Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Mchambers
    • By Mchambers 31st Mar 17, 9:34 PM
    • 101Posts
    • 30Thanks
    Mchambers
    May be a good time to buy Barclays Bank shares and interesting AGM
    • #1
    • 31st Mar 17, 9:34 PM
    May be a good time to buy Barclays Bank shares and interesting AGM 31st Mar 17 at 9:34 PM
    Hi all,

    Please refer to :

    http://www.telegraph.co.uk/business/2017/03/23/city-regulator-reopens-probe-qatars-crisis-era-rescue-barclays/

    I expect that Barclays will not fair well when the SFO and FCA announce their findings over the next few weeks and this will impact their share price; so it may be a good time to buy after the SFO announcement, wait a few days or weeks for the share price to recover and for then sale them for a quick profit.

    Interesting that they have sent out their AGM notice this week and their ceo has now become James Staley rather than Jes Staley and he was at the end of the list of directors to vote for. Reminded me of when they removed Bob Diamond from the board in order to hide how much he was earning.
    Last edited by Mchambers; 01-04-2017 at 2:43 PM.
Page 1
    • hollydays
    • By hollydays 1st Apr 17, 12:34 AM
    • 14,933 Posts
    • 10,715 Thanks
    hollydays
    • #2
    • 1st Apr 17, 12:34 AM
    • #2
    • 1st Apr 17, 12:34 AM
    What is the financial press saying?
    Do you have any links?
    Are you an expert?
    • HHarry
    • By HHarry 1st Apr 17, 9:01 AM
    • 384 Posts
    • 251 Thanks
    HHarry
    • #3
    • 1st Apr 17, 9:01 AM
    • #3
    • 1st Apr 17, 9:01 AM
    I'm confused. Why would you buy now, if the share price is likely to be impacted by the announcement? How does that make a profit?
    • hollydays
    • By hollydays 1st Apr 17, 10:02 AM
    • 14,933 Posts
    • 10,715 Thanks
    hollydays
    • #4
    • 1st Apr 17, 10:02 AM
    • #4
    • 1st Apr 17, 10:02 AM
    I really meant links that suggest this is a good option
    • IAmWales
    • By IAmWales 1st Apr 17, 12:07 PM
    • 561 Posts
    • 1,113 Thanks
    IAmWales
    • #5
    • 1st Apr 17, 12:07 PM
    • #5
    • 1st Apr 17, 12:07 PM
    What is the financial press saying?
    Do you have any links?
    Are you an expert?
    Originally posted by hollydays
    It's that chap who kept posting about Barclays and PPI, claims to be a whistleblower, and the forum team kept deleting his posts.

    Seems a tad obsessed.
    • Barny1979
    • By Barny1979 1st Apr 17, 12:57 PM
    • 3,625 Posts
    • 42,108 Thanks
    Barny1979
    • #6
    • 1st Apr 17, 12:57 PM
    • #6
    • 1st Apr 17, 12:57 PM
    I'm confused. Why would you buy now, if the share price is likely to be impacted by the announcement? How does that make a profit?
    Originally posted by HHarry
    My thoughts exactly.
    • Pollycat
    • By Pollycat 2nd Apr 17, 8:17 AM
    • 16,917 Posts
    • 41,086 Thanks
    Pollycat
    • #7
    • 2nd Apr 17, 8:17 AM
    • #7
    • 2nd Apr 17, 8:17 AM
    Why is this on Praise, Vent and Warnings board?

    It appears to be none of the above.
    Wouldn't it be more appropriate to the Savings and Investments board?
    • Mchambers
    • By Mchambers 7th May 17, 12:41 PM
    • 101 Posts
    • 30 Thanks
    Mchambers
    • #8
    • 7th May 17, 12:41 PM
    • #8
    • 7th May 17, 12:41 PM
    The Barclays AGM is on next Wednesday. Should be an interesting meeting; especially naughty boy Jes Staley is now being investigated by the financial regulators after inappropriately trying to identify a whistle blower, trying to protect his brother-in-law in a dispute with a big investor and then Barclays losing the investor as a customer, and some financial institutions have indicated that they will abstain when voting for Staley to stay on the board.

    He won't last long.
    • Mchambers
    • By Mchambers 11th May 17, 1:17 PM
    • 101 Posts
    • 30 Thanks
    Mchambers
    • #9
    • 11th May 17, 1:17 PM
    • #9
    • 11th May 17, 1:17 PM
    Not a good day yesterday at the Barclays AGM !

    Summed up beautifully in the Telegraph at :

    http://www.telegraph.co.uk/business/2017/05/10/barclays-boss-jes-staley-publicly-apologises-whistleblowing/

    There was also a item on BBC breakfast news yesterday.

    There was also a second article in the paper by James Quinn entitled 'Staley's actions could be a car crash for Barclays', which criticises John McFarlane's twisted analogy to defend Staley in which he stated "the action for going through a red light is you don't lose your license". John's comments were totally inappropriate and poorly thought as it does not stand up to scrutiny.

    Staley is toast IMHO and he will soon be gone.
    • IAmWales
    • By IAmWales 11th May 17, 2:28 PM
    • 561 Posts
    • 1,113 Thanks
    IAmWales
    You seem obsessed with Barclays.

    It is very, very odd.
    • Sicard
    • By Sicard 12th May 17, 7:55 AM
    • 507 Posts
    • 394 Thanks
    Sicard
    We all have our funny little ways, as my granny used to say. She was a bank robber.
    Part of the inhumanity of the computer is that, once it is competently programmed and working smoothly, it is completely honest.
    Isaac Asimov
    • Mchambers
    • By Mchambers 12th May 17, 5:14 PM
    • 101 Posts
    • 30 Thanks
    Mchambers
    He has been an idiot again as detailed in :

    http://www.telegraph.co.uk/business/2017/05/11/barclays-chief-falls-victim-email-prankster-pretending-bank/

    He will be gone very soon.
    • Mchambers
    • By Mchambers 14th May 17, 9:47 PM
    • 101 Posts
    • 30 Thanks
    Mchambers
    It just gets better :

    https://ftalphaville.ft.com/2017/05/11/2188714/thanks-for-sharing-the-foxhole/

    In case you can't see it,, it states :

    FT Alphaville
    MYFT
    ALPHAVILLE
    HOME
    MARKETS LIVE
    LONG ROOM
    ALPHACHAT
    Sign In
    Subscribe

    HOME
    MARKETS LIVE
    LONG ROOM
    ALPHACHAT
    MYFT
    Business intelligence Investment Banking
    ‘Thanks for sharing the foxhole’
    Twitter
    Facebook
    LinkedIn
    Print this page 12
    MAY 11, 2017 By: Kadhim Shubber, Martin Arnold

    The subject of the email should have been warning enough for Jes Staley, the embattled chief executive of Barclays. At quarter to nine on Wednesday evening, after a bruising shareholders’ meeting, Mr Staley received a message purporting to be from his chairman, John McFarlane. The heading read: “The fool doth think he is wise”.

    In fact, the message was from a prankster, using the Gmail account john.mcfarlane.barclays@gmail.com. The imposter described Michael Mason-Mahon, an individual shareholder who called for Mr Staley to resign at Wednesday’s annual meeting, “as brusque as he is ill informed” and went on to reassure the Barclays chief executive that together they had successfully seen off any attempt to force Mr Staley out.

    “Surely the fickleminded nature of the angry few will help tie up any loose ends,” the short email concluded. “You owe me a large Scotch.”

    Mr Staley, who has been heavily criticised for his attempt to unmask a whistleblower, soon replied to the prankster in effusive terms. Presumably thinking he was talking to his chairman, who has been dubbed “Mack the Knife” for his habit of ousting chief executives, Mr Staley said, “You are a unique man, Mr McFarlane”.

    “You came to my defense today with a courage not seen in many people. How do I thank you?” Mr Staley wrote. The 60-year-old Barclays boss continued in the same style: “You have a sense of what is right, and you have a sense of theatre. You mix humor with grit. Thank you John. Never underestimate my recognition of your support. And my respect for your guile.”

    He had time for yet more praise before he signed off. “And some day I want to see an ad lib guitar run. You have all the fearlessness of Clapton,” said Mr Staley, referencing the legendary guitarist Eric Clapton and his chairman’s fondness for playing his guitar in public meetings.

    The brief conversation ended with a final email around 11pm. The imposter sent a poem, which began “Worry not of tomorrow’s end” and ended “Revel in their bloodied eyes”. The first letter of each line spelled out the word ‘Whistleblower’.

    “Thanks for sharing the foxhole,” Mr Staley replied.

    The prankster, who contacted the Financial Times via Twitter, told us the email was part of his “battle with Barclays” over a customer issue. “I thought I’d see how Jes was relaxing after his AGM,” he said.

    Barclays declined to comment.

    The emails, which the FT has verified are genuine, are reproduced below.



    [Prankster’s email]

    From: John McFarlane [john.mcfarlane.barclays@gmail.com]
    Sent: Wednesday, May 10, 2017 08:47 PM GMT Standard Time
    To: Staley, Jes: Barclays (LDN)

    Subject: The fool doth think he is wise

    Mason-Mahon is as brusque as he is ill informed.

    However I do feel we’ve ceased the rally for you [sic] head today.

    Surely the fickleminded nature of the angry few will help tie up any loose ends.

    You owe me a large Scotch.

    John

    Sent from my iPhone



    On Wed, 10 May 2017 at 21:08, Jes Staley wrote:

    You are a unique man, Mr McFarlane.

    You came to my defense today with a courage not seen in many people. How do I thank you?

    You have a sense of what is right, and you have a sense of theatre. You mix humor with grit.

    Thank you John. Never underestimate my recognition of your support. And my respect for your guile.

    And some day I want to see an ad lib guitar run. You have all the fearlessness of Clapton.

    Thank you.

    Jes



    [Prankster’s email]

    From: John McFarlane [john.mcfarlane.barclays@gmail.com]
    Sent: Wednesday, May 10, 2017 09:37 PM GMT Standard Time
    To: Staley, Jes: Barclays (LDN)
    Subject: Re: The fool doth think he is wise

    What else would Mack the Knife do but support those he can trust in!

    Begs the question, who should we seek to silence next!?

    Onward, to bigger, and better things.

    I may have already had a stiff one, it’s been a long day, and I get no younger.

    Clapton has nothing on me ha!



    On Wed, 10 May 2017 at 21:40, Jes Staley wrote:

    I bet he doesn’t.



    [Prankster’s email]

    On Wed, 10 May 2017 at 21:45, John McFarlane <john.mcfarlane.barclays@gmail.com> wrote:

    In all seriousness, do let me know what fires/thorns you want me quelling over the next few days.

    It’s important I stand fast, and alongside you.

    You have carried yourself admirably today.



    [Prankster’s email]

    From: John McFarlane [john.mcfarlane.barclays@gmail.com]
    Sent: Wednesday, May 10, 2017 10:43 PM GMT Standard Time
    To: Staley, Jes: Barclays (LDN)
    Subject: Re: The fool doth think he is wise

    As I retire for the night, I’m reminded of a poem my father was awfully fond of. It seems very apt.

    Good night, Jes.

    Worry not of tomorrow’s end
    Hurry not towards falling trees
    Ignore at once, the jesters dance
    Sigh, oh sigh, at the folly foiled
    Take down the mighty route of ills
    Lest not make a scratch in time
    Evenhanded wins fair stance.
    Broken wooden spoons we take
    Left, oh left, in such a state
    Over crests and furrowed field
    Wirey talons arching back
    Empty roosts the plagued aspise
    Revel in their bloodied eyes

    We fight on.



    From: Jes Staley
    Date: Wed, 10 May 2017 at 22:58
    Subject: RE: The fool doth think he is wise
    To: <john.mcfarlane.barclays@gmail.com>

    Thanks for sharing the foxhole.

    Best

    Jes

    Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.
    Twitter
    Facebook
    LinkedIn
    Print this page 12
    Read next:
    Part of the Thought for the weekend series
    Thought for the weekend
    Part of the THOUGHT FOR THE WEEKEND SERIES
    NDG1_2048x1142
    Raises more questions than it answers.
    0MAY 12, 2017 By: FT Alphaville
    COMMENTS (12)
    Sign in



    + Follow
    Submit Comment
    By submitting this comment I confirm that I have read and agreed to the FT Terms and Conditions. Please also see our commenting guidelines.
    Newest | Oldest | Most recommended
    Bored 2 days ago
    Awesomely amusing.

    ReportShare1RecommendReply
    Upaswellasdown 2 days ago
    Jes is beginning to look a bit accident-prone.

    ReportShare5RecommendReply
    Mynoduesp 2 days ago
    Outlook email security scanner: "You are about to send an email to an external email address. Are you sure?"

    Jes - Y


    ReportShare6RecommendReply
    Prags 3 days ago
    I am gobsmacked. The format for internal emails is quite different from those of external emails. Surely Jes should have noted that ? Man I have really begun to doubt this man presence of mind now

    ReportShare6RecommendReply
    La Pasionaria 3 days ago
    The impostor is a complete idiot and the communication just goes to prove that Jes Staley is a man of integrity

    ReportShare3RecommendReply
    Obruni 3 days ago
    da fuq?

    ReportShare9RecommendReply
    concerned n america 3 days ago
    Um, I'd like my Lehman preferreds back as well but I'm not going to impersonate a chairman to get it done.

    ReportShare2RecommendReply
    InsideTheBeast 3 days ago
    Amazing. Surely Barclays have a system which flags up emails from an "external source"!?

    ReportShare15RecommendReply
    Interested observer 3 days ago
    The phrase "kiss up and kick down" comes to mind.

    ReportShare8RecommendReply
    Conor 3 days ago
    Wow. "Mr McFarlane". Clapton. Mack the knife. A 13 line sonnet. Foxholes .... the cup overfloweth!

    This guy has out-lucied, Ms kellaway.


    ReportShare14RecommendReply
    BetweenTheLines 2 days ago
    @Conor Good call. Lucy - surely you can't resist. This must be next week's column!

    ReportShare1RecommendReply
    Booya 3 days ago
    That is first class trolling right there. Thanks for sharing.

    ReportShare33RecommendReply
    Read next:
    Part of the Thought for the weekend series
    Thought for the weekend
    Part of the THOUGHT FOR THE WEEKEND SERIES
    0MAY 12, 2017 By: FT Alphaville

    FT Alpha Tweets

    Financial Times Close
    Back to FT.com
    Top sections
    FTAV Home
    Markets Live
    Long Room
    Alphachat
    Meet the Team
    About FTAV
    About Markets Live
    RSS service
    Get in touch
    Filter by ...
    Most popular
    Most commented
    Filter by topic
    Filter by author
    Paul Murphy
    Alexandra Scaggs
    Bryce Elder
    Cardiff Garcia
    Dan McCrum
    David Keohane
    Izabella Kaminska
    Joseph Cotterill
    Kadhim Shubber
    Matthew C Klein
    Sign In
    Subscribe
    Support
    Help Centre
    About Us
    Legal & Privacy
    Terms & Conditions
    Privacy
    Cookies
    Copyright
    Services
    Conferences & Events
    Individual Subscriptions
    Group Subscriptions
    Republishing
    Contracts & Tenders
    Analysts Research
    Executive Job Search
    Advertise with the FT
    Follow the FT on Twitter
    Ebooks
    Tools
    Portfolio
    ePaper
    Alerts Hub
    Lexicon
    MBA Rankings
    Economic Calendar
    News feed
    Newsletters
    Currency Converter
    Press Cuttings
    More from the FT Group

    Markets data delayed by at least 15 minutes. THE FINANCIAL TIMES LTD . FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Last edited by Mchambers; 15-05-2017 at 4:22 PM.
    • Mchambers
    • By Mchambers 17th May 17, 10:50 PM
    • 101 Posts
    • 30 Thanks
    Mchambers
    HTHs and god luck.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

155Posts Today

1,207Users online

Martin's Twitter
  • The strange thing with a 4yr old is having to play & smile while inside feeling sick for those in trauma in my birth town #Manchester

  • Just a quick ta-ta for now. I'm taking the week off for family time with mini and Mrs MSE. So I won't be here much. Back after the bank hol

  • Ugh another one trying it! Beware https://t.co/Ab9fCRA76F

  • Follow Martin