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GLEN Glencore Plc

455.00
-3.70 (-0.81%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Glencore Plc LSE:GLEN London Ordinary Share JE00B4T3BW64 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -3.70 -0.81% 455.00 28,904,035 16:35:06
Bid Price Offer Price High Price Low Price Open Price
455.55 455.70 457.80 449.30 451.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Nonmetallic Mineral Pds, Nec USD 217.83B USD 4.28B USD 0.3508 12.98 55.57B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:22 O 27 452.55 GBX

Glencore (GLEN) Latest News (2)

Glencore (GLEN) Discussions and Chat

Glencore Forums and Chat

Date Time Title Posts
04/5/202405:30Glencore Xstrata10,859
18/10/202316:06Glencore International - A global player15,412
13/1/202309:08Glencore4
30/3/202220:45Glencore IPO onwards >>6
22/9/201618:38Analysts' View on Glencore (GLEN)-

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Glencore (GLEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-03 17:47:12452.5527122.19O
2024-05-03 17:44:33452.7027122.23O
2024-05-03 17:18:55451.6514.52O
2024-05-03 16:52:04451.8029.04O
2024-05-03 15:52:13452.4554244.32O

Glencore (GLEN) Top Chat Posts

Top Posts
Posted at 04/5/2024 09:20 by Glencore Daily Update
Glencore Plc is listed in the Nonmetallic Mineral Pds, Nec sector of the London Stock Exchange with ticker GLEN. The last closing price for Glencore was 458.70p.
Glencore currently has 12,200,711,959 shares in issue. The market capitalisation of Glencore is £55,574,242,973.
Glencore has a price to earnings ratio (PE ratio) of 12.98.
This morning GLEN shares opened at 451.15p
Posted at 03/5/2024 09:04 by sundial1
what about straight amalgaation both share holders agreeing.what would that do to the share price ? Glen and Anglo both have joint owned copper mines in south America
Posted at 03/5/2024 08:38 by 84stewart
A increased offer from BHP would push Glen to its limits if they bid and collapse share price through Debt
Posted at 03/5/2024 00:49 by mhrangoon
This may affect share price. We may see a big drop in share price???
Posted at 29/4/2024 21:10 by action
Copper up 2.32%. What is wrong with GLEN price??
Posted at 26/4/2024 05:50 by 84stewart
Bhp bid for Glen would not work all share offer around £70bln which would dilute Bhp share price and not get shareholder approval imho
Posted at 13/4/2024 06:28 by gxgxx
Article from Internet

Glencore share price is nearing a golden cross formation
Glencore’s stock has jumped sharply in the past few weeks.
The price of copper has soared to its highest level since 2022.
There are signs that a new supercycle is happening in the commodities market.
Glencore (LON: GLEN) share price continued its strong recovery this week as investors focused on the commodity sector. The stock surged to a high of 477.60p, its highest point since January 2nd. It has risen by more than 30% from its lowest point in 2024.
Copper price is soaring

Mining companies are doing well, helped by the ongoing recovery of commodity prices around the world. As I wrote on Wednesday, Antofagasta has become the best-performing company in the FTSE 100 index this year.

Glencore’s stock is surging because of the ongoing revival of the copper market. Data shows that the price of copper rose to its highest point since June 2022. It has risen by over 24% from its lowest point in 2023 and is a sign that the global economy is bouncing back.

Copper is an important metal in Glencore’s business. It produced over 1 million tons of copper in 2023, generating billions of dollars in revenues and profits. In all, its metals and minerals business had over $35 billion in revenues and an adjusted EBITDA of $5.4 billion.

Glencore is also benefiting from the resurgence coal business. Data shows that the price of coal has jumped to $121, much higher than the year-to-date low of $94. This is notable because Glencore is one of the biggest coal companies in the world.

Coal demand will continue rising even as countries invest more money on renewable energy projects like wind and solar. The main threat for coal is natural gas, which is one of the most popular energy source in some countries.

Glencore is in the process of transitioning from the coal business, a strategy I believe is wrong. It is doing that by spinning off its coal business and combining it with that of Teck Resources.

Meanwhile, Glencore is set to benefit from its marketing operations since it one of the biggest commodity traders in the world. It moves millions of barrels of oil every day, which helped it make over $186 billion in revenues in 2023.

Glencore and other trading companies like Vitol, Trafigura, and Mercuria have been swimming in cash in the past few years. According to FT, trading profits jumped to over $104 billion in 2023.

Therefore, as we saw with General Electric, there is a possibility that Glencore’s stock will do well ahead of its spin-off. GE shares jumped sharply ahead of its energy business spin-off this year.
The daily chart shows that the Glencore stock price has been in a strong bullish trend in the past few weeks. It has moved back to the rising wedge pattern that formed in 2023.

The stock is now about to form a golden cross pattern, which happens when the 200-day and 50-day Exponential Moving Averages (EMA) cross each other.

Also, the Relative Strength Index (RSI) shows that there is a bullish momentum going on. Therefore, the outlook for the stock is bullish, with the initial target being at 500p.
Posted at 14/3/2024 11:20 by pj84
Some snippets from the above article.

“An activist investor has called on Glencore to abandon the demerger of its coal business and to switch its primary listing to Sydney from London, which it said was “no longer the home of mining”.

Tribeca Investment Partners, an Australian hedge fund, wrote to the board of the Swiss commodities powerhouse this week putting forward a list of proposals designed to help to revive the share price, which it said had trailed behind rivals since Glencore’s stock market flotation in 2011.”

....

“Tribeca urged the Glencore board to increase dividends by ending share buybacks and by divesting a minority stake in the trading division via a market flotation.”
Posted at 29/1/2024 13:58 by petersinthemarket
Still don't understand how such a low yield can be justified, but FWIW I did find this:

9 December, 2023: MotleyFool 2024 Forecast: ''Finally, we have Glencore, which is currently forecast to pay out 23.3 cents per share for 2024. That equates to a yield of about 4.1% at today’s share price and exchange rate – the lowest of the three commodity companies. [BHP, GLEN, RIO] Earnings are expected to come in at 50 cents, giving a dividend coverage ratio of about two, which is healthy. Now, one thing to understand about Glencore is that it’s both a miner and a commodity trader. So there’s an extra layer of risk here. Not only do investors face traditional mining risks (eg lower commodity prices, operational setbacks, etc) but they also face trading risk. If the company was to rack up a stack of losses from trading, investors could lose out.''

I hold for yield and expect a more acceptable outcome.
Posted at 04/1/2024 22:49 by uncertain times
Breaking news on the GLEN share price. It is going to go up, down or trend sideways and you heard it here first.
Posted at 14/11/2023 10:54 by sundial1
Glencore has set the clock-ticking on a break -up of its giant commodities business after clinching a $9bn deal for the coal division of Canada's Teck resources
The Swiss mining and trading house on Tuesday said it planned to merge Teck's steel making coal assets before spinning off the combined unit within two years of completing the acquisition
Such a demerger would create separate Glencore coal and metals companies which the company says will create more value for shareholders of both businesses
The coal deal marks the end of Glencore's long and fractious pursuit of Teck ,which began in April when it made an unsolicited $23bn bid for the whole of the company
The decision to return for the coal business underlines Glencore chief executive executive Gary Nagle's conviction that the heavily polluting fossil fuel still has a significant role to play in meeting the world's energy and infrastructure needs
Glencore has agreed to pay $6.9bn in cash for a 77 per cent stake in Teck's industry .
Glencore reiterated it intends to demerge the combined business within 24 months of the Teck deal closing
Following the spin-off which would have to be approved by the share holders Glencore intends to list the enlarged coal business in New York with secondary listings in Toronto and johannesburg .
The investors in the us are very eager to buy this cash-yielding company and we believe we would get a better valulation for the business in New York than we would in London
Glencore's vast metals operations would remain in London.it is not clear where Glencore's profitable energy trading division would sit he added.
Glencore share price data is direct from the London Stock Exchange

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