Of the UK banks, Barclays has –so far – coped with the crisis relatively well. It hasn't suspended its dividend, which for income investors is at least something.
But just like the other banks, Barclays' shares have taken a colossal hammering. Before the crisis the shares were about to reach 800p, while at their lowest in 2009 they almost touched 50p.
Investors who were brave enough to get in at the moment of maximum fear have had a good run back up to around 300p or so. But the shares have been falling again for the last 3 years, and we are of course still well below the old highs.
Does this in itself signal a great bargain? To read the full article, click the link below:
Are Barclays' shares a good investment?
Just to let you know, next week I'll be publishing the latest issue of UK Value Investor, as well as a new case study covering the complete buy, hold and sell process. After January's sale of N Brown returned 50% in 8 months, I'm not sure it will top that, but it should provide some valuable lessons.
Have a very Happy Easter,
John Kingham
Investment Strategist for UK Value Investor
http://www.ukvalueinvestor.com/join-uk-value-investor/
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