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Barclays profits

IveSeenTheLight
IveSeenTheLight Posts: 13,322 Forumite
in Debate House Prices & the Economy
Barclays bonus payouts halved as profits fall

Ok, so profits are down but they are still £6.1 Billion and they are to pay out some £600 million in bonuses :eek:
who say'd there is a credit crunch?:confused:

http://www.guardian.co.uk/business/2009/feb/09/barclay-banking
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:
«13

Comments

  • agent_orange_2
    agent_orange_2 Posts: 996 Forumite
    IveSeenTheLight wrote: »
    :eek:
    who say'd there is a credit crunch?:confused:

    http://www.guardian.co.uk/business/2009/feb/09/barclay-banking

    Quite a few on here, if you care to check;)
  • piggeh
    piggeh Posts: 1,723 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I hear they still need to raise another £10bn despite this and market value of company is only £8.bn?

    p.s.*said
    matched betting: £879.63
  • deloina
    deloina Posts: 14 Forumite
    Barclays are trying to play a stupid game and are looking stupid, thats why the market looks at them like it does. :D
    Keep In Touch
  • Andrew64
    Andrew64 Posts: 425 Forumite
    piggeh wrote: »
    I hear they still need to raise another £10bn despite this and market value of company is only £8.bn?

    I wouldn't be surprised. But they should be able to raise that if necessary because Barclays is in better shape than RBS or Lloyds.
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    IveSeenTheLight wrote: »
    Ok, so profits are down but they are still £6.1 Billion and they are to pay out some £600 million in bonuses :eek:
    who say'd there is a credit crunch?:confused:

    http://www.guardian.co.uk/business/2009/feb/09/barclay-banking

    Interesting post on Peston's blog and discussion afterward:

    http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/02/are_barclays_profits_irrelevan.html
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    piggeh wrote: »
    I hear they still need to raise another £10bn despite this and market value of company is only £8.bn?

    p.s.*said

    BARC market cap is GBP 9,680,000,000 currently according to google.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    BARC market cap is GBP 9,680,000,000 currently according to google.

    When they were at 50p they were showing a dividend yield of 70% :eek: I bought then (no I don't expect a 70% yield :D) but a good time to buy anyway, I think.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    When they were at 50p they were showing a dividend yield of 70% :eek: I bought then (no I don't expect a 70% yield :D) but a good time to buy anyway, I think.

    There may well be a lot of money to be made buying bank stocks. There's definitely a risk there though.
  • Count_Dante
    Count_Dante Posts: 505 Forumite
    Much of this profit represents accounting profit rather than actual profit. Just like those dodgy subprime mortgages bought by RBS were accounted for as profit, and were later revealed to be almost worthless.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    !!!!!!? wrote: »
    Interesting post on Peston's blog and discussion afterward:

    http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/02/are_barclays_profits_irrelevan.html

    I am fairly comfortable that those Middle Eastern investors would have been through the Barcalys BS with a fine tooth comb, having been bitten earlier. The difference in the profits from other banks probably relates to the valuation of CDO's (to market or to model) as was discussed with Gen in earlier posts.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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