Barclays Shares

lvader

Glen_Clark wrote: »

Yes I think so too. The Government will continue to throw taxpayers money at HBOS and RBS because they want to sell the shares at a so called 'profit'. They won't be so keen to keep Barclays share price up. Barclays Management are obviously keen to keep the share price up (which makes me wonder what else they are hiding) but they don't have so much taxpayers money to do it with.

The government owns shares, I'm not aware of any additional funds haven been given for some time.

People missread bank share prices because they don't take dillution into account, lloyds and RBS aren't the bargains the share price alone suggests. Barc is the better investment.

opinions4u

:beer:

lvader wrote: »

The government owns shares, I'm not aware of any additional funds haven been given for some time.

Funding for Lending. While not share capital it is a profit driver that should push up the share price.

People missread bank share prices because they don't take dillution into account, lloyds and RBS aren't the bargains the share price alone suggests. Barc is the better investment.

I wouldn't touch RBS with a barge pole.

lvader

opinions4u wrote: »

:beer:Funding for Lending. While not share capital it is a profit driver that should push up the share price.

I wouldn't touch RBS with a barge pole.

I didn't think the funding for lending scheme was limited to state owned banks.

sabretoothtigger

Not limited but Lloyds is the largest retail bank by far so by default they have the most to gain from all this support and the most to lose from any hardline I guess

I prefer Lloyds to the rest as they are simpler then RBS which is a witches brew of all sorts. RBS is rated more cheaply vs 'assets', if they are unpopular it could be the best at some point but I like the lloyds ceo

Thrugelmir

Glen_Clark wrote: »

Barclays Management are obviously keen to keep the share price up (which makes me wonder what else they are hiding)

Barclays profits post 2007 were buoyed by the profit on trading out the "cheap assets" that they bought from the wreckage of Lehmans Brothers. Barclays appears to have been embroiled in every scandal going recently. The new CEO is some way behind Hester and Horta-Os!rio in cleaning up Barclays in a cultural sense.

Thrugelmir

sabretoothtigger wrote: »

I prefer Lloyds to the rest as they are simpler then RBS which is a witches brew of all sorts. RBS is rated more cheaply vs 'assets', if they are unpopular it could be the best at some point but I like the lloyds ceo

RBS's bad bank assets maybe it's crown jewels. Written down to pence in the pound. More interesting than it's ongoing mundane retail activities. Ulster Bank is a major concern though.

Glen_Clark

lvader wrote: »

People missread bank share prices because they don't take dillution into account, lloyds and RBS aren't the bargains the share price alone suggests. Barc is the better investment.

? RBS had a one for ten share consolidation, making its share price higher than Barclays

Glen_Clark

sabretoothtigger wrote: »

Not limited but Lloyds is the largest retail bank by far

exactly. Lloyds gains most from Osborne's help to bubble house price subsidy because they have the most BTL mortgages who would walk away from negative equity and leave Halifax with the shortfall.

Thrugelmir

Glen_Clark wrote: »

because they have the most BTL mortgages who would walk away from negative equity and leave Halifax with the shortfall.

More equity in BTL mortgages also likelihood of borrowers owning a residential property as well.

HBOS suffered from uncertified income and lax underwriting criteria.

Lloyds has addressed this by charging on average a higher rate of interest on HBOS's lending book than it's own.

lvader

Glen_Clark wrote: »

? RBS had a one for ten share consolidation, making its share price higher than Barclays

Which gets adjusted for in the share price chart so it still looks cheap.