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Advice to the Barclays activist - be patient

By Chris Bailey | Tuesday 9 April 2019


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.


I have been a medium-term supporter of Barclays (BARC) shares, noting a couple of months ago that I thought the stock - with all the necessary caveats about the banking space - was cheap at around x0.6 tangible book and that the route to a higher share price may be if it 'pays a bit of respect to the activist on its shareholder books who is talking an interesting game about value creation'. It is the activist angle - and not another Barclays story (a judge discharging the jury in the trial of four former executives over the 2008 controversial global financial crisis Qatari fundraising) - that I turn back to today…

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