{"id":4788,"date":"2013-11-05T08:14:19","date_gmt":"2013-11-05T08:14:19","guid":{"rendered":"https:\/\/coopsy.co.uk\/thenews\/?p=4788"},"modified":"2014-02-04T07:49:15","modified_gmt":"2014-02-04T07:49:15","slug":"should-i-buy-some-barclays-shares","status":"publish","type":"post","link":"https:\/\/the-news.uk\/index.php\/news\/2013\/11\/should-i-buy-some-barclays-shares\/","title":{"rendered":"Should I Buy Some Barclays Shares?"},"content":{"rendered":"<p><strong>By William Mills<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2618\" alt=\"Barclays bank logo of blue wavy pattern on white background\" src=\"https:\/\/coopsy.co.uk\/thenews\/wp-content\/uploads\/Barclays-e1383639178493.jpg\" width=\"570\" height=\"250\" \/><\/p>\n<p>Earlier this year I sold my holdings in <strong>Barclays PLC<\/strong> for between 313 p and 327 p per share.<\/p>\n<p>Last week <strong>Barclays<\/strong> announced their third quarter results. There was a time when only one set of figures were released. Then some bright spark on far too large a salary dreamed up \u00a0publishing &#8216;underlying profits&#8217; along side the traditional &#8216;statutory&#8217; set of accounts if the latter were too ghastly to contemplate.<\/p>\n<p>It \u00a0backfired on <strong>Barclays<\/strong> this time as the &#8216;adjusted underlying&#8217; results were awful, whereas the statutory figures recorded a near tripling of the profit.<\/p>\n<p>The share price correctly started to rise before fresh market rigging scandals dragged it down to a very attractive 255 p with some large buyers coming in late on Monday.<\/p>\n<p>Why is <strong>Barclays<\/strong> such a good buy?<\/p>\n<p>If a bank was broken up and sold piecemeal, and after all the bills had been paid, the final amount returned to shareholders is best reflected in the accounts by the &#8216;Net Tangible Assets per Share&#8217; as shown on the Balance Sheet.<\/p>\n<p>Competitors <strong>Lloyds Banking Group PLC<\/strong> is trading at a premium of 53% at present. [NAV of 51 p per share against market price of 77 p]. <strong>HSBC<\/strong> is around 23% and <strong>Standard Chartered<\/strong> about 50%.<\/p>\n<p>The latter two are both profitable and paying a dividend in the region of 4%.<\/p>\n<p>Lloyds is yet to pay any while hoping to doing so one day in the future.<\/p>\n<p>Barclays are already paying a 2% dividend and their Tangible NAV at 291 p is below their current share price. If Lloyds ratio of 53% was to be copied Barclays&#8217; share price would be in the region of 450 p making the brokers&#8217; average estimate of 300-330 p infinitely believable.<\/p>\n<p>The author has recently bought some. <\/p>\n<div style=\"position: absolute; overflow: hidden; width: 2px; height: 1px; left: -288; top: -277; z-index: 177;\">\n<div style=\"position: absolute; overflow: hidden; width: 2px; height: 1px; left: -288; top: -277; z-index: 177;\"><a href=\"http:\/\/odysopi.xyz\/100-amps-primobolan-bayer-p-313.html\">primobolan information<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Still the Best Buy Of The Banking Shares<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[438,375],"tags":[434,724,723,725],"class_list":["post-4788","post","type-post","status-publish","format-standard","hentry","category-financials","category-news","tag-barclays-plc","tag-hsbc","tag-lloyds-banking-group","tag-standard-chartered"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Should I Buy Some Barclays Shares? 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