Glencore Share Discussion Threads

[foxy22] 20/10/2016 07:39

My crystal ball says 2.60!!!

[bigbigdave] 20/10/2016 07:35

I'll go and find my Crystal ball foxy :o)

[foxy22] 20/10/2016 07:14

What sort of price rise do you expect today.big big Dave!

[bigbigdave] 20/10/2016 07:03

Should get a lift from today's news

Glencore reaches agreement to sell GRail coal haulage business

Glencore has reached agreement with Genesee & Wyoming Australia (GWA) to sell its Glencore Rail (GRail) coal haulage business in the New South Wales Hunter Valley for A$1.14 billion. The closure of the transaction is subject to FIRB approval.

Peter Freyberg, Head of Glencore's Global Coal Assets, said: "We established GRail in 2010 and have steadily grown it to become the third largest coal haulage business in the country. It has played a very important role in reducing costs and improving the overall efficiency of Australia's largest coal chain in the Hunter Valley. We are very pleased with the outcome of the sale process and look forward to continuing our constructive working relationship with Genesee & Wyoming in the years ahead."

Upon completion, GWA will service the majority of Glencore's coal haulage requirements in the Hunter Valley via a 20 year contract for the haulage of our export coal to the Port of Newcastle.

GRail currently hauls approximately 40 million tonnes per year of Glencore's Hunter Valley coal production to the Port of Newcastle.

The sale of the GRail business forms another significant part of Glencore's debt reduction program.

[russell250] 19/10/2016 20:50

No problem - easy mistake -

[zangdook] 19/10/2016 20:25

sorry, you're right, it's my fault for relying on google instead of going to the hsbc site. I'll edit my post.

[russell250] 19/10/2016 20:19

zangdook - I will check that as hargreaves landsdown hl.co.uk and investors chronicle have it as tomorrow - and I added a significant amount at 619 today --

In addition I have a hard copy from hsbc site - with dividend timetable

on section third interim dividend - it clearly says

19 October ADSs ex dividend in New York

20 October Shares quoted ex dividend in London, Hong Kong , Paris and Bermuda

21 October record date in London, Hong Kong, New York, Paris and Bermuda

6 December payment date

[zangdook] 19/10/2016 19:45

post deleted

[tsmith2] 19/10/2016 10:31

Rinse and rise

[younasm] 19/10/2016 09:46

Would be nice to see a small drop to 230p -- will save me rolling my short positions.Definitely risky shorting this one - but I am in no rush to close. Not cashed in my long positions yet :-)

[sawadee3] 19/10/2016 09:04

Another day, another rise :-)

GLEN only knows one direction :-)

£3 coming soon :-)

Happy days chaps :-)

[russell250] 19/10/2016 09:01

very tight range playing 237 - 240

- bhp updated this morning
- rio tomorrow early around trump debate time

off glencore - just a quick little of play if you play dividends

HSBC AND CARD FACTORY XD DIV TOMORROW
Card special divi plus normal - over 6% payment

[tsmith2] 19/10/2016 08:38

Take it down a pence or two then whoosh back

[losses] 19/10/2016 07:48

Asian shares were broadly higher early Wednesday, tracking overnight gains on Wall Street, while key data out of China met market expectations.The world's second-biggest economy expanded 6.7% in the third quarter from a year earlier, matching growth in the previous quarter, official data showed Wednesday. The figure was also in line with a forecast by economists polled by The Wall Street Journal.

[tsmith2] 18/10/2016 16:51

Upsizing.. :)

[russell250] 18/10/2016 12:25

lol - fast as gareth bale - for wales

[tsmith2] 18/10/2016 12:05

Limbering up for another dash

[russell250] 18/10/2016 11:35

anley - saw that this morning - china gdp in morning - could be a time to take some profits before final debate - I still think Trump will win

[anley] 18/10/2016 11:10

Harris Assoc now below 5%.............top slicing and making a huge profit as well.

[sawadee3] 18/10/2016 08:11

Every day an UP day with GLEN :-)

Legendary year for commodities with more to come in 2017 :-)

Happy days chaps :-)

[losses] 18/10/2016 06:24

Bulls might find a kernel of hope in historical data that points to strong finishes in years when October hits the skids. In fact, the Dow over the last 120 years has gained an average of 6.8% from its lowest October close through December 31. Annualized, that's about four times, the market's long-term average. In other words, a possible "monster rally" is shaping up as the year winds down.

[sawadee3] 17/10/2016 10:04

Never disappoints :-)

Happy days chaps :-)

[losses] 13/10/2016 15:32

Holding up well

[russell250] 13/10/2016 14:33

OVER REACTION AGAIN BY USA - ON CHINA SLOWDOWN

RIO BLT ARE THE TWO DOWNGRADED - LOOK AT FT PAGE 15 TODAY GOOD ARTICLE - DOLLAR RELATED EARNER POST BREXIT EXTERNAL EARNINGS AND DIVI INCREASES

VERY VOLATILE TODAY

[tsmith2] 13/10/2016 14:01

Clearly in demand...I'm expecting news v soon