Barclays (#BARC) – H1 EPS 14.8p, DPS 2.25p, “continues to target a RoTE of greater than 10% in 2022”
- 2022-07-28 07:35:13
I completely agree that Barclays (BARC) is not an exciting company and I consequently have probably written about it too many times on this website. Anyhow the good news is that this is likely to be the last time I will write about it. It is time for me to sell my Barclays shares.
Hello November! The eleventh month of the year has always been an interesting one for the world’s investors with over the last 70, 20 or 10 years only April - on average - generating a similar return. Of course nothing is guaranteed but the reason why November has on average performed well is a combination of Q3 earnings updates and building hopes towards upcoming end of year brokerage updates towards the following year. It is not guaranteed, but its all good active investment fun and now for a couple of bits of excitement in today’s news.
As a boring large cap-focused investor, I often look at the medium-term. I certainly bought a few Barclays (BARC) shares too early in 2017-18, but it did give me the rationale to double my holding during some dog days last year. But fundamentally it has told me for a while to take my profits and run when the share materially breaks the 2 quid plus level.
Back in April I observed that at the time it was ‘getting closer to my two quid and out share price target on Barclays (BARC)’. Well that was true at the time...and sort of still true today even if the shares today are slightly lower than it was a few months ago. There are a few reasons for that.