Barclays PLC

[kierkegaard]

https://www.bloomberg.com/news/articles ... th-bramson

[kierkegaard]

Was een mooie dag voor barclays, positie zeer dik groen. Ik houd verder aan voorlopig. Twijfelde wel even op de 10% dagwinst op deel te verkopen en GBP even cash aan te houden.

[kierkegaard]

Het zou een goede dag moeten worden:

Q120 Group highlights
Improved income performance driven by CIB, showing the benefits of diversification

Financial performance1
• Income increased 20%, reflecting strong performance in CIB and resilience in BUK and CC&P businesses
• Delivered positive cost: income jaws of 20%, with costs flat
• Profits pre-credit impairment charges were up 52% at £3.0bn (Q119: £2.0bn)
• Credit impairment charges increased £1.7bn to £2.1bn, reflecting
– £0.4bn of impairment based on the pre-COVID-19 scenario
– £0.4bn in respect of single name wholesale loan charges in the quarter
– A net impact of £1.35bn from a revised COVID-19 baseline scenario, including
• £1.2bn from forecast deterioration in macroeconomic variables (including estimates of peak unemployment levels and troughs in GDP for the UK and US economies), partially offset by the estimated impact of central bank, government and other support measures
• A specific charge of £0.3bn to reflect the probability of a sustained period of low oil prices
• Offset by the removal of the £150m specific charge for UK economic uncertainty held at
year-end 2019, which has been incorporated within the updated scenario
• CET1 ratio of 13.1%, reduced 70bps from Q419
– Reflects profits, net of credit impairment charges not subject to IFRS9 transitional relief, and
cancellation of the full year 2019 dividend payment of 6p per ordinary share, more than offset by higher Risk Weighted Assets (RWAs), including from increased client activity and market volatility as a result of the pandemic
• TNAV increased to 284p, reflecting 3.5p of statutory EPS and positive reserve movements, including the pension re-measurement and currency translation reserves
• Liquidity position remained high quality and prudently positioned, with a liquidity pool of £237bn and LCR of 155%
• LDR reduced to 79%, reflecting heightened Revolving Credit Facility (RCF) drawdowns in CIB more than offset by increased deposits

[kierkegaard]

Barclays was de voorbije maanden gehalveerd, maar begint nu toch een beetje te herstellen. Momenteel +13%.

[kierkegaard]

Je wordt er wel duizelig van, de financiële sector, als je die verslagen leest.

[kierkegaard]

Zelfs al sta ik op mijn barclays positie weer mooi positief, ik moet toegeven: zo sterk long gaan op barclays was een fout. Het is bij die banken heel moeilijk om te weten waar je aan toe bent. Door op 0,8 bij te kopen sta ik nu dik groen, maar ik overweeg toch om 50% af te bouwen.

[Sharing]

Ik heb zelf Lloyds gekocht. Er zijn redelijk wat analisten die denken dat 2021 een bankjaar gaat worden. Zelf zou ik wachtten met afbouwen. Ik ben redelijk bullish wat Britse aandelen betreft. Zeker nu die Brexit van de baan is.

[kierkegaard]

En goed dat ik ze heb gehouden. De bankaandelen vieren feest vandaag.