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.

An impressive day for Barclays today with a good climb against a backdrop of another sea of red on the markets. The news that consumer bad debts haven't reason must be a relief to many.

barc a steal at 510 Pe 10.17 div 4.24%
to match analyst expectations
purchase of own shares for cancellation
takeover possible china india russia america awash with money looking to get in.
HAS TO BE A STEAL

Agreed jt, especially as missing out on ABN was with hindsight a blessing in disguise.

am in at 509p, onwards and upwards
Alex

in @502p , will stay in for divi , stop loss @ 440p

heavy resistance likely at 530 .... see below

agreed , will be tested sooner than i imagined

I think this share is way oversold and could be a good time to buy now? Anyone has got the same opinion?

The market seems to think their are more problems hidden in the "woodwork", but all will be revealed on 19th February 2008.

I thought so as well looking at citi and merrill. Having said that, I think the volume is pretty heavy today and may well cross 100m by the end of the day. Interesting...

I suspect that those new CEOs (citi & merrill) have pushed the mark real low with recent results release and blame it on the former, so that they may have a comfortable margin to perform well from the low.. I reckon its not that bad after all. What do you think?

Barclays American senior executives should know the answer to you question.

over 10 ml buys after the close.

BARC is looking cheap.

Not according to latest JP Morgan downgrade.

They may look cheap to the heart, but the head looks at the balance sheet. As at 30th June, amounts outstanding under "Trading Portfolio Assets" were 217Billion, up from 178Billion at 31/12/2006 and they also had around 175Billion outstanding under both assets and liabilities for "Derivative Financial Instruments". I cannot begin to understand what these figures actually represent, but basic maths tells me that if even a modest percentage is written off, it would not need to be very high to wipe out shareholders equity (excluding minority interests) of around 20Billion. I remain a rather nervous holder, at present prepared to give the management the benefit of the doubt, but 19th Feb will be an interesting day and I hope the auditors earn their fees by putting their statement on the state of the accounts in terms a layman can understand.

partridge, a month or two back the Fed called in members of the top 7 US banks to discuss what their requirements might be in a possible liquidity problemin future. I dont remember any subsequent news coming out abt this, however(you know Im ggoing to say this!) Barc and RBS were represented because of liabilities of their wholly owned subsidiaries. I hope my suspicions are not justified. For Barc it could well prove to be a good thing they did not take over ABN, RBS being delayed in reorganising by having to wait a Dutch court decision. Any way the yeilds on the shs show the markets views on the risks, not a holder.

Honestly, I don't think anybody would know exactly the writedowns related to the subprime. As Bernanke has mentioned that the related financial products out there could amount to 1 trillion and a worst case discount would definitely be less than half of that. So maybe about 100 billion to 400 billion. The worms crawly out of the can so far has amount to about 175-200 billion. So now could be a good time to add some position?

Anyone joining the party? Bought in some more today.

Here we go! Seems like a rally for the next few days. Way oversold!