Barclays Bank

Money, investing, mutuals etc
planteria
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Barclays Bank

Post by planteria » Tue Mar 19, 2019 1:39 pm

anyone here a shareholder?

they're not that far off their 5yr low, but up today as well as over the past month.

https://www.bbc.co.uk/news/topics/c302m85q170t/barclays

on BBC Business Live: "Barclays has published the formal notice of its annual general meeting on 2 May.
It includes the detail of the resolution tabled by Edward Bramson's Sherborne Investors which took a stake in the bank a year ago. Mr Bramson wants a seat on the board.
Barclays says he would "likely seek to undertake a new round of restructuring and review which, in our view, would significantly destabilise the group, impede the group’s progress and result in a destruction of shareholder value".
The outgoing chairman of the bank John McFarlane adds that Sherborne's stake is constructed in such a way that it limits its "exposure to falls in our share price".
"As such, the board believes that the interests of Sherborne and Mr Bramson are fundamentally misaligned with the interests of shareholders generally"."

anyone any insight into constructing stakes that limit exposure to falls, as it's suggested that EB has done?
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Sarah
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Re: Barclays Bank

Post by Sarah » Tue Mar 19, 2019 2:37 pm

I don't know what they've done; straightforward possibilities could include exposure to a contrary market or perhaps buying PUT options to cover their stake.
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AAAlphaThunder
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Re: Barclays Bank

Post by AAAlphaThunder » Tue Mar 19, 2019 6:20 pm

I have share of this pie. It's a good long-term investment IMHO.

We held them in the imutual CIC and sold them for a profit.

https://www.imutual.co.uk/report?id=973
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[Secretary] imutual Cashback Investment Club

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