Barclays £11.6Bn profit

peterg1965

Jonbvn wrote: »

In my time machine I would only have gone back to last Friday morning, and today GBP128 million would have been split 3 ways!:beer:

Oh, that was included in the calculation too

StevieJ

peterg1965 wrote: »

Good for you if you were in at 50p. I have played the 'what if' games in my mind as far as Barclays SP is concerned! It went up from 50p to 350p + very quickly, if I had a time machine I would take myself back to Jan 2009 and put my SIPP, ISAs and savings all in Barclays Shares...... Isn't hindsight a wonderful thing.....I would be sitting on a pretty penny now!

Not the only one but opinions were very divided, an interesting read

http://forums.moneysavingexpert.com/showthread.html?t=1433855&highlight=steviej+barclays

StevieJ

Jonbvn wrote: »

Bendix,

It is no where near as clear cut as you state. Barclays could not be allowed to fail. Although they did not take tax-payers money directly, there was an implicit gov't guarantee rather than a explicit one.

They have also made a lot of money from QE. Again benefiting from indirect assistance.

You make that £0.50p they were available for even more compelling

duncwilson

Well - at least Barclays staff deserve their bonuses - unlike RBS

SteveV2

Jonbvn wrote: »

In my time machine I would only have gone back to last Friday morning, and today GBP128 million would have been split 3 ways!:beer:

Sod that, go back a week last friday and have the 80 odd mil for yourself

baby_boomer

Banks need to make substantial profits to rebuild their balance sheets and (not in the case of Barclays) repay their debts to the taxpayer.

It's the bonuses, which reduce these essential profits, that aren't justified. Most of these are nothing to do with skill and everything to do with the rising stock market in 2009 (caused by the successful taxpayer bail-out of the banks).

Barclays benefited from this too, indirectly but very significantly.

It is up to Barclays' shareholders to point this out to management and totally rewrite individual bonus contracts so that they reflect reality not banker fantasy. When are the City Fund Managers, who own Barclays, going to properly discharge their responsibilities to their own investors?

Thrugelmir

StevieJ wrote: »

I don't think the Abu Jabis would be doing any bailing out unless it is for Dubai, they received very favourable treatment. A great number of Barclays shareholders at the time were not happy that a rights issue had not been made on the same terms.

The Abu Jabis dumped (sold) their entire holdings of shares last year and retained the warrants. Making a tidy profit in the process.

The issue for existing shareholders is that when the warrants are exercised it will dilute the current shareholders.

So much for the Arabs being long term investors.

ILW

baby_boomer wrote: »

Banks need to make substantial profits to rebuild their balance sheets and (not in the case of Barclays) repay their debts to the taxpayer.

It's the bonuses, which reduce these essential profits, that aren't justified. Most of these are nothing to do with skill and everything to do with the rising stock market in 2009 (caused by the successful taxpayer bail-out of the banks).

Barclays benefited from this too, indirectly but very significantly.

It is up to Barclays' shareholders to point this out to management and totally rewrite individual bonus contracts so that they reflect reality not banker fantasy. When are the City Fund Managers, who own Barclays, going to properly discharge their responsibilities to their own investors?

If it is so easy, wht aren't you doing it and getting the bonus?

Generali

ILW wrote: »

If it is so easy, wht aren't you doing it and getting the bonus?

Because sitting on your Arsenal, moaning about the banks is even easier!

baby_boomer

Generali wrote: »

Because sitting on your Arsenal, moaning about the banks is even easier!

Exactly.

Generali wrote: »

Treble bonuses all round! Thanks Bank of England!

I agree. Any monkey lucky enough to be employed by Barclays would have been rolling in it after 2009.