold at all.

Support has just been broken right now.

It seems to be testing it again, not breaking through it yet though yo have to admit it bounced almost 10% off it from yesterday so not a bad day trade!

Broken through 2003 low - Let's hope there is some good news soon about capital raising from China, Abu Dhabi, Middle East & Asia. I think the turnaround will be spectacular then.

F'ing needs to be!

looking at the above chart it looks more similar in shape so far to the 1998 spike down than the more drawn out 2003 one and it was back up to 500 on the former fairly rapidly though history never repeats itself...

looking at the above chart it looks more similar in shape so far to the 1998 spike down than the more drawn out 2003 one and it was back up to 500 on the former fairly rapidly though history never repeats itself...

Bought a few more ,cheap as chips!!

WEe thought that when they were 4!

It is not cheap with the article below today...



Barclays looks to Asia to raise 4bn - John Waples


BRITISH banking giant Barclays is close to raising 4 billion in a placing with some of the worlds biggest sovereign wealth funds.

The move is the latest in a series of capital raisings around the world by banks that have been hit hard by the credit crisis. Marcus Agius, the banks chairman, and his chief executive John Varley are expected to come under pressure tomorrow to clarify the fundraising in a stock-exchange statement.

The confirmation will put an end to the uncertainty surrounding the bank while the City has waited for details of how it will raise new capital.

The placing, to be completed within a fortnight, will involve issuing new shares to investors at a premium to Fridays closing price of 318p. This valued the bank at 20.9 billion.

hlyeo98 - tks. That's great news especially as the new shares will be at a premium. This should establish a floor for BARC shares and hopefully up and up from there.

Sounds good to me.

personally, i thought the article pretty good news and am happy to have bought at not too much above the current depresed level

yes looks good news. Be interesting to see what the premium is.

BARCLAYS PLC

16 June 2008

Response to press comment and trading update

Barclays notes recent speculation regarding the possible issuance of new equity by Barclays by way of a placing and pre-emptive offer to existing shareholders. The Board of Barclays confirms this is currently under active consideration. A further announcement will be made in the event that the Board of Barclays decides to pursue such an equity issuance.

In respect of current trading, Barclays Group profit before tax in May was well ahead of the monthly run rate for 2007. Relative to May 2007, Global Retail and Commercial Banking continued to deliver strong growth in profits and in Investment Banking and Investment Management profits were in line.

Excellent news from BARC this morning. UP UP UP UP today. (I hope!!).