Could the Barclays share price double in a stock market recovery?

first_img Roland Head | Wednesday, 22nd July, 2020 | More on: BARC I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Roland Head has no position in any of the shares mentioned. The Motley Fool UK has recommended Barclays. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Could the Barclays share price double in a stock market recovery? Image source: Getty Images. center_img Simply click below to discover how you can take advantage of this. Should we be buying shares in Barclays (LSE: BARC) ahead of a market recovery? Barclays’ share price crashed hard in March, but has outpaced the FTSE 100 over the last three months. This suggests that some investors believe the shares could be too cheap to ignore.The bank certainly faces some challenges, but Barclays’ first-quarter results looked solid to me. I think the bank’s shares probably are cheap at current levels.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A massive discountBarclays’ stock has risen by more than 30% over the last three months, compared to a gain of less than 10% for the FTSE 100. Investors who caught the stock’s 80p low in April are already up by 50%. But I think there could be more to come.At a last-seen share price of around 120p, Barclays’ shares are trading at a 58% discount to their tangible net asset value of 284p per share.It’s pretty rare for a profitable and privately-owned bank to be trading so cheaply. A more normal valuation for a healthy bank would probably be roughly in line with its book value. If Barclays’ share price returns to that levels, anyone buying at current levels could see a 135% gain.Is Barclays going under?We have to ask why the shares are so cheap. Is Barclays heading for serious financial trouble? I don’t think so. The bank’s balance sheet looks a lot stronger to me than it did a few years ago. It’s certainly much stronger than it was ahead of the 2008 financial crisis.Barclays has been in business for more than 300 years and while it’s not perfect, I’m pretty sure it’ll survive and prosper in the future. I think the problem with the bank’s shares lies elsewhere. Let me explain.Why is Barclays’ share price so low?According to the bank’s first-quarter accounts, Barclays’ tangible shareholder equity is worth about £47bn. That represents the surplus value of the bank’s assets that would be available to shareholders, after subtracting the bank’s liabilities.Given this, you might wonder why the market is valuing Barclays’ shares at just £20bn. I think there are two likely answers to this question. One is that a decade of ultra-low interest rates means big UK banks just aren’t very profitable today. Barclays’ 2019 return on tangible equity — a key measure of profit — was just 5.3%.The second problem is potentially more serious. Without going into too much detail, my sums suggest that if the value of Barclays’ outstanding loans fell by 5%, the bank’s net asset value per share could fall from 284p to around 200p.With a major global recession potentially looming, it’s easy to see why investors might be nervous about bidding Barclays’ share price too high.Buy, sell, or hold Barclays shares?Despite my concerns, I don’t expect the bank’s equity to be wiped out by loan losses. For a long-term investor, I think that Barclays’ shares probably are a good buy at the moment.The main risk I can see is that the bank’s Covid-19 recovery could be longer and slower than expected. The shares could stay cheap for several years. So, although I rate the shares as a buy, I also think there are more exciting choices available elsewhere. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Roland Headlast_img read more

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Walsh puts rivals to the sword

first_imgMark Walsh made it a treble on the day at Fairyhouse and nine wins in the past week when guiding Sword Fish to victory in the Boylesports Irish Grand National At Fairyhouse Handicap Chase. The Christy Roche-trained 9/2 chance was always prominent under Walsh, who remained supremely confident in allowing Thelobstercatcher a narrow advantage in the home straight. Just edging in front at the last, he then extended his advantage up the run-in, secure a length and a quarter advantage. Press Associationcenter_img “Mark said it enjoyed it (the heavy ground), said owner JP McManus’ racing manager Frank Berry. “That made up for the last day when he just got chinned. He’s been pretty consistent all season. “We’ll try and find something like that again. He seemed to cope with the ground better than he used to.” Berry also had praise for the winning rider, who currently leads the jockeys standings, adding: “Mark is riding with a lot of confidence and that comes with riding good horses.” last_img read more

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United Way Service Center opens in Wellington

first_imgIn addition to Sumner County, United Way provides books in the following Sedgwick County Zip Codes of 67203, 67208, 67210, 67211, 67213, 67214, 67216, 67218 and 67219, Andover’s 67002, and Augusta’s 67010.United Way’s Legacy Fund endowment is funding books through the program in Sedgwick and Butler counties. The Dolly Parton Imagination Library is a national program started by Dolly Parton to inspire children to learn to read.The experiences of thousands of families, as well as research in child development, affirm the benefits of early learning experiences for children. Research shows that activities such as reading regularly with children, beginning in infancy, can produce a significant growth in I.Q., which lasts a child’s lifetime. Anyone interested in helping fund the program can send a donation to: United Way of the Plains, 245 N. Water, Wichita, KS 67202. If by check, make it out to “United Way of the Plains” with “Imagination Library” in the memo line.United Way of the Plains is a multi-county nonprofit serving south central Kansas—including Sumner, Sedgwick and Butler counties. United Way of the Plains brings people together to improve the lives of everyone by focusing on education, income and health. Those building blocks help children achieve their potential, help people achieve financial stability and help improve people’s health and wellness. To do this, United Way raises funds for programs, works with coalitions, writes grants, recruits volunteers and distributes in-kind gifts. United Way helps people find needed services through the United Way 2‑1‑1 information line and helps match people to volunteer opportunities through the United Way Volunteer Center. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comment (1) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +2 Vote up Vote down wellmom · 333 weeks ago This is a great addition to the community. I’m grateful they brought services here. Report Reply 0 replies · active 333 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentscenter_img Submitted to Sumner Newscow — The new United Way Service Center for Sumner County held its ribbon-cutting and open house at 314 N. Washington in Wellington. United Way also announced its expansion of a free book program in Sumner County for preschool children.The service center will house various nonprofit agencies providing services to Sumner County residents.“We are very pleased to bring United Way to Sumner County and we will be active in accomplishing our mission here to identify community needs and bring together resources to meet those needs,” said Patrick J. Hanrahan, president and CEO of United Way of the Plains. “We’re also pleased to expand our free book program to Sumner County. We want every child to experience the joy of books even if their families cannot afford them. We know if children get exposed to reading early, they will learn more quickly and every aspect of their lives will benefit.”Since 2011, United Way has been funding a program called the Dolly Parton Imagination Library for Andover and parts of Wichita. Now, Sumner County children under 5 years of age can receive free books once a month.Children in the Sumner County will now be able to receive an age-appropriate book each month from birth to age five. Parents can register these ways:·        sign up online at www.unitedwayplains.org/imaginationlibrary·        call 2-1-1 (United Way’s 24-hour information line).last_img read more

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Formula One team helps develop breathing aid for virus patients

first_imgThe Continuous Positive Airway Pressure (CPAP) breathing aid, developed in less than a week by mechanical engineers, doctors and the Mercedes Formula 1 team in conjunction with UCL (AFP Photo/James Tye)London, United Kingdom | AFP | Medical researchers and engineers have teamed up with Formula One outfit Mercedes to adapt a breathing aid for mass production that could keep coronavirus patients off much-needed ventilators.University College London said UK regulators had approved its adaptation of the continuous positive airway pressure device (CPAP), which helps patients with breathing difficulties.A version of the equipment, which increases air and oxygen flow into the lungs, has already been used in hospitals in Italy and China to help COVID-19 patients with serious lung infections.Teams at UCL and Mercedes have reverse-engineered the device and say they can make them quickly “by the thousands” and provide hospitals across Britain, as pressure builds due to more confirmed cases.Reports from Italy indicated about 50 percent of patients given CPAP did not need mechanical ventilation, which requires sedation and a tube placed into the patient’s windpipe, UCL said.Clinical trials with 100 of the machines are to be carried out at University College London Hospital, it added in a statement on Sunday.“These devices will help save lives by ensuring that ventilators, a limited resource, are used only for the severely ill,” said UCLH critical care consultant Mervyn Singer.“While they will be tested at UCLH first, we hope they will make a real difference to hospitals across the UK by reducing demand on intensive care staff and beds, as well as helping patients recover without the need for more invasive ventilation.” Britain’s state-run National Health Service currently has some 8,000 ventilators and the government has ordered 8,000 more. But there is concern there will be a shortage as the virus peaks.Prime Minister Boris Johnson has put his government on a war footing, appealing to major manufacturers and industry to repurpose their production, including for medical devices.Tim Baker, from UCL’s mechanical engineering department, said the process took days instead of years and improvements were made to the devices using computer simulations to help mass production.UK-based Formula One teams and their technology partners have been involved in a variety of schemes to meet medical needs in a partnership called “Project Pitlane”.With the season suspended due to the outbreak, they say they are well-placed to help because of their engineers’ expertise in rapid design, making prototypes, testing and assembly.Andy Cowell, managing director of Mercedes-AMG High Performance Powertrains, said: “We have been proud to put our resources at the service of UCL to deliver the CPAP project to the highest standards and in the fastest possible timeframe.”Share on: WhatsApplast_img read more

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IPL 2019: 50 per cent match fee fine is kid-gloving MS Dhoni, says Bishan Bedi

first_imgBishan Singh Bedi, the legendary Indian spinner, has slammed MS Dhoni’s outburst against the umpires in Jaipur as an immature protest and questioned the light penalty on the Chennai Super Kings captain after he stormed onto the pitch to argue with match officials during a thrilling win for his team against Rajasthan Royals.On Thursday, umpire Ulhas Gandhe signaled a no-ball off Ben Stokes in the final over of a tense match between Rajasthan Royals and Chennai Super Kings.The delivery looked waist-high but the square-leg umpire Bruce Oxenford disageed with Gandhe who retracted the decision.Ravindra Jadeja and Mitchell Santner, the on-field batsmen, immediately got into an argument with the umpires. MS Dhoni, who was dismissed by Ben Stokes the previous ball, was visibly furious in the sideline and he stormed onto the pitch and got into a furious arument with Oxenford and Gandhe.Am aghast w/media calls on Dhoni’s invasion o field as most immature protest against Umpires last night..puzzles me no end why sport scribes r petrified o honest expression against erring established stars..why even authorities are shamelessly timid-50% fine is kid-gloving MSD.!Bishan Bedi (@BishanBedi) April 12, 2019A few of the Royals players tried to calm Dhoni down and Santner hit Stokes for a six off the last ball to secure victory for CSK. MS Dhoni was named man-of-the-match but he was not even asked about his angry outburst during the post-match presentation ceremony.Bishan Bedi, one of the most outspoken former Indian cricketers, said he was aghast with MS Dhoni’s pitch invasion and how certain sections of the media were “petrified of honest expression against erring established stars.”advertisementMS Dhoni was fined 50 percent of his match fee.”MS Dhoni, the Chennai Super Kings captain, was fined 50 per cent of his match fees for breaching the VIVO Indian Premier League’s (IPL) Code of Conduct during his team’s match against Rajasthan Royals at Jaipur.””Mr Dhoni admitted to the Level 2 offence 2.20 of the IPL’s Code of Conduct and accepted the sanction,” an IPL press release said hours after the match.Crkt was never meant to look’ ugly-never mind if laws o the game are not trespassed-but certain behavioural’ patterns r tantamount 2 bringing disrepute 2 game..nobody was ever bigger than the game which demands highest form of exemplary discipline frm players/officials alike!Bishan Bedi (@BishanBedi) April 12, 2019Meanwhile, Former umpire K Hariharan said MS Dhoni had no business being on the ground.”Obviously star players try to pressurise umpires but it’s up to the umpires to withstand the pressure. They will do what they feel but it depends on the personality of the umpire,” one of India’s most well-known international umpires, K Hariharan, told PTI on Friday.Also Read | Dhoni had no business entering the ground, sanction light: Former umpire HariharanAlso Read | MS Dhoni’s outburst at umpire in RR vs CSK match probably not right: Jos ButtlerAlso Read | IPL 2019: MS Dhoni fined after fierce on-field argument with umpires in tense CSK chaselast_img read more

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Video to promote Gaur Purnima festival

first_imgKolkata: The state Tourism department has for the first time partnered with International Society for Krishna Consciousness (ISKCON) and made a video to highlight the Gaur Purnima festival at Mayapur, its global headquarters.The five-minute video on Gaur Purnima, to observe the birth of Sri Chaitanya, has been shown in all the festivals where the state Tourism department participates, said a senior official of the department. His Divine Grace AC Bhaktivedanta Swami Prabhupad, founder Acharya of ISKCON and the first Indian saint who spread Gaudiya Vaishnava philosophy successfully in the West in 1960. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaChief Minister Mamata Banerjee during her visit to the ISKCON in Mayapur had given a go ahead to set up a world centre of religious tourism. Currently, ISKCON is constructing a magnificent temple — Temple of Vedic Planetarium (TOVP) which is expected to be open by 2022 and it is going to put Mayapur in the spotlight of global Tourism industry. With the support of the WB Government ISKCON has also planned to build Sri Chaitanya Cultural World Heritage Centre (SCCWHC) spread over 750 acres of land in Mayapur. Also Read – Bengal civic volunteer dies in road mishap on national highwayAnnually more than 65 lakh devotees, pilgrims visit Mayapur. Currently, home to devotees from almost 70 countries , who study and practice Krishna Consciousness, Mayapur is set to grow in near future. In the last 50 years, ISKCON has developed the entire of NabadwipMandala, which comprises 9 islands where Sri Chaitanya Maha Prabhuhad performed his divine pastimes(leela). The five-minute video is currently played on many social media platforms and exhibitions. It is shot inside ISKCON Mayapur campus during Gaur Purnimafestival , which is the biggest festival of Mayapur. It showcases how beautifully devotees from all over the globe irrespective of caste, colour, colour, celebrate the festival with fervour from MahaAbishekof the deities to making garlands, performing ecstatic Kirtans, following the Vedic traditions of chanting mantras, said Subroto Das, Media Spokesperson of ISKCON.last_img read more

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Dominican fishermen released from prison

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items: Facebook Twitter Google+LinkedInPinterestWhatsAppNassau, Bahamas August 3rd, 2017 — The Royal Bahamas Defence Force vessel, HMBS Madeira, captured two Dominican vessels and arrested both of their captains and crewmembers for illegally fishing in Bahamian waters last year November 2016. During the incident one of the Dominican vessels rammed the Defence Force vessel in a failed attempt to escape.The two Dominican vessels, Sheyla and Johnniel, were caught with approximately 68,000 pounds of fish and crawfish aboard. Altogether, 51 Dominicans were arrested. 50 of the poachers were subsequently charged with illegal fishing and sentenced to 6 months in prison or a fine of $20,000 each. However, the captain of one of the vessels was charged with endangering a vessel and subsequently sentenced to 16 months in prison.After serving their sentences at the Department of Correctional Services, 50 Dominican fishermen were handed over to Bahamas Immigration authorities in care of the Carmichael Road Migrant Detention Center for deportation. Nine months after the incident, the 50 Dominicans were subsequently released yesterday from the Carmichael Road Detention and transported to Prince George Wharf where they were handed over to the Dominican naval vessel, Almirante Didiez Burgos, to begin their journey home. The Dominican naval vessel was escorted in and out of Bahamian waters by a Defence Force patrol craft.The captain of the Dominican poaching vessel that rammed the Defence Force patrol craft, Victor Diaz, will remain in custody at the Department of Correctional Services until 2018. He had pled guilty to an additional charge of eight counts of causing the safety of HMBS Madeira to be endangered with intent to cause danger or harm; and one count of Damage. He was therefore sentenced to an additional 16 months at the Department of Correctional Services.last_img read more

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