I am thinking of buying some barclays shares. What is your advice? Is this the right time?

If they have 2 or 3 more custodial businesses to sell, then you can buy. Otherwise...

They r screwed in addition to the CBK crackdown on their off-shore forex positions.

Tomorrow, this will be the first bank in my portfolio. LETS GO BBK! at 10/-.

hahahahahaha. Where have you been , lol . Now is the time u are selling. By the time that order reaches nairobi frm mandera the price wld be at 3 bob , lol

@dunkang Barclays is also being punished for inability to expand in EA, the selling off assets and problems with her majesty's revenue services in the UK. There has been massive sell offs at 13 indicating that the slide will continue. Next support at around 11. If that is broken, then the next level is around 9 if the bear continues. The company is however solid, mature, with regular dividend. Wait for it at 11, buy some if it goes to 9-10 you can put all your savings there and just eat the dividends.

It is now coming home to roast

with the options available I would bolt from BBK at any price..
its currently offering similar returns to its peers so that rules out the dividend case..

And also investors must avoid making dividends the reason for buying a stock... A company that pays fat dividends (in pay out ratio terms not dividend yield) is usually running out of projects to invest so capital growth is limited and shareholders are likely to underperform in the long run wheras low pay out companies grow shareholder wealth (and hence the share price) through the returns from their various projects so these shareholders outperform in the long run..