Glencore Share Discussion Threads

[tsmith2] 29/9/2016 08:16

Shorters will be burning...!

[bigbigdave] 29/9/2016 08:10

You should have hung on Russ :o)

[tsmith2] 29/9/2016 08:07

Break out to 250-280

[prewar] 28/9/2016 20:43

Should get a kick up tomorrow with Opec deal reducing production

[tsmith2] 28/9/2016 14:45

Another flag formation..

[russell250] 27/9/2016 12:00

trump not great last night - so safer markets potential - croked Hilary wins

[russell250] 26/9/2016 17:23

well I cashed most stocks I hold today inc glencore - Trump I think will win debate tonight and am very nervous over unpredictable nature of impact to markets
- could really regret in morning - but safe than sorry

still see Glencore as a buy but will we watching with interest at 2am

[dremel] 26/9/2016 17:13

Yes, probably revisit 200, but that is normal behavior, nothing goes up in a straight line, then onward and upwards from 200 hopefully ?.

[heliweli] 26/9/2016 09:31

Revisit 200 or what?

[losses] 26/9/2016 09:25

Hedge Fund Lansdowne Loses Big on Glencore BetSource: Dow Jones NewsLONDON-Hedge fund firm Lansdowne Partners (UK) LLP is one of the biggest losers from the sharp rebound in Glencore PLC shares this year.Lansdowne, one of the world's biggest hedge-fund firms with around $20 billion in assets under management, has been betting against Glencore's shares for three years or more, according to regulatory disclosures.It benefited from their steep fall in the second half of last year on worries about the company's debt levels.This year the mining giant's shares have come roaring back. They are up around 130% this year to £ 2.12. And this has hurt those hedge funds that continue to hold a 'short' position and bet on a price fall.Since the start of the year Lansdowne has lost approximately £ 250 million ($326 million) on the position, according to calculations by The Wall Street Journal based on regulatory disclosures and closing share prices.A spokesman for Lansdowne declined to comment.Based just off London's expensive Berkeley Square, the media-shy investment firm has made double-digit gains in each of the past four years in its flagship Developed Markets fund, run by Peter Davies and Jonathon Regis.This year to September 16 it is down 13.2% after a series of missteps.Lansdowne's most recent letter to investors, reviewed by the Journal, showed its main fund was running a bet against shares in the basic materials sector.Overall hedge fund bets have come down sharply this year as Glencore's shares have recovered and are now at less than one-third of the levels seen in February, according to data group Markit.However, some investors have profited handsomely from Glencore's rebound.David Herro, international chief investment officer for U.S. asset manager Harris Associates LP, more than doubled its stake following the share issue last September. Harris has since trimmed its position to just under 6% from 8%, Mr. Herro said. "We still think the stock is worth well over 400 pence once copper begins to normalize," he said.Van Eck Global, which holds roughly $200 million of Glencore stock, made a 64% or $15.5 million return on shares bought and sold since September 2015, according to Journal calculations based on FactSet data."People didn't understand what was going on with the business at that point," said portfolio manager Charl Malan. People didn't realize that the company had a credible plan in place to reduce net debt, he added. "There is upside to their cash flow....They're going to return money to shareholders. You watch," he said.The rise in Glencore's share price this year has been driven by rising commodity prices, particularly in zinc and coal. The company has also taken steps to cut its debt burden. This year's rise marks a revival in fortune. On Sept. 28, 2015, its shares fell 29% in one day, to 69 pence, because of concerns it would struggle to pay down almost $30 billion in net debt. The company's stock had been steadily declining since its initial public offering price of 530 pence in 2011.Glencore responded to investor concerns by announcing a raft of measures to cut debt, including an equity issue, dividend suspensions and billions of dollars in asset sales. The plan is bearing fruit, with analysts expecting net debt to drop to well within the company's guided range of $16.5 billion to $17.5 billion by year-end, down from $23.6 billion at June-end and $29.6 billion a year before then.Rising commodity prices have also been a boon to earnings. As the world's largest exporter of thermal coal and zinc miner, Glencore has benefited from the rise in zinc and coal prices, two of its key earnings drivers.Write to Laurence Fletcher at [e-mail] (END) Dow Jones NewswiresSeptember 23, 2016 15:05 ET (19:05 GMT)Copyright (c) 2016 Dow Jones & Company, Inc.

[stoxx67] 26/9/2016 07:34

target £2.70, in due course, as i suggested many months ago..

[eggs benedict] 23/9/2016 21:02

Lansdowne Partners...bites lip, tries not to chortle :-)

[tsmith2] 23/9/2016 19:59

Lansdowne Partners Loses Big on Glencore Bet -- UpdateSource: Dow Jones NewsBy Laurence Fletcher LONDON -- Hedge fund firm Lansdowne Partners (UK) LLP is one of the biggest losers from the sharp rebound in Glencore PLC shares this year.Lansdowne, one of the world's biggest hedge-fund firms with around $20 billion in assets under management, has been betting against Glencore's shares for three years or more, according to regulatory disclosures.It benefited from their steep fall in the second half of last year on worries about the company's debt levels.This year the mining giant's shares have come roaring back. They are up around 130% this year to GBP2.12. And this has hurt those hedge funds that continue to hold a 'short' position and bet on a price fall.Since the start of the year Lansdowne has lost approximately GBP250 million ($326 million) on the position, according to calculations by The Wall Street Journal based on regulatory disclosures and closing share prices.A spokesman for Lansdowne declined to comment.Based just off London's expensive Berkeley Square, the media-shy investment firm has made double-digit gains in each of the past four years in its flagship Developed Markets fund, run by Peter Davies and Jonathon Regis.This year to September 16 it is down 13.2% after a series of missteps.Lansdowne's most recent letter to investors, reviewed by the Journal, showed its main fund was running a bet against shares in the basic materials sector.Overall hedge fund bets have come down sharply this year as Glencore's shares have recovered and are now at less than one-third of the levels seen in February, according to data group Markit.However, some investors have profited handsomely from Glencore's rebound.David Herro, international chief investment officer for U.S. asset manager Harris Associates LP, more than doubled its stake following the share issue last September. Harris has since trimmed its position to just under 6% from 8%, Mr. Herro said. "We still think the stock is worth well over 400 pence once copper begins to normalize," he said.Van Eck Global, which holds roughly $200 million of Glencore stock, made a 64% or $15.5 million return on shares bought and sold since September 2015, according to Journal calculations based on FactSet data."People didn't understand what was going on with the business at that point," said portfolio manager Charl Malan. People didn't realize that the company had a credible plan in place to reduce net debt, he added. "There is upside to their cash flow....They're going to return money to shareholders. You watch," he said.The rise in Glencore's share price this year has been driven by rising commodity prices, particularly in zinc and coal. The company has also taken steps to cut its debt burden. This year's rise marks a revival in fortune. On Sept. 28, 2015, its shares fell 29% in one day, to 69 pence, because of concerns it would struggle to pay down almost $30 billion in net debt. The company's stock had been steadily declining since its initial public offering price of 530 pence in 2011.Glencore responded to investor concerns by announcing a raft of measures to cut debt, including an equity issue, dividend suspensions and billions of dollars in asset sales. The plan is bearing fruit, with analysts expecting net debt to drop to well within the company's guided range of $16.5 billion to $17.5 billion by year-end, down from $23.6 billion at June-end and $29.6 billion a year before then.Rising commodity prices have also been a boon to earnings. As the world's largest exporter of thermal coal and zinc miner, Glencore has benefited from the rise in zinc and coal prices, two of its key earnings drivers.Write to Laurence Fletcher at [e-mail] (END) Dow Jones NewswiresSeptember 23, 2016 13:43 ET (17:43 GMT)Copyright (c) 2016 Dow Jones & Company, Inc.

[russell250] 23/9/2016 16:26

coking coal iron ore china only one way --even in bad market today did ok - when usa realises not only usa - this stock plus other miners influenced by china will increase

[losses] 23/9/2016 15:48

That's very impressive Russell... a few bad days and you can lose that and more.

[losses] 23/9/2016 15:47

Must admit made a few lost loads ?

[younasm] 23/9/2016 15:19

Well done Russell -- trading has been a hobby for me -- had mixed results in the first 5-10 years; now I make consistent profits regardless of market direction. I still have losses, but these risks are always well covered. I use options for short term stuff.

[russell250] 23/9/2016 15:09

I trade full time now first full year - when I say trade I study and study more - will not trade cfd`s - I Study again and use combination of isa`s sip and trading account - but I have genuinely made 1.1million from glencore this year - which is massively more than I have earned ever before - I see Glencore 250-280 - usa election only barrier now before nov 9 -- but make a lot of money befre election

[tsmith2] 23/9/2016 14:51

Commodities place to be - either recovery in price = strength of global economy or QE - v cheap credit

[scemer] 23/9/2016 14:46

Absolutley ts too good a company to be down where its been