Barclays (lon:barc)
Barclays Often A Safe Haven For When Unsure What To Do Next?

Barclays Financials

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Barclays Share Price
Grade:The Green Grade - Shares That I Think Are Oversold..
Title: Barclays Often A Safe Haven For When Unsure What To Do Next?
Company: BARC - Barclays
Share Price Then: 206p
Author: Ian Smith
Date: Wed 12 Jul 2017
Comments: On more than one occasion during the last few years I have found nothing that I wanted to buy and used Barclays as a safe place to be indecisive!

Mainly this is because I still see the post 2008 crash Barclays as being around the 300p plus mark whereas the reality is slightly different..

Yet both times this was a bad decision,

  • t bought at the end of 2015 just before the price dropped from around 210p to around 143p, I waited out the drop and didn't lose any money but I did have a pot tied up for a long time with no growth.

  • I bought again at the start of May this year, again no growth for a couple of months.

This really reinforces the view that I came to that it is better to leave money in the share dealing account rather than just buy something safe whilst in a bit of a rush and not quite sure what to buy next.
Read Count: 16/13

Buy/No Buy In A Nutshell
NegativesIts hard to know what will happen to bad debt in both the personal and business banking sector as COVID plays out.
PositivesThere is a strong reason to believe that the COVID induced drop down to 70p was an over reaction and a recovery to 150p-200p is realistic.
Initial Review Price120p
Last Review Price107.02p
Last Review Date02-Sep-2020
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