lozgti

Barclays shares at about £3.lots of building companies in the pennies now.

I know it is a bad time for builders and (I suppose) the risk is they could go kaput.But these bank shares look cheap to me??

Is it still daft to buy now? I am really tempted I must say.Even if it was only a couple of hundred quid and just sit on them for a while(can you spend that little on shares? )

I know I have sniggered at the stock markets demise but are we at a low point now?

stevebt

iTrader: (8)

The big banks will still recover similar with some of the big housing companies, Its not like it was when northern rock were going under so I think its well worth a punt if you can afford to loose the cash

RUDDY

3 pound is still along way to fall should it choose to! as it happens i know nothing about barclays though! my old mans been trading worworths latley! so ask your self the usual questions! if your having to ask your anylisis may need some work!
the thing is mate nobody truley knows and if we did we would all be on it!
the markets take no prisinors man! they bite very hard! i have an interest in stocks because of my dad but i dont know enough to get involved as yet! im gonna be in it to win it when i have finally learnt all this ****

john banks

Personally I don't think banks have hit anywhere near the bottom yet and will not be buying yet. If every single poster in a thread laughs at you for suggesting buying banks, then consider buying.

exvaux

iTrader: (1)

that the scoobynet way tho usually,if everybody says one thing do the opposite and you'll be fine

RUDDY

Ive just looked at it for a bit, i wouldnt buy! but as i said before i know **** all! like the rest of um

speedking

A few thoughts:

Depends if you're in it for the long term, or hoping for short term gains.

You buy BARC at £3. In 6 months time others are buying at £2. They will sell before they get back to £3 to make a healthy 50% return. You might not see £3 for quite a while.

If you'd bought Taylor Wimpey three weeks ago for 25p, would you have sold at 50p and taken a profit? Or would you hold on for bigger gains?

If you invest a couple of hundred and double your money (difficult when dealing costs and duty are factored in) is it going to change your life?

Good luck whatever you decide.

Speedking (Holder of both the abovementioned shares)

nixxon

Stock markets usually over-react on good , or bad , news. Bank shares have lost most of whatever value they are going to lose, so they might be worth a punt. Just don't expect toget rich within a year. For that, you need obscure mining stocks...

Skoobie Dhu

iTrader: (3)

Have a look at the bank share dividend yield - Lloyds is 11% and HBOS is 18%, way above any interest rate you'll get from a bank. Good divi yield and a decent chance the price will recover, good value just now.

john banks

The dividend isn't much use if it is not sustainable and you lose capital value to boot.

SunnySideUp

The Banks are sitting on a possible £20 Billion hit if the appeal ruling holds on unfair charges ...... £3 may look very expensive then, doesn't matter one jot that the divi 'was' giving you a 15% return when half your capital has disappeared!!

Skoobie Dhu

iTrader: (3)

Very true, but no-one has never made a killing in investment by not taking a risk.

john banks

... and many more people taking high risks have lost their shirts. I'm willing to take a calculated risk, but my calculator shows an error on banks at present

Lloyds profits have dropped 70% although they've increased their dividend Lloyds TSB profits plunge 70% | Business | guardian.co.uk

Neanderthal

iTrader: (6)

I used to work for Taylor Wimpey and had a sharesave scheme with them. When it finally matured I was allowed to get my shares at the priviledged rate of....... 239p a share!!
Just sitting on them now & bought a load more to lower my average share price.