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De Blonay adds to Barclays during 'sceptical' 40 minutes
by Sarah Miloudi on Feb 13, 2013 at 15:18
Barclays shares may even push higher still, de Blonay said, pointing out more good news on its strategic shake-up and capital position would be recognised by shareholders.
He explained: 'The next phase will be "can it deliver on cost?" This is an important point, I think, because consensus is too low on costs and if Antony Jenkins can deliver, with the current economic environment staying the same, the company could be 20% up.
'We think the management is playing a low profile [game]. They do not want to give all the good news at once, even though we have had a lot of it already,' de Blonay added.
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