Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Trundlers. The real reason why Barclay’s (BARC) share price fell so sharply on its results is that the dividend was cut by more than a half. This whammy was compounded by the company’s forecast that this state of affairs would continue for a year or two.
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Comments
handybrownone
Yessss it made a profit – I agree – I bought some yesterday at 154.95p – happy. My other bank I like is Banco de Sabadell – it bought TSB and beat all estimates in 2015 it has a brilliant on-line banking and mobile app. Despite that the SP after an initial burst have fallen away again. It has radically reduced exposure to Spain real estate which is recovering slowly anyway.
Jeremy
Just think Malcolm if you had n’t sold the Barclays shares to buy a house last year you might just have had enough money when the time finally comes in the years ahead to buy a one bedroom McCarthy & Stone retirement flat on their present investment record!
I owe a profound debt of gratitude to “Sir” Fred Goodwin;he taught me never to buy shares in anything with Bank in its name.
Barclays was the last bank share I had.I finally sold them in July 2009 for 310p;having bought them some years previously for rather more.Now thanks to the improving economy they are now worth about half! Everything else that shows even the faintest sign of life seems to have at least doubled.
Barclays helpfully put a share graph on their investment website.It seems to show an ever downward line!
alcira16247
Malcolm
The conduct of the established high street banks is one of generational serial greed and failure, culminating in the most disastrous of crisis’s that has effectively bankrupted our nation. As history shows these folk running our famous four never ever learn from previous mistakes and are consequently doomed to repeated episodes.
Its maybe poignant to reflect whilst Barclays announce the halving of the dividend, thus depriving income and wealth from long suffering shareholders, they quite merrily pay out tens of millions of pounds in options and bonuses to little more than gamblers and sharks, wearing expensive suits!
www.thesundaytimes.co.uk/sto/business/Finance/article1559936.eceBanks such as Barclays clearly show how the business is run for the benefit of the inmates and not that of the investor!
As a matter of principle I’ll never invest in any of these criminal unprincipled ruinous enterprises, ever again!
Malcolm, look into the new exciting ‘challenger banks’….. showing that ethical banking can be both profitable and rewarding for shareholders and customers, alike!