barclays will ge coming out with trading update on 07.05.2009 It is expected to report profits higher than market expectations.

A good Buy Medium to Long term

I expected a lot worse but could still go down from here. I will be taking up my rights issue, seems daft not to when there is still a premium.

So Bull….do you believe the SP reaction legitimate? lol

I know straighter springs.. than the guys behind barc…

Look what happens if a banker shows 1% of honesty or decency….Stephen Hester. lol he resigned…yer right!

tabasco : surprised share price its not far worse. Do think the underwriters are going to make a packet, I expect they are already selling into this market and pocketing £1, I would if i could !

Espirito Santo Execution Noble Buy 295.25 309.05 418.00 418.00 Reiterates

Investec Buy 291.88 309.05 345.00 345.00 Reiterates

BARC shouldn't have a problem getting the rights issue away with a 40% discount @ around 180p at present.

.

[Deep discount Rights issue - TV News Item.]
Seems odd to me that no-one saw this coming! No doubt the Execs will get a Bonus if they manage to pull-wool again. As I think the 50-p level was nearer the mark (2007.?). . . . and still is.
If Banks can't make profits as a result of their tricks, then any returns will be far less than the past performance.

Have they clarified the details?
Who is eligible and at what price?

Just what I would like to know as I have quite a few of these.,.

1 for 4 @ 185p

smarty - see post 1165 - its the timing that is the unknown atm - September mentione.

A couple of observations from the half year report. "Available for sale investments" now almost £92BN (shareholdrs equity c £60BN) - what on earth are these and what is their true value, best guess anyone? Also note that PwC has double negative in their opinion i.e. "nothing has come to our attention which causes us to believe the statements are not in accordance with International accounting standards". Not noticed this before - seem to recall in the good old days that for any/all companies we used to look for auditors opinion that " they present a true and fair view of the company's positon as at.....Don't blame them, as I suspect that neither the auditors nor the Barclays directors fully understand all the items in this balance sheet, no change there then over the last ten years, but wtfdik.

Should bounce off 283 ?? like it has done previously ?

Barclays reviewing UAE retail business for potential sale

DUBAI | Tue Aug 13, 2013 9:06am BST
(Reuters) - Barclays Plc (BARC.L) is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.

Barclays, Britain's third-largest bank, confirmed on Tuesday that it was holding a review of the retail business in the UAE but did not provide any further comment. The sources spoke on condition of anonymity as the matter is not public.

Anybody taking up the offer of 1 for 4 at 183.

Chart looks promising.

Anybody taking up the offer of 1 for 4 at 183.

Chart looks promising.

Nil paid - ticker BARN listed.

RBC note out yesterday (RBC is bookrunner):
"We have adjusted our revenue forecasts to reflect comments on July/August but assumed September 13 revenue is flat on last year. We have also assumed no cost offset in H2 13, which is conservative, but explained by the fact that we are already at £18.3bn of costs ex Costs to Achieve (CTA) in 2013 versus the £18.5bn target. We do forecast some rebound in FICC in Q4 13 and a moderate rise in 2014/15, which explains the lower downgrade in 2014/15.
Post our adjustments our price target moves down from GBp320 to GBp310 (on an ex rights basis) in line with our 2015 forecast adjustment. This assumes that the shares trade close to 2013E TBV. We set our price target based on a 2015 valuation discounted back two years using a cost of equity of 10.7% using a price to book/ROE model and a sum of the parts, the average of which point to a price target of GBp310."

Announcement of Results of Rights Issue

Barclays is pleased to announce that, under the terms of the Rights Issue announced on 30 July 2013, as at the latest time and date for receipt of valid acceptances, it had received valid acceptances in respect of 3,046,197,378 New Ordinary Shares, representing 94.63 per cent. of the total number of New Ordinary Shares offered to Shareholders pursuant to the Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. today, 4 October 2013 and that definitive share certificates and Sharestore Advices will be despatched to the relevant Qualifying Shareholders by no later than 17 October 2013.

It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities at 8.00 a.m. today, 4 October 2013.