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

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.

marky most large corporate disputes are settled out of court, the payment of legal fees is decided by the parties involved and may be insured.

Down she goes even when the FTSE is up

remember this lehmans case is still going on barcs wants the rest of the cash

Golden parachute for some at the top.

I want my money back.

BM i have always posted that DIAMOND IS useless muppet and not a very honest person in 07 08 you could not get him off the tv now you can not get a word out of him

Maybe to busy planning where to put his stash. Should talk to Fred the shred he has hid his well, under Philip Greens bed.

i doubt barcs insured against this type of action - it is virtually uninsurable i am afraid - may have very limited insurance but stringent caveats will be invoked

investor relations state that it is not a problem at all .
b diamond to make a statement next wednesday at barcap

icap and barc and hsbc to move out of uk if not good news next weeek
thousands of jobs will go by xmas .it could be up to 52000

Probably one of the best daily trading shares with swings of 5% in one day.

Best short for sure.

diamond is going to make a statement on wednesday and ivestors will find it interesting

i have not seen this on there web site

is barcs about to annouce thousands of job cuts next week .
in the uk .and 3 other banks and ICAP TO MOVE

there will be some cheap houses for sale when they lose there jobs

Anyone buying property should offer 20% less than the asking price.

bm at least 33% they will be desperate because if you are unemployed you do not want to own anything spend or put your money under your bed .
fre rent free council tax and other benefits .remember if they are over 45 no one will ever employ them again .so spend and rent if you live week to week .
if you dont you may has well be dead

Morgan Stanley note out today:
We see value in Barclays at 0.5x 11e TNAV with a 9.6% RoTE in 2012e. We expect a re-rating, as we believe ringfencing implementation may be delayed, and perhaps a leg up if sovereign fears abate. However, remaining conscious of risks, we cut 2012e EPS 12% on weak i-bank revenues and factor in a 1bn fall in value of the BLK stake in 3Q11.

We cut our 2011e Barclays Capital revenues by 8%, after a weak July/August. We now factor in only 11.2bn of Barclays Capital total income for 2011e (down 15% vs 2010) with FICC revenue down 20% y/y, IBD -12%.

There are plenty of other issues out there too, including 1. Elevated funding costs indicators with CDS spreads at 247bps (Dec 10: 121bps); 2. Around 3.3bn hit to TNAV from pension deficit, BlackRock stake revaluation and potential Lehman /FHFA settlements; 3. Peripheral Europe exposure (172% of TNAV) though this is mainly lower risk Spain / Italy retail mortgages.

Barclays does not need to hit anything close to the 15% RoTE target to rally: We are naturally disappointed by the recent stock performance, but we do see value from these levels. Our forecasts are below consensus, but the stock has fallen 48% in the last 6m vs 2012 EPS revisions only down 12%, indicating the stock already anticipate material earning cuts.
We prefer Barclays of the domestic UK banks at 0.5x diluted tangible NAV (Dec 11e 329p), given a stronger funding profile, less problematic CRE exposure and more fear priced ahead of the ICB, which we believe would see significant delay to potentially radical proposals. We remain cautious on Lloyds (UW) / RBS (EW).