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

BARC shouldn't have a problem getting the rights issue away with a 40% discount @ around 180p at present.

.

[Deep discount Rights issue - TV News Item.]
Seems odd to me that no-one saw this coming! No doubt the Execs will get a Bonus if they manage to pull-wool again. As I think the 50-p level was nearer the mark (2007.?). . . . and still is.
If Banks can't make profits as a result of their tricks, then any returns will be far less than the past performance.

Have they clarified the details?
Who is eligible and at what price?

Just what I would like to know as I have quite a few of these.,.

1 for 4 @ 185p

smarty - see post 1165 - its the timing that is the unknown atm - September mentione.

A couple of observations from the half year report. "Available for sale investments" now almost £92BN (shareholdrs equity c £60BN) - what on earth are these and what is their true value, best guess anyone? Also note that PwC has double negative in their opinion i.e. "nothing has come to our attention which causes us to believe the statements are not in accordance with International accounting standards". Not noticed this before - seem to recall in the good old days that for any/all companies we used to look for auditors opinion that " they present a true and fair view of the company's positon as at.....Don't blame them, as I suspect that neither the auditors nor the Barclays directors fully understand all the items in this balance sheet, no change there then over the last ten years, but wtfdik.

Should bounce off 283 ?? like it has done previously ?

Barclays reviewing UAE retail business for potential sale

DUBAI | Tue Aug 13, 2013 9:06am BST
(Reuters) - Barclays Plc (BARC.L) is conducting a strategic review of its retail banking operations in the United Arab Emirates which could lead to a sale of the business, according to two sources familiar with the matter.

Barclays, Britain's third-largest bank, confirmed on Tuesday that it was holding a review of the retail business in the UAE but did not provide any further comment. The sources spoke on condition of anonymity as the matter is not public.

Anybody taking up the offer of 1 for 4 at 183.

Chart looks promising.

Anybody taking up the offer of 1 for 4 at 183.

Chart looks promising.

Nil paid - ticker BARN listed.

RBC note out yesterday (RBC is bookrunner):
"We have adjusted our revenue forecasts to reflect comments on July/August but assumed September 13 revenue is flat on last year. We have also assumed no cost offset in H2 13, which is conservative, but explained by the fact that we are already at £18.3bn of costs ex Costs to Achieve (CTA) in 2013 versus the £18.5bn target. We do forecast some rebound in FICC in Q4 13 and a moderate rise in 2014/15, which explains the lower downgrade in 2014/15.
Post our adjustments our price target moves down from GBp320 to GBp310 (on an ex rights basis) in line with our 2015 forecast adjustment. This assumes that the shares trade close to 2013E TBV. We set our price target based on a 2015 valuation discounted back two years using a cost of equity of 10.7% using a price to book/ROE model and a sum of the parts, the average of which point to a price target of GBp310."

Announcement of Results of Rights Issue

Barclays is pleased to announce that, under the terms of the Rights Issue announced on 30 July 2013, as at the latest time and date for receipt of valid acceptances, it had received valid acceptances in respect of 3,046,197,378 New Ordinary Shares, representing 94.63 per cent. of the total number of New Ordinary Shares offered to Shareholders pursuant to the Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. today, 4 October 2013 and that definitive share certificates and Sharestore Advices will be despatched to the relevant Qualifying Shareholders by no later than 17 October 2013.

It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities at 8.00 a.m. today, 4 October 2013.

QTR 3 IMS next Wednesday 30th October.

Bought in here this mornning ahead of tomorrow's update.



29 Oct 13 Goldman Sachs Neutral 265.13 310.00 310.00 Reiterates

28 Oct 13 Barclays PLC Deutsche Bank Buy 265.13 325.00 325.00 Retains

23 Oct 13 Barclays PLC Citigroup Buy 265.13 320.00 320.00 Reiterates

skin quite a large gap to fill on your chart?

Yes - 260ish has proven to be reasonable support over the last few years.

Interim Management Statement

Group Performance Review

Funding and Liquidity1

- Consistent with our plans to optimise the size of the liquidity pool, within our established liquidity risk appetite framework, the Group liquidity pool reduced £8bn during Q3 13 to £130bn2 as at 30 September 2013. It remains in excess of our internal and regulatory requirements. During the first nine months of 2013, the month end liquidity pool ranged from £130bn to £157bn (Full Year 2012: £150bn to £173bn)

- Cash and deposits with central banks accounted for £61bn of the liquidity pool (30 June 2013: £71bn)3, Government bonds accounted for £49bn (30 June 2013: £47bn)4, and other available liquidity accounted for £20bn (30 June 2013: £20bn)

- The Group estimated itsLiquidity Coverage-Ratio (LCR) at 107% at the end of Q3 13 (30 June 2013: 111%) based upon the latest standards published by the Basel Committee. This is equivalent to a surplus of £9bn above the 100% ratio (30 June 2013: £14bn)5. The reduction since 30 June 2013 is consistent with our plans to optimise the size of the liquidity pool

- The customer loan to deposit ratio for RBB, Corporate Banking and Wealth and Investment Management was unchanged at 94% (30 June 2013: 94%). The loan to deposit ratio for the Group decreased to 100% as at 30 September 2013 (30 June 2013: 102%)5

- The Investment Bank activities are primarily funded through wholesale markets. The Investment Bank does not rely on customer funding from RBB, Barclaycard, Corporate Banking and Wealth and Investment Management. Total Group wholesale funding outstanding (excluding repurchase agreements) was £198bn (30 June 2013: £217bn ), of which £85bn matures in less than one year (30 June 2013: £93bn) and £25bn matures within one month (30 June 2013: £30bn). The Group has £3bn of term funding maturing in the remainder of 2013 and £24bn maturing in 2014


Dividends

- We will pay a third interim dividend for 2013 of 1.0p per share on 13 December 2013 resulting in a 3.0p dividend year to date

Outlook

- We continue to remain cautious about the environment in which we operate and our focus remains on costs, capital, leverage and returns to drive sustainable performance improvements