Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Barclays. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Enter Your Email Address At first glance, I think the Barclays (LSE: BARC) share price looks cheap. So, as a value investor, I’ve been considering adding the stock to my portfolio recently. Is the Barclays share price cheap?Shares in the banking group are changing hands at a price-to-book (P/B) ratio of less than 0.5. In theory, that is too cheap. Book value reflects all the assets and liabilities of a business. It essentially tells us what the company is worth if it was broken up and sold in pieces today. As such, a P/B ratio of less than one may suggest that the business can be acquired, broken up and sold for more than it is currently worth. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Unfortunately, it’s not quite as simple as that. Some companies deserve to trade at a P/B of less than one. For example, if a company is losing money, it is technically shrinking. That means a P/B of less than one may be suitable. Barclays isn’t losing money. For the nine months to the end of September, group profit before tax was £2.4bn. On that basis, I do not think that the Barclays share price deserves to trade at a P/B of less than 1. Based on that, the current valuation implies that shares in the lender are currently cheap. All of the above suggests that this profitable business is worth at least book value or more. Of course, this doesn’t guarantee shares in the lender will produce a high return. Just because the Barclays share price appears cheap, it doesn’t mean it is a good investment. Some stocks can trade at discount valuations for years.Risks ahead?The bank may also encounter other risks. In the past, the financial crisis and a series of scandals have caused large losses for investors. Indeed, at the beginning of last year, the lender warned that the coronavirus crisis might cause significant losses. Management has put aside £4.3bn so far for losses associated with the crisis. Nevertheless, Barclays remains one of the largest lenders in the UK. So far, the pandemic’s economic fallout has not been as bad as expected thanks to emergency measures from the government. The government has said that it intends to continue supporting businesses for as long as possible. That suggests that the overall impact on Barclays may be less than expected at the beginning of the pandemic.The group’s investment bank has also provided a cushion. Profits from selling investments and raising cash for troubled companies jumped 24% to nearly £10bn in the first nine months of 2020. Investment banking profits are cyclical, so this won’t last, but the cash influx has come at a good time for the business. However, there is no guarantee the lender will escape unscathed. Recent figures suggest unemployment hit 5% towards the end of last year, the highest level since 2016. Rising job losses may have a knock-on effect, and the government may not be able to save every business.Still, I think that the bank has handled the crisis well so far overall. That could bode well for the Barclays share price from now on if the situation does not deteriorate further. That’s why I think the business may make a good addition to my personal investment portfolio, considering all of the risks and potential rewards on offer. There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves | Saturday, 30th January, 2021 | More on: BARC Click here to get access to our presentation, and learn how to get the name of this ‘double agent’! Is the Barclays share price too cheap after recent falls? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaves
2017 Year: Residential Architecture ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/893766/sl-house-anx Clipboard Manufacturers: James Hardie, LaHabra, Metal Window Corp., Spark Modern Fires, California PoolsSave this picture!© Brian Thomas JonesText description provided by the architects. A slightly descending hillside parcel in the Silver Lake neighborhood of Los Angeles serves as the location for this single family residence. In addition to the site’s gentle topography near the highland of the surrounding hills, the opportunity to capture commanding views of Downtown Los Angeles, the Hollywood sign, and the Griffith Observatory influenced the position and orientation of the home.Save this picture!© Brian Thomas JonesSave this picture!First Floor PlanSave this picture!© Brian Thomas JonesSave this picture!Second Floor PlanArranged into two spatially interlocking volumes – a “cube” and a “bar” – the residence responds to the massing, scale, and setbacks of its suburban context, while also extending deep into the site to maximize relationships with the landscape and the distant vistas beyond. Entry into the home is found at the interstice between these two volumes, terminating upon arrival at the centrally located sculptural stair. Weaving these two volumes together, the stair core serves as the home’s interior center of activity.Save this picture!© Brian Thomas JonesOn the ground floor, the “cube” contains the garage and the voluminous kitchen opening to the pool terrace, while the well illuminated family room and deck are stacked above on the second floor. The street-oriented den, internally positioned dining room, and fully glazed living room and expansive terrace are placed on the ground floor of the “bar”, with the bedrooms and laundry room achieving privacy on the second floor.Save this picture!© Brian Thomas JonesA private terrace, screened from the street and neighboring properties is enveloped by the interior spaces of the home, promoting direct access to the pool, landscape, and the exterior living and dining areas. An exterior deck, with sunset views, is located adjacent the family room, while the master bedroom’s balcony looks out towards Griffith Park.Save this picture!© Brian Thomas JonesProject gallerySee allShow lessThe Beehive / Luigi Rosselli + Raffaello RosselliSelected ProjectsJuan Soriano Cultural Center and Museum / JSaSelected Projects Share “COPY” Save this picture!© Brian Thomas Jones+ 49Curated by Fernanda Castro Share SL House / ANX Projects CopyResidential Architecture, Houses•Los Angeles, United States Photographs Architects: ANX Area Area of this architecture project SL House / ANXSave this projectSaveSL House / ANX Photographs: Brian Thomas Jones Manufacturers Brands with products used in this architecture project Area: 3500 ft² Year Completion year of this architecture project United States “COPY” ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/893766/sl-house-anx Clipboard CopyAbout this officeANXOfficeFollowProductsWoodSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLos AngelesUnited StatesPublished on May 08, 2018Cite: “SL House / ANX” 08 May 2018. ArchDaily. Accessed 11 Jun 2021.