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.

This will see 2.00 before it sees 3.00, none of the banks are worth a punt at the minute, falling knives

quite possibly or even probably ..... i certainly would not even consider buying until 225 which ought to provide support, being 50 dma

Oh well, can't get it right all the time. Will wait watch and buy again, nothing lost imo.

Holding midday at 260p very nicely, also lloyds holding around 67p

Still looking good, up this morning 264p my buy looking better. :))

285 back in profit. :))

New Target Price for Barclays. The market doesn't seem to agree


Societe Generale:
---------------------------------------------------Target Price -----Old Target Price
Barclays--------------------------Buy (Hold)-----------440P--------------(260P)

Evolution ups Barclays TP to 485p from 423p, stays on buy
Business Financial Newswire

3rd quarter results due in a week or so, will BARC (dare to) declare a dividend?

Already committed to small payment in December, so lots of egg on face if they don't. Results should be very good, although no doubt sensitive to political issues at present. Their public face not helped imo by recent deal with Protium (ex Barclays Capital employees) to buy shedload of "toxic" assets at todays distressed prices - with loan from Barclays. Seemed to me that upside lies mostly with Protium, to the detriment of shareholders, but wdik.

partridge apart from off-loading toxic assets they have also shed a number of very expensive (bonus driven) people, so it looks like a good deal to us.

Barclays buys Standard Life bank for 226m

Interim Management Statement

Performance Summary
Profit before tax for the nine months ended 30th September 2009 of 4,542m
Excluding movement on own credit, gains on acquisitions and disposals and gains on debt buy-backs, profit before tax increased 116% from 2,046m to 4,413m
Income for the nine months up 26% year on year
Positive cost:income jaws of 7%
Annualised loan loss rate of 136 basis points on a constant balance sheet and foreign exchange basis, compared to 144 basis points for the first half; impairment for the full year currently expected to be around the bottom end of the previously referenced 2009 consensus range of 9.0bn to 9.6bn
Continued strengthening of capital and liquidity positions

Interim dividend of 1p per share

Overall I am disappointed with these results - and had hoped for at least 3p by way of dividend. Bankers preach the maxim of "Sales are vanity, profits are sanity" and looks imo that they should practice what they preach.

From J P Morgan today:
"Overall, this is an exceptionally - one might almost say unnecessarily - messy statement. The use of qualitative commentary for 9M periods is especially unhelpful, and the level of disclosure bears poor comparison with RBS last week. What seems to be emerging is that the big driver of Barclays' performance in recent years, BarCap, has stalled, but, on a more positive note, the provisions are better. The stock has underperformed the European sector by 8% over the past month and 11% over the past quarter, and does not look expensive on 1.0x 10E P/NAV. However, the unclear message in the statement, together with the weakness at BarCap, will unsettle the market, and we also believe that Barclays has a material capital deficit (11.8bn.) to address. We remain UW, target price 280p."

As with all banks (and other companies come to that) it's what they "don't say" as much as what they do IMHO.

BARC is having to steadily "chomp" through its portfolio of bad debts like other banks, it will take at least another year before this process is over,unless of course the property market takes a dive.

These are going down to 260pence soon.

YOU AND I HOPE///

NOt so far away 275pence,did you get back in?