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

little info for holders the big funds want these shares so dirty tricks will start .
they will try to push down the SP .

coming from a family of life long right wing torys .
this gov is a disgrace they are destoying the markets
and lost cameron is a big fool and we need to get rid of him.
osborne is the biggest fool and as for clegg and cable
they a sick joke.

... Well I certainly won't be voting for them again -):

Havent been on the boards for a while looking at barclays any thoughts on how low they wil go.

I will say this B/D is on about return on capital of 13 percent so why is he NOT buying back stock to over 100 percent on there own stock. .
or is B/D not that good.

GS have assumed a 9.6bn cost for UK banks associated with the ICB. This is significantly higher than the ICBs estimate of 4-7bn and implies that the regulation will make the UK banking sector less competitive internationally, which is contrary to the Commissions stated aims.

The analyst assumes that only 20% of these additional costs will be passed on to customers, incentivising banks to restrict lending, which is again contrary to the ICBs aims.

The analyst assumes a further 11bn cost to the UK banking industry from other regulation, without clarifying the extent to which some of these costs are already being realised.

GS assumes that Barclays will be hardest hit by the ICB, due to the wholesale funding requirement of BarCap outside the ring-fence. We expect mortgages to be a key source of funding (through covered bonds and secured issuance) for BarCap.

They assume that Barclays RoE stabilises at 9.6%, which is below our RoE target of 13% by 2013, which Bob Diamond recently re-iterated on the Q3 IMS conference call.



Given the regulatory uncertainty we have chosen to conserve capital and thus we are not buying back stock at this time.

well it looks like the world banks are going to wake up .
it loks like the turn back to growth.

Amazing. Almost back up to 2!!!

Note from Macquarie today:
Barclays (Downgrade to Neutral from Outperform; reduce TP to 180p from 250p) In contrast, after outperforming peers by over 25% this year, Barclays looks fully valued. Having become the default UK Bank of choice in recent months, we believe that investors have lost sight of the continuing risks within the trading asset portfolio including a persistent 25bn of Level 3 assets. We downgrade the shares to Neutral and remove them from our Bank Conviction list.

Morgan Stanley reiterates its overweight stance but lowers its TP from 220p to 210p :-))

80% of analysts had a buy or hold on TCG the week before they lost 75% of their value. There has been tp's of 7 and much more on RKH for ages. Recommendations and tp's have to be taken with a box of salt, some will be right but many others wrong.
As always DYOR
2517

I think the worst one was ADM - I had lots of buy notices in the immediate period before it crashed - I've even had one today saying its a buy @911p ( now down a further 38p @889.5p).

you must always remember ANALYSTS .are rarely correct and change in minutes .
they are in most cases downgrading for there own ends

all eu banks to sell assets

Arabs and Chinese banks love that. They have done this with Africa, pay above market price, but gain 20%-50% in a year.

are barcs about to help spain by taking over some of there banks

barcs as a enough cash to buy spain outright

and i am going to buy a home in spain through a british bank that own it

on target for 7b profit

Not the 'Costa del Brits abroad' Tanker? I can't think of a worse place to live! Well, excluding Middle East..........