Victhom

Cramer's Stop Trading! JP Morgan's Secondary a Bit Too Expensive (6/2/09)

www.cnbc.com/id/31091877

Jim look at Nomura analyst call....

Cramer's Stop Trading! JP Morgan's Secondary a Bit Too Expensive (6/2/09)

Wednesday June 3, 02:51 PM
Qatar fund says remains supportive of Barclays
DUBAI, June 3 (Reuters) - Qatar Holding, a division of sovereign wealth fund Qatar Investment Authority, on Wednesday said it remained a supportive shareholder in UK bank Barclays (LSE: BARC.L - news) .

'Qatar Holding remains a supportive shareholder in Barclays, which it regards as a world class bank, led by a board of directors and a professional managment team for which it maintains the utmost respect,' said Ahmad Al-Sayed, managing director and CEO, in a statement.

The statement comes one day after an Abu Dhabi fund sold more than 11 percent of Barclays.

'Qatar Holding, moreover, regards Barclays as a valued commercial and strategic partner particularly in the Middle East markets and expects to build on this fruitful relationship over the long term,' according to the statement, which was read by a spokesman for the holding company.

(Reporting by Thomas Atkins; Editing by Jason Benham) Keywords: BARCLAYS QATAR/

Cramer's Stop Trading! JP Morgan's Secondary a Bit Too Expensive (6/2/09)

Hey Jim.....Barclays (BCS) trades at P/E of 4.83
you said sell in march at $2.75 I bought 25000 shares sold them at $21 this monday....I made a killing with your call....and now....

I'm buying back BCS again on your downgrade thanks again....Jim...you make my life easier...and Barclays will sell BGI division $12B by June 18 and restart dividend in Q3...when JPM at PE of 20 after much more "DILLUTION" will pay dividend???

Barclays May Sell BGI for as Much as $12 Billion, WSJ Reports

By Dan Hart

May 16 (Bloomberg) -- Barclays Plc, the U.K.’s third- biggest bank, is in talks to sell its asset management unit for as much as $12 billion, with BlackRock Inc. among interested bidders, the Wall Street Journal said, citing unidentified people familiar with the matter.

The business includes the exchange-traded funds unit iShares, which Barclays agreed to sell to CVC Capital Partners Ltd. for $4.4 billion two months ago, the newspaper said.

The iShares and securities-lending units each generate as much as a third of the profit for the Barclays Global Investors subsidiary, the newspaper said, citing a person familiar with the situation. BGI had a pretax profit of 595 million pounds ($903 million) in 2008, the Journal said.

Barclays does not comment on speculative stories, a company spokeswoman in London said when contacted by Bloomberg today.

To contact the reporter on this story: Dan Hart in Washington at [e-mail]