Anglo American Share Discussion Threads

[anony mous] 10/1/2017 15:00

As said this morning 12.50 needs to build.Corlis.Jeffries Group and few others upgraded AAL today and also Chinese PP up 5% has given basic resources a big push up. Even across Europe.

[corlis] 10/1/2017 14:52

redips
thanks for identifying gap target.

[redips2] 10/1/2017 14:42

Some way to go but closing in on that gap at 14.66 ish .

[corlis] 10/1/2017 14:30

Anony
Whats the reason for this 7% spike today?

Fundamental's reason must be the weak pound

TA, I knew we were near the top of daily ichimoku cloud / finally broke up through.

but has there been any news released etc?

[corlis] 10/1/2017 12:33

Foxy
which meeting are you going to?
I had a horse running the other day but it came 3rd.

[foxy22] 10/1/2017 12:19

Off to the races!!!

[corlis] 10/1/2017 11:29

Boom shacka lacka

[corlis] 10/1/2017 10:51

Anony
yes shout up through the top of cloud very easily.
lets hope we're not attracted back down to the 11.90-ish again & we keep heading north.

[foxy22] 10/1/2017 10:09

Finally....it's moving

[anony mous] 10/1/2017 09:12

corlis.HNY all here.11.91 knocked out.Needs to get around 12.50 area with vols for next move up to 13 or 14.looks very good.

[corlis] 10/1/2017 08:20

Still in cloud
11.91 may well take a good few attempts to finally push on up through!

[corlis] 05/1/2017 16:18

We're going through a load of turbulence (trading within a range)

[revell40] 05/1/2017 16:02

This as gone stagnant

[zho] 01/1/2017 10:40

>> Hoping this will be around the £20 mark end of 2017 >>

Maybe. Eps forecasts for 2017 continue to increase: now at 165p compared to 38p six months ago.

[andy flower] 30/12/2016 16:09

Life changing year for holders here and GLEN/VED etc. Long may it continue. Hoping this will be around the £20 mark end of 2017 ?.

[chinese investor] 30/12/2016 15:50

AAL - My Share For 2016 !

Chinese Investor (AAL) 22 Sep '16 - 09:43
My Share For 2016 !
1000p By Christmas !

[corlis] 28/12/2016 08:11

Morning

I could see the ichimoku was ready for a breakout upwards.
It may be a very merry new year.

[anony mous] 27/12/2016 21:58

23 December 2016ANGLO AMERICAN RETHINKS SALE PLAN AS COMMODITY PRICES RISEAnglo American PLC, a large coal producer and the world's eighth-largest mining firm by market capitalization, is experiencing a bounceback fueled by rising commodity prices, reports The Wall Street Journal.Prices for commodities such as coal tanked in recent years and the U.K. based-firm posted a $5.6 billion loss and was left with a mountain of debt.In response to the downturn, Anglo devised a strategy to shed 29 mines, about two thirds of its assets, and lay-off 85,000 workers across its operations in Australia, South Africa and Chile. But the company didn't even get halfway through its plan before commodity prices rebounded.The price of a type of coal used in steelmaking has risen dramatically this year and iron-ore prices are up on the back of a Chinese government stimulus package which coincided with a production cut in the giant Asian economy, which consumes about 40% of the world's raw materials.Now, Anglo's coal business is booming and its share price is up nearly 300% this year. The company is poised for an expansion rather than the cutbacks previously envisioned.

[anony mous] 27/12/2016 21:54

Omens good for Anglo in 2017 as iron ore, diamonds turn upin Commodity News 23/12/20162017 may be a vastly improved year for Anglo American, in which it celebrates its centenary, with its investments in Kumba Iron Ore and Anglo American Platinum receiving the thumbs up while recently published diamond sales figures from De Beers suggests a stronger market for gems than previously forecast.Goldman Sachs said in a recent report that it expected Kumba to resume dividends in 2017 following an improvement in the iron ore price and the firm's own self help efforts.Nearly 4,000 jobs were cut at Kumba's flagship Sishen Iron Ore mine. The upside to this austerity was that Sishen improved its grade, cut costs and generated cash of R4.5bn, enough to wipe out debt.As a result of Kumba being net cash, Goldman Sachs said it foresaw an improved yield over the next three years. "A 35% payout ratio translates into a 3% dividend yield for the 2016 financial year. On our estimates, Kumba has an average dividend yield of 5.4% for next three years," it said. The report was published on December 12."As the market becomes more confident on continued strength in iron ore prices, we expect to see significant upgrades [to Kumba's share price]," it said.The benchmark futures contract for iron ore, traded on the Dalian Commodity Exchange, yesterday slumped 7.2%, to $80.47 a ton, the biggest daily decline since November 30, said the Wall Street Journal. But Goldman Sachs thought that Kumba's share price was factoring in a sub-$50/t iron ore price.Shares in Kumba have increased nearly a fifth in the last 30 days.Goldman Sachs also upgraded Amplats to neutral after concluding that its share price had weakened sufficiently enough, adding that the firm's management had done the right thing in selling high cost production (Rustenburg Platinum Mines), and reducing net debt.It remains bearish on the platinum market, however. Anglo American owns about 70% of Kumba and just under 80% of Amplats. A plan is reportedly being hatched in which the South African coal mines of Anglo could be floated separately, possibly with Kumba, or using Kumba has a vehicle for the float.And positive sales news from De Beers indicates the 85%-held diamond miner and marketer could comprise a heavy slug of Anglo's pretax earnings again when the group reports its full-year figures in February. De Beers contributed $585m of Anglo's interim pre-tax earnings of $1.38bn.De Beers last week reported sales for its tenth and final sight of the year of some $418m. This was a 12% decline from the previous sight, but it comes at the traditionally weakest period of the year. Nonetheless, the sale figure was 70% higher than the $248m reported in the last sight of 2015."We continued to see good demand for De Beers rough diamonds in our latest sales cycle," said JP Morgan in a note last week."While the trade in lower value rough diamonds is experiencing a temporary slowdown as a result of the demonetisation programme in India, demand across the rest of the product mix continued to be healthy and overall sales remained in line with seasonal expectations," it said.The bank consequently retained its overweight assessment of Anglo which it adopted in July saying that reversing out Anglo's stake in Kumba and Amplats, the 'rump' was trading at a 40% discount to its peer group. With further news on cost reductions, as well as the possible resumption of dividends, JP Morgan expected this discount to narrow.Source: MiningMX

[anony mous] 23/12/2016 10:32

Have a great Christmas !