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.

Still have another 50% to fall imo.

You could be right Mitzy, in this climate no news is very rarely good news and they have been pretty quiet in that department

Certainly have dean and 30p would probably be fair value given the uncertainty re toxic debts.

mitzy/deanphillips - so what's yr take on BARC being D4E by the Arabs that lent only recently? - I bought a few at 1.05 and already I've lost a leg!
Certainkly they claim to have some interesting technology ( cash-less society?) - but will the public go for it? . . . will it be a hacker's dream ( Nigerian Bank deposits anyone?) -
- These Bankers have fallen down massivly

Still a sell not sure about D4E at the moment but no buy signal on the horizon stay clear.

At the end of the day it boils down to belief and trust. Barclays are a major bank, they have some very good people, they have looked to grow stronger in the current turmoil - Lehmans and more recently activity in US. I dont know if the share will open down or up today, who does in the curent climate of fear. What i do know is that barclays will be around in 10 years and longer and that stuffing a few shares around at these prices seems like a no brainer.

tf. To my way of thinking,and I expect many others,the turn around has everything to do with the same thing happening in the U.S. market .Let,s hope that it is soon!
The confidence in bankers( I was tempted to start that word with a "W") is still at the bottom of the cliff from which it has fallen.
Barclays still are free from state control,but the fear that a few skeletons might still be found in the closet still exists.

the dead cat is moving a little today

Every share has its moments.

With BARC preferring Arab interest-rates which I believe are a very uninviting 12%anyone know how they are making their money?cant be lendingI am with Mitzythe company are as transparent as a Golliwog in a paper bagthe Government are now stating if Barclays turn up their accounts will be scrutinised with a Forensic treasury evaluationOdds1/5 they fail the test!

you don't mean that the audit would be fixed to ensure the required result surely!

hangon, I think they are still holding secrets back, and if my spider senses and cynical mind are correct, they are trying to hide whatever they can to avoid what other financial institutions have endured having disclosed almost fully their shocking practices. I would not be surprised if they got found out sooner or later.

More than a few are now predicting a huge rally in banking

Interesting news today, is this the first skeleton to fall out of the closet?

deanophillips - it would be very surprising if Directors of a Listed company were to deny info to the Market as is their duty - IF - it wasn't pretty clear that said directors appear not to know very much -and maybe allow lapse of memory to avoid admitting to the truth. That appears to be what has happened.
I don't know-so, but with current open-season on defaulting - it is almost certain some loans will turn to dust. The issue shareholders need to address is whether the financiers now propping-up this ediface will demand a D4E swap, effectively wiping out small retail-investors.
This is a slightly lower risk than LLOY, (IMHO) since "new-LLOY" is a struggling nouveau swimmer that's been thrown a lead-lined lifebelt in the form of the disgraced HBOS . . . how HBOS shareholders should have whooped for Glee ( although they didn't yet know the dire state their Bank was in, I guess).

Good point hangon and well made, however I would put nothing past these people!

SELL BARC...

With the government having grabbed control of yet another high street lender, attention is now focused on whether Barclays can continue to retain its independence. After raising capital from middle eastern investors in November, on terms that were more expensive than those on offer from the government at the time, Barclays has fought hard to avoid falling into state hands. But the suspicion is growing that, if both RBS and Lloyds require ongoing state support, then Barclays - which has had no such help - must be growing short of capital.

Barclays is already thought to be considering joining the governments asset protection scheme. But the bank could have to pay a high price. "Based on the RBS scheme, it looks like Barclays could pay the fee in cash," says banking analyst Leigh Goodwin of Fox-Pitt, Kelton. "But the stress tests being applied by the government are much tougher than they were in October and Barclays could be obliged to boost its capital." Certainly, it's possible that Barclays could try and again raise funds from private sources but, as Mr Goodwin points out "its more likely that that they would look at B shares [issued to the government]".

On GM T.V. this morning, Barclays to join toxic bank offer from gov.

Up now about 40% from its' recent lows

Huge volume also. Day traders must be loving it! Trend is still down however. Keep taking profit, imo.