Barclays.

[Olf]

Can't be much fun working there at the moment. 2,100 jobs to be cut, shares down 20% within this week alone. Arabs giving you your dinner money.

However, I'm sure they're a long term bargain. Anybody else (except Soovy) think so?

[davemac250]

Most of the financials market are a long term bargain, just when?

[Olf]

davemac250 said:

Most of the financials market are a long term bargain, just when?

Are they? Who else? I wouldn't touch half of them with yours.

Barclays is we understand well capitalised, hasn't suckered to government control, has taken the opportunity to pick up some bargains in the the crunch that leave it as a very strong if not the strongest investment bank. They are also taking positive action to get the cost base down.

It will be pretty clear I'm not banking expert but they look one of the best bets no?

[thehawk]

Was it ever fun working at Barclays? I never thought so, it's just not that sort of organisation.

[JonX2C]

ITs only the Barcap workforce who will be culled, anyone in the Investment division basically.

[10 Pence Short]

anonymous said:

[redacted]

Compooter says, er, "pack yer bags luv, yer sacked".

[rude-boy]

Personally i would buy a few shares in them right now if i wasn't so lazy.

[303Hound]

Bought a few this morning to average down my holding, hoping to get a decent return in the medium term. Also bought a few H and T to add to the old portfolio.

watch them both plummet this afternoon.

[loafer123]

Olf said:

Barclays is we understand well capitalised, hasn't suckered to government control, has taken the opportunity to pick up some bargains in the the crunch that leave it as a very strong if not the strongest investment bank. They are also taking positive action to get the cost base down.

Presumably, you also believe what Gordon Brown says...?

[ytrebil]

Ever phoned Barclaycard? Yeah, good luck!

[Bigel]

303Hound said:

Bought a few this morning to average down my holding, hoping to get a decent return in the medium term. Also bought a few H and T to add to the old portfolio.

watch them both plummet this afternoon.

If you want to get into pawn broker stocks look at Albermarle & Bond, I bought them at 190 last month, now looks whats happening to them (and without the big dip in price that H&T did)

[RJE1966]

303Hound said:

Bought a few this morning to average down my holding, hoping to get a decent return in the medium term. Also bought a few H and T to add to the old portfolio.

watch them both plummet this afternoon.

Medium term?

How long you planning on holding them?

Personally, I'm happy to buy & hold the bank shares as a medium/long termer, on the basis you'll get nowt saving it and the share price is inflation proof.

[Fittster]

RJE1966 said:

Personally, I'm happy to buy & hold the bank shares as a medium/long termer, on the basis you'll get nowt saving it and the share price is inflation proof.

How are shares inflation proof? Inflation damages economies, which damages companies, which damages share prices. Am I missing something?

[303Hound]

Bigel said:

303Hound said:

Bought a few this morning to average down my holding, hoping to get a decent return in the medium term. Also bought a few H and T to add to the old portfolio.

watch them both plummet this afternoon.

If you want to get into pawn broker stocks look at Albermarle & Bond, I bought them at 190 last month, now looks whats happening to them (and without the big dip in price that H&T did)

Have been following them too, I dare say i will pick some up along the way. There are a few companies on the old radar at the minute that i want to get involved in.

[Olf]

loafer123 said:

Olf said:

Barclays is we understand well capitalised, hasn't suckered to government control, has taken the opportunity to pick up some bargains in the the crunch that leave it as a very strong if not the strongest investment bank. They are also taking positive action to get the cost base down.

Presumably, you also believe what Gordon Brown says...?

We'll why don't you explain how you reach that conclusion from the facts I gave above and then maybe we can have a sensible discussion.

[Olf]

JonX2C said:

ITs only the Barcap workforce who will be culled, anyone in the Investment division basically.

0/10

[Olf]

303Hound said:

Bought a few this morning to average down my holding, hoping to get a decent return in the medium term. Also bought a few H and T to add to the old portfolio.

watch them both plummet this afternoon.

I went in at 142p.

Like you say - watch 'em fall people.

[Zippee]

Olf said:

davemac250 said:

Most of the financials market are a long term bargain, just when?

Are they? Who else? I wouldn't touch half of them with yours.

Prudential!

[Wildfire]

Olf said:

JonX2C said:

ITs only the Barcap workforce who will be culled, anyone in the Investment division basically.

0/10

????

The cuts are Investment side only and worldwide, not the retail side.

[Rich H]

Wildfire said:

Olf said:

JonX2C said:

ITs only the Barcap workforce who will be culled, anyone in the Investment division basically.

0/10

????

The cuts are Investment side only and worldwide, not the retail side.

You can find news & facts from sources other than PH. The BBC is always a good place to start...