Anglo American Share Discussion Threads

[foxy22] 24/2/2017 13:21

How low is this going....any calls

[andy flower] 24/2/2017 12:13

Bought more. Will keep adding on drops. RSI/CCI/Bollinger all showing oversold. Need the MACD to reverse. But happy to add now and wait :).

[anony mous] 24/2/2017 09:33

Tad over done pullback but with bottom of channel still.Long article but worth a read....Commodities Report: Mining Back to Unearthing Profit -- WSJ22 February 2017Source: Dow Jones NewsMetal prices' rebound ends rough stretch marked by deep losses and rush to cut debtBy Scott Patterson and Rhiannon Hoyle The world's biggest miners are profit machines again, cashing in on soaring commodity prices and rewarding investors who stuck with them through a brutal downturn.BHP Billiton Ltd., the world's largest miner by market value, said Tuesday it had a profit of $3.2 billion for the second half of 2016 after posting a $5.7 billion loss in the year-earlier period. Anglo American PLC, the fifth-largest mining company, reported a profit of $1.6 billion for all of 2016, a dramatic rebound from 2015, when it lost $5.6 billion.The solid performance builds on strong results from British-Australian miner Rio Tinto PLC, which two weeks ago said it earned $4.6 billion in 2016 following a loss of $866 million in the prior year. Switzerland-based Glencore PLC is scheduled to release 2016 results on Thursday, with analysts widely predicting a return to profit.The swift return to profitability for the world's mining giants has surprised analysts, investors and executives alike. Few had predicted sustained rallies in everything from iron ore to coal to copper last year.Global mining companies are in better shape now than they were two years ago, when a steep decline in commodity prices sent their shares reeling, analysts say. To bolster their health, they sold off underperforming mines, shrank workforces and paid down massive piles of debt.Glencore scrambled to sell $4.7 billion in assets in the past year, including an Australian rail business and a 49.9% stake in its agriculture business. The company raised $1.4 billion from selling future deliveries of gold and silver from a pair of mines in Peru.The sales, along with eliminating its dividend and issuing new stock, helped Glencore survive a scary dive in its share price as investors rebelled over its debt levels. The company has said its net debt would fall to $17.5 billion or less by the end of 2016, from $29.7 billion as of June 30, 2015.Anglo American last April agreed to sell its Brazilian niobium and phosphates business to China Molybdenum Co. for $1.5 billion -- part of a downsizing plan the company described as "radical." The miner had expected to unload more operations, but a rebound in coal and iron-ore prices made it more attractive to keep those assets.Anglo American also benefited from solid sales of diamonds from its De Beers Group business, which was boosted by U.S. demand. The U.K.-based firm cut its net debt to $8.5 billion at the end of 2016 from $12.9 billion a year earlier.BHP's net debt at year-end stood at $20.1 billion, down from $26.1 billion at midyear. Rio Tinto last year slashed net debt by 30% from the previous year to less than $10 billion."They're as lean as can be," said Campbell Parry, an analyst with Abax Investments, referring to the mining companies. The Cape Town, South Africa, investment firm owns shares of Anglo American and BHP.Leaner balance sheets should give the companies "a lot more agility than they had a few years ago," Mr. Parry said.Rising copper prices have helped the miners. Glencore, Anglo American, BHP and Rio are among the world's biggest producers of the metal, whose price rose 27% in 2016. Copper has continued rising in 2017; it is up nearly 10% as work stoppages in Chile and permit disputes in Indonesia contribute to supply concerns.Now that the miners have dug themselves out of a hole, the question is whether they can keep from sliding back in, analysts say. Mining executives, burned by the downturn, remain cautious.They have chosen to use the surge in profits largely to reward investors, not launch big new projects. Rio increased its dividend and announced a $500 million share buyback. BHP doubled its dividend. Anglo says it plans to pay dividends on 2017 profits after eliminating its dividend last year.Although profits are back, they remain far below the dizzying heights reached in years like 2011, when BHP recorded over $23 billion in profit amid a China-fueled boom in commodity prices.Mining executives are particularly wary that coal and iron-ore prices, which surged last year amid renewed demand in China and reduced Chinese production, have risen too far too fast."I have to say, we don't think these prices will hold up in the long term," Anglo American Chief Executive Mark Cutifani said on a conference call with reporters Tuesday, referring to coal and iron ore.BHP CEO Andrew Mackenzie, in comments to reporters in London Tuesday, said reduced stimulus in China and new supplies will likely hurt prices for bulk commodities.But Mr. Mackenzie said he remains confident that, overall, demand from China will remain solid this year. "I think China is steady as she goes, " he said.Executives are also growing concerned that an increasingly unpredictable political situation in the U.S. and elsewhere could spark trade disputes, disrupting global growth and demand for commodities.BHP executives have singled out the policy platform of President Donald Trump's administration, which they said could spark trade wars that weigh on business confidence, hurt investment and lead to higher inflation in the U.S. Mr. Cutifani has also cautioned Mr. Trump against pushing the world toward protectionism."It's an uncertain world out there," Mr. Mackenzie said. "Trade wars are not going to help anybody."White House deputy press secretary Lindsay Walters said Mr. Trump's "policies will ultimately prioritize the best interests of the American people and American workers."Other mining executives have expressed enthusiasm about Mr. Trump's plans to ramp up infrastructure spending in the U.S. Glencore CEO Ivan Glasenberg believes that a $1 trillion infrastructure program floated by Mr. Trump is likely to boost demand for the commodities his firm produces, especially copper.Mr. Mackenzie and BHP Chairman Jac Nasser met with Mr. Trump, then president-elect, in January. At the meeting, they discussed the impact the U.S. policy direction could have on resources markets, Mr. Mackenzie said Tuesday.

[corlis] 24/2/2017 07:56

Well we came all the way to the 50 mda, hopefully that's it.?

[corlis] 23/2/2017 16:52

wow
what a sell off last 1/2 hour.

[corlis] 23/2/2017 13:30

We this is more like it...now £13.30

[ifthecapfits] 22/2/2017 16:17

Come on. Lets have a nice close.

[sandeep67] 22/2/2017 13:19

What a load of hoof..all miners are Down

[corlis] 22/2/2017 11:56

Hello Foxy
using my phone as on the road today,
I imagine it's because of no divi which us long term holders were not expecting.
Amazing how all the brokers have upgraded this in recent weeks, so shows even they're timing is all wrong too.
I have just added more at 12.99 & have a limit order in at 12.70.
So this better come good for me as these horses cost a bomb....lol

[foxy22] 22/2/2017 10:25

Why the drop anyway please enlighten me Corlis

[corlis] 21/2/2017 19:25

Foxy
you may get your money back tomorrow with Sandro Botticelli who's running in the Kempton 7.45pm....only concern is that the jockey Adam kirby has reputation that he rides for the bookies (pulls horses / receives backhanders) so caution at such a short price of 2/1....i didn't want him on horse but been assured he will try!!
He's got an earlier ride in 7.15 on Plucky dip 16/1 so he'll most probably try at that price.

[foxy22] 21/2/2017 16:12

Anglo not performing well corlis

[corlis] 21/2/2017 15:47

Foxy
just out of FTSE position at 96.

[corlis] 21/2/2017 11:47

Ive just noticed an inverted H&S pattern on the 3hrs / 4hrs.
Now £13.54, hopefully we see some good upside in near future.

[death by donut] 21/2/2017 10:22

Div back for 17/18 ?DbD

[corlis] 21/2/2017 09:29

Now this is - 1%...people going LONG on AAL cfd's must be getting stung.

[foxy22] 21/2/2017 09:23

Bloomberg..Anglo hot topic

[foxy22] 21/2/2017 08:58

In the red now!!!and intercontinental hotels hit all time high

[foxy22] 21/2/2017 08:46

Still talking...aal the great turnaround story...

[foxy22] 21/2/2017 08:43

Look at cnbc now they love talking about Anglo...Patel says de beers diamond demand super

[anony mous] 21/2/2017 08:25

Anglo's net debt fell to $8.5 billion by year-end from $12.9 billion at the end of 2015.That's great progress.Full yr rev moved up slightly.

[corlis] 21/2/2017 08:22

well ftse just touched 68...lets see