Reply to: Barclays Share Price

[Liability]

isnt life wonderful when you buy at the bottom and sell at the top -

[HairyArsedBloke]

If HMG takes a stake in BARC Monday then isn't it good that their price was down 25% late on Friday.

[Cyberman]

One can only assume they raised the cheapest capital possible with the exception of HMG's offerings in the last round (Sov Wealth Funds) and therefore its safe to assume there will not be any mroe capital on even comparable terms.

HMG have a chance to really **** Barclays up the arse. If I was GB I would tel Barclays they can have a bailout at 20% preference shares!

They would have no other choice! Available credit is even more scarce than it was when they took out the 14% rates with the Arabs.

Barclays are borderline satanic in their dealings, so I hope they get royally shafted!

Come to think of it, I have no need for loans and no real cash savings so I am quite happy for the banks to ALL get ****ed up the arse by this crisis, I m just angry and want revenge.

Well, HMG were truly nasty to Northern Rock for much lesser 'crimes', so perhaps HMG should nationalise them without compensation...moral hazard and all that !!! Let's bugger up a few more pension funds.

[PM-Junkie]

Barclays are borderline satanic in their dealings, so I hope they get royally shafted!

WHS

...actually, I'd say they crossed the line some years ago.

[Solidec]

What hasn't been noted is that Barclays is quite big in Africa so they do have another revenue stream to raise finds from that doesn't require government intervention.

One can only assume they raised the cheapest capital possible with the exception of HMG's offerings in the last round (Sov Wealth Funds) and therefore its safe to assume there will not be any mroe capital on even comparable terms.

HMG have a chance to really **** Barclays up the arse. If I was GB I would tel Barclays they can have a bailout at 20% preference shares!

They would have no other choice! Available credit is even more scarce than it was when they took out the 14% rates with the Arabs.

Barclays are borderline satanic in their dealings, so I hope they get royally shafted!

Come to think of it, I have no need for loans and no real cash savings so I am quite happy for the banks to ALL get ****ed up the arse by this crisis, I m just angry and want revenge.

[Ardesco]

What hasn't been noted is that Barclays is quite big in Africa so they do have another revenue stream to raise finds from that doesn't require government intervention.

[OwlHoot]

From an article here in today's Observer:

Barclays, for example, is in a position analogous to Citigroup and Bank of America. In 2007 close to half its profits came from "investment banking", now so perilous for its American counterparts. Barclays is the leader in so-called corporate "synthetic" structured investment vehicles - complex and even more dodgy than the securities that have brought low Citigroup and Bank of America. On Friday credit-rating agency Moodys announced new and more demanding criteria for how "synthetics" will be valued in future - implying that bank guarantors will need to find billions extra in capital to support them. Barclays could have to raise up to another £10bn capital to support its investment bank operation; impossible, except from the taxpayer. With the ban on short selling lifted on Friday - an asinine genuflection to the interests of hedge funds - it was an obvious target. The bank rushed out a statement late in the evening declaring good 2008 profits and solid capital ratios. But the issue is 2009, given the new rules. A taxpayer bail-out for Barclays - a view shared by a growing number of officials, if not all - is close to inevitable.

The prime minister is incandescent; the bank has not been straight with either the government or its shareholders about its balance-sheet risks. It did not share in the first round of bank recapitalisation, instead raising cripplingly expensive funds from Arab sovereign wealth funds. When Britain needs all its big banks to act together to stop a credit crunch-induced slump, Barclays, putting its own interests - and bonuses - first instead triggers a second phase of the crisis. ..

The author of the piece, Will Hutton, is a socialist. So his conclusions and spin should be viewed in that light. But as a statement of fact, if such it is, the above may help explain the drop in Barclay's share price.

[BrilloPad]

Been poorly.

Catching up with propper stuff so not got time during the business day. Maybe in a week or two I'll have more time.

get well soon.

[HairyArsedBloke]

I miss your posts. I hope you visit more often....

Been poorly.

Catching up with propper stuff so not got time during the business day. Maybe in a week or two I'll have more time.

[BrilloPad]

The government know something that the market doesn't -




Ah, the 70's a back.

I miss your posts. I hope you visit more often....

[HairyArsedBloke]

The government.

The government know something that the market doesn't -

I have a little more integrity as to who I invest in. Barclays' morals and who they choose to do business with are not for me, thanks.

Ah, the 70's a back.

[Ardesco]

Get stuffed.

bit touchy for a contractor....

[PM-Junkie]

You are a contractor - you dont have morals - you work with and for the highest bidder.

Get stuffed.

[SantaClaus]

Spread betting co, a straddle seems far too complicated for my simple brain!

A straddle is just a pending buy and sell order above and below the current price range (consolidation). With a straddle you are hoping that price will break out long or short and pick up your pending order.

The downside is you are open to "head-fakes", price goes one way, picks up your order and then reverses, stopping you out.

Absolutely nothing to do with spread betting though.

[Liability]

I have a little more integrity as to who I invest in. Barclays' morals and who they choose to do business with are not for me, thanks.

You are a contractor - you dont have morals - you work with and for the highest bidder.