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

THE board did not answer one question . because they new it would be over in one hour and just ignored the questions and answered with there own end views .
if the board resigned tomorrow it would not affect the bank .there are better people
out there who would do a better job for far lower salary .
diamond is not that good . its all smoke and shite.
lets give them 6 months and if nothing as changed we will go for
a EGM.

this company is run by greedy dishonest people

Where is next support ?

Why Barclys falling while other banks are quite stable?
Any issues related to this one?

was told its a knock on effect from JP Morgan's fiasco

Did they go against them or JPM?
It should be good for them.

what a great CEO we do not have he as taken is millions for destoying the bank in is 18 months as ceo down 28% since march 25th. and down from 375p when he took over .

been told to buy back at 150p by hedge funder...apparently big shorting going on

Breaches 180 then yeah is could go to 150 even 140

Waiting for 160p buy there and sell 210p, probally be September future now. I believe lack of yield is whats holding BARC back, pick up the yield and we'll see higher prices. Board not interested in shareholders though so no point holding equity.

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"In September last year Barclays investment in BlackRock was written down to a fair value of £3.4bn. The subsequent increase in value of the stake has been taken to equity.

For regulatory capital purposes the increase is not recognised in Barclays core tier 1 capital. The market value of Barclays investment in BlackRock, based on the closing price of BlackRock common stock on 18 May of $171.91 and assuming conversion of preferred stock, was £3.8bn. A further statement will be issued following pricing of the offering."

So a profit of 0.4 billion, or is that to simplistic mn?

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I meant have I read it right.

A small profit according to the T/G http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9279638/Barclays-facing-1bn-loss-from-BlackRock-disposal.html

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No immediate visible change in SP so far.

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To early for me thank you.. oh sorry I see what you mean now -):

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Analyst Ian Gordon:
"Cashing out Blackrock: sensible not transformational, 21st May, one of Barclays’ greatest triumphs was the December 2009 disposal of Barclays Global Investors to Blackrock, crystalising a disposal gain of £6.3bn. This substantially adressed a need to accelerate Barclays’ capital build as well as representing a near top-of-the-market disposal. In comparision, today’s pricing of the disposal of Barclays residual stake is much less material, but satisfactory all the same. We believe that Barclays’ motivation for the transaction was to avoid the more aggressive capital allocation which would have attached to its Blackrock stake under Basel 3, as well as candid recognition that the market was giving Barclays’ share price absolutely no credit for the “earnings diversification” afforded by its residual Blackrock ownership. As such, an exit at “par” is understandable, even if today’s “par” is c.22% below Blackrock’s 31 March 2012 share price of US$205.
For us, the Barclays story remains largely “as we were” – a bank for which RoE will disappoint against Management’s own aspirations, but not the market’s more realistic expectations, and where the ongoing drag of specific risk issues (e.g. Spain) is adequately reflected in our (and consensus) expectations. Barclays still trades below 0.5x current tNAV which is, we believe, the wrong price for a defensively positioned, well capitalised and solidly profitable bank.
Our unchanged TP of 240p equates to 0.6x tNAV – an appropriate discount for an extended period of subdued RoEs, and suggests 27% absolute share price upside plus dividend support. We remain Buyers.