Barclays 2017 results

[johnhemming]

https://www.home.barclays/content/dam/b ... cement.pdf

It looks like Barclays are going to go down the route of some buybacks in the future.

Critically, as we have carried out the work to reshape the business, we have continued to generate capital organically. Our CET1 ratio today stands at 13.3%, comfortably within our end-state target range.

While we still have a number of legacy conduct issues to address, I am confident in the capacity of this business to generate excess capital going forward, and it remains our intention over time to return a greater proportion of that excess capital to shareholders through dividends, and other means of capital distribution, including share buybacks.

As a first demonstration of that intent, we are pleased to be able to announce today the restoration of the dividend to six and a half pence for 2018."

Excluding litigation and conduct, losses related to the sell down of BAGL and the net charge due to the re-measurement of US DTAs,
earnings per share was 16.2p

[ADrunkenMarcus]

It looks like Barclays are going to go down the route of some buybacks in the future.

I think that makes sense if the share price remains significantly below tangible net asset value. I know dividend hunters will not be happy in the short term, but then they are holders of Barclays so will be used to disappointments on that score.

Best wishes

Mark.

[johnhemming]

Dividend hunters can always consider selling that proportion of their holding that has been bought back on the basis that they then maintain the same proportion of the company. That only works, however, if their holding is large enough as to ensure that the transactional costs are sufficiently low.