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BARCLAYS TRADING UPDATE (BARC)     

peeyam - 06 May 2009 10:47

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 - 22 Apr 2012 20:26 - 951 of 1362

STANDARD LIFE avoid any dealings with this company unless you want very poor returns if any. they think barcs directors should get the bonuses

TANKER - 22 Apr 2012 20:33 - 952 of 1362

A Pirc spokesman said: "We hold the remuneration committee chair responsible. Someone must be held accountable for the shambles."

Barclays tweaked the pay packages of Mr Diamond and finance chief Chris Lucas in a bid to head off a potential bloody nose at its annual meeting at the end of this week.

However, both the Association of British Insurers and Pirc said the changes, which could see the two losing part of their 2011 annual bonus if they fail to improve profitability, did nothing to address their concerns. The ABI has put an amber alert out on Barclays, which remains in place.

TANKER - 23 Apr 2012 08:41 - 953 of 1362

the bank that is only run for the DIRECTORS .they should all resign they are not that good.

TANKER - 23 Apr 2012 09:34 - 954 of 1362

i am expecting more in the up date on thursday from the directors before the AGM
becomes a complete shambles due to very poor CEO

skinny - 23 Apr 2012 10:58 - 955 of 1362

Hardly an inspiring chart.

Lower MA now fallen through the 50 & 100.

TANKER - 23 Apr 2012 12:01 - 956 of 1362

diamond looking at new ways of milking the company

skinny - 26 Apr 2012 07:31 - 957 of 1362

Interim Management Statement.

- Adjusted profit before tax(1) of GBP2,445m, up 22%, driven by strong performances in both Retail and Business Banking and Corporate and Investment Banking with the non-Investment Bank businesses showing significant growth in adjusted profits

- Statutory loss before tax of GBP475m (2011: GBP1,655m profit), reflecting GBP2,620m own credit reversal and an additional provision of GBP300m for Payment Protection Insurance (PPI) redress

- Adjusted return on average shareholders' equity increased to 12.2% (2011: 10.2%) and adjusted return on average tangible shareholders' equity increased to 14.3% (2011: 12.3%)

- Excluding own credit, total income increased 5% to GBP8,138m. Investment Bank income was GBP3,464m (2011: GBP3,366m), up 3% on Q1 2011, and 91% on Q4 2011

- Credit impairment charge of GBP778m improved 16%, with an annualised loan loss rate of 63bps (2011: 76bps)

- Excluding PPI provision, operating expenses increased 2% to GBP4,949m, reflecting an increase in non-performance costs, with performance costs remaining flat. Adjusted cost to income ratio improved to 61% (2011: 62%)

- Core Tier 1 ratio remained strong at 10.9% (31 December 2011: 11.0%), with Core Tier 1 capital broadly flat and risk weighted assets increasing 1% to GBP394bn

- Raised GBP12bn of term funding, with term funding maturities of GBP27bn for full year 2012

- Net asset value per share of 445p (31 December 2011: 456p) and net tangible asset value per share of 381p (31 December 2011: 391p) impacted by the own credit reversal

- First quarter dividend of 1.0p per share (2011: 1.0p)

1 Adjusted performance measures and profit before tax exclude the impact of GBP2,620m (2011: GBP351m) own credit reversal, GBP300m (2011: GBPnil) provision for PPI redress and GBPnil (2011: GBP2m) gains on acquisitions and disposals.

skinny - 27 Apr 2012 10:06 - 958 of 1362

Maybe they might forgo some of their 'entitlement'.

HARRYCAT - 27 Apr 2012 10:11 - 959 of 1362

I thought you would be at the meeting today, skinny? I bet Tanker is there giving The Board a hard time, unless the bouncers have been forewarned!

skinny - 27 Apr 2012 10:14 - 960 of 1362

The last time I was at the RFH - Demis Roussos was on stage (I was working there I should add).

Apparently he is in London even as we speak!

mnamreh - 27 Apr 2012 11:01 - 961 of 1362

.

skinny - 27 Apr 2012 11:30 - 962 of 1362

AGM Statement.

We have taken on board feedback from some shareholders regarding the bonus awards made to Executive Directors, and in discussions with the Remuneration Committee and the full Board, Bob and Chris have voluntarily agreed to have the release and payment of their 2011 bonuses subject to a further performance condition. This means that half of their award would be forfeited if Barclays Return on Equity is below its cost of equity. I think this gesture acknowledges the concern expressed by shareholders and demonstrates Bob and Chris' confidence in the future prospects of your company.

mnamreh - 27 Apr 2012 12:15 - 963 of 1362

.

HARRYCAT - 27 Apr 2012 13:51 - 964 of 1362


Bank of America recommend 'BUY' today with a target price of 370p.

Nar1 - 27 Apr 2012 14:03 - 965 of 1362

370 would be nice

skinny - 27 Apr 2012 16:05 - 966 of 1362

Barclays said in the agm statement on Friday that its remuneration report for the year ended December 2011 was approved by 73.1 percent of votes cast, while 26.9 percent voted against the resolution.

Votes cast as % of Issued Share Capital 62.79%

TANKER - 28 Apr 2012 09:14 - 967 of 1362





LAST year Barclays said the time for apologies was over. Yesterday we got another one.

Marcus Agius blamed the strength of the pay revolt on the fact investors are not only keen for a fight, they want to show they are up for one. Good.

Barclays is a victim of its own breathtaking arrogance. At its results in February, it refused to reveal and justify its executive bonuses even though they were known.

It’s not that communication has failed, it’s that Barclays hasn’t even seen the point of communicating.

The bank simply hasn’t bothered to engage outside of its comfort zone.

There’s another worry. Bob Diamond is an exceptional talent.

But in handing him so much money Barclays is either signalling they can’t cope without him, or he runs the show a la Fred Goodwin at RBS.

Neither is palatable.

I will say this my views people where placed to support diamond .
the chairman was just jesting and could not give a toss for holders
diamond would not address the SP that as fallen under is leadership.
and in my view he should say why he thinks he should get this bonuses
for failure which is what we have .

TANKER - 28 Apr 2012 09:18 - 968 of 1362

as for certain fund managers they should hang there heads in shame .
any pension company should avoid companys like STANDARD LIFE .
you can now see why there products are crap .
so if you have a STANDARD LIFE product you deserve to be ripped off .
have a nice weekend .

and to call us hecklers was a disgrace .

HARRYCAT - 28 Apr 2012 09:20 - 969 of 1362

I can't imagine you heckling anyone, at all, ever, Mr T !!!!!!! ;o)

skinny - 28 Apr 2012 09:25 - 970 of 1362

LOL
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