Barclays

StevieJ

For the loyal Barclays shareholder.

Barclays (LSE: BARC.L - news) is another bank suffering from broker downgrades. Merrill Lynch (NYSE: MER - news) has trimmed its price target from 235p to 204p, while UBS (Virt-X: UBSN.VX - news) has slashed its price target for Barclays to 170p from 220p, citing dilution of shareholdings following the recently announced fund raising. Panmure Gordon rates the stock a "sell" and believes the boost to capital ratios has come at too high a cost.

StevieJ

If you are a Barclays shareholder, worth a look.

http://boards.fool.co.uk/Messages.asp?bid=50190

'Just to make us all feel even worse and by comparison I understand that if Lloyds pay their government prefs back within 6 months they will only pay a 1% premium and even if they don't manage that they can pay the prefs back any time they are able. I presume they could achieve that with a swift post merger disposal. This makes our 14% fixed for 11 years look catastrophic.'


'Why don't the smaller shareholders (myself included) demand an extraordinary general meeting on a Vote of No Confidence in the board. If sufficient swell can be created it might, just might, make the board take the interests of their shareholders more seriously.'

amcluesent

This board censors any posts that examine how Barclays have sold out. My own post drawing a comparison to the days of Barclays and the apartheid regime in South Africa was pulled at the weekend.

Then again, IIRC the board had a 'happy Eid!" message in the banner a few weeks back. Funny that.

StevieJ

amcluesent wrote: »

This board censors any posts that examine how Barclays have sold out. My own post drawing a comparison to the days of Barclays and the apartheid regime in South Africa was pulled at the weekend.

Then again, IIRC the board had a 'happy Eid!" message in the banner a few weeks back. Funny that.

What does that mean?
I thought it was pulled because you were involved in a two footed tackle on a Middle East religion .

purch

board had a 'happy Eid!" message

and what's wrong with that ?

It'll have a Happy Chrismas one soon too.

amcluesent

>it was pulled because you were involved in a two footed tackle on a Middle East religion<

Well, if you mean I highlighted some of the less savoury aspects of the 'religion of peace', that's true. Sadly the woollies now routinely demand the censorship of any deviance from PCspeak.

All together now..."I for one welcome our new Islamic overlords". :beer:

aqueoushumour01

when they say they have downgraded their price target, over what term is that? Are we talking a year, 5,....?

StevieJ

aqueoushumour01 wrote: »

when they say they have downgraded their price target, over what term is that? Are we talking a year, 5,....?

I don't know what timescale, I just read it as them not being as happy with them as they were before.

StevieJ

Just to balance it up, I picked up this blog off the Motley Fool, the guy is more positive about Barclays especially the dividend.
I only had a glance but there appears to be some other good stuff on there as well.

http://barclays-mohan.blogspot.com

purch

over what term is that?

They don't tell you that !!!!

Geez.......if they did then a Brokers recommendation might actually be worth something :eek:

StevieJ

Barclays are now allowing instititional shareholders to participate in the capital raising, any views on this being illegal? as predjudicing some share holder classes (i.e. small shareholders) and would it barclays win or lose a civil action?