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

@Tanker - At what price did you buy into Barclays?

I will stick with my short.

PRI i have been buying for a goodwhile some has high as 271p but alot at 147p now my avge is 194p i have a load of them ,
i spoke to a person from barcs for over 50mins on wednesday and are not concerned .
and will but more in oct but till then my cash is tied up and more than most people earn in 20 years.

barcs states it is still on target and no change to the interim statement

did buffet no some inside info .
is barc going to merge with with a enough big bank.

Delays to the Independent Commission on Bankings (ICBs) proposal to ringfence banks have prompted UBS to upgrade UK lender Barclays from neutral to buy.

The broker highlighted substantial potential value in Barclays if the proposals from the ICB did not precipitate a sharp near-term funding cost as a result of the introduction of ring fencing proposals.

The ability to have more time to get a balance sheet into the right place is likely to lead to lower restructuring costs to get there, the broker said.

The broker said that unchanged price target of 208p still reflects a significant haircut to book value as a result of regulatory uncertainty.

Have added again @164.9

Barc being sued for 660m by FHF.

Excellent timing - bloody yanks!

b diamond will be making a key note speech at barcap conference
next wednesday and you will be interested in the details

Why is he leaving. I will continue to short banks.

that is a week this wednesday

bernard - at what juncture do banks become o'sold? ..... presumably before RBS (for example) get down tom 10p

considering barcs didnt do too bad today - i was expecting more south - maybe tomorrow - sorry to anyone who bought prior to fhf - not just the the 660m if lose but all those other costs inclucing claimants costs + loss of confidence etc - what a time for this to happen

forget the us ueing banks it will not happen and will drag on for 10 years

aye

the Democrats can`t face more poll worries, or Obama will be out post haste

interesting thoughts but the ball has started rolling - if it goes on for years the costs will be very high to barcs - probabky cheaper to settle - rbs have the real worry @3.7Billion

Tanker can you imagine the legal bill if it draged on for years...its not good at all.

marky why assume they will lose the case?

Morning Hal, dont know enough to comment on the subject I just know that when legal firms with barristers get involved the only winner is the company fighting the case charging the huge amounts they do. It could drag on for many years.