Bye-bye Barclays

[DaveB]

Cyber-dicksplat

[thelace]

just out of interest (i've never owned shares) when do the shares pay a dividend, and when do you have to own them to be paid this dividend?
i.e. If I bought today, then they announce their 2008 profits, and declare what their divs will be, do I get the divs, or is there some cut off date to stop people buying shares just before the dividends are issued?
I'm an investment virgin, so I don't know how these things work.

I can't see any companies paying a dividend in this current climate. They are best placed using the cash to reduce debt and increase cash holdings.

[Mich the Tester]

They are best placed using the cash to reduce debt and increase cash holdings.

You're so smart you're either a northerner or I will campaign for you to be made an honorary northerner.

[cailin maith]

I can't take the credit... it was EO who came up with that

[DaveB]

I can't take the credit... it was EO who came up with that

Yeah, but you're better looking and give a better

[cailin maith]

Yeah, but you're better looking and give a better

Why, thank you Now, lets get back toTPD where we belong

[Sysman]

you guys need to look through the tulipe - Barcap are onto a winner with there recent acq from Lehman - in fact it is already making millions for them.

The retail bank has an issue from what I can tell - being honest with the right downs and also deciding how to reflect that in the balance sheet. This I beleive is the issue - but yday's short selling was largely responsible for the share price fall.

If Barclays have to do another right down of more than £10 billion - it is BYE BYE. However this looks unlikely and I would suspect some creative accounting can do well to buy time and get in the profits in the hope that they hit gold when recovery begins.

write down(s)

[Liability]

write down(s)

My bad! The excitement for me today is too much! I want it all to be right!

[ace00]

It's like October all over again.

Might be ending this week (day?) with a fully nationalised banking system in the UK.

[Solidec]

54.9, down 25% this morning.

Oh dear! Couldn't happen to a nicer bunch of people