We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Barclays shares drop like a stone after shock news

12357

Comments

  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    I am just glad that shareholders were tapped for £5.8bn to help bolster the balance sheet.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Glen_Clark wrote: »
    I said Bonuses, when did we change that to pay?.

    Don't you both know its compensation!

    For what I'm not entirely sure.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    On a serious note, I honestly can't see a credible argument for investing in Barclays. Their long term record is so poor in ters, of shareholder reward that ther seems little point holding it, no doubt trading in and out could be profitable, but still risky.
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 17 February 2014 at 11:15PM
    bigadaj wrote: »
    On a serious note, I honestly can't see a credible argument for investing in Barclays. Their long term record is so poor in ters, of shareholder reward that ther seems little point holding it, no doubt trading in and out could be profitable, but still risky.

    and yet their results during and since the crisis have consistently been better than the other UK banks.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    edited 17 February 2014 at 11:31PM
    lvader wrote: »
    and yet their results during and since the crisis have consistently been better than the other UK banks.

    Not that difficult considering the competition since the crisis.
    bigadaj wrote: »
    Their long term record is so poor in ters, of shareholder reward


    Riding the great PPI gravy train and other interesting wheezes certainly used to make them a rewarding holding. Good dividend (34p)and dogged , if not award winning, capital growth and previous good recoveries for decades prior to GFC.

    Shareholders have paid a heavy price since.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lvader wrote: »
    and yet their results during and since the crisis have consistently been better than the other UK banks.

    Half last years profits come out of Investment Banking which is primarily the rump of Lehmans that was bought. Operation is based in New York. If Barclays doesn't pay the going rate then the guys and gals will defect. Tough call for the new management. Splitting the bank is obviously an option.
  • grey_gym_sock
    grey_gym_sock Posts: 4,508 Forumite
    bigadaj wrote: »
    Don't you both know its compensation!

    For what I'm not entirely sure.

    presumably the directors were sold PPI insurance by their own bank :)
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    grey_gym_sock wrote: »
    presumably the directors were sold PPI insurance by their own bank :)

    Mis sold surely.
  • atypical
    atypical Posts: 1,343 Forumite
    Part of the Furniture Combo Breaker
    Thrugelmir wrote: »
    Half last years profits come out of Investment Banking which is primarily the rump of Lehmans that was bought. Operation is based in New York. If Barclays doesn't pay the going rate then the guys and gals will defect. Tough call for the new management. Splitting the bank is obviously an option.
    Most of the investment bank revenue is generated in the UK. I think it's around 20% that is generated by what was Lehmans.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    atypical wrote: »
    Most of the investment bank revenue is generated in the UK. I think it's around 20% that is generated by what was Lehmans.

    Apparantly many of the big earners are based in NY. There's internal friction between Jenkins and the US management. So a conflict of culture. If you've met east coasters you'll know what I mean.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture